Sunday, May 28, 2017

Commodities Update - 27 May 17

BDI continue to pull back and closed the week at 912 (26 May) from 956 (19 May)
Harpex pull back from 533.17 (13 May) to 500.37 (20 May)

Summary
Energy closed lower, Metals closed higher, the rest closed mixed.

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

  • Cocoa (1)
  • Sugar
  • Coffee
  • Soybeans
Neutral
  • Soybean Oil
Up Trend
  • Corn (1)
  • Gasoline (1)
  • Natural Gas

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

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








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