Dollar Index closed higher

The dollar index closed higher while consolidating.
Resistance at 106.7, TLU2, 109.7
Support at TLU3, 103.6, TLD2, 102.3, TLU1, TLD1, 100.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 29 Jun 2024

BDI closed higher from 1,997 (21 Jun) to 2,050 (28 Jun)

Harpex closed higher from 1,891 (21 Jun) to 1,941 (28 Jun)

CDFI closed higher from 1,284.01 (21 Jun) to 1,288.12 (28 Jun)

CCFI closed higher from 1,829.22 (21 Jun) to 1,922.46 (28 Jun)

COT     

Download Commodities COT

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

• Soybean Oil  (1)
• Oats (1)
• Lumber (1)
• Cotton (1)
• Palladium
• Crude
• Gasoline

Neutral

• Sugar
• Corn
• Sugar

Up Trend

• Feeder Cattle (1)

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

• None

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 Averages

US Markets 29 Jun 24

The US market closed mixed. While Dow and S&P closed lower, Nasdaq and Russell closed higher. 

BDI, Harpex, CCFI, and CDFI continued to close higher.

The dollar index closed higher while consolidating.

Watch out for

• Manufacturing and Services PMI by multiple countries
• US FOMC Meeting Minutes, NFP (Nonfarm Payrolls)
• Speech by Fed Chair Powell Speaks and ECB President Lagarde
• US short trading week
• UK Election

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 

• S&P

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 Averages.

Dow
Daily UT, Weekly UT
Potential resistance around 39,754, 41,884

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily UT, Weekly UT

Potential resistance around 5,574

Potential support around 5,338, 5,103, 4,867, 4,632, 4,396

Nasdaq
Daily UT, Weekly UT

Potential resistance around 19,986, 20,709

Potential support around 19,264, 18,542, 17,819, 17,097, 16,374

Russell
Daily UT, Weekly UT
Potential resistance around 2,170, 2,300

Potential support around 2,040, 1,910, 1,779, 1,649, 1,519

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

01 Jul, Mon

• Canada and Hong Kong on holiday
• 0945 China Caixin Manufacturing PMI (Jun)
• 1400 UK Nationwide HPI (YoY) (Jun)
• 1555 Germany HCOB Manufacturing PMI (Jun)
• 1600 Europe HCOB Manufacturing PMI (Jun)
• 1630 UK S&P Global/CIPS UK Manufacturing PMI (Jun)
• 2000 Germany CPI (MoM) (Jun) 
• 2145 US S&P Global US Manufacturing PMI (Jun)
• 2200 US ISM Manufacturing PMI (Jun)

02 Jul, Tue

• 0930 Australia RBA Meeting Minutes
• 1700 Europe Core CPI (YoY) 
• 1700 Europe CPI (YoY) 
• 2130 US Fed Chair Powell Speaks 
• 2130 Europe ECB President Lagarde Speaks  
• 2200 US JOLTs Job Openings (May)

03 Jul, Wed

• US market closed early
• 0750 Japan Tankan Large Manufacturers Index
• 0945 China Caixin Services PMI (Jun)
• 1555 Germany HCOB Services PMI (Jun)
• 1600 Europe HCOB Services PMI (Jun)
• 1630 UK S&P Global/CIPS UK Services PMI (Jun)
• 2015 US ADP Nonfarm Employment Change (Jun)
• 2030 US Initial Jobless Claims
• 2145 US S&P Global Services PMI (Jun)
• 2200 US ISM Non-Manufacturing PMI (Jun)
• 2230 US Crude Oil Inventories

04 Jul, Thu

• US on holiday
• 0200 US FOMC Meeting Minutes  
• 1800 UK General Election

05 Jul, Fri

• 2030 US Average Hourly Earnings (MoM) (Jun)
• 2030 US Nonfarm Payrolls (Jun)
• 2030 US Unemployment Rate (Jun)
• 2030 Canada Employment Change (Jun)
• 2030 Canada Unemployment Rate (Jun)
• 2300 US Fed Monetary Policy Report 

Dollar Index closed higher

The dollar index tested and closed above TLU3 resistance. The dollar index closed with an inside day on the weekly chart.
Resistance at 106.7, TLU2, 109.7
Support at TLU3, 103.6, TLD2, 102.3, TLU1, TLD1, 100.3

COT for Dollar Index

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

Weekly chart with 50 SMA

US Markets 22 Jun 24

The US market closed higher. While Dow and Russell consolidated, S&P and Nasdaq closed at historic highs. 

BDI closed higher from 1,948 (14 Jun) to 1,997 (21 Jun)

Harpex closed higher from 1,712 (14 Jun) to 1,891 (21 Jun)

CDFI closed higher from 1,264.71 (14 Jun) to 1,284.01 (21 Jun)

CCFI closed higher from 1,733.47 (14 Jun) to 1,829.22 (21 Jun)

The dollar index tested and closed above TLU3 resistance. The dollar index closed with an inside day on the weekly chart.

Watch out for

• Japan and Canada reporting CPI data
• The US and UK reporting GDP data

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

Dow
Daily Neutral, Weekly UT
Potential resistance around 39,754, 41,884

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily UT, Weekly UT

Potential resistance around 5,574

Potential support around 5,338, 5,103, 4,867, 4,632, 4,396

Nasdaq
Daily UT, Weekly UT

Potential resistance around 19,986, 20,709

Potential support around 19,264, 18,542, 17,819, 17,097, 16,374

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

Potential support around 1,910, 1,779, 1,649, 1,519

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

24 Jun, Mon

• No important data

25 Jun, Tue

• 1300 Japan BoJ Core CPI (YoY)
• 2030 Canada Core CPI (MoM) (May)
• 2030 Canada CPI (MoM) (May)
• 2200 US CB Consumer Confidence (Jun)

26 Jun, Wed

• 2200 US New Home Sales (May)
• 2230 US Crude Oil Inventories

27 Jun, Thu

• 0100 US 5-Year Note Auction
• 2030 US Durable Goods Orders (MoM) (May)
• 2030 US GDP (QoQ) (Q1)

28 Jun, Fri

• New Zealand on holiday
• 1400 UK GDP (YoY)
• 2030 US Core PCE Price Index (YoY) (May)
• 2145 US Chicago PMI (Jun)
• 2300 US Fed Monetary Policy Report

Dollar Index closed higher

The dollar index tested and closed above TLU3 resistance.
Resistance at 106.7, TLU2, 109.7
Support at TLU3, 103.6, TLD2, 102.3, TLU1, TLD1, 100.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 15 Jun 2024

BDI continued to close higher, from 1,881 (07 Jun) to 1,948 (14 Jun)

Harpex closed higher from 1,627 (07 Jun) to 1,712 (14 Jun)

CDFI continued to close higher, from 1,263.49 (07 Jun) to 1,264.71 (14 Jun)

CCFI closed higher from 1,592.57 (07 Jun) to 1,733.47 (14 Jun)

COT     

Download Commodities COT

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

• Sugar (1)
• Soybean Oil 
• Lumber (1)
• Cotton (1)
• Palladium (1)
• Crude
• Gasoline

Neutral

• Feeder Cattle
• Oats

Up Trend

• Corn

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

• Natural Gas

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 Averages

US Markets 15 Jun 24

The US market closed mixed. While Dow and Russell closed lower during consolidation, S&P and Nasdaq closed at historic highs. Russell closed with an outside day on the weekly chart.

BDI, Harpex, CCFI and CDFI continued to close higher.

The dollar index tested and closed above TLU3 resistance.

Watch out for

• Interest rate decisions by China, Australia, Switzerland and the UK
• Manufacturing PMI, Services PMI and CPI by multiple countries

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 

• S&P

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 Averages.

Dow
Daily DT, Weekly UT
Potential resistance around 39,754, 41,884

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily UT, Weekly UT

Potential resistance around 5,574

Potential support around 5,338, 5,103, 4,867, 4,632, 4,396

Nasdaq
Daily UT, Weekly UT

Potential resistance around 19,986, 20,709

Potential support around 19,264, 18,542, 17,819, 17,097, 16,374

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

Potential support around 1,910, 1,779, 1,649, 1,519

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

17 Jun, Mon

• 1000 China Industrial Production (YoY) (May)
• 1000 China Chinese Unemployment Rate (May)
• 2030 US NY Empire State Manufacturing Index (Jun)

18 Jun, Tue

• 1230 Australia RBA Interest Rate Decision (Jun)
• 1700 Europe CPI (YoY) (May)
• 2030 US Core Retail Sales (MoM) (May)
• 2030 US Retail Sales (MoM) (May)

19 Jun, Wed

• US on holiday
• 1400 UK CPI (YoY) (May)

20 Jun, Thu

• 0645 New Zealand GDP (QoQ) (Q1)
• 0915 China PBoC Loan Prime Rate
• 1400 German PPI (MoM) (May)
• 1530 Switzerland SNB Interest Rate Decision (Q2)
• 1900 UK BoE Interest Rate Decision (Jun)
• 2030 US Building Permits (May)  
• 2030 US Philadelphia Fed Manufacturing Index (Jun)
• 2300 US Crude Oil Inventories

21 Jun, Fri

• 0730 Japan National Core CPI (YoY) (May)
• 1400 UK Core Retail Sales (YoY) (May)
• 1400 UK Retail Sales (YoY) (May)
• 1530 German HCOB Manufacturing PMI (Jun) 
• 1530 German HCOB Services PMI (Jun) 
• 1600 Europe HCOB Manufacturing PMI (Jun) 
• 1600 Europe HCOB Services PMI (Jun) 
• 1630 UK S&P Global/CIPS UK Composite PMI  
• 1630 UK S&P Global/CIPS UK Manufacturing PMI  
• 2030 Canada Core Retail Sales (MoM) (Apr)
• 2030 Canada Retail Sales (MoM) (Apr)
• 2145 US S&P Global US Manufacturing PMI (Jun)  
• 2145 US S&P Global Services PMI (Jun) 
• 2200 US Existing Home Sales (May)
• 2300 US Fed Monetary Policy Report  

Dollar Index closed higher

The dollar index tested 103.6 support, rebounded to a consolidating range and closed higher.
Resistance at 106.7, TLU2, 109.7
Support at TLU3, 103.6, TLD2, 102.3, TLU1, TLD1, 100.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 08 Jun 2024

BDI continued to close higher after rebounding, from 1,815 (31 May) to 1,881 (07 Jun)

Harpex closed higher from 1,475 (31 May) to 1,627 (07 Jun)

CDFI continued to close higher after rebounding, from 1,251.24 (31 May) to 1,263.49 (07 Jun)

CCFI closed higher from 1,495.98 (31 May) to 1,592.57 (07 Jun)

COT     

Download Commodities COT

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

• Sugar (1)
• Soybean Oil 
• Lumber (1)
• Feeder Cattle
• Cotton (1)
• Palladium (1)
• Crude

Neutral

• None

Up Trend

• Corn
• Oats  (1)

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

• Natural Gas

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 Averages

US Markets 08 Jun 24

The US market closed higher, except Russell closed lower. While the S&P and Nasdaq closed at historic highs, the Dow and Russell are consolidating.
The Dow and Russell trends turned from Neutral to DT.

While BDI and CDFI continued to close higher after rebounding, Harpex and CCFI continued to close higher.

The dollar index tested 103.6 support, rebounded to a consolidating range and closed higher.

Watch out for

• CPI data by Germany and the US
• GDP data by Japan and the UK
• Interest rate decisions by the US and Japan

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 

• S&P

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 Averages.

Dow
Daily DT, Weekly UT
Potential resistance around 39,754, 41,884

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily UT, Weekly UT

Potential resistance around 5,574

Potential support around 5,338, 5,103, 4,867, 4,632, 4,396

Nasdaq
Daily UT, Weekly UT

Potential resistance around 18,542, 19,264

Potential support around 17,819, 17,097, 16,374, 15,652

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

Potential support around 1,910, 1,779, 1,649, 1,519

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

10 Jun, Mon

• Australia, China and Hong Kong on holiday
• 0750 Japan GDP (QoQ) (Q1)

11 Jun, Tue

• 1400 UK Unemployment Rate (Apr)
• 1400 UK Employment Change

12 Jun, Wed

• 0930 China CPI (YoY) (May)
• 1400 UK GDP (MoM) (Apr)
• 1400 German CPI (MoM) (May)
• 2030 US Core CPI (MoM) (May)
• 2030 US CPI (MoM) (May)
• 2230 US Crude Oil Inventories

13 Jun, Thu

• 0200 US FOMC Statement
• 0200 US Fed Interest Rate Decision
• 0230 US FOMC Press Conference 
• 0930 Australia Unemployment Rate (May) 
• 0930 Australia Employment Change (May)
• 2030 US Initial Jobless Claims
• 2030 US PPI (MoM) (May)

14 Jun, Fri

• 0100 US 30-Year Bond Auction
• 1100 Japan BoJ Interest Rate Decision
• 2200 US Michigan Consumer Sentiment (Jun)  
• 2300 US Fed Monetary Policy Report 

Dollar Index closed lower

The dollar index closed lower while consolidating. The dollar index tested and closed below TLU3.
Resistance at 106.7, TLU2, 109.7
Support at TLU3, 103.6, TLD2, 102.3, TLU1, TLD1, 100.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 01 Jun 2024

BDI rebounded to close higher, from 1,797 (24 May) to 1,815 (31 May)

Harpex closed higher from 1,434 (24 May) to 1,475 (31 May)

CDFI rebounded to close higher, from 1,239.00 (24 May) to 1,251.24 (31 May)

CCFI closed higher from 1,389.16 (24 May) to 1,495.98 (31 May)

COT     

Download Commodities COT

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

• Sugar (1)
• Soybean Oil 
• Lumber (1)
• Cotton
• Palladium
• Crude

Neutral

• None

Up Trend

• Corn

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

• Natural Gas
• Copper

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 Averages

US Markets 01 Jun 24

The US market closed lower. The Nasdaq closed with an outside day on the weekly chart.  The Dow and Russell trends turned from UT to Neutral.

While BDI and CDFI rebounded to close higher, Harpex and CCFI continued to close higher.

The dollar index closed lower while consolidating. The dollar index tested and closed below TLU3.

Watch out for

• Manufacturing PMI and Services PMI by multiple countries
• Interest rate decisions by Canada and Europe
• US NFP

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 

• S&P

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 Averages.

Dow
Daily Neutral, Weekly UT
Potential resistance around 39,754, 41,884

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily UT, Weekly UT

Potential resistance around 5,338, 5,574

Potential support around 5,103, 4,867, 4,632, 4,396

Nasdaq
Daily UT, Weekly UT

Potential resistance around 18,542, 19,264

Potential support around 17,819, 17,097, 16,374, 15,652

Russell
Daily Neutral, Weekly UT
Potential resistance around 2,170, 2,300

Potential support around 2,040, 1,910, 1,779, 1,649, 1,519

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

03 Jun, Mon

• New Zealand on holiday
• 1555 German HCOB Manufacturing PMI (May)
• 1600 Europe HCOB Manufacturing PMI (May)
• 2145 US S&P Global US Manufacturing PMI (May)
• 2200 US ISM Manufacturing PMI (May)

04 Jun, Tue

• 0930 Australia Retail Sales (MoM)
• 2200 US JOLTs Job Openings (Apr)

05 Jun, Wed

• 0930 Australia GDP (QoQ) (Q1)
• 0945 China Caixin Services PMI (May)
• 1555 German HCOB Services PMI (May)
• 1600 Europe HCOB Services PMI (May)
• 1630 UK S&P Global/CIPS UK Services PMI (May)
• 2015 US ADP Nonfarm Employment Change (May)
• 2130 Canada S&P Global Services PMI (May)
• 2145 US S&P Global Services PMI (May)
• 2145 Canada BoC Interest Rate Decision
• 2200 US ISM Non-Manufacturing PMI (May)
• 2230 US Crude Oil Inventories

06 Jun, Thu

• 2015 Europe Deposit Facility Rate (Jun)
• 2015 Europe ECB Interest Rate Decision (Jun)
• 2030 US Initial Jobless Claims
• 2045 Europe ECB Press Conference 
• 2200 Canada Ivey PMI (May)

07 Jun, Fri

• 1700 Europe GDP (YoY)
• 2030 US Average Hourly Earnings (MoM) (May)
• 2030 US Nonfarm Payrolls (May)
• 2030 US Unemployment Rate (May)
• 2030 Canada Employment Change (May)
• 2030 Canada Unemployment Rate (May)