Dollar Index directionless

Dollar Index closed with an inside day on the weekly chart.
Resistance at 97.3, 98.7, TLU1, 99.8
Support at 96.3, 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 11 May 19

BDI closed higher again from 985 (03 May) to 1,013 (10 May)
Harpex edging higher, from 585.66 (26 Apr) to 586.25 (03 May)

COT 

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

• Coffee
• Orange Juice (1) 
• Corn (1) 
• Soybeans (1) 
• Soybean Meal
• Soybean Oil (1) 
• Wheat
• Sugar
• Natural Gas
• Gold (1) 
• Silver
• Palladium
• Lumber (1) 

Neutral

• Cotton 

Up Trend

• Rough Rice (1) 
• Crude (1) 
• Heating Oil (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 11 May 19

On the weekly chart, US markets broke hlf and closed lower.  DOW, S&P and Nasdaq recovered some losses and closed with a small -roc.

BDI and Harpex closed higher.

Dollar Index directionless.

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

• Nasdaq

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 Neutral, Weekly UT
Potential resistance around 26,245, 26,627, 26,976, 29,106

Potential support around 25,784, 25,645, 25,326, 24,837, 24,170, 23,567, 23,435

S&P
Daily UT, Weekly UT

Potential resistance around 2,940, 2,983, 3,219

Potential support around 2,874, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,706, 8,428

Potential support around 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261

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

Potential support around  1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time)
13 May, Mon

• HK holiday
• No important data

14 May, Tue

• 1630 UK Average Earnings Index +Bonus (Mar)
• 1630 UK Claimant Count Change (Apr) 
• 1700 German ZEW Economic Sentiment (May)

15 May, Wed

• 1000 China Industrial Production (YoY) (Apr) 
• 1400 German GDP (QoQ) (Q1) 
• 1700 Europe Gross Domestic Product
• 2030 US Core Retail Sales (MoM) (Apr) 
• 2030 US Retail Sales (MoM) (Apr)
• 2030 Canada Core CPI (MoM) (Apr)
• 2230 US Crude Oil Inventories 

16 May, Thu

• 0930 Australia Employment Change (Apr) 
• 2030 US Building Permits (Apr)
• 2030 US Philadelphia Fed Manufacturing Index (May)

17 May, Fri

• 1700 Europe CPI (YoY) (Apr)
• 2200 US Michigan Consumer Sentiment Index

Dollar Index failed to hold

Dollar Index failed to hold and close below 97.3 support.
On the weekly chart, Dollar Index broke pwl but managed to recover some losses.
Resistance at 97.3, 98.7, TLU1, 99.8
Support at 96.3, 95.0, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 04 May 19

BDI closed higher 889 (26 Apr) to 985 (03 May)
Harpex edging higher, from 585.06 (19 Apr) to 585.66 (26 Apr)

COT 

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

• Coffee
• Orange Juice
• Corn (1) 
• Soybeans (1) 
• Soybean Meal
• Soybean Oil
• Wheat
• Sugar
• Natural Gas (1) 
• Gold 
• Silver
• Lumber (1) 

Neutral

• Rough Rice (1) 

Up Trend

• Crude
• Heating Oil (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 04 May 19

US markets closed higher with a +roc except for Dow closed lower with a -roc.  Russell created a new year high. 

BDI and Harpex closed higher.

Dollar Index failed to hold above support.

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

• Nasdaq

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 26,627, 26,976, 29,106

Potential support around 26,245, 25,784, 25,645, 25,326, 24,837, 24,170, 23,567, 23,435

S&P
Daily UT, Weekly UT

Potential resistance around 2,983, 3,219

Potential support around 2,940, 2,874, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT, Weekly UT

Potential resistance around 8,428

Potential support around 7,706, 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around 1,624, 1,683, 1,708

Potential support around 1,609, 1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time)

06 May, Mon

• Japan and UK holiday
• No imporant data

07 May, Tue

• 0145 Canada BoC Gov Poloz Speaks  
• 0930 Australia Retail Sales (MoM) (Mar)
• 1230 Australia RBA Interest Rate Decision (May)
• 1230 Australia RBA Rate Statement  
• 2200 US JOLTs Job Openings (Mar)
• 2200 Canada Ivey PMI (Apr)

08 May, Wed

• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 1000 New Zealand RBNZ Interest Rate Decision 
• 1000 New Zealand RBNZ Rate Statement  
• 1100 New Zealand RBNZ Press Conference
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting  
• 2230 US Crude Oil Inventories 

09 May, Thu

• 0930 China Consumer Price Index (YoY)
• 2030 US PPI (MoM) (Apr)
• 2030 US Trade Balance

10 May, Fri

• 0930 Australia RBA Monetary Policy Statement
• 1630 UK GDP
• 1630 UK Manufacturing Production (MoM) (Mar)
• 1630 UK Monthly GDP 3M/3M Change 
• 2030 US Core CPI (MoM) (Apr)
• 2030 Canada Employment Change (Apr)