US Markets 07 Feb 26

The US market closed mixed. While the Dow and Russell closed higher, the S&P and Nasdaq closed lower. The Dow closed at a historic high.

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

The dollar index broke the previous week's high and closed higher.

Watch out for

• US NFP
• US and China CPI

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 UT, Weekly UT
Potential resistance around 50,403

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

S&P
Daily UT, Weekly UT

Potential resistance around 6,987, 7,222

Potential support around 6,751, 6,516, 6,280, 6,045

Nasdaq
Daily Neutral, Weekly UT

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

Potential support around 24,321, 23,598, 22,876

Russell
Daily UT, 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)

09 Feb, Mon

• No important data

10 Feb, Tue

• 2130 US Retail Sales (MoM) (Dec)
• 2130 US Core Retail Sales (MoM) (Dec)

11 Feb, Wed

• Japan on holiday
• 0930 China CPI (MoM) (Jan)
• 0930 China PPI (YoY) (Jan)
• 2130 US Nonfarm Payrolls (Jan)
• 2130 US Unemployment Rate (Jan)
• 2130 Canada Building Permits (MoM) (Dec)
• 2330 US Crude Oil Inventories

12 Feb, Thu

• 0200 US 10-Year Note Auction
• 1500 UK GDP (YoY) (Q4)
• 1500 UK GDP (MoM) (Dec)
• 1500 UK GDP (QoQ) (Q4)
• 2130 US Initial Jobless Claims
• 2300 US Existing Home Sales  (Jan)

13 Feb, Fri

• 0201 US 30-Year Bond Auction 
• 1800 Europe GDP (YoY) (Q4)
• 1800 Europe GDP (QoQ) (Q4)
• 2130 US CPI (MoM) (Jan)
• 2130 US Core CPI (MoM) (Jan)

Commodities Update 07 Feb 26

BDI reversed to close lower from 2,148 (30 Jan) to 1,923 (06 Feb)

Harpex remained at 2,184 (06 Feb)

CDFI reversed to close lower from 1,080.15 (30 Jan) to 1,036.42 (06 Feb)

CCFI closed lower from 1,175.59 (30 Jan) to 1,122.15 (06 Feb)

COT     

Download Commodities COT

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

• Coffee
• Cocoa
• Cotton

Neutral

• Sugar (1)

Up Trend

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

Instruments that show selling interest at extreme (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 broke the previous week's high and closed higher.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0, 94.0

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 31 Jan 26

The US market closed lower, except the S&P closed higher on the weekly chart.

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

The dollar index slumped and recovered most of the losses before closing lower.

Watch out for

• Interest rate decisions by Australia, the UK and Europe.
• Manufacturing and Services PMI data from multiple countries
• 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 

• 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 50,403

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

S&P
Daily UT, Weekly UT

Potential resistance around 6,987, 7,222

Potential support around 6,751, 6,516, 6,280, 6,045

Nasdaq
Daily UT, Weekly UT

Potential resistance around 25,766, 26,488

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

Russell
Daily UT, 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)

02 Feb, Mon

• 0945 China Caixin Manufacturing PMI (MoM) (Jan)
• 1655 Germany HCOB Manufacturing PMI (Jan)
• 1700 Europe HCOB Manufacturing PMI (Jan)
• 1730 UK S&P Global Manufacturing PMI (Jan)
• 2245 US S&P Global Manufacturing PMI (Jan)
• 2300 US ISM Manufacturing PMI  (Jan)

03 Feb, Tue

• 1130 Australia RBA Interest Rate Decision (Feb)
• 2300 US JOLTS Job Openings (Dec)

04 Feb, Wed

• 0945 China Caixin Services PMI (Jan)
• 1655 Germany HCOB Services PMI (Jan)
• 1700 Europe HCOB Services PMI (Jan)
• 1730 UK S&P Global Services PMI (Jan)
• 1800 Europe CPI (YoY) (Jan)
• 1800 Europe Core CPI (YoY) (Jan)
• 2115 US ADP Nonfarm Employment Change (Jan)
• 2245 S&P Global Services PMI (Jan)
• 2300 US ISM Non-Manufacturing PMI (Jan)
• 2330 US Crude Oil Inventories

05 Feb, Thu

• 2000 UK BoE Interest Rate Decision (Feb)
• 2115 Europe ECB Interest Rate Decision (Feb)
• 2115 Deposit Facility Rate  (Feb)
• 2130 US Initial Jobless Claims
• 2145 Europe ECB Press Conference  

06 Feb, Fri

• New Zealand on holiday
• 2130 US Nonfarm Payrolls (Jan)
• 2130 US Unemployment Rate (Jan)
• 2130 Canada Unemployment Rate (Jan)
• 2300 Canada Ivey PMI (Jan)
• 2300 US Michigan Consumer Expectations (Feb)

Commodities Update 31 Jan 26

BDI continued to close higher from 1,762 (23 Jan) to 2,148 (30 Jan)

Harpex remained at 2,184 (30 Jan)

CDFI continued to close higher from 977.48 (23 Jan) to 1,080.15 (30 Jan)

CCFI continued to close lower from 1,208.75 (23 Jan) to 1,175.59 (30 Jan)

COT     

Download Commodities COT

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

• Cocoa
• Cotton

Neutral

• None

Up Trend

• Crude
• Rough Rice
• Sugar
• Platinum (1)
• Silver (1)
• Lumber

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

• Palladium

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 slumped and recovered losses

The dollar index slumped and recovered most of the losses before closing lower.
Resistance at 97.3, 98.7, 99.8, 100.3
Support at 96.3, 95.0, 94.0

COT for Dollar Index

Weekly chart with 50 SMA