Commodities Update - 20 Aug 16

BDI edge higher this week to 683 (19 Aug) from 671 (12 Aug)
No change on Harpex this week at 342.17 (13 Aug)

Summary
Most commodities closed higher. Gasoline is the best performer, up more than 10% while silver is the worst performer, down near to 3%.

COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend 

• Wheat 
• Corn
• Oats

Neutral

• None

Up Trend 

• Cocoa
• Natural Gas

Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend 

• Silver
• Lumber

Neutral 

• Heating Oil

Down Trend 

• Soybean Meal

Note

(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT
Down Trend and Up Trend is based on 50 Simple Moving Average