Dollar Index hovered along support

In the weekly chart, Dollar Index tested DT channel rebound to closed above 97.3 with a +roc.
This week various countries will report Manufacturing PMI.  US will release data for Nonfarm Payrolls and Unemployment Rate on Fri, 2 Jun.
Resistance at 98.3, TLU7, 99.8, TLU9, 100.3
Support at 97.3, TLD5, Trend Channel (Dark Blue), 96.3. 95.0

USD Impact currencies/Gold/Crude(wow)

Weekly chart with 50 SMA

Commodities Update - 27 May 17

BDI continue to pull back and closed the week at 912 (26 May) from 956 (19 May)
Harpex pull back from 533.17 (13 May) to 500.37 (20 May)

Summary
Energy closed lower, Metals closed higher, the rest closed mixed.

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

• Cocoa (1)
• Sugar
• Coffee
• Soybeans

Neutral

• Soybean Oil

Up Trend

• Corn (1)
• Gasoline (1)
• Natural Gas

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

• Feeder Cattle

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 trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

Indices Performance Chart - 27 May 17

Asia and US markets closed higher while Europe closed mixed for the week.
Dow, S&P and Nasdaq created a new historic high this week.  Dow and S&P trend in the daily chart had changed to UT.
Dollar Index hovered along the support.
This week various countries will report Manufacturing PMI.  Fri US will release data for Nonfarm Payrolls and Unemployment Rate.

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

• 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 

Dow, S&P and Nasdaq created a new historic high this week.  Dow and S&P broke lhf in the weekly chart and trend in the daily chart had changed from neutral to UT.

Dow

Daily UT, Weekly UT
Potential resistance around 21,099, TLU6, 21,451
Potential support around TLU5, TLU11, 20,756, TLU2, 19,968, TLU4, 19,440, 18,669

S&P
Daily UT, Weekly UT

Potential resistance around TLU5, TLU1,2,522
Potential support around 2,392, 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137

Nasdaq
Daily UT, Weekly UT
Potential resistance around 6,261
Potential support around 5,722, TLU7, TLU3, TLU5, 5,538, TLU4, 5,237, TLU1, 5,041

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,389, 1,420, TLU1, TLU3, TLU5, 1,519
Potential support around 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)

29 May, Mon

• China, UK and US Holiday
• 2100 EUR ECB President Draghi's Speech

30 May, Tue

• China and HK Holiday
• 2200 USD CB Consumer Confidence (May)

31 May, Wed

• 0900 CNY Manufacturing PMI (May) 
• 1600 EUR German Unemployment Change (May)
• 1700 EUR CPI (YoY) (May)
• 2030 CAD GDP (MoM) (Mar) 
• 2200 USD Pending Home Sales (MoM) (Apr) 

01 Jun, Thu

• 0930 AUD Retail Sales (MoM) (Apr) 
• 0945 CNY Caixin Manufacturing PMI (May) 
• 1555 EUR German Manufacturing PMI (May) 
• 1630 GBP Manufacturing PMI (May) 
• 2015 USD ADP Nonfarm Employment Change (May) 
• 2200 USD ISM Manufacturing PMI (May) 
• 2300 USD Crude Oil Inventories

02 Jun, Fri

• 1630 GBP Construction PMI (May)
• 2030 USD Nonfarm Payrolls (May) 
• 2030 USD Unemployment Rate (May)

Dollar Index slumped down

In the weekly chart, Dollar Index broke down from outside day and slump down tested trend channel.  May see potential technical rebound
Watch out for FOMC meeting minutes at 25 May 0200 and US GDP on 26 May 2030
Resistance at TLD5, 97.3, 98.3, TLU7, 99.8, TLU9, 100.3
Support at Trend Channel (Dark Blue), 96.3. 95.0

USD Impact currencies/Gold/Crude(wow)

Weekly chart with 50 SMA

Commodities Update - 20 May 17

BDI is below 1000 again from 1014 (12 May) to 956 (19 May)
Harpex pull back slightly from 533.47 (06 May)  to 533.17 (13 May)

Summary
Most Metals and Energy closed higher while the rest closed mixed

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

• Sugar
• Coffee
• Soybeans

Neutral

• Corn (1)
• Soybean Oil
• Platinum

Up Trend

• Cocoa (1)
• Gasoline (1)
• Natural Gas

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

• Feeder Cattle

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 trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

Indices Performance Chart - 20 May 17

Most markets closed lower.  S&P trend had changed from UT to neutral.
Dollar Index slumped  down more than 2% in a week.  Potential technical rebound. 
25 May (Thu) 0200 FOMC Meeting minutes and 26 May (Fri) US GDP.

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

• 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 slump down, broke pwl (previous week low) and recovered some losses before closing for the week.
Nasdaq created a historic high and closed with a -roc outside day in the weekly chart.  Russell continues to be resisted by 1389.
S&P trend had changed from UT to neutral.

Dow

Daily Neutral, Weekly UT
Potential resistance around TLU11, TLU5, 21,099, TLU6, 21,451
Potential support around 20,756, TLU2, 19,968, TLU4, 19,440, 18,669, 18,557, TLU1, 18,367

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,392, TLU5, TLU1,2,522
Potential support around 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU3, 5,722, 6,261
Potential support around TLU7, TLU5, 5,538, TLU4, 5,237, TLU1, 5,041

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,389, 1,420, TLU1, TLU3, TLU5, 1,519
Potential support around 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)

22 May, Mon

• Canada Holiday
• No important data

23 May, Tue

• 1400 EUR German GDP (QoQ) (Q1) 
• 1600 EUR German Ifo Business Climate Index (May) 
• 1700 GBP Inflation Report Hearings
• 2200 USD New Home Sales (Apr)

24 May, Wed

• 1530 EUR German Manufacturing PMI (May)  
• 2200 USD Existing Home Sales (Apr) 
• 2200 USD BoC Interest Rate Decision 
• 2230 USD Crude Oil Inventories

25 May, Thu

• 0200 USD FOMC Meeting Minutes
• 1630 GBP GDP (QoQ) (Q1)

26 May, Fri

• 2030 USD Core Durable Goods Orders (MoM) (Apr)
• 2030 USD GDP (QoQ) (Q1) 

Dollar Index formed outside day

In the weekly chart, Dollar Index formed another outside day with +roc.
Overall, no clear direction, potential for big movement to determine the direction
Resistance at 99.8, TLU9, 100.3, TLD6, 101.5, Trend Channel (Blue), TLU6, 102.2
Support at TLU7, 98.3, TLD5, 97.3, 96.3

USD Impact currencies/Gold/Crude(wow)

Weekly chart with 50 SMA

Commodities Update - 13 May 17

BDI edge higher from 994 (5 May) to 1014 (12 May)
Harpex went higher from 523.33 (29 Apr) to 533.47 (06 May) 

Summary
Energy closed higher, grains closed lower while the rest closed mixed.

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

• Sugar
• Coffee
• Soybeans
• Platinum

Neutral

• Cocoa (1)
• Corn (1)
• Soybean Oil (1)
• Gasoline (1)

Up Trend

• Natural Gas

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

• Feeder Cattle

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 trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average 

Indices Performance Chart - 13 May 17

Asia and Europe closed higher while US closed lower. DOW's trend started to turn negative.  BDI back above 1000 mark while Harpex continues to go higher.
Dollar Index formed another outside day with +roc in the weekly chart.
Not much important economic data from US this week.

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

• 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 closed lower except Nasdaq closed at historic high again. 
DOW's trend (50 SMA) in the daily chart had started to turn down while S&P become flat.
COT remained below 70 range.

Dow

Daily UT, Weekly UT
Potential resistance around TLU5, 21,099, TLU6, 21,451
Potential support around 20,756, TLU11, TLU2, 19,968, TLU4, 19,440, 18,669, 18,557, TLU1, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around 2,392, TLU5, TLU1,2,522
Potential support around 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around 6,261
Potential support around TLU3, 5,538, TLU7, TLU5, TLU4, 5,237, TLU1, 5,041

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

Key event to watch out  (SG Time)

15 May, Mon

• 1000 CNY Industrial Production (YoY) (Apr)  

16 May, Tue

• 0930 AUD RBA Meeting Minutes
• 1630 GBP CPI (YoY) (Apr)
• 1700 EUR German ZEW Economic Sentiment (May)
• 1700 EUR GDP (YoY)
• 2030 USD Building Permits (Apr)

17 May, Wed

• 1630 GBP Average Earnings Index +Bonus (Mar)
• 1630 GBP Claimant Count Change (Apr)
• 1700 EUR CPI (YoY) (Apr)
• 2230 USD Crude Oil Inventories

18 May, Thu

• 0750 JPY GDP (QoQ) (Q1)
• 0930 AUD Employment Change (Apr) 
• 1630 GBP Retail Sales (MoM) (Apr) 
• 2030 USD Philadelphia Fed Manufacturing Index (May) 

19 May, Fri

• 2030 CAD Core CPI (MoM) (Apr) 
• 2030 CAD Core Retail Sales (MoM) (Mar)

Dollar Index broke support

Dollar Index broke and closed below TLU7 support.  If 98.3 support unable to hold, 97.3 will be next support level.
In the weekly chart, it closed with an outside day.
Resistance at TLU7, TLU9, 99.8, 100.3, TLD6, 101.5, Trend Channel (Blue), TLU6, 102.2
Support at 98.3, TLD5, 97.3, 96.3

USD Impact currencies/Gold/Crude(wow)

Weekly chart with 50 SMA

Commodities Update - 06 May 17

BDI broke below 1000 mark, closed at 994 (5 May) from 1109 (28 Apr)
Harpex edge higher from 522.14 (22 Apr) to 523.33 (29 Apr)

Summary
Metals and Energy closed higher while grains closed higher

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

• Cocoa (1)
• Sugar
• Coffee
• Soybeans

Neutral

• Corn (1)
• Soybean Oil (1)
• Gasoline

Up Trend

• None

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

• Feeder Cattle

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 trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average 

Indices Performance Chart - 06 May 17

Asia closed mixed while Europe and US closed higher.
Despite better than expected NFP and Unemployment Rate, Dollar Index broke support after consolidating for 2 weeks.
BDI broke down below 1000 mark while Harpex continues to edge up.
This coming week, not much important data.  ECB President Draghi's will speak on Wed. On Fri, Germany GDP and US CPI, Retail Sales data.
French election result will be closely watched by Europe.

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

• 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 closed mixed.  Dow closed with an inside day in the weekly chart.  S&P and Nasdaq broke pwh (previous week high) while Russell broke hlf.  S&P is going to test historic high again.

Dow

Daily UT, Weekly UT
Potential resistance around 21,099, TLU6, 21,451
Potential support around TLU5, 20,756, TLU11, TLU2, 19,968, TLU4, 19,440, 18,669, 18,557, TLU1, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around TLU5, TLU1,2,522
Potential support around 2,392, 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around 6,261
Potential support around TLU3, 5,538, TLU7, TLU5, TLU4, 5,237, TLU1, 5,041

Russell
Daily Neutral, Weekly UT
Potential resistance around TLU1, TLU3, TLU5, 1,519
Potential support around 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)

08 May, Mon

• 0930 CNY Trade Balance (USD) (Apr) 

09 May, Tue

• 0930 AUD Retail Sales (MoM) (Mar) 

10 May, Wed

• Singapore public holiday
• 0930 CNY CPI (YoY) (Apr) 
• 1900 EUR ECB President Draghi's Speech
• 2230 USD Crude Oil Inventories

11 May, Thu

• 0500 NZD RBNZ Interest Rate Decision
• 0500 NZD RBNZ Rate Statement   
• 0500 NZD RBNZ Gov Wheeler Speaks 
• 1630 GBP Manufacturing Production (MoM) (Mar) 
• 1900 GBP BoE Inflation Report
• 1900 GBP BoE Interest Rate Decision (May) 
• 1900 GBP BoE MPC Meeting Minutes

12 May, Fri

• 1400 EUR German GDP (QoQ) (Q1)
• 2030 USD Core CPI (MoM) (Apr) 
• 2030 USD Core Retail Sales (MoM) (Apr)
• 2030 USD Retail Sales (MoM) (Apr)