US Markets 31 Oct 26

The US market closed lower, except for Russell, which closed higher.

The dollar index closed higher but still below the 200-period MA on the weekly chart.

BDI, Harpex, CDFI, and CCFI closed higher.

Watch out for

• End of daylight saving; US stock market starts trading at 10:30 PM (SGT).
• Australia and UK Interest rate decisions
• US NFP

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 

• Dow

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 52,533, 54,662, 56,792

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

S&P
Daily Neutral, Weekly UT

Potential resistance around 7,693, 7,929

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

Nasdaq
Daily Neutral, Weekly UT

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

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

Russell
Daily DT 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)

02 Nov, Mon

• 2245 US S&P Global Manufacturing PMI (Oct)
• 2300 US ISM Manufacturing PMI  (Oct)

03 Nov, Tue

• Japan on holiday
• 1130 Australia RBA Interest Rate Decision (Nov)
• 2300 US JOLTS Job Openings (Sep)

04 Nov, Wed

• 1655 Germany HCOB Services PMI (Oct)
• 1700 Europe HCOB Services PMI (Oct)
• 1730 UK S&P Global Services PMI  (Oct)
• 1800 Europe CPI (YoY) (Oct) ^P
• 2145 US ADP Nonfarm Employment Change (Oct)
• 2245 US S&P Global Services PMI (Oct)
• 2300 US ISM Non-Manufacturing PMI  (Oct)
• 2330 US Crude Oil Inventories

05 Nov, Thu

• 2000 UK BoE Interest Rate Decision (Nov)
• 2130 US Initial Jobless Claims

06 Nov, Fri

• 2130 US Nonfarm Payrolls (Oct)
• 2130 US Unemployment Rate (Oct)
• 2300 US Michigan Consumer Sentiment (Nov)
• 2300 Canada Ivey PMI (Oct)

^P: Preliminary Release

Commodities Update 31 Oct 26

BDI continued to close higher, from 2,660 (23 Oct) to 2,714 (30 Oct)

Harpex closed higher, from 2,525 (23 Oct) to 2,585 (30 Oct)

CDFI continued to close higher, from 1,603.76 (23 Oct) to 1,626.53 (30 Oct)

CCFI reversed to close higher, from 1,876.27 (23 Oct) to 1,881.82 (30 Oct)

COT     

Download Commodities COT

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

• Lumber (1)
• Silver (1)
• Platinum (1)
• Palladium
• Gold (1)
• Coffee

Neutral

• None

Up Trend

• Crude

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

• 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 higher

The dollar index closed higher but still below the 200-period MA on the weekly chart.
Resistance at 102.3, 103.6
Support at 100.3, 99.8, 98.7

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 24 Oct 26

The US market closed mixed. The Dow and Russell closed higher, while the S&P and Nasdaq closed lower, and the trend has turned down.

The dollar index edged lower; it closed below the 200 MA on the weekly chart.

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

Watch out for

• New Zealand, Canada, US, Europe and Japan Interest rate decisions.
• Preliminary release of GDP from the US, Europe and Germany

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 52,533, 54,662, 56,792

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

S&P
Daily DT, Weekly UT

Potential resistance around 7,693, 7,929

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

Nasdaq
Daily DT, Weekly UT

Potential resistance around 29,378, 30,100, 30,82

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

Russell
Daily DT 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)

26 Oct, Mon

• New Zealand on holiday

27 Oct, Tue

• 2015 US ADP Employment Change Weekly
• 2030 US Durable Goods Orders (MoM) (Sep) ^P
• 2030 US Core Durable Goods Orders (MoM) (Sep) ^P
• 2200 US New Home Sales (Sep)

28 Oct, Wed

• 0830 Australia CPI (QoQ) (Q3)
• 0900 New Zealand RBNZ Interest Rate Decision
• 2030 UK Autumn Forecast Statement  
• 2145 Canada BoC Interest Rate Decision  
• 2230 US Crude Oil Inventories

29 Oct, Thu

• 0200 US Fed Interest Rate Decision 
• 0200 US FOMC Statement 
• 0230 US FOMC Press Conference  
• 2030 US Core PCE Price Index (MoM) (Sep)
• 2030 US Core PCE Price Index (YoY) (Sep)
• 2030 US GDP (QoQ) (Q3) ^P
• 2030 US Initial Jobless Claims
• 2115 Europe Deposit Facility Rate (Oct)
• 2115 Europe ECB Interest Rate Decision (Oct)

30 Oct, Fri

• 1100 Japan BoJ Interest Rate Decision
• 1700 Germany GDP (QoQ) (Q3) ^P
• 1800 Europe GDP (QoQ) (Q3) ^P
• 2100 Germany CPI (MoM) (Oct)
• 2145 US Chicago PMI (Oct)

^P: Preliminary Release

Commodities Update 24 Oct 26

BDI reversed to close higher, from 2,511 (16 Oct) to 2,660 (23 Oct)

Harpex closed higher, from 2,468 (16 Oct) to 2,525 (23 Oct)

CDFI reversed to close higher, from 1,489.48 (16 Oct) to 1,603.76 (23 Oct)

CCFI reversed to close lower, from 1,922.64 (16 Oct) to 1,876.27 (23 Oct)

COT     

Download Commodities COT

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

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

Neutral

• None

Up Trend

• None

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

• Sugar
• Soybean Meal

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 edged lower

The dollar index edged lower, closing below the 200-period MA on the weekly chart.
Resistance at 102.3, 103.6
Support at 100.3, 99.8, 98.7

COT for Dollar Index

Weekly chart with 50 SMA