Dollar Index rallied and closed higher

The dollar index rallied and closed higher. It tested 106.7 resistance but failed to hold.
Resistance at 106.7, TLU2, 109.7, TLU3
Support at 103.6, 102.3, TLU1, 100.3, TLD2, 99.8, 98.7

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 16 Nov 2024

BDI continued to close higher from 1,495 (08 Nov) to 1,785 (15 Nov)

Harpex closed higher from 1,975 (08 Nov) to 1,978 (15 Nov)

CDFI continued to close higher from 1,079.17 (08 Nov) to 1,169.98 (15 Nov)

CCFI closed higher from 1,388.22 (08 Nov) to 1,438.97 (15 Nov)

COT     

Download Commodities COT

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

• Crude (1)
• Rough Rice (1)

Neutral

• Cotton
• Soybeans
• Heating Oil

Up Trend

• None

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

• Soybean Oil

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 16 Nov 24

The US market broke the previous week's high and reversed to close lower.  

BDI, Harpex, CDFI and CCFI closed higher.

The dollar index rallied and closed higher. It tested 106.7 resistance but failed to hold.

Watch out for

• Manufacturing PMI, Services PMI and CPI data by multiple countries

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, 46,144

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

S&P
Daily UT, Weekly UT

Potential resistance around 6,045

Potential support around 5,809, 5,574, 5,338, 5,103

Nasdaq
Daily UT, Weekly UT

Potential resistance around 21,431

Potential support around 20,709, 19,986, 19,264, 18,542, 17,819

Russell
Daily UT, Weekly UT
Potential resistance around 2,430, 2,561

Potential support around 2,300, 2,170, 2,040, 1,910, 1,779

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

18 Nov, Mon

• No important data

19 Nov, Tue

• 0830 Australia RBA Meeting Minutes
• 1800 Europe CPI (YoY) (Oct)
• 1800 Europe Core CPI (YoY) (Oct)
• 2130 US Building Permits (Oct)
• 2130 US Housing Starts (Oct)
• 2130 Canada CPI (MoM) (Oct)
• 2130 Canada Core CPI (MoM) (Oct)

20 Nov, Wed

• 0915 China PBoC Loan Prime Rate
• 1500 UK CPI (YoY) (Oct)
• 2330 US Crude Oil Inventories

21 Nov, Thu

• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Nov)
• 2300 US Existing Home Sales (Oct)

22 Nov, Fri

• 0730 Japan National Core CPI (YoY) (Oct)
• 1500 UK Core Retail Sales (MoM) (Oct)
• 1500 UK Retail Sales (MoM) (Oct)
• 1500 Germany GDP (QoQ) (Q3)
• 1630 Germany HCOB Manufacturing PMI (Nov) 
• 1630 Germany HCOB Services PMI (Nov)  
• 1700 Europe HCOB Manufacturing PMI (Nov) 
• 1700 Europe HCOB Services PMI (Nov)  
• 1730 UK S&P Global/CIPS UK Manufacturing PMI (Nov)  
• 1730 UK S&P Global/CIPS UK Services PMI (Nov)  
• 2130 Canada Retail Sales (MoM) (Sep)
• 2245 US S&P Global US Manufacturing PMI (Nov)  
• 2245 US S&P Global Services PMI (Nov)  
• 2300 US Michigan Consumer Sentiment (Nov)

Dollar Index close higher

The dollar index closed higher with an outside day 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 09 Nov 2024

BDI rebounded to close higher from 1,378 (01 Nov) to 1,495 (08 Nov)

Harpex closed higher from 1,973 (01 Nov) to 1,975 (08 Nov)

CDFI rebounded to close higher from 1,046.37 (01 Nov) to 1,079.17 (08 Nov)

CCFI continued to close higher from 1,367.54 (01 Nov) to 1,388.22 (08 Nov)

COT     

Download Commodities COT

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

• Crude (1)
• Rough Rice (1)

Neutral

• Cotton

Up Trend

• Soybeans

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

• Gold
• Platinum
• Soybean Oil

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 09 Nov 24

The US market closed at a historic high.  

BDI, Harpex, CDFI and CCFI closed higher.

The dollar index closed higher with an outside day on the weekly chart.

Watch out for

• Unemployment and GDP data by multiple countries
• US CPI Data
• Speech by US Fed Chair Powell 

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, 46,144

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

S&P
Daily UT, Weekly UT

Potential resistance around 6,045

Potential support around 5,809, 5,574, 5,338, 5,103

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 2,430, 2,561

Potential support around 2,300, 2,170, 2,040, 1,910, 1,779

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

11 Nov, Mon

• No important data

12 Nov, Tue

• 1500 UK Employment Change 3M/3M (MoM) (Sep)
• 1500 UK Unemployment Rate (Sep)
• 1500 Germany CPI (MoM) (Oct)\
• 1800 Germany ZEW Economic Sentiment (Nov)
• 1800 Europe ZEW Economic Sentiment (Nov)

13 Nov, Wed

• 2130 US Core CPI (MoM) (Oct)
• 2130 US CPI (MoM) (Oct)

14 Nov, Thu

• 0830 Australia Employment Change (Oct)
• 0830 Australia Unemployment Rate (Oct)
• 1800 Europe GDP (QoQ) (Q3)
• 2130 US Initial Jobless Claims
• 2130 US PPI (MoM) (Oct)

15 Nov, Fri

• 0000 US Crude Oil Inventories
• 0400 US Fed Chair Powell Speaks 
• 0750 Japan GDP (QoQ) (Q3)  
• 1000 China Industrial Production (YoY) (Oct)
• 1000 China Chinese Unemployment Rate (Oct)
• 1500 UK GDP (QoQ) (Q3)
• 2130 US Core Retail Sales (MoM) (Oct)
• 2130 US Retail Sales (MoM) (Oct)
• 2130 US NY Empire State Manufacturing Index (Nov)