Dollar Index closed higher

The dollar index broke lhf (lower high formation) and closed higher on the weekly chart. The dollar index may test 93.3 resistance again.
Resistance at 93.3, 94.0, 95.0, 96.3, 97.3
Support at 92.0, 90.6, TLD1, TLD2, 88.88, 86.8

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 24 Jul 2021

BDI closed higher from 3,039 (16 Jul) to 3,199 (23 Jul)

Harpex closed higher from 2,695.69 (09 Jul) to 3,023.70 (16 Jul)

CDFI closed higher from 1,518.00 (16 Jul) to 1,607.45 (23 Jul)

CCFI close higher from 2,771.54 (16 Jul) to 2,854.02 (23 Jul)

COT 

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

• Cocoa
• Gold
• Palladium

Neutral

• None

Up Trend

• Gasoline (1)
• Feeder Cattle

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

• Heating Oil
• Orange Juice

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 a trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

US Market 24 Jul 2021

US market closed higher.  Dow, S&P and Nasdaq closed at a historic high with an outside day on the weekly chart.  Russell broke pwl (previous week low), recovered and closed higher; still consolidating.

Harpex, BDI, CDFI, and CCFI closed higher.

The dollar index closed higher.

Watch out for

• Speech by Japan BoJ's Governor Kuroda
• CPI and GDP data from various countries
• US Interest rate decision, FOMC statement and Press conference
• China Manufacturing and Non-Manufacturing PMI

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

UT 

• None

Neutral 

• Russell

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 35,495

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily UT, Weekly UT

Potential resistance around 4,632

Potential support around 4,396, 4,161, 3,925, 3,690, 3,579, 3,454

Nasdaq
Daily UT, Weekly UT

Potential resistance around 15,652

Potential support around 114,930, 4,207, 13,485, 12,762, 12,410, 12,040

Russell
Daily Neutral, Weekly UT
Potential resistance around 2,300, 2,430, 2,561

Potential support around 2,170, 2,040, 1,910, 1,779, 1,743, 1,708

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

26 Jul, Mon

• 1600 German Ifo Business Climate Index (Jul)
• 2200 New Home Sales (Jun)

27 Jul, Tue

• 1530 Japan BoJ's Governor Kuroda speech
• 2030 US Core Durable Goods Orders (MoM) (Jun)
• 2200 US CB Consumer Confidence (Jul)

28 Jul, Wed

• 0930 Australia CPI (QoQ) (Q2)
• 2030 Canada Core CPI (MoM) (Jun)
• 2030 US Goods Trade Balance
• 2230 US Crude Oil Inventories

29 Jul, Thu

• 0200 US FOMC Statement
• 0200 US Fed Interest Rate Decision
• 0230 US FOMC Press Conference  
• 1555 German Unemployment Change (Jul)
• 2000 German Harmonized Index of Consumer Prices (YoY)
• 2030 US GDP (QoQ) (Q2)
• 2030 US Initial Jobless Claims
• 2200 US Pending Home Sales (Jun)

30 Jul, Fri

• 0930 Australia Producer Price Index
• 1400 German GDP (QoQ) (Q2)
• 1700 Europe CPI (YoY) (Jul)
• 1700 Europe Gross Domestic Product s.a. (QoQ)
• 2030 Canada GDP (MoM) (May)
• 2200 US Michigan Consumer Sentiment Index

31 Jul, Sat

• 0900 China Manufacturing PMI (Jul)
• 0900 China Non-Manufacturing PMI

Dollar Index closed higher

The dollar index closed higher with an inside day on the weekly chart.
Resistance at 93.3, 94.0, 95.0, 96.3, 97.3
Support at 92.0, 90.6, TLD1, TLD2, 88.88, 86.8

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 17 Jul 2021

BDI closed lower from 3,300 (08 Jul) to 3,039 (16 Jul)

Harpex closed higher from 2,406.44 (02 Jul) to 2,695.69 (09 Jul)

CDFI closed lower from 1,588.57 (09 Jul) to 1,518 (16 Jul)

CCFI close higher from 2,698.83 (09 Jul) to 2,771.54 (16 Jul)

COT 

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

• Cocoa

Neutral

• Gold

Up Trend

• Gasoline
• Feeder Cattle

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

• Heating 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 a trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

US Market 17 Jul 2021

US market closed lower. 
DOW, S&P and Nasdaq broke pwh (previous week high) and reversed to close lower while Russell consolidating.

Harpex and CCFI continue to close higher while BDI and CDFI closed lower.

The dollar index closed higher.

Watch out for

• China and Europe Interest rate decision
• Short trading week for Japan (Thu and Fri holiday)

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 35,495

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily UT, Weekly UT

Potential resistance around 4,396, 4,632

Potential support around 4,161, 3,925, 3,690, 3,579, 3,454, 3,388

Nasdaq
Daily UT, Weekly UT

Potential resistance around 14,930, 15,652

Potential support around 14,207, 13,485, 12,762, 12,410, 12,040, 11,318

Russell
Daily DT, Weekly UT
Potential resistance around 2,170, 2,300, 2,430, 2,561

Potential support around 2,040, 1,910, 1,779, 1,743, 1,708

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

19 Jul, Mon

• No important data

20 Jul, Tue

• Singapore holiday
• 0930 Australia RBA Meeting Minutes  
• 0930 China PBoC Interest Rate Decision
• 1600 Europe ECB Bank Lending Survey
• 2030 US Building Permits (Jun)

21 Jul, Wed

• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 0930 Australia Retail Sales s.a. (MoM)
• 2230 US Crude Oil Inventories

22 Jul, Thu

• Japan holiday
• 1945 Europe Deposit Facility Rate (Jul)
• 1945 Europe ECB Marginal Lending Facility
• 1945 Europe ECB Interest Rate Decision (Jul)
• 2030 Europe ECB Monetary Policy Statement and Press Conference
• 2030 US Initial Jobless Claims
• 2200 US Existing Home Sales (Jun)

23 Jul, Fri

• Japan holiday
• 0645 Australia RBA's Governor Lowe speech
• 1400 UK Retail Sales (MoM) (Jun)
• 1530 German Manufacturing PMI (Jul)
• 1600 Europe Markit PMI Composite
• 1630 UK Services PMI  
• 2030 Canada Core Retail Sales (MoM) (May)

Dollar Index closed lower

The dollar index broke pwh (previous week high), failed to sustain and reversed to close lower.
Resistance at 93.3, 94.0, 95.0, 96.3, 97.3
Support at 92.0, 90.6, TLD1, TLD2, 88.88, 86.8

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 10 Jul 2021

BDI closed higher 3,285 (02 Jul) to 3,300 (08 Jul)

Harpex closed higher from 2,212.31 (25 Jun) to 2,406.44 (02 Jul)

CDFI closed higher this week from 1,584.91 (02 Jul) to 1,588.57 (09 Jul)

CCFI close higher from 2,653.32 (02 Jul) to 2,698.83 (09 Jul)

COT 

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

• Cocoa

Neutral

• None

Up Trend

• Gold
• Gasoline
• Feeder Cattle

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

• Heating 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 a trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

US Market 10 Jul 2021

US market closed at a new historic high except Russell closed lower and consolidating.

BDI, Harpex, CDFI, and CCFI closed higher

The dollar index closed lower.

Watch out for

• New Zealand, Canada and Japan Interest Rate decision and statement
• US Fed's Chair Powell testifies
• China GDP and Industrial Production
• Various countries reporting CPI data

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 35,495

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily UT, Weekly UT

Potential resistance around 4,396, 4,632

Potential support around 4,161, 3,925, 3,690, 3,579, 3,454, 3,388

Nasdaq
Daily UT, Weekly UT

Potential resistance around 14,930, 15,652

Potential support around 14,207, 13,485, 12,762, 12,410, 12,040, 11,318

Russell
Daily Neutral, Weekly UT
Potential resistance around 2,430, 2,561

Potential support around 2,300, 2,170, 2,040, 1,910, 1,779

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

12 Jul, Mon

• No important data

13 Jul, Tue

• 1400 German Harmonized Index of Consumer Prices (YoY)
• 2030 US Core CPI (MoM) (Jun)

14 Jul, Wed

• 1000 New Zealand RBNZ Interest Rate Decision
• 1000 New Zealand RBNZ Rate Statement  
• 1400 UK CPI (YoY) (Jun)
• 2030 US PPI (MoM) (Jun)
• 2200 Canada BoC Monetary Policy Report 
• 2200 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories
• 2315 Canada BOC Press Conference 

15 Jul, Thu

• 0000 US Fed's Chair Powell testifies
• 0930 Australia Employment Change (Jun)
• 1000 China GDP (YoY) (Q2)
• 1000 China Industrial Production (YoY) (Jun)
• 1400 UK Average Earnings Index +Bonus (May)
• 1400 UK Claimant Count Change (Jun)
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Jul)
• 2130 US Fed's Chair Powell testifies

16 Jul, Fri

• 0645 New Zealand CPI (QoQ) (Q2)
• 1100 Japan BoJ Monetary Policy Statement 
• 1100 Japan BoJ Outlook Report (YoY) 
• 1400 Japan BoJ Press Conference  
• 1700 Europe CPI (YoY) (Jun)
• 2030 US Core Retail Sales (MoM) (Jun)
• 2030 US Retail Sales (MoM) (Jun)
• 2200 US Michigan Consumer Sentiment Index

Dollar Index closed higher

The dollar index broke lhf (lower high formation) on the weekly chart and closed higher.
Resistance at 93.3, 94.0, 95.0, 96.3, 97.3
Support at 92.0, TLD1, 90.6, TLD2, 88.88, 86.8

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 03 Jul 2021

BDI closed higher 3,255 (24 Jun) to 3,285 (02 Jul)

Harpex closed higher from 2,117.19 (18 Jun) to 2,212.31 (25 Jun)

CDFI closed higher this week from 1,562.81 (25 Jun) to 1584.91 (02 Jul)

CCFI close higher from 2,591.41 (25 Jun) to 2,653.32 (02 Jul)

COT 

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

• Palladium

Neutral

• Gold

Up Trend

• None

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

• Coffee
• Heating 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 a trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

US Market 03 Jul 2021

US market closed higher except Russell closed lower. 
S&P and Nasdaq closed with a new historic high.  Dow and Russell are consolidating.

BDI, Harpex, CDFI, and CCFI closed higher

The dollar index closed higher.

Watch out for

• RBA Rate Statement 
• FOMC Meeting Minutes
• China Consumer Price Index 

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 35,495

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily UT, Weekly UT

Potential resistance around 4,396

Potential support around 4,161, 3,925, 3,690, 3,579, 3,454, 3,388

Nasdaq
Daily UT, Weekly UT

Potential resistance around 14,930

Potential support around 14,207, 13,485, 12,762, 12,410, 12,040, 11,318

Russell
Daily UT, Weekly UT
Potential resistance around 2,430

Potential support around 2,300, 2,170, 2,040, 1,910, 1,779

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

05 Jul, Mon

• US holiday
• 0930 Australia Retail Sales (MoM) (May)
• 1630 UK Services PMI (Jun)
• 1630 UK Composite PMI (Jun)

06 Jul, Tue

• 1230 Australia RBA Interest Rate Decision (Jul)
• 1230 Australia RBA Rate Statement  
• 1400 Australia RBA's Governor Lowe speech
• 1630 UK Construction PMI (Jun)
• 1700 Europe Retail Sales (YoY)
• 1700 German ZEW Economic Sentiment (Jul)
• 2200 US ISM Non-Manufacturing PMI (Jun)

07 Jul, Wed

• 2200 US JOLTs Job Openings (May)
• 2200 Canada Ivey PMI (Jun)

08 Jul, Thu

• 0200 US FOMC Meeting Minutes
• 0750 Japan Current Account n.s.a.
• 1015 Australia RBA's Governor Lowe speech
• 2030 US Initial Jobless Claims
• 2300 US Crude Oil Inventories

09 Jul, Fri

• 0930 China Consumer Price Index (YoY)
• 1400 UK GDP 
• 1400 UK Manufacturing Production (MoM) (May)
• 1400 UK Monthly GDP 3M/3M Change
• 1800 Europe ECB President Lagarde Speaks
• 2030 Canada Employment Change (Jun)