The dollar index continues to consolidate

On the weekly chart, the Dollar Index broke lhf and closed higher with some of the gaisn was trimmed before closing.
Dollar Index continues to consolidate.
Resistance at 99.8, TLU1, 100.3, 102.3, 106.7, 109.7
Support at 98.7, TLU4, 97.3, TLD1, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 09 May 2020

BDI decreased from 665 617 (01 May) to 514 (07 May)
Harpex decreased from 549.87 (24 Apr) to 528.70 (01 May)

COT 

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

• Corn (1)
• Soybean Oil
• Feeder Cattle
• Copper
• Palladium (1)
• Lumber
• Cotton

Neutral

• Natural Gas

Up Trend

• Oats

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

• Rough Rice

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 Market 09 May 2020

On the weekly chart, the US market broke pwl, recovered and rallied to close with a +roc at week high.  Nasdaq closed with an outside day.

BDI and Harpex closed lower.

Dollar Index continues to consolidate.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT 

• None

Neutral 

• None

DT 

• Dow (1)
• S&P (1)
• Russell (1)

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 DT
Potential resistance around 24,837, 25,326, 25,645, 25,784, 26,245, 26,627

Potential support around 24,170, 23,567, 23,435, 23,175, 22,776, 22,121, 22,027

S&P
Daily DT, Weekly DT

Potential resistance around 2,940, 2,983, 3,022, 3,072, 3,155, 3,219

Potential support around 2,874, 2,854, 2,825, 2,814,  2,786, 2,747, 2,710, 2,593, 2,551

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 9,243, 9,653, 9,723, 9,873, 10,595

Potential support around 8,781, 8,428, 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134

Russell
Daily DT, Weekly DT
Potential resistance around 1,341, 1,388, 1,420, 1,451, 1,508, 1,519, 1,543, 1,585

Potential support around 1,296, 1,287, 1,259, 1,240, 1,213, 1,185, 1,164, 1,137

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

11 May, Mon

• No important data

12 May, Tue

• 0930 China Consumer Price Index (YoY)
• 1630 Australia Budget Release
• 2030 US Core CPI (MoM) (Apr)

13 May, Wed

• 0750 Japan Current Account n.s.a.
• 1000 New Zealand RBNZ Interest Rate Decision 
• 1000 New Zealand RBNZ Rate Statement  
• 1100 New Zealand RBNZ Press Conference  
• 1400 UK GDP
• 1400 UK Manufacturing Production (MoM) (Mar)
• 2030 US PPI (MoM) (Apr)
• 2230 US Crude Oil Inventories 

14 May, Thu

• 0900 New Zealand Budget Release
• 0930 Australia Employment Change (Apr)
• 1400 GermanHarmonized Index of Consumer Prices (YoY)
• 2030 US Initial Jobless Claims 
• 2315 Canada BoC Gov Poloz Speaks  

15 May, Fri

• 1000 China Industrial Production (YoY) (Apr) 
• 1400 German GDP (QoQ) (Q1) 
• 1700 Europe Gross Domestic Product s.a. 
• 2030 US Core Retail Sales (MoM) (Apr)
• 2030 US Retail Sales (MoM) (Apr)
• 2200 US JOLTs Job Openings (Mar)
• 2030 Canada Retail Sales (MoM)

Dollar index still consolidating

On the weekly chart, the Dollar Index broke hlf and closed lower.  Dollar Index continues to consolidate.
Resistance at 99.8, TLU1, 100.3, 102.3, 106.7, 109.7
Support at 98.7, TLU4, 97.3, TLD1, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 02 May 2020

BDI decreased from 665 (24 Apr) to 617 (01 May)
Harpex decreased further, from 573.83 (17 Apr) to 549.87 (24 Apr)

COT 

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

• Corn (1)
• Soybean Oil
• Sugar
• Natural Gas (1)
• Feeder Cattle
• Copper
• Palladium (1)
• Lumber
• Cotton

Neutral

• None

Up Trend

• None

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

• Rough Rice

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 Market 02 May 2020

On the weekly chart, US market broke pwh rallied but failed to hold, reversed to close lower with a -roc except for Russell reversed but closed higher with a +roc.

BDI and Harpex closed lower.

Dollar Index continues to consolidate.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT 

• None

Neutral 

• None

DT 

• Dow (1)
• S&P (1)
• Russell (1)

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 DT
Potential resistance around 24,170, 24,837, 25,326, 25,645, 25,784, 26,245, 26,627

Potential support around 23,567, 23,435, 23,175, 22,776, 22,121, 22,027, 21,659, 21,099

S&P
Daily DT, Weekly DT

Potential resistance around 2,854, 2,874, 2,940, 2,983, 3,022, 3,072, 3,155, 3,219

Potential support around 2,825, 2,814,  2,786, 2,747, 2,710, 2,593, 2,551, 2,506, 2,480

Nasdaq
Daily DT, Weekly UT

Potential resistance around 8,781, 9,243, 9,653, 9,723, 9,873, 10,595

Potential support around 8,428, 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134

Russell
Daily DT, Weekly DT
Potential resistance around 1,259, 1,287, 1,296, 1,341, 1,388, 1,420

Potential support around 1,240, 1,213, 1,185, 1,164, 1,137, 1,114, 1,095

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

04 May, Mon

• Japan holiday
• 0945 China Caixin Manufacturing PMI (Apr)
• 1555 German Manufacturing PMI (Apr)

05 May, Tue

• Japan holiday
• 1230 Australia RBA Interest Rate Decision (May)
• 1230 Australia RBA Rate Statement  
• 1630 UK Composite PMI (Apr)
• 1630 UK Construction PMI (Apr)
• 1630 UK Services PMI (Apr)
• 2030 US Trade Balance
• 2200 US ISM Non-Manufacturing PMI (Apr)

06 May, Wed

• Japan Holiday
• 0645 New Zealand Employment Change (QoQ) (Q1)
• 0930 Australia Retail Sales (MoM) (Mar)
• 2015 US ADP Nonfarm Employment Change (Apr)
• 2230 US Crude Oil Inventories 

07 May, Thu

• Singapore holiday
• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 0930 Asutralia Trade Balance
• 1400 German Industrial Production s.a. (MoM)
• 1400 UK BoE Interest Rate Decision (Apr) 
• 1900 UK BoE Inflation Report  
• 1900 UK BoE MPC Meeting Minutes  
• 2030 US Initial Jobless Claims 
• 2200 Canada Ivey PMI (Apr)

08 May, Fri

• UK holiday
• 0930 Asutralia RBA Monetary Policy Statement
• 2030 US Nonfarm Payrolls (Apr)
• 2030 US Unemployment Rate (Apr) 
• 2030 Canada Employment Change (Apr)