US Market 28 Nov 2020

US market closed at a historic high.

BDI closed higher from 1,134 (19 Nov) to 1,219 (27 Nov)

Harpex continues to escalate higher, from 947.07 (13 Nov) to 978.68 (20 Nov)

There will be no update on COT this week due to delay release date due to a Federal holiday.

Watch out for various countries reporting GDP, PMI and US NFP on Fri (04 Dec)

Dow

Daily UT, Weekly UT
Potential resistance around 31,236, 33,365

Potential support around  29,407, 29,106, 28,912, 28,195, 27,345, 26,635

S&P
Daily UT, Weekly UT

Potential resistance around 3,690, 3,925

Potential support around 3,579, 3,454, 3,388, 3,219, 3,155, 3,072

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 12,410, 12,762, 13,485

Potential support around 12,040, 11,318, 10,856, 10,595, 10,206, 9,873

Russell
Daily UT, Weekly UT
Potential resistance around 1,910, 2,040

Potential support around 1,779, 1,708, 1,683, 1,649, 1,624, 1,609

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

30 Nov, Mon

• 0900 China Manufacturing PMI (Nov)
• 2130 Canada GDP (MoM)
• 2300 US Pending Home Sales (MoM) (Oct)

01 Dec, Tue

• 0945 China Caixin Manufacturing PMI (Nov)
• 1130 Australia RBA Interest Rate Decision (Dec)
• 1130 Australia RBA Rate Statement
• 1655 German Manufacturing PMI (Nov)
• 1655 German Unemployment Change (Nov)
• 1730 UK Manufacturing PMI (Nov)
• 1800 Europe CPI (YoY) (Nov)  
• 2130 Canada GDP (MoM) (Sep)
• 2300 US ISM Manufacturing PMI (Nov)

02 Dec, Wed

• 0830 Australia GDP (QoQ) (Q3)
• 0830 China Caixin Manufacturing PMI
• 2115 US ADP Nonfarm Employment Change (Nov)
• 2330 US Crude Oil Inventories

03 Dec, Thu

• 1730 UK Composite PMI (Nov)
• 1730 UK Services PMI (Nov)
• 2130 US Initial Jobless Claims
• 2300 US ISM Non-Manufacturing PMI (Nov)

04 Dec, Fri

• 0830 Australia Retail Sales (MoM) (Oct)
• 1730 UK Construction PMI (Nov)
• 2130 US Nonfarm Payrolls (Nov)
• 2130 US Unemployment Rate (Nov)
• 2130 Canada Employment Change (Nov)