Sunday, August 23, 2020

Commodities Update 22 Aug 2020

BDI closed lower from 1,595 (14 Aug) to 1,481 (21 Aug)

Harpex closed higher to 596.69 (14 Aug) from 556.13 (07 Aug)

COT 
Download Commodities COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
  • Corn
Neutral
  • None
Up Trend
  • Natural Gas (1)
  • Gasoline
  • Palladium

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

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