Commodities Update - 04 Feb 17

BDI continue to slid from 827 (27 Jan) from 752 (03 Feb)
Harpex move higher from 320.56 (21 Jan) to 322.35 (28 Jan)

Summary
Most energy and metals closed higher while the rest are mixed.

COT
Instruments that show buying interest (2) 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
• Cotton
• Silver

Neutral

• Copper

Down Trend

• Feeder Cattle

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