Commodities Update 12 May 18

BDI climbed higher to 1472 (11 May) from 1384 (4 May)
Harpex edged higher 653.64 (05 May) from 652.45 (28 Apr)

COT 

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

• Sugar (1)
• Soybean Oil
• Platinum

Neutral

• Silver

Up Trend

• Natural Gas (1)
• Crude (1)

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

• Corn
• Cocoa
• Cotton
• Rough Rice
• Gasoline
• Lumber

Neutral

• Soybean Meal

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

Mar 2018 posted on Monitoring Coffee and Orange

Coffee continues to pull back.  It must not break recent low to continue the positive sentiment.

Orange juice tested and closed above the 2nd resistance level.