Commodities Update 28 Jan 2023

BDI closed lower from 763 (20 Jan) to 676 (27 Jan)

Harpex closed lower from 1,103 (20 Jan) to 1,100 (27 Jan)

CDFI remained at 905.49 (20 Jan), and CCFI remained at 1,160.59 because China closed for a long holiday.

COT     

Download Commodities COT

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

• Palladium
• Wheat (1)
• Coffee (1)
• Feeder Cattle (1)

Neutral

• Lumber
• Cotton

Up Trend

• Gold

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

• Soybean Meal

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 are based on 50 Simple Moving Average