Dollar Index closed at 2 years high

Dollar Index broke and closed above 97.3 resistance.  Highest since 2018.
Resistance at 98.7, TLU1, 99.8
Support at 97.3, 96.3, 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 27 Apr 19

BDI continue to close higher, from 790 (18 Apr) to 889 (26 Apr)
Harpex continue to close higher, from 581.48 (12 Apr) to 585.06 (19 Apr)

COT 

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

• Coffee
• Orange Juice
• Corn (1) 
• Soybeans (1) 
• Soybean Meal
• Soybean Oil
• Wheat
• Rough Rice
• Natural Gas (1) 
• Gold (1) 
• Silver
• Lumber

Neutral

• None

Up Trend

• Crude
• Heating Oil (1) 

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

• None

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 27 Apr 19

US markets closed higher.  S&P and Nasdaq closed at historic high.  Dow closed with a small +roc.

Harpex and BDI closed higher for another week.

Dollar Index closed higher

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

• Nasdaq (1)

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, 29,106

Potential support around 26,245, 25,784, 25,645, 25,326, 24,837, 24,170, 23,567, 23,435

S&P
Daily UT, Weekly UT

Potential resistance around 2,940, 2,983, 3,219

Potential support around 2,874, 2,825, 2,814, 2,786, 2,747, 2,710, 2,593 2,551, 2,506

Nasdaq
Daily UT, Weekly UT

Potential resistance around 8,428

Potential support around 7,706, 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around 1,624, 1,683, 1,708

Potential support around 1,609, 1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time)
29 Apr, Mon

• Japan holiday
• 1610 UK BoE Gov Carney Speaks

30 Apr, Tue

• Japan holiday
• 0900 China Manufacturing PMI (Apr) 
• 0945 China Caixin Manufacturing PMI (Apr) 
• 1555 German Unemployment Change (Apr)
• 1700 Europe Gross Domestic Product
• 2030 Canada GDP (MoM) (Feb)
• 2200 US CB Consumer Confidence (Apr) 
• 2200 US Pending Home Sales (MoM) (Mar)
• 2300 Canada BoC's Governor Poloz speech

01 May, Wed

• Japan, Singapore, Hong Kong and most Europe holiday
• 0645 New Zealand Employment Change (QoQ) (Q1)
• 1630 UK Manufacturing PMI (Apr)
• 2015 US ADP Nonfarm Employment Change (Apr)
• 2200 US ISM Manufacturing PMI (Apr) 
• 2230 US Crude Oil Inventories 

02 May, Thu

• China and Japan holiday
• 0200 US FOMC Statement  
• 0200 US Fed Interest Rate Decision 
• 0230 US FOMC Press Conference  
• 0945 China Caixin Manufacturing PMI (Apr)
• 1555 German Manufacturing PMI (Apr)
• 1630 UK German Manufacturing PMI (Apr)
• 1900 UK BoE Interest Rate Decision (May)
• 1930 UK BoE Gov Carney Speaks 

03 May, Fri

• Japan holiday
• 1630 UK Services PMI (Apr)
• 1700 Europe CPI (YoY) (Apr)  
• 2030 US Nonfarm Payrolls (Apr)
• 2030 US Unemployment Rate (Apr)
• 2200 US ISM Non-Manufacturing PMI (Apr)

Dollar Index closed higher

On the weekly chart, Dollar Index broke lhf and closed higher almost testing 97.3 level.
Resistance at 97.3, 98.7, TLU1, 99.8
Support at 96.3, 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 20 Apr 19

BDI closed higher from 726 (12 Apr) to 790 (18 Apr)
Harpex continue to close higher, from 576.11 (05 Apr) to 581.48 (12 Apr)

COT 

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

• Coffee
• Orange Juice
• Corn (1) 
• Soybeans
• Soybean Meal
• Soybean Oil
• Wheat
• Rough Rice
• Natural Gas
• Gold
• Lumber

Neutral

• Sugar

Up Trend

• Crude
• Heating Oil (1) 

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

• None

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 20 Apr 19

US markets closed mixed.  Dow and Nasdaq closed with a+roc while S&P and Russell closed with a -roc.

Harpex and BDI closed higher.

Dollar Index closed higher.

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

• Nasdaq (1)

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, 29,106

Potential support around 26,245, 25,784, 25,645, 25,326, 24,837, 24,170, 23,567, 23,435

S&P
Daily UT, Weekly UT

Potential resistance around 2,940, 2,983, 3,219

Potential support around 2,874, 2,825, 2,814, 2,786, 2,747, 2,710, 2,593 2,551, 2,506

Nasdaq
Daily UT, Weekly UT

Potential resistance around  7,706, 8,428

Potential support around 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around  1,585, 1,609, 1,624, 1,683, 1,708

Potential support around 1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time)
22 Apr, Mon

• Australia, New Zealand, HK and most of the Europe holiday
• 2200 US Existing Home Sales (Mar)

23 Apr, Tue

• 2200 US New Home Sales (Mar)

24 Apr, Wed

• 0930 Australia CPI (QoQ) (Q1)
• 1600 German Ifo Business Climate Index 
• 2200 Canada BoC Monetary Policy Report  
• 2200 Canada BoC Interest Rate Decision 
• 2215 Canada BOC Press Conference 
• 2230 US Crude Oil Inventories 

25 Apr, Thu

• Australia and New Zealand holiday
• 1000 Japan BoJ Monetary Policy Statement
• 1000 Japan BoJ Outlook Report (YoY)  
• 1400 Japan BoJ Press Conference  
• 2030 US Core Durable Goods Orders (MoM) (Mar)

26 Apr, Fri

• 0930 Australia Producer Price Index
• 2030 US GDP (QoQ) (Q1)
• 2200 US Michigan Consumer Sentiment Index

Dollar Index closed lower

On the weekly chart, Dollar Index broke hlf and closed lower.
Resistance at 97.3, 98.7, TLU1, 99.8
Support at 96.3, 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Potential trade to monitor

• a) GBPUSD - Movement getting smaller for 5 weeks, possible of big movement breakout.  

• b) USDSGD - Trading sideways since end of Jan.  Trade within the range follow by break out if any.

Commodities Update 13 Apr 19

BDI closed higher from 711 (05 Apr) to 726 (12 Apr)
Harpex closed higher from 565.61 (29 Mar) to 576.11 (05 Apr)

COT 

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

• Coffee
• Orange Juice
• Corn (1) 
• Soybeans
• Soybean Meal
• Soybean Oil
• Wheat
• Rough Rice
• Natural Gas
• Gold
• Lumber

Neutral

• Sugar

Up Trend

• Crude
• Heating Oil (1) 

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

• None

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