US Markets 07 Jun 25

The US market broke the consolidation resistance and closed higher.

BDI, Harpex, CDFI, and CCFI closed higher.

The dollar index closed lower while consolidating.

Watch out for

• China and US CPI 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 

• 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 44,014, 46,144

Potential support around 41,884, 39,754, 37,625, 35,495

S&P
Daily UT, Weekly UT

Potential resistance around 6,045, 6,280

Potential support around 5,809, 5,574, 5,338, 5,103

Nasdaq
Daily UT, Weekly UT

Potential resistance around 22,154, 22,876

Potential support around 21,431, 20,709, 19,986, 19,264

Russell
Daily UT, Weekly Neutral
Potential resistance around 2,170, 2,300, 2,430

Potential support around 2,040, 1,910, 1,779, 1,649

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

09 Jun, Mon

• Australia and Switzerland are on holiday
• 0750 Japan GDP (QoQ) (Q1)
• 0930 China CPI (YoY) (May)
• 1100 China Exports (YoY) (May)
• 1100 China Imports (YoY) (May)

10 Jun, Tue

• 1400 UK Unemployment Rate (Apr)
• 1400 UK Employment Change 3M/3M (MoM) (Apr)

11 Jun, Wed

• 2030 US Core CPI (MoM) (May)
• 2030 US CPI (MoM) (May)
• 2230 US Crude Oil Inventories

12 Jun, Thu

• 0100 US 10-Year Note Auction
• 1400 UK GDP (MoM) (Apr)
• 1400 UK Industrial Production (MoM) (Apr)
• 1400 UK Manufacturing Production (MoM) (Apr)
• 1400 UK Monthly GDP 3M/3M Change (Apr)
• 2030 US Initial Jobless Claims
• 2030 US PPI (MoM) (May)

13 Jun, Fri

• 0100 US 30-Year Bond Auction
• 1700 Europe Industrial Production (MoM) (Apr)
• 2200 US Michigan Consumer Sentiment (Jun)  

Commodities Update 07 Jun 25

BDI continued to close higher from 1,418 (30 May) to 1,633 (06 Jun)

Harpex closed higher from 2,115 (30 May) to 2,125 (06 Jun)

CDFI closed higher from 966.59 (30 May) to 1,052.37 (06 Jun) 

CCFI closed higher from 1,117.61 (30 May) to 1,154.98 (06 Jun)

COT     

Download Commodities COT

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

• Wheat
• Corn
• Soybean Meal
• Coffee
• Sugar
• Gasoline
• Crude
• Lumber

Neutral

• Rough Rice
• Cotton

Up Trend

• Orange Juice
• Cocoa
  

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

• Feeder Cattle

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 closed lower while consolidating.
Resistance at 99.8, 100.3, 102.3, TLU1, 103.6
Support at 98.7, 97.3, 96.3

COT for Dollar Index

Weekly chart with 50 SMA

US Markets 31 May 25

The US market closed higher while consolidating. The Dow turned an uptrend this week.

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

The dollar index broke the previous week's low and recovered to close higher, but it failed to overcome the two resistance levels (100.3 and 99.8).

Watch out for

• Speech by US Fed Chair Powell
• Manufacturing PMI  from multiple countries
• Interest rate decision by Canada
• 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 

• 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 44,014, 46,144

Potential support around 41,884, 39,754, 37,625, 35,495

S&P
Daily UT, Weekly UT

Potential resistance around 6,045, 6,280

Potential support around 5,809, 5,574, 5,338, 5,103

Nasdaq
Daily UT, Weekly UT

Potential resistance around 21,431, 22,154, 22,876

Potential support around 20,709, 19,986, 19,264, 18,542

Russell
Daily UT, Weekly Neutral
Potential resistance around 2,040, 2,170, 2,300, 2,430

Potential support around 1,910, 1,779, 1,649, 1,519

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

02 Jun, Mon

• New Zealand and China are on holiday
• 1400 UK Nationwide HPI (MoM) (May)
• 1400 UK Nationwide HPI (YoY) (May)
• 1555 Germany HCOB Manufacturing PMI (May)
• 1600 Europe HCOB Manufacturing PMI (May)
• 1630 UK S&P Global Manufacturing PMI (May)
• 2145 US S&P Global Manufacturing PMI (May)
• 2200 US ISM Manufacturing PMI (May)

03 Jun, Tue

• 0100 US Fed Chair Powell Speaks 
• 0930 Australia RBA Meeting Minutes
• 0945 China Caixin Manufacturing PMI (May)
• 1700 Europe Core CPI (YoY) (May) 
• 1700 Europe CPI (YoY) (May) 
• 1700 Europe Unemployment Rate (Apr)
• 2200 US JOLTS Job Openings (Apr)

04 Jun, Wed

• 0930 Australia GDP (QoQ) (Q1)
• 0930 Australia GDP (YoY) (Q1)
• 1555 Germany HCOB Services PMI (May)
• 1600 Europe HCOB Services PMI (May)
• 1630 UK S&P Global Services PMI (May)
• 2015 US ADP Nonfarm Employment Change (May)
• 2145 US S&P Global Services PMI (May)
• 2145 Canada BoC Interest Rate Decision  
• 2200 US ISM Non-Manufacturing PMI (May)
• 2230 US Crude Oil Inventories
• 2230 Canada BOC Press Conference 

05 Jun, Thu

• 0945 China Caixin Services PMI (May)
• 2015 Europe Deposit Facility Rate (Jun)
• 2015 Europe ECB Interest Rate Decision (Jun)
• 2030 US Initial Jobless Claims
• 2045 US ECB Press Conference 
• 2200 Canada Ivey PMI (May)

06 Jun, Fri

• 2030 US Average Hourly Earnings (MoM) (May)
• 2030 US Nonfarm Payrolls (May)
• 2030 US Unemployment Rate (May)
• 2030 Canada Employment Change (May)
• 2030 Canada Unemployment Rate (May)

Commodities Update 31 May 25

BDI reversed to close higher from 1,340 (23 May) to 1,418 (30 May)

Harpex closed higher from 2,102 (23 May) to 2,115 (30 May)

CDFI closed higher from 952.83 (23 May) to 966.59 (30 May) 

CCFI continued to close higher from 1,107.4 (23 May) to 1,117.61 (30 May)

COT     

Download Commodities COT

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

• Wheat (1)
• Soybean Meal
• Sugar
• Rough Rice (1)
• Crude
• Lumber
• Copper
• Cotton

Neutral

• Gasoline

Up Trend

• Orange Juice
• Cocoa
  

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

• Feeder Cattle

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 recovered

The dollar index broke the previous week's low and recovered to close higher, but it failed to overcome the two resistance levels (100.3 and 99.8).
Resistance at 99.8, 100.3, 102.3, TLU1, 103.6
Support at 98.7, 97.3, 96.3

COT for Dollar Index

Weekly chart with 50 SMA