Dollar Index close higher

The dollar index closed higher with an outside day on the weekly chart.
Resistance at 106.7, TLU2, TLU3, 109.7
Support at 103.6, 102.3, TLU1, 100.3, TLD2, 99.8, 98.7, TLD1, 97.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 09 Nov 2024

BDI rebounded to close higher from 1,378 (01 Nov) to 1,495 (08 Nov)

Harpex closed higher from 1,973 (01 Nov) to 1,975 (08 Nov)

CDFI rebounded to close higher from 1,046.37 (01 Nov) to 1,079.17 (08 Nov)

CCFI continued to close higher from 1,367.54 (01 Nov) to 1,388.22 (08 Nov)

COT     

Download Commodities COT

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

• Crude (1)
• Rough Rice (1)

Neutral

• Cotton

Up Trend

• Soybeans

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

• Gold
• Platinum
• Soybean Oil

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

US Markets 09 Nov 24

The US market closed at a historic high.  

BDI, Harpex, CDFI and CCFI closed higher.

The dollar index closed higher with an outside day on the weekly chart.

Watch out for

• Unemployment and GDP data by multiple countries
• US CPI Data
• Speech by US Fed Chair Powell 

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
• Russell

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 44,014, 46,144

Potential support around 41,884, 39,754, 37,625, 35,495, 33,365

S&P
Daily UT, Weekly UT

Potential resistance around 6,045

Potential support around 5,809, 5,574, 5,338, 5,103

Nasdaq
Daily UT, Weekly UT

Potential resistance around 20,709, 21,431

Potential support around 19,986, 19,264, 18,542, 17,819, 17,097

Russell
Daily UT, Weekly UT
Potential resistance around 2,430, 2,561

Potential support around 2,300, 2,170, 2,040, 1,910, 1,779

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

11 Nov, Mon

• No important data

12 Nov, Tue

• 1500 UK Employment Change 3M/3M (MoM) (Sep)
• 1500 UK Unemployment Rate (Sep)
• 1500 Germany CPI (MoM) (Oct)\
• 1800 Germany ZEW Economic Sentiment (Nov)
• 1800 Europe ZEW Economic Sentiment (Nov)

13 Nov, Wed

• 2130 US Core CPI (MoM) (Oct)
• 2130 US CPI (MoM) (Oct)

14 Nov, Thu

• 0830 Australia Employment Change (Oct)
• 0830 Australia Unemployment Rate (Oct)
• 1800 Europe GDP (QoQ) (Q3)
• 2130 US Initial Jobless Claims
• 2130 US PPI (MoM) (Oct)

15 Nov, Fri

• 0000 US Crude Oil Inventories
• 0400 US Fed Chair Powell Speaks 
• 0750 Japan GDP (QoQ) (Q3)  
• 1000 China Industrial Production (YoY) (Oct)
• 1000 China Chinese Unemployment Rate (Oct)
• 1500 UK GDP (QoQ) (Q3)
• 2130 US Core Retail Sales (MoM) (Oct)
• 2130 US Retail Sales (MoM) (Oct)
• 2130 US NY Empire State Manufacturing Index (Nov)

Dollar Index close higher

The dollar index closed higher with a small -ve roc (closing price < opening price) on the weekly chart.
Resistance at 106.7, TLU2, TLU3, 109.7
Support at 103.6, 102.3, TLU1, 100.3, TLD2, 99.8, 98.7, TLD1, 97.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 02 Nov 2024

BDI closed lower from 1,410 (25 Oct) to 1,378 (01 Nov)

Harpex continued to close higher from 1,967 (25 Oct) to 1,973 (01 Nov)

CDFI closed lower from 1,065.3 (25 Oct) to 1,046.37 (01 Nov)

CCFI rebounded to close higher from 1,366.4 (25 Oct) to 1,367.54 (01 Nov)

COT     

Download Commodities COT

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

• Crude (1)
• Heating Oil
• Rough Rice

Neutral

• None

Up Trend

• Soybeans
• Cotton
• Natural Gas

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

• Gold
• Platinum

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

US Markets 02 Nov 24

The US market closed lower, except Russell closed higher. 

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

The dollar index closed higher with a small -ve roc (closing price < opening price)

Watch out for

• Daylight Saving Time has ended
• U.S. Presidential Election on 05 Nov
• Manufacturing and services PMI by multiple countries
• Interest rate decisions by Australia, the UK and the US

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
• Russell

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 44,014

Potential support around 41,884, 39,754, 37,625, 35,495, 33,365

S&P
Daily UT, Weekly UT

Potential resistance around 5,809, 6,045

Potential support around 5,574, 5,338, 5,103, 4,867

Nasdaq
Daily UT, Weekly UT

Potential resistance around 20,709, 21,431

Potential support around 19,986, 19,264, 18,542, 17,819, 17,097

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

Potential support around 2,170, 2,040, 1,910, 1,779, 1,649

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

04 Nov, Mon

• Japan on holiday
• 1655 Germany HCOB Manufacturing PMI (Oct)
• 1700 Europe HCOB Manufacturing PMI (Oct)

05 Nov, Tue

• 0945 China Caixin Services PMI (Oct)
• 1130 Australia RBA Interest Rate Decision (Nov)
• 1730 UK S&P Global/CIPS UK Composite PMI (Oct)
• 1730 UK S&P Global/CIPS UK Services PMI (Oct)
• 1800 US U.S. Presidential Election
• 2245 US S&P Global Services PMI (Oct)
• 2300 US ISM Non-Manufacturing PMI (Oct)

06 Nov, Wed

• 0200 US 10-Year Note Auction
• 1655 Germany HCOB Services PMI (Oct)
• 1700 Europe HCOB Services PMI (Oct)
• 2330 US Crude Oil Inventories

07 Nov, Thu

• 0200 US 30-Year Bond Auction
• 2000 UK BoE Interest Rate Decision (Nov)
• 2130 US Initial Jobless Claims

08 Nov, Fri

• 0300 US Fed Interest Rate Decision
• 0330 US FOMC Press Conference
• 2130 Candad Unemployment Rate (Oct)
• 2130 Candad Employment Change (Oct)