Rough Rice broke out from consolidation
Sunday, January 31, 2021
Dollar Index consolidating
Dollar index tested recent high, some of the gains are erased before closing.
On the weekly chart, Dollar index closed with a +roc (close price > open price) inside day.
Resistance at 90.6, 92.0, TLD1, 93.3, 94.0, 95.0, 96.3, 97.3
Support at 88.88, 86.8, 84.6
Support at 88.88, 86.8, 84.6
COT for Dollar Index
Weekly chart with 50 SMA
Commodities Update 30 Jan 2021
BDI closed lower from 1,837 (22 Jan) to 1,452 (28 Jan)
Harpex closed higher from 1,094.38 (15 Jan) to 1,112.87 (22 Jan)
CDFI continues to close lower, from 958.98 (22 Jan) to 866.09 (29 Jan)
CCFI closed higher from 1,966.64 (22 Jan) to 2,040.18 (29 Jan)
COT
Download Commodities COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
- Natural Gas
- Feeder Cattle
- Palladium
Neutral
- None
Up Trend
- None
Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend
Up Trend
- Corn
- Rough Rice
- Copper
- 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 a trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average
US Market 31 Jan 2021
US market closed lower. On the weekly charts, Dow broke hlf (higher low formation) while S&P, Nasdaq and Russell closed lower with a -roc (close price < open price) inside day.
BDI and CDFI closed lower while Harpex and CCFI closed higher.
Dollar Index consolidating.
Watch out for Manufacturing PMI, Interest rate decision and US NFP.
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- DOW
- None
- None
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- 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(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Dow
Daily UT, Weekly UT
Potential resistance around 31,236, 33,365
Potential resistance around 31,236, 33,365
Potential support around 29,407, 29,106, 28,912, 28,195, 27,345, 26,635
S&P
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 3,925, 4,161
Potential support around 3,690, 3,579, 3,454, 3,388, 3,219, 3,155, 3,07
Nasdaq
Daily UT, Weekly UT
Potential resistance around 13,485, 14,207
Potential support around 12,762, 12,410, 12,040, 11,318, 10,856, 10,595
Russell
Daily UT, Weekly UT
Potential resistance around 2,170, 2,300
Daily UT, Weekly UT
Potential resistance around 2,170, 2,300
Potential support around 2,040, 1,910, 1,779, 1,743, 1,708, 1,683, 1,649
Key event to watch out (SG Time, GMT+8)
01 Feb, Mon
- 0945 China Caixin Manufacturing PMI (Jan)
- 1655 German Manufacturing PMI (Jan)
- 1730 UK Manufacturing PMI (Jan)
- 2300 US ISM Manufacturing PMI (Jan)
02 Feb, Tue
- 1130 Australia RBA Interest Rate Decision (Jan)
- 1130 Australia RBA Rate Statement
- 1800 Europe Gross Domestic Product s.a.
03 Feb, Wed
- 0545 New Zealand Employment Change (QoQ) (Q4)
- 0930 Australia RBA's Governor Lowe speech
- 1600 Europe ECB Monetary Policy Statement??
- 1800 Europe CPI (YoY) (Jan)
- 2115 US ADP Nonfarm Employment Change (Jan)
- 2300 US ISM Non-Manufacturing PMI (Jan)
- 2330 US Crude Oil Inventories
04 Feb, Thu
- 0830 Australia Trade Balance
- 1730 UK Construction PMI (Jan)
- 1800 Europe Retail Sales
- 2000 UK BoE Interest Rate Decision (Feb)
- 2030 UK BoE's Governor Bailey speech
- 2130 US Initial Jobless Claims
05 Feb, Fri
- 0630 Australia RBA's Governor Lowe speech
- 0830 Australia Retail Sales (MoM) (Dec)
- 0830 Australia RBA Monetary Policy Statement
- 2130 UK BoE Gov Bailey Speaks
- 2130 US Nonfarm Payrolls (Jan)
- 2130 US Unemployment Rate (Jan)
- 1230 US Goods Trade Balance
- 2130 Canada Employment Change (Jan)
- 2300 Canada Ivey PMI (Jan)
Sunday, January 24, 2021
Dollar Index consolidating
On the weekly chart, Dollar index testing recent high but failed to hold and closed lower.
Resistance at 90.6, 92.0, TLD1, 93.3, 94.0, 95.0, 96.3, 97.3
Support at 88.88, 86.8, 84.6
COT for Dollar Index
Weekly chart with 50 SMA
Commodities Update 23 Jan 2021
BDI closed higher from 1,792 (14 Jan) to 1,837 (22 Jan)
Harpex closed higher from 1,069.63 (08 Jan) to 1,097.8 (15 Jan)
CDFI closed lower from 986.13 (15 Jan) to 958.98 (22 Jan)
CCFI closed higher from 1,863.84 (15 Jan) to 1,966.64 (22 Jan)
COT
Download Commodities COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
- Natural Gas
- Feeder Cattle
Neutral
- Palladium
Up Trend
- None
Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend
Up Trend
- Corn
- Copper
- 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 a trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average
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