Sunday, June 12, 2016

Commodities Update - 11 Jun 16

BDI no change for the week at 610 (10 Jun)
Harpex sharply lower again to 355.84 (04 Jun) from 356.67 (28 May)

Summary
Commodities closed mixed

COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend 
  • Copper
  • Palladium (1)
Neutral
  • None
Up Trend 
  • Cocoa
  • Natural Gas

Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend 
  • Sugar
  • Corn
  • Soybeans
  • Soybean Meal
  • Heating Oil
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






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