Indices Performance Chart - 04 Mar 17

Most Asia closed lower while Europe and US closed higher.  US markets continue to close higher except for Russell.
Speech by Fed Yellen on 4 Mar, 0200 (SGT) said ‘likely’ rate hike at mid of Mar and hinted more rate hike than planned for this year. 
BDI and Harpex move higher. Dollar Index broke lhf and resistance.
ECB Press Conference on Thu. US NFP and unemployment Rate on Fri.

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

UT

• Nasdaq

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 

US markets continue to closes higher except for Russell.
Russell hovering around previous range bound resistance level.

Dow

Daily UT, Weekly UT
Potential resistance around TLU6, 21,451
Potential support around TLU5, TLU2, 19,968, TLU11, 19,440, TLU4, 18,669, 18,557, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around TLU1,2,522
Potential support around TLU5, 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU5, 5,538, TLU3
Potential support around TLU4, TLU7, TLU1, 5,041, 4,960, 4,896, 4,816

Russell
Daily UT, Weekly UT
Potential resistance around TLU3, TLU5, 1,519
Potential support around  TLU1, 1,389,1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)
06 Mar, Mon

• 0830 AUD Retail Sales (MoM) (Jan)

07 Mar, Tue

• 1130 AUD RBA Interest Rate Decision (Mar)
• 1130 AUD RBA Rate Statement
• 2300 CAD Ivey PMI (Feb) 

08 Mar, Wed

• 0750 JPY GDP (QoQ) (Q4)
• 1000 CNY Trade Balance (USD) (Feb)
• 2115 USD ADP Nonfarm Employment Change (Feb) 
• 2330 USD Crude Oil Inventories

09 Mar, Thu

• 0930 CNY CPI (YoY) (Feb)
• 2045 EUR ECB Interest Rate Decision (Mar)
• 2130 EUR ECB Press Conference

10 Mar, Fri

• 1730 GBP Manufacturing Production (MoM) (Jan)
• 2130 USD Nonfarm Payrolls (Feb)
• 2130 USD Unemployment Rate (Feb) 
• 2130 CAD Employment Change (Feb)