Sunday, October 12, 2014

Commodities Update - 11 Oct 14

BDI decline further this week to 963 (10 Oct) from 1037 (03 Oct).
Summary
Feeder Cattle hit new high and closed lower on Fri, Coffee and cocoa are trading  higher while Grains and Metals are stable and Energy remained weak.

Trade I am in are

  •     Coffee Arabica (29 Sep, broke LHF)
  •     Cotton (10 Oct, broke LHF, 3ET)

Closed Trade

  •     Sugar (Entry on 03 Oct, closed on 08 Oct)
  •     Feeder Cattle (Entry on 17 Sep, closed on 10 Oct)
  •     Coffee Arabica (Entry on 29 Sep, took partial on 08 Oct)
  •     Cotton (Entry on 01 Oct, Closed on 09 Oct)
  •     Oats (Entry on 06 Oct, Closed on 08 Oct)
  •     Rough Rice (Entry on 06 Oct, Closed on 08 Oct)

I may consider to trade if there is a long signal on the following:

  •     Natural Gas (UT, watching for LHF)
  •     Lumber (UT, watching for LHF)
  •     Rough Rice (DT, watching for LHF,  range bound in weekly chart)
  •     Palladium, Platinum (DT, broke LHF this week, watching for 2ET)


Those in DT will wait for 2ET

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


Down Trend

  •  Cocoa (Neutral to DT)   
  •  Sugar
  •  Soybeans (1)
  •  Soybean Meal
  •  Rough Rice (1)
  •  Orange Juice (1)
  •  Gasoline
  •  Heating Oil
  •  Copper (consolidation)
  •  Platinum
  •  Palladium
  •  Silver (1) 
  •  Gold
  •  Copper
  •  Cotton (1)

Neutral
  •   None


Up Trend

  •  Natural Gas (1)
  •  Lumber (Neutral to UT)


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









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