Commodities Update - 21 Jan 17

BDI did a slight improvement from 910 (13 Jan) to 925 (20 Jan)
Harpex continue to improve from 316.39 (07 Jan) to 319.07 (14 Jan)

Summary
Energy closed lower, Grains closed higher while the rest closed mixed.

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

• Cocoa

Neutral

• Rough Rice

Up Trend

• None

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

• Soybean Meal
• Crude
• Gasoline
• Heating Oil
• Cotton
• Copper
• Feeder Cattle

Neutral

• None

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