Monday, August 10, 2015

Commodities Update - 08 Aug 15

BDI closed at 1200 (07 Aug) from 1131 (31 Jul)

Summary
Grains continue to closed mixed while Energy and metals closed lower.

COT
Instruments that show buying interest
(3) by Producer/Merchant/Processor/User
Down Trend

  • Sugar 
  • Coffee Arabica (1)
  • Oats (1)
  • Gasoline
  • Copper
  • Gold
  • Silver (1)
  • Palladium (1)
  • Platinum
Neutral
  • Lumber
Up Trend
  • None

Instruments that show selling interest at extreme
(2) only by Producer/Merchant/Processor/User
Up Trend

  • Soybean Meal
Neutral
  • None
Down Trend
  • Feeder Cattle


Note
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT

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






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