Commodities Update - 14 May 16

BDI retraced to 600 (13 May) from 631 (06 May)
Harpex edge higher for another week at 359.98 (07 May) from 358.74 (30 Apr)

Summary
Most commodities closed higher while metals lower

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

• None

Neutral

• None

Up Trend 

• Oats
• Wheat
• Natural Gas
• Palladium (1)

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

• Sugar
• Soybeans
• Soybean Meal
• Lumber
• 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