US Markets 21 Mar 26

The US market closed lower for another week.

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

The dollar index closed lower with an inside day on the weekly chart.

Watch out for

• Preliminary CPI data from multiple countries.

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 

• 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 46,144, 48,273, 50,403

Potential support around 44,014, 41,884, 39,754

S&P
Daily DT, Weekly UT

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

Potential support around 6,516, 6,280, 6,045

Nasdaq
Daily DT, Weekly UT

Potential resistance around 24,321, 25,043, 25,766

Potential support around 23,598, 22,876, 22,154

Russell
Daily Neutral, Weekly UT

Potential resistance around 2,561, 2,691, 2,821

Potential support around 2,430, 2,300, 2,170

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

23 Mar, Mon

• No important data

24 Mar, Tue

• 0730 Japan National Core CPI (YoY) (Feb)
• 0730 Japan National CPI (YoY) (Feb)
• 1630 Germany HCOB Manufacturing PMI (Mar)
• 1630 Germany HCOB Services PMI (Mar)
• 1700 Europe HCOB Manufacturing PMI (Mar)
• 1700 Europe HCOB Services PMI (Mar)
• 1730 UK S&P Global Services PMI (Mar)
• 1730 UK S&P Global Manufacturing PMI (Mar)
• 2015 US ADP Employment Change Weekly
• 2145 US S&P Global Services PMI (Mar)
• 2145 US S&P Global Manufacturing PMI (Mar)

25 Mar, Wed

• 0830 Australia CPI (YoY) (Feb)
• 1500 UK CPI (YoY) (Feb)
• 2230 US Crude Oil Inventories

26 Mar, Thu

• 2030 US Initial Jobless Claims

27 Mar, Fri

• 1500 UK Retail Sales (YoY) (Feb)
• 1500 UK Core Retail Sales (YoY) (Feb)
• 2200 US Michigan Consumer Sentiment (Mar)

Commodities Update 11 Mar 26

BDI continued to close higher from 2,028 (13 Mar) to 2,056 (20 Mar)

Harpex remained the same at 2,213 (20 Mar)

CDFI closed higher from 1,392.36 (13 Mar) to 1,433.78 (20 Mar)

CCFI closed higher from 1,072.16 (13 Mar) to 1,120.61 (20 Mar)

COT     

Download Commodities COT

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

• Coffee
• Cocoa
• Sugar
• Platinum (1)
• Natural Gas

Neutral

• Silver (1)

Up Trend

• Crude
• Rough Rice
• Gold (1)
• Lumber (1)

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 closed with an inside day

The dollar index closed lower with an inside day on the weekly chart.
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 14 Mar 26

The US market continued to close lower.  While the Dow and S&P have entered a downtrend, the Russell has turned neutral.

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

The dollar index broke the 100.3 resistance and continued to rally.

Watch out for

• Interest rate decisions by Australia, Canada, the US, Japan, Switzerland, the UK and Europe.

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 6,751, 6,987, 7,222

Potential support around 6,516, 6,280, 6,045

Nasdaq
Daily DT, Weekly UT

Potential resistance around 24,321, 25,043, 25,766

Potential support around 23,598, 22,876, 22,154

Russell
Daily Neutral, Weekly UT

Potential resistance around 2,561, 2,691, 2,821

Potential support around 2,430, 2,300, 2,170

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

16 Mar, Mon

• 1000 China Industrial Production (YoY) (Feb)
• 1000 China NBS Press Conference
• 2030 US NY Empire State Manufacturing Index (Mar)
• 2030 Canada CPI (MoM) (Feb)
• 2030 Canada Core CPI (MoM) (Feb)

17 Mar, Tue

• 1130 Australia RBA Interest Rate Decision (Mar)
• 1800 Europe ZEW Economic Sentiment (Mar)
• 1800 Germany ZEW Economic Sentiment (Mar)

18 Mar, Wed

• 1800 Europe CPI (YoY) (Feb)
• 2030 US PPI (MoM) (Feb)
• 2145 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories

19 Mar, Thu

• 0200 US Fed Interest Rate Decision
• 0200 US FOMC Statement
• 0230 US FOMC Press Conference
• 1100 Japan BoJ Interest Rate Decision
• 1500 UK Unemployment Rate (Jan)
• 1500 UK Claimant Count Change (Feb)
• 1630 Switzerland SNB Interest Rate Decision (Q1)
• 2000 UK BoE Interest Rate Decision (Mar)
• 2030 US Philadelphia Fed Manufacturing Index (Mar)
• 2030 US Initial Jobless Claims
• 2115 Europe ECB Interest Rate Decision (Mar)
• 2145 Europe ECB Press Conference
• 2200 US New Home Sales (Jan)

20 Mar, Fri

• Japan on holiday
• 2030 Canada Core Retail Sales (MoM) (Jan)
• 2030 Canada Retail Sales (MoM) (Jan)

Commodities Update 14 Mar 26

BDI reversed to close higher from 2,010 (06 Mar) to 2,028 (13 Mar)

Harpex remained the same at 2,213 (13 Mar)

CDFI closed higher from 1,220.06 (06 Mar) to 1,392.36 (13 Mar)

CCFI continued to close higher from 1,054.26 (06 Mar) to 1,072.16 (13 Mar)

COT     

Download Commodities COT

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

• Coffee
• Cocoa
• Sugar

Neutral

• Platinum (1)
• Lumber (1)

Up Trend

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

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

• Wheat

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 continued to rally

The dollar index broke the 100.3 resistance and continued to rally.
Resistance at 102.3, 103.6
Support at 100.3, 99.8, 98.7, 97.3

COT for Dollar Index

Weekly chart with 50 SMA