Commodities Update 27 May 2023

BDI slumped further from 1,384 (19 May) to 1,172 (26 May)

Harpex remained the same at 1,238 (26 May)

CDFI closed lower from 1,031.82 (19 May) to 985.38 (26 May)

CCFI closed lower from 946.18 (19 May) to  938.74 (26 May)

COT     

Download Commodities COT

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

• Copper
• Wheat (1)
• Soybean Oil (1)
• Soybeans (1)
• Corn
• Heating Oil

Neutral

• Gasoline (1)
• Palladium (1)

Up Trend

• Cotton
• Gold
• Silver

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

• Cocoa

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.