Dollar Index closed lower

On the weekly chart, Dollar Index broke pwh but failed to sustain and closed lower -roc.
Resistance at  98.7, 99.8
Support at 97.3, TLU2, TLU1, TLD1, 96.3, 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 24 Aug 19

BDI continues to stay above 2,000 mark,from 2,088 (16 Aug) to 2,168 (23 Aug)
Harpex closed higher from 681.97 (09 Aug) to 690.02 (169 Aug)

COT 

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

• Natural Gas (1) 
• Gasoline
• Copper (1)
• Cotton (1)
• Orange Juice (1)
• Wheat
• Soybean Meal
• Sugar (1) 

Neutral

• Soybeans

Up Trend

• Crude (1) 
• Heating Oil 
• Palladium
• Lumber
• Feeder Cattle

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

• None

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 24 Aug 19

On the weekly chart, US markets closed lower with a -roc.
US market is in consolidation mode for the 3rd week, bigger movement may be coming soon.  Russell strong support is around 1,450.  If strong support is broken may see testing 1,420, 1,320 or even 1,260.

BDI and Harpex closed higher.

Dollar Index closed lower.

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

• Nasdaq

Neutral 

• None

DT 

• Russell (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 UT, Weekly UT
Potential resistance around 25,784, 26,245, 26,627, 26,976, 27,350, 29,106

Potential support around 25,645, 25,326, 24,837, 24,170, 23,567

S&P
Daily UT, Weekly UT

Potential resistance around 2,854, 2,874, 2,940, 2,983, 3,022, 3,219

Potential support around 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,516, 7,706, 7,859, 8,002, 8,428

Potential support around 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

Russell
Daily DT, Weekly DT
Potential resistance around 1,508, 1,519, 1,543, 1,585, 1,609, 1,624, 1,683, 1,708

Potential support around 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time, GMT+8)
26 Aug, Mon

• UK Holiday
• 1600 German Ifo Business Climate Index (Aug)
• 2030 US Core Durable Goods Orders (MoM) (Jul)

27 Aug, Tue

• 1400 German GDP (QoQ) (Q2)
• 2200 US CB Consumer Confidence (Aug) 

28 Aug, Wed

• 2230 US Crude Oil Inventories 

29 Aug, Thu

• 1655 German Unemployment Change (Aug)
• 2000 German Harmonized Index of Consumer Prices (YoY)
• 2030 US GDP (QoQ) (Q2)  
• 2200 US Pending Home Sales (MoM) (Jul)

30 Aug, Fri

• 1700 Europe CPI (YoY) (Aug)  
• 2030 Canada GDP (MoM) (Jun)
• 2200 US Michigan Consumer Sentiment Index

31 Aug, Sat

• 0900 China Non-Manufacturing PMI
• 0900 China NBS Manufacturing PMI

Dollar Index broke lhf

On the weekly chart, Dollar Index tested 97.3 support one more time, broke hlf and closed higher.
Resistance at  98.7, 99.8
Support at 97.3, TLU2, TLU1, TLD1, 96.3, 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 17 Aug 19

BDI surged pass 2000 level, from 1,748 (09 Aug) to 2,088 (16 Aug)
Harpex closed higher from 670.94 (02 Aug) to 381.97 (09 Aug)

COT 

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

• Natural Gas (1) 
• Gasoline
• Copper (1)
• Cotton (1)
• Orange Juice (1)
• Wheat
• Soybeans
• Soybean Meal
• Sugar

Neutral

• None

Up Trend

• Crude (1) 
• Heating Oil 
• Palladium
• Lumber
• Feeder Cattle

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

• None

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 Aug 19

On the weekly chart, US markets closed lower with a -roc.
Dow,  S&P and Nasdaq broke lhf but unable to sustain and closed lower.  

BDI broke above 2,000 level.

Dollar Index broke lhf.

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

• Nasdaq

Neutral 

• Russell (1)

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 26,245, 26,627, 26,976, 27,350, 29,106

Potential support around 25,784, 25,645, 25,326, 24,837, 24,170, 23,567

S&P
Daily UT, Weekly UT

Potential resistance around 2,940, 2,983, 3,022, 3,219

Potential support around 2,874, 2,854, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,706, 7,859, 8,002, 8,428

Potential support around 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

Russell
Daily Neutral, Weekly DT
Potential resistance around 1,508, 1,519, 1,543, 1,585, 1,609, 1,624, 1,683, 1,708

Potential support around 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time, GMT+8)
19 Aug, Mon

• 1700 Europe CPI (YoY) (Jul)

20 Aug, Tue

• 0930 Australia RBA Meeting Minutes  

21 Aug, Wed

• 2030 Canada Core CPI (MoM) (Jul)
• 2200 US Existing Home Sales (Jul) 
• 2230 US Crude Oil Inventories 

22 Aug, Thu

• 0200 US FOMC Meeting Minutes  
• 0800 US Jackson Hole Symposium
• 1530 German Manufacturing PMI (Aug) 
• 1600 Europe Markit PMI Composite 
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting  

23 Aug, Fri

• 0800 US Jackson Hole Symposium
• 2030 Canada Core Retail Sales (MoM) (Jun) 
• 2200 US Fed Chair Powell Speaks  
• 2200 US New Home Sales (Jul)

Dollar Index tested support

On the weekly chart, Dollar Index broke hlf tested trend resistance and losses was trimmed before closing
Resistance at  98.7, 99.8
Support at 97.3, TLU2, TLU1, TLD1, 96.3, 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 10 Aug 19

BDI pull back for another week, from 1,788 (02 Aug) to 1,748 (09 Aug)
Harpex closed higher from 666.77 (26 Jul) to 670.94 (02 Aug)

COT 

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

• Natural Gas (1) 
• Crude (1) 
• Heating Oil 
• Copper (1)
• Cotton (1)
• Orange Juice (1)

Neutral

• Soybeans
• Soybean Meal
• Sugar

Up Trend

• Palladium
• Lumber
• Feeder Cattle

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

• None

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