KEY EVENTS TO WATCH FOR:

Thursday, October 10, 2019  

8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims Jobless Claims 219K

                       Jobless Claims, Net Chg (previous +4K)

                       Continuing Claims (previous 1651000)

                       Continuing Claims, Net Chg (previous -5K)

8:30 AM ET. September Real Earnings

8:30 AM ET. September CPI

                       CPI, M/M% (previous +0.1%)

                       Core CPI, M/M% (previous +0.3%)

                       Energy Idx, M/M% (previous -1.9%)

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

                       Real Avg Wkly Pay-Infla Adj, M/M% (previous +0.6%)

                       CPI, Y/Y% (previous +1.7%)

                       Core Annual, Y/Y% (previous +2.4%)

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

                       Corn (Metric Tons) (previous 565.1K)

                       Soybeans (Metric Tons) (previous 2076.1K)

                       Wheat (Metric Tons) (previous 328.5K)

9:45 AM ET. Bloomberg Consumer Comfort Index

10:00 AM ET. IMF Global Financial Stability Report analytical chapters published

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

                       Working Gas In Storage (Cbf) (previous 3317B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +112B)

12:00 PM ET. September Monthly U.S. Retail Chain Store Sales Index

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)

2:00 PM ET. September 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, October 11, 2019  

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

                       Import Prices (previous -0.5%)

                       Non-Petroleum Prices (previous +0%)

                       Petroleum Prices (previous -4.8%)

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

                       Mid-Mo Sentiment (previous 92.0)

                       Mid-Mo Expectations (previous 82.4)

                       Mid-Mo Current Idx (previous 106.9

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

The STOCK INDEXES:The December NASDAQ 100 was lower in overnight trading as investors watched fast-moving developments on tariff talks, amid the start of closely watched high-level discussions in Washington between the world’s biggest economies. 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 neutral signaling that choppy trading is possible near-term. Closes above the 20-day moving average crossing at 7777.81 are needed to confirm that a short-term low has been posted. If December resumes the decline off September's high, the August 26^th reaction low crossing at 7390.00 is the next downside target. First resistance is the 20-day moving average crossing at 7777.81. Second resistance is September's high crossing at 8002.50. First support is the August 26^th reaction low crossing at 7390.00. Second support is August's low crossing at 7244.50.

The December S&P 500 was slightly lower in late-overnight trading. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading later this morning.Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Closes above the 20-day moving average crossing at 2963.37 are needed to confirm that a short-term low has been posted. If December resumes the decline off September's high, August's low crossing at 2830.60 is the next downside target. First resistance is the 20-day moving average crossing at 2963.37. Second resistance is the October 1^st high crossing at 2992.00. First support is the October 3^rd low crossing at 2856.00. Second support is August's low crossing at 2830.60.

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

INTEREST RATES: December T-bonds were lower overnight hinting that the rally off September's low might be coming to an end. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the October 1^st reaction low crossing at 160-19 would confirm that a short-term top has been posted. If December extends the rally off September's low, August's high crossing at 166-25 is the next upside target. First resistance is Monday's high crossing at 165-07. Second resistance is August's high crossing at 166-25. First support is the October 1^st low crossing at 160-19. Second support is the September 13^th low crossing at 157-17.

December T-notes were steady to slightly higher overnight. 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 October 1^st low crossing at 129.200 would confirm that a short-term top has been posted. If December extends the rally off September's low, September's high crossing at 132.130 is the next upside target. First resistance is last-Friday's high crossing at 132.010. Second resistance is September's high crossing at 132.130. First support is the October 1^st low crossing at 129.200. Second support is the September 13^th low crossing at 128.160. 

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

November crude oil was slightly higher in late-overnight trading. 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 oversold but remain  neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off September's high, August's low crossing at 50.48 is the next downside target. Closes above the 20-day moving average crossing at 55.58 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 53.28. Second resistance is the 20-day moving average crossing at 55.58. First support is the October 3^rd low crossing at 50.99. Second support is August's low crossing at 50.48.  

November heating oil was steady to slightly higher overnight. 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 neutral to bullish signaling that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 193.79 are needed to confirm that a short-term low has been posted. If November resumes the decline off September's high, September's low crossing at 178.06 is the next downside target. First resistance is the 20-day moving average crossing at 193.79. Second resistance is September's high crossing at 209.35. First support is the October 3^rd low crossing at 182.39. Second support is September's low crossing at 178.06.  

November unleaded gas was higher overnight. 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 neutral to bullish hinting that a low might be in or is near.Closes above the 20-day moving average crossing at 160.29 would confirm that a short-term low has been posted. If November resumes the decline off September's high, the September 12^th low crossing at 149.84 is the next downside target.First resistance is the September 27^th high crossing at 168.24. Second resistance is the September 19th high crossing at 168.24. First support is the September 12^th low crossing at 149.84. Second support is September's low crossing at 143.10.

November Henry natural gas was steady to slightly higher overnight. 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 oversold and remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off September's high, the August 23^rd low crossing at 2.185 is the next downside target. Closes above the 20-day moving average crossing at 2.448 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 2.303. Second resistance is the 20-day moving average crossing at 2.448. First support is the October 3^rd low crossing at 2.207. Second support is the August 23^rd low crossing at 2.185.

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

CURRENCIES:The December Dollar was sharply lower overnight. 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 98.44 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. If December resumes the rally off September's low, weekly resistance crossing at 99.90 is the next upside target. First resistance is the October 1^st high crossing at 99.24. Second resistance is weekly resistance crossing at 99.90. First support is the 20-day moving average crossing at 98.44. Second support is the 50-day moving average crossing at 97.95.  

The December Euro was higher overnight as it extends the rally off last-Tuesday'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 110.48 would confirm that a short-term low has been posted. If December resumes the decline off June's high, monthly support crossing at 109.21 is the next downside target. First resistance is the 20-day moving average crossing at 110.48. Second resistance is the 50-day moving average crossing at 111.34. First support is last-Tuesday's low crossing at 109.39. Second support is monthly support crossing at 109.21.    

The December British Pound was higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session beings 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 September's high, September's low crossing at 1.2008 is the next downside target. Closes above the 20-day moving average crossing at 1.2401 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.2401. Second resistance is the 38% retracement level of the February-September-decline crossing at 1.2595. Third resistance is the 50% retracement level of the February-September-decline crossing at 1.2776. First support is Tuesday's low crossing at 1.2224. Second support is September's low crossing at 1.2008.

The December Swiss Franc was higher overnight. 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 1.0131 are needed to confirm that a short-term low has been posted. If December resumes the decline off August's high, May's low crossing at 1.0000 is the next downside target. First resistance is the 20-day moving average crossing at 1.0131. Second resistance is the 50-day moving average crossing at 1.0227. First support is last-Thursday's low crossing at 1.0029. Second support is May's low crossing at 1.0000.

The December Canadian Dollar was steady to slightly higher overnight as it extends the trading range of the past five-days. 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 September's high, September's low crossing at 74.84 is the next downside target. Closes above the 20-day moving average crossing at 75.37 would temper the near-term bearish outlook.First resistance is the October 2^ndhigh crossing at 75.80. Second resistance is September's high crossing at 76.23. First support is last-Thursday's low crossing at 74.98. Second support is September's low crossing at 74.84.

The December Japanese Yen was steady to slightly higher overnight. The mid-range overnight trade 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 December resumes the decline off August's high, August's low crossing at 0.0924 is the next downside target. Multiple closes above the 50-day moving average crossing at 0.0942 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 0.0942. Second resistance is September's high crossing at 0.0952. First support is the October 1^st low crossing at 0.0927. Second support is August's low crossing at 0.0924.

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

PRECIOUS METALS: December gold was steady to slightly higher overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off the October 1^st low, the reaction high crossing at 1543.30 is the next upside target. If December resumes the decline off September's high, the 38% retracement level of the May-September rally crossing at 1459.80 is the next downside target. First resistance is the reaction high crossing at 1543.30. Second resistance is September's high crossing at 1566.20. First support is the 38% retracement level of the May-September rally crossing at 1459.80. Second support is the 50% retracement level of the May-September rally crossing at 1426.60.

December silver was steady to slightly higher overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. 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 17.800 are needed to confirm that a short-term low has been posted. If December resumes the decline off September's high, the 62% retracement level of the June-September-rally crossing at 16.547 is the next downside target.First resistance is the September 24^th high crossing at 18.810. Second resistance is September's high crossing at 19.750. First support is the 62% retracement level of the June-September-rally crossing at 16.547. Second support is the 75% retracement level of the June-September-rally crossing at 15.859.

December copper was higher overnight. 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 neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 259.57 would confirm that a short-term low has been posted. If December extends the decline off September's high, September's low crossing at 248.20 is the next downside target. First resistance is September's high crossing at 270.65. Second resistance is July's high crossing at 280.50. First support is the October 1^st low crossing at 251.50. Second support is September's low crossing at 248.20.     

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

December corn was steady to higher overnight as it consolidates above the August 13^th gap crossing at 3.92 3/4. The high-range trade overnight 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. If December extends the rally off September's low, the 38% retracement level of the June-September-decline crossing at 3.98 1/2 is the next upside target. Closes below the 20-day moving average crossing at 3.80 would temper the near-term friendly outlook. First resistance is the 38% retracement level of the June-September-decline crossing at 3.98 1/2. Second resistance is the 50% retracement level of the June-September-decline crossing at 4.12 3/4. First support is the 20-day moving average crossing at 3.80. Second support is the September 26^th low crossing at 3.68 1/4.      

December wheat was higher overnight as it extends the rally off September'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. If December extends the rally off September's low, August's high crossing at 5.06 1/4 is the next upside target. Closes below the 20-day moving average crossing at 4.89 1/4 would confirm that a short-term top has been posted. First resistance is August's high crossing at 5.06 1/4. Second resistance is July's high crossing at 5.43. First support is the 20-day moving average crossing at 4.89 1/4. Second support is the 50-day moving average crossing at 4.82.   

December Kansas City Wheat closed up 3-cents at 4.13 1/4.

December Kansas City wheat closed higher on Wednesday as it extends the August-October trading range. The mid-range close sets the stage for a steady to higher opening when Thursday night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the September 30^th high crossing at 4.20 would confirm an upside breakout of the August-October trading range while opening the door for additional gains near-term. Closes below Wednesday's low crossing at 3.98 3/4 would confirm that a short-term top has been posted. First resistance is the September 30^th high crossing at 4.20. Second resistance is the 38% retracement level of the June-September-decline crossing at 4.36 1/2. First support is Wednesday's low crossing at 3.98 3/4. Second support is September's low crossing at 3.81. 

December Minneapolis wheat was higher overnight. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off September's low, the 75% retracement level of the June-September decline crossing at 5.66 1/4 is the next upside target. Closes below the 20-day moving average crossing at 5.32 1/2 would confirm that a short-term top has been posted. First resistance is the 75% retracement level of the June-September decline crossing at 5.66 1/4. Second resistance is the 87% retracement level of the June-September decline crossing at 5.79. First support is the 20-day moving average crossing at 5.32 1/2. Second support is the 50-day moving average crossing at 5.21 1/4. 

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

November soybeans were higher in overnight trading as it extends the rally off September'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. If November extends the rally off September's low, July's high crossing at 9.36 1/2 is the next upside target. Closes below the 20-day moving average crossing at 9.02 1/4 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 9.31 1/2. Second resistance is July's high crossing at 9.36 1/2. First support is the 10-day moving average crossing at 9.12 3/4. Second support is the 20-day moving average crossing at 9.02 1/4.  

December soybean meal was higher overnight as it extends the rally off September'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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 50% retracement level of the June-September decline crossing at 313.80 is the next upside target. Closes below the 20-day moving average crossing at 301.00 would confirm that a short-term top has been posted. First resistance is the 50% retracement level crossing at 313.80. Second resistance is the 62% retracement level of the June-September decline crossing at 319.00. First support is the 20-day moving average crossing at 301.00. Second support is September's low crossing at 292.00.    

December soybean oil was higher overnight. 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 29.15 would confirm that a short-term top has been posted. If December extends the rally off September's low, September's high crossing at 30.41 is the next upside target. First resistance is Monday's high crossing at 30.19. Second resistance is September's high crossing at 30.41. First support is the September 27^th low crossing at 28.75. Second support is September's low crossing at 28.20.