Dollar Index closed higher

The dollar index broke out and closed higher.
Resistance at TLD1, 109.7, 112.6
Support at 106.7, 103.6, TLU2, 102.3, 100.3

Dollar Index Strong Trend Resistance

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 09 Jul 2022

BDI closed lower from 2,240 (01 Jul) to 2,067 (08 Jul)

Harpex closed lower from 4,467 (01 Jul) to 4,461 (08 Jul)

CDFI closed lower from 1,604.43 (01 Jul) to 1,566.99 (08 Jul)

CCFI closed lower from 3,271.07 (01 Jul) to 3,232.18 (08 Jul)

COT     

Download Commodities COT

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

• Palladium (1)
• Platinum
• Gold (1)
• Silver (1)
• Copper
• Cocoa
• Suhar
• Wheat
• Soybean Oil
• Lumber (1)

Neutral

• None

Up Trend

• Gasoline (1)
• Feeder Cattle (1)

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

• None

Neutral

• None

Down Trend

• Orange Juice

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 Market 09 Jul 2022

US market closed higher.  Dow and Russell broke pwl (previous week low) and recovered while S&P and Nasdaq closed with an inside day on the weekly chart.

BDI, CDFI, Harpex, and CCFI closed lower.

The dollar index broke out and closed higher.

Watch out for

• Interest Rate Decision by New Zealand and Canada
• UK and China GDP 

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

UT 

• None

Neutral 

• None

DT 

• Dow (1)
• S&P
• Russell (1)

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

Potential support around 31,236, 29,407, 29,106, 28,912

S&P
Daily DT, Weekly DT

Potential resistance around 3,925, 4,161, 4,396

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

Nasdaq
Daily DT, Weekly DT

Potential resistance around 12,762, 13,485, 14,207, 14,930

Potential support around 12,040, 11,318, 10,856, 10,595, 9,873

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

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

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

11 Jul, Mon

• No important data

12 Jul, Tue

• 1700 German ZEW Economic Sentiment (Jul)

13 Jul, Wed

• 0100 UK BoE Gov Bailey Speaks
• 1000 New Zealand RBNZ Interest Rate Decision
• 1100 China Balance of Trade (Jun)
• 1400 UK GDP (May)
• 1400 UK Goods Trade Balance (May)
• 2030 US Core CPI (MoM) (Jun)
• 2200 Canada BoC Monetary Policy Report
• 2200 Canada BoC Interest Rate Decision
• 2200 New Zealand RBNZ Rate Statement  
• 2230 US Crude Oil Inventories
• 2300 Canada BoC Press Conference

14 Jul, Thu

• 0930 Australia Employment Change (Jun)
• 2030 US Initial Jobless Claims
• 2030 US PPI (MoM) (Jun)

15 Jul, Fri

• 1000 China GDP (Q2)
• 1000 China Industrial Production (YoY) (Jun)
• 2030 US Core Retail Sales (MoM) (Jun)
• 2030 US Retail Sales (MoM) (Jun)
• 2200 US Michigan Consumer Sentiment (Jul) 

Dollar Index closed higher

The dollar index consolidates and closes higher with an outside day on the weekly chart.
Resistance at 106.7, 109.7
Support at 103.66, TLU2, 102.3, 100.3, 99.8, 98.7

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 02 Jul 2022

BDI closed lower from 2,331 (24 Jun) to 2,240 (01 Jul)

Harpex rclosed higher from 4,461 (24 Jun) to 4,467 (01 Jul) 

CDFI closed lower from 1,632.96 (24 Jun) to 1,604.43 (01 Jul) 

CCFI closed higher from 3,244.78 (24 Jun) to 3.271.07 (01 Jul)

COT     

Download Commodities COT

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

• Palladium (1)
• Gold (1)
• Silver (1)
• Copper
• Cocoa
• Soybean Oil
• Lumber (1)

Neutral

• None

Up Trend

• Gasoline  (1)
• Feeder Cattle

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

• None

Neutral

• None

Down Trend

• Orange Juice

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 Market 02 Jul 2022

US market broke pwh (previous week high) and reversed to close lower.

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

The dollar index consolidates and closes higher with an outside day on the weekly chart.

Watch out for

• Balance of Trade from multiple countries
• Australia Interest Rate Decision 
• Speeches by ECB Guindos, BoE Gov Bailey and ECB President Lagarde
• US FOMC Meeting Minutes
• US Nonfarm Payrolls
• China Inflation Rate

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

UT 

• None

Neutral 

• None

DT 

• Dow (1)
• S&P
• Russell (1)

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 31,236, 33,365, 35,495, 37,625

Potential support around 29,407, 29,106, 28,912

S&P
Daily DT, Weekly DT

Potential resistance around 3,925, 4,161, 4,396

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

Nasdaq
Daily DT, Weekly DT

Potential resistance around 12,040, 12,762, 13,485, 14,207, 14,930

Potential support around 11,318, 10,856, 10,595, 9,873

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

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

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

04 Jul, Mon

• US holiday
• 1400 German Balance of Trade (May)
• 2130 Canada Manufacturing PMI
• 2300 Europe ECB Guindos Speech

05 Jul, Tue

• 0930 Australia Retail Sales (MoM)
• 0945 China Caixin Services PMI (Jun)
• 1230 Australia RBA Interest Rate Decision (Jul)
• 1600 Europe Services PMI (Jun)
• 1630 UK Services PMI (Jun)
• 1800 UK BoE Gov Bailey Speaks

06 Jul, Wed

• 1700 Europe Retail Sales YoY (May)
• 2200 US ISM Non-Manufacturing PMI (Jun)
• 2200 US JOLTs Job Openings (May)

07 Jul, Thu

• 0200 US FOMC Meeting Minutes  
• 0930 Australia Balance of Trade (May)
• 1930 Europe FOMC Meeting Minutes 
• 2015 US ADP Employment Change (Jun)
• 2030 US Initial Jobless Claims
• 2030 US Balance of Trade (May)
• 2030 Canada Balance of Trade (May)
• 2200 Canada Ivey PMI (Jun)
• 2300 US Crude Oil Inventories

08 Jul, Fri

• 1955 Europe ECB President Lagarde Speaks
• 2030 US Nonfarm Payrolls (Jun)
• 2030 US Unemployment Rate (Jun)
• 2030 Canada Employment Change (Jun)

09 Jul, Sat 

• 0930 China Inflation Rate YoY (Jun)