Indices Performance Chart - 01 Apr 17

Europe and US markets closed higher while most Asia closed lower.
BDI broke year 2016 high and Harpex rose sharply more than 8%.
Dollar Index tested support and rebounded.  An outside day is formed on the weekly chart.
This coming week will have manufacturing PMI data release from various countries.  
On Thur, FOMC meeting minutes at 0200Hrs and Trump will be meeting Xi Jinping.  Follow by Fri NFP and unemployment rate.

nstruments 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

• Dow

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 

US markets broke recent low and recovered to close with a +roc on the weekly chart. 

Nasdaq created historic high while Russell resisted around 1,389 strong resistance level again.

Dow

Daily UT, Weekly UT
Potential resistance around TLU5, TLU6, 21,451
Potential support around TLU2, TLU11, 19,968, TLU4, 19,440, 18,669, 18,557, TLU1, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around TLU5, TLU1,2,522
Potential support around 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU5, 5,538, TLU3
Potential support around TLU4, TLU7, TLU1, 5,041, 4,960, 4,896, 4,816

Russell
Daily UT, Weekly UT
Potential resistance around 1,389, TLU1, TLU3, TLU5, 1,519
Potential support around 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)

03 Apr, Mon

• China Holiday
• 0750 JPY Tankan Large Manufacturers Index (Q1)
• 0750 JPY Tankan Large Non-Manufacturers Index (Q1)
• 0930 AUD Retail Sales (MoM) (Feb)
• 0945 CNY Retail Sales (MoM) (Feb)
• 1555 EUR German Manufacturing PMI (Mar)   
• 1630 GBP Manufacturing PMI (Mar) 
• 2200 USD ISM Manufacturing PMI (Mar) 

04 Apr, Tue

• China, Hong Kong and India Holiday
• 1230 AUD RBA Interest Rate Decision (Apr) 
• 1230 AUD RBA Rate Statement   
• 1630 GBP Construction PMI (Mar)
• 2030 USD Trade Balance

05 Apr, Wed

• 1630 GBP Services PMI (Mar) 
• 2015 USD ADP Nonfarm Employment Change (Mar)
• 2200 USD ISM Non-Manufacturing PMI (Mar)
• 2230 USD Crude Oil Inventories

06 Apr, Thu

• Trump and Xi Jinping meeting
• 0200 USD FOMC Meeting Minutes

07 Apr, Fri

• 1630 GBP Manufacturing Production (MoM) (Feb) 
• 2030 USD Nonfarm Payrolls (Mar) 
• 2030 USD Unemployment Rate (Mar) 
• 2030 CAD Employment Change (Mar) 
• 2200 CAD Ivey PMI (Mar)