Dollar Index closed above 98.7 level

On the weekly chart, Dollar Index broke lhf, rallied and closed above 98.7 resistance.
Resistance at 99.8, TLU2, 100.3
Support at 98.7, TLU1, 97.3, 96.3, TLU4, TLD1, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 28 Sep 19

BDI closed lower 2,131 (20 Sep) to 1,857 (27 Sep)
Harpex closed higher from 723.42 (13 Sep) to724.62 (20 Sep)

COT 

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

• Gasoline
• Copper
• Cotton
• Wheat
• Corn
• Soybean Meal (1)
• Sugar (1)
• Orange Juice
• Crude (1)

Neutral

• None 

Up Trend

• Lumber
• Heating Oil
• Natural Gas (1)
• Feeder Cattle
• Palladium

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 28 Sep 19

On the weekly chart, US markets broke hlf and closed lower.

BDI closed lower while Harpex closed higher.

Dollar Index closed above 98.7 level.

Various countries will be reporting Manufacturing PMI data.  US NFP on Fri.  Fed Chair Powell Speaks on Sat 0200 Hrs (SGT)

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

• None

Neutral 

• None

DT 

• Russell

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 26,976, 27,350, 29,106

Potential support around 26,627, 26,245, 25,784, 25,645, 25,326, 24,837

S&P
Daily DT, Weekly UT

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

Potential support around 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747

Nasdaq
Daily DT, 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

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

Potential support around 1,519, 1,508,  1,451, 1,420, 1,388, 1,341

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

30 Sep, Mon

• 0900 China Manufacturing PMI (Sep)
• 0945 China Caixin Manufacturing PMI (Sep) 
• 1555 German Unemployment Change (Sep)
• 1630 GBP GDP (QoQ)
• 2000 German Harmonized Index of Consumer Prices (YoY)

01 Oct, Tue

• China and Hong Kong holiday
• 1230 Australia RBA Rate Statement
• 1230 Australia RBA Interest Rate Decision
• 1335 Japan BoJ's Governor Kuroda speech
• 0750 Japan Tankan Large Manufacturers Index (Q3)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q3)
• 1230 Australia RBA Interest Rate Decision 
• 1230 Australia RBA Rate Statement
• 1555 German Manufacturing PMI (Sep)
• 1630 UK Manufacturing PMI (Sep)
• 1700 Europe CPI (YoY) (Sep)  
• 1720 Australia RBA's Governor Lowe speech
• 2030 Canada GDP (MoM) (Jul)
• 2200 US ISM Manufacturing PMI (Sep) 

02 Oct, Wed

• China and India holiday
• 1630 UK Construction PMI (Sep)
• 2015 US ADP Nonfarm Employment Change (Sep)
• 2230 US Crude Oil Inventories 

03 Oct, Thu

• China and Germany holiday
• 1630 UK Composite PMI (Sep)
• 1630 UK Services PMI (Sep)
• 2200 US ISM Non-Manufacturing PMI (Sep)

04 Oct, Fri

• China holiday
• 0930 Australia Retail Sales (MoM) (Aug)
• 2030 US Nonfarm Payrolls (Sep)
• 2030 US Unemployment Rate (Sep)
• 2200 Canada Ivey PMI (Sep)

05 Oct, Sat

• 0200 US Fed Chair Powell Speaks  

Dollar Index closed lower

On the weekly chart, Dollar Index broke pwl, recovered some of the losses and closed lower with a small +roc.
Resistance at 98.7, TLU2, 99.8, 100.3
Support at TLU1, 97.3, 96.3, TLU4, TLD1, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 21 Sep 19

BDI dropped again for another week, from 2,312 (13 Sep) to 2,131 (20 Sep)
Harpex continues to climb higher from 718.65 (06 Sep) to 723.42 (13 Sep)

COT 

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

• Gasoline (1)
• Copper
• Cotton
• Wheat
• Corn
• Soybean Meal (1)
• Sugar (1)

Neutral

• Crude
• Lumber
• Orange Juice 

Up Trend

• Heating Oil
• Natural Gas
• Feeder Cattle
• Palladium

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 21 Sep 19

US market closed lower.  On the weekly chart, Dow and Nasdaq closed with a -roc inside day.  S&P and Russell broke pwh, failed to sustain and closed lower.

BDI closed lower while Harpex closed higher.

Dollar Index closed lower.

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

• None

Neutral 

• Russell

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 27,350, 29,106

Potential support around 26,976, 26,627, 26,245, 25,784, 25,645, 25,326, 24,837

S&P
Daily UT, Weekly UT

Potential resistance around  3,022, 3,219

Potential support around 2,983, 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747

Nasdaq
Daily UT, Weekly UT

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

Potential support around 7,706, 7,516, 7,282, 7,134, 6,982, 6,516

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

Potential support around 1,543, 1,519, 1,508,  1,451, 1,420, 1,388, 1,341

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

23 Sep, Mon

• Japan holiday
• 1530 German Manufacturing PMI (Sep)
• 1600 Europe Markit PMI Composite

24 Sep, Tue

• 1335 Japan BoJ's Governor Kuroda speech
• 1600 German Manufacturing PMI (Sep)
• 1755 Australia RBA's Governor Lowe speech
• 2200 US Consumer Confidence

25 Sep, Wed

• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 1000 New Zealand RBNZ Interest Rate Decision 
• 1000 New Zealand RBNZ Rate Statement  
• 1100 New Zealand RBNZ Press Conference  
• 2200 US New Home Sales (Aug)
• 2230 US Crude Oil Inventories 

26 Sep, Thu

• 2030 US GDP (QoQ) (Q2)
• 2200 US Pending Home Sales (MoM) (Aug)

27 Sep, Fri

• 0730 Japan Tokyo CPI ex Fresh Food (YoY)
• 2030 US Core Durable Goods Orders (MoM) (Aug)
• 2200 US Michigan Consumer Sentiment Index

Dollar Index tested resistance again

Dollar Index tested 98.7 resistance again and failed to sustain to close lower with a -roc.  On the weekly chart, the Dollar Index broke hlf and recovered some losses.
Resistance at 98.7, TLU2, 99.8, 100.3
Support at TLU1, 97.3, 96.3, TLU4, TLD1, 95.0

COT for Dollar Index

Weekly chart with 50 SMA