US Markets 06 Jun 26

The US market broke the previous week's high and reversed to close lower. S&P, Nasdaq and Russell closed with an outside day on the weekly chart.

While CCFI continued to close higher, Harpex remained unchanged, and BDI and CDFI  reversed to close lower.

The dollar index broke its previous week's high and closed higher.

Watch out for

• Interest rate decision from Canada and Europe
• CPI data from China, the US and Germany

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

UT 

• Nasdaq (1) 
• Russell

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 are based on 50 Simple Moving Averages

Dow
Daily UT, Weekly UT

Potential resistance around 52,533

Potential support around 50,403, 48,273, 46,144

S&P
Daily UT, Weekly UT

Potential resistance around 7,458, 7,693

Potential support around 7,222, 6,987, 6,751

Nasdaq
Daily UT, Weekly UT

Potential resistance around 29,378, 30,100, 30,822

Potential support around  28,655, 27,933, 27,210

Russell
Daily UT, Weekly UT

Potential resistance around  2,821, 2,951, 3,081

Potential support around 2,691, 2,561, 2,430

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

08 Jun, Mon

• Australia on holiday
• 0750 Japan GDP (QoQ) (Q1)

09 Jun, Tue

• 2015 US ADP Employment Change Weekly  
• 2200 US Existing Home Sales  (May)

10 Jun, Wed

• 0930 Australia Building Approvals (MoM) (Apr)
• 0930 China CPI (YoY) (May)
• 2030 US CPI (MoM) (May)
• 2030 US Core CPI (MoM) (May)
• 2145 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories

11 Jun, Thu

• 0100 US 10-Year Note Auction 
• 2015 Europe ECB Interest Rate Decision (Jun)
• 2015 Europe Deposit Facility Rate (Jun)
• 2030 US Initial Jobless Claims
• 2030 US PPI (MoM) (May)
• 2045 Europe ECB Press Conference  

12 Jun, Fri

• 1400 German CPI (MoM) (May)
• 1400 UK GDP (MoM) (Apr)
• 2200 US Michigan Consumer Sentiment (Jun) ^P

Note

• ^P: Preliminary Release

Commodities Update 06 JUn 26

BDI reversed to close lower from 3,224 (29 May) to 2,981 (05 Jun)

Harpex remained unchanged at 2,322 (05 Jun)

CDFI reversed to close lower from 1,710.16 (29 May) to 1,623.45 (05 Jun)

CCFI closed higher from 1,366.76 (29 May) to 1,411.6 (05 Jun)

COT     

Download Commodities COT

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

• Coffee
• Oats (1)

Neutral

• Platinum (1)
• Gold (1)
• Silver
• Crude
• Lumber (1)

Up Trend

• Cocoa
• Heating Oil

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

• Cotton
• Copper

Neutral

• Soybean Meal

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

Dollar Index broke out

The dollar index broke its previous week's high and closed higher.
Resistance at 100.3, 102.3, 103.6
Support at 99.8, 98.7, 97.3

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 30 May 26

The US market hits a historic high.

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

The dollar index broke its previous week's low and closed lower.

Watch out for

• Speech by Fed Chair Powell
• US NFP
• Manufacturing and Services PMI from multiple countries

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

UT 

• Nasdaq (1) 
• Russell

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 are based on 50 Simple Moving Averages

Dow
Daily UT, Weekly UT

Potential resistance around 52,533

Potential support around 50,403, 48,273, 46,144

S&P
Daily UT, Weekly UT

Potential resistance around 7,693

Potential support around 7,458, 7,222, 6,987

Nasdaq
Daily UT, Weekly UT

Potential resistance around 30,822, 31,45

Potential support around 30,100, 29,378, 28,655

Russell
Daily UT, Weekly UT

Potential resistance around  2,951, 3,081

Potential support around 2,821, 2,691, 2,561

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

01 Jun, Mon

• New Zealand on holiday
• 0830 US Fed Chair Powell Speaks 
• 1400 UK Nationwide HPI (YoY) (May)
• 1500 Switzerland GDP (QoQ) (Q1)
• 1555 Germany HCOB Manufacturing PMI (May)
• 1600 Europe HCOB Manufacturing PMI (May)
• 1630 UK S&P Global Manufacturing PMI (May)
• 1700 Europe Unemployment Rate  (Apr)
• 2145 US S&P Global Manufacturing PMI (May)
• 2200 US ISM Manufacturing PMI (May)

02 Jun, Tue

• 0930 Australia Building Approvals (MoM) (Apr)
• 1700 Europe CPI (YoY) (May) ^P
• 1700 Europe Core CPI (YoY) (May) ^P
• 2200 US JOLTS Job Openings (Apr)

03 Jun, Wed

• 0930 Australia GDP (YoY) (Q1)
• 1555 Germany HCOB Services PMI (May)
• 1600 Europe HCOB Services PMI (May)
• 1630 UK S&P Global Services PMI (May)
• 2015 US ADP Nonfarm Employment Change (May)
• 2145 US S&P Global Services PMI (May)
• 2200 US ISM Non-Manufacturing PMI (May)
• 2230 US Crude Oil Inventories

04 Jun, Thu

• 2030 US Initial Jobless Claims

05 Jun, Fri

• 1700 Europe GDP (YoY) (Q1)
• 2030 US Nonfarm Payrolls (May)
• 2030 US Unemployment Rate (May)
• 2030 Canada Unemployment Rate (May)

Note

• ^P: Preliminary Release

Commodities Update 30 May 26

BDI reversed to close higher from 2,991 (22 May) to 3,224 (29 May)

Harpex closed higher from 2,321 (22 May) to 2,322 (29 May)

CDFI reversed to close higher from 1,656.47 (22 May) to 1,710.16 (29 May)

CCFI closed higher from 1,317.36 (22 May) to 1,366.76 (29 May)

COT     

Download Commodities COT

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

• Coffee
• Platinum (1)
• Gold (1)
• Lumber (1)
• Natural Gas

Neutral

• Silver
• Oats
• Crude (1)

Up Trend

• Cocoa
• Heating Oil

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

• Wheat
• Copper

Neutral

• Soybean Meal

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

Dollar Index closed lower

The dollar index broke its previous week's low and closed lower.
Resistance at 99.8, 100.3, 102.3
Support at 98.7, 97.3, 96.3

COT for Dollar Index

Weekly chart with 50 SMA