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

US Markets 07 Mar 26

The US market broke the previous week's low and closed lower. The daily trend of Dow and S&P turned neutral.

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

The dollar index broke out of its consolidation and rallied.

Watch out for

• US trading time will be one hour earlier (Singapore Time Zone).
• CPI data from multiple countries.

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 Neutral, Weekly UT

Potential resistance around 48,273, 50,403

Potential support around 46,144, 44,014, 41,884

S&P
Daily Neutral, 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 25,043, 25,766, 26,488

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

Russell
Daily UT, 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)

09 Mar, Mon

• 0930 China CPI (MoM) (Feb)
• 0930 China CPI (YoY) (Feb)

10 Mar, Tue

• 0750 Japan GDP (QoQ) (Q4)
• 2200 US Existing Home Sales (Feb)

11 Mar, Wed

• 1500 Germany CPI (MoM) (Feb)
• 2030 US CPI (MoM) (Feb)
• 2030 US Core CPI (MoM) (Feb)
• 2230 US Crude Oil Inventories

12 Mar, Thu

• 0100 US 10-Year Note Auction
• 2030 US Initial Jobless Claims
• 2030 US Housing Starts (Jan)

13 Mar, Fri

• 0101 US 30-Year Bond Auction
• 1500 UK GDP (MoM) (Jan)
• 2200 US JOLTS Job Openings (Jan)
• 2200 US Michigan Consumer Sentiment (Mar)

Commodities Update 07 Mar 26

BDI reversed to close lower from 2,140 (27 Feb) to 2,010 (06 Mar)

Harpex remained the same at 2,213 (06 Mar)

CDFI closed higher from 1,123.8 (27 Feb) to 1,220.06 (06 Mar)

CCFI reversed to close higher from 1,044.57 (27 Feb) to 1,054.26 (06 Mar)

COT     

Download Commodities COT

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

• Coffee
• Cocoa
• Natural Gas
• 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

• Gasoline
• Copper
• Wheat

Neutral

• Palladium

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 Rallied

The dollar index broke out of its consolidation and rallied.
Resistance at 99.8, 100.3
Support at 98.7, 97.3, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 28 Feb 26

The US market closed lower while consolidating.

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

The dollar index broke its previous week's high and reversed, closing lower. The dollar index is consolidating.

Watch out for

• Manufacturing and services PMI data from multiple countries
• US Nonfarm Payrolls
• The daylight saving time starts on 08 Mar 2026

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 Neutral, Weekly UT

Potential resistance around 6,987, 7,222

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

Nasdaq
Daily DT, 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)

02 Mar, Mon

• 1500 UK Nationwide HPI (MoM) (Feb)
• 1655 Germany HCOB Manufacturing PMI (Feb)
• 1700 Europe HCOB Manufacturing PMI (Feb)
• 1730 UK S&P Global Manufacturing PMI (Feb)
• 2245 US S&P Global Manufacturing PMI (Feb)
• 2300 US ISM Manufacturing PMI (Feb)

03 Mar, Tue

• 1800 UK Spring Forecast Statement

04 Mar, Wed

• 0830 Australia GDP (YoY) (Q4)
• 0830 Japan S&P Global Services PMI (Feb)
• 0930 China Manufacturing PMI (Feb)
• 1655 Germany HCOB Services PMI (Feb)
• 1700 Europe HCOB Services PMI (Feb)
• 1730 UK S&P Global Services PMI (Feb)
• 2115 US ADP Nonfarm Employment Change (Feb)
• 2245 US S&P Global Services PMI (Feb)
• 2300 US ISM Non-Manufacturing PMI (Feb)
• 2330 US Crude Oil Inventories

05 Mar, Thu

• 2130 US Initial Jobless Claims

06 Mar, Fri

• 1800 Europe GDP (QoQ) (Q4)
• 2130 US 2030 US Retail Sales (MoM) (Jan)
• 2130 US 2030 US Core Retail Sales (MoM) (Jan)
• 2130 US Nonfarm Payrolls (Feb)
• 2130 US Unemployment Rate (Feb)
• 2300 Canada Ivey PMI (Feb)

Commodities Update 28 Feb 26

BDI reversed to close higher from 2,043 (20 Feb) to 2,140 (27 Feb)

Harpex closed higher from 2,206 (20 Feb) to 2,213 (27 Feb)

CDFI closed higher from 1,073.46 (13 Feb) to 1,123.8 (27 Feb)

CCFI closed lower from 1,088.14 (13 Feb) to 1,044.57 (27 Feb)

COT     

Download Commodities COT

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

• Coffee
• Cocoa
• Natural Gas
• Sugar

Neutral

• None

Up Trend

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

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

• Gasoline
• Copper
• Palladium
• 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 closed lower

The dollar index broke its previous week's high and reversed, closing lower. The dollar index is 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 21 Feb 26

The US market closed higher while consolidating.

While BDI closed lower, Harpex closed higher, and CDFI and CCFI remained unchanged due to China's long holiday.

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

Watch out for

• Speech by US President Trump
• The daylight saving time starts on 08 Mar 2026

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 Neutral, Weekly UT

Potential resistance around 6,987, 7,222

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

Nasdaq
Daily DT, 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)

23 Feb, Mon

• China and Japan are on holiday
• 1700 Germany Ifo Business Climate Index (Feb)

24 Feb, Tue

• 2300 US CB Consumer Confidence (Feb)

25 Feb, Wed

• 0830 Australia CPI (QoQ) (Jan)
• 0830 Australia CPI (YoY) (Jan)
• 1000 US President Trump Speaks
• 1800 Europe CPI (YoY) (Jan)
• 2330 US Crude Oil Inventories

26 Feb, Thu

• 2130 US Initial Jobless Claims

27 Feb, Fri

• 2100 Germany CPI (MoM) (Feb)
• 2130 US PPI (MoM) (Jan)
• 2130 Canada GDP (QoQ) (Q4)
• 2245 US Chicago PMI (Feb)

Commodities Update 21 Feb 26

BDI reversed to close lower from 2,083 (13 Feb) to 2,043 (20 Feb)

Harpex closed higher from 2,191 (13 Feb) to 2,206 (20 Feb)

CDFI has not changed due to the long holiday at 1,073.46 (13 Feb)

CCFI has not changed due to the long holiday at 1,088.14 (13 Feb)

COT     

Download Commodities COT

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

• Coffee
• Cocoa
• Cotton
• Sugar (1)

Neutral

• None

Up Trend

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

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

• Gasoline
• Copper

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