Dollar Index testing the low

On the weekly chart, the Dollar Index broke pwl and testing the low on the week of 16 Mar

Resistance at 98.7, 99.8, 100.3, TLU1, 102.3, 106.7, 109.7

Support at TLU4, 97.3, TLD1, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 30 May 2020

BDI increased to 504 (29 May) from 498 (22 May)

Harpex slided further, from 491.43 (15 May) to 479.20 (22 May)

COT 

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

• Corn (1)
• Soybean Meal
• Cotton

Neutral

• Natural Gas (1)
• Lumber
• Feeder Cattle
• Wheat
• Soybean Oil

Up Trend

• Oats (1)
• Palladium (1)

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

• Rough Rice

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 30 May 2020

US market closed higher. US market daily trend has further improved from Neutral to Uptrend.

On the weekly chart, Nasdaq closed with a hanging man.

Dollar Index test lower range of the consolidation.

BDI closed higher and Harpex continue to go lower.

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

• Dow (1)
• S&P (1)
• Russell (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 DT
Potential resistance around 25,645, 25,784, 26,245, 26,627, 26,976, 27,350

Potential support around 25,326, 24,837, 24,170, 23,567, 23,435, 23,175

S&P
Daily UT, Weekly Neutral

Potential resistance around 3,072, 3,155, 3,219, 3,303, 3,391, 3,454

Potential support around 3,022, 2,983, 2,940, 2,874, 2,854, 2,825, 2,814,  2,786

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,653, 9,723, 9,873, 10,595

Potential support around 9,243, 8,781, 8,428, 8,196, 8,002, 7,859, 7,706, 7,516

Russell
Daily UT, Weekly DT
Potential resistance around 1,388, 1,420, 1,451, 1,508, 1,519, 1,543, 1,585

Potential support around 1,341, 1,296, 1,287, 1,259, 1,240, 1,213, 1,185, 1,164

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

01 Jun, Mon

• 0945 China Caixin Manufacturing PMI (May) 
• 1555 German Manufacturing PMI (May)
• 1630 UK Manufacturing PMI (May)
• 2200 US ISM Manufacturing PMI (May) 

02 Jun, Tue

• 1230 Australia RBA Interest Rate Decision (Jun)
• 1230 Australia RBA Rate Statement

03 Jun, Wed

• 0930 Australia GDP (QoQ) (Q1)
• 1555 German Unemployment Change (May)
• 1630 UK Composite PMI (May)
• 1630 UK Services PMI (May)
• 1700 Europe Unemployment Rate
• 2015 US ADP Nonfarm Employment Change (May)
• 2200 US ISM Non-Manufacturing PMI (May)
• 2200 Canada BoC Interest Rate Decision 
• 2200 Canada BoC Rate Statement
• 2230 US Crude Oil Inventories 

04 Jun, Thu

• 0930 Australia Retail Sales (MoM) (Apr)
• 0930 Australia Trade Balance
• 1630 UK Construction PMI (May)
• 1945 Europe Deposit Facility Rate (Jun)
• 1945 Europe ECB Interest Rate Decision (Jun)
• 2030 US Initial Jobless Claims 
• 2030 Europe ECB Press Conference  

05 Jun, Fri

• 2030 US Nonfarm Payrolls (May)
• 2030 US Unemployment Rate (May) 
• 2030 Canada Employment Change (May) 
• 2200 Canada Ivey PMI (May)

Consolidation continues

On the weekly chart, the Dollar Index broke hlf and recovered some of the losses.
Dollar Index continues to consolidate.
Resistance at TLU1, 100.3, 102.3, 106.7, 109.7
Support at  99.8, 98.7, TLU4, 97.3, TLD1, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 23 May 2020

BDI increased to 498 (22 May) from 407 (15 May)
Harpex slided again, from 507.83 (08 May) to 491.43 (15 May)

COT 

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

• Corn (1)
• Wheat
• Soybean Oil
• Soybean Meal
• Feeder Cattle
• Lumber
• Cotton

Neutral

• Natural Gas (1)
• Palladium (1)

Up Trend

• Oats (1)

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

• Rough Rice

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 23 May 2020

US market continues to close higher this week.  
Consolidation continues on US market (except for Nasdaq) and Dollar Index.
US market daily trend has improved to Neutral from Downtrend.

Nasdaq next potential target is to cover the gap before testing the historic high

BDI closed higher and Harpex continue to go lower.

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

• None

Neutral 

• Dow (1)
• S&P (1)
• Russell (1)

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 Neutral, Weekly DT
Potential resistance around 24,837, 25,326, 25,645, 25,784, 26,245, 26,627

Potential support around 24,170, 23,567, 23,435, 23,175, 22,776, 22,121

S&P
Daily Neutral, Weekly DT

Potential resistance around 2,983, 3,022, 3,072, 3,155, 3,219, 3,303, 3,391

Potential support around 2,940, 2,874, 2,854, 2,825, 2,814,  2,786, 2,747, 2,710

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,653, 9,723, 9,873, 10,595

Potential support around 9,243, 8,781, 8,428, 8,196, 8,002, 7,859, 7,706, 7,516

Russell
Daily Neutral, Weekly DT
Potential resistance around 1,259, 1,287, 1,296, 1,341, 1,388, 1,420, 1,451, 1,508,

Potential support around 1,341, 1,296, 1,287, 1,259, 1,240, 1,213, 1,185, 1,164

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

25 May, Mon

• Singapore, UK, US Holiday
• 1400 German GDP (QoQ) (Q1)
• 1600 German Ifo Business Climate Index (May)

26 May, Tue

• 0130 Canada BoC's Governor Poloz speech
• 2200 US New Home Sales (Apr)
• 2200 US CB Consumer Confidence (May) 

27 May, Wed

• 2030 Canada Building Permits (MoM)

28 May, Thu

• 2000 German Harmonized Index of Consumer Prices (YoY)
• 2030 US Core Durable Goods Orders (MoM) (Apr)
• 2030 US GDP (QoQ) (Q1)  
• 2030 US Initial Jobless Claims 
• 2200 US Pending Home Sales (MoM) (Apr)
• 2300 US Crude Oil Inventories 

29 May, Fri

• 0730 Japan Tokyo CPI ex Fresh Food (YoY)
• 0750 Japan Industrial Production (YoY)
• 1700 Europe CPI (YoY) (May)  
• 2030 Canada GDP (MoM) 
• 2030 US Goods Trade Balance
• 2200 US Michigan Consumer Sentiment Index

31 May, Sun 

• 0900 China NBS Manufacturing PMI
• 0900 China Non-Manufacturing PMI

Consolidation continues

On the weekly chart, the Dollar Index closed higher.
Dollar Index continues to consolidate.
Resistance at 102.3, 106.7, 109.7
Support at 100.3, TLU1, 99.8, 98.7, TLU4, 97.3, TLD1, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 16 May 2020

BDI decreased from 514 (07 May) to 407 (15 May)
Harpex continue to slide, from 528.70 (01 May) to 507.83 (08 May)

COT 

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

• Corn (1)
• Soybean Oil
• Feeder Cattle
• Palladium (1)
• Lumber
• Cotton

Neutral

• Natural Gas (1)

Up Trend

• Oats

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

• Rough Rice

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 15 May 2020

On the weekly chart, the US market closed lower with a -roc.
Dow, S&P and Russell broke pwl and recovered to trim some of the losses.
Consolidation continues on US market and Dollar Index.

BDI and Harpex continue to go lower.

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

• None

Neutral 

• None

DT 

• Dow (1)
• S&P (1)
• Russell (1)

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 DT
Potential resistance around 24,170, 24,837, 25,326, 25,645, 25,784, 26,245, 26,627

Potential support around 23,567, 23,435, 23,175, 22,776, 22,121, 22,027

S&P
Daily DT, Weekly DT

Potential resistance around 2,874, 2,940, 2,983, 3,022, 3,072, 3,155, 3,219

Potential support around 2,854, 2,825, 2,814,  2,786, 2,747, 2,710, 2,593, 2,551

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,243, 9,653, 9,723, 9,873, 10,595

Potential support around 8,781, 8,428, 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134

Russell
Daily DT, Weekly DT
Potential resistance around 1,259, 1,287, 1,296, 1,341, 1,388, 1,420, 1,451, 1,508,

Potential support around 1,240, 1,213, 1,185, 1,164, 1,137, 1,114, 1,095

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

18 May, Mon

• Canada Holiday
• 0750 Japan GDP (QoQ) (Q1)

19 May, Tue

• 0930 Australia RBA Meeting Minutes  
• 1400 UK Average Earnings Index +Bonus (Mar)
• 1400 UK Claimant Count Change (Apr) 
• 1700 German ZEW Economic Sentiment (May)
• 2030 US Building Permits (Apr)
• 2200 US Fed's Chair Powell testifies

20 May, Wed

• 0930 China PBoC Loan Prime Rate 
• 1400 UK CPI (YoY) (Apr)
• 1700 Europe CPI (YoY) (Apr)
• 1945 Europe ECB Interest Rate Decision
• 1945 Europe ECB Deposit Rate Decision
• 2030 Canada Core CPI (MoM) (Apr) 
• 2230 US Crude Oil Inventories 

21 May, Thu

• Switzerland holiday
• 0200 US FOMC Meeting Minutes 
• 1030 Australia RBA's Governor Lowe speech
• 1530 German Markit Manufacturing PMI
• 1600 Europe Markit PMI Composite
• 1630 UK Composite PMI  
• 1630 UK Manufacturing PMI  
• 1630 UK Services PMI  
• 2030 US Initial Jobless Claims 
• 2030 US Philadelphia Fed Manufacturing Index (May)
• 2200 US Existing Home Sales (Apr)

22 May, Fri

• 0230 US Fed's Chair Powell speech
• 0730 Japan National Consumer Price Index (YoY)
• 1400 UK Retail Sales (MoM) (Apr)
• 1530 German Manufacturing PMI (May)  
• 1930 Europe ECB Monetary Policy Meeting Accounts
• 2030 Canada Core Retail Sales (MoM) (Mar)