No update for next week

As I will be going overseas, blog will not be updated for next week (30 Nov)

Dollar Index recovered

Dollar Index broke pwl and recovered to close higher with a +roc.
Resistance at TLU1, 98.7, 99.8, TLU2, 100.3
Support at 97.3, 96.3, TLU4, TLD1, 95.0, 94.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 23 Nov 19

BDI closed lower from 1,357 (15 Nov) to 1,2884 (22 Nov)
Harpex closed higher from 714.18 (08 Nov) to 716.27 (15 Nov)

COT 

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

• Orange Juice

Neutral

• Copper
• Crude (1)
• Natural Gas
• Heating Oil

Up Trend

• Palladium
• Cotton

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 Market 23 Nov 19

US market broke pwh but failed to hold and closed lower with a -roc.  Russell consolidating for the 3rd week.  This week is a short trading week for US due to holiday on 28 Nov (Thu) and market close early on 29 Nov (Fri)

BDI closed lower while Harpex closed higher.

Dollar Index recovered.

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

• None

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 29,106, 31,236, 33,365

Potential support around 27,350, 26,976, 26,627, 26,245, 25,784, 25,645, 25,326, 24,837

S&P
Daily UT, Weekly UT

Potential resistance around 3,219, 3,454, 3,690

Potential support around 3,072, 3,022, 2,983, 2,940, 2,874, 2,854, 2,825, 2,814

Nasdaq
Daily UT, Weekly UT

Potential resistance around 8,428, 9,150, 9,873

Potential support around 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134, 6,982, 6,516

Russell
Daily UT, Weekly UT
Potential resistance around 1,609, 1,624, 1,649 1,779

Potential support around 1,585,  1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341

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

24 Nov, Mon

• 1700 German Ifo Business Climate Index (Nov)

25 Nov, Tue

• 0800 US Fed's Chair Powell speech
• 2300 US CB Consumer Confidence (Nov) 
• 2300 US New Home Sales (Oct)

26 Nov, Wed

• 1300 UK Inflation Report Hearings
• 2130 US Core Durable Goods Orders (MoM) (Oct)
• 2130 US GDP (QoQ) (Q3)  
• 2300 US Pending Home Sales (MoM) (Oct)
• 2330 US Crude Oil Inventories 

27 Nov, Thu

• US Holidays
• 2100 German Harmonized Index of Consumer Prices (YoY)

28 Nov, Fri

• US Holidays, Market close early.
• 1655 German Unemployment Change (Nov)
• 1800 Europe CPI (YoY) (Nov)  
• 2130 Canada GDP (MoM) (Sep)

29 Nov, Sat

• 1000 China Manufacturing PMI (Nov)

Dollar Index closed lower

Dollar Index broke pwh but failed to sustain and closed lower.
Resistance at TLU1, 98.7, 99.8, TLU2, 100.3
Support at 97.3, 96.3, TLU4, TLD1, 95.0, 94.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 16 Nov 19

BDI closed lower 1,378 (08 Nov) to 1,357 (15 Nov)
No change in Harpex at 714.18 (08 Nov)

COT 

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

• Orange Juice

Neutral

• None

Up Trend

• Palladium
• Soybean Meal 
• Sugar
• Crude (1)
• Natural Gas
• Heating Oil
• Cotton

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

• Soybean Oil

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 Market 16 Nov 19

US market continues to create a new historic high except for Russell broke pwl and closed lower with a very small roc.

BDI closed lower while Harpex remained unchanged

Dollar Index closed lower.

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

• None

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 29,106, 31,236, 33,365

Potential support around 27,350, 26,976, 26,627, 26,245, 25,784, 25,645, 25,326, 24,837

S&P
Daily UT, Weekly UT

Potential resistance around 3,219, 3,454, 3,690

Potential support around 3,022, 2,983, 2,940, 2,874, 2,854, 2,825, 2,814

Nasdaq
Daily UT, Weekly UT

Potential resistance around 8,428, 9,150, 9,873

Potential support around 8,002, 7,859, 7,706, 7,516, 7,282, 7,134, 6,982, 6,516

Russell
Daily UT, Weekly UT
Potential resistance around 1,609, 1,624, 1,649 1,779

Potential support around 1,585,  1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341

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

18 Nov, Mon

• No important data

19 Nov, Tue

• 0830 Australia RBA Meeting Minutes  
• 2130 US Building Permits (Oct)

20 Nov, Wed

• 0930 China PBoC Interest Rate 
• 1300 UK Inflation Report Hearings
• 1700 Europe ECB Publishes Financial Stability Review
• 2130 Canada Core CPI (MoM) (Oct)
• 2230 US Crude Oil Inventories 

21 Nov, Thu

• 0300 US FOMC Meeting Minutes  
• 1800 Europe OECD Economic Outlook
• 2030 Europe ECB Publishes Account of Monetary Policy Meeting  
• 2130 US Philadelphia Fed Manufacturing Index (Nov)
• 2140 Canada BoC Gov Poloz Speaks 
• 2300 US Existing Home Sales (MoM) 

22 Nov, Fri

• 1500 German GDP (QoQ) (Q3) 
• 1630 German Manufacturing PMI (Nov)  
• 1630 Europe ECB's President Lagarde speech
• 1700 Europe Markit PMI Composite
• 1730 UK Manufacturing PMI  
• 1730 UK Services PMI  
• 2130 Canada Core Retail Sales (MoM) (Sep) 
• 2300 US Michigan Consumer Sentiment Index