Sunday, November 30, 2014

Commodities Update - 29 Nov 14

BDI went accelerate lower from 1324 (21 Nov) to 1153 (28 Nov).

Summary

Most commodities are trading lower this week except for some, do monitor them for possible potential upside

Trade I am in are

  •  Corn (Entry on 20 & 25 Nov)
  •  Wheat (Entry on 21 & 25 Nov)
  •  Palladium (Entry on 26 Nov)
  •  Cotton (Entry on 26 Nov)
   
Closed Trade

  • Sugar Raw (Entry on 19 Nov, Took partial on 25 Nov)
  • Sugar Raw (Entry on 19 Nov, Closed on 28 Nov)
  • Soybean meal (Entry on 21 Nov, Took partial on 25 Nov)
  • Soybean meal (Entry on 21 Nov, Closed on 28 Nov)
  • Natural Gas (Entry on 25 Nov, Closed with small loss on 27 Nov)
  • Coffee Robusta (Entry on 24 Nov, Closed with small profit on 28 Nov)
  
I may consider to trade if there is a long signal on the following:

  • UT
    • Natural Gas, Coffee Arabica, Coffee Robusta (2), Soybean Meal, Corn, Wheat, Feeder Cattle
  • Neutral
    • Orange Juice
  • DT
    • Rough Rice, Palladium,  Lumber, Cotton

COT
Due to Thankgiving holiday, COT data will be delayed
Down Trend and Up Trend is based on 50 Simple Moving Average
 




 

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