Commodities Update - 28 Jan 17

BDI slid near 100 pt to 827 (27 Jan) from 925 (20 Jan)
Harpex continue moving higher to 320.56 (21 Jan) from 319.07 (14 Jan)

Summary
Despite the weakening of USD, most commodities still closed lower.

COT
Instruments that show buying interest (2) by Producer/Merchant/Processor/User
Down Trend

• Cocoa

Neutral

• None

Up Trend

• Rough Rice

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