Monday, November 10, 2014

Commodities Update - 08 Nov 14

BDI edge higher this week to 1437 (07 Nov) from 1428 (31 Oct).

Summary
Natural Gas outperformed this week.  Grains was weak this week.

Trade I am in are

  •     Feeder Cattle (Entry on 04 Nov)
  •     Heating Oil (Entry on 07 Nov)
  •     Palladium (Entry on 07 Nov)

Closed Trade

  •     Natural Gas (Entry on 28 Oct, closed on 06 Nov)
  •     Coffee (Entry on 03 Nov, SL triggered on 04 Nov)
  •     Heating Oil (Entry on 03 Nov, SL triggered on 04 Nov)
  •     Palladium (Entry on 03 Nov, SL triggered on 04 Nov)
  •     Soybean Meal (Entry on 06 Nov, closed on 06 Nov)

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

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


Those in DT will wait for 2ET

Commodities

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

  • Cocoa
  • Coffee
  • Rough Rice (1)
  • Lumber
  • Heating Oil
  • Copper
  • Platinum
  • Palladium
  • Silver (1)
  • Copper
  • Gold
  • Orange Juice (1) (Neutral to DT)

Neutral

  • Natural Gas (1)

Up Trend

  • Coffee

Note
(1) COT Index > 90
Down Trend and Up Trend is based on 50 Simple Moving Average





 

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