Commodities Update - 23 Jan 16

BDI slide again from 373 (15 Jan) to 354 (22 Jan)

Summary
Most commodities rebound and closed higher except for Coffee and Sugar closed much lower.

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

• Coffee Arabica
• Wheat
• Soybean Meal (1)
• Copper (1)
• Palladium (1)
• Platinum (1)
• Lumber

Neutral

• Natural Gas (1)

Up Trend

• None

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

• None

Neutral

• None

Down Trend

• Crude

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