US Markets 01 Dec 18

On the weekly chart, US markets broke lhf and rebounded to closing near to week high.

BDI closed higher while Harpex closed lower.

On the weekly chart, Dollar index also broke lhf and rebounded to close with a +roc.

Various countries will be reporting their manufacturing PMI 

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

• None

Neutral 

• None

DT 

• Nasdaq (1)

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 25,645, 25,784, 26,627, TLU11, 26,976, 29,106

Potential support around 25,326, 24,841, 24,170, 23,567, 23,435, TLU6, 23,175

S&P
Daily DT, Weekly UT

Potential resistance around 2,786, 2,814, 2,825, 2,874, 2,940, 2,983, 3,219

Potential support around 2,747, 2,710, 2,593 2,551, 2,506, 2,480, 2,450, 2,406, 2,392, 2,366

Nasdaq
Daily DT, Weekly UT

Potential resistance around 6,982, 7,134, 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

Potential support around 6,499, TLU3, 6,346, TLU4, 6,261, 6,061, 5,950

Russell
Daily DT, Weekly UT
Potential resistance around 1,543, 1,585, 1,609, 1,624, 1,683, 1,708, 1,743

Potential support around 1,519, 1,508, 1,494, 1,451, 1,420, 1,388 TLU3, 1,341, 1,296

Key event to watch out  (SG Time)

03 Dec, Mon

• 0945 Caixin Manufacturing PMI (Nov) 
• 1655 German Manufacturing PMI (Nov)
• 1730 UK Manufacturing PMI (Nov) 
• 2300 US ISM Manufacturing PMI (Nov)

04 Dec, Tue

• 1130 Australia RBA Interest Rate Decision (Dec) 
• 1130 Australia RBA Rate Statement 
• 1715 UK BoE Gov Carney Speaks  
• 1730 UK Construction PMI (Nov)

05 Dec, Wed

• 0830 Australia GDP (QoQ) (Q3)  
• 1630 Europe ECB ECB President Draghi Speaks
• 1730 UK Services PMI (Nov)
• 2115 US ADP Nonfarm Employment Change (Nov) 
• 2300 US ISM Non-Manufacturing PMI (Nov)
• 2300 Canada BoC Interest Rate Decision
• 2300 Canada Rate Statement
• 2315 US Fed Chair Powell Testifies
• 2330 US Crude Oil Inventories

06 Dec, Thu

• 0830 Australia Retail Sales (MoM) (Oct)
• 2135 Canada BoC Gov Poloz Speaks
• 2300 Canada Ivey PMI (Nov)

07 Dec, Fri

• 0745 US Fed Chair Powell Speaks
• 2130 US Nonfarm Payrolls (Nov)
• 2130 US Unemployment Rate (Nov) 
• 2130 Canada Employment Change (Nov)