Sunday, August 26, 2018

Dollar Index tested 95.0 support

After testing 96.3 resistance last week to close with a -roc on the weekly chart, it continues to test 96.3 once again this week.  Failed to overcome, it slumped down to test 95.0 support. recovered to close above 95.0 support.
Resistance at 96.3, 97.3, 98.7
Support at 95.0, TLU1 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 25 Aug 18

BDI move lower from 1723 (17 Aug) to 1697 (24 Aug)
Harpex continue to move down from 584.17 (10 Aug) to 582.97 (17 Aug)

COT 
Download Commodities COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
  • Coffee (1)
  • Sugar (1)
  • Soybean Oil (1)
  • Gold
  • Silver
  • Palladium
  • Platinum (1)
Neutral
  • Natural Gas
Up Trend
  • Crude

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

US Markets 25 Aug 18

US markets closed higher.  S&P, Nasdaq and Russell created the historic high.

BDI and Harpex moved lower.

Dollar index tested 95.0 support and closed above it.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT 

  • Nasdaq
Neutral 
  • None
DT 
  • None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT 

  • None
Neutral 
  • None
DT 
  • 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



Dow
Daily UT, Weekly UT
Potential resistance around
26,627, 26,976, 19,106
Potential support around 25,784, 25,649, 25,336, 24,481, 24,170, 23,567

S&P
Daily UT, Weekly UT
Potential resistance around 2,983, 3,219
Potential support around 2,874, 2,863, 2,825, 2,814, 2,786, 2,748, 2,710, 2,593

Nasdaq
Daily 
UT, Weekly UT
Potential resistance around 7,516, TLU7, 7,706
Potential support around 7,282, 7,134, 6,982, TLU6, 6,857, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around
TLU3, 
1,779
Potential support around 1,708, 1,683, 1,624, 1,609, 1,585, 1,543, 1,519


Key event to watch out  (SG Time)
27 Aug, Mon
  • UK holiday
  • 1600 German Ifo Business Climate Index  
28 Aug, Tue
  • 1800 UK Inflation Report Hearings
  • 2030 US Advance Goods Trade Balance (JUL)
  • 2200 US CB Consumer Confidence (Aug)
29 Aug, Wed
  • 2030 US GDP (QoQ) (Q2)
  • 2200 US Pending Home Sales (MoM) (Jul) 
  • 2230 US Crude Oil Inventories
30 Aug, Thu
  • 1555 German Unemployment Change (Aug)
  • 2030 Canada GDP (MoM) (Jun)
31 Aug, Fri
  • 0900 China Manufacturing PMI (Aug)
  • 1700 Europe CPI (YoY) (Jul)
  • 2200 US Michigan Consumer Sentiment Index

Sunday, August 19, 2018

No update of blog for this week

Due to work commitment, I will not be updating my blog for this week.

BDI rebounded 1691 (10 Aug) to 1723 (17 Aug)
Harpex down from 594.60 (03 Aug) to 584.17 (10 Aug)
Watch out for 23 Aug 0200 Hrs (SGT) FOMC Meeting Minutes

Here are the COT charts 


Monday, August 13, 2018

Dollar Index broke out

After consolidating for 11 weeks, Dollar index broke out and closed at 96.19 level.
Resistance at 96.3, 97.3, 98.7
Support at 95.0 94.0, 93.0, TLD3, 92.0, 90.6

Due to my PC broke down, chart on US dollar Index is not available till further notice.


COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 11 Aug 18

BDI lower from 1773 (03 Aug) to 1691 (10 Aug)
Harpex continues to pull back back from 613.09 (27 Jun) to 594.60 (03 Aug)

COT 
Download Commodities COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
  • Coffee (1)
  • Sugar
  • Soybean Oil (1)
  • Gold
  • Silver
  • Palladium
  • Platinum (1)
Neutral
  • Natural Gas
Up Trend
  • Crude

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

US Markets 11 Aug 18

On the weekly chart, US markets broke pwh, gains were trimmed and closed mixed.

BDI and Harpex closed lower.

Dollar Index broke out.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT 

  • Nasdaq
Neutral 
  • None
DT 
  • None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT 

  • None
Neutral 
  • None
DT 
  • 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






Dow
Daily UT, Weekly UT
Potential resistance around 25,649, 
25,784, 26,627, 26,976
Potential support around 25,336, 24,481, 24,170, 23,567, 23,435, 23,175, 22,776

S&P
Daily UT, Weekly UT
Potential resistance around 2,863, 2,874
Potential support around 2,825, 2,814, 2,786, 2,748, 2,710, 2,593, TLD1, 2,551, TLU1, 2,506

Nasdaq
Daily 
UT, Weekly UT
Potential resistance around 7,516, TLU7, 7,706
Potential support around 7,282, 7,134, 6,982, TLU6, 6,857, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around 1,708, 
TLU3, 1,649
, 1,779
Potential support around 1,683, 1,624, 1,609, 1,585, 1,543, 1,519, 1,508, 1,494, TLD1, 1,451


Key event to watch out  (SG Time)
13 Aug, Mon
  • No important data
14 Aug, Tue
  • 1000 China Industrial Production (YoY) (Jul) 
  • 1400 German Harmonized Index of Consumer Prices (YoY)
  • 1400 German GDP (QoQ) (Q2)
  • 1630 UK Average Earnings Index +Bonus (Jun)
  • 1700 German ZEW Economic Sentiment (Aug)
  • 1700 Europe Gross Domestic Product s.a.
15 Aug, Wed
  • 1630 UK CPI (YoY) (Jul)
  • 2030 US Core Retail Sales (MoM) (Jul) 
  • 2030 US Retail Sales (MoM) (Jul) 
  • 2230 US Crude Oil Inventories
16 Aug, Thu
  • 0930 Australia Employment Change (Jul) 
  • 1630 UK Retail Sales (MoM) (Jul) 
  • 2030 US Building Permits (Jul)
  • 2030 US Philadelphia Fed Manufacturing Index (Aug) 
17 Aug, Fri
  • 1700 Europe CPI (YoY) (Jul)
  • 2030 Canada Core CPI (MoM) (Jul)

Sunday, August 5, 2018

Dollar Index consolidating

This is the 11th week that Dollar Index consolidating between 93.1 and 95.2.
Resistance at 96.3, 97.3, 98.7
Support at 95.0 94.0, 93.0, TLD3, 92.0, 90.6

Due to my PC broke down, chart on US dollar Index is not available till further notice.

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 04 Aug 18

BDI rebounded to 1773 (03 Aug) from 1676 (27 Jul)
Harpex pull back to 613.09 (27 Jun) from 628.60 (20 Jul)

COT 
Download Commodities COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
  • Coffee (1)
  • Sugar
  • Soybean Oil (1)
  • Natural Gas
  • Gold
  • Silver
  • Palladium
  • Platinum (1)
Neutral
  • Crude
Up Trend
  • None

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

US Markets 04 Aug 18

US markets closed higher.  On the weekly chart, Dow and S&P  closed with an inside day.  Nasdaq and Russell broke pwl and recovered with a +roc.

BDI recovered but Harpex continues to close lower.

This is the 11th week that Dollar Index consolidating.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT 

  • Nasdaq
Neutral 
  • None
DT 
  • None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT 

  • None
Neutral 
  • None
DT 
  • 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




Dow
Daily UT, Weekly UT
Potential resistance around 25,589, 
25,784, 26,627, 26,976
Potential support around 25,336, 24,481, 24,170, 23,567, 23,435, 23,175, 22,776

S&P
Daily UT, Weekly UT
Potential resistance around 2,874
Potential support around 2,825, 2,814, 2,786, 2,748, 2,710, 2,593, TLD1, 2,551, TLU1, 2,506

Nasdaq
Daily 
UT, Weekly UT
Potential resistance around 7,516, TLU7, 7,706
Potential support around 7,282, 7,134, 6,982, TLU6, 6,857, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around 1,683, 1,708, 
TLU3, 1,649
, 1,779
Potential support around 1,624, 1,609, 1,585, 1,543, 1,519, 1,508, 1,494, TLD1, 1,451


Key event to watch out  (SG Time)
06 Aug, Mon
  • No important data
07 Aug, Tue
  • 1230 Australia RBA Interest Rate Decision (Aug) 
  • 1230 Australia RBA Rate Statement
  • 2200 US JOLTs Job Openings (Jun)
  • 2200 Canada Ivey PMI (Jul)
08 Aug, Wed
  • 2230 US Crude Oil Inventories
09 Aug, Thu
  • Singapore Holiday
  • 2030 US PPI (MoM) (Jul)
10 Aug, Fri
  • 0750 Japan GDP (QoQ) (Q2)
  • 1630 UK GDP (YoY) (Q2)
  • 1630 UK Manufacturing Production (MoM) (Jun) 
  • 2030 US Core CPI (MoM) (Jul)
  • 2030 Canada Employment Change (Jul)