Sunday, August 30, 2020

Commodities Update 29 Aug 2020

BDI edged higher to 1,488 (29 Aug) from 1,481 (21 Aug)
Harpex rallied to 627.11 (21 Aug) from 596.69 (14 Aug)

COT 

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

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