Commodities Update - 23 Apr 16

BDI continue to close higher from 635 (15 Apr) to 688 (22 Apr)
Harpex continue to go lower from 359.98 (09 Apr) to 357.91 (16 Apr)

Summary
Most commodities continue to close higher.

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

• None

Neutral

• Oats
• Wheat
• Natural Gas (1)

Up Trend 

• Cocoa
• Palladium (1)

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

• Soybean Oil
• Crude
• Heating Oil
• Gold
• Silver

Neutral 

• None

Down Trend 

• None

Note
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(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