Commodities Update - 06 Aug 16

BDI continue to lower from 656 (29 Jul) to 636 (05 Aug)
No sign of recovery, Harpex lower from 345.90 (23 Jul) to 345.07 (30 Jul)

Summary
Commodities closed mixed.  Energy, coffee and sugar closed higher while metals and grains closed lower.

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

• Wheat (1)

Neutral

• None

Up Trend 

• Cocoa
• Natural Gas

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

• Silver
• Cotton

Neutral 

• None

Down Trend 

• Soybean Meal

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