US Markets 29 Aug 26

The US market closed higher, except for the Russell, which closed lower. Nasdaq daily trend turned neutral.

The dollar index tested the 98.7 support level, rebounded, broke the previous week's high and closed higher.

BDI, Harpex, CCFI, and CDFI closed higher.

Watch out for

• Interest rate decision by New Zealand and Canada
• China and US PMI
• US NFP

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

UT 

• 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 54,662, 56,792

Potential support around 52,533, 50,403, 48,273

S&P
Daily UT, Weekly UT

Potential resistance around 7,929

Potential support around 7,693, 7,458, 7,222

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 30,100, 30,822, 31,545

Potential support around 29,378, 28,655, 27,933

Russell
Daily UT, Weekly UT

Potential resistance around 3,081, 3,212

Potential support around 2,951,  2,821, 2,691

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

31 Aug, Mon

• UK on holiday
• 0930 China Manufacturing PMI (Aug)
• 2000 German CPI (MoM) (Aug) ^P
• 2145 US Chicago PMI  (Aug)

01 Sep, Tue

• 1700 Europe CPI (YoY) (Aug) ^P
• 2145 US S&P Global Manufacturing PMI  (Aug)
• 2200 US ISM Manufacturing PMI  (Aug)
• 2200 US JOLTS Job Openings  (Jul)

02 Sep, Wed

• 0930 Australia GDP (QoQ) (Q2)
• 1000 New Zealand RBNZ Interest Rate Decision
• 2015 US ADP Nonfarm Employment Change (Aug)
• 2145 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories

03 Sep, Thu

• 2030 US Initial Jobless Claims
• 2145 US S&P Global Services PMI (Aug)
• 2200 US ISM Non-Manufacturing PMI (Aug)

04 Sep, Fri

• 2030 US Average Hourly Earnings (MoM) (Aug)
• 2030 US Nonfarm Payrolls (Aug)
• 2030 US Unemployment Rate (Aug)
• 2030 Canada Unemployment Rate (Aug)
• 2200 Canada Ivey PMI (Aug)

^P: Preliminary Release

Commodities Update 28 Aug 26

BDI reversed to close higher from 2,841 (21 Aug) to 3,186 (28 Aug)

Harpex closed higher from 2,380 (21 Aug) to 2,413 (28 Aug)

CDFI continued to close higher from 1,555.47 (21 Aug) to 1,643.41 (28 Aug)

CCFI reversed to close higher from 1,821.65 (21 Aug) to 1,833.99 (28 Aug)

COT     

Download Commodities COT

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

• Lumber (1)

Neutral

• Silver

Up Trend

• Cocoa
• Platinum

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

• Cotton
• Wheat
• Sugar
• Soybeans
• Corn
• Oats

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

Dollar Index closed higher

The dollar index tested the 98.7 support level, rebounded, broke the previous week's high and closed higher.
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

US Markets 22 Aug 26

The US market broke the previous week's low and closed lower. Nasdaq daily trend turned up.

After testing 99.8 resistance twice over the last two weeks, the dollar index continued to close lower, slightly above the 98.7 support level.

While BDI and CCFI closed lower, Harpex and CDFI closed higher.

Watch out for

• US GDP
• Jackson Hole Symposium 
• Speech by Fed Warsh

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

UT 

• Nasdaq
• Russell

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 are based on 50 Simple Moving Averages

Dow
Daily UT, Weekly UT

Potential resistance around 54,662, 56,792

Potential support around 52,533, 50,403, 48,273

S&P
Daily UT, Weekly UT

Potential resistance around 7,693, 7,929

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

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 3,081, 3,212

Potential support around 2,951,  2,821, 2,691

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

24 Aug, Mon

• No important data

25 Aug, Tue

• 0930 Australia RBA Meeting Minutes
• 1300 Japan BoJ Core CPI (YoY) 
• 1400 Germany GDP (QoQ) (Q2)
• 2200 US CB Consumer Confidence (Aug)
• 2200 US New Home Sales (Jul)

26 Aug, Wed

• 0930 Australia CPI (Jul)
• 2030 US Core PCE Price Index (YoY) (Jul)
• 2030 US GDP (QoQ) (Q2) ^P
• 2030 US Durable Goods Orders (MoM) (Jul) ^P
• 2230 US Crude Oil Inventories

27 Aug, Thu

• 0800 US Jackson Hole Symposium 
• 2030 US Initial Jobless Claims

28 Aug, Fri

• 0800 US Jackson Hole Symposium 
• 2200 US Michigan Consumer Sentiment (Aug)
• 2200 US Fed Warsh Speaks

29 Aug, Sat

• 0800 US Jackson Hole Symposium 

^P: Preliminary Release

Commodities Update 22 Aug 26

BDI continued to close lower from 2,863 (14 Aug) to 2,841 (21 Aug)

Harpex closed higher from 2,346 (14 Aug) to 2,380 (21 Aug)

CDFI reversed to close higher from 1,543.23 (14 Aug) to 1,555.47 (21 Aug)

CCFI reversed to close lower from 1,846.96 (14 Aug) to 1,821.65 (21 Aug)

COT     

Download Commodities COT

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

• Lumber

Neutral

• Gold
• Silver
• Platinum (1)

Up Trend

• Cocoa

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

• Cotton
• Wheat
• Sugar

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

Dollar Index closed lower

After testing 99.8 resistance twice over the last two weeks, the dollar index continued to close lower, slightly above the 98.7 support level.
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