Dollar Index rebounded

Dollar Index tested TLU9 and rebounded to close above TLU9 and 99.8.  An outside day is formed on weekly chart.  Any retracement closed below TLU9 show weaknesses.
Resistance at  100.3, Trend Channel (Blue), 101.5, TLD6, TLU6
Support at 99.8, TLD5, TLU9, TLU7, 98.3, 97.3, 96.3

USD Impact currencies/Gold/Crude(wow)

Weekly chart with 50 SMA

Commodities Update - 01 Apr 17

BDI broke year 2016 high and closed at 1297 (31 Mar) from 1240 (24 Mar)
Harpex closed higher by 8% at 438.94 (25 Mar) from 404.35 (18 Mar)

Summary
Energy closed higher while the rest are mixed.

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

• Cocoa (1)
• Soybean Oil
• Sugar

Neutral

• Corn

Up Trend

• None

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

• Cotton
• Silver

Neutral

• None

Down Trend

• Feeder Cattle

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 

Indices Performance Chart - 01 Apr 17

Europe and US markets closed higher while most Asia closed lower.
BDI broke year 2016 high and Harpex rose sharply more than 8%.
Dollar Index tested support and rebounded.  An outside day is formed on the weekly chart.
This coming week will have manufacturing PMI data release from various countries.  
On Thur, FOMC meeting minutes at 0200Hrs and Trump will be meeting Xi Jinping.  Follow by Fri NFP and unemployment rate.

nstruments 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

• Dow

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 

US markets broke recent low and recovered to close with a +roc on the weekly chart. 

Nasdaq created historic high while Russell resisted around 1,389 strong resistance level again.

Dow

Daily UT, Weekly UT
Potential resistance around TLU5, TLU6, 21,451
Potential support around TLU2, TLU11, 19,968, TLU4, 19,440, 18,669, 18,557, TLU1, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around TLU5, TLU1,2,522
Potential support around 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU5, 5,538, TLU3
Potential support around TLU4, TLU7, TLU1, 5,041, 4,960, 4,896, 4,816

Russell
Daily UT, Weekly UT
Potential resistance around 1,389, TLU1, TLU3, TLU5, 1,519
Potential support around 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)

03 Apr, Mon

• China Holiday
• 0750 JPY Tankan Large Manufacturers Index (Q1)
• 0750 JPY Tankan Large Non-Manufacturers Index (Q1)
• 0930 AUD Retail Sales (MoM) (Feb)
• 0945 CNY Retail Sales (MoM) (Feb)
• 1555 EUR German Manufacturing PMI (Mar)   
• 1630 GBP Manufacturing PMI (Mar) 
• 2200 USD ISM Manufacturing PMI (Mar) 

04 Apr, Tue

• China, Hong Kong and India Holiday
• 1230 AUD RBA Interest Rate Decision (Apr) 
• 1230 AUD RBA Rate Statement   
• 1630 GBP Construction PMI (Mar)
• 2030 USD Trade Balance

05 Apr, Wed

• 1630 GBP Services PMI (Mar) 
• 2015 USD ADP Nonfarm Employment Change (Mar)
• 2200 USD ISM Non-Manufacturing PMI (Mar)
• 2230 USD Crude Oil Inventories

06 Apr, Thu

• Trump and Xi Jinping meeting
• 0200 USD FOMC Meeting Minutes

07 Apr, Fri

• 1630 GBP Manufacturing Production (MoM) (Feb) 
• 2030 USD Nonfarm Payrolls (Mar) 
• 2030 USD Unemployment Rate (Mar) 
• 2030 CAD Employment Change (Mar) 
• 2200 CAD Ivey PMI (Mar)

Dollar Index continue to pull back

Dollar Index continue to pull back broke few supports and trend channel.  An outside day is formed on daily chart.  Dollar index need to break and stay above 99.8 and TLD5 else may see testing lower to TLU9 or even 98.3.
Resistance at 99.8, TLD5, 100.3, Trend Channel (Blue), 101.5, TLD6, TLU6
Support at 98.3, TLU7, TLU9, 97.3, 96.3

USD Impact currencies/Gold/Crude(wow)

Weekly chart with 50 SMA

Commodities Update - 25 Mar 17

BDI closed at 1240 (24 Mar) near to last year high at 1257 (18 Nov 2016)
Harpex broke 400 mark to close at 404.35 (18 Mar)

Summary
Most metals closed higher, grains closed lower while the rest closed mixed.

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

• Cocoa (1)
• Soybean Oil

Neutral

• None

Up Trend

• None

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

• Cotton
• Silver

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 

Indices Performance Chart - 25 Mar 17

Most markets closed lower with dollar index weakening.  BDI shot up near to last year high where Harpex broke 400 marks.  This week important data will be US GDP on Thu and China Manufacturing PMI on Fri.

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

• Dow

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 

US markets closed lower and broke hlf on the weekly charts.  After the sell-down on Tue, the markets are directionless. Markets need to break recent high to continue with the run.

Dow

Daily UT, Weekly UT
Potential resistance around TLU5, TLU6, 21,451
Potential support around TLU2, TLU11, 19,968, TLU4, 19,440, 18,669, 18,557, TLU1, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around TLU5, TLU1,2,522
Potential support around 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU4, TLU5, 5,538, TLU3
Potential support around TLU7, TLU1, 5,041, 4,960, 4,896, 4,816

Russell
Daily UT, Weekly UT
Potential resistance around 1,389, TLU1, TLU3, TLU5, 1,519
Potential support around 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)
27 Mar, Mon

• 1600 EUR German Ifo Business Climate Index (Mar) 

28 Mar, Tue

• 2030 USD Goods Trade Balance (Feb)
• 2200 USD CB Consumer Confidence (Mar)   
• 2210 CAD BoC Gov Poloz Speaks

29 Mar, Wed

• 2200 USD Pending Home Sales (MoM) (Feb)
• 2230 USD Crude Oil Inventories

30 Mar, Thu

• 2030 USD GDP (QoQ) (Q4) 

31 Mar, Fri

• 0900 CNY Manufacturing PMI (Mar) 
• 1600 EUR German Unemployment Change (Mar)
• 1630 GBP GDP (YoY) (Q4)
• 1700 EUR CPI (YoY) (Mar) 
• 2030 CAD GDP (MoM) (Jan)