US Markets 26 Sep 26

The US market closed higher, except for the Russell, which closed lower.
Nasdaq closed at the historic high, with the daily trend turning up.

The dollar index closed higher again and broke the 100.3 resistance level.

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

Watch out for

• Interest Rate Decision by Australia
• Manufacturing and Non-Manufacturing PMI by multiple countries
• US GDP and NFP

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

UT 

• None

Neutral 

• None

DT 

• Russell

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 52,533, 54,662, 56,792

Potential support around 50,403, 48,273, 46,144

S&P
Daily UT, Weekly UT

Potential resistance around 7,929

Potential support around 7,693, 7,458, 7,222

Nasdaq
Daily UT, Weekly UT

Potential resistance around 30,822, 31,545

Potential support around 30,100, 29,378, 28,655

Russell
Daily DT Weekly UT

Potential resistance around 2,951, 3,081, 3,212

Potential support around 2,821, 2,691, 2,561

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

28 Sep, Mon

• No important data

29 Sep, Tue

• 1230 Australia RBA Interest Rate Decision (Sep)
• 2200 US CB Consumer Confidence  (Sep)
• 2200 US JOLTS Job Openings (Aug)

30 Sep, Wed

• 0930 China Manufacturing PMI  (Sep)
• 0930 China Non-Manufacturing PMI  (Sep)
• 1400 UK GDP (QoQ) (Q2)
• 2000 Germany CPI (MoM) (Sep) ^P
• 2015 US ADP Nonfarm Employment Change (Sep)
• 2030 US Core PCE Price Index (MoM) (Aug)
• 2030 US GDP (QoQ) (Q2)
• 2145 US Chicago PMI  (Sep)
• 2230 US Crude Oil Inventories

01 Oct, Thu

• China and Hong Kong on holiday
• 1555 Germany HCOB Manufacturing PMI (Sep)
• 1600 Europe HCOB Manufacturing PMI (Sep)
• 1630 UK S&P Global Manufacturing PMI (Sep)
• 2030 US Initial Jobless Claims
• 2145 US S&P Global Manufacturing PMI (Sep)
• 2200 US ISM Manufacturing PMI (Sep)

02 Oct, Fri

• China on holiday
• 1700 Europe CPI (YoY) (Sep)
• 1700 Europe Core CPI (YoY) (Sep)
• 2030 US Nonfarm Payrolls (Sep)
• 2030 US Unemployment Rate (Sep)

^P: Preliminary Release

Commodities Update 26 Sep 26

BDI reversed to close higher, from 3,370 (18 Sep) to 3,426 (25 Sep)

Harpex unchanged at 2,450 (25 Sep)

CDFI reversed to close higher, from 1,756.6 (18 Sep) to 1,761.82 (24 Sep)

CCFI closed higher, from 1,897.15 (18 Sep) to 1,917.68 (24 Sep)

COT     

Download Commodities COT

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

• Lumber (1)
• Coffee (1)
• Cocoa

Neutral

• None

Up Trend

• Silver
• Platinum
• Gold

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

• Sugar
• Soybeans
• Soybean Meal
• Corn
• 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

Dollar Index broke the 100.3 resistance

The dollar index closed higher again and broke the 100.3 resistance level
Resistance at 102.3, 103.6
Support at 100.3, 99.8, 98.7

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 19 Sep 26

The US market closed lower, except for the Nasdaq, which closed higher.
The Dow's daily trend turned down.

The dollar index broke the consolidation resistance and rallied.

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

Watch out for

• Meeting of President Trump and President Xi
• Japan short trading week
• Preliminary Release of Manufacturing and Services PMI from multiple countries
• Switzerland SNB Interest Rate Decision

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

UT 

• None

Neutral 

• None

DT 

• Russell

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 52,533, 54,662, 56,792

Potential support around 50,403, 48,273, 46,144

S&P
Daily UT, Weekly UT

Potential resistance around 7,693, 7,929

Potential support around 7,458, 7,222, 6,987

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 30,100, 30,822, 31,545

Potential support around 29,378, 28,655, 27,933

Russell
Daily DT Weekly UT

Potential resistance around 2,951, 3,081, 3,212

Potential support around 2,821, 2,691, 2,561

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

21 Sep, Mon

• Japan on holiday
• 0915 China PBoC Loan Prime Rate 

22 Sep, Tue

• Japan on holiday
• 2015 US ADP Employment Change Weekly  

23 Sep, Wed

• Japan on holiday
• 1530 Germany HCOB Manufacturing PMI (Sep) ^P
• 1530 Germany HCOB Services PMI (Sep) ^P
• 1600 Europe HCOB Manufacturing PMI (Sep) ^P
• 1600 Europe HCOB Services PMI (Sep) ^P
• 1630 UK S&P Global Manufacturing PMI (Sep) ^P
• 1630 UK S&P Global Services PMI (Sep) ^P
• 2145 US S&P Global Manufacturing PMI (Sep) ^P
• 2145 US S&P Global Services PMI (Sep) ^P
• 2230 US Crude Oil Inventories

24 Sep, Thu

• President Trump and President Xi Summit
• 0930 Australia Unemployment Rate (Aug)
• 1530 Switzerland SNB Interest Rate Decision (Q3)
• 2030 US Initial Jobless Claims
• 2030 Canada Retail Sales (MoM) (Jul)
• 2030 Canada Core Retail Sales (MoM) (Jul)
• 2200 US New Home Sales (Aug)

25 Sep, Fri

• China on holiday
• 2030 US Durable Goods Orders (MoM) (Aug)
• 2200 US Michigan Consumer Sentiment (Sep)

^P: Preliminary Release

Commodities Update 19 Sep 26

BDI continued to close lower, from 3,507 (11 Sep) to 3,370 (18 Sep)

Harpex closed higher, from 2,447 (11 Sep) to 2,450 (18 Sep)

CDFI reversed to close lower, from 1,791.42 (11 Sep) to 1,756.6 (18 Sep)

CCFI closed higher, from 1,862.18 (11 Sep) to 1,897.15 (18 Sep)

COT     

Download Commodities COT

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

• Lumber (1)
• Coffee

Neutral

• Cocoa

Up Trend

• Silver
• Platinum
• Gold

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

• Cotton
• Sugar
• Soybeans
• Soybean Meal
• Corn

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 rallied

The dollar index broke the consolidation resistance and rallied.
Resistance at 100.3, 102.3
Support at 99.8, 98.7, 97.3

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 12 Sep 26

The US market closed lower. While the Dow's daily trend turned neutral, Russell's daily trend turned down.

The dollar index tested the 98.7 support level, rebounded and closed higher.

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

Watch out for

• CPI data from multiple countries
• The US, the UK and Japan interest rate decisions 

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

UT 

• None

Neutral 

• None

DT 

• Russell

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 54,662, 56,792

Potential support around 52,533, 50,403, 48,273

S&P
Daily UT, Weekly UT

Potential resistance around 7,693, 7,929

Potential support around 7,458, 7,222, 6,987

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 29,378, 30,100, 30,822

Potential support around 28,655, 27,933, 27,210

Russell
Daily DT Weekly UT

Potential resistance around 2,951, 3,081, 3,212

Potential support around 2,821, 2,691, 2,561

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

14 Sep, Mon

• 2030 Canada CPI (MoM) (Aug)
• 2030 Canada Core CPI (MoM) (Aug)

15 Sep, Tue

• 1000 China Industrial Production (YoY) (Aug)
• 1000 China Unemployment Rate  (Aug)
• 1400 UK Unemployment Rate  (Jul)
• 1400 UK Employment Change
• 1700 Germany ZEW Economic Sentiment (Sep)
• 1700 Europe ZEW Economic Sentiment (Sep)
• 2015 US ADP Employment Change Weekly  
• 2030 US NY Empire State Manufacturing Index (Sep)

16 Sep, Wed

• 1700 UK CPI (YoY) (Aug)
• 2030 US Core Retail Sales (MoM) (Aug)
• 2030 US Retail Sales (MoM) (Aug)
• 2230 US Crude Oil Inventories

17 Sep, Thu

• 0200 US Fed Interest Rate Decision
• 0200 US FOMC Statement
• 0230 US FOMC Press Conference
• 1700 Europe CPI (YoY) (Aug)
• 1700 Europe Core CPI (YoY) (Aug)
• 1900 UK BoE Interest Rate Decision (Sep)
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Sep)
• 2030 US Building Permits (Aug) ^P

18 Sep, Fri

• 0730 Japan National CPI (MoM) 
• 0730 Japan National Core CPI (MoM) 
• 1100 Japan BoJ Interest Rate Decision  
• 1400 UK Retail Sales (YoY) (Aug)
• 1400 UK Core Retail Sales (YoY) (Aug)
• 1430 Japan BoJ Press Conference  

^P: Preliminary Release

Commodities Update 12 Sep 26

BDI reversed to close lower, from 3,628 (04 Sep) to 3,507 (11 Sep)

Harpex closed higher, from 2,443 (04 Sep) to 2,447 (11 Sep)

CDFI closed higher, from 1,777.66 (04 Sep) to 1,791.42 (11 Sep)

CCFI closed higher, from 1,837.01 (04 Sep) to 1,862.18 (11 Sep)

COT     

Download Commodities COT

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

• Lumber (1)

Neutral

• None

Up Trend

• Silver
• Platinum
• Coffee
• Cocoa

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

• Cotton
• Wheat
• Sugar
• Soybeans
• Soybean Meal
• Corn
• 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

Dollar Index closed higher

The dollar index tested the 98.7 support level, rebounded and closed higher.
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 05 Sep 26

The US market closed higher, except for the Dow, which closed lower. Russell's daily trend turned neutral.

The dollar index tested the 99.8 resistance level, reversed and closed lower.

BDI, Harpex, CCFI, and CDFI closed higher.

Watch out for

• Europe Interest Rate Decision
• China and US CPI

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

UT 

• None

Neutral 

• Russell

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 54,662, 56,792

Potential support around 52,533, 50,403, 48,273

S&P
Daily UT, Weekly UT

Potential resistance around 7,929

Potential support around 7,693, 7,458, 7,222

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 30,100, 30,822, 31,545

Potential support around 29,378, 28,655, 27,933

Russell
Daily Neutral Weekly UT

Potential resistance around 3,081, 3,212

Potential support around 2,951,  2,821, 2,691

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

07 Sep, Mon

• Canada and US on holiday
• 1700 Europe GDP (QoQ) (Q2)

08 Sep, Tue

• 0750 Japan GDP (QoQ) (Q2)
• 2015 US ADP Employment Change Weekly

09 Sep, Wed

• 0930 China CPI (YoY) (Aug)
• 0930 China PPI (YoY) (Aug)

10 Sep, Thu

• 0100 US 10-Year Note Auction  
• 1400 Germany CPI (MoM) (Aug)
• 2015 Europe Deposit Facility Rate (Sep)
• 2015 Europe ECB Interest Rate Decision (Sep)
• 2030 US PPI (MoM) (Aug)
• 2030 US Initial Jobless Claims
• 2045 Europe ECB Press Conference  
• 2200 US Existing Home Sales (Aug)

11 Sep, Fri

• 0000 US Crude Oil Inventories
• 0101 US 30-Year Bond Auction 
• 1400 UK GDP (MoM) (Jul)
• 2030 US CPI (MoM) (Aug)
• 2030 US Core CPI (MoM) (Aug)
• 2200 US Michigan Consumer Sentiment (Sep) ^P

^P: Preliminary Release 

Commodities Update 05 Sep 26

BDI continued to close higher, from 3,186 (28 Aug) to 3,628 (04 Sep)

Harpex closed higher, from 2,413 (28 Aug) to 2,443 (04 Sep)

CDFI closed higher, from 1,643.41 (28 Aug) to 1,777.66 (04 Sep)

CCFI continued to close higher, from 1,833.99 (28 Aug) to 1,837.01 (04 Sep)

COT     

Download Commodities COT

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

• Lumber (1)

Neutral

• None

Up Trend

• Silver
• Platinum
• Coffee

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

• Cotton
• Wheat
• Sugar
• Soybeans
• Soybean Meal
• Corn

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 tested the 99.8 resistance level, reversed and closed lower.
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 29 Aug 26

The US market closed higher, except for the Russell, which closed lower. Nasdaq daily trend turned neutral.

The dollar index tested the 98.7 support level, rebounded, broke the previous week's high and closed higher.

BDI, Harpex, CCFI, and CDFI closed higher.

Watch out for

• Interest rate decision by New Zealand and Canada
• China and US PMI
• US NFP

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 54,662, 56,792

Potential support around 52,533, 50,403, 48,273

S&P
Daily UT, Weekly UT

Potential resistance around 7,929

Potential support around 7,693, 7,458, 7,222

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 30,100, 30,822, 31,545

Potential support around 29,378, 28,655, 27,933

Russell
Daily UT, Weekly UT

Potential resistance around 3,081, 3,212

Potential support around 2,951,  2,821, 2,691

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

31 Aug, Mon

• UK on holiday
• 0930 China Manufacturing PMI (Aug)
• 2000 German CPI (MoM) (Aug) ^P
• 2145 US Chicago PMI  (Aug)

01 Sep, Tue

• 1700 Europe CPI (YoY) (Aug) ^P
• 2145 US S&P Global Manufacturing PMI  (Aug)
• 2200 US ISM Manufacturing PMI  (Aug)
• 2200 US JOLTS Job Openings  (Jul)

02 Sep, Wed

• 0930 Australia GDP (QoQ) (Q2)
• 1000 New Zealand RBNZ Interest Rate Decision
• 2015 US ADP Nonfarm Employment Change (Aug)
• 2145 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories

03 Sep, Thu

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

04 Sep, Fri

• 2030 US Average Hourly Earnings (MoM) (Aug)
• 2030 US Nonfarm Payrolls (Aug)
• 2030 US Unemployment Rate (Aug)
• 2030 Canada Unemployment Rate (Aug)
• 2200 Canada Ivey PMI (Aug)

^P: Preliminary Release

Commodities Update 28 Aug 26

BDI reversed to close higher from 2,841 (21 Aug) to 3,186 (28 Aug)

Harpex closed higher from 2,380 (21 Aug) to 2,413 (28 Aug)

CDFI continued to close higher from 1,555.47 (21 Aug) to 1,643.41 (28 Aug)

CCFI reversed to close higher from 1,821.65 (21 Aug) to 1,833.99 (28 Aug)

COT     

Download Commodities COT

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

• Lumber (1)

Neutral

• Silver

Up Trend

• Cocoa
• Platinum

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

• Cotton
• Wheat
• Sugar
• Soybeans
• Corn
• Oats

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