Commodities Update - 19 Nov 16

BDI continue to close higher from 1045 (11 Nov) to 1257 (18 Nov)
This is pretty unusual from the norm when compare to last few years pattern.
Harpex lower from 318.56 (05 Nov) to 317.32 (12 Nov)

Summary
Energy and grains closed higher while metals, coffee and sugar closed lower.

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

• Cocoa

Neutral

• Rough Rice
• Natural Gas

Up Trend

• Wheat

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

• Coffee
• Cotton
• Copper

Neutral

• Crude

Down Trend

• None

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
Down Trend and Up Trend is based on 50 Simple Moving Average