US Markets 31 Oct 26

The US market closed lower, except for Russell, which closed higher.

The dollar index closed higher but still below the 200-period MA on the weekly chart.

BDI, Harpex, CDFI, and CCFI closed higher.

Watch out for

• End of daylight saving; US stock market starts trading at 10:30 PM (SGT).
• Australia and UK Interest rate decisions
• US NFP

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 

• Dow

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 Neutral, 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 28,655, 29,378, 30,100

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

Russell
Daily DT Weekly UT

Potential resistance around 2,821, 2,951, 3,081

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

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

02 Nov, Mon

• 2245 US S&P Global Manufacturing PMI (Oct)
• 2300 US ISM Manufacturing PMI  (Oct)

03 Nov, Tue

• Japan on holiday
• 1130 Australia RBA Interest Rate Decision (Nov)
• 2300 US JOLTS Job Openings (Sep)

04 Nov, Wed

• 1655 Germany HCOB Services PMI (Oct)
• 1700 Europe HCOB Services PMI (Oct)
• 1730 UK S&P Global Services PMI  (Oct)
• 1800 Europe CPI (YoY) (Oct) ^P
• 2145 US ADP Nonfarm Employment Change (Oct)
• 2245 US S&P Global Services PMI (Oct)
• 2300 US ISM Non-Manufacturing PMI  (Oct)
• 2330 US Crude Oil Inventories

05 Nov, Thu

• 2000 UK BoE Interest Rate Decision (Nov)
• 2130 US Initial Jobless Claims

06 Nov, Fri

• 2130 US Nonfarm Payrolls (Oct)
• 2130 US Unemployment Rate (Oct)
• 2300 US Michigan Consumer Sentiment (Nov)
• 2300 Canada Ivey PMI (Oct)

^P: Preliminary Release

Commodities Update 31 Oct 26

BDI continued to close higher, from 2,660 (23 Oct) to 2,714 (30 Oct)

Harpex closed higher, from 2,525 (23 Oct) to 2,585 (30 Oct)

CDFI continued to close higher, from 1,603.76 (23 Oct) to 1,626.53 (30 Oct)

CCFI reversed to close higher, from 1,876.27 (23 Oct) to 1,881.82 (30 Oct)

COT     

Download Commodities COT

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

• Lumber (1)
• Silver (1)
• Platinum (1)
• Palladium
• Gold (1)
• Coffee

Neutral

• None

Up Trend

• Crude

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

• Sugar

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 closed higher but still below the 200-period MA on the weekly chart.
Resistance at 102.3, 103.6
Support at 100.3, 99.8, 98.7

COT for Dollar Index

Weekly chart with 50 SMA