KEY EVENTS TO WATCH FOR:

Thursday, September 12, 2019 

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

                       Jobless Claims (expected 215K; previous 217K)

                       Jobless Claims, Net Chg (previous +1K)

                       Continuing Claims (previous 1662000)

                       Continuing Claims, Net Chg (previous -39K)

8:30 AM ET. August CPI

                       CPI, M/M% (expected +0.1%; previous +0.3%)

                       Core CPI, M/M% (expected +0.2%; previous +0.3%)

                       Energy Idx, M/M% (previous +1.3%)

                       Food Idx, M/M% (previous +0%)

                       Real Avg Wkly Pay-Infla Adj, M/M% (previous -0.3%)

                       CPI, Y/Y% (expected +1.8%; previous +1.8%)

                       Core Annual, Y/Y% (expected +2.3%; previous +2.2%)

8:30 AM ET. August Real Earnings

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

                       Corn (Metric Tons) (previous 251K)

                       Soybeans (Metric Tons) (previous 857.8K)

                       Wheat (Metric Tons) (previous 312.1K)

9:45 AM ET. Bloomberg Consumer Comfort Index

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

                       Working Gas In Storage (Cbf) (previous 2941B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +84B)

12:00 PM ET. World Agricultural Supply & Demand Estimates (WASDE)

                       Corn, End Stocks (Bushels)

                       Soybeans, End Stocks (Bushels)

                       Wheat, End Stocks (Bushels)

                       Cotton, End Stocks (Bales)

12:30 PM ET. SEC Closed Meeting

2:00 PM ET. August Monthly Treasury Statement of Receipts & Outlays of the U.S. Govt

4:30 PM ET. Money Stock Measures

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings

Friday, September 13, 2019  

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

                       Overall Sales-SA, M/M% (expected +0.2%; previous +0.7%)

                       Sales, Ex-Auto, M/M% (expected +0.2%; previous +1.0%)

                       Sales, Ex-Auto & Gas, M/M% (previous +0.9%)

8:30 AM ET. August Import & Export Price Indexes

                       Import Prices (expected -0.4%; previous +0.2%)

                       Non-Petroleum Prices (previous +0%)

                       Petroleum Prices (previous +1.9%)

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

                       Total Inventories (expected +0.3%; previous +0.0%)

10:00 AM ET. September University of Michigan Survey of Consumers – preliminary

                       Mid-Mo Sentiment (expected 91.0; previous 92.1)

                       Mid-Mo Expectations (previous 82.3)

                       Mid-Mo Current Idx (previous 107.4)

Monday, September 16, 2019  

8:30 AM ET. September Empire State Manufacturing Survey

                       Mfg Idx (previous 4.8)

                       Employment Idx (previous -1.6)

                       New Orders Idx (previous 6.7)

                       Prices Received (previous 4.5)

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

The September NASDAQ 100 closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday'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 the August 26^th low, July's high crossing at 8051.75 is the next upside target. Closes below the 20-day moving average crossing at 7681.54 would confirm that a short-term top has been posted. First resistance is today's high crossing at 7916.00. Second resistance is July's high crossing at 8051.75. First support is the 20-day moving average crossing at 7681.54. Second support is the 62% retracement level of the June-July-rally crossing at 7380.01. Third support is the 75% retracement level of the June-July-rally crossing at 7237.04. 

The September S&P 500 closed higher on Wednesday as it extends the rally off August's low. The high-range close sets the stage for a steady to higher opening when Thursday'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 August's low, July's high crossing at 3029.00 is the next upside target. Closes below the 20-day moving average crossing at 2916.88 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 2995.50. Second resistance is July's high crossing at 3029.00. First support is the 20-day moving average crossing at 2916.88. Second support is the 75% retracement level of the June-July-rally crossing at 2809.83. Third support is August's low crossing at 2776.30.  

The Dow closed higher on Wednesday as investors are turning defensive and momentum-driven stocks to cyclical and value-oriented ones, and awaited news on central bank stimulus plans and international trade negotiations. The high-range close sets the stage for a steady to higher opening when Thursday'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 the Dow extends the rally off August's low, July's high crossing at 27,398.68. Closes below the 20-day moving average crossing at 26,220.10 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 27,060.85. Second resistance is July's high crossing at 27,398.68. First support is the 10-day moving average crossing at 26,560.00. Second support is the 20-day moving average crossing at 26,220.10.

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

December T-bonds closed down 27/32's at 160-20.

December T-bonds closed lower on Wednesday as it extends the decline off August's high. The low-range close sets the stage for a steady to lower opening when Thursday'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 December extends the aforementioned decline, the 50-day moving average crossing at 159-05 is the next downside target. Closes above the 20-day moving average crossing at 164-06 is the next upside target. First resistance is the 20-day moving average crossing at 164-06. Second resistance is August's high crossing at 167-18. First support is today's low crossing at 160-12. Second support is the 50-day moving average crossing at 159-05.          

December T-notes closed down 105-pts. At 129.265.

December T-notes closed lower on Wednesday as it extends the decline off last-Tuesday's high. The low-range close sets the stage for a steady to lower opening when Thursday'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 December extends the decline off last-Tuesday's high, the 50-day moving average crossing at 129.209 is the next downside target. Closes above the 20-day moving average crossing at 131.101 would confirm that a short-term low has been posted. First resistance is last-Tuesday's high crossing at 131.195. Second resistance is weekly resistance crossing at 132.016. First support is today's low crossing at 129.245. Second support is the 50-day moving average crossing at 129.209.        

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

October crude oil closed lower on Wednesday as a report that President Donald Trump is considering easing sanctions on Iran raised the possibility of the return of the country’s crude to the world market. The president discussed easing sanctions on Iran in a move to secure a meeting with Iranian President Hassan Rouhani later this month. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Friday's low crossing at 54.83 would confirm that a short-term top has been posted. If October extends the rally off August's low, July's high crossing at 60.93 is the next upside target. First resistance is Tuesday's high crossing at 58.76. Second resistance is the July's high crossing at 60.93.First support last-Tuesday's low crossing at 52.84. Second support is August's low crossing at 50.50.   

October heating oil closed lower on Wednesday as it consolidates some of the rally off last-Tuesday's low. The low-range close sets the stage for a steady to lower opening when Thursday's night trading session begins. Stochastics and the RSI are overbought but 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 185.86 would confirm that a short-term top has been posted. If October extends the rally off last-Tuesday's low, the late-July high crossing at 198.13 is the next upside target. First resistance is Tuesday's high crossing at 196.24. Second resistance is the late-July high crossing at 198.13. First support is last-Tuesday's low crossing at 177.70. Second support is August's low crossing at 175.15. 

October unleaded gas posted a key reversal down on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that a short-term top might be in or is near. Closes above the 50-day moving average crossing at 160.60 are needed to confirm that a short-term low has been posted. Closes below last-Friday's low crossing at 150.93 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 160.60. Second resistance is the late-July high crossing at 171.47. First support is last-Tuesday's low crossing at 144.75. Second support is the December-2018 low crossing at 130.42.

October Henry natural gas closed lower due to profit taking on Wednesday as it consolidated some of the rally off August's low. The low-range close sets the stage for a steady to lower opening when Thursday'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 October extends the aforementioned rally, the 75% retracement level of the March-August decline crossing near 2.763 is the next upside target. Closes below the 20-day moving average crossing at 2.309 would confirm that a short-term top has been posted. First resistance is the 62% retracement level of the March-August decline crossing at 2.636. Second resistance is the 75% retracement level of the March-August decline crossing near 2.763. First support is the 10-day moving average crossing at 2.425. Second support is the 20-day moving average crossing at 2.309.        

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

The December Dollar closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday'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 renews the rally off June's low, weekly resistance crossing at 99.90 is the next upside target. Closes below last-Thursday's low crossing at 97.58 would confirm that a short-term top has been posted. First resistance is last-Tuesday's high crossing at 98.90. Second resistance is weekly resistance crossing at 99.90. First support is last-Thursday's low crossing at 97.58. Second support is the 50-day moving average crossing at 97.23.

The December Euro closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to higher prices are possible near-term. If December renews the decline off August's high, weekly support crossing at 109.21 is the next downside target. Closes above the 20-day moving average crossing at 111.54 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 111.54. Second resistance is the 50-day moving average crossing at 112.53. First support is last-Tuesday's low crossing at 110.13. Second support ismonthly support crossing at 109.21.

The December British Pound posted an inside day with a lower close on Wednesday as it consolidates above the 50-day moving average crossing at 1.2361. The low-range close sets the stage for a steady to lower opening when Thursday'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 December extends the rally off last-Tuesday's low, the 38% retracement level of the February-September decline crossing at 1.2592 is the next upside target. If December renews the decline off June's high, monthly support crossing at 1.1965 is the next downside target. First resistance is Monday's high crossing at 1.2434. Second resistance is the 38% retracement level of the February-September decline crossing at 1.2592. First support is last-Tuesday's low crossing at 1.2008. Second support is monthly support crossing at 1.1965.  

The December Swiss Franc closed lower on Thursday. The mid-range close sets the stage for a steady to lower opening when Thursday'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 December extends the decline off August's high, the 75% retracement level of the May-August-rally crossing at 1.0114 is the next downside target. Closes above the 20-day moving average crossing at 1.0269 would confirm that a short-term low has been posted. First resistance is the August 26th high crossing at 1.0314. Second resistance is August's high crossing at 1.0384. First support is today's low crossing at 1.0141. Second support is the 75% retracement level of the May-June-rally crossing at 1.0114.

The December Canadian Dollar closed lower on Wednesday as it consolidated some of the rally off last-Tuesday's low. The low-range close sets the stage for a steady to lower opening when Thursday'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 December extends the rally off last-Tuesday's low, the July 31^st reaction high crossing at 76.37 is the next upside target. Closes below the 20-day moving average crossing at 75.48 would confirm that a short-term top has been posted. First resistance is the July 31^st reaction high crossing at 76.37. Second resistance is July's high crossing at 76.92. First support is the 20-day moving average crossing at 75.48. Second support is last-Tuesday's low crossing at 74.84. Third support is the reaction low crossing at 74.72.   

The December Japanese Yen closed lower on Wednesday as it extended the decline off July's high. The low-range close sets the stage for a steady to lower opening when Thursday’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 December extends the aforementioned decline, August's low crossing at 0.0918 is the next downside target. Closes above the 20-day moving average crossing at 0.0946 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.0946. Second resistance is July's high crossing at 0.0965. First support is today's low crossing 0.0933. Second support is August's low crossing at 0.0924.  

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

October gold closed higher on Wednesday as it consolidated some of the decline off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening when Thursday'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 October extends the decline off last-Wednesday's high, the 50-day moving average crossing at 1474.20 is the next downside target. If October renews the rally off May's low, the 62% retracement level of the 2011-2015-decline on the weekly continuation chart crossing at 1588.20 is the next upside target. First resistance is last-Wednesday's high crossing at 1559.80. Second resistance is the 62% retracement level of the 2011-2015-decline on the weekly continuation chart crossing at 1588.20. First support is today's low crossing at 1486.80. Second support is the 50-day moving average crossing at 1474.20.

December silver closed higher on Wednesday. The high-range close set the stage for a steady to higher opening when Thursday'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 17.999 are needed to confirm that a short-term top has been posted. If December resumes the rally off May's low, the 75% retracement of the 2016-2018 decline crossing at 19.803 is the next upside target. First resistance is last-Wednesday's high crossing at 19.750. Second resistance is the 75% retracement level of the 2016-2018 decline crossing at 19.803. First support is the 20-day moving average crossing at 17.999. Second support is the 50-day moving average crossing at 16.938.          

December copper closed slightly lower on Wednesday as it consolidates below the 50-day moving average crossing at 263.56. The low-range close sets the stage for a steady to lower opening when Thursday'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. Closes above the 50-day moving average crossing at 263.56 are needed to open the door for a larger-degree rally off last-Tuesday's low. If December renews the decline off July's high, weekly support crossing at 234.12 is the next downside target. First resistance is the 50-day moving average crossing at 263.56. Second resistance is July's high crossing at 280.50. First support is last-Tuesday's low crossing at 248.20. Second support is weekly support crossing at 234.12.  

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

December Corn closed down 2 1/2-cents at 3.59 1/2. 

December corn closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night sessions begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 3.66 1/2 are needed to confirm that a short-term low has been posted. If December extends the decline off July'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 1/2. Second resistance is the August 13^th gap crossing at 3.92 3/4. First support is Monday's low crossing at 3.52 1/4. Second support is psychological support crossing at 3.50.  

December wheat closed down 5 3/4-cents at 4.76 1/2. 

December wheat closed lower on Tuesday as it extends the rally off last-Tuesday's low. The high-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off last-Tuesday's low, the 50-day moving average crossing at 4.92 1/4 is the next upside target. If December resumes the decline off June's high, May's low crossing at 4.42 1/4 is the next downside target. First resistance is Tuesday's high crossing at 4.83 1/2. Second resistance is the 50-day moving average crossing at 4.92 1/4 is the next upside target. First support is last-Tuesday's low crossing at 4.50 1/2. Second support is May's low crossing at 4.42 1/4.     

December Kansas City Wheat closed down 5 1/4-cents at 3.98 1/2.

December Kansas City wheat closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the decline off June's high, weekly support crossing at 3.74 1/4 is the next downside target. First resistance is the reaction high crossing at 4.09 1/2. Second resistance is the 50-day moving average crossing at 4.30 1/4. First support is last-Tuesday's low crossing at 3.81. Second support is weekly support crossing at 3.74 1/4.  

December Minneapolis wheat closed down 1 1/2-cents at 5.02 1/4. 

December Minneapolis wheat closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday'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 5.06 1/2 are needed to confirm that a short-term low has been posted. If December resumes the decline off June's high, monthly support crossing at 4.80 1/4 is the next downside target. First resistance is the 20-day moving average crossing at 5.06 1/2. Second resistance is the 50-day moving average crossing at 5.26. First support is last-Tuesday's low crossing at 4.86 1/2. Second support is monthly support crossing at 4.80 1/4.    

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

November soybeans closed down 4-1/2 cents at 8.67 1/2.

November soybeans closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 50-day moving average crossing at 8.84 1/2 are needed to confirm that a short-term low has been posted. If November extends the decline off June's high, the 75% retracement level of the May-June-rally crossing at 8.48 1/2 is the next downside target. First resistance is the 50-day moving average crossing at 8.84 1/2. Second resistance is the reaction high crossing at 8.96 3/4. First support is the 75% retracement level of the May-June-rally crossing at 8.48 1/2. Second support is the 87% retracement level of the May-June-rally crossing at 8.32 1/2.  

December soybean meal closed down $3.30 at 294.80. 

December soybean meal closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 50-day moving average crossing at 304.70 would confirm that a short-term low has been posted. If December extends the decline off June's high, May's low crossing at 291.60 is the next downside target. First resistance is the 50-day moving average crossing at 304.70. Second resistance is the reaction high crossing at 306.30. First support is Monday's low crossing at 292.00. Second support is May's low crossing at 291.60.   

December soybean oil closed up 32-pt. at 28.85. 

December soybean oil closed higher on Wednesday. The high-range close sets the stage for a steady to lower opening when Thursday'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 last-Wednesday's high crossing at 29.14 would confirm that a short-term low has been posted. If December renews the decline off August's high, August's low crossing at 27.88 is the next downside target. First resistance is August's high crossing at 30.25. Second resistance is the 75% retracement level of the February-May-decline crossing at 30.79. First support is August's low crossing at 27.88. Second support is May's low crossing at crossing at 26.96.      

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

October hogs closed down $2.55 at $60.18. 

October hogs closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends today's decline, August's low crossing at 59.30 is the next downside target. Closes above the 50-day moving average crossing at 69.03 is the next upside target. First resistance is last-Thursday's high crossing at 68.00. Second resistance is the 50-day moving average crossing at 69.03. First support is August's low crossing at 59.30. Second support the July-2018 low crossing at 58.20.  

October cattle closed up $2.35 at 98.50. 

October cattle closed sharply higher on Wednesday as it consolidates some of the decline off July's high. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI have turned neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 98.63 would confirm that a short-term low has been posted. If October extends the decline off July's high, weekly support crossing at 83.42 is the next downside target. First resistance is the 20-day moving average crossing at 98.63. Second resistance is the August 13th gap crossing at 103.75. First support is Monday's low crossing at 93.40. Second support is weekly support crossing at 83.42. 

October Feeder cattle closed up $2.98 at $134.03. 

October Feeder cattle closed sharply higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's session begins trading. Stochastics and the RSI have turned neutral to higher signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 137.32 would confirm that a low has been posted. If October renews the decline off July's high, weekly support crossing at 126.09 is the next downside target. First resistance is the 50-day moving average crossing at 137.32. Second resistance is July's high crossing at 144.43. First support is August's low crossing at 127.32. Second support is weekly support crossing at 126.09.    

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

December coffee closed higher on Wednesday and above the 50-day moving average crossing at 10.28. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the 50% retracement level of the July-August-decline crossing at 10.64 is the next upside target. If December resumes the decline off July's high, weekly support crossing at 8.76 is the next downside target.     

December cocoa closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to higher prices are possible near-term. If December extends the rally off August's low, the 50-day moving average crossing at 23.54 is the next upside target. If December resumes the decline off July's high, last-October's low crossing at 20.83 is the next downside target. 

October sugar closed lower on Wednesday as it extends the decline off April's high. The low-range close set the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off June's high, weekly support crossing at 10.12 is the next downside target. Closes above the 20-day moving average crossing at 11.27 would confirm that a low has been posted. 

December cotton closed slightly higher on Wednesday as it extends the trading range of the past five-weeks. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the reaction high crossing at 60.25 are needed to confirm that a low has been posted. If December renews this year's decline, monthly support crossing at 54.38 is the next downside target.