Commodities Update - 25 Oct 14

BDI bounced up from 944 (17 Oct) to 1192 (24 Oct).

Summary
Most grains had gained between 1-5% this week except for Rough Rice.  With COT accelerating above 1000 level, I will keep a close watch on commodities too.

Trade I am in are

• Soybean Meal (Entry on 21 Oct)

Closed Trade

• Wheat (Entry on 21 Oct, closed on 24 Oct)
• Soybean Meal (Entry on 21 Oct, Partial closed on 24 Oct)
• Corn (Entry on 21 Oct, closed on 23 Oct)
• Oats (Entry on 21 Oct, closed on 24 Oct)

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

• Natural Gas (DT)
• Rough Rice, Corn, Wheat, Soybean, Soybean Meal (DT)
• Palladium, Platinum, Silver, Copper (DT)

Commodities

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

• Cocoa
• Soybean Oil
• Rough Rice (1)
• Natural Gas (1) (Neutral to DT)
• Heating Oil
• Copper
• Platinum
• Palladium
• Silver (1)
• Copper
• Lumber (Neutral to DT)

Neutral

• Orange Juice (1)

Up Trend

• None

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