Indices Performance Chart - 01 Jul 17

Most markets closed lower.  US markets (except Russell) broke hlf on the weekly chart. 
Dollar Index continues to be bearish; broke hlf, support level and downtrend channel. Potential technical rebound at sights.

Most commodities closed higher except metals.

Important data for the week are FOMC meeting minutes on 06 Jul 0200Hrs. Nonfarm payroll and USD Unemployment Rate on 07 Jul.
Volatilities will continue. 

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

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 

On the weekly chart, US markets (except Russell) broke hlf.  Nasdaq formed an outside day.  Russell broke lhf and closed with a small roc.

Dow

Daily UT, Weekly UT
Potential resistance around 21,451, TLU6, 23,462

Potential support around TLU11, TLU5, 21,099, 20,756, TLU2, 19,968, TLU4, 19,440, 18,669

S&P
Daily UT, Weekly UT

Potential resistance around TLU5, TLU1,2,522, 2,758
Potential support around 2,392, 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137

Nasdaq
Daily UT, Weekly UT
Potential resistance around 5,722, TLU3, TLU7, 5,890, 6,261, 6,983
Potential support around TLU5, 5,538, TLU4, 5,237, TLU1, 5,041

Russell
Daily UT, Weekly UT
Potential resistance around 1,420, TLU1, TLU3, TLU5, 1,519
Potential support around 1,389, 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)

03 Jul, Mon

• Canada Holiday
• US close early
• 0750 JPY Tankan Large Manufacturers Index (Q2) 
• 0750 JPY Tankan Large Non-Manufacturers Index (Q2) 
• 0945 CNY Caixin Manufacturing PMI (Jun)
• 1555 EUR German Manufacturing PMI (Jun) 
• 2200 USD ISM Manufacturing PMI (Jun) 

04 Jul, Tue

• US Holiday
• 0930 AUD Retail Sales (MoM) (May) 
• 1230 AUD RBA Interest Rate Decision (Jul)
• 1230 AUD RBA Rate Statement   
• 1630 GBP Manufacturing PMI (Jun) 

05 Jul, Wed

• 1630 GBP Services PMI (Jun)
• 06 Jul, Thu
• 0200 USD FOMC Meeting Minutes
• 2015 USD ADP Nonfarm Employment Change (Jun) 
• 2200 USD ISM Non-Manufacturing PMI (Jun) --
• 2230 USD Crude Oil Inventories

07 Jul, Fri

• 1630 GBP Manufacturing Production (MoM) (May) 
• 2030 USD Nonfarm Payrolls (Jun) 
• 2030 USD Unemployment Rate (Jun) 
• 2200 CAD Ivey PMI (Jun)