Dollar Index close higher

The dollar index closed higher with a small -ve roc (closing price < opening price) on the weekly chart.
Resistance at 106.7, TLU2, TLU3, 109.7
Support at 103.6, 102.3, TLU1, 100.3, TLD2, 99.8, 98.7, TLD1, 97.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 02 Nov 2024

BDI closed lower from 1,410 (25 Oct) to 1,378 (01 Nov)

Harpex continued to close higher from 1,967 (25 Oct) to 1,973 (01 Nov)

CDFI closed lower from 1,065.3 (25 Oct) to 1,046.37 (01 Nov)

CCFI rebounded to close higher from 1,366.4 (25 Oct) to 1,367.54 (01 Nov)

COT     

Download Commodities COT

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

• Crude (1)
• Heating Oil
• Rough Rice

Neutral

• None

Up Trend

• Soybeans
• Cotton
• Natural Gas

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

• Gold
• Platinum

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

US Markets 02 Nov 24

The US market closed lower, except Russell closed higher. 

While BDI and CDFI closed lower, Harpex and CCFI continued to close higher.

The dollar index closed higher with a small -ve roc (closing price < opening price)

Watch out for

• Daylight Saving Time has ended
• U.S. Presidential Election on 05 Nov
• Manufacturing and services PMI by multiple countries
• Interest rate decisions by Australia, the UK and the US

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

UT 

• None

Neutral 

• None

DT 

• None

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

• S&P
• Russell

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 UT, Weekly UT
Potential resistance around 44,014

Potential support around 41,884, 39,754, 37,625, 35,495, 33,365

S&P
Daily UT, Weekly UT

Potential resistance around 5,809, 6,045

Potential support around 5,574, 5,338, 5,103, 4,867

Nasdaq
Daily UT, Weekly UT

Potential resistance around 20,709, 21,431

Potential support around 19,986, 19,264, 18,542, 17,819, 17,097

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

Potential support around 2,170, 2,040, 1,910, 1,779, 1,649

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

04 Nov, Mon

• Japan on holiday
• 1655 Germany HCOB Manufacturing PMI (Oct)
• 1700 Europe HCOB Manufacturing PMI (Oct)

05 Nov, Tue

• 0945 China Caixin Services PMI (Oct)
• 1130 Australia RBA Interest Rate Decision (Nov)
• 1730 UK S&P Global/CIPS UK Composite PMI (Oct)
• 1730 UK S&P Global/CIPS UK Services PMI (Oct)
• 1800 US U.S. Presidential Election
• 2245 US S&P Global Services PMI (Oct)
• 2300 US ISM Non-Manufacturing PMI (Oct)

06 Nov, Wed

• 0200 US 10-Year Note Auction
• 1655 Germany HCOB Services PMI (Oct)
• 1700 Europe HCOB Services PMI (Oct)
• 2330 US Crude Oil Inventories

07 Nov, Thu

• 0200 US 30-Year Bond Auction
• 2000 UK BoE Interest Rate Decision (Nov)
• 2130 US Initial Jobless Claims

08 Nov, Fri

• 0300 US Fed Interest Rate Decision
• 0330 US FOMC Press Conference
• 2130 Candad Unemployment Rate (Oct)
• 2130 Candad Employment Change (Oct)

Dollar Index continued to close higher

The dollar index continued to close higher.
Resistance at 106.7, TLU2, TLU3, 109.7
Support at 103.6, 102.3, TLU1, 100.3, TLD2, 99.8, 98.7, TLD1, 97.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 26 Oct 2024

BDI closed lower from 1,576 (18 Oct) to 1,410 (25 Oct)

Harpex closed higher after last week's rebound, from 1,966 (18 Oct) to 1,967 (25 Oct)

CDFI closed lower from 1,100.1 (18 Oct) to 1,065.3 (25 Oct)

CCFI closed lower from 1,405.22 (18 Oct) to 1,366.4 (25 Oct)

COT     

Download Commodities COT

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

• Crude (1)

Neutral

• Soybeans

Up Trend

• Cotton

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

• Gold
• Platinum

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

US Markets 26 Oct 24

The US market broke the higher low formation and closed lower, except the Nasdaq closed higher. 

While BDI, CDFI and CCFI closed lower, Harpex continued to close higher.

The dollar index continued to close higher.

Watch out for

• Daylight Saving Time ends 03 Nov 2024
• Japan Interest Rate Decision
• Europe and US GDP
• US unemployment rate and Nonfarm Payrolls

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

UT 

• None

Neutral 

• None

DT 

• None

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

• S&P
• Russell

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 UT, Weekly UT
Potential resistance around 44,014

Potential support around 41,884, 39,754, 37,625, 35,495, 33,365

S&P
Daily UT, Weekly UT

Potential resistance around 5,809, 6,045

Potential support around 5,574, 5,338, 5,103, 4,867

Nasdaq
Daily UT, Weekly UT

Potential resistance around 20,709, 21,431

Potential support around 19,986, 19,264, 18,542, 17,819, 17,097

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

Potential support around 2,170, 2,040, 1,910, 1,779, 1,649

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

28 Oct, Mon

• New Zealand on holiday

29 Oct, Tue

• 2200 USD CB Consumer Confidence (Oct)
• 2200 USD JOLTS Job Openings (Sep)

30 Oct, Wed

• 1700 Germany GDP (QoQ) (Q3) 
• 1800 UK Autumn Forecast Statement
• 1800 Europe GDP (QoQ) (Q3) 
• 2015 US ADP Nonfarm Employment Change (Oct)
• 2030 US GDP (QoQ) (Q3) 
• 2100 Germany CPI (MoM) (Oct)
• 2230 US Crude Oil Inventories

31 Oct, Thu

• 0930 China Manufacturing PMI (Oct)
• 1100 Japan BoJ Interest Rate Decision
• 1430 Japan BoJ Press Conference
• 1800 Europe CPI (YoY) (Oct)
• 1800 Europe Core CPI (YoY) (Oct)
• 1800 Europe Unemployment Rate (Sep)
• 2030 US Core PCE Price Index (MoM) (Sep)
• 2030 US Core PCE Price Index (YoY) (Sep)
• 2030 US Initial Jobless Claims
• 2145 US Chicago PMI (Oct)

01 Nov, Fri

• 0945 China Caixin Manufacturing PMI (Oct)
• 1500 UK Nationwide HPI (YoY) (Oct)
• 2030 US Nonfarm Payrolls (Oct)
• 2030 US Unemployment Rate (Oct)
• 2200 US ISM Manufacturing PMI (Oct)
• 2200 US S&P Global US Manufacturing PMI (Oct)