Dollar Index closed above trend resistance

Dollar Index tested 97.3 support for few days and rallied to close above TLD1 trend resistance
Resistance at 98.7, TLU1, 99.8, TLU2, 100.3
Support at TLD1, 97.3, TLU4, 96.3, 95.0, 94.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 25 Jan 2020

BDI slumped down from 754.00 (17 Jan) to 557 (25 Jan)
Harpex closed lower from 712.69 (10 Jan) to 711.49 (17 Jan)

COT 

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

• Natural Gas
• Heating Oil
• Orange Juice

Neutral

• None

Up Trend

• Palladium

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

• Coffee
• Rough Rice
• 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 25 Jan 2020

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

BDI and Harpex closed lower.

Dollar Index closed above trend resistance.

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, 29,407, 31,236, 33,365

Potential support around 28,730, 28,195, 27,350, 26,976, 26,627, 26,245, 25,784

S&P
Daily UT, Weekly UT

Potential resistance around 3,326, 3,454, 3,690

Potential support around 3,256, 3,249, 3,219, 3,155, 3,072, 3,022, 2,983, 2,940, 2,874

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,166, 9,243, 9,873

Potential support around 8,954, 8,781, 8,428, 8,196, 8,002, 7,859, 7,706, 7,516

Russell
Daily UT, Weekly UT
Potential resistance around 1,683, 1,708, 1,743, 1,779, 1910

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

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

27 Jan, Mon

• Australia, China, Hong Kong, Singapore Holiday
• 1700 German Ifo Business Climate Index (Jan)
• 2300 New Home Sales (Dec)

28 Jan, Tue

• China, Hong Kong Holiday
• 2130 US Core Durable Goods Orders (MoM) (Dec)
• 2300 US CB Consumer Confidence (Jan) 

29 Jan, Wed

• China Holiday
• 0830 Australia CPI (QoQ) (Q4)
• 2130 US Goods Trade Balance
• 2300 US Pending Home Sales (MoM) (Dec)
• 2330 US Crude Oil Inventories 

30 Jan, Thu

• China Holiday
• 0300 US FOMC Statement  
• 0300 US Fed Interest Rate Decision 
• 0330 US FOMC Press Conference  
• 1655 German Unemployment Change (Jan)
• 2000 UK BoE Inflation Report  
• 2000 UK BoE Interest Rate Decision (Jan) 
• 2000 UK BoE MPC Meeting Minutes  
• 2030 UK BoE Gov Carney Speaks  
• 2130 US GDP (QoQ) (Q4)  

31 Jan, Fri

• 0800 UK Brexit Day - UK leaves the EU
• 0830 Australia Producer Price Index
• 0900 China Manufacturing PMI (Jan)
• 1800 Europe CPI (YoY) (Jan)  
• 1800 Europe Gross Domestic Product s.a.
• 2130 Canada GDP (MoM) (Nov)
• 2300 US Michigan Consumer Sentiment Index

Dollar Index closed above resistance

Dollar Index tested 97.3 resistance and closed above it
Resistance at TLD1, TLU1, 98.7, 99.8, TLU2, 100.3
Support at 97.3, TLU4, 96.3, 95.0, 94.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 18 Jan 2020

BDI closed lower from 774.0 (10 Jan) to 754.00 (17 Jan)
Harpex no change at 712.69 (10 Jan)

COT 

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

• Natural Gas
• Orange Juice

Neutral

• Heating Oil

Up Trend

• None

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

• Soybean Oil
• Coffee
• Rough Rice
• 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 18 Jan 2020

US markets closed higher and created the new historic high except for Russell closed higher but did not create a historic high.

BDI closed lower.

Dollar Index closed above resistance.

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 31,236, 33,365

Potential support around 29,106, 28,761,28,195, 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 3,249, 3,219, 3,155, 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 8,808, 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 1,683, 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)

20 Jan, Mon

• US holiday
• 0930 China PBoC Loan Prime Rate 

21 Jan, Tue

• 0230 Europe ECB President Lagarde Speaks  
• 1100 Japan BoJ Outlook Report (YoY)  
• 1730 UK Average Earnings Index +Bonus (Nov)
• 1730 UK Claimant Count Change (Dec)
• 1800 German ZEW Economic Sentiment (Jan)

22 Jan, Wed

• 1730 UK Retail Sales (MoM) (Dec)
• 2130 Canada Core CPI (MoM) (Dec)
• 2300 US Existing Home Sales (Dec) 
• 2300 Canada BoC Monetary Policy Report 
• 2300 Canada BoC Interest Rate Decision  

23 Jan, Thu

• 0015 Canada BOC Press Conference  
• 0830 Australia Employment Change (Dec)
• 2045 Europe Deposit Facility Rate (Jan)
• 2045 Europe ECB Marginal Lending Facility 
• 2045 Europe ECB Monetary Policy Statement  
• 2045 Europe ECB Interest Rate Decision 
• 2130 Europe ECB Press Conference  

24 Jan, Fri

• China and South Korea holiday
• 0000 US Crude Oil Inventories 
• 0545 New Zealand CPI (QoQ) (Q4)
• 1630 German Manufacturing PMI (Jan)  
• 1700 German Ifo Business Climate Index (Jan)
• 1730 UK Composite PMI  
• 1730 UK Manufacturing PMI
• 1730 UK Services PMI    
• 1730 Europe ECB President Lagarde Speaks  
• 2130 Canada Core Retail Sales (MoM) (Nov)