No update for this week

Due to unforeseen circumstance, this blog will not be updated this week due to personal commitments.

Dollar Index broke support

After it failed to close above TLU1, it broke and closed below 95.0 level.
Resistance at 95.0, TLU1, 96.3, 97.3, 98.7
Support at 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 13 Oct 18

BDI closed at 1579 (12 Oct)
Harpex closed at 532.28 (05 Oct)

COT 

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

• Cocoa
• Soybeans
• Corn
• Silver
• Orange Juice
• Rough Rice

Neutral

• Coffee
• Gold (1)
• Platinum

Up Trend

• Sugar
• Natural Gas (1)
• Crude (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 trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

US Markets 13 Oct 18

US markets slumped down.  On the weekly charts, it tested one of the strong support level and closed above it.

Dollar Index broke 95.0 support level and closed below.

Watch out for US FOMC Meeting Minutes on 18 Oct 0200 Hrs and China GDP on 19 Oct.

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

• None

Neutral 

• Nasdaq

DT 

• None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT 

• None

Neutral 

• None

DT 

• None

COT show dealer seems to be picking up, any entry goes small for now.

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 Neutral, Weekly UT
Potential resistance around 25,649, 25,784, 26,627, TLU11, 26,976, 29,106

Potential support around 25,336, 24,841, 24,170, 23,567, 23,435, 23,175

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,786, 2,814, 2,825, 2,874, 2,940, 2,983, 3,219

Potential support around 2,710, 2,593 2,551, 2,506, 2,480, 2,450

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

Potential support around 7,134, 6,982, 6,857, TLU3, 6,346, TLU4, 6,261

Russell
Daily DT, Weekly UT
Potential resistance around 1,585, 1,609, 1,624, 1,683, 1,708, 1,743

Potential support around 1,543, 1,519, 1,508, 1,494, 1,451, 1,420, 1,388

Key event to watch out  (SG Time)

15 Oct, Mon

• 2030 US Core Retail Sales (MoM) (Sep)   
• 2030 US Retail Sales (MoM) (Sep)

16 Oct, Tue

• 0545 New Zealand CPI (QoQ) (Q3) 
• 0930 Australia RBA Meeting Minutes
• 1630 UK Average Earnings Index +Bonus (Aug) 
• 1630 UK Claimant Count Change (Sep)   
• 2200 US JOLTs Job Openings (Aug) 

17 Oct, Wed

• HK holiday
• 1630 UK CPI (YoY) (Sep)
• 1700 Europe CPI (YoY) (Sep)
• 2030 US Building Permits (Sep) 
• 2230 US Crude Oil Inventories

18 Oct, Thu

• 0200 US FOMC Meeting Minutes
• 0830 Australia Employment Change (Sep) 
• 1630 UK Employment Change (Sep)
• 2030 US Philadelphia Fed Manufacturing Index (Oct)

19 Oct, Fri

• 1000 China GDP (YoY) (Q3)
• 1000 China Industrial Production (YoY) (Sep)  
• 2030 Canada Core CPI (MoM) (Sep)
• 2030 Canada Core Retail Sales (MoM) (Aug)   

No update for next 2 weeks

This blog will not be updated for the next 2 weeks due to personal and work commitments.

Dollar Index recovered

On the weekly chart, it broke lhf but gain was trimmed before closing.  It need to stay above 95.0 resistance to be positive.
Resistance at 95.0, TLU1, 96.3, 97.3, 98.7
Support at 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA