Commodities Update 11 May 2024

BDI continued to close higher after rebounded last week, from 1,876 (03 May) to 2,129 (10 May)

Harpex closed higher from 1,290 (03 May) to 1,319 (10 May)

CDFI rebounded and closed higher, from 1,231.77 (30 Apr) to 1,340.84 (10 May)

CCFI closed higher, from 1,193.64 (26 Apr) to 1,237.84 (10 May)

COT     

Download Commodities COT

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

• Sugar (1)
• Soybean Oil 
• Feeder Cattle
• Lumber (1)
• Cotton

Neutral

• Palladium

Up Trend

• Corn
• Crude (1)

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

• Natural Gas

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 Averages