Dollar Index closed lower

The dollar index continued to close lower.
Resistance at 103.6, 106.7, TLU2, TLU1, 109.7
Support at 102.3, TLD1, 100.3, 99.8

COT for Dollar Index

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

Weekly chart with 50 SMA

US Markets 25 Nov 23

The US market closed higher. Russell closed with an inside day on the weekly chart.

BDI accelerated higher, from 1,758 (17 Nov) to 2,102 (24 Nov)

Harpex closed lower from 838 (17 Nov) to 832 (24 Nov)

CDFI closed higher from 1,153.41 (17 Nov) to 1,175.71 (24 Nov)

CCFI closed higher from 872.11 (17 Nov) to 876.74 (24 Nov)

The dollar index continued to close lower.

Watch out for

• New Zealand RBNZ Interest Rate Decision
• US and China Manufacturing PMI
• US GDP
• Speech by Fed Chair Powell

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

Dow
Daily UT, Weekly UT
Potential resistance around 35,495, 37,625, 39,754

Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily UT, Weekly UT

Potential resistance around 4,632, 4,867, 5,103

Potential support around 4,396, 4,161, 3,925, 3,690

Nasdaq
Daily UT, Weekly UT

Potential resistance around 16,374, 17,097, 17,819

Potential support around 15,652, 14,930, 14,207, 13,485, 12,762

Russell
Daily DT, Weekly DT
Potential resistance around 1,910, 2,040, 2,170

Potential support around 1,779, 1,649, 1,519, 1,389, 1,259

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

27 Nov, Mon

• 2100 US Building Permits
• 2300 US New Home Sales (Oct)

28 Nov, Tue

• 2300 US CB Consumer Confidence (Nov)

29 Nov, Wed

• 0900 New Zealand RBNZ Interest Rate Decision
• 2100 German CPI (MoM) (Nov)
• 2130 US GDP (QoQ) (Q3)
• 2330 US Crude Oil Inventories

30 Nov, Thu

• 0930 China Manufacturing PMI (Nov)
• 1655 German Unemployment Rate (Nov)
• 1800 Europe Unemployment Rate (Oct)
• 1800 Europe CPI (YoY) (Nov)  
• 2130 Canada GDP Growth Rate QoQ (Q3)
• 2130 US Core PCE Price Index (YoY) (Oct)
• 2130 US Initial Jobless Claims
• 2300 US Pending Home Sales (MoM) (Oct)

01 Dec, Fri

• 0945 China Caixin Manufacturing PMI (Nov)
• 2230 Canada S&P Global Manufacturing PMI (Nov)
• 2230 Canada Unemployment Rate (Nov)
• 2300 US ISM Manufacturing PMI (Nov)

02 Dec, Sat

• 0000 US Fed Chair Powell Speaks

Dollar Index broke consolidation support

The dollar index broke the consolidation support and closed lower.
Resistance at 106.7, TLU2, TLU1, 109.7
Support at 103.6, 102.3, TLD1, 100.3, 99.8

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 18 Nov 2023

BDI continues to close higher after the rebound, from 1,643 (10 Nov) to 1,758 (17 Nov)

Harpex closed lower, from 845 (10 Nov) to 838 (17 Nov)

CDFI continues to close higher after the rebound from 1,107.04 (10 Nov) to 1,153.41 (17 Nov)

CCFI closed lower after the rebound, from 843.77(10 Nov) to 872.11 (17 Nov)

COT     

Download Commodities COT

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

• Wheat (1)
• Corn (1)
• Soybeans
• Copper
• Palladium (1)
• Platinum (1)
• Gasoline
• Crude
• Cotton
• Feeder Cattle

Neutral

• None

Up Trend

• Orange Juice

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 a trend reversal
Down Trend and Up Trend are based on 50 Simple Moving Averages.

US Markets 18 Nov 23

The US market closed higher. Russell broke lower high formation on the weekly chart.

While BDI and CDFI closed higher, Harpex and CCFI closed lower.

The dollar index broke the previous week's low and recovered to the consolidation range.

Watch out for

• FOMC Meeting Minutes
• Services and Manufacturing PMI by multiple countries
• Short trading week for the US

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

UT 

• None

Neutral 

• None

DT 

• Dow (1)

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

• Nasdaq

Neutral 

• S&P

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 are based on 50 Simple Moving Averages.

Dow
Daily Neutral, Weekly UT
Potential resistance around 35,495, 37,625, 39,754

Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily Neutral, Weekly UT

Potential resistance around 4,632, 4,867, 5,103

Potential support around 4,396, 4,161, 3,925, 3,690

Nasdaq
Daily UT, Weekly UT

Potential resistance around 16,374, 17,097, 17,819

Potential support around 15,652, 14,930, 14,207, 13,485, 12,762

Russell
Daily DT, Weekly DT
Potential resistance around 1,910, 2,040, 2,170

Potential support around 1,779, 1,649, 1,519, 1,389, 1,259

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

20 Nov, Mon

• No important data

21 Nov, Tue

• 0830 Australia RBA Meeting Minutes
• 2130 Canada Core CPI (MoM) (Oct)
• 2130 Canada CPI (MoM) (Oct)
• 2300 US Existing Home Sales (Oct)

22 Nov, Wed

• 0300 US FOMC Meeting Minutes
• 2000 UK Autumn Statement
• 2130 US Core Durable Goods Orders (MoM) (Oct)
• 2130 US Initial Jobless Claims
• 2300 US Michigan Consumer Sentiment (Nov)
• 2330 US Crude Oil Inventories

23 Nov, Thu

• Japan and US on holiday
• 0600 Australia Judo Bank Manufacturing PMI (Nov) 
• 0600 Australia Judo Bank Services PMI (Nov) 
• 1630 German HCOB Services PMI (Nov) 
• 1630 German HCOB Manufacturing PMI (Nov) 
• 1700 Europe HCOB Services PMI (Nov) 
• 1700 Europe HCOB Manufacturing PMI (Nov) 
• 1730 UK S&P Global/CIPS Manufacturing PMI (Nov) 
• 1730 UK S&P Global/CIPS Services PMI (Nov) 

24 Nov, Fri

• The US market closed early due to the holiday
• 0545 New Zealand Retail Sales YoY (Q3)
• 0730 Japan Inflation Rate YoY (Oct)
• 1500 German GDP (QoQ) (Q3)
• 1700 German Ifo Business Climate (Nov)
• 2130 Canada Retail Sales YoY (Sep)
• 2245 US S&P Global Manufacturing PMI (Nov) 
• 2245 US S&P Global Services PMI (Nov)  

Dollar Index recovered to consolidation range

The dollar index broke the previous week's low and recovered to the consolidation range.
Resistance at TLU2, 106.7, TLU1, 109.7
Support at 103.6, 102.3, TLD1, 100.3, 99.8

COT for Dollar Index

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

Weekly chart with 50 SMA

US Markets 11 Nov 23

The US market continues to close higher, except Russell closed lower with an inside day on the weekly chart.

BDI rebounded from 1,462 (03 Nov) to 1,643 (10 Nov)

Harpex closed lower, from 873 (03 Nov) to 845 (10 Nov)

CDFI rebounded from 1,042.47 (03 Nov) to 1,107.04 (10 Nov)

CCFI rebounded from 827.84 (03 Nov) to 843.77(10 Nov)

The dollar index broke the previous week's low and recovered to the consolidation range.

Watch out for

• CPI and Retail Sales data by multiple countries

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

Dow

Daily DT, Weekly DT
Potential resistance around 35,495, 37,625, 39,754

Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily DT, Weekly DT

Potential resistance around 4,632, 4,867, 5,103

Potential support around 4,396, 4,161, 3,925, 3,690, 3,454

Nasdaq
Daily Neutral, Weekly DT

Potential resistance around  15,652, 16,374, 17,097

Potential support around 14,930, 14,207, 13,485, 12,762, 12,040

Russell
Daily DT, Weekly DT
Potential resistance around 1,779, 1,910, 2,040, 2,170, 2,300

Potential support around 1,649, 1,519, 1,389, 1,2591

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

13 Nov, Mon

• No important data

14 Nov, Tue

• 1500 UK Unemployment Rate (Sep)
• 1800 Europe Employment Change QoQ (Q3) 
• 1800 German ZEW Economic Sentiment Index (Nov)
• 2130 US Core CPI (MoM) (Oct)
• 2130 US CPI (MoM) (Oct)

15 Nov, Wed

• 0750 Japan GDP (QoQ) (Q3) 
• 1000 China Unemployment Rate (Oct) 
• 1000 China Retail Sales YoY (Oct)
• 1000 China Industrial Production YoY (Oct)
• 1500 UK CPI (YoY) (Oct)
• 2130 US Core Retail Sales (MoM) (Oct)
• 2130 US Retail Sales (MoM) (Oct)
• 2130 US PPI (MoM) (Oct)
• 2130 US NY Empire State Manufacturing Index (Nov)
• 2330 US Crude Oil Inventories

16 Nov, Thu

• 0830 Australia Employment Change (Oct)
• 0830 Australia Unemployment Rate (Oct)
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Nov)

17 Nov, Fri

• 1500 UK Retail Sales MoM (Oct)
• 1800 Europe CPI (YoY) (Oct)
• 2130 US Building Permits (Oct) 

Dollar Index broke consolidation support

The dollar index broke consolidation support and closed lower.
Resistance at TLU2, 106.7, TLU1, 109.7
Support at 103.6, 102.3, TLD1, 100.3, 99.8

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 04 Nov 2023

BDI closed lower, from 1,563 (27 Oct) to 1,462 (03 Nov)

Harpex closed lower, from 884 (27 Oct) to 873 (03 Nov)

CDFI closed lower, from 1,107.13 (27 Oct) to 1,042.47 (03 Nov)

CCFI closed higher, from 811.5 (27 Oct) to 827.84 (03 Nov)

COT     

Download Commodities COT

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

• Wheat (1)
• Corn (1)
• Soybeans (1)
• Copper
• Palladium
• Gasoline
• Feeder Cattle

Neutral

• Platinum

Up Trend

• None

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

• Natural Gas

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 a trend reversal
Down Trend and Up Trend are based on 50 Simple Moving Averages.

US Markets 04 Nov 2023

The US market broke the lower-high formation on the weekly chart and closed high. Russell closed with an outside day on the weekly chart. 

While BDI, CDFI and Harpex closed lower, CCFI closed higher.

The dollar index broke consolidation support and closed lower.

The daylight saving ended on 05 Nov 2023.

Watch out for

• Australia RBA Interest Rate Decision
• Speech by US Fed Chair Powell
• China CPI data

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

UT 

• None

Neutral 

• None

DT 

• Dow (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 are based on 50 Simple Moving Averages.

Dow
Daily DT, Weekly UT
Potential resistance around 35,495, 37,625, 39,754

Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily DT, Weekly UT

Potential resistance around 4,396, 4,632, 4,867

Potential support around 4,161, 3,925, 3,690, 3,454

Nasdaq
Daily DT, Weekly UT

Potential resistance around 14,930, 15,652, 16,374

Potential support around 14,207, 13,485, 12,762, 12,040, 11,318

Russell
Daily DT, Weekly DT
Potential resistance around 1,779, 1,910, 2,040, 2,170

Potential support around 1,649, 1,519, 1,389, 1,259

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

06 Nov, Mon

• 1655 German HCOB Services PMI (Oct)
• 1700 Europe HCOB Services PMI (Oct)
• 2300 Canada Ivey PMI s.a (Oct)

07 Nov, Tue

• 1130 Australia RBA Interest Rate Decision (Nov)

08 Nov, Wed

• 1500 German CPI (MoM) (Oct)
• 1800 Europe Retail Sales MoM (Sep)
• 2215 US Fed Chair Powell Speaks
• 2330 US Crude Oil Inventories

09 Nov, Thu

• 0930 China CPI (MoM) (Oct)
• 2130 US Initial Jobless Claims

10 Nov, Fri

• 0300 US Fed Chair Powell Speaks
• 1500 UK GDP (QoQ) (Q3)  
• 2300 US Michigan Consumer Sentiment (Nov)