No update of blog for this week

Due to work commitment, I will not be updating my blog for this week.

On the weekly chart, Dollar Index broke lhf after testing TLU1 support.
Resistance at 96.3, 97.3, 98.7
Support at 95.0, TLU1, 94.0, 93.3, 92.0, 90.6

BDI move lower from 1579 (31 Aug) to 1490  (07 Sep)
Harpex moving down for another week from 577.01 (24 Aug) to 568.06 (31 Aug)

Here are the COT charts 

Download Commodities COT

Key event to watch out  (SG Time)
10 Sep, Mon

• 0750 Japan GDP (QoQ) (Q2)
• 1630 UK GDP (MoM)
• 1630 UK Manufacturing Production (MoM) (Jul) 

11 Sep, Tue

• 1630 UK Average Earnings Index +Bonus (Jul) 
• 1630 UK Claimant Count Change (Aug) 
• 1700 German ZEW Economic Sentiment (Sep)
• 2200 US JOLTs Job Openings (Jul)

12 Sep, Wed

• 2030 US PPI (MoM) (Aug) 
• 2230 US Crude Oil Inventories

13 Sep, Thu

• 0930 Australia Employment Change (Aug)
• 1900 UK BoE Interest Rate Decision (Sep) 
• 1945 Europe Deposit Facility Rate 
• 1945 Europe ECB Marginal Lending Facility     
• 1945 Europe ECB Interest Rate Decision (Sep) 
• 2030 US Core CPI (MoM) (Aug) 
• 2030 Europe ECB Press Conference     

14 Sep, Fri

• 1000 China Industrial Production (YoY) (Aug) 
• 1800 UK BOE's Governor Carney speech
• 2030 US Retail Sales (MoM)
• 2030 US Michigan Consumer Sentiment Index

Dollar Index tested support

After testing closing below TLU1 support for 2 days, it broke lhf and closed above it.  On the weekly chart, it closed with a small -roc.    If closed below TLU1 for 2 to 3 days, may see more selling to test 94.0 support.
Resistance at 96.3, 97.3, 98.7
Support at 95.0, TLU1, 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 01 Sep 18

BDI move lower from 1697 (24 Aug) to 1579 (31-Aug)
Harpex moving down from 582.97 (17 Aug) to 577.01 (24 Aug)

COT 

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

• Coffee (1)
• Sugar (1)
• Corn
• Soybeans
• Soybean Oil (1)
• Gold (1)
• Silver (1)
• Platinum (1)
• Natural Gas (1)

Neutral

• Palladium

Up Trend

• Crude

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

• Wheat

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 01 Sep 18

US markets closed higher.  S&P, Nasdaq and Russell created the historic high.  On the weekly chart, Nasdaq broke consolidation and lhf.

Harpex and BDI continue to slide down.

Dollar Index pierces thru the support, recovered to close above the 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 TLU11, 26,627, 26,976, 29,106

Potential support around 25,784, 25,649, 25,336, 24,481, 24,170

S&P
Daily UT, Weekly UT

Potential resistance around 2,983, 3,219

Potential support around 2,874, 2,863, 2,825, 2,814, 2,786, 2,748, 2,710, 2,593

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,706, 8,428

Potential support around TLU7, 7,516, 7,282, 7,134, 6,982, TLU6, 6,857, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around TLU3, 1,779

Potential support around 1,708, 1,683, 1,624, 1,609, 1,585, 1,543, 1,519

Key event to watch out  (SG Time)
03 Sep, Mon

• US and Canada holiday
• 0930 Australia Retail Sales (MoM) (Jul) 
• 0945 China Caixin Manufacturing PMI (Aug)   
• 1555 German Manufacturing PMI (Aug) 
• 1630 UK Manufacturing PMI (Aug) 

04 Sep, Tue

• 1230 Australia RBA Interest Rate Decision (Sep) 
• 1630 UK Construction PMI (Aug)  
• 2200 US ISM Manufacturing PMI (Aug)

05 Sep, Wed

• 0930 Australia GDP (QoQ) (Q2) 
• 1630 UK Services PMI (Aug) 
• 2200 Canada BoC Interest Rate Decision 

06 Sep, Thu

• 2015 US ADP Nonfarm Employment Change (Aug)
• 2200 US ISM Non-Manufacturing PMI (Aug)
• 2300 US Crude Oil Inventories

07 Sep, Fri

• 1700 Europe Gross Domestic Product s.a.
• 2030 US Nonfarm Payrolls (Aug)
• 2030 US Unemployment Rate (Aug)   
• 2030 Canada Employment Change (Aug) 
• 2200 Canada Ivey PMI (Aug)  

Dollar Index tested 95.0 support

After testing 96.3 resistance last week to close with a -roc on the weekly chart, it continues to test 96.3 once again this week.  Failed to overcome, it slumped down to test 95.0 support. recovered to close above 95.0 support.
Resistance at 96.3, 97.3, 98.7
Support at 95.0, TLU1 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 25 Aug 18

BDI move lower from 1723 (17 Aug) to 1697 (24 Aug)
Harpex continue to move down from 584.17 (10 Aug) to 582.97 (17 Aug)

COT 

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

• Coffee (1)
• Sugar (1)
• Soybean Oil (1)
• Gold
• Silver
• Palladium
• Platinum (1)

Neutral

• Natural Gas

Up Trend

• Crude

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

• Wheat

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