Sunday, November 3, 2019

Commodities Update 02 Nov 19

BDI slumped down from 1,801 (25 Oct) to 1,697 (01 Nov)
No changed with Harpex at 723.72 (25 Oct)

COT 
Download Commodities COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
  • Orange Juice
Neutral
  • Crude (1)
Up Trend
  • Soybean Meal 
  • Sugar (1)
  • Natural Gas (1)
  • Cotton

Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend
  • None
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

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