US Markets 07 Nov 26

The US market closed lower. The Dow and Russell closed with an outside day on the weekly chart.

The dollar index closed higher, above the 200-period MA on the weekly chart. The dollar index is consolidating.

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

Watch out for

• China and US CPI data

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
• Nasdaq

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 7,458, 7,693, 7,929

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

Nasdaq
Daily DT, Weekly UT

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

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

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)

09 Nov, Mon

• 0930 China CPI (MoM) (Oct)

10 Nov, Tue

• 2115 US ADP Employment Change Weekly
• 2130 US CPI (MoM) (Oct)
• 2130 US Core CPI (MoM) (Oct)

11 Nov, Wed

• 0200 US 10-Year Note Auction  

12 Nov, Thu

• 1500 UK GDP (YoY) (Q3) ^P
• 1500 UK GDP (QoQ) (Q3) ^P
• 2130 US Initial Jobless Claims
• 2300 US Existing Home Sales  (Oct)

13 Nov, Fri

• 0100 US Crude Oil Inventories
• 0200 US 30-Year Bond Auction
• 1800 Europe GDP (YoY) (Q3) ^P
• 2130 US PPI (MoM) (Oct)

^P: Preliminary Release

Commodities Update 07 Nov 26

BDI closed higher, from 2,714 (30 Oct) to 2,805 (06 Nov)

Harpex remained the same at 2,585 (06 Nov)

CDFI reversed to close lower, from 1,626.53 (30 Oct) to 1,584.99 (06 Nov)

CCFI continued to close higher, from 1,881.82 (30 Oct) to 1,924.69 (06 Nov)

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
• Orange Juice

Neutral

• None

Up Trend

• Crude

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

• None

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, above the 200-period MA on the weekly chart. The dollar index is consolidating.
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 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