US Markets 30 Aug 25

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

While BDI and CCFI reversed to close higher, there was no change in Harpex, and CCFI closed lower..

The dollar index remained directionless. It closed lower while consolidating.

Watch out for

• Manufacturing PMI and Services PMI data from various 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 

• Nasdaq

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 46,144

Potential support around 44,014, 41,884, 39,754, 37,625

S&P
Daily UT, Weekly UT

Potential resistance around 6,516

Potential support around 6,280, 6,045, 5,809, 5,574

Nasdaq
Daily UT, Weekly UT

Potential resistance around 23,598, 24,321

Potential support around 22,876,22,154, 21,431

Russell
Daily UT, Weekly UT
Potential resistance around 2,430, 2,561

Potential support around 2,300, 2,170, 2,040, 1,910, 

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

01 Sep, Mon

• US and Canada are on holiday
• 0930 Australia Building Approvals (MoM) (Jul)
• 0945 China Caixin Manufacturing PMI (MoM) (Aug)
• 1400 UK Nationwide HPI (MoM) (Aug)
• 1555 Germany HCOB Manufacturing PMI (Aug)
• 1600 Europe HCOB Manufacturing PMI (Aug)
• 1630 UK S&P Global Manufacturing PMI (Aug)
• 1700 Europe Unemployment Rate (Jul)

02 Sep, Tue

• 1700 Europe Core CPI (YoY) (Aug)
• 1700 Europe CPI (YoY) (Aug)
• 2145 US S&P Global Manufacturing PMI (Aug)
• 2200 US ISM Manufacturing PMI (Aug)

03 Sep, Wed

• 0930 Australia GDP (QoQ) (Q2)
• 0945 China Caixin Services PMI (Aug)
• 1555 Germany HCOB Services PMI (Aug)
• 1600 Europe HCOB Services PMI (Aug)
• 1630 UK S&P Global Services PMI (Aug)
• 2200 US JOLTS Job Openings (Jul)

04 Sep, Thu

• 2015 US ADP Nonfarm Employment Change (Aug)
• 2030 US Initial Jobless Claims
• 2145 US S&P Global Services PMI (Aug)
• 2200 US ISM Non-Manufacturing PMI (Aug)

05 Sep, Fri

• 0000 US Crude Oil Inventories
• 1400 UK Core Retail Sales (MoM) (Jul)
• 1400 UK Retail Sales (MoM) (Jul)
• 1700 Europe GDP (QoQ) (Q2)
• 2030 US Nonfarm Payrolls (Aug)
• 2030 US Unemployment Rate (Aug)
• 2030 Canada Employment Change (Aug)
• 2030 Canada Unemployment Rate (Aug)
• 2200 Canada Ivey PMI (Aug)

Commodities Update 30 Aug 25

BDI reversed to close higher from 1,944 (22 Aug) to 2,025 (29 Aug)

Harpex remained at 2,210 (29 Aug)

CDFI reversed to close higher from 1,089.78 (22 Aug) to 1,144.25 (29 Aug)

CCFI closed lower from 1,174.87 (22 Aug) to 1,156.32 (29 Aug)

COT     

Download Commodities COT

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

• Corn
• Soybean Meal
• Sugar (1)
• Cocoa
• Rough Rice (1)
• Oats

Neutral

• None

Up Trend

• Crude
• Silver
• Platinum
• Cotton

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

• Feeder Cattle

Neutral

• None

Down Trend

• Heating Oil

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 be directionless

The dollar index remained directionless. It closed higher while consolidating.
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 23 Aug 25

The US market closed higher, except that the Nasdaq closed lower. The Dow and S&P closed at historic highs.

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

The dollar index remained directionless. It closed lower while consolidating.

Watch out for

• US GDP

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 46,144

Potential support around 44,014, 41,884, 39,754, 37,625

S&P
Daily UT, Weekly UT

Potential resistance around 6,516

Potential support around 6,280, 6,045, 5,809, 5,574

Nasdaq
Daily UT, Weekly UT

Potential resistance around 23,598, 24,321

Potential support around 22,876,22,154, 21,431

Russell
Daily UT, Weekly UT
Potential resistance around 2,430, 2,561

Potential support around 2,300, 2,170, 2,040, 1,910, 

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

25 Aug, Mon

• 0645 New Zealand Retail Sales (QoQ)
• 1600 Germany Ifo Business Climate Index (Aug)
• 2000 US Building Permits (Jul)
• 2200 US New Home Sales (Jul)

26 Aug, Tue

• 0930 Australia RBA Meeting Minutes
• 1300 Japan BoJ Core CPI (YoY)
• 2030 US Durable Goods Orders (MoM) (Jul) 
• 2200 US CB Consumer Confidence (Aug)

27 Aug, Wed

• 2230 US Crude Oil Inventories

28 Aug, Thu

• 2030 US GDP (QoQ) (Q2)  
• 2030 US Initial Jobless Claims

29 Aug, Fri

• 0730 Japan Tokyo Core CPI (YoY) (Aug)
• 2000 Germany CPI (MoM) (Aug)  
• 2030 US Core PCE Price Index (MoM) (Jul)
• 2030 Canada GDP (YoY) (Q2)
• 2145 US Chicago PMI (Aug)
• 2200 US Michigan Consumer Expectations (Aug)

Commodities Update 23 Aug 25

BDI continued to close lower from 2,044 (15 Aug) to 1,944 (22 Aug)

Harpex closed higher from 2,192 (15 Aug) to 2,210 (22 Aug)

CDFI continued to close lower from 1,129.64 (15 Aug) to 1,089.78 (22 Aug)

CCFI closed lower from 1,193.34 (15 Aug) to 1,174.87 (22 Aug)

COT     

Download Commodities COT

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

• Corn
• Wheat
• Soybean Meal
• Sugar (1)
• Cocoa
• Rough Rice (1)
• Oats
• Orange Juice
• Gasoline

Neutral

• None

Up Trend

• Crude
• Silver
• Platinum
• Cotton

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 remained directionless

The dollar index closed lower while consolidating.
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 16 Aug 25

The US market closed higher. The Dow, S&P and Nasdaq closed at historic highs.

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

The dollar index closed lower while consolidating.

Watch out for

• Interest Rate Decision from New Zealand
• China PBoC Loan Prime Rate
• Manufacturing PMI, Service PMI and CPI data from multiple countries
• US FOMC Meeting Minutes 
• US Jackson Hole Symposium
• US Fed Chair Powell speech

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 46,144

Potential support around 44,014, 41,884, 39,754, 37,625

S&P
Daily UT, Weekly UT

Potential resistance around 6,516

Potential support around 6,280, 6,045, 5,809, 5,574

Nasdaq
Daily UT, Weekly UT

Potential resistance around 24,321

Potential support around 23,598, 22,876,22,154, 21,431

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

Potential support around 2,170, 2,040, 1,910, 1,779

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

18 Aug, Mon

• No important data

19 Aug, Tue

• 2030 US Building Permits (Jul)  
• 2030 Canada Core CPI (MoM) (Jul)
• 2030 Canada CPI (MoM) (Jul)

20 Aug, Wed

• 0915 China PBoC Loan Prime Rate
• 1000 New Zealand RBNZ Interest Rate Decision
• 1400 UK CPI (YoY) (Jul)
• 1700 Europe CPI (YoY) (Jul)
• 2230 US Crude Oil Inventories

21 Aug, Thu

• 0200 US FOMC Meeting Minutes  
• 0700 Australia S&P Global Manufacturing PMI (Aug) 
• 0700 AustraliaS&P Global Services PMI (Aug)
• 0800 US Jackson Hole Symposium 
• 1530 Germany HCOB Manufacturing PMI (Aug)  
• 1530 Germany HCOB Services PMI (Aug)  
• 1600 Europe HCOB Manufacturing PMI (Aug)  
• 1600 Europe HCOB Services PMI (Aug)  
• 1630 UK S&P Global Manufacturing PMI (Aug) 
• 1630 UK S&P Global Services PMI (Aug) 
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Aug)
• 2145 US S&P Global Manufacturing PMI (Aug) 
• 2145 US S&P Global Services PMI (Aug)  
• 2200 US Existing Home Sales (Jul)

22 Aug, Fri

• 1400 UK Core Retail Sales (YoY) (Jul)
• 1400 UK Retail Sales (YoY) (Jul)
• 0800 US Jackson Hole Symposium 
• 1400 Germany GDP (QoQ) (Q2)
• 2030 Canada Retail Sales (YoY) (Jun)
• 2200 US Fed Chair Powell Speaks 

Commodities Update 16 Aug 25

BDI reversed to close lower from 2,051 (08 Aug) to 2,044 (15 Aug)

Harpex closed higher from 2,184 (08 Aug) to 2,192 (15 Aug)

CDFI reversed to close lower from 1,131.06(08 Aug) to 1,129.64 (15 Aug)

CCFI closed lower from 1,200.73 (08 Aug) to 1,193.34 (15 Aug)

COT     

Download Commodities COT

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

• Corn
• Soybean Meal
• Sugar (1)
• Cocoa
• Rough Rice (1)
• Oats
• Orange Juice

Neutral

• None

Up Trend

• Crude
• Silver
• Platinum
• Gasoline
• Cotton

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

The dollar index is consolidating

The dollar index closed lower while consolidating.
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 09 Aug 25

The US market closed higher. The Dow, S&P and Nasdaq closed with an inside day on the weekly chart.

While BDI and CDFI reversed to close higher, CCFI continued to close lower, and Harpex remained the same.

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

Watch out for

• Interest Rate Decision by Australia
• US CPI
• GDP data from multiple countries

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)

UT 

• Russell

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 46,144

Potential support around 44,014, 41,884, 39,754, 37,625

S&P
Daily UT, Weekly UT

Potential resistance around 6,516

Potential support around 6,280, 6,045, 5,809, 5,574

Nasdaq
Daily UT, Weekly UT

Potential resistance around 24,321

Potential support around 23,598, 22,876,22,154, 21,431

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

Potential support around 2,170, 2,040, 1,910, 1,779

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

11 Aug, Mon

• Japan on holiday
• No important data

12 Aug, Tue

• 1230 Australia RBA Interest Rate Decision (Aug)
• 1400 UK Unemployment Rate (Jun)
• 1400 UK Employment Change (Jul)
• 1700 Germany ZEW Economic Sentiment (Aug)
• 2030 US Core CPI (MoM) (Jul)
• 2030 US CPI (MoM) (Jul)
• 2030 Canada Building Permits (MoM) (Jun)

13 Aug, Wed

• 1400 Germany CPI (MoM) (Jul)
• 2230 US Crude Oil Inventories

14 Aug, Thu

• 0930 Australia Employment Change (Jul)
• 0930 Australia Unemployment Rate (Jul)
• 1400 UK GDP (QoQ) (Q2)  
• 1700 Europe GDP (QoQ) (Q2)
• 2030 US Core PPI (MoM) (Jul)
• 2030 US PPI (MoM) (Jul)
• 2030 US Initial Jobless Claims

15 Aug, Fri

• 0750 Japan GDP (QoQ) (Q2) 
• 1000 China Industrial Production (YoY) (Jul)
• 1000 China Unemployment Rate (Jul)
• 2030 US Core Retail Sales (MoM) (Jul)
• 2030 US Retail Sales (MoM) (Jul)
• 2200 US Michigan Consumer Sentiment (Aug) 

Commodities Update 09 Aug 25

BDI reversed to close higher from 2,018 (01 Aug) to 2,051 (08 Aug)

Harpex remained the same at 2,184 (08 Aug)

CDFI reversed to close higher from 1,125.97 (01 Aug) to 1,131.06(08 Aug)

CCFI closed lower from 1,232.29 (01 Aug) to 1,200.73 (08 Aug)

COT     

Download Commodities COT

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

• Corn
• Soybean Meal (1)
• Sugar (1)
• Cocoa
• Rough Rice (1)
• Cotton
• Oats
• Orange Juice

Neutral

• None

Up Trend

• Crude

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

• Feeder Cattle
• 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 directionless

The dollar index is directionless; closed lower with an inside day on the weekly chart.
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 02 Aug 25

The US market broke the higher-low formation on the weekly chart and closed lower. The S&P and Nasdaq closed with an outside day on the weekly charts.

While Harpex edged higher, BDI and CDFI reversed to close lower, and CCFI continued to close lower.

The dollar index tested the 98.7 resistance and failed to hold. The dollar index is consolidating.

Watch out for

• Services PMI by multiple countries
• Interest rate decision by the UK

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 44,014, 46,144

Potential support around 41,884, 39,754, 37,625

S&P
Daily UT, Weekly UT

Potential resistance around 6,280, 6,516

Potential support around 6,045, 5,809, 5,574

Nasdaq
Daily UT, Weekly UT

Potential resistance around 22,876, 23,598

Potential support around 22,154, 21,431, 20,709

Russell
Daily UT, Weekly UT
Potential resistance around 2,170, 2,300, 2,430

Potential support around 2,040, 1,910, 1,779

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

04 Aug, Mon

• The UK and Canada on holiday
• No important data

05 Aug, Tue

• 0945 China Caixin Services PMI (Jul)
• 1555 Germany HCOB Services PMI (Jul)
• 1600 Europe HCOB Services PMI (Jul)
• 1630 UK S&P Global Services PMI (Jul)
• 2145 US S&P Global Services PMI (Jul)
• 2200 US ISM Non-Manufacturing PMI (Jul)

06 Aug, Wed

• 2230 US Crude Oil Inventories

07 Aug, Thu

• 0100 US 10-Year Note Auction
• 1900 UK BoE Interest Rate Decision (Aug)
• 2030 US Initial Jobless Claims
• 2200 Canada Ivey PMI (Jul)

08 Aug, Fri

• 0100 US 30-Year Bond Auction
• 2030 Canada Employment Change (Jul)

Commodities Update 02 Aug 25

BDI reversed to close lower from 2,257 (25 Jul) to 2,018 (01 Aug)

Harpex closed higher from 2,183 (25 Jul) to 2,184 (01 Aug)

CDFI reversed to close lower from 1,143.36 (25 Jul) to 1,125.97 (01 Aug)

CCFI closed lower from 1,261.35 (25 Jul) to 1,232.29 (01 Aug)

COT     

Download Commodities COT

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

• Corn
• Soybean Meal
• Sugar (1)
• Cocoa
• Rough Rice
• Cotton

Neutral

• Orange Juice

Up Trend

• Oats
• Crude (1)

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

• Feeder Cattle
• Palladium
• Heating 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