investors intelligence
Generating first rate investment advice since 1947
Sample Research


Click here if you are unable to view the charts in this report

Commodities Daily Hotline
17 August 2015                             By Cornelia Dichio, Analyst
Chart of the day: OJ builds further support


The Orange Juice instrument is ranging this month after the rally from the medium-term base became overbought.  This consolidation phase is likely to be resolved to the upside and we watch to buy on a break over the early-August high at 134.5.  The initial target is 140, with the possibility of a retest of the January high at 146.65 after that.

Daily Comment:


Also in the Softs sector, Cotton's surging recovery from a new contract low is fast approaching prior resistance near 68.  Given the upward dynamic from the new floor at 61.2, one would expect bulls to ultimately push higher.  We watch events with a view to purchasing at some point.

In Grains, Corn has failed to maintain the break under the October-June floor.  A drop beneath the new low at 357.5 would be required to offset scope for an additional 'bear trap' recovery towards resistance at the 50 and 200-day MAs near 400. 

US Wheat issues have also steadied in recent sessions.  The Kansas City Wheat instrument shown here has bounced from the recent oversold contract low towards initial resistance at 511.25.

On the other hand, the Rapeseed chart shows the price extending the short-term downtrend.  That said, there is potential support nearby from former resistance at the March/April highs at 367; near the 200-day MA.

In the Industrial Metals sector, Zinc has paused its decline, which had become oversold.  Also, support has been encountered at 1730, which is near the 2011 floor at 1718.5.  A breach of that platform would be needed to offset scope for some further recovery.

The CRB Index has dipped under 2008 support near 200.  The RSI remains close to oversold levels, so a counter move upwards is possible over the short term.  This 15-year chart displays next important support to be at the January 2002 floor at 143.97.

Gainers / Losers
Top 5 Gains.
SymbolStockClose% Change
LMSNDS03Tin HG LME 3 Months15450+3.0%
HOGSLean Hogs0.718+2.4%
SBV5Sugar NYBOT (October 2015)10.68+1.8%
Top 5 Losses.
SymbolStockClose% Change
LH1Lean Hogs CME 1st Month Continuation65.325-17.0%
S 1Soybeans CBT 1st Month Continuation925.25-6.8%
SM1Soybean Meal CBT 1st Month Continuation325.2-5.5%
LH2Lean Hogs CME (cont)61.95-4.8%
SM2Soybean Meal CBT (cont)317-4.2%
The Commodities Model Portfolio
  • We watch to buy Cotton and OJ (Chart of the Day).
Daily Analysis

Symbol Name Comment Close 1 day Support Resistance
CRYCRB Index NYFERenews the decline towards important support at the Jan 2002 floor (143.97).197.969+0.1% 143.97/174.35/194.4206.578/202.452
CLU5Crude Oil NYME (September 15)new lows42.5+0.6% /64.45/54.35
XBU5Gasoline RBOB NYME (September15)Retraces the recent rally from oversold.168.69-1.6% 160.48208.66/177.25
HOU5Heating Oil NYME (September 15)holds at recent lows155.79-0.7% /207.97/177.64
NGU5Natural Gas NYME (September 15)Ranging above the Apr-Jun floor in potential base extension phase.2.801+0.5% 2.5893.163
QZU5Coal (September 15)Holds at 50-day MA.42.880.00% 41.0351.6
GCV5Gold CMX (Oct 15)Rally from the oversold contract low slows.1112.4-0.3% 1072.81205.5
PAU5Palladium NYME (Sep 15)attempts to rally from recent lows617.5+0.3% 595667.6/641.5
PLV5Platinum NYME (October 15)begins to correct from recent lows994-0.1% 946.31097.2/1041.4
SIU5Silver CMX (September 2015)Counter move from oversold stalls.15.213-1.2% 14.3315.9/15.585
LMAHDS03Aluminium HG LME 3mHolds the decline towards the important 2009 floor (1279).1580.5+0.4% 1279/1350/13851669/1625
LMCADS03Copper Grade A LME 3mHolds the downtrend.5165-0.4% 4710/5000?5722.5/5398
LMPBDS03Lead LME 3 MonthsFinds support at 1,7001750+0.5% 1535/1676.52009/1881
LMNIDS03Nickel LME 3 MonthsHolds the downtrend.10600+1.4% 885011980/11275
LMSNDS03Tin HG LME 3 MonthsPossibly consolidating the July recovery.15450+3.0% 13365/1460016600
LMZSDS03Zinc Special HG LME 3 MonthsPauses the oversold fall. Finds support near the Oct 2011 floor (1718.5).1829-0.1% 1718.5/17302191/2117.5
FCU5Feeder Cattle CME (September 2015)rallies into short term downtrend at 212209.525-0.4% 196.025/205.15219.3/214.975
LCV5Live Cattle CME (Oct 15)encounters 50/200-day resistance146.85-0.7% 141.275156.15
LHV5Lean Hogs CME (Oct 15)Potential base extension.65.325+0.4% 59.4574.45/67.7
C Z5Corn CBT (December 15)'Bear trap' recovery follows failed break under the Oct-June floor.375.5+0.1% 357.5402
O Z5Oats CBT (December 15)Ranging near the oversold Jul low.239.50.00% 233.5283.5/253
IJX5Rapeseed LIFFE (November 15)S-t downtrend forms.371.25-1.1% 329.5397.5/387.5
S X5Soybeans CBT (November 15)Dives to the June floor, which holds.916.5-1.1% 895.751045/996.5
SMZ5Soybean Meal CBT (December 2015)Crashes out of the s-t top.314.2-1.8% 286357.7/344
BOZ5Soybean Oil CBT (December 2015)Fall becomes oversold.29.4+0.3% /32.73/31.14
W U5Wheat CBT (September 2015)Fall from the 50-day MA reverses, finding support near the contract lows.506.5+0.6% 469.25618/530
QKX5Wheat LIFFE (November 2015)reverses rally from may lows117.85-0.3% 120.75/122?136.5/125.5
CCU5Cocoa NYBOT (September 2015)tests support at its 200-day MA3039-0.1% 30463386
KCU5Coffee NYBOT (September 2015)breaks its 50-day MA137.5+0.3% /137.8/132.5
CTZ5Cotton (December 2015)Surging recovery from the bottom of the range.65.95+0.2% 61.268.11
LBU5Lumber CME (September 2015)Oversold retreat from resistance at the 200-day MA slows.252.7-1.3% 241.8305.5/275
JOU5Orange Juice (September 2015)Overbought rally yields to ranging.132.05+0.8% 108.95/115.8140.05/134.5
SBV5Sugar NYBOT (October 2015)Oversold fall shows a minor loss of momentum.10.68+1.8% /13.9/12.8

Recommend a friend! Tell your friends to mention your name when subscribing to Investors Intelligence, and get a months free access to a service of your choice! For more information, email

Also available online at Unauthorized forwarding, copying or reproduction of this report will be treated as a breach of copyright. To subscribe, visit the website or contact Investors Intelligence on +44 (0)20 7352 4001 or email

This report has been produced and compiled by Investors Intelligence, a division of Stockcube Research Limited which is authorised and regulated by the Financial Conduct Authority. It is distributed by Stockcube and is provided for information purposes only. Under no circumstances is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. While all reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of publication, we make no representation as to its accuracy or completeness and it should not be relied upon as such. From time to time Stockcube and any of its officers or employees may, to the extent permitted by law, have a position or otherwise be interested in any transactions, in any investments (including derivatives) directly or indirectly the subject of this report. Also Stockcube may from time to time perform other services (including acting as adviser or manager) for any company mentioned in this report. The value of securities can go down as well as up, and you may not get back the full amount you originally invested. Derivatives in particular are high risk, high reward investment instruments and an investor may lose some or all of his/her original investment. If you make an investment in securities that are denominated in a currency other than that of GB Pounds you are warned that changes in rates of foreign exchange may have an adverse effect on the value, price or income of the investment. The investments referred to herein may not be suitable investments for all persons accessing these pages. You should carefully consider whether all or any of these are suitable investments for you and if in any doubt consult an independent adviser. This report is prepared solely for the information of clients of Stockcube who are expected to make their own investment decisions without reliance on this report. Neither Stockcube nor any officer of Stockcube accepts any liability whatsoever for any direct and consequential loss arising from use of this report or its contents. This report may not be reproduced, distributed or published by any recipient for any purpose without the prior express consent of Stockcube.

Copyright 2015 by Stockcube Research Ltd.

Subscribe here: