BDI closed higher while Harpex continues going down.
Dollar Index continues to be resisted at 97.3.
Wed, US Goods Trade Balance and US GDP data on Thu
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
(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 in the daily chart. In the weekly chart, us markets closed higher. Dow and S&P closed with -roc, while Nasdaq and Russell closed with +roc. Nasdaq broke lhf on the weekly chart.
Dow
Daily UT, Weekly UT
Potential resistance around 21,451, TLU6, 23,462
Potential resistance around 21,451, TLU6, 23,462
Potential support around TLU11, TLU5, 21,099, 20,756, TLU2, 19,968, TLU4, 19,440, 18,669
S&P
Daily UT, Weekly UT
Potential resistance around TLU5, TLU1,2,522, 2,758
Potential support around 2,392, 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137
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 TLU7, 5,890, 6,261, 6,983
Potential support around 5,722, TLU3, TLU5, 5,538, TLU4, 5,237, TLU1, 5,041
Russell
Daily UT, Weekly UT
Potential resistance around 1,420, 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)
26 Jun, Mon
- 1600 EUR German Ifo Business Climate Index (Jun)
- 2030 USD Core Durable Goods Orders (MoM) (May)
- 2200 USD CB Consumer Confidence (Jun)
- 2030 USD Goods Trade Balance
- 2200 USD Pending Home Sales (MoM) (May)
- 2230 USD Crude Oil Inventories
- 2030 USD GDP (QoQ) (Q1)
- 0900 CNY Manufacturing PMI (Jun)
- 1600 EUR German Unemployment Change (Jun)
- 1630 GBP GDP (QoQ) (Q1)
- 1700 EUR CPI (YoY) (Jun)
- 2030 CAD GDP (MoM) (Apr)
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