KEY EVENTS TO WATCH FOR:

Tuesday, April 16, 2019 

7:45 AM ET. The Retail Economist/Goldman Sachs Weekly Chain Store Sales Index

                       Chain Store Sales, W/W% (previous +3.5%)

                       Chain Store Sales, M/M% (previous +1.6%)

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, M/M%  (previous +0.1%)

                       Ret Sales Mo-to-Date, Y/Y% (previous +4.7%)

                       Latest Wk, Y/Y% (previous +4.8%)

9:15 AM ET. March Industrial Production & Capacity Utilization

                       Industrial Production, M/M% (expected +0.2%; previous +0.1%)

                       Capacity Utilization% (expected 79.2%; previous 78.2%)

                       Capacity Utilization, Net Chg (Pts.) (previous -0.1)

10:00 AM ET. April NAHB Housing Market Index

                       Housing Mkt Idx (expected 63; previous 62)

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous +4.1M)

                       Gasoline Stocks, Net Chg (Bbls) (previous -7.1M)

                       Distillate Stocks, Net Chg (Bbls) (previous -2.4M)

Wednesday, April 17, 2019 

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 475.6)

                       Composite Idx, W/W% (previous -5.6%)

                       Purchase Idx-SA (previous 278.1)

                       Purchase Idx-SA, W/W% (previous +0.5%)

                       Refinance Idx (previous 1582.6)

                       Refinance Idx, W/W% (previous -11.4%)

8:30 AM ET. February U.S. International Trade in Goods & Services

                       Trade Balance (USD) (expected -53.7B; previous -51.15B)

                       Exports (USD) (previous 207.34B)

                       Exports, M/M% (previous +0.9%)

                       Imports (USD) (previous 258.49B)

                       Imports, M/M% (previous -2.6%)

10:00 AM ET. February Monthly Wholesale Trade

                       Inventories, M/M% (expected +0.5%; previous +1.2%)

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 456.55M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous +7.029M)

                       Gasoline Stocks (Bbl) (previous 229.129M)

                       Gasoline Stocks, Net Chg (Bbl) (previous -7.71M)

                       Distillate Stocks (Bbl) (previous 128.053M)

                       Distillate Stocks, Net Chg (Bbl) (previous -0.116M)

                       Refinery Usage (previous 87.5%)

                       Total Prod Supplied (Bbl/day) (previous 20.316M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous +0.318M)

2:00 PM ET. U.S. Federal Reserve Beige Book

Thursday, April 18, 2019  

8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims

                       Jobless Claims (expected 206K; previous 196K)

                       Jobless Claims, Net Chg (previous -8K)

                       Continuing Claims (previous 1713000)

                       Continuing Claims, Net Chg (previous -13K)

8:30 AM ET. U.S. Weekly Export Sales

                       Corn (Metric Tons) (previous 548.0K)

                       Soybeans (Metric Tons) (previous 280.4K)

                       Wheat (Metric Tons) (previous 474.4K)

8:30 AM ET. April Philadelphia Fed Business Outlook Survey

                       Business Activity (expected 11.0; previous 13.7)

                       Prices Paid (previous 19.7)

                       Employment (previous 9.6)

                       New Orders (previous 1.9)

                       Prices Received (previous 24.7)

                       Delivery Times (previous 8.8)

                       Inventories (previous 17.2)

                       Shipments (previous 20.0)

8:30 AM ET. March Advance Monthly Sales for Retail & Food Services

                       Overall Sales-SA, M/M% (expected +0.9%; previous -0.2%)

                       Sales, Ex-Auto, M/M% (expected +0.7%; previous -0.4%)

                       Sales, Ex-Auto & Gas, M/M% (previous -0.6%)

9:45 AM ET. April US Flash Services PMI

                       PMI, Services (previous 54.8)

9:45 AM ET. April US Flash Manufacturing PMI

                       PMI, Mfg (expected 52.8; previous 52.5)

9:45 AM ET. Bloomberg Consumer Comfort Index

10:00 AM ET. February Manufacturing & Trade: Inventories & Sales

                       Total Inventories (expected +0.4%; previous +0.8%)

10:00 AM ET. March Leading Indicators

                       Leading Index, M/M% (expected +0.4%; previous +0.2%)

                       Leading Index (previous 111.5)

                       Coincident Index, M/M% (previous +0.2%)

                       Lagging Index, M/M% (previous +0%)

10:30 AM ET. EIA Weekly Natural Gas Storage Report

                       Working Gas In Storage (Cbf) (previous 1155B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +25B)

2:00 PM ET. SEC Closed Meeting

4:30 PM ET. Federal Discount Window Borrowings

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Money Stock Measures

Friday, April 19, 2019 

8:30 AM ET. March New Residential Construction - Housing Starts and Building Permits

                       Total Starts (expected 1.22M; previous 1.162M)

                       Housing Starts, M/M% (expected +5.0%; previous -8.7%)

                       Building Permits (expected 1.3M; previous 1.296M)

                       Building Permits, M/M% (expected +0.3%; previous -1.6%)

8:30 AM ET. Annual   Advance GDP by Industry

10:00 AM ET. March Regional & State Employment & Unemployment

  N/A              Marianas: Good Friday

  N/A              U.S. stock markets closed on Good Friday

Monday, April 22, 2019 

8:30 AM ET. March CFNAI Chicago Fed National Activity Index

                       NAI (previous -0.29)

                       NAI, 3-mo Moving Avg (previous -0.18)

10:00 AM ET. March Existing Home Sales

                       Existing Sales (previous 5.51M)

                       Existing Sales, M/M% (previous +11.8%)

                       Unsold Homes Month's Supply (previous 3.5)

                       Median Price (USD) (previous 249500)

                       Median Home Price, Y/Y% (previous +3.6%)

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

The June NASDAQ 100 closed slightly lower on Monday.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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off December's low, last-September high crossing at 7767.00 is the next upside target. Closes below the 20-day moving average crossing at 7502.59 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 7665.00. Second resistance is last-September's high crossing at 7767.00. First support is the 20-day moving average crossing at 7502.59. Second support is the 50-day moving average crossing at 7256.93.  

The June S&P 500 posted an inside day with a lower close on Monday as it consolidated some of the rally off December's low. The mid-range close sets the stage for a steady to lower opening when Tuesday's night 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 June extends the rally off December's low, last-September's high crossing at 2957.90 is the next upside target. Closes below the 20-day moving average crossing at 2860.74 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 2915.00. Second resistance is last-September's high crossing at 2957.90. First support is the 20-day moving low crossing at 2860.74. Second support is the 50-day moving average crossing at 2810.00.  

The Dow closed lower on Monday. 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 bullish signaling that sideways to higher prices are possible near-term. If the Dow extends the rally off March's low, last-October's high crossing at 26,951.81 is the next upside target. Closes below the 50-day moving average crossing at 25,813.20 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 26,487.57. Second resistance is last-October 2018 high crossing at 26,951.81. First support is the 20-day moving average crossing at 26,029.38. Second support is the 50-day moving average crossing at 25,813.20.

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

June T-bonds closed up 6/32's at 147-03.

June T-bonds closed higher on Monday as it consolidates some of last-Friday's decline. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off March's high, the 50-day moving average crossing at 146-16 is the next downside target. If June renews the rally off March's low, weekly resistance crossing at 152-01 is the next upside target. First resistance is March's high crossing at 150-21. Second resistance is weekly resistance crossing at 152-01. First support is the 50-day moving average crossing at 146-16. Second support is the reaction low crossing at 145-03.         

June T-notes closed up 25-pts. At 123.055.

June T-notes closed slightly higher on Monday as it consolidates some of the decline off March's high. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends today's decline, the 50-day moving average crossing at 122.293 is the next downside target. If June renews the rally off March's low. weekly resistance crossing at 125.265 is the next upside target. First resistance is the reaction high crossing at 123.295. Second resistance is March's high crossing at 124.310. First support is the 50-day moving average crossing at 122.293. Second support is the reaction low crossing at 122.120.       

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

May crude oil closed slightly lower on Monday as it consolidates abovethe 62% retracement level of the October-December-decline crossing at 63.39. The mid-range close sets the stage for a steady opening when Tuesday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher. If May extends the rally off December's low, the 75% retracement level of the October-December-decline crossing at 67.68 is the next upside target. Closes below the 20-day moving average crossing at 61.64 are needed to confirm that a short-term top has been posted. First resistance is last-Tuesday's high crossing at 64.79. Second resistance is the 75% retracement level of the October-December-decline crossing at 67.68. First support is the 20-day moving average crossing at 61.64. Second support is the 50-day moving average crossing at 58.51.  

May heating oil closed slightly lower on Monday as it consolidates some of its recent gains. The high-range close sets the stage for a steady to higher opening when Tuesday's night trading session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off December's low, the 62% retracement level of the October-December-decline crossing at 211.17 is the next upside target. Closes below the 50-day moving average crossing at 198.97 would confirm that a short-term top has been posted. First resistance is last-Wednesday's high crossing at 208.97. Second resistance is the 62% retracement level of the October-December-decline crossing at 211.17. First support is the 50-day moving average crossing at 198.97. Second support is the reaction low crossing at 193.69. 

May unleaded gas closed lower on Monday but remains above the 62% retracement level of the October-December-decline crossing at 200.45. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 193.92 are needed to confirm that a short-term top has been posted. If May extends the rally off December's low, the 75% retracement level of the October-December-decline crossing at 212.54 is the next upside target. First resistance is last-Wednesday's high crossing at 207.02. Second resistance is the 75% retracement level of the October-December-decline crossing at 212.54. First support is the 20-day moving average crossing at 193.92. Second support is the 50-day moving average crossing at 182.29.

May Henry natural gas closed sharply lower on Monday as it renewed the decline off March's high. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off March's high, January's low crossing at 2.579 is the next downside target. Closes above the 20-day moving average crossing at 2.718 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 2.718. Second resistance is the 50-day moving average crossing at 2.747. First support is today's low crossing at 2.585. Second support is January's low crossing at 2.579.       

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

The June Dollar closed slightly higher on Monday. 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 bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 96.23 would temper the near-term friendly outlook.If June extends the rally off March's low, March's high crossing at 97.16 is the next upside target. First resistance is March's high crossing at 97.16. Second resistance is weekly resistance crossing at 97.83. First support is the 20-day moving average crossing at 96.47. Second support is the 50-day moving average crossing at 96.23.

The June Euro closed slightly higher on Monday as it extends the rebound off the 87% retracement level of the 2016-2018 rally crossing at 112.62.The low-range close sets the stage for a steady to lower 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 50-day moving average crossing at 113.96 would temper the near-term bearish outlook. If June renews the decline off March's high, the January 2017 low crossing at 110.16 is the next downside target. First resistance is the 50-day moving average crossing at 113.96. Second resistance is March's high crossing at 115.33. First support is the 87% retracement level of the 2016-2018 rally crossing at 112.62. Second support is the January 2017 low crossing at 110.16.      

The June British Pound closed slightly higher on Monday. The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. If June extends the decline off March's high, February's low crossing at 1.2854 is the next downside target. Closes above the reaction high crossing at 1.3245 would confirm that a low has been posted. First resistance is March's high crossing at 1.3441. Second resistance is the 50% retracement level of the April-December-2018 decline crossing at 1.3603. First support is March's low crossing at 1.3026. Second support is February's low crossing at 1.2854.   

The June Swiss Franc closed lower on Monday as it extends the decline off March's high.The low-range close sets the stage for a steady to lower opening when Tuesday's 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. If June extends the decline off March's high, March's low crossing at 0.9970 is a potential downside target. Closes above the 20-day moving average crossing at 1.0093 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 1.0093. Second resistance is March's high crossing at 1.0190. First support is March's low crossing at 0.9970. Second support is weekly support crossing at 0.9902.

The June Canadian Dollar closed lower on Monday as it extends the March-April symmetrical triangle. The low-range close sets the stage for a steady to lower 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. If June renews the decline off February's high, December's low crossing at 74.48 is the next downside target. Closes above the 50-day moving average crossing at 75.33 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 75.33. Second resistance is the reaction high crossing at 76.46. First support is March's low crossing at 74.43. Second support is December's low crossing at 73.47.  

The June Japanese Yen closed steady to slightly higher on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. The mid-range close sets the stage for a steady opening when Tuesday’s night session begins trading. If June extends the decline off March's low, December's low crossing at 0.0894 is the next downside target. Closes above the 50-day moving average crossing at 0.0908 would temper the near-term bearish outlook. First resistance is March's high crossing at 0.0918. Second resistance is the reaction high crossing at 0.0922. First support is today's low crossing at 0.0896. Second support is December's low crossing at 0.0894.  

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

June gold closed lower on Monday. The mid-range close sets the stage for a steady to lower 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. If June extends the decline off February's high, the 38% retracement level of the August-February-rally crossing at 1273.10 is the next downside target. Closes above the 50-day moving average crossing at 1312.70 are needed to confirm that a low has been posted. First resistance is March's high crossing at 1330.80. Second resistance is February's high crossing at 1356.00. First support is the reaction low crossing at 1284.90. Second support is the 38% retracement level of the August-February-rally crossing at 1273.10.

May silver closed slightly higher on Monday. The high-range close set the stage for a steady to higher opening when Tuesday's 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. If May extends the decline off February's high, the 75% retracement level of the November-February-rally crossing at 14.644 is the next downside target. Closes above the 20-day moving average crossing at 15.198 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 15.198. Second resistance is the 50-day moving average crossing at 15.450. First support is the 62% retracement level of the November-February-rally crossing at 14.935. Second support is the 75% retracement level of the November-February-rally crossing at 14.644.          

May copper posted an inside day with a lower close on Monday as it extends the February-April trading range.The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Closes below the 50-day moving average crossing at 289.33 would confirm that a short-term top has been posted. If May extends the rally off March's low, the 50% retracement level of the April-December-2018 decline crossing at 296.76 is the next upside target. First resistance the 50% retracement level of the April-December-2018 decline crossing at 296.76. Second resistance is the 62% retracement level of the April-December-2018 decline crossing at 306.69. First support is the 50-day moving average crossing at 289.33. Second support is the reaction low crossing at 283.45. 

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

May Corn closed up 1 1/2-cents at 3.62 1/2. 

May corn closed higher on Monday.Today's mid-range close sets the stage for a steady to higher opening when Tuesday's night sessions begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 3.66 3/4 are needed to confirm that a short-term low has been posted. If May extends the decline off March's high, psychological support crossing at 3.50 is the next downside target. First resistance is the 20-day moving average crossing at 3.66 3/4. Second resistance is March's high crossing at 3.80 3/4. First support is last-Tuesday's low crossing at 3.55 1/4. Second support is psychological support crossing at 3.50.   

May wheat closed down 5-cents at 4.59 1/2. 

May wheat closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May resumes the rally off March's low, March's high crossing at 4.78 is the next upside target. Closes below the reaction low crossing at 4.52 1/2 would temper the near-term friendly outlook. First resistance is March's high crossing at 4.78. Second resistance is the reaction high crossing at 4.97 1/2. First support is the reaction low crossing at 4.52 1/2. Second support is March's low crossing at 4.27.     

May Kansas City Wheat closed down 7-cents at 4.27 1/4.

May Kansas City wheat closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May resumes the rally off March's low, the 50-day moving average crossing at 4.52 3/4 is the next upside target. If May renews the decline off December's high, weekly support crossing at 4.17 3/4 is the next downside target. First resistance is the reaction high crossing at 4.54. Second resistance is the 50-day moving average crossing at 4.52 3/4. First support is March's low crossing at 4.18 1/4. Second support is weekly support crossing at 4.17 3/4.  

May Minneapolis wheat closed up a 1/2-cent at 5.31 3/4. 

May Minneapolis wheat closed fractionally higher on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 5.47 3/4 are needed to confirm that a low has been posted. If May extends the decline off March's high, weekly support crossing at 5.15 1/4 is the next downside target. First resistance is last-Thursday's high crossing at 5.38 3/4. Second resistance is the 20-day moving average crossing at 5.47 3/4. First support is last-Monday's low crossing at 5.21. Second support is weekly support crossing at 5.15 1/4.    

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

May soybeans closed up 3 1/4-cents at 8.98 1/2

May soybeans closed higher on Monday.The mid-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 sideways to higher prices are possible near-term. If May extends the rally off March's low, the 50-day moving average crossing at 9.09. First resistance is the reaction high crossing at 9.12. If May renews the decline off February's high, the 75% retracement level of the 2018 rally crossing at 8.78 is the next downside target. Second resistance is the reaction high crossing at 9.24 3/4. First support is March's low crossing at 8.83. Second support is the 75% retracement level of the 2018 rally crossing at 8.78.

May soybean meal closed up $3.10 at 311.00. 

May soybean meal closed higher on Monday. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off March's low, March's high crossing at 316.50 is the next upside target. If May renews the decline off March's high, March's low crossing at 300.30 is the next downside target. First resistance is March's high crossing at 316.50. Second resistance is February's high crossing at 321.30. First support is the late-March's low crossing at 303.60. Second support is March's low crossing at 300.30.  

May soybean oil closed down 16-pts. at 28.79. 

May soybean oil closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If May renews the decline off February's high, the 87% retracement level of the November-February-rally crossing at 28.17 is the next downside target. If May resumes the rally off March's low, the 50-day moving average crossing at 29.71 is the next upside target. First resistance is the 50-day moving average crossing at 29.71. Second resistance is the reaction high crossing at 30.08. First support is March's low crossing at 28.34. Second support is the 87% retracement level of the November-February-rally crossing at 28.17.    

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

June hogs closed down $0.20 at $98.30. 

June hogs closed lower on Monday. The mid-range close sets the stage for a steady opening when Tuesday's night 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 June extends the rally off February's low, weekly resistance crossing at 110.53 is the next upside target. Closes below the 20-day moving average crossing at 94.49 would confirm that a short-term top has been posted. First resistance is April's high crossing at 99.83. Second resistance is weekly resistance crossing at 110.53. First support is the 20-day moving average crossing at 94.49. Second support is April's low crossing at 86.25. 

April cattle closed down $0.25 at 126.30. 

April cattle closed lower on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above 50-day moving average crossing at 127.78 are needed to confirm that a short-term low has been posted. If April extends the decline off March's high, January's low crossing at 123.50 is the next downside target. First resistance is the 50-day moving average crossing at 127.78. Second resistance is March's high crossing at 130.45. First support is the 25% retracement level of the 2018-2019-rally crossing at 125.45. Second support the 38% retracement level of the 2018-2019-rally crossing at 122.80. 

May Feeder cattle closed up $053 at $151.03. 

April Feeder cattle closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 151.43 would renew the rally off April's low. If April resumes the decline off March's high, March's low crossing at 145.18 is the next downside target. First resistance is March's high crossing at 155.30. Second resistance is last-October's high crossing at 155.35. First support is April's low crossing at 146.60. Second support is March's low crossing at 145.18. 

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

May coffee closed higher on Monday as it consolidates some of this year's decline. 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 May extends this winter's decline, weekly support crossing at 8.72 is the next downside target. Closes above the 50-day moving average crossing at 9.78 are needed to confirm that a low has been posted. 

May cocoa closed slightly lower on Monday. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to higher prices are possible near-term. If May extends the rally off March's low, December's high crossing at 24.64 is the next upside target. Closes below the 20-day moving average crossing at 23.17 would confirm that a short-term top has been posted.          

May sugar closed lower on Monday as it extends this year's trading range. The low-range close set the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May resumes the rally off March's low, February's high crossing at 13.42 is the next upside target. May renews the decline off February's high, January's low crossing at 11.82 is the next downside target. 

May cotton closed lower on Monday as it extends the decline off last-Tuesday's high. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Today's close below the 20-day moving average crossing at 77.22 confirms that a short-term top has been posted. If May extends the rally off February's low, the 38% retracement level of the 2018-2019-decline crossing at 79.88 is the next upside target.