Sunday, April 30, 2017

Commodities Update - 29 Apr 17

BDI lower to 1109 (28 Apr)  from 1195 (21 Apr)
Harpex closed higher at 522.14 (22 Apr) from 516.77 (15 Apr)

Summary
Commodities closed mixed this week.

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

  • Wheat
  • Corn (1)
  • Soybeans
  • Cocoa (1)
  • Soybean Oil
  • Coffee
  • Sugar
Neutral
  • None
Up Trend
  • Natural Gas

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

  • Feeder Cattle
Neutral
  • Silver
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
Down Trend and Up Trend is based on 50 Simple Moving Average 






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