KEY EVENTS TO WATCH FOR:

Tuesday, February 19, 2019  

10:00 AM ET. 4^th Quarter CANCELLED: Advance Quarterly Services * Release cancelled due

                        to the U.S. federal govt partial shutdown, which ended 25 January

10:00 AM ET. February NAHB Housing Market Index

                       Housing Mkt Idx (previous 58)

The STOCK INDEXES http://quotes.ino.com/ex changes/?c=indexes"  

The STOCK INDEXES:The March NASDAQ 100 was lower overnight as it consolidates some of its gains off December's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, December's high crossing at 7169.00 is the next upside target. Closes below the 20-day moving average crossing at 6905.64 are needed to confirm that a short-term top has been posted. First resistance is December's high crossing at 7169.00. Second resistance is the 75% retracement level of the October-December-decline crossing at 7280.27. First support is the 20-day moving average crossing at 69050.64. Second support is the 50-day moving average crossing at 6660.94.  

The March S&P 500 was steady to slightly lower overnight. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 75% retracement level of the September-December-decline crossing at 2789.62 is the next upside target. Closes below the 20-day moving average crossing at 2709.20 would confirm that a short-term top has been posted.First resistance is the overnight high crossing at 2779.80. Second resistance is the 75% retracement level of the September-December-decline crossing at 2789.62. First support is the 20-day moving average crossing at 2709.20. Second support is the 50-day moving average crossing at 2618.46.

INTEREST RATES http://quotes.ino.com/ex changes/?c=interest"

INTEREST RATES: March T-bonds were mostly steady in quiet trading overnight as it extends this month's trading range. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March resumes the rally off January's low, January's high crossing at 148-27 is the next upside target. Closes below the reaction low crossing at 144-29 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 147-01. Second resistance is January's high crossing at 148-27. First support is the 38% retracement level of the November-January rally crossing at 144-00. Second support is the 50% retracement level of the November-January rally crossing at 142.16.

March T-notes was steady to slightly higher overnight. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Closes below the reaction low crossing at 121.190 would confirm that a short-term top has been posted. If March resumes the rally off January's low, January's high crossing at 148-27 is the next upside target. First resistance is the reaction high crossing at 122.190. Second resistance is January's high crossing at 123.080. First support is the 38% retracement level of the October-January rally crossing at 120.301. Second support is the 50% retracement level of the October-January-rally crossing at 120.071.

ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""

March crude oil was slightly higher overnight as it extends the rally off December's low. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes below the 50-day moving average crossing at 51.37 would confirm that a short-term top has been posted. First resistance is the the 38% retracement level of the October-December-decline crossing at 55.55. Second resistance is the reaction high crossing at 58.55. First support is the 50-day moving average crossing at 51.37. Second support is December's low crossing at 42.67.  

March heating oil was slightly lower overnight as it consolidates some of the rally off December's low. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 62% retracement level of the October-December-decline crossing at 213.29 is the next upside target. Closes below the 20-day moving average crossing at 191.94 would confirm that a short-term top has been posted. First resistance is the 50% retracement level of the October-December-decline crossing at 203.52. Second resistance is the 62% retracement level of the October-December-decline crossing at 213.29. First support is the 20-day moving average crossing at 191.94. Second support is the 50-day moving average crossing at 184.53. 

March unleaded gas was steady to slightly lower overnight as it consolidates some of the rally off December's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 38% retracement level of the October-December-decline crossing at 160.10 is the next upside target. Closes below the 50-day moving average crossing at 141.30 would confirm that a short-term top has been posted. First resistance is the 38% retracement level of the October-December-decline crossing at 160.10. Second resistance is the 50% retracement level of the October-December-decline crossing at 171.22. First support is the 20-day moving average crossing at 144.47. Second support is the reaction low crossing at 134.13. 

March Henry natural gas was slightly lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 2.741 are needed to confirm that a short-term low has been posted. If March extends the decline off January's high, weekly support crossing at 2.432 is the next downside target. First resistance is the 20-day moving average crossing at 2.741. Second resistance is the 50-day moving average crossing at 3.068. First support is last Friday's low crossing at 2.543. Second support is weekly support crossing at 2.432.    

CURRENCIEShttp://quotes.ino.com/ex changes/?c=currencies"

CURRENCIES:The March Dollar was higher overnight. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off January's low, weekly resistance crossing at 97.83 is the next upside target. Closes below the 20-day moving average crossing at 96.10 would confirm that a short-term top has been posted. First resistance is last-Thursday's high crossing at 97.12. Second resistance is weekly resistance crossing at 97.83. First support is the 20-day moving average crossing at 96.10. Second support is the late-January low crossing at 94.87.    

The March Euro was lower overnight. The low-range trade overnight sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 87% retracement level of the 2016-2018-rally crossing at 111.94 is the next downside target. Closes above the 50-day moving average crossing at 114.47 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 114.00. Second resistance is the 50-day moving average crossing at 114.47. First support is last-Thursday's low crossing at 112.76. Second support is the 87% retracement level of the 2016-2018-rally crossing at 111.94.    

The March British Pound was steady to slightly lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session beings trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 1.3016 would confirm that a short-term low has been posted. If March extends the decline off January's high, the reaction low crossing at 1.2707 is the next downside target. First resistance is last-Wednesday's high crossing at 1.2981. Second resistance is the 20-day moving average crossing at 1.3016. First support is the reaction low crossing at 1.2707. Second support is January's low crossing at 1.2512.  

The March Swiss Franc was slightly lower overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, weekly support crossing at 0.9902 is the next downside target. Closes above the 20-day moving average crossing at 1.0037 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.0037. Second resistance is the 50-day moving average crossing at 1.0126. First support is last-Thursday's low crossing at 0.9930. Second support is weekly support crossing at 0.9902. 

The March Canadian Dollar was slightly lower overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving averagecrossing at 75.09 would open the door for additional weakness near-term.If March renews the rally off December's low, the 75% retracement level of the October-December-decline crossing at 77.18 is the next upside target. First resistance is the 62% retracement level of the October-December-decline crossing at 76.49. Second resistance is the 75% retracement level of the October-December-decline crossing at 77.18. First support is the reaction low crossing at 74.86. Second support is December's low crossing at 73.30.

The March Japanese Yen was lower overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 75% retracement level of the November-January rally crossing at 0.0900 is the next downside target. Closes above the 20-day moving average crossing at 0.0913 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 0.0925. Second resistance is the reaction high crossing at 0.0933. First support is the 75% retracement level of the November-January rally crossing at 0.0900. Second support is the 87% retracement level of the November-January rally crossing at 0.0892.

PRECIOUS METALS http://quotes.ino.com/ex changes/?c=metals"

PRECIOUS METALS: April gold was higher overnight and has renewed the rally off September's low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes below last-Wednesday's low crossing at 1304.70 would confirm a top has been posted. If April extends the rally off November's low, the 75% retracement level of the January-August-decline crossing at 1349.50 is the next upside target. First resistance is the overnight high crossing at 1333.50. Second resistance is the 75% retracement level of the January-August-decline crossing at 1349.50. First support is last-Wednesday's low crossing at 1304.70. Second support is the 50-day moving average crossing at 1293.70.  

March silver was steady to slightly higher overnight. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally off November's low, the 50% retracement level of the 2017-2018-decline crossing at 16.279 is the next upside target. If March extends the decline off January's high, the 50-day moving average crossing at 15.436 is the next downside target. First resistance is January's high crossing at 16.200. Second resistance is the 50% retracement level of the 2017-2018-decline crossing at 16.279. First support is the 50-day moving average crossing at 15.436. Second support is January's low crossing at 15.195. 

March copper was lower overnight. The mid-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March resumes the rally off January's low, September's high crossing at 288.80 is the next upside target. Closes below the 20-day moving average crossing at 277.20 would confirm that a short-term top has been posted. First resistance is December's high crossing at 285.80. Second resistance is September's high crossing at 288.80. First support is the 20-day moving average crossing at 277.20. Second support is the reaction low crossing at 263.45.  

GRAINS http://quotes.ino.com/ex changes/?c=grains

March corn was steady in quiet trading overnight as traders continue to focus on progress in trade negotiations between China and the U.S.. The low-range trade overnight sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March resumes the decline off January's high, January's low crossing at 3.71 then November's low crossing at 3.67 1/4 are the next downside targets. Closes above the reaction high crossing at 3.83 are needed to temper the near-term bearish outlook. First resistance is January's high crossing at 3.84 1/2. Second resistance is December's high crossing at 3.87 3/4. First support is January's low crossing at 3.71. Second support is November's low crossing at 3.67 1/4.  

March wheat was lower overnight as it extends this month's decline. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, weekly support crossing at 4.93 1/2 is the next downside target. Closes above last-Wednesday's high crossing at 5.24 would confirm that a short-term low has been posted. First resistance is February's high crossing at 5.31 1/4. Second resistance is December's high crossing at 5.38 1/2. First support is the overnight low crossing at 4.99 1/2. Second support is weekly support crossing at 4.93 1/2. 

March Kansas City Wheat closed down 5-cents at 4.76 1/2.

March Kansas City wheat closed lower on Friday as it extended this month's decline. If March extends this week's decline, weekly support crossing at 4.69 1/2 is the next downside target. The low-range close sets the stage for a steady to lower opening when Tuesday night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above the 50-day moving average crossing at 5.03 would temper the near-term bearish outlook. First resistance is January's high crossing at 5.18. Second resistance is December's high crossing at 5.24 1/4. First support is today's low crossing at 4.72. Second support is weekly support crossing at 4.69 1/2.  

March Minneapolis wheat was lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 5.63 1/4 would confirm that a short-term top has been posted. If March extends the rally off December's low, December's high crossing at 5.89 1/2 is the next upside target. First resistance is last-Wednesday's high crossing at 5.85. Second resistance is December's high crossing at 5.89 1/2. First support is the reaction low crossing at 5.63 1/4. Second support is the reaction low crossing at 5.61. 

SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains "

March soybeans was steady to fractionally lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off February's high, January's low crossing at 8.91 1/4 is the next upside target. Closes above the reaction high crossing at 9.22 1/2 would temper the near-term bearish outlook. First resistance is February's high crossing at 9.31 1/4. Second resistance is December's high crossing at 9.41. First support is January's low crossing at 8.91 1/4. Second support is December's low crossing at 8.80 1/2.

March soybean meal was slightly higher overnight. The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, September's low crossing at 303.40 is the next downside target. Closes above the 20-day moving average crossing at 309.70 would temper the near-term bearish outlook. First resistance is the reaction high crossing at 316.50. Second resistance is January's high crossing at 323.60. First support is last-Monday's low crossing at 304.30. Second support is September's low crossing at 303.40.  

March soybean oil was slightly higher overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off February's high, the 50-day moving average crossing at 29.14 is the next downside target. Closes above the 10-day moving average crossing at 30.33 would temper the near-term bearish outlook. First resistance is February's high crossing at 31.01. Second resistance is the 50% retracement level of the 2017-2018 decline crossing at 31.69. First support is the reaction low crossing at 29.65. Second support is the 50-day moving average crossing at 29.14.

LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock 

April hogs closed up $0.83 at $59.53. 

April hogs closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 61.56 are needed to confirm that a short-term low has been posted. If April resumes the decline off November's high, July's low crossing at 57.80 is the next downside target. First resistance is the 20-day moving average crossing at 61.56. Second resistance is the reaction high crossing at 63.33. First support is Monday's low crossing at 57.87. Second support is July's low crossing at 57.80.   

April cattle closed down $0.20 at 127.18. 

April cattle closed lower on Friday. The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 126.03 are needed to confirm that a short-term top has been posted. If April extends the rally off November's low, weekly resistance crossing at 134.55 is the next upside target. First resistance is January's high crossing at 129.48. Second resistance is weekly resistance crossing at 134.55. First support is the 50-day moving average crossing at 126.03. Second support is January's low crossing at 123.50.   

March Feeder cattle closed down $1.48 at $142.60. 

March Feeder cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off December's high, December's low crossing at 140.35 is the next downside target. Closes above the reaction high crossing at 145.58 would temper the bearish outlook. First resistance is the reaction high crossing at 145.58. Second resistance is December's high crossing at 147.58. First support is January's low crossing at 141.20. Second support is December's low crossing at 140.35.  

FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food 

March coffee closed slightly higher on Friday as it consolidates some of the decline off February's high. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this month's decline, weekly support crossing at 95.10 is the next downside target. Closes above the 20-day moving average crossing at 10.29 are needed to confirm that a low has been posted.

March cocoa closed higher on Friday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 50-day moving average crossing at 22.73 confirms that a short-term low has been posted. If March extends today's rally, the reaction high crossing at 23.68 is the next upside target. If March resumes the decline off December's high, December's low crossing at 20.95 is the next downside target.      

March sugar closed sharply higher on Friday. The high-range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally off January's low, the reaction high crossing at 13.54 is the next upside target. If March renews the decline off January's high, January's low crossing at 11.69 is the next downside target.   

March cotton closed slightly higher on Friday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off December's high, the 87% retracement level of the 2016-2018-rally crossing at 66.12 is the next downside target. Closes above the 20-day moving average crossing at 72.70 would confirm that a short-term low has been posted.