Commodities Update - 22 Oct 16

BDI lower from 892 (14 Oct) to 842 (21 Oct)
Harpex continue to lower from 326.01 (08 Oct) to 324.77 (15 Oct)
Overall this is not a good sign, with year end festival season coming, no sign of picking up.

Summary
Commodities closed mixed this week.

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

• Cocoa
• Platinum

Neutral

• None

Up Trend

• Rough Rice
• Natural Gas

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

• Coffee
• Sugar
• Soybean Oil
• Crude
• Heating Oil

Neutral

• None

Down Trend

• Cotton

Note
(1) COT Index >= 90
(2) COT Index <= 10
(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