No update for next 2 weeks

This blog will not be updated for the next 2 weeks due to personal and work commitments.

Dollar Index recovered

On the weekly chart, it broke lhf but gain was trimmed before closing.  It need to stay above 95.0 resistance to be positive.
Resistance at 95.0, TLU1, 96.3, 97.3, 98.7
Support at 94.0, 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 28 Sep 18

BDI moved higher from 1413 (21 Sep) to 1540 (28 Sep)
Harpex continues to move lower, from 548.08 (14 Sep) to 538.54 (21 Sep)

COT 

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

• Coffee (1)
• Gold (1)
• Silver (1)
• Sugar
• Orange Juice
• Rough Rice

Neutral

• None

Up Trend

• Corn
• Soybeans
• Soybean Oil
• Natural Gas (1)
• Crude (1)
• Platinum (1)

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

• None

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 28 Sep 18

US markets closed mixed. On the weekly chart, Dow and S&P closed with an inside day, Nasdaq broke pwh while Russell broke pwl.  

China market will be closed this week for the holiday while 5 Oct, US will have NFP and unemployment rate data.

Dollar Index closed higher but resisted at 95.0.

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 

• None

Neutral 

• None

DT 

• None

COT show Others (retailers) are buying up, need to be caution

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 26,627, 26,976, 29,106

Potential support around TLU11, 25,784, 25,649, 25,336, 24,481, 24,170

S&P
Daily UT, Weekly UT

Potential resistance around 2,940, 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, TLU7, 8,428

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

Russell
Daily UT, Weekly UT
Potential resistance around 1,708, 1,743, TLU3, 1,779

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

Key event to watch out  (SG Time)

01 Oct, Mon

• Hong Kong and China holiday
• 0750 Japan Tankan Large Manufacturers Index (Q3) 
• 0750 Japan Tankan Large Non-Manufacturers Index (Q3) 
• 1555 German Manufacturing PMI (Sep)   
• 2200 US ISM Manufacturing PMI (Sep)

02 Oct, Tue

• India and China holiday
• 1230 Australia RBA Interest Rate Decision (Oct) 
• 1230 Australia RBA Rate Statement
• 1630 UK Construction PMI (Sep)

03 Oct, Wed

• China and Germany holiday.
• 0000 US Fed Chair Powell Speaks
• 1630 UK Services PMI (Sep) 
• 2015 US ADP Nonfarm Employment Change (Sep)
• 2200 US ISM Non-Manufacturing PMI (Sep) 
• 2230 US Crude Oil Inventories

04 Oct, Thu

• China Holiday
• 2200 Canada Ivey PMI (Sep)

05 Oct, Fri

• China Holiday
• 0930 Australia Retail Sales (MoM) (Aug)
• 2030 US Unemployment Rate (Sep)
• 2030 US Nonfarm Payrolls (Sep) 
• 2030 Canada Employment Change (Sep) 

Dollar Index broke another support

On the weekly chart, it broke pwl and closed lower.
Expecting volatility with US interest rate decision on Thu.
Resistance at 94.0, 95.0, TLU1, 96.3, 97.3, 98.7
Support at 93.3, 92.0, 90.6

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 21 Sep 18

BDI moved higher from 1336 (14 Sep) to 1413 (21 Sep)
Harpex moved lower from 550.77 (07 Sep) to 548.08 (14 Sep)

COT 

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

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

Neutral

• Natural Gas (1)
• Crude (1)

Up Trend

• Palladium

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

• None

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