US Market 04 Jul 2020

US market consolidating for 3 weeks except for Nasdaq created a historic high.

Dollar Index broke lhf and closed lower.

BDI climb higher for another week to 1,894 (03 Jul) from 1,749 (27 Jun)

Harpex continues to recover to 431.79 (26 Jun) from 418.96 (19 Jun)

There will be no update on COT this week due to delay release date due to a Federal holiday.

There is not a lot of important data releasing this week.

Dow

Daily UT, Weekly DT
Potential resistance around 25,784, 26,245, 26,627, 26,976, 27,350, 28,195

Potential support around 25,337, 24,837, 24,170, 23,567, 23,435, 23,175, 22,776

S&P
Daily UT, Weekly UT

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

Potential support around 3,022, 3,072, 2,983, 2,940, 2,874, 2,854, 2,825, 2,814,  2,786

Nasdaq
Daily UT, Weekly UT

Potential resistance around 10,595, 11,318

Potential support around 10,206, 9,873, 9,723, 9,243, 8,781, 8,428, 8,196, 8,002, 7,859, 7,706

Russell
Daily UT, Weekly DT
Potential resistance around 1,451, 1,508, 1,519, 1,543, 1,585, 1,609

Potential support around 1,420, 1,388, 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)

06 Jul, Mon

• 1630 UK Construction PMI (Jun)
• 2200 US ISM Non-Manufacturing PMI (Jun)

07 Jul, Tue

• 1230 Australia RBA Interest Rate Decision (Jul)
• 1230 Australia RBA Rate Statement  
• 2200 US JOLTs Job Openings (May)
• 2200 Canada Ivey PMI (Jun)

08 Jul, Wed

• 2230 US Crude Oil Inventories 

09 Jul, Thu

• 0930 China Consumer Price Index (YoY)
• 2030 US Initial Jobless Claims

10 Jul, Fri

• 2030 US PPI (MoM) (Jun)
• 2030 Canada Employment Change (Jun)