US Markets 18 Apr 26

The US market closed at historic highs, except for the Dow. The trend turned neutral for S&P, Nasdaq, and Russell.

BDI, Harpex, CDFI, and CCFI closed higher.

The dollar index broke the consolidated support and closed lower.

Watch out for

• CPI and Retail Sales data from multiple countries

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

UT 

• None

Neutral 

• Nasdaq

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 DT, Weekly UT

Potential resistance around 50,403, 52,533

Potential support around 48,273, 46,144, 44,014

S&P
Daily Neutral, Weekly UT

Potential resistance around 7,222, 7,458

Potential support around 6,987, 6,751, 6,516

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 27,210

Potential support around 26,488, 25,766, 25,043

Russell
Daily Neutral, Weekly UT

Potential resistance around  2,821, 2,951

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

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

20 Apr, Mon

• 0915 China PBoC Loan Prime Rate  
• 2030 Canada Core CPI (MoM) (Mar)
• 2030 Canada CPI (MoM) (Mar)

21 Apr, Tue

• 1400 UK Unemployment Rate  (Feb)
• 1400 UK Employment Change 3M/3M (MoM) (Feb)
• 1700 Germany ZEW Economic Sentiment  (Apr)
• 2015 US ADP Employment Change Weekly  
• 2030 US Retail Sales (MoM) (Mar)
• 2030 US Core Retail Sales (MoM) (Mar)

22 Apr, Wed

• 1400 UK CPI (YoY) (Mar)
• 2230 US Crude Oil Inventories

23 Apr, Thu

• 0930 Australia Unemployment Rate (Mar)
• 2030 US Initial Jobless Claims

24 Apr, Fri

• 0730 Japan National Core CPI (YoY) (Mar)
• 0730 Japan National CPI (YoY) (Mar)
• 1400 UK Core Retail Sales (MoM) (Mar)
• 1400 UK Retail Sales (MoM) (Mar)
• 1600 Germany German Ifo Business Climate Index (Apr)
• 2030 Canada Core Retail Sales (MoM) (Feb)
• 2030 Canada Retail Sales (MoM) (Feb)
• 2200 US Michigan Consumer Sentiment  (Apr)

Commodities Update 18 Apr 26

BDI closed higher from 2,201 (10 Apr) to 2,567 (17 Apr)

Harpex closed higher from 2,239 (10 Apr) to 2,257 (17 Apr)

CDFI closed higher from 1,417.63 (10 Apr) to 1,501.4 (17 Apr)

CCFI closed higher from 1,209.84 (10 Apr) to 1,211.08 (17 Apr)

COT     

Download Commodities COT

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

• Cocoa
• Lumber (1)
• Natural Gas

Neutral

• Platinum (1)
• Gold (1)
• Silver (1)
• Rough Rice

Up Trend

• Crude (1)
• Heating Oil

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

• Soybean Meal
• Soybean Oil

Neutral

• Copper

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 the consolidated support

The dollar index broke the consolidated support and closed lower.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 11 Apr 26

The US market broke the previous week's high and closed higher.

BDI, Harpex, CDFI, and CCFI closed higher.

The dollar index broke the consolidated support level and closed lower.

Watch out for

• China GDP

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 are based on 50 Simple Moving Averages

Dow
Daily DT, Weekly UT

Potential resistance around 48,273, 50,403

Potential support around 46,144, 44,014, 41,884

S&P
Daily DT, Weekly UT

Potential resistance around  6,987, 7,222

Potential support around 6,751, 6,516, 6,280

Nasdaq
Daily DT, Weekly UT

Potential resistance around 25,766, 26,488

Potential support around 25,043, 24,321, 23,598

Russell
Daily DT, Weekly UT

Potential resistance around  2,691, 2,821

Potential support around 2,561, 2,430, 2,300

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

13 Apr, Mon

• 2200 US Existing Home Sales (Mar)

14 Apr, Tue

• 2030 US PPI (MoM) (Mar)

15 Apr, Wed

• 2030 US NY Empire State Manufacturing Index (Apr)
• 2230 US Crude Oil Inventories

16 Apr, Thu

• 0930 Australia Unemployment Rate (Mar)
• 1000 China Industrial Production (YoY) (Mar)
• 1000 China GDP (YoY) (Q1)
• 1400 UK GDP (MoM) (Feb)
• 1700 Europe CPI (YoY) (Mar)
• 2030 US Philadelphia Fed Manufacturing Index (Apr)
• 2030 US Initial Jobless Claims

17 Apr, Fri

• No important data

Commodities Update 11 Apr 26

BDI continued to close higher from 2,066 (02 Apr) to 2,201 (10 Apr)

Harpex closed higher from 2,213 (03 Apr) to 2,239 (10 Apr)

CDFI continued to close higher from 1,404.81 (03 Apr) to 1,417.63 (10 Apr)

CCFI closed higher from 1,184.7 (03 Apr) to 1,209.84 (10 Apr)

COT     

Download Commodities COT

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

• Coffee
• Cocoa
• Platinum (1)
• Natural Gas
• Gold (1)
• Silver (1)

Neutral

• Lumber (1)

Up Trend

• Crude
• Rough Rice
• Heating Oil

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

• Wheat
• Soybean Meal
• Soybean Oil

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 broke the consolidated support level

The dollar index broke the consolidated support level and closed lower.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA