US Market 05 Dec 2020

US market closed at a historic high again.

BDI closed lower, Harpex broke 1,000 mark barrier.

Dollar Index tested and closed above support.

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 31,236, 33,365

Potential support around  29,407, 29,106, 28,912, 28,195, 27,345, 26,635, 25,784

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, 3,022

Nasdaq
Daily UT, Weekly UT

Potential resistance around 12,762, 13,485

Potential support around 12,410, 12,040, 11,318, 10,856, 10,595, 10,206

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

Potential support around 1,779, 1,743, 1,708, 1,683, 1,649, 1,624, 1,609

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

07 Dec, Mon

• 0605 Australia RBA's Governor Lowe speech
• 2300 Canada Ivey PMI (Nov)

08 Dec, Tue

• 0750 Japan GDP (Q3)
• 1800 Europe GDP
• 1800 German ZEW Economic Sentiment (Dec)
• 2000 US EIA Short-Term Energy Outlook 

09 Dec, Wed

• 0930 China Consumer Price Index
• 2300 US JOLTs Job Openings (Oct)
• 2300 Canada BoC Interest Rate Decision
• 2330 US Crude Oil Inventories

10 Dec, Thu

• 0800 Europe European Council Meeting
• 1500 UK GDP (MoM)
• 2045 Europe ECB Monetary Policy Statement 
• 2045 Europe ECB Interest Rate Decision (Dec)
• 2130 US Core CPI (MoM) (Nov)
• 2130 US Initial Jobless Claims
• 2130 Europe ECB Press Conference  

11 Dec, Fri

• 0800 Europe European Council Meeting
• 1500 German Harmonized Index of Consumer Prices
• 2130 US PPI (MoM) (Nov)
• 2300 US Michigan Consumer Sentiment Index