Sunday, August 20, 2017

Commodities Update - 19 Aug 17

BDI broke 1,000 mark from 933 (28 Jul) to 1260 (18 Aug)
Harpex continue to go higher from 470.25 (22 Jul) to 486.66 (12 Aug)

Summary
Most commodities closed lower.

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

  • Sugar (1)
  • Cocoa (1)
Neutral
  • Natural Gas (1)
Up Trend
  • Orange Juice

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

  • Rough Rice
Neutral
  • Oats
  • Gold
Down Trend
  • Feeder Cattle

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






No comments:

Post a Comment