Dollar Index Consolidating

On the weekly chart, Dollar Index broke support, recovered with a +roc and back to consolidating. 

Resistance at TLD2, 90.6, 92.0, Trend Channel (Blue), 93.0

Support at 88.88, Trend Channel (Blue), TLD8, 86.5, 83.2, 79.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 31 Mar 18

BDI closed lower to 1055 (29 Mar) from 1122 (23 Mar)
Harpex hit new high (since 2016) at 635.16 from 597.88 (17 Mar) 

COT 

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

• Coffee
• Sugar (1)
• Natural Gas (1)
• Silver

Neutral

• Crude (1)

Up Trend

• Orange Juice

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

• Soybean Meal
• Gasoline

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

Consolidating for another week

Dollar Index continues to consolidate between 90.6 and 88.88. 
Resistance at 90.6, 92.0, Trend Channel (Blue), 93.0
Support at TLD2, 88.88, Trend Channel (Blue), TLD8, 86.5, 83.2, 79.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 24 Mar 18

BDI closed at 1122 (23 Mar) from 1150 (16 Mar)
Harpex gained higher to 597.88 (17 Mar) from 579.69 (10 Mar) 

COT 

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

• Coffee
• Sugar (1)
• Natural Gas (1)
• Silver

Neutral

• Crude

Up Trend

• Orange Juice

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

• Soybean Meal
• Corn
• Gasoline

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

Monitoring Coffee and Orange
Coffee tested long-term support.
Orange Juice going to test long-term channel support.

Can go lower? Possible but limited based on chart.

Long-term

Zoom In

US Markets 24 Mar 18

On the weekly chart, US markets broke hlf and tumbled down.
Important support level I will be watching (from the platform that I used)

• Dow 22,717
• S&P 2,512
• Nasdaq 6,261
• Russell 1,389

Harpex climbing higher.
Dollar Index consolidating.

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 DT, Weekly UT
Potential resistance around 24,175, TLU11, TLD1, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 23,567, 23,175, 22,776, TLU6, 22,121

S&P
Daily DT, Weekly UT

Potential resistance around TLD1, 2,748, 2,800, TLU3, Lower Trend Channel (green), 2,874

Potential support around  2,593, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily Neutral, Weekly UT
Potential resistance around  TLU6, 69836 TLU7, 7,022, 7,706

Potential support around 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,519, TLD1, 15,43, 1,566, 1,609, TLU3, 1,649

Potential support around 1,508, 1,494, 1,451, 1,420, 1,388

Key event to watch out  (SG Time)

26 Mar, Mon

• No important data

27 Mar, Tue

• 2200 US CB Consumer Confidence (Mar) 

28 Mar, Wed 

• 2030 US GDP (QoQ) (Q4)
• 2200 US Pending Home Sales (MoM) (Feb) 
• 2230 US Crude Oil Inventories

29 Mar, Thu

• 1600 German Unemployment Change (Mar)
• 1630 UK GDP (YoY) (Q4)
• 2030 Canada GDP (MoM) (Jan)

30 Mar, Fri

• Australia, Hong Kong, Singapore, most Europe countries, US, Canada holiday

31 Mar, Sat

• 0900 China Manufacturing PMI (Mar)

Dollar Index consolidating

Dollar Index continues to consolidate between 90.6 and 88.88. 
Watch out for Thu 0200 Hrs (SGT, GMT+8) US Interest Rate Decision.
Resistance at 90.6, 92.0, Trend Channel (Blue), 93.0
Support at TLD2, 88.88, Trend Channel (Blue), TLD8, 86.5, 83.2, 79.0

Due to free chart service limitation.  Support levels are estimated based on investing.com chart.

COT for Dollar Index

Weekly chart with 50 SMA