Dollar index is consolidating

The dollar index closed lower while consolidating.
Resistance at 102.3, 103.6, TLU2, TLU1, 106.7, 109.7
Support at 100.3, 99.8, 9

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 29 Apr 2023

BDI closed higher from 1,504 (21 Apr) to 1,576 (28 Apr)

Harpex closed higher from 1,199 (21 Apr) to 1,217 (28 Apr)

CDFI closed higher from 1,084.6 (21 Apr) to 1,103.26 (28 Apr)

CCFI closed higher from 934.39 (21 Apr) to 964.49 (28 Apr)

COT     

Download Commodities COT

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

• Palladium (1)
• Wheat (1)
• Soybean Oil (1)
• Soybeans
• Corn
• Cotton (1)
• Heating Oil

Neutral

• None

Up Trend

• Gasoline (1)
• Gold

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

• Cocoa

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 are based on 50 Simple Moving Average.

US Markets 29 Apr 23

The US market is consolidating. Dow, S&P and Nasdaq closed higher, while Russell closed lower.

Harpex, BDI, CDFI and CCFI closed higher.

The dollar index closed lower while consolidating.

Watch out for

• Manufacturing PMI from multiple countries
• Interest rate decisions from Australia, Europe and the US
• US NFP
• Short trading week for China and Japan

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

UT 

• None

Neutral 

• Dow
• S&P

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 are based on 50 Simple Moving Average

Dow
Daily Neutral, Weekly Neutral
Potential resistance around 35,495, 37,625, 39,754
Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily Neutral, Weekly Neutral

Potential resistance around 4,161, 4,396, 4,632

Potential support around 3,925, 3,690, 3,454, 3,219

Nasdaq
Daily UT, Weekly Neutral

Potential resistance around 13,485, 14,207, 14,930, 15,652

Potential support around 12,762, 12,040, 11,318, 10,595

Russell
Daily DT, Weekly DT
Potential resistance around 1,779, 1,910, 2,040, 2,170, 2,300

Potential support around 1,649, 1,519, 1,389, 1,259

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

01 May, Mon

• Holiday for Hong Kong, China, Singapore and most of the Europe countries
• 2200 US ISM Manufacturing PMI (Apr)

02 May, Tue

• Holiday for China
• 1230 Australia RBA Interest Rate Decision (May)
• 1230 Australia RBA Rate Statement  
• 1400 German Retail Sales MoM (Mar)
• 1555 German Manufacturing PMI (Apr)
• 1600 Europe Manufacturing PMI (Apr)
• 1630 UK Manufacturing PMI (Apr)
• 1700 Europe CPI (YoY) (Apr)
• 2200 US JOLTs Job Openings (Mar)

03 May, Wed

• Holiday for China
• 0645 New Zealand Employment Change (QoQ) (Q1)
• 0930 Australia Retail Sales (MoM) 
• 2015 US ADP Nonfarm Employment Change (Apr)
• 2145 US Services PMI (Apr)
• 2200 US ISM Non-Manufacturing PMI (Apr)
• 2230 US Crude Oil Inventories

04 May, Thu

• Holiday for Japan 
• 0200 US Fed Interest Rate Decision
• 0230 US FOMC Press Conference  
• 0645 New Zealand Employment Change (QoQ) (Q1)
• 0945 China Caixin Manufacturing PMI (Apr)
• 2015 Europe Deposit Facility Rate (May)
• 2015 Europe ECB Interest Rate Decision (May) 
• 2030 US Initial Jobless Claims
• 2045 Europe ECB Press Conference  
• 2200 Canada Ivey PMI (Apr)

05 May, Fri

• Holiday for Japan
• 0945 China Caixin Services PMI (Apr)
• 1700 Europe Retail Sales MoM (Mar)
• 2030 US Nonfarm Payrolls (Apr)
• 2030 US Unemployment Rate (Apr)
• 2030 Canada Unemployment Rate (Apr)

Dollar Index closed higher

The dollar index continues to close higher with an inside day on the weekly chart.
Resistance at 102.3, 103.6, TLU2, TLU1, 106.7, 109.7
Support at 100.3, 99.8, 98

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 22 Apr 2023

BDI closed higher from 1,435 (14 Apr) to 1,504 (21 Apr)

Harpex closed higher from 1,157 (14 Apr) to 1,199 (21 Apr)

CDFI closed lower from 1,090.67 (14 Apr) to 1,084.6 (21 Apr)

CCFI closed lower from 942.14 (14 Apr) to 934.39 (21 Apr)

COT     

Download Commodities COT

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

• Palladium (1)
• Wheat
• Soybean Oil
• Cotton (1)

Neutral

• None

Up Trend

• Gasoline
• Gold

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

• Cocoa

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 are based on 50 Simple Moving Average.

US Markets 22 Apr 23

The US market closed lower, except Russell closed higher.  The US market is consolidating.  

Harpex and BDI closed higher, while CDFI and CCFI closed lower.

The dollar index continues to close higher with an inside day on the weekly chart.

Watch out for

• Japan BoJ Interest Rate Decision
• GDP data by  multiple countries
• The next US interest rate decision is on 04 Mar 0200 Hrs (SGT)

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

UT 

• S&P

Neutral 

• None

DT 

• Dow

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 are based on 50 Simple Moving Average

Dow
Daily Neutral, Weekly DT
Potential resistance around 35,495, 37,625, 39,754
Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily UT, Weekly DT

Potential resistance around 4,161, 4,396, 4,632

Potential support around 3,925, 3,690, 3,454, 3,219

Nasdaq
Daily UT, Weekly DT

Potential resistance around 13,485, 14,207, 14,930, 15,652

Potential support around 12,762, 12,040, 11,318, 10,595

Russell
Daily DT, Weekly DT
Potential resistance around 1,910, 2,040, 2,170, 2,300

Potential support around 1,779, 1,649, 1,519, 1,389, 1,259

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

24 Apr, Mon

• 1600 German Ifo Business Climate Index (Apr)

25 Apr, Tue

• Australia and New Zealand holiday
• 2200 US CB Consumer Confidence (Apr)
• 2200 US New Home Sales (Mar)

26 Apr, Wed

• 0930 Australia CPI (QoQ) (Q1)
• 2030 US Core Durable Goods Orders (MoM) (Mar)
• 2230 US Crude Oil Inventories

27 Apr, Thu

• 2030 US GDP (QoQ) (Q1)  
• 2030 US Initial Jobless Claims
• 2200 US Pending Home Sales (MoM) (Mar)

28 Apr, Fri

• 1100 Japan BoJ Interest Rate Decision
• 1100 Japan BoJ Outlook Report (YoY)  
• 1400 German GDP (QoQ) (Q1)
• 1555 German Unemployment Change (Apr)
• 2000 German CPI (MoM) (Apr) 
• 2030 US Core PCE Price Index (MoM) (Mar)
• 2030 Canada GDP (MoM) (Feb)

Dollar Index closed lower

The dollar index continues to close lower.
Resistance at 102.3, 103.6, TLU2, TLU1, 106.7, 109.7
Support at 100.3, 99.8, 98

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 15 Apr 2023

BDI closed lower from 1,560 (06 Apr) to 1,435 (14 Apr)

Harpex closed higher from 1,127 (07 Apr) to 1,157 (14 Apr)

CDFI closed lower from 1,113.78 (07 Apr) to 1,090.67 (14 Apr)

CCFI closed lower from 952.89 (07 Apr) to 942.14 (14 Apr)

COT     

Download Commodities COT

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

• Palladium (1)
• Wheat
• Soybean Oil
• Cotton (1)
• Rough Rice

Neutral

• None

Up Trend

• Gasoline
• Gold

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

• Cocoa

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 are based on 50 Simple Moving Average.

US Markets 15 Apr 23

The US market closed higher. Nasdaq and Russell closed with an inside day on the weekly chart.

Harpex closed higher, while BDI, CDFI, and  CCFI closed lower.

The dollar index continues to close lower.

Watch out for

• CPI data by multiple countries
• China GDP and PBoC Loan Prime Rate

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

UT 

• S&P

Neutral 

• None

DT 

• Dow

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 are based on 50 Simple Moving Average

Dow
Daily DT, Weekly DT
Potential resistance around 35,495, 37,625, 39,754
Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily Neutral, Weekly DT

Potential resistance around 4,161, 4,396, 4,632

Potential support around 3,925, 3,690, 3,454, 3,219

Nasdaq
Daily UT, Weekly DT

Potential resistance around 13,485, 14,207, 14,930, 15,652

Potential support around 12,762, 12,040, 11,318, 10,595

Russell
Daily DT, Weekly DT
Potential resistance around 1,910, 2,040, 2,170, 2,300

Potential support around 1,779, 1,649, 1,519, 1,389, 1,259

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

17 Apr, Mon

• No important data

18 Apr, Tue

• 0930 Australia RBA Meeting Minutes 
• 0930 China GDP (YoY) (Q1) 
• 0930 China Industrial Production (YoY) (Mar)
• 1400 UK Claimant Count Change (Mar)
• 1700 German ZEW Economic Sentiment (Apr)
• 2030 US Building Permits (Mar)
• 2030 Canada Core CPI (MoM) (Mar)

19 Apr, Wed

• 1400 UK CPI (YoY) (Mar)
• 1700 Europe CPI (YoY) (Mar)
• 2230 US Crude Oil Inventories

20 Apr, Thu

• 0645 New Zealand CPI (QoQ) (Q1)
• 0915 China PBoC Loan Prime Rate
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting 
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Apr)
• 2200 US Existing Home Sales (Mar)

21 Apr, Fri

• 1400 UK Retail Sales (MoM)
• 1530 German Manufacturing PMI (Apr)  
• 2030 Canada Core Retail Sales (MoM) (Feb)

Dollar Index closed lower

The dollar index closed lower while consolidating.
Resistance at 102.3, 103.6, TLU2, TLU1, 106.7, 109.7
Support at 100.3, 99.8, 98.7

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 08 Apr 2023

BDI closed higher from 1,389 (31 Mar) to 1,560 (06 Apr)

Harpex closed higher from 1,108 (31 Mar) to 1,127 (07 Apr)

CDFI closed higher from 1,058.45 (31 Mar) to 1,113.78 (07 Apr)

CCFI closed lower from 958.43 (31 Mar) to 952.89 (07 Apr)

COT     

Download Commodities COT

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

• Palladium (1)
• Wheat
• Soybean Oil
• Cotton (1)
• Rough Rice
• Heating oil

Neutral

• None

Up Trend

• Gasoline (1)
• Gold

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

• Cocoa

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 are based on 50 Simple Moving Average.

US Markets 08 Apr 23

The US market closed lower, except Dow closed higher. While Nasdaq closed with an inside day on the weekly chart, Russell closed with an outside day.

BDI, Harpex and CDFI closed lower, while CCFI closed lower.

The dollar index closed lower while consolidating.

Watch out for

• CPI data by multiple countries
• Canada Interest Rate Decision
• US FOMC Meeting Minutes 

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

UT 

• S&P

Neutral 

• None

DT 

• Dow

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 are based on 50 Simple Moving Average

Dow
Daily DT, Weekly DT
Potential resistance around 35,495, 37,625, 39,754
Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily UT, Weekly DT

Potential resistance around 4,161, 4,396, 4,632

Potential support around 3,925, 3,690, 3,454, 3,219

Nasdaq
Daily UT, Weekly DT

Potential resistance around 13,485, 14,207, 14,930, 15,652

Potential support around 12,762, 12,040, 11,318, 10,595

Russell
Daily DT, Weekly DT
Potential resistance around 1,779, 1,910, 2,040, 2,170, 2,300

Potential support around 1,649, 1,519, 1,389, 1,259

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

10 Apr, Mon

• Holiday for Australia, New Zealand, Hong Kong and most of the European countries
• No important data

11 Apr, Tue

• 0930 China CPI (YoY) (Mar)
• 0930 China PPI (YoY) (Mar)

12 Apr, Wed

• 2030 US Core CPI (MoM) (Mar)
• 2030 US CPI (MoM) (Mar)
• 2100 UK BoE Gov Bailey Speaks
• 2200 Canada BoC Monetary Policy Report 
• 2200 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories
• 2300 Canada BOC Press Conference

13 Apr, Thu

• 0200 US FOMC Meeting Minutes 
• 0315 UK BoE Gov Bailey Speaks
• 0930 Australia Employment Change (Mar)
• 1400 UK GDP (MoM) (Feb)
• 1400 German CPI (MoM) (Mar)
• 2030 US Initial Jobless Claims

14 Apr, Fri

• 2030 US Core Retail Sales (MoM) (Mar)
• 2030 US Retail Sales (MoM) (Mar)
• 2200 US Michigan Consumer Sentiment (Apr)

Dollar Index is directionless

The dollar index closed lower with an inside day on the weekly chart.
Resistance at 103.6, TLU2, TLU1, 106.7, 109.7
Support at 102.3, 100.3, 99.8, 98.7

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 01 Apr 2023

BDI closed lower from 1,489 (24 Mar) to 1,389 (31 Mar)

Harpex closed higher from 1,105 (24 Mar) to 1,108 (31 Mar)

CDFI closed lower from 1,087.94 (24 Mar) to 1,058.45 (31 Mar)

CCFI closed lower from 977.12 (24 Mar) to 958.43 (31 Mar)

COT     

Download Commodities COT

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

• Palladium (1)
• Wheat (1)
• Soybean Oil
• Cotton (1)
• Rough Rice (1)
• Silver

Neutral

• None

Up Trend

• Gasoline

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

• Cocoa

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 are based on 50 Simple Moving Average.

US Markets 01 Apr 23

The US market closed higher. Russell broke lhf (lower high formation) on the weekly chart.

BDI, CCFI and CDFI closed lower, while Harpex closed higher.

The dollar Index is directionless.

Watch out for

• Manufacturing PMI by multiple countries
• Australia and New Zealand Interest Rate Decision
• US NFP
• Short trading week

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

UT 

• None

Neutral 

• S&P

DT 

• Dow

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 are based on 50 Simple Moving Average

Dow
Daily DT, Weekly DT
Potential resistance around 33,365, 35,495, 37,625, 39,754
Potential support around 31,236, 29,106, 26,976, 24,847

S&P
Daily Neutral, Weekly DT

Potential resistance around 4,161, 4,396, 4,632

Potential support around 3,925, 3,690, 3,454, 3,219, 2,983

Nasdaq
Daily UT, Weekly DT

Potential resistance around 13,485, 14,207, 14,930, 15,652

Potential support around 12,762, 12,040, 11,318, 10,595, 9,873

Russell
Daily DT, Weekly DT
Potential resistance around 1,910, 2,040, 2,170, 2,300

Potential support around 1,779, 1,649, 1,519, 1,389, 1,259

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

03 Apr, Mon

• China Holiday
• 0750 Japan Tankan Large Manufacturers Index (Q1)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q1)
• 0930 Australia Retail Sales (MoM)
• 1555 German Manufacturing PMI (Mar)
• 1600 Europe Manufacturing PMI (Mar)
• 1630 UK Manufacturing PMI (Mar)
• 2130 Canada Manufacturing PMI (Mar)
• 2200 US ISM Manufacturing PMI (Mar)

04 Apr, Tue

• China Holiday
• 1230 Australia RBA Interest Rate Decision (Apr)
• 2200 US JOLTs Job Openings (Feb)

05 Apr, Wed

• China and Hong Kong Holiday
• 1000 New Zealand RBNZ Interest Rate Decision
• 1030 Australia RBA Gov Lowe Speech
• 1555 German S&P Global Services PMI (Mar)
• 1600 Europe S&P Global Services PMI (Mar)
• 2015 US ADP Nonfarm Employment Change (Mar)
• 2200 US ISM Non-Manufacturing PMI (Mar)
• 2230 US Crude Oil Inventories

06 Apr, Thu

• 0945 China Caixin Services PMI (Mar)
• 0945 China Caixin Manufacturing PMI (Mar)
• 2030 US Initial Jobless Claims
• 2030 Canada Employment Change (Mar)
• 2200 Canada Ivey PMI (Mar)

07 Apr, Fri

• Most of the markets are closed for the holiday
• 2030 US Nonfarm Payrolls (Mar)
• 2030 US Unemployment Rate (Mar)