US Markets 05 Apr 25

The US market broke the consolidation support and slumped.

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

The dollar index broke consolidation support and slumped. It recovered some losses before closing lower.

Watch out for

• New Zealand Interest Rate Decision
• CPI data by China and US
• FOMC Meeting Minutes

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 

• S&P

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 39,754, 41,884, 44,014, 46,144

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily DT, Weekly UT

Potential resistance around 5,103, 5,338,5,574, 5,809

Potential support around 4,867, 4,632, 4,396, 4,161

Nasdaq
Daily DT, Weekly UT

Potential resistance around 17,819, 18,542, 19,264, 19,986

Potential support around 17,097, 16,374, 15,652, 14,930

Russell
Daily DT, Weekly DT
Potential resistance around 1,910, 2,040, 2,170, 2,300

Potential support around 1,779, 1,649, 1,519, 1,389

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

07 Apr, Mon

• None

08 Apr, Tue

• 2200 Canada Ivey PMI (Mar)

09 Apr, Wed

• 1000 New Zealand RBNZ Interest Rate Decision
• 1300 Japan Consumer Confidence (Mar)
• 2230 US Crude Oil Inventories

10 Apr, Thu

• 0100 US 10-Year Note Auction
• 0200 US FOMC Meeting Minutes
• 0930 China CPI (YoY) (Mar)
• 0930 China PPI (YoY) (Mar)
• 2030 US Core CPI (MoM) (Mar)
• 2030 US CPI (MoM) (Mar)
• 2030 US Initial Jobless Claims

• 11 Apr, Fri
• 0100 US 30-Year Bond Auction
• 1400 UK GDP (MoM) (Feb)
• 1400 Germany CPI (MoM) (Mar)
• 2030 US PPI (MoM) (Mar)
• 2200 US Michigan Consumer Sentiment (Apr)  

Commodities Update 05 Apr 25

BDI continued to close lower from 1,602 (28 Mar) to 1,489 (04-Apr)

Harpex closed higher from 2,076 (28 Mar) to 2,082 (04-Apr)

CDFI reversed to close higher from 1,047.77 (28 Mar) to 1,053.11 (03-Apr)

CCFI closed lower from 1,111.71 (28 Mar) to 1,102.71 (03-Apr)

COT     

Download Commodities COT

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

• Wheat
• Soybean Meal
• Cotton
• Rough Rice (1)
• Cocoa
• Crude (1)

Neutral

• None

Up Trend

• None

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

• Feeder Cattle

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 consolidation support

The dollar index broke consolidation support and slumped. It recovered some losses before closing lower.
Resistance at TLU1, 103.6, 106.7, 109.7
Support at 102.3, 100.3, 99.8, 98.7

COT for Dollar Index

Weekly chart with 50 SMA