Dollar Index rebounded

Dollar Index tested trend support (TLU4) and rebounded.  Tested 97.3 resistance, failed to overcome and closed below it.
Resistance at 97.3, TLU1, 98.7, 99.8, TLU2, 100.3
Support at 96.3, TLU4, TLD1, 95.0, 94.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 21 Dec 19

BDI closed lower from 1,355 (13 Dec) to 1,123 (20 Dec)
Harpex closed lower from 716.27 (06 Dec) to 715.67 (13 Dec)

COT 

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

• None

Neutral

• Natural Gas
• Orange Juice

Up Trend

• Crude (1)
• Heating Oil
• Cotton

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

• Soybean Oil
• Coffee
• Platinum

Neutral

• Cocoa

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 21 Dec 19

US market closed higher.  Dow, S&P and Nasdaq created the historic highs.  Russell broke recent range-bound and created the year-high.

Dollar Index closed higher.

BDI and Harpex closed lower.

The next update will be on 12 Jan 2020 due to delay release of COT report.

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

• Dow

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

S&P
Daily UT, Weekly UT

Potential resistance around 3,454, 3,690

Potential support around 3,219, 3,072, 3,022, 2,983, 2,940, 2,874, 2,854, 2,825, 2,814

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,150, 9,873

Potential support around 8,428, 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134

Russell
Daily UT, Weekly UT
Potential resistance around 1,708, 1,743, 1,779, 1910

Potential support around 1,649, 1,624, 1,609, 1,585, 1,543, 1,519, 1,508, 1,451, 1,420

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

 23 Dec, Mon

• 2030 US Core Durable Goods Orders (MoM) (Nov) 
• 2130 Canada GDP (MoM) (Oct)
• 2300 US New Home Sales (Nov)

24 Dec, Tue

• Most market closed early while some are closed for holiday
• 0750 Japan BoJ Monetary Policy Meeting Minutes

25 Dec, Wed

• Most market are closed 
• No important data

26 Dec, Thu

• Some market remained closed 
• 0800 Japan BoJ's Governor Kuroda speech

27 Dec, Fri

• 2330 US Crude Oil Inventories 

Dollar Index continues to close lower

Dollar Index broke 97.3 support but some losses were trimmed before closing.  On the weekly chart, it closed lower with a +roc.
Resistance at 97.3, TLU1, 98.7, 99.8, TLU2, 100.3
Support at 96.3, TLU4, TLD1, 95.0, 94.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 14 Dec 19

BDI closed lower from 1,558 (06 Dec) to 1,355 (13 Dec)
Harpex closed lower from 717.46 (29 Nov) to 716.27 (06 Dec)

COT 

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

• Natural Gas
• Orange Juice

Neutral

• Soybean Meal

Up Trend

• Crude
• Heating Oil
• Palladium
• Cotton

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

• Soybean Oil
• Coffee
• Cocoa
• Platinum

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 14 Dec 19

US market closed higher.  On the weekly chart, Dow, S&P and Nasdaq broke lhf.  S&P and Nasdaq closed at historic highs.

Dollar Index closed lower.

BDI and Harpex closed lower.

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

• Dow
• Nasdaq

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

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 9,150, 9,873

Potential support around 8,428, 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134

Russell
Daily UT, Weekly UT
Potential resistance around 1,649 1,779, 1910

Potential support around 1,624, 1,609, 1,585,  1,543, 1,519, 1,508, 1,451, 1,420

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

16 Dec, Mon

• 1000 China Industrial Production (YoY) (Nov) 
• 1630 German Manufacturing PMI (Dec)  
• 1700 Eruope Markit Manufacturing PMI 
• 1730 UK Composite PMI
• 1730 UK Manufacturing PMI  
• 1730 UK Services PMI  

17 Dec, Tue

• 0830 Australia RBA Meeting Minutes  
• 1730 UK Average Earnings Index +Bonus (Oct)
• 1730 UK Claimant Count Change (Nov) 
• 2130 US Building Permits (Nov)
• 2300 US JOLTs Job Openings (Oct) 

18 Dec, Wed

• 1630 Europe ECB's President Lagarde speech
• 1700 German Ifo Business Climate Index (Dec)
• 1730 UK CPI (YoY) (Nov
• 1800 Europe CPI (YoY) (Nov)
• 2130 Canada Core CPI (MoM) (Nov)
• 2330 US Crude Oil Inventories 

19 Dec, Thu

• 0545 New Zealand GDP (QoQ) (Q3)
• 0830 Australia Employment Change (Nov)
• 1100 Japan BoJ Monetary Policy Statement 
• 1100 Japan BoJ Interest Rate Decision
• 1430 Japan BoJ Press Conference  
• 2000 UK BoE MPC Meeting Minutes  
• 2000 UK BoE Interest Rate Decision
• 2130 US Philadelphia Fed Manufacturing Index (Dec)
• 2300 US Existing Home Sales (Nov)

20 Dec, Fri

• 0930 China PBoC Loan Prime Rate 
• 1730 UK GDP (QoQ) (Q3)
• 2130 US GDP (QoQ) (Q3)
• 2130 Canada Core Retail Sales (MoM) (Oct)
• 2300 US Michigan Consumer Sentiment Index