Saturday, November 22, 2014

Commodities Update - 22 Nov 14

BDI went higher this week from 1256 (14 Nov) to 1324 (21 Nov).

Summary
Most commodities are not moving much except for Orange juice and Lumber.  I have missed these 2 trades but will be waiting for LHF formation to enter.  Lumber will be tougher to trade due to huge gap.

Trade I am in are

  • Corn (Entry on 20 Nov)
  • Wheat (Entry on 21 Nov)
  • Sugar Raw (Entry on 19 Nov)
  • Soybean meal (Entry on 21 Nov)
   
Closed Trade

  • Feeder Cattle (Entry on 04 Nov, closed partial on 18 Nov and closed all on20 Nov)
  • Coffee Arabica (Entry on 12 Nov, closed partial on 17 Nov)
  • Coffee Arabica (Entry on 18 Nov, closed on 18 Nov)
  • Corn (Entry on 10 Nov, closed on 17 Nov)
  • Wheat (Entry on 10 Nov, closed on 18 Nov)
  
I may consider to trade if there is a long signal on the following:

  • UT
    • Natural Gas
  • Neutral
    • Coffee Arabica, Coffee Robusta (2), Soybean Meal, Sugar Raw
  • DT
    • Rough Rice, Orange Juice, Lumber, Feeder Cattle
    • Silver, Copper, Palladium, Platinum

COT

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

Down Trend

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

Neutral

  • Sugar Raw (from DT to neutral)
  • Coffee Arabica

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






 

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