Commodities Update - 15 Nov 14

BDI decline this week from 1437 (7 Nov) to 1256 (14 Nov).

Summary
Commodities was a mixed, one or two from each category have a performer;  Feeder Cattle, Orange Juice (may have bottom), Coffee, Natural Gas, Wheat and Corn.

Trade I am in are

•     Feeder Cattle (Entry on 04 Nov)
•     Coffee Arabica (Entry on 12 Nov)
•     Corn (Entry on 10 Nov)
•     Wheat (Entry on 10 Nov)   

Closed Trade

•     Feeder Cattle (Entry on 12 Nov, closed on 14 Nov)
•     Heating Oil (Entry on 07 Nov, closed partial on 10 & 11 Nov)
•     Palladium (Entry on 07 Nov, closed on 10 Nov)
•     Palladium (Entry on 12 Nov, SL triggered on 13 Nov)
•     Coffee Arabica (Entry on 12 Nov, closed partial on 14 Nov)
•     Corn (Entry on 10 Nov, closed partial on 13 Nov)
•     Wheat (Entry on 10 Nov, closed partial on 14 Nov)
•     Soybean meal (Entry on 11 Nov, closed partial on 12 & 14 Nov)

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

•     Up Trend
•     Corn, Wheat, Natural Gas
•     Neutral
•     Coffee Robusta (2), Soybean Meal
•     Down Trend
•     Coffee Arabica, Rough Rice, Silver, Copper, Palladium, Platinum

Those in DT will wait for 2ET
 
COT
Instruments that show buying interest by Producer/Merchant/Processor/User

Down Trend

• Cocoa
• Coffee
• Rough Rice (1)
• Lumber (1)
• Copper
• Platinum
• Palladium
• Silver (1)
• Copper
• Gold
• Orange Juice (1)

Neutral

• None

Up Trend

• Natural Gas (1)

Note
(1) COT Index > 90
(2) No COT data available

Down Trend and Up Trend is based on 50 Simple Moving Average