Commodities Update - 29 Oct 16

BDI broke 800 mark and lower to 798 (27 Oct) from 842 (21 Oct)
Harpex lower to 322.70 (22 Oct) from 324.77 (15 Oct)

Summary
Metals and soft commodities closed higher while energy closed lower.

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

• Cocoa
• Wheat
• Platinum
• Palladium

Neutral

• Rough Rice

Up Trend

• Natural Gas

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

• Coffee
• Soybean Oil
• Heating Oil

Neutral

• Cotton

Down Trend

• None

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