Commodities Update - 03 Dec 16

BDI edge higher to 1198 (02 Dec) from 1181 (25 Nov)
Harpex edge lower to 316.07 (26 Nov) to 316.49 (19 Nov)

Summary
Energy closed higher, soft commodities closed lower while the rest are mixed

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

• Cocoa

Neutral

• Rough Rice

Up Trend

• Natural Gas

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

• Crude
• Copper

Neutral

• Cotton

Down Trend

• Coffee

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