US Markets 01 Aug 26

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

The dollar index broke the previous week's high, then reversed to break consolidation support and the 100.3 level.

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

Watch out for

• Manufacturing and Services PMI from multiple countries.
• US NFP

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 

• Dow

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 52,533, 54,662

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

S&P
Daily Neutral, Weekly UT

Potential resistance around 7,693

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

Nasdaq
Daily DT, Weekly UT

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

Potential support around 27,933, 27,210, 26,488

Russell
Daily UT, Weekly UT

Potential resistance around 2,951,  3,081

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

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

03 Aug, Mon

• Canada on holiday
• 1555 Germany HCOB Manufacturing PMI (Jul)
• 1600 Europe HCOB Manufacturing PMI (Jul)
• 1630 UK S&P Global Manufacturing PMI (Jul)
• 2145 US S&P Global Manufacturing PMI (Jul)
• 2200 US ISM Manufacturing PMI (Jul)

04 Aug, Tue

• 2200 US JOLTS Job Openings (Jun)

05 Aug, Wed

• 0750 Japan Monetary Policy Meeting Minutes  
• 0830 Japan S&P Global Services PMI (Jul)
• 1555 Germany HCOB Services PMI (Jul)
• 1600 Europe HCOB Services PMI (Jul)
• 1630 UK S&P Global Services PMI (Jul)
• 2015 US ADP Nonfarm Employment Change (Jul)
• 2145 US S&P Global Services PMI (Jul)
• 2200 US ISM Non-Manufacturing PMI (Jul)
• 2230 US Crude Oil Inventories

06 Aug, Thu

• 2030 US Initial Jobless Claims

07 Aug, Fri

• 2030 US Unemployment Rate (Jul)
• 2030 US Nonfarm Payrolls (Jul)

Commodities Update 01 Aug 26

BDI closed lower from 2,743 (24 Jul) to 2,732 (31 Jul)

Harpex closed higher from 2,340 (24 Jul) to 2,343 (31 Jul)

CDFI reversed to close lower from 1,473.77 (24 Jul) to 1,467.35 (31 Jul)

CCFI continued to close lower from 1.901.27 (24 Jul) to 1,857.04 (31 Jul)

COT     

Download Commodities COT

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

• Gold
• Silver (1)
• Platinum (1)
• Crude

Neutral

• None

Up Trend

• Cocoa

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

• None

Neutral

• Soybeans

Down Trend

• Cotton

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 support levels

The dollar index broke the previous week's high, then reversed to break consolidation support and the 100.3 level.
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