US Markets 24 Jan 26

The US market closed lower. The S&P and Nasdaq are consolidating.

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

The dollar index broke its previous week's high, reversed, and slumped, forming an outside day on the weekly chart.

Watch out for

• Interest rate decision by Canada and the US
• China NBS Manufacturing and Non-Manufacturing PMI

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 25,766, 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)

26 Jan, Mon

• Australia on holiday
• 2130 US Core Durable Goods Orders (MoM) (Nov)
• 2130 US Durable Goods Orders (MoM) (Nov) 

27 Jan, Tue

• No important event

28 Jan, Wed

• 0750 Japan Monetary Policy Meeting Minutes
• 0830 Australia CPI (YoY) (Q4)
• 2245 Canada BoC Interest Rate Decision 
• 2330 Canada BOC Press Conference  
• 2330 US Crude Oil Inventories

29 Jan, Thu

• 0300 US Fed Interest Rate Decision  
• 0330 US FOMC Press Conference
• 2130 US Initial Jobless Claims

30 Jan, Fri

• 0730 Japan Tokyo Core CPI (YoY) (Jan)
• 0730 Japan Industrial Production (MoM) (Dec)
• 1700 Germany GDP (QoQ) (Q4)
• 1800 Europe GDP (QoQ) (Q4)
• 2100 Europe German CPI (MoM) (Jan)
• 2130 US PPI (MoM) (Dec)
• 2130 US Core PPI (MoM) (Dec)
• 2130 Canada GDP (MoM) (Nov)
• 2245 US Chicago PMI  (Jan)

31 Jan,  Sat

• 0930 China NBS Manufacturing PMI (Jan)
• 0930 China NBS Non-Manufacturing PMI (Jan)

Commodities Update 24 Jan 26

BDI reversed to close higher from 1,567 (16 Jan) to 1,762 (23 Jan)

Harpex closed higher from 2,182 (16 Jan) to 2,184 (23 Jan)

CDFI reversed to close higher from 922.65 (16 Jan) to 977.48 (23 Jan)

CCFI reversed to close lower from 1,209.85 (16 Jan) to 1,208.75 (23 Jan)

COT     

Download Commodities COT

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

• Cocoa
• Cotton

Neutral

• Soybean Meal
• Rough Rice
• Crude

Up Trend

• Soybean Oil
• Sugar
• Orange Juice
• Platinum (1)
• Silver (1)
• Lumber

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

• Palladium
• 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 Slumped

The dollar index broke its previous week's high, reversed, and slumped, forming an outside day on the weekly chart. 
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

US Markets 17 Jan 26

The US market closed lower, except the Russell continued at a historic high.

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

The dollar index continued to close higher.

Watch out for

• China GDP
• CPI, Manufacturing and Services PMI data from multiple countries
• Speech by U.S. President Trump

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 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)

19 Jan, Mon

• US on holiday
• 1000 China GDP (YoY) (Q4)
• 1000 China Industrial Production (YoY) (Dec)
• 1000 China NBS Press Conference 
• 1800 Europe CPI (YoY) (Dec) 
• 2130 Canada CPI (YoY) (Dec) 

20 Jan, Tue

• 0915 China PBoC Loan Prime Rate 
• 1500 Germany PPI (MoM) (Dec)
• 1500 UK Unemployment Rate  (Nov)
• 1500 UK Claimant Count Change  (Dec)
• 1800 Germany ZEW Economic Sentiment (Jan)
• 1800 Europe ZEW Economic Sentiment (Jan)

21 Jan, Wed

• 1500 UK CPI (YoY) (Dec)
• 2130 US U.S. President Trump Speaks

22 Jan, Thu

• 0830 Australia Unemployment Rate  (Dec)
• 2130 US GDP (QoQ) (Q3)
• 2130 US Initial Jobless Claims
• 2300 US Core PCE Price Index (YoY) (Nov)

23 Jan, Fri

• 0100 US Crude Oil Inventories
• 0730 Japan National Core CPI (YoY) (Dec)
• 1100 Japan BoJ Interest Rate Decision  
• 1500 UK Retail Sales (YoY) (Dec)
• 1500 UK Core Retail Sales (YoY) (Dec)
• 1630 Germany HCOB Manufacturing PMI (Jan)
• 1630 Germany HCOB Services PMI (Jan)
• 1700 Europe HCOB Manufacturing PMI (Jan)
• 1700 Europe HCOB Services PMI (Jan)
• 1730 UK S&P Global Manufacturing PMI (Jan)
• 1730 UK S&P Global Services PMI (Jan)
• 2130 Canada Core Retail Sales (MoM) (Nov)
• 2130 Canada Retail Sales (MoM) (Nov)
• 2245 US S&P Global Manufacturing PMI  (Jan)
• 2245 US S&P Global Services PMI  (Jan)
• 2300 US Michigan Consumer Sentiment (Jan)

Commodities Update 17 Jan 26

BDI closed lower from 1,688 (09 Jan) to 1,567 (16 Jan)

Harpex remained the same at 2,182 (16 Jan)

CDFI closed lower from 964.34 (09 Jan) to 922.65 (16 Jan)

CCFI closed higher from 1,194.89 (09 Jan) to 1,209.85 (16 Jan)

COT     

Download Commodities COT

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

• Soybean Oil
• Cocoa
• Rough Rice
• Crude
• Cotton

Neutral

• Lumber (1)

Up Trend

• Sugar
• Orange Juice
• Platinum
• Silver

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 continued to close higher

The dollar index continued to close 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 10 Jan 26

The US market closed higher. While the Dow, S&P, and Russell are at historic highs, the Nasdaq is consolidating.

The dollar index broke through the previous week's high and the 98.7 resistance level, closing higher.

Watch out for

• US CPI and Retail Sales data

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 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

Potential support around 2,561, 2,430, 2,300

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

12 Jan, Mon

• No important data

13 Jan, Tue

• 0200 US 10-Year Note Auction
• 2130 US Core CPI (MoM) (Dec)
• 2130 US CPI (MoM) (Dec)
• 2130 Canada Building Permits (MoM) (Nov)
• 2300 US New Home Sales (Oct)

14 Jan, Wed

• 0200 US 30-Year Bond Auction
• 2130 US Core PPI (MoM) (Nov)
• 2130 US PPI (MoM) (Nov)
• 2130 US Core Retail Sales (MoM) (Nov)
• 2130 US Retail Sales (MoM) (Nov)
• 2300 US Existing Home Sales (Dec)
• 2330 US Crude Oil Inventories

15 Jan, Thu

• 1500 UK GDP (MoM) (Nov)
• 2130 US Initial Jobless Claims
• 2130 US NY Empire State Manufacturing Index (Jan)
• 2130 US Philadelphia Fed Manufacturing Index (Jan)
• 2145 US S&P Global Manufacturing PMI (Jan)   

16 Jan, Fri

• 1500 Germany CPI (MoM) (Dec)

Commodities Update 10 Jan 26

BDI closed at 1,688 (09 Jan)

Harpex closed at 2,182 (09 Jan)

CDFI closed at 964.34 (09 Jan)

CCFI closed at 1,194.89 (09 Jan)

COT     

Download Commodities COT

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

• Soybean Oil
• Cocoa
• Rough Rice (1)
• Crude
• Lumber (1)

Neutral

• Sugar
• Cotton

Up Trend

• Soybean Meal
• Orange Juice
• Platinum (1)
• Silver

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 closed higher

The dollar index broke through the previous week's high and the 98.7 resistance level, closing higher.
Resistance at 99.8, 100.3
Support at 98.7, 97.3, 96.3

COT for Dollar Index

Weekly chart with 50 SMA