Commodities Update 08 Jul 2023

BDI closed lower, from 1,091 (30 Jun) to 1,009 (07 Jul)

Harpex closed lower from 1,227 (30 Jun) to 1,211 (07 Jul)

CDFI closed lower from 980.19 (30 Jun) to 950.29 (07 Jul)

CCFI closed lower from 895.72 (30 Jun) to 880.2 (07 Jul)

COT     

Download Commodities COT

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

• Corn
• Coffee 
• Gold
• Palladium (1)
• Platinum
• Silver

Neutral

• Wheat
• Cotton
• Gasoline

Up Trend

• Soybeans

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

• US Cococa

Neutral

• Rough Rice

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 Averages.