Commodities Update 19 May 18

BDI slide down to 1273 (18 May) from 1472 (11 May)
Harpex closed higher for another week at 656.63 (12 May) from 653.64 (05 May) 

COT 

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

• Sugar
• Soybean Oil
• Platinum

Neutral

• Silver

Up Trend

• Natural Gas (1)
• Crude (1)

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

• Corn
• Cocoa
• Cotton
• Rough Rice
• Gasoline
• Lumber

Neutral

• None

Down Trend

• Soybean Meal

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

Mar 2018 posted on Monitoring Coffee and Orange

Coffee seems supported for the moment.

Orange juice tested another resistance level and pull back.  Had taken partial profit.