Dollar Index closed higher

The dollar index continued to close higher.
Resistance at 106.7, TLU2, 109.7
Support at TLD2, 103.6, 102.3, TLU1, TLD1, 100.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 20 Apr 2024

BDI closed higher from 1,729 (12 Apr) to 1,901 (19 Apr)

Harpex closed higher from 1,230 (12 Apr) to 1,233 (19 Apr)

CDFI closed higher from 1,239.42 (12 Apr) to 1,312.77 (19 Apr)

CCFI rebounded and closed higher from 1,185.13 (12 Apr) to 1,186.53 (19 Apr)

COT     

Download Commodities COT

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

• Corn (1)
• Soybean Meal
• Soybeans (1)
• Wheat
• Sugar 
• Soybean Oil
• Feeder Cattle

Neutral

• Orange Juice

Up Trend

• Crude

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 a trend reversal
Down Trend and Up Trend are based on 50 Simple Moving Averages

US Markets 20 Apr 24

The US market closed lower, except the Dow edged higher.
While the Dow turned to a downtrend, the Nasdaq and Russell turned from an uptrend to neutral. The Nasdaq broke consolidation support.

Harpex, BDI, CDFI, and CCFI closed higher.

The dollar index continued to close higher.

Watch out for

• Multiple countries are reporting Manufacturing PMI and services PMI
• US GDP
• China and Japan Interest Rate Decision

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 

• S&P

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 are based on 50 Simple Moving Averages

Dow
Daily DT, Weekly UT
Potential resistance around 39,754, 41,884

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily UT, Weekly UT

Potential resistance around 5,103, 5,338

Potential support around 4,867, 4,632, 4,396, 4,161

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 17,097, 17,819, 18,542

Potential support around 16,374, 15,652, 14,930, 14,207

Russell
Daily Neutral, Weekly UT
Potential resistance around 2,040, 2,170, 2,300

Potential support around 1,910, 1,779, 1,649, 1,519

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

22 Apr, Mon

• 0915 China PBoC Loan Prime Rate

23 Apr, Tue

• 1530 German HCOB Manufacturing PMI (Apr) 
• 1530 German HCOB Services PMI (Apr) 
• 1600 Europe HCOB Manufacturing PMI (Apr) 
• 1600 Europe HCOB Services PMI (Apr) 
• 1630 UK S&P Global/CIPS UK Manufacturing PMI  
• 1630 UK S&P Global/CIPS UK Services PMI  
• 2000 US Building Permits
• 2145 US S&P Global US Manufacturing PMI (Apr)  
• 2145 US S&P Global Services PMI (Apr) 
• 2200 US New Home Sales (Mar)

24 Apr, Wed

• 0930 Australia CPI (YoY) (Q1)
• 2030 US Durable Goods Orders (MoM) (Mar)
• 2030 Canada Retail Sales (MoM) (Feb)
• 2030 Canada Core Retail Sales (MoM) (Feb)
• 2230 US Crude Oil Inventories

25 Apr, Thu

• Australia and New Zealand on holiday
• 2030 US GDP (QoQ) (Q1)
• 2030 US Initial Jobless Claims
• 2200 US Pending Home Sales (MoM) (Mar)

26 Apr, Fri

• 1100 Japan BoJ Interest Rate Decision
• 1430 Japan BoJ Press Conference 
• 2030 US Core PCE Price Index (YoY) (Mar)
• 2030 US PCE Price Index (YoY) (Mar)
• 2030 US Personal Spending (MoM) (Mar)
• 2030 US Personal Income (MoM) (Mar)
• 2200 US Michigan Consumer Sentiment (Apr)

Dollar Index broke out

The dollar index broke out of consolidation, rallied and closed higher.
Resistance at 106.7, TLU2, 109.7
Support at TLD2, 103.6, 102.3, TLU1, TLD1, 100.3

COT for Dollar Index

Weekly chart with 50 SMA

Commodities Update 13 Apr 2024

BDI closed higher from 1,628 (05 Apr) to 1,729 (12 Apr)

Harpex closed higher from 1,229 (05 Apr) to 1,230 (12 Apr)

CDFI closed higher from 1,206.7 (03 Apr) to 1,239.42 (12 Apr)

CCFI closed lower from 1,191.37 (03 Apr) to 1,185.13 (12 Apr)

COT     

Download Commodities COT

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

• Corn
• Soybean Meal
• Soybeans 
• Wheat
• Sugar 
• Rough Rice

Neutral

• Feeder Cattle

Up Trend

• Orange Juice
• Crude

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 a trend reversal
Down Trend and Up Trend are based on 50 Simple Moving Averages

US Markets 13 Apr 24

The US market broke the previous week's low and closed lower, except the Nasdaq closed lower with an inside day.
The Nasdaq is consolidating.

While BDI and CDFI rebounded to close higher, Harpex continued to close higher, and CCFI continued to close lower.

The dollar index broke out of consolidation, rallied and closed higher.

Watch out for

• Multiple countries are reporting Retail Sales and CPI data
• China GDP

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 

• S&P

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 are based on 50 Simple Moving Averages.

Dow
Daily UT, Weekly UT
Potential resistance around 39,754, 41,884

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily UT, Weekly UT

Potential resistance around 5,338

Potential support around 5,103, 4,867, 4,632, 4,396, 4,161

Nasdaq
Daily UT, Weekly UT

Potential resistance around 18,542

Potential support around 17,819, 17,097, 16,374, 15,652

Russell
Daily UT, Weekly UT
Potential resistance around 2,040, 2,170, 2,300

Potential support around 1,910, 1,779, 1,649, 1,519

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

15 Apr, Mon

• 2030 US Core Retail Sales (MoM) (Mar)
• 2030 US Retail Sales (MoM) (Mar)

16 Apr, Tue

• 1000 China GDP (YoY) (Q1)
• 1000 China Retail Sales (YoY) (Mar)
• 1000 China Industrial Production YoY (Mar)
• 1400 UK Unemployment Rate (Feb)
• 1700 German ZEW Economic Sentiment Index (Apr)
• 2030 US Building Permits (Mar) 
• 2030 Canada Core CPI (YoY) (Mar)
• 2030 Canada CPI (YoY) (Mar)

17 Apr, Wed

• 1400 UK CPI (YoY) (Mar)
• 1700 Europe CPI (YoY) (Mar)
• 2230 US Crude Oil Inventories

18 Apr, Thu

• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Apr)
• 2200 US Existing Home Sales (Mar)

19 Apr, Fri

• 0730 Japan National CPI (MoM)
• 0730 Japan National Core CPI (MoM)
• 1400 UK Retail Sales (YoY) (Mar)
• 1400 UK Core Retail Sales (YoY) (Mar)