Dollar index slumped

On the weekly chart, Dollar Index slumped down and closed with a -roc inside day.
Resistance at 98.7, TLU1, 99.8, 100.3, 102.3
Support at TLU4, 97.3, TLD1, 96.3, 95.0, 94.0, 93.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 28 Mar 2020

BDI closed lower from 625 (20 Mar) to 556 (27 Mar)
Harpex lower for another week, from 638.14 (13 Mar) to 631.58 (20 Mar)

COT 

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

• Corn
• Crude
• Natural Gas (1)
• Feeder Cattle (1)
• Copper
• Palladium (1)
• Lumber
• Cotton

Neutral

• None

Up Trend

• None

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 Market 28 Mar 2020

On the weekly chart, the US market closed higher with a +roc outside day.

Both BDI and Harpex closed lower.

Dollar index slumped.

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

• None

Neutral 

• None

DT 

• Dow (1)
• S&P
• Russell 

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 

CFD price charts

Dow

Daily DT, Weekly DT
Potential resistance around 21,659, 22,027, 22,121, 22,776, 23,175

Potential support around 21,099, 20,756, 118,669, 18,557, 18,367, 18,017, 17,079, 16,328, 15,778

S&P
Daily DT, Weekly DT

Potential resistance around 2,551, 2,593, 2,710, 2,747, 2,786, 2,814

Potential support around 2,506, 2,480, 2,450, 2,406, 2,392, 2,366, 2,187, 2161

Nasdaq
Daily DT, Weekly Neutral

Potential resistance around 7,706, 7,859, 8,002, 8,196, 8,428, 8,781, 9,243

Potential support around 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

Russell
Daily DT, Weekly DT
Potential resistance around 1,137, 1,164, 1,185, 1,213, 1,240, 1,296, 1,341, 1,388, 1,420

Potential support around 998, 951, 900, 866, 740

Key event to watch out  (SG Time, GMT+8)

30 Mar, Mon

• 2000 German Harmonized Index of Consumer Prices (YoY)
• 2200 US Pending Home Sales (MoM) (Feb)

31 Mar, Tue

• 0900 China Manufacturing PMI (Mar)
• 1400 UK GDP (YoY) (Q4)
• 1555 German Unemployment Change (Mar)
• 1700 Europe CPI (YoY) (Mar)  
• 2030 Canada GDP (MoM) (Jan)
• 2200 US CB Consumer Confidence (Mar) 

01 Apr, Wed

• 0750 Japan Tankan Large Manufacturers Index (Q1)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q1)
• 0945 China Caixin Manufacturing PMI (Mar) 
• 1555 German Manufacturing PMI (Mar)
• 1630 UK Manufacturing PMI (Mar)
• 2015 US ADP Nonfarm Employment Change (Mar)
• 2200 US ISM Manufacturing PMI (Mar)
• 2230 US Crude Oil Inventories 

02 Apr, Thu

• 2030 US Trade Balance
• 2030 US Initial Jobless Claims 

03 Apr, Fri

• 0830 Australia Retail Sales (MoM) (Feb)
• 1630 UK Composite PMI (Mar)
• 1630 UK Services PMI (Mar)
• 2030 US Nonfarm Payrolls (Mar)
• 2030 US Unemployment Rate (Mar)
• 2200 US ISM Non-Manufacturing PMI (Mar)

Dollar Index rallied

Dollar Index rallied and closed at the high since the Year 2003.
Resistance at 106.7, 109.7
Support at 102.3, 100.3, 99.8, TLU1, 98.7

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 21 Mar 2020

BDI closed lower from 631 (13 Mar) to 625 (20 Mar)
Harpex closed lower from 651.26 (06 Mar) to 638.14 (13 Mar)

COT 

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

• Crude
• Natural Gas (1)
• Heating Oil
• Feeder Cattle (1)
• Copper
• Palladium (1)
• Lumber

Neutral

• Orange Juice

Up Trend

• None

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 Market 21 Mar 2020

US market continues to slump. 
Dow broke the year 2017 low.
S&P testing the year 2017 low.
Nasdaq broke the year 2019 low.
Russell testing year 2016 low.

BDI and Harpex both closed lower.

Dollar Index rallied.

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

• None

Neutral 

• None

DT 

• Dow (1)
• Russell 

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 DT, Weekly Neutral
Potential resistance around 20,756, 21,099, 21,659, 22,027, 22,121, 22,776, 23,175

Potential support around 18,669, 18,557, 18,367, 18,017, 17,079, 16,328, 15,778

S&P
Daily DT, Weekly Neutral

Potential resistance around 2,366, 2,392, 2,406, 2,450, 2,480, 2,506, 2,551, 2,593 

Potential support around 2,187, 2161, 2,081, 2,041, 1,930, 1,806

Nasdaq
Daily DT, Weekly Neutral

Potential resistance around 6,982, 7,134, 7,282, 7,516, 7,706, 7,859, 8,002

Potential support around 6,516, 6,346, 6,261, 6,061, 5,950, 5,538

Russell
Daily DT, Weekly DT
Potential resistance around 1,009, 1,049, 1,082, 1,095, 1,114, 1,137, 1,164, 1,185, 1,213

Potential support around 998, 951, 900, 866, 740

Key event to watch out  (SG Time, GMT+8)

23 Mar, Mon

• No important data

24 Mar, Tue

• 1630 German Manufacturing PMI (Mar)  
• 1700 Europe Markit PMI Composite
• 1730 UK Composite PMI  
• 1730 UK Manufacturing PMI  
• 1730 UK Services PMI  
• 2200 US New Home Sales (Feb)

25 Mar, Wed

• 0900 New Zealand RBNZ Rate Statement
• 0900 New Zealand RBNZ Interest Rate Decision
• 1700 German Ifo Business Climate Index (Mar)
• 1730 UK CPI (YoY) (Feb)
• 2030 US Durable Goods Orders
• 2230 US Crude Oil Inventories 

26 Mar, Thu

• 1730 UK Retail Sales (MoM) (Feb)
• 2000 UK BoE MPC Meeting Minutes  
• 2000 UK BoE Interest Rate Decision
• 2030 US GDP (QoQ) (Q4)
• 2030 US Goods Trade Balance

27 Mar, Fri

• 0730 Japan Tokyo CPI ex Fresh Food (YoY)
• 2300 US Michigan Consumer Sentiment Index