Commodities Update - 13 Sep 14

BDI continue to go up to 1181 (12 Sep) from 1155 (05 Sep).

Commodities Update
Most commodities price continue to go lower due to stronger USD.  Advise to have short term or intraday trade unless is in UT.

I will continue to have lesser trade on commodities and more on Forex and Indices
I may consider to trade if there is a long signal on the following:

• Cotton (DT),
• Coffee (UT),
• Orange Juice (UT)
• Palladium (DT)
• Feeder Cattle (UT)
• Lumber (Neutral, Consolidating)

Those in DT will wait for 2ET

Commodities

Instruments that show buying interest by Producer/Merchant/Processor/User

Down Trend

• Sugar
• Corn
• Soybeans (1)
• Soybean Meal
• Wheat
• Rough Rice (1)  (1ET, broke 1 week high)
• Cotton (1)(2) (1ET, broke 2 weeks high)
• Natural Gas (1)
• Heating Oil
• Platinum
• Palladium 
• Silver 
• Gold
• Copper

Neutral
None

Up Trend

• Feeder Cattle
• Orange Juice (Consolidating)

Note
(1) COT Index > 90
(2) Price may have hit bottom
Down Trend and Up Trend is based on 50 Simple Moving Average