No update of blog for this week

Due to my work commitment, I will not be updating my blog for this week.

Here are the COT charts 

Download Commodities COT

Dollar Index broke 93.0 resistance

On the daily chart, it broke lhf, rallied Dollar to close above 93.0 resistance.  On the weekly chart, it closed with an outside day.
Resistance at  94.0, 95.0, 96.3
Support at 93.0, TLD3, 92.0, 90.6, Trend Channel (Blue)

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 19 May 18

BDI slide down to 1273 (18 May) from 1472 (11 May)
Harpex closed higher for another week at 656.63 (12 May) from 653.64 (05 May) 

COT 

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

• Sugar
• Soybean Oil
• Platinum

Neutral

• Silver

Up Trend

• Natural Gas (1)
• Crude (1)

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

• Corn
• Cocoa
• Cotton
• Rough Rice
• Gasoline
• Lumber

Neutral

• None

Down Trend

• Soybean Meal

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

Mar 2018 posted on Monitoring Coffee and Orange

Coffee seems supported for the moment.

Orange juice tested another resistance level and pull back.  Had taken partial profit.

US Markets 19 May 18

US markets closed lower while Russell created historic high.

Harpex contiues to go higher.
Dollar Index broke and closed above the resistance level.

US Markets 12 May 18, Thu 0200 Hrs (SGT) FOMC meeting minutes.

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

• DOW
• 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, TLU11, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 24,175, TLD1, 23,567, 23,435, 23,175, 22,776, TLU6, 22,121

S&P
Daily Neutral, Weekly UT

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

Potential support around  2,710, 2,593, TLD1, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around  6,983, TLU7, 7,134, 7,706

Potential support around 6,857, TLU6, 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

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

Potential support around 1,609, 1,585, 1,543, 1,519, 1,508, 1,494, TLD1, 1,451

Key event to watch out  (SG Time)

21 May, Mon

• Canada, Switzerland and Germany holiday.
• No important event

22 May, Tue

• Hong Kong holiday
• No important event

23 May, Wed

• 1400 German GDP (QoQ) (Q1) 
• 1530 German Manufacturing PMI (May)
• 1630 UK CPI (YoY) (Apr)
• 2200 US New Home Sales (Apr)
• 2230 US Crude Oil Inventories

24 May, Thu

• 0200 US FOMC Meeting Minutes
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting
• 2200 US Existing Home Sales (Apr)

25 May, Fri

• 1600 German Ifo Business Climate Index (May)
• 1630 UK GDP (YoY) (Q1)
• 2030 US Core Durable Goods Orders (MoM) (Apr) 
• 2100 US Fed Chair Powell Speaks

Dollar Index tested resistance

Dollar Index tested 93.0 resistance,  broke hlf and closed lower.
On the weekly chart, it closed with a doji.
Resistance at TLD3, 93.0, 94.0, 95.0
Support at 92.0, 90.6, Trend Channel (Blue), TLD2, 88.88

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 12 May 18

BDI climbed higher to 1472 (11 May) from 1384 (4 May)
Harpex edged higher 653.64 (05 May) from 652.45 (28 Apr)

COT 

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

• Sugar (1)
• Soybean Oil
• Platinum

Neutral

• Silver

Up Trend

• Natural Gas (1)
• Crude (1)

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

• Corn
• Cocoa
• Cotton
• Rough Rice
• Gasoline
• Lumber

Neutral

• Soybean Meal

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

Mar 2018 posted on Monitoring Coffee and Orange

Coffee continues to pull back.  It must not break recent low to continue the positive sentiment.

Orange juice tested and closed above the 2nd resistance level.

US Markets 12 May 18

On the weekly charts, US markets broke lhf and rallied.  Russell is going to test historic high again.  This will be the 3rd time.

Dollar Index tested resistance and pull back.

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 

• S&P

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, TLU11, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 24,175, TLD1, 23,567, 23,435, 23,175, 22,776, TLU6, 22,121

S&P
Daily Neutral, Weekly UT

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

Potential support around  2,710, 2,593, TLD1, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around  6,983, TLU7, 7,134, 7,706

Potential support around 6,857, TLU6, 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

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

Potential support around 1,585, 1,543, 1,519, 1,508, 1,494, TLD1, 1,451, 1,420, 1,388

Key event to watch out  (SG Time)
14 May, Mon

• No important event

15 May, Tue

• 0930 Australia RBA Meeting Minutes
• 1000 China Industrial Production (YoY) (Apr) 
• 1400 German GDP (QoQ) (Q1) 
• 1630 UK Average Earnings Index +Bonus (Mar) 
• 1630 UK Claimant Count Change (Apr)   
• 1700 UK Inflation Report Hearings   
• 1700 German ZEW Economic Sentiment (May)
• 2030 US Core Retail Sales (MoM) (Apr)
• 2030 US Retail Sales (MoM) (Apr) 

16 May, Wed

• 0750 JPY GDP (QoQ) (Q1)
• 1700 Europe CPI (YoY) (Apr)
• 2200 Europe ECB President Draghi Speaks
• 2030 US Building Permits (Apr)
• 2230 US Crude Oil Inventories

17 May, Thu

• 0930 Australia Employment Change (Apr) 
• 2030 US Philadelphia Fed Manufacturing Index (May) 

18 May, Fri

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

Dollar Index continues to go higher

Dollar Index did not pull back and continues to climb higher and testing TLD3 resistance. 
Resistance at TLD3, 93.0, 94.0, 95.0
Support at 92.0, 90.6, Trend Channel (Blue), TLD2, 88.88

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 05 May 18

BDI edged higher to 1384 (4 May) from 1361 (27 Apr)
Harpex continues to climb higher to 652.45 (28 Apr) from 646.19 (21 Apr)

COT 

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

• Sugar (1)
• Soybean Oil
• Platinum

Neutral

• Natural Gas (1)
• Silver

Up Trend

• Coffee
• Crude (1)

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

• Corn
• Soybeans
• Soybean Meal
• Cocoa
• Cotton
• Rough Rice
• Gasoline
• Lumber

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

Mar 2018 posted on Monitoring Coffee and Orange

Coffee had tested the 2nd resistance (123) and broke hlf.

Orange Juice had closed with an outside on the daily chart.  Potential of a new trend.

Will closed 80% of the positions if the new trend is down.

US Markets 05 May 18

US markets closed mixed for the week.
Dow and S&P broke pwl, losses were trimmed to close with a -roc.  Nasdaq and Russell closed with a +roc.

Harpex continues to climb higher.

Dollar Index continues to close higher.

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 

• S&P

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 TLU11, 24,847, TLD1, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 24,175, TLD1, 23,567, 23,435, 23,175, 22,776, TLU6, 22,121

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,710, 2,748, 2,800, TLU3, Lower Trend Channel (green), 2,874

Potential support around  2,593, TLD1, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around  6,857, 6,983, TLU7, 7,134, 7,706

Potential support around TLU6, 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

Russell
Daily UT, Weekly UT
Potential resistance around 1,585, 1,609, TLU3, 1,649

Potential support around 1,543, 1,519, 1,508, 1,494, TLD1, 1,451, 1,420, 1,388

Key event to watch out  (SG Time)

07 May, Mon

• UK Holiday
• 0750 Japan BoJ Monetary Policy Meeting Minute

08 May, Tue

• 0930 Australia Retail Sales (MoM) (Mar)
• 2200 US JOLTs Job Openings (Mar)

09 May, Wed

• 2030 US PPI (MoM) (Apr)
• 2230 US Crude Oil Inventories

10 May, Thu

• 0500 New Zealand RBNZ Interest Rate Decision
• 0500 New Zealand RBNZ Rate Statement
• 0600 New Zealand RBNZ Press Conference
• 1630 UK Manufacturing Production (MoM) (Mar) 
• 1900 UK BoE Inflation Report
• 1900 UK BoE Interest Rate Decision (May) 
• 2030 US Core CPI (MoM) (Apr)

11 May, Fri

• 2030 Canada Employment Change (Apr)