Sunday, December 4, 2016

Commodities Update - 03 Dec 16

BDI edge higher to 1198 (02 Dec) from 1181 (25 Nov)
Harpex edge lower to 316.07 (26 Nov) to 316.49 (19 Nov)

Summary
Energy closed higher, soft commodities closed lower while the rest are mixed

COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
  • Cocoa
Neutral
  • Rough Rice
Up Trend
  • Natural Gas


Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend
  • Crude
  • Copper
Neutral
  • Cotton
Down Trend
  • Coffee

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
Down Trend and Up Trend is based on 50 Simple Moving Average 







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