Dollar Index closed above the resistance

Dollar Index broke and closed above the 96.3 resistance.
Resistance at 97.3, Trend Channel resistance, 98.7
Support at TLU1, 96.3, 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 10 Nov 18

BDI continues to lower as holiday season approaching, from 1470 (2 Nov) to 1147 (9 Nov)
Harpex also continues to lower to 503.06 (2 Nov) from 509.62 (26 Oct)

COT 

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

• Soybean Oil
• Crude (1)
• Orange Juice (1) 
• Lumber

Neutral

• None

Up Trend

• Soybeans
• Gold
• Natural Gas (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 10 Nov 18

On the weekly chart, US markets broke lhf (except for DOW, broke pwh) but gained was trimmed before closing.

BDI and Harpex continue to slide down.

Dollar Index tested and closed above the resistance.

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

• None

Neutral 

• None

DT 

• Nasdaq

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

Potential support around 25,784, 25,649, 25,336, 24,841, 24,170, 23,567, 23,435, TLU6, 23,175

S&P
Daily DT, 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, 2,406, 2,392, 2,366

Nasdaq
Daily DT, Weekly UT

Potential resistance around 7,134, 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

Potential support around 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 TLU3, 1,341, 1,296

Key event to watch out  (SG Time)

12 Nov, Mon

• No important data

13 Nov, Tue

• 1730 UK Average Earnings Index +Bonus (Sep) 
• 1730 UK Claimant Count Change (Oct)
• 1800 German ZEW Economic Sentiment (Nov) 

14 Nov, Wed

• 0750 Japan GDP (QoQ) (Q3)
• 1000 China Industrial Production (YoY) (Oct)   
• 1500 German GDP (QoQ) (Q3)  
• 1730 UK CPI (YoY) (Oct)  
• 1800 Europe GDP (QoQ) 
• 2130 US Core CPI (MoM) (Oct)
• 2330 US Crude Oil Inventories

15 Nov, Thu

• 0705 US Fed Chair Powell Speaks
• 0830 Australia Employment Change (Oct)
• 1730 US Retail Sales (MoM) (Oct) 
• 2130 US Philadelphia Fed Manufacturing Index (Nov)
• 2130 US Retail Sales (MoM) (Oct) 

16 Nov, Fri

• 1800 Europe Consumer Price Index - Core (YoY)

Dollar Index tested resistance again

Dollar Index broke 96.3 resistance, failed to hold and closed below again
On the weekly chart, it closed with a small +roc.
Resistance at TLU1, 96.3, 97.3, 98.7
Support at 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 03 Nov 18

BDI closed lower at 1470 (2 Nov) from 1519 (26 Oct)
Harpex closed lower at 509.62 (26 Oct) from 516.18 (19 Oct)

COT 

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

• Orange Juice (1) 
• Lumber

Neutral

• Soybeans
• Crude (1)

Up Trend

• Cocoa
• Gold
• Natural Gas (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 03 Nov 18

US markets broke pwl (previous week low) and recovered to close with a +roc.  On the weekly chart, Russell and Dow broke lhf.

BDI and Harpex continue to slide down.

Dollar Index tested the resistance for the second week.

Watch out from Fri at 0200 Hrs, FOMC Statement and US interest rate decision.

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

• None

Neutral 

• None

DT 

• Nasdaq

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 DT, Weekly UT
Potential resistance around  25,336, 25,649, 25,784, 26,627, TLU11, 26,976, 29,106

Potential support around 24,841, 24,170, 23,567, 23,435, TLU6, 23,175, 22,776, 22,121

S&P
Daily DT, 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, 2,406, 2,392, 2,366

Nasdaq
Daily DT, Weekly UT

Potential resistance around 7,134, 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

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

Russell
Daily DT, Weekly UT
Potential resistance around 1,543, 1,585, 1,609, 1,624, 1,683, 1,708, 1,743

Potential support around 1,519, 1,508, 1,494, 1,451, 1,420, 1,388 TLU3, 1,341, 1,296

Key event to watch out  (SG Time)

05 Nov, Mon

• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 0900 Japan Bank of Japan Governor Kuroda Speech
• 1730 UK Services PMI (Oct)
• 2110 CAnada BoC Governor Poloz Speech 
• 2300 US ISM Non-Manufacturing PMI (Oct)

06 Nov, Tue

• 1130 Australia RBA Interest Rate Decision (Nov) 
• 1130 Australia RBA Rate Statement  
• 2300 US JOLTs Job Openings (Sep)  

07 Nov, Wed

• 2300 Canada Ivey PMI (Oct)
• 2330 US Crude Oil Inventories

09 Nov, Thu

• 0400 New Zealand RBNZ Interest Rate Decision    
• 0400 New Zealand RBNZ Rate Statement   
• 0500 New Zealand RBNZ Press Conference   

10 Nov, Fri

• 0300 US FOMC Statement
• 0300 US Fed Interest Rate Decision 
• 0830 Australia RBA Monetary Policy Statement
• 1730 UK GDP (QoQ) (Q3)
• 1730 UK Manufacturing Production (MoM) (Sep) 
• 2130 US PPI (MoM) (Oct)