Consolidating for another week

Dollar Index continues to consolidate between 90.6 and 88.88. 
Resistance at 90.6, 92.0, Trend Channel (Blue), 93.0
Support at TLD2, 88.88, Trend Channel (Blue), TLD8, 86.5, 83.2, 79.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 24 Mar 18

BDI closed at 1122 (23 Mar) from 1150 (16 Mar)
Harpex gained higher to 597.88 (17 Mar) from 579.69 (10 Mar) 

COT 

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

• Coffee
• Sugar (1)
• Natural Gas (1)
• Silver

Neutral

• Crude

Up Trend

• Orange Juice

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

• Soybean Meal
• Corn
• Gasoline

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

Monitoring Coffee and Orange
Coffee tested long-term support.
Orange Juice going to test long-term channel support.

Can go lower? Possible but limited based on chart.

Long-term

Zoom In

US Markets 24 Mar 18

On the weekly chart, US markets broke hlf and tumbled down.
Important support level I will be watching (from the platform that I used)

• Dow 22,717
• S&P 2,512
• Nasdaq 6,261
• Russell 1,389

Harpex climbing higher.
Dollar Index consolidating.

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

Dow

Daily DT, Weekly UT
Potential resistance around 24,175, TLU11, TLD1, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 23,567, 23,175, 22,776, TLU6, 22,121

S&P
Daily DT, Weekly UT

Potential resistance around TLD1, 2,748, 2,800, TLU3, Lower Trend Channel (green), 2,874

Potential support around  2,593, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily Neutral, Weekly UT
Potential resistance around  TLU6, 69836 TLU7, 7,022, 7,706

Potential support around 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,519, TLD1, 15,43, 1,566, 1,609, TLU3, 1,649

Potential support around 1,508, 1,494, 1,451, 1,420, 1,388

Key event to watch out  (SG Time)

26 Mar, Mon

• No important data

27 Mar, Tue

• 2200 US CB Consumer Confidence (Mar) 

28 Mar, Wed 

• 2030 US GDP (QoQ) (Q4)
• 2200 US Pending Home Sales (MoM) (Feb) 
• 2230 US Crude Oil Inventories

29 Mar, Thu

• 1600 German Unemployment Change (Mar)
• 1630 UK GDP (YoY) (Q4)
• 2030 Canada GDP (MoM) (Jan)

30 Mar, Fri

• Australia, Hong Kong, Singapore, most Europe countries, US, Canada holiday

31 Mar, Sat

• 0900 China Manufacturing PMI (Mar)

Dollar Index consolidating

Dollar Index continues to consolidate between 90.6 and 88.88. 
Watch out for Thu 0200 Hrs (SGT, GMT+8) US Interest Rate Decision.
Resistance at 90.6, 92.0, Trend Channel (Blue), 93.0
Support at TLD2, 88.88, Trend Channel (Blue), TLD8, 86.5, 83.2, 79.0

Due to free chart service limitation.  Support levels are estimated based on investing.com chart.

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 17 Mar 18

BDI closed lower to 1150 (16 Mar) from 1201 (09 Mar)
Another week of gain for Harpex from 548.98 (03 Mar) to 579.69 (10 Mar) 

COT 

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

• Coffee
• Sugar (1)
• Natural Gas (1)

Neutral

• Crude

Up Trend

• Orange Juice

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

• Soybean Meal
• Corn

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

US Markets 17 Mar 18

On the weekly chart, US markets broke pwh but failed to hold and closed with a -roc.  DOW consolidating directionless.

Harpex continues to climb higher.

Dollar Index continues to consolidate.
Watch out for Thu 0200 Hrs (SGT, GMT+8) US Interest Rate Decision.

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

Dow

Daily UT, Weekly UT
Potential resistance around TLD1, 25,507, 25,821, Lower Trend Channel (Blue), 25,956, 26,600, 26,976

Potential support around 24,847, 24,175, 23,567, 23,175, 22,776

S&P
Daily UT, Weekly UT

Potential resistance around 2,800, TLU3, Lower Trend Channel (green), 2,874, 2,983

Potential support around TLD1, 2,748, 2,618,  2,593, 2,551, TLU1, 2,506

Nasdaq
Daily UT, Weekly UT
Potential resistance around  7,706

Potential support around 7,022, 6,983, TLU7, TLU6, 6,347, 6,261, 6,061, 5,952

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,609, TLU3, 1,649

Potential support around 1,566, 1,543, 1,519, 1,508, 1,494, 1,451, 1,420

Key event to watch out  (SG Time)

19 Mar, Mon

• No important data

20 Mar, Tue

• 0830 Australia RBA Meeting Minutes
• 1730 UK CPI (YoY) (Feb) 
• 1800 German ZEW Economic Sentiment (Mar) 

21 Mar, Wed 

• Japan Holiday
• 1730 UK Average Earnings Index +Bonus (Jan) 
• 1730 UK Claimant Count Change (Feb)   
• 2200 US Existing Home Sales (Feb)
• 2230 US Crude Oil Inventories

22 Mar, Thu

• 0200 US FOMC Economic Projections
• 0200 US Fed Interest Rate Decision    
• 0200 US FOMC Statement   
• 0230 US FOMC Press Conference     
• 0400 New Zealand RBNZ Interest Rate Decision    
• 0400 New Zealand RBNZ Rate Statement 
• 0830 Australia Employment Change (Feb) 
• 1630 German Manufacturing PMI (Mar)    
• 1700 German Ifo Business Climate Index (Mar) 
• 1730 UK Retail Sales (MoM) (Feb)
• 2000 UK BoE Interest Rate Decision (Mar) 
• 2000 UK MPC Asset Purchase Facility Votes 

23 Mar, Fri

• 2030 US Core Durable Goods Orders (MoM) (Feb)
• 2030 Canada Core Retail Sales (MoM) (Jan)   
• 2030 Canada Core CPI (MoM) (Feb) 
• 2200 US New Home Sales (Feb) 

Dollar Index back to consolidating

Dollar Index back to consolidating between 90.6 and 88.88. 
On the weekly chart, it broke pwl, recovered and closed with a +roc.
Resistance at TLD2, 90.6, 92.0, Trend Channel (Blue), 93.0
Support at 88.88, Trend Channel (Blue), TLD8, 86.5, 83.2, 79.0

Due to free chart service limitation.  Support levels are estimated based on investing.com chart.

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 10 Mar 18

BDI closed slight lower to 1201 (09 Mar) from 1207 (2 Mar)
Harpex continues to climb higher to 548.98 (03 Mar) from at 542.62 (24 Feb)

COT 

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

• Sugar 

Neutral

• Orange Juice
• Natural Gas

Up Trend

• Coffee
• Crude

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

• Soybean Meal
• Corn

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

US Markets 10 Mar 18

US markets closed higher.  Nasdaq created a historic high.  On the weekly charts, DOW and S&P closed with a +roc inside day.

Harpex continues to close higher.

Dollar Index consolidating between 90.6 and 88.88.

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

• Nasdaq (1)

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

Daily Neutral, Weekly UT
Potential resistance around TLD1, 25,784, 25,821, Lower Trend Channel (Blue), 25,956, 26,600, 26,976

Potential support around 24,847, 24,175, 23,567, 23,175, 22,776

S&P
Daily UT, Weekly UT

Potential resistance around 2,788, TLU3, Lower Trend Channel (green), 2,874, 2,983

Potential support around TLD1, 2,748, 2,618,  2,593, 2,551, TLU1, 2,506

Nasdaq
Daily UT, Weekly UT
Potential resistance around  7,706

Potential support around 7,022, 6,983, TLU7, TLU6, 6,347, 6,261, 6,061, 5,952

Russell
Daily Neutral, Weekly UT
Potential resistance around TLU3, 1,609, 1,649

Potential support around 1,543, 1,519, 1,508, 1,494, 1,451, 1,420

Key event to watch out  (SG Time)

12 Mar, Mon

• No important data

13 Mar, Tue

• 1800 German ZEW Economic Sentiment (Mar) 
• UK Spring Forecast Statement
• 2030 US Core CPI (MoM) (Feb)     
• 2230 Canada BoC Gov Poloz Speaks

14 Mar, Wed 

• 1000 China Industrial Production (YoY) (Feb)
• 2030 US Core Retail Sales (MoM) (Feb)  
• 2030 US Retail Sales (MoM) (Feb) 
• 2230 US Crude Oil Inventories

15 Mar, Thu

• 0545 New Zealand GDP (QoQ) (Q4)
• 1630 Switzerland SNB Interest Rate Decision   
• 1630 Switzerland SNB Monetary Policy Assessment       
• 2030 US Philadelphia Fed Manufacturing Index (Mar)

16 Mar, Fri

• 1800 Europe CPI (YoY) (Feb) 
• 2030 US Building Permits (Feb)
• 2200 US JOLTs Job Openings (Jan)

Dollar Index broke out

Dollar Index broke out but failed to hold and closed at  consolidation range.  
On the weekly chart, it closed with a small +roc.
Resistance at TLD2, 90.6, 92.0, Trend Channel (Blue), 93.0
Support at 88.88, Trend Channel (Blue), TLD8, 86.5, 83.2, 79.0

Due to free chart service limitation.  Support levels are estimated based on investing.com chart.

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 03 Mar 18

BDI closed high at 1207 (2 Mar) from 1185 (23 Feb)
Harpex at 2 years high at 542.62 (24 Feb) from 526.02 (17 Feb)

COT 

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

• Sugar 
• Orange Juice

Neutral

• Natural Gas (1)

Up Trend

• Coffee
• Crude

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

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

US Markets 03 Mar 18

US markets closed lower.  On the weekly charts, it closed with a -roc outside day.
Harpex is at 2 years high.
Dollar Index broke consolidation but failed to hold.

Various countries will be making a decision on interest rate.US NFP on Fri.

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

• Nasdaq (1)

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

Daily Neutral, Weekly UT
Potential resistance around 24,847, 25,768, Lower Trend Channel (Blue), 25,956, 26,600, 26,976

Potential support around 24,175, 23,567, 23,175, 22,776

S&P
Daily UT, Weekly UT

Potential resistance around 2,748, TLD1, Lower Trend Channel (green), 2,874, 2,983

Potential support around 2,618,  2,593, 2,551, TLU1, 2,506

Nasdaq
Daily UT, Weekly UT
Potential resistance around  TLU7, 6,983, 7,022, 7,706

Potential support around TLU6, 6,347, 6,261, 6,061, 5,952

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,543, TLU3, 1,609, 1,649

Potential support around 1,519, 1,508, 1,494, 1,451, 1,420

Key event to watch out  (SG Time)

05 Mar, Mon

• 1730 UK Services PMI (Feb)
• 2300 US ISM Non-Manufacturing PMI (Feb)

06 Mar, Tue

• 0830 Australia Retail Sales (MoM) (Jan)
• 1130 Australia RBA Interest Rate Decision 
• 1130 Australia RBA Rate Statement   
• 2300 Canada Ivey PMI (Feb)

07 Mar, Wed 

• 0830 Australia GDP (QoQ) (Q4)
• 2115 US ADP Nonfarm Employment Change (Feb) 
• 2300 Canada Pending Home Sales (MoM) (Jan)
• 2330 Canada BoC Interest Rate Decision    
• 2330 US Crude Oil Inventories

08 Mar, Thu

• 0750 Japan GDP (QoQ) (Q4)
• 2045 Europe Deposit Facility Rate
• 2045 Europe ECB Interest Rate Decision (Mar)
• 2130 Europe ECB Press Conference

09 Mar, Fri

• Japan BoJ Monetary Policy Statement (YoY)
• Japan BoJ Press Conference
• 0930 China CPI (YoY) (Feb) 
• 1730 UK Manufacturing Production (MoM) (Jan)
• 2130 US Nonfarm Payrolls
• 2130 US Unemployment Rate
• 2130 Canada Unemployment Rate