US Markets 08 Aug 26

The US market closed higher with the Dow, S&P, and Russell creating historic highs.

The dollar index broke and closed below the 99.8 support level.

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

Watch out for

• Australia Interest rate decision
• US CPI

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

UT 

• Russell

Neutral 

• None

DT 

• Nasdaq (1)

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

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 DT, Weekly UT

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

Potential support around 229,378, 28,655, 7,933

Russell
Daily UT, Weekly UT

Potential resistance around 3,081

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

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

10 Aug, Mon

• No important data

11 Aug, Tue

• Japan on holiday
• 1230 Australia RBA Interest Rate Decision (Aug)
• 2015 US ADP Employment Change Weekly
• 2200 US Existing Home Sales (Jul)

12 Aug, Wed

• 1400 Germany CPI (MoM) (Jul)
• 2030 US CPI (MoM) (Jul)
• 2030 US Core CPI (MoM) (Jul)
• 2230 US Crude Oil Inventories

13 Aug, Thu

• 1400 UK GDP (YoY) (Q2) ^P
• 2030 US PPI (MoM) (Jul)
• 2030 US Initial Jobless Claims

14 Aug, Fri

• 1700 Europe GDP (YoY) (Q2) ^P
• 2030 US Core Retail Sales (MoM) (Jul)
• 2030 US Retail Sales (MoM) (Jul)
• 2200 US Michigan Consumer Sentiment  (Aug)

^P: Preliminary Release

Commodities Update 08 Aug 26

BDI reversed to close higher from 2,732 (31 Jul) to 3,089 (07 Aug)

Harpex closed higher from 2,343 (31 Jul) to 2,346 (07 Aug)

CDFI reversed to close higher from 1,467.35 (31 Jul) to 1,608.18 (07 Aug)

CCFI closed lower from 1,857.04 (31 Jul) to 1,839.61 (07 Aug)

COT     

Download Commodities COT

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

• Gold
• Silver (1)
• Platinum (1)

Neutral

• None

Up Trend

• Cocoa
• Coffee

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

• None

Neutral

• None

Down Trend

• Cotton

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 99.8 support level

The dollar index broke and closed below the 99.8 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

US Markets 01 Aug 26

The US market broke the previous week's low and recovered to close higher.

The dollar index broke the previous week's high, then reversed to break consolidation support and the 100.3 level.

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

Watch out for

• Manufacturing and Services PMI from multiple countries.
• US NFP

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

UT 

• None

Neutral 

• None

DT 

• Nasdaq

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 52,533, 54,662

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

S&P
Daily Neutral, Weekly UT

Potential resistance around 7,693

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

Nasdaq
Daily DT, Weekly UT

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

Potential support around 27,933, 27,210, 26,488

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)

03 Aug, Mon

• Canada on holiday
• 1555 Germany HCOB Manufacturing PMI (Jul)
• 1600 Europe HCOB Manufacturing PMI (Jul)
• 1630 UK S&P Global Manufacturing PMI (Jul)
• 2145 US S&P Global Manufacturing PMI (Jul)
• 2200 US ISM Manufacturing PMI (Jul)

04 Aug, Tue

• 2200 US JOLTS Job Openings (Jun)

05 Aug, Wed

• 0750 Japan Monetary Policy Meeting Minutes  
• 0830 Japan S&P Global Services PMI (Jul)
• 1555 Germany HCOB Services PMI (Jul)
• 1600 Europe HCOB Services PMI (Jul)
• 1630 UK S&P Global Services PMI (Jul)
• 2015 US ADP Nonfarm Employment Change (Jul)
• 2145 US S&P Global Services PMI (Jul)
• 2200 US ISM Non-Manufacturing PMI (Jul)
• 2230 US Crude Oil Inventories

06 Aug, Thu

• 2030 US Initial Jobless Claims

07 Aug, Fri

• 2030 US Unemployment Rate (Jul)
• 2030 US Nonfarm Payrolls (Jul)

Commodities Update 01 Aug 26

BDI closed lower from 2,743 (24 Jul) to 2,732 (31 Jul)

Harpex closed higher from 2,340 (24 Jul) to 2,343 (31 Jul)

CDFI reversed to close lower from 1,473.77 (24 Jul) to 1,467.35 (31 Jul)

CCFI continued to close lower from 1.901.27 (24 Jul) to 1,857.04 (31 Jul)

COT     

Download Commodities COT

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

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

Neutral

• None

Up Trend

• Cocoa

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

• None

Neutral

• Soybeans

Down Trend

• Cotton

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 the support levels

The dollar index broke the previous week's high, then reversed to break consolidation support and the 100.3 level.
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