Commodities Update 06 Jun 2020

BDI increased to 679 (05 Jun) from 504 (29 May)

Harpex slide from 479.20 (22 May) to 452.36 (29 May)

COT 

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

• Corn (1)
• Soybean Meal

Neutral

• Natural Gas
• Feeder Cattle
• Palladium (1)

Up Trend

• Oats (1)
• Lumber
• Gold
• Gasoline

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

• Rough Rice

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 a trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

Rough Rice

I may enter a short after a break down from consolidation and price-action call for it.

Reasons

• Double-Top
• Price moving up in Parabolic manner
• COT dealer interest selling at extreme