KEY EVENTS TO WATCH FOR:

Monday, July 1, 2019 

9:45 AM ET. June US Manufacturing PMI

                       PMI, Mfg (previous 50.5)

10:00 AM ET. June ISM Manufacturing Report on Business

                       Manufacturing PMI (previous 52.1)

                       Prices Idx (previous 53.2)

                       Employment Idx (previous 53.7)

                       Inventories (previous 50.9)

                       New Orders Idx (previous 52.7)

                       Production Idx (previous 51.3)

10:00 AM ET. May Construction Spending - Construction Put in Place

                       New Construction (previous +0%)

                       Residential Construction

11:00 AM ET. June Global Manufacturing PMI

                       PMI, Mfg (previous 49.8)

Tuesday, July 2, 2019 

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

                       Chain Store Sales, W/W% (previous +2.7%)

                       Chain Store Sales, M/M% (previous +2.8%)

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, M/M% (previous -2.5%)

                       Ret Sales Mo-to-Date, Y/Y% (previous +5.1%)

                       Latest Wk, Y/Y% (previous +5.0%)

9:45 AM ET. June ISM-NY Report on Business

                       Business Index (previous 48.6)

10:00 AM ET. July IBD/TIPP Economic Optimism Index

                       Economic Optimism Idx (previous 53.2)

                       6-Mo Economic Outlook (previous 47.7)

4:00 PM ET. June Domestic Auto Industry Sales

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous -7.5M)

                       Gasoline Stocks, Net Chg (Bbls) (previous -3.2M)

                       Distillate Stocks, Net Chg (Bbls) (previous +0.2M)

Wednesday, July 3, 2019 

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 18.7)

                       Composite Idx, W/W% (previous +1.3%)

                       Purchase Idx-SA (previous 266.3)

                       Purchase Idx-SA, W/W% (previous -0.9%)

                       Refinance Idx (previous 1949.5)

                       Refinance Idx, W/W% (previous +3.2%)

7:30 AM ET. June Challenger Job-Cut Report

                       Job Cuts, M/M% (previous +46%)

8:15 AM ET. June ADP National Employment Report

                       Private Sector Jobs, Net Chg (previous +27000)

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

                       Jobless Claims (previous 227K)

                       Jobless Claims, Net Chg (previous +10K)

                       Continuing Claims (previous 1688000)

                       Continuing Claims, Net Chg (previous +22K)

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

                       Trade Balance (USD) (previous -50.79B)

                       Exports (USD) (previous 206.847B)

                       Exports, M/M% (previous -2.2%)

                       Imports (USD) (previous 257.638B)

                       Imports, M/M% (previous -2.2%)

9:45 PM ET. Bloomberg Consumer Comfort Index

9:45 PM ET. June US Services PMI

                       PMI, Services (previous 50.9)

10:00 AM ET. ISM Non-Manufacturing Report on Business

                       Non-Mfg Composite Idx (previous 56.9)

                       Non-Mfg Business Idx (previous 61.2)

                       Prices Idx (previous 55.4)

                       Employment Idx (previous 58.1)

                       New Orders Idx (previous 58.6)

10:00 AM ET. June Online Help Wanted Index

10:00 AM ET. May Manufacturers' Shipments, Inventories & Orders (M3)

                       Total Orders, M/M% (previous -0.8%)

                       Orders, Ex-Defense, M/M% (previous -0.9%)

                       Orders, Ex-Transport, M/M% (previous +0.3%)

                       Durable Goods, M/M%  (previous -2.1%)

                       Durable Goods, M/M%

10:00 AM ET. May Metropolitan Area Employment & Unemployment

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 469.576M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous -12.788M)

                       Gasoline Stocks (Bbl) (previous 232.225M)

                       Gasoline Stocks, Net Chg (Bbl) (previous -0.996M)

                       Distillate Stocks (Bbl) (previous 125.38M)

                       Distillate Stocks, Net Chg (Bbl) (previous -2.441M)

                       Refinery Usage (previous 94.2%)

                       Total Prod Supplied (Bbl/day) (previous 20.876M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous +0.069M)

11:00 AM ET. June Global Services PMI

                       PMI, Services (previous 51.6)

12:00 PM ET. EIA Weekly Natural Gas Storage Report

                       Working Gas In Storage (Cbf) (previous 2301B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +98B)

1300/1700           U.S. financial markets close early for Independence Day

Thursday, July 4, 2019  

  N/A              Marianas: U.S. Independence Day

  N/A              U.S. Independence Day. Financial markets closed

Friday, July 5, 2019 

8:30 AM ET. June U.S. Employment Report

                       Non-Farm Payrolls  (previous +75K)

                       Unemployment Rate (previous 3.6%)

                       Avg Hourly Earnings (USD) (previous 27.83)

                       Avg Hourly Earnings-Net Chg (USD) (previous +0.06)

                       Avg Hourly Earnings, M/M% (previous +0.22%)

                       Avg Hourly Earnings, Y/Y% (previous 3.1%)

                       Overall Workweek (previous 34.4)

                       Overall Workweek Net Chg (previous +0)

                       Government Payrolls (previous -15K)

                       Private Payroll (previous +90K)

                       Participation Rate (previous 62.8%)

                       Non-Farm Payrolls Bench Net Chg

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

                       Corn (Metric Tons) (previous 405.0K)

                       Soybeans (Metric Tons) (previous 487.8K)

                       Wheat (Metric Tons) (previous 612.1K)

4:30 PM ET. Federal Discount Window Borrowings

4:30 PM ET. Money Stock Measures

4:30 PM ET. Foreign Central Bank Holdings

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

The September NASDAQ 100 closed lower on Friday.The mid-range close sets the stage for a steady to lower opening when Monday'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 20-day moving average crossing at 7536.89 would confirm that a short-term top has been posted. If September resumes the rally off June's low, April's high crossing at 7910.75 is the next upside target. First resistance is last-Thursday's high crossing at 7821.00. Second resistance is April's high crossing at 7910.75. First support is the 20-day moving average crossing at 7536.84. Second support is June's low crossing at 6969.00. 

The September S&P 500 closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday'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 September resumes this month's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 2895.61 are needed to confirm that a short-term top has been posted.  First resistance is last-Friday's high crossing at 2967.50. Second resistance is unknown. First support is the 20-day moving average crossing at 2895.61. Second support is the reaction low crossing at 2885.00.  

The Dow closed higher on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 26,158.52 would confirm that a short-term top has been posted. If the Dow resumes this month's rally, last-October's high crossing at 26,951.81  is the next upside target. First resistance is last-Friday's high crossing at 26,907.37. Second resistance is last-October's high crossing at 26,951.81. First support is the 10-day moving average crossing at 26,546.96. Second support is the 20-day moving average crossing at 26,158.52.

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

September T-bonds closed up 2/32's at 155-22.

September T-bonds closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are diverging but are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off March's low, weekly resistance crossing at 156-29 is the next upside target. Closes below the 20-day moving average crossing at 154-18 would confirm that a short-term top has been posted. First resistance is last-Thursday's high high crossing at 156-17. Second resistance is weekly resistance crossing at 156-29. First support is the 20-day moving average crossing at 154-18. Second support is the reaction low crossing at 153-17.           

September T-notes closed up 15-pts. At 127.315.

September T-notes closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off April's low, weekly resistance crossing at 130.010 is the next upside target. Closes below the 20-day moving average crossing at 127.128 would confirm that a short-term top has been posted. First resistance is last-Thursday's high crossing at 128.085. Second resistance is weekly resistance crossing at 130.010. First support is the 20-day moving average crossing at 127.128. Second support is June's low crossing at 126.155.       

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

August crude oil closed lower on Friday.The low-range close sets the stage for a steady to lower opening when Monday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this month's rally, the reaction high crossing at 64.03 is the next upside target. Closes below the 20-day moving average crossing at 54.89 are needed to confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 59.93. Second resistance is the reaction high crossing at 64.03. First support is the 10-day moving average crossing at 56.87. Second support is the 20-day moving average crossing at 54.89.  

August heating oil closed lower on Friday as it consolidates some this month's rally. The low-range close sets the stage for a steady to lower opening when Monday's night trading session begins. 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 185.78 are needed to confirm that a short-term top has been posted. If August extends the rally off June's low, the reaction high crossing at 202.50 is the next upside target. First resistance is the 50-day moving average crossing at 197.57. Second resistance is the reaction high crossing at 202.50 is the next upside target. First support is the 10-day moving average crossing at 190.33. Second support is the 20-day moving average crossing at 185.78. 

August unleaded gas closed lower on Friday as it consolidates some of the rally off June's low. The low-range close sets the stage for a steady to lower opening when Monday'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 August extends the rally off June's low, the reaction high crossing at 200.99 is the next upside target. Closes below the 20-day moving average crossing at 175.02 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 194.33. Second resistance is the reaction high crossing at 200.99. First support is the 10-day moving average crossing at 180.81. Second support is the 20-day moving average crossing at 175.02.

August Henry natural gas closed lower on Friday.The low-range close sets the stage for a steady to lower opening when Monday's night session begins 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 2.324 are needed to confirm that a short-term low has been posted.If August resumes this spring's decline, monthly support crossing at 2.029 is the next downside target. First resistance is the 20-day moving average crossing at 2.324. Second resistance is the 50-day moving average crossing at 2.508. First support is June's low crossing at 2.134. Second support is monthly support crossing at 2.029.        

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

The September Dollar closed lower on Friday as it consolidates above the 38% retracement level of the September-May rally. The mid-range close sets the stage for a steady to lower opening when Monday'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 September extends this month's decline, March's low crossing at 94.78 is the next downside target. Closes above the 20-day moving average crossing at 96.30 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at crossing at 96.30. Second resistance is the 50-day moving average crossing at 96.72. First support is Tuesday's low crossing at 95.36. Second support is March's low crossing at 94.78.

The September Euro closed slightly lower on Friday. The mid-range close sets the stage for a steady opening when Monday'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 September extends the rally off May's low, March's high crossing at 116.21 is the next upside target. Closes below the 50-day moving average crossing at 113.34 are needed to confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 114.86. Second resistance is March's high crossing at 116.21. First support last-Tuesday's low crossing at 112.62. Second support is May's low crossing at 112.12.       

The September British Pound closed higher on Friday. The mid-range close sets the stage for a steady to lower opening when Monday'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 September resumes the decline off May's high, the October-2016 low crossing at 1.2439 is the next downside target. If September renews the rally off June's low, the 50-day moving average crossing at 1.2865 is the next upside target. First resistance is Tuesday's high crossing at 1.2830. Second resistance is the 50-day moving average crossing at 1.2865. First support is June's low crossing at 1.2556. Second support is the October-2016 low crossing at 1.2439.   

The September Swiss Franc closed higher on Friday.The mid-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.0207 would temper the near-term friendly outlook. If September extends the rally off May's low, January's high crossing at 1.0505 is the next upside target. First resistance is Tuesday's high crossing at 1.0392. Second resistance is January's high crossing at 1.0505. First support is the 10-day moving average crossing at 1.0253. Second support is the 20-day moving average crossing at 1.0207. 

The September Canadian Dollar closed higher on Friday as it extends the rally off May's low. The low-range close sets the stage for a steady to lower opening when Monday'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 September extends the rally off June's low, January's high crossing at 76.85 is the next upside target. Closes below the 20-day moving average crossing at 75.43 would confirm that a short-term top has been posted. First resistance is today's high crossing at 76.69. Second resistance is January's high crossing at 76.85. First support is the 10-day moving average crossing at 75.80. Second support is the 20-day moving average crossing at 75.43.  

The September Japanese Yen closed slightly lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday’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 20-day moving average crossing at 0.0932 would confirm that a short-term top has been posted. If September extends the rally off April's low, the December-2018 high crossing at 0.0948 is the next upside target. First resistance is the 87% retracement level of the November-January-rally crossing at 0.0942. Second resistance is the December-2018 high crossing at 0.0948. First support is the 20-day moving average crossing at 0.0932. Second support is the 50-day moving average crossing at 0.0921.  

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

August gold closed slightly higher on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1365.60 would confirm that a short-term low has been posted. If August extends the rally off May's low, the 50% retracement level of the 2011-2015-decline on the weekly continuation chart crossing at 1484.50 is the next upside target. First resistance is Tuesday's high crossing at 1442.90. Second resistance is the 50% retracement level of the 2011-2015-decline on the weekly continuation chart crossing at 1484.50. First support is the 10-day moving average crossing at 1394.10. Second support is the 20-day moving average crossing at 1365.60.

September silver closed higher on Friday. The high-range close set the stage for a steady to higher opening when Monday'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 20-day moving average crossing at 15.093 would confirm that a short-term top has been posted. If September extends the rally off May's low, March's high crossing at 15.835 is the next upside target. First resistance is last-Friday's high crossing at 15.625. Second resistance is March's high crossing at 15.835. First support is the 20-day moving average crossing at 15.093. Second support is the reaction low crossing at 14.700.          

September copper closed lower on Friday.The mid-range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above the 50-day moving average crossing at 274.12 would open the door for additional strength near-term. Closes below the 20-day moving average crossing at 267.72 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 274.12. Second resistance is the reaction high crossing at 285.35. First support is the 20-day moving average crossing at 267.72. Second support is June's low crossing at 259.95. 

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

December Corn closed down 19-cents at 4.32. 

December corn closed closed sharply lower on Friday following today's surprisingly bearish planted acreage report. Today's close2 below the 20-day moving average crossing at 4.49 1/4 confirms that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday's night sessions begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends today's decline, the 50-day moving average crossing at 4.16 3/4 is the next downside target. If December resumes the rally off May's low, monthly resistance crossing at 5.15 is the next upside target. First resistance is June's high crossing at 4.73. Second resistance is monthly resistance crossing at 5.15. First support is the 50-day moving average crossing at 4.16 3/4. Second support is the reaction low crossing at 4.04 1/2.   

December wheat closed down 19 1/2-cents at 5.37 1/4. 

December wheat closed sharply lower on Friday due to spillover technical selling from corn. Today's close below the 20-day moving average crossing at 5.39 3/4 confirms that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are diverging and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends today's decline, the 50-day moving average crossing at 5.02 3/4 is the next downside target. If December extends the rally off May's low, the 75% retracement level of the 2018-2019-decline crossing at 5.86 1/2 is the next upside target. First resistance is the 62% retracement level of the 2018-2019-decline crossing at 5.42 1/2. Second resistance is the 75% retracement level of the 2018-2019-decline crossing at 5.69. First support is the reaction low crossing at 5.29 1/2. Second support is the 50-day moving average crossing at 5.02 3/4.      

December Kansas City Wheat closed down 18 3/4-cents at 4.84 1/2.

December Kansas City wheat closed sharply lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December resumes the decline off June's high, the 50-day moving average crossing at 4.69 1/4 is the next downside target. If December renews the rally off May's low, the 50% retracement level of the 2018-2019-decline crossing at 5.41 1/2 is the next upside target. First resistance is June's high crossing at 5.27 1/4. Second resistance is the 50% retracement level of the 2018-2019-decline crossing at 5.36. First support is the reaction low crossing at 4.76. Second support is the 50-day moving average crossing at 4.69 1/4.  

December Minneapolis wheat closed down 8-cents at 5.67 1/2. 

December Minneapolis wheat closed lower on Friday due to spillover selling pressure from corn. The low-range close sets the stage for a steady to lower opening when Monday's night session begins 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 5.75 3/4 are needed to confirm that a short-term low has been posted. If December renews the rally off April's low, the 50% retracement level of the 2018-2019-decline crossing at 6.00 3/4 is the next upside target. Closes below Monday's low crossing at 5.55 1/2 are needed to renew the decline off June's high. First resistance is the 38% retracement level of the 2018-2019-decline crossing at 5.83 3/4. Second resistance is the 50% retracement level of the 2018-2019-decline crossing at 6.00 3/4. First support is Monday's low crossing at 5.55 1/2. Second support is May's low crossing at 5.29 1/2.    

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

November soybeans closed up 11-cents at 9.23 1/4.

November soybeans closed higher on Friday following today's bullish planted acreage report, which showed a surprising cut in total soybean acres planted. The high-range close sets the stage for a steady to higher opening when Monday'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 November resumes the rally off May's low, March's high crossing at 9.57 1/2 is the next upside target. If November extends the decline off June's high, the 50-day moving average crossing at 8.87 1/4 is the next downside target. First resistance is June's high crossing at 9.48. Second resistance is March's high crossing at 9.57 1/2. First support is Thursday's low crossing at 9.07 3/4. Second support is the 50-day moving average crossing at 8.87 1/4.  

December soybean meal closed up $2.20 at 322.20. 

December soybean meal closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off June's high, the 50-day moving average crossing at 315.30 is the next downside target. If December renews the rally off May's low, the June 2018 high crossing at 346.10 is the next upside target. First resistance is June's high crossing at 336.00. Second resistance is the June 2018 high crossing at 346.10. First support is the 50-day moving average crossing at 315.30. Second support is the reaction low crossing at 301.40.    

December soybean oil closed up 42-pts. at 28.83. 

December soybean oil closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday'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 December resumes the rally off May's low, the 50% retracement level of the February-May-decline crossing at 28.91 is the next upside target. Closes below the 50-day moving average crossing at 28.33 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is last-Friday's high crossing at 29.32. Second resistance is the 50% retracement level of the February-May-decline crossing at 29.50. First support is the reaction low crossing at crossing at 27.60. Second support is May's low crossing at 26.96.     

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

August hogs closed down $1.18 at $76.00. 

August hogs closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday'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 81.15 are needed to confirm that a low has been posted. If August extends this month's decline, the July-2018 low crossing at 69.90 is the next downside target. First resistance is the 10-day moving average crossing at 78.48. Second resistance is the 20-day moving average crossing at 81.15. First support is Monday's low crossing at 73.95. Second support is the July-2018 low crossing at 69.90. 

August cattle closed down $1.00 at 104.35. 

August cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. 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 107.18 are needed to confirm that a short-term low has been posted. If August resumes the decline off March's high, weekly support crossing at 100.40 is the next downside target. First resistance is the reaction high crossing at 107.18. Second resistance is the 50-day moving average crossing at 107.72. First support is Monday's low crossing at 101.97. Second support is weekly support crossing at 100.40.

August Feeder cattle closed up $1.05 at $136.85. 

August Feeder cattle closed high on Friday. The mid-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this week's rally, the 50-day moving average crossing at 142.53 is the next upside target. If August renews the decline off March's high, weekly support crossing at 128.57 is the next downside target. First resistance is the 50-day moving average crossing at crossing at 142.53. Second resistance is the reaction high crossing at 146.05. First support is Monday's low crossing at 130.95. Second support is weekly support crossing at 128.57.  

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

September coffee closed higher on Friday. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off May's low, February's high crossing at 11.56 is the next upside target. Closes below the 50-day moving average crossing at 9.81 would confirm that a short-term top has been posted. 

September cocoa closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish signaling sideways to lower prices are possible near-term. If September extends today's decline, the 50-day moving average crossing at 24.03 is the next downside target. If September resumes the rally off April's low, the July-2018 high crossing at 25.81 is the next upside target.              

October sugar closed lower on Friday. The low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends Thursday's rally, April's high crossing at 13.33 is the next upside target. If October resumes the decline off June's high, the reaction low crossing at 12.04 is the next downside target. 

December cotton posted an inside day with a lower close on Friday as it extends the May-June trading range. The low-range close sets the stage for a steady to lower opening on Monday. 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 68.60 would confirm an upside breakout of the aforementioned trading range. Closes below the reaction low crossing at 64.70 would confirm a downside breakout of the aforementioned trading range.