Commodities Update - 21 May 16

BDI rose from 600 (13 May) to 625 (20 May)
No change on Harpex at 359.98 (14 May)

Summary
Metals continue to close lower, Energy clsoed higher while soft commodities are mixed.

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

• Copper

Neutral

• Wheat
• Palladium

Up Trend 

• Oats
• Natural Gas (1)

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

• Sugar
• Soybeans
• Soybean Meal
• Lumber
• Heating Oil
• 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