US Markets 25 Apr 26

The US market closed at historic highs, except for the Dow, which closed lower. The trend turned up for S&P, Nasdaq, and Russell.

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

The dollar index closed higher with an inside day.

Watch out for

• Interest rate decisions by Japan, Canada, the US, the UK and Europe
• China and US Manufacturing PMI

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

UT 

• Nasdaq
• 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 DT, Weekly UT

Potential resistance around 50,403, 52,533

Potential support around 48,273, 46,144, 44,014

S&P
Daily UT, Weekly UT

Potential resistance around 7,222, 7,458

Potential support around 6,987, 6,751, 6,516

Nasdaq
Daily UT, Weekly UT

Potential resistance around 27,933

Potential support around 27,210, 26,488, 25,766

Russell
Daily UT, Weekly UT

Potential resistance around  2,821, 2,951

Potential support around 2,691, 2,561, 2,430

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

27 Apr, Mon

• No important data

28 Apr, Tue

• 1100 Japan BoJ Interest Rate Decision  
• 1430 Japan BoJ Press Conference
• 2200 US CB Consumer Confidence  (Apr)

29 Apr, Wed

• Japan on holiday
• 0930 Australia CPI (YoY) (Q1)
• 2030 US Durable Goods Orders (MoM) (Mar)
• 2145 Canada BoC Interest Rate Decision 
• 2230 US Crude Oil Inventories

30 Apr, Thu

• 0200 US Fed Interest Rate Decision  
• 0230 US FOMC Press Conference  
• 0930 China Manufacturing PMI  (Apr)
• 0930 China Non-Manufacturing PMI  (Apr)
• 1900 UK BoE Interest Rate Decision  (Apr)
• 2015 Europe ECB Interest Rate Decision  (Apr)
• 2015 Europe Deposit Facility Rate  (Apr)
• 2030 US Core PCE Price Index
• 2030 US Initial Jobless Claims
• 2045 Europe ECB Press Conference  

01 May, Fri

• China, Hong Kong, Germany and Switzerland on holiday
• 2145 US S&P Global Manufacturing PMI (Apr)
• 2200 US ISM Manufacturing PMI (Apr)

Commodities Update 25 Apr 26

BDI closed higher from 2,567 (17 Apr) to 2,665 (24 Apr)

Harpex remained unchanged at 2,257 (24 Apr)

CDFI reversed to close lower from 1,501.4 (17 Apr) to 1,498.62 (24 Apr)

CCFI closed higher from 1,211.08 (17 Apr) to 1,233.76 (24 Apr)

COT     

Download Commodities COT

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

• Cocoa
• Coffee
• Natural Gas (1)

Neutral

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

Up Trend

• Crude (1)
• Heating Oil

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

• Wheat
• Soybean Meal
• Soybean Oil
• Copper
• Cotton

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 closed higher with an inside day.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 18 Apr 26

The US market closed at historic highs, except for the Dow. The trend turned neutral for S&P, Nasdaq, and Russell.

BDI, Harpex, CDFI, and CCFI closed higher.

The dollar index broke the consolidated support and closed lower.

Watch out for

• CPI and Retail Sales data from multiple countries

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

UT 

• None

Neutral 

• Nasdaq

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 50,403, 52,533

Potential support around 48,273, 46,144, 44,014

S&P
Daily Neutral, Weekly UT

Potential resistance around 7,222, 7,458

Potential support around 6,987, 6,751, 6,516

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 27,210

Potential support around 26,488, 25,766, 25,043

Russell
Daily Neutral, Weekly UT

Potential resistance around  2,821, 2,951

Potential support around 2,691, 2,561, 2,430

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

20 Apr, Mon

• 0915 China PBoC Loan Prime Rate  
• 2030 Canada Core CPI (MoM) (Mar)
• 2030 Canada CPI (MoM) (Mar)

21 Apr, Tue

• 1400 UK Unemployment Rate  (Feb)
• 1400 UK Employment Change 3M/3M (MoM) (Feb)
• 1700 Germany ZEW Economic Sentiment  (Apr)
• 2015 US ADP Employment Change Weekly  
• 2030 US Retail Sales (MoM) (Mar)
• 2030 US Core Retail Sales (MoM) (Mar)

22 Apr, Wed

• 1400 UK CPI (YoY) (Mar)
• 2230 US Crude Oil Inventories

23 Apr, Thu

• 0930 Australia Unemployment Rate (Mar)
• 2030 US Initial Jobless Claims

24 Apr, Fri

• 0730 Japan National Core CPI (YoY) (Mar)
• 0730 Japan National CPI (YoY) (Mar)
• 1400 UK Core Retail Sales (MoM) (Mar)
• 1400 UK Retail Sales (MoM) (Mar)
• 1600 Germany German Ifo Business Climate Index (Apr)
• 2030 Canada Core Retail Sales (MoM) (Feb)
• 2030 Canada Retail Sales (MoM) (Feb)
• 2200 US Michigan Consumer Sentiment  (Apr)

Commodities Update 18 Apr 26

BDI closed higher from 2,201 (10 Apr) to 2,567 (17 Apr)

Harpex closed higher from 2,239 (10 Apr) to 2,257 (17 Apr)

CDFI closed higher from 1,417.63 (10 Apr) to 1,501.4 (17 Apr)

CCFI closed higher from 1,209.84 (10 Apr) to 1,211.08 (17 Apr)

COT     

Download Commodities COT

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

• Cocoa
• Lumber (1)
• Natural Gas

Neutral

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

Up Trend

• Crude (1)
• Heating Oil

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

• Soybean Meal
• Soybean Oil

Neutral

• Copper

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 consolidated support

The dollar index broke the consolidated support and closed lower.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 11 Apr 26

The US market broke the previous week's high and closed higher.

BDI, Harpex, CDFI, and CCFI closed higher.

The dollar index broke the consolidated support level and closed lower.

Watch out for

• China 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 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  6,987, 7,222

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

Nasdaq
Daily DT, Weekly UT

Potential resistance around 25,766, 26,488

Potential support around 25,043, 24,321, 23,598

Russell
Daily DT, 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)

13 Apr, Mon

• 2200 US Existing Home Sales (Mar)

14 Apr, Tue

• 2030 US PPI (MoM) (Mar)

15 Apr, Wed

• 2030 US NY Empire State Manufacturing Index (Apr)
• 2230 US Crude Oil Inventories

16 Apr, Thu

• 0930 Australia Unemployment Rate (Mar)
• 1000 China Industrial Production (YoY) (Mar)
• 1000 China GDP (YoY) (Q1)
• 1400 UK GDP (MoM) (Feb)
• 1700 Europe CPI (YoY) (Mar)
• 2030 US Philadelphia Fed Manufacturing Index (Apr)
• 2030 US Initial Jobless Claims

17 Apr, Fri

• No important data

Commodities Update 11 Apr 26

BDI continued to close higher from 2,066 (02 Apr) to 2,201 (10 Apr)

Harpex closed higher from 2,213 (03 Apr) to 2,239 (10 Apr)

CDFI continued to close higher from 1,404.81 (03 Apr) to 1,417.63 (10 Apr)

CCFI closed higher from 1,184.7 (03 Apr) to 1,209.84 (10 Apr)

COT     

Download Commodities COT

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

• Coffee
• Cocoa
• Platinum (1)
• Natural Gas
• Gold (1)
• Silver (1)

Neutral

• Lumber (1)

Up Trend

• Crude
• Rough Rice
• Heating Oil

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 broke the consolidated support level

The dollar index broke the consolidated support level and closed lower.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 04 Apr 26

The US market broke the previous week's low and recovered to close higher.

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

The dollar index consolidated and closed lower.

Watch out for

• Short trading week for Hong Kong
• China and US CPI data
• US GDP
• FOMC Meeting Minutes
• Services PMI 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 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 DT, 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)

06 Apr, Mon

• Australia, China, Germany, Hong Kong, Switzerland and the UK are on holiday
• 2200 US ISM Non-Manufacturing PMI (Mar)

07 Apr, Tue

• Hong Kong is on holiday
• 1555 Germany HCOB Services PMI (Mar)
• 1600 Europe HCOB Services PMI (Mar)
• 1630 UK S&P Global Services PMI (Mar)
• 2030 US Durable Goods Orders (MoM) (Feb)
• 2030 US Core Durable Goods Orders (MoM) (Feb)
• 2200 Canada Ivey PMI (Mar)

08 Apr, Wed

• 1000 New Zealand RBNZ Interest Rate Decision
• 2230 US Crude Oil Inventories

09 Apr, Thu

• 0100 US 10-Year Note Auction
• 0200 US FOMC Meeting Minutes
• 2030 US Core PCE Price Index (MoM) (Feb)
• 2030 US GDP (QoQ) (Q4)
• 2030 US Initial Jobless Claims

10 Apr, Fri

• 0100 US 30-Year Bond Auction
• 0930 China CPI (YoY) (Mar)
• 1400 Germany CPI (MoM) (Mar)
• 2030 US CPI (MoM) (Mar)
• 2030 US Core CPI (MoM) (Mar)
• 2030 Canada Unemployment Rate (Mar)
• 2030 Canada Employment Change (Mar)

Commodities Update 04 Apr 26

BDI reversed to close higher from 2,031 (27 Mar) to 2,066 (02 Apr)

Harpex remained the same at 2,213 (03 Apr)

CDFI reversed to close higher from 1,386.63 (27 Mar) to 1,404.81 (03 Apr)

CCFI closed higher from 1,139.04 (27 Mar) to 1,184.7 (03 Apr)

COT     

Download Commodities COT

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

• Cocoa
• Platinum (1)
• Natural Gas (1)
• Gold (1)
• Silver (1)

Neutral

• Lumber

Up Trend

• Crude
• Rough Rice
• Heating Oil

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 lower

The dollar index consolidated and closed lower.
Resistance at 100.3, 102.3, 103.6
Support at 99.8, 98.7, 97.3

COT for Dollar Index

Weekly chart with 50 SMA