Commodities Update - 27 Aug 16

BDI closed higher at 720 (26 Aug) from 683 (19 Aug)
Harpex lower again this week to 341.76 (20 Aug) from 342.17 (13 Aug)

Summary
Most commodities closed lower while Natural gas goes against the odd, rallied more than 10%.

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

• Wheat
• Corn
• Oats

Neutral

• Cocoa

Up Trend 

• Natural Gas

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

• Coffee
• Silver
• Heating Oil
• Lumber

Neutral 

• None

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