INO Morning Market Commentary
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Started by tallpine - June 4, 2018, 7:46 a.m.

KEY EVENTS TO WATCH FOR:

 



 

 

Monday, June 4, 2018   

 



 

 

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

 



 

 

                       Business Index (previous 64.3)

 



 

 

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

 



 

 

                       Total Orders, M/M% (expected -0.5%; previous +1.6%)

 



 

 

                       Orders, Ex-Defense, M/M% (previous +1.6%)

 



 

 

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

 



 

 

                       Durable Goods, M/M% (previous +2.6%)

 



 

 

                       Durable Goods, M/M%

 



 

 

10:00 AM ET. May Employment Trends Index

 



 

 

                       ETI (previous 108.08)

 



 

 

                       ETI, Y/Y% (previous +4.9%)

 



 

 

Tuesday, June 5, 2018   

 



 

 

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

 



 

 

                       Chain Store Sales, W/W% (previous +2.2%)

 



 

 

                       Chain Store Sales, M/M% (previous +4.7%)

 



 

 

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 +4.1%)

 



 

 

                       Latest Wk, Y/Y% (previous +4.3%)

 



 

 

9:30 AM ET. SEC Elder Justice Coordinating Committee (EJCC) Meeting

 



 

 

9:45 AM ET. May US Services PMI

 



 

 

                       PMI, Services (previous 54.6)

 



 

 

10:00 AM ET. 1st Quarter Quarterly Financial Report - Retail Trade

 



 

 

10:00 AM ET. April Job Openings & Labor Turnover Survey

 



 

 

10:00 AM ET. SEC Open Meeting

 



 

 

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

 



 

 

                       Non-Mfg Composite Idx (expected 57.6; previous 56.8)

 



 

 

                       Non-Mfg Business Idx (previous 59.1)

 



 

 

                       Prices Idx (previous 61.8)

 



 

 

                       Employment Idx (previous 53.6)

 



 

 

                       New Orders Idx (previous 60.0)

 



 

 

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

 



 

 

                       Economic Optimism Idx (previous 53.6)

 



 

 

                       6-Mo Economic Outlook (previous 51.3)

 



 

 

10:00 AM ET. 1st Quarter Quarterly Financial Report – Industry

 



 

 

11:00 AM ET. May Global Services PMI

 



 

 

                       PMI, Services (previous 53.8)

 



 

 

4:30 PM ET. API Weekly Statistical Bulletin

 



 

 

                       Crude Stocks, Net Chg (Bbls) (previous +1.0M)

 



 

 

                       Gasoline Stocks, Net Chg (Bbls) (previous -1.7M)

 



 

 

                       Distillate Stocks, Net Chg (Bbls) (previous +1.5M)

 



 

 

Wednesday, June 6, 2018  

 



 

 

7:00 AM ET. MBA Weekly Mortgage Applications Survey

 



 

 

                       Composite Idx (previous 356.1)

 



 

 

                       Composite Idx, W/W% (previous -2.9%)

 



 

 

                       Purchase Idx-SA (previous 242.7)

 



 

 

                       Purchase Idx-SA, W/W% (previous -1.9%)

 



 

 

                       Refinance Idx (previous 970.7)

 



 

 

                       Refinance Idx, W/W% (previous -4.7%)

 



 

 

8:30 AM ET. 1st Quarter Revised Productivity & Costs

 



 

 

                       Non-Farm Productivity (expected +0.6%; previous +0.0%)

 



 

 

                       Unit Labor Costs (expected +2.8%; previous +2.5%)

 



 

 

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

 



 

 

                       Trade Balance (USD) (expected -48.6B; previous -48.96B)

 



 

 

                       Exports (USD) (previous 208.53B)

 



 

 

                       Exports, M/M% (previous +2.0%)

 



 

 

                       Imports (USD) (previous 257.48B)

 



 

 

                       Imports, M/M% (previous -1.8%)

 



 

 

10:30 AM ET. EIA Weekly Petroleum Status Report

 



 

 

                       Crude Oil Stocks (Bbl) (previous 434.512M)

 



 

 

                       Crude Oil Stocks, Net Chg (Bbl) (previous -3.62M)

 



 

 

                       Gasoline Stocks (Bbl) (previous 234.431M)

 



 

 

                       Gasoline Stocks, Net Chg (Bbl) (previous +0.534M)

 



 

 

                       Distillate Stocks (Bbl) (previous 114.629M)

 



 

 

                       Distillate Stocks, Net Chg (Bbl) (previous +0.634M)

 



 

 

                       Refinery Usage (previous 93.9%)

 



 

 

                       Total Prod Supplied (Bbl/day) (previous 20.887M)

 



 

 

                       Total Prod Supplied, Net Chg (Bbl/day) (previous +0.234M)

 



 

 

Thursday, June 7, 2018   

 



 

 

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

 



 

 

                       Corn (Metric Tons) (previous 909.3K)

 



 

 

                       Soybeans (Metric Tons) (previous 1491.2K)

 



 

 

                       Wheat (Metric Tons) (previous 309.2K)

 



 

 

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

 



 

 

                       Jobless Claims (expected 220K; previous 221K)

 



 

 

                       Jobless Claims, Net Chg (previous -13K)

 



 

 

                       Continuing Claims (previous 1726000)

 



 

 

                       Continuing Claims, Net Chg (previous -16K)

 



 

 

9:45 AM ET. Bloomberg Consumer Comfort Index

 



 

 

10:00 AM ET. 1st Quarter Quarterly Services

 



 

 

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

 



 

 

                       Working Gas In Storage (Cbf) (previous 1725B)

 



 

 

                       Working Gas In Storage, Net Chg (Cbf) (previous +96B)

 

                        

 

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

 



 

 

2:00 PM ET. SEC Closed Meeting

 



 

 

3:00 PM ET. April Consumer Credit

 



 

 

                       Consumer Credit Net Chg (USD) (expected +14.0B; previous +11.62B)

 



 

 

4:30 PM ET. Federal Discount Window Borrowings

 



 

 

4:30 PM ET. Foreign Central Bank Holdings

 



 

 

4:30 PM ET. Money Stock Measures

 



 

 

Friday, June 8, 2018   

 



 

 

10:00 AM ET. April Monthly Wholesale Trade

 



 

 

                       Inventories, M/M% (expected +0.0%; previous +0.3%)

 



 

 

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



The STOCK INDEXES:The June NASDAQ 100 was higher overnight as it extends the rally off April's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June resumes the rally off the late-April low, March's high crossing at 7214.50 is the next upside target. Closes below the 20-day moving average crossing at 6941.64 would confirm that a short-term top has been posted. First resistance is the 87% retracement level of the March-April-decline crossing at 7098.50. Second resistance is March's high crossing at 7214.50. First support is the 20-day moving average crossing at 6941.64. Second support is the reaction low crossing at 6829.75.    



The June S&P 500 was higher overnight and as poised to breakout to the topside of May's trading range crossing at 2741.00. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June resumes the rally off May's low, March's high crossing at 2806.00 is the next upside target. Closes below the 50-day moving average crossing at 2675.03 are needed to confirm that a short-term top has been posted. First resistance is May's trading range high crossing at 2741.00. Second resistance is March's high crossing at 2806.00. First support is the 50-day moving average crossing at 2675.03. Second support is May's low crossing at 2592.50.     



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



INTEREST RATES: June T-bonds were lower overnight as they consolidate some of the rally off May's low. Stochastics and the RSI are turning bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 143-00 are needed to confirm that a short-term top has been posted. If June renews the rally off May's low, April's high crossing at 147-03 is the next upside target. First resistance is April's high crossing at 147-03. Second resistance is the reaction high crossing at 148-18. First support is the 20-day moving average crossing at 143-00. Second resistance is May's low crossing at 140-05.  



June T-notes were slightly lower overnight as it extends the decline off May's high. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 119.156 would confirm that a short-term top has been posted. If June renews the rally off May's low, February's high crossing at 122.020 is the next upside target. First resistance is May's high crossing at 121.125. Second resistance is February's high crossing at 122.020. First support is the 20-day moving average crossing at 119.156. Second support is May's low crossing at 118.105.   



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



ENERGY MARKETS: JulyNymex crude oil was lower overnight as it extends the decline off May's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If July extends the decline off May's high, April's low crossing at 61.73 is the next downside target. Closes above the 20-day moving average crossing at 69.90 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 68.81. Second resistance is the 20-day moving average crossing at 69.90. First support is the overnight low crossing at 65.27. Second support is April's low crossing at 61.73.  



July heating oil was lower overnight as it extends the decline off May's high. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off May's high, the 50-day moving average crossing at 212.77 is the next downside target. Closes above the 20-day moving average crossing at 222.57 would confirm that a short-term low has been posted. First resistance is May's high crossing at 229.87. Second resistance is the the contract high crossing at 235.75. First support is the overnight low crossing at 215.40. Second support is the 50-day moving average crossing at 212.77. 



July unleaded gas was lower overnight as it extends the decline off May's high. Stochastics and the RSI are becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off May's high, the 50-day moving average crossing at 210.62 is the next downside target. Closes above the 20-day moving average crossing at 219.08 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 219.08. Second resistance is May's high crossing at 228.04. First support is the 50-day moving average crossing at 210.62. Second support is May's low crossing at 205.47. 



July Henry natural gas was slightly lower overnight.Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July renews the rally off May's low, last-October's high crossing at 3.043 is the next upside target. Closes below the 20-day moving average crossing at 2.880 would confirm that a short-term top has been posted. First resistance is May's high crossing at 3.000. Second resistance is last-October's high crossing at 3.043. First support is the 20-day moving average crossing at 2.880. Second support is the 50-day moving average crossing at 2.832.  



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



CURRENCIES:The June Dollar was lower overnight. 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 93.52 are needed to confirm that a short-term top has been posted. If June extends the rally off April's low, the 87% retracement level of the June-2017/February-2018 decline crossing at 95.51 is the next upside target. First resistance is May's high crossing at 94.98. Second resistance is the 87% retracement level of the June-2017/February-2018-decline crossing at 95.51. First support is the 20-day moving average crossing at 93.52. Second support is the reaction low crossing at 92.12.



The June Euro was higher overnight as it consolidates some of this year's decline. 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 117.99 are needed to confirm that a short-term low has been posted. If June renews the decline off April's high, the 62% retracement level of the 2016-2018 rally crossing at 114.66 is the next downside target. First resistance is the 20-day moving average crossing at 117.99. Second resistance is the reaction high crossing at 120.25. First support is the 62% retracement level of the 2016-2018 rally crossing at 114.66. Second support is the 75% retracement level of the 2016-2018 rally crossing at 112.10.



The June British Pound was higher overnight as it consolidates some of the decline off April's high.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 1.3450 are needed to confirm that a short-term low has been posted. If June renews the decline off April's high, last-November's low crossing at 1.3148 is the next downside target. First resistance is the 20-day moving average crossing at 1.3450. Second resistance is the reaction high crossing at 1.3638. First support is May's low crossing at 1.3215. Second support is last October's low crossing at 1.3148.  



The June Swiss Franc was higher overnight as it extends the rally off May's low. Stochastics and the RSI are oversold but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off May's low, the 50-day moving average crossing at 1.0247 is the next upside target. Closes below the 20-day moving average crossing at 1.0063 is the next downside target. First resistance is the 50-day moving average crossing at 1.0247. Second resistance is the 38% retracement level of the February-May-decline crossing at 1.0357. First support is May's low crossing at 0.9972. Second support is monthly support crossing at 0.9833.



The June Canadian Dollar 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 50-day moving averagecrossing at 78.12 are needed to confirm that a short-term low has been posted. If June renews the decline off April's high, March's low crossing at 76.33 is the next downside target.First resistance is May's high crossing at 78.62. Second resistance is April's high crossing at 79.92. First support is May's low crossing at 76.67. Second support is March's low crossing at 76.33.  



The June Japanese Yen was steady to slightly lower overnight. Stochastics and the RSI are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 10-day moving average crossing at 0.9134 would confirm that a short-term top has been posted. If June renews the rally off May's low, the 50-day moving average crossing at 0.9253 is the next upside target. First resistance is the 50-day moving average crossing at 0.9253. Second resistance is the reaction high crossing at 0.9393. First support is the 10-day moving average crossing at 0.9134. Second support is the 87% retracement level of the November-March-rally crossing at 0.8956. 



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



PRECIOUS METALS: June gold was steady to slightly higher overnight. Stochastics and the RSI are turning neutral signaling that sideways to higher prices are possible near-term. Closes above May's high crossing at 1307.20 are needed to confirm that a short-term low has been posted. If June resumes the decline off April's high, the 75% retracement level of the December-January-rally crossing at 1279.80 is the next downside target. First resistance is May's high crossing at 1307.20. Second resistance is the 50-day moving average crossing at 1321.50. First support is the 75% retracement level of the December-January-rally crossing at 1279.20. Second support is the 87% retracement level of the December-January-rally crossing at 1263.70.



July silver was higher overnight as it extends May's trading range. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Closes above May's high crossing at 16.865 or below the reaction low crossing at 16.190 are needed to confirm a breakout of the aforementioned trading range and point the direction of the next trending moving. First resistance is May's high crossing at 16.865. Second resistance is April's high crossing at 17.425. First support is the reaction low crossing at 16.190. Second support is May's low crossing at 16.070.  



June copper gapped up and was higher overnight while extending May's trading range. The high-range 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 May's high crossing at 313.65 would confirm an upside breakout of the aforementioned trading range. If June renews the decline off April's high, March's low crossing at 295.95 is the next downside target. First resistance is May's high crossing at 313.65. Second resistance is April's high crossing at 320.00. First support is May's low crossing at 300.00. Second support is March's low crossing at 295.95. 



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



July corn gapped down and was lower overnight as it extends the decline off May's high. The low-range trade overnight sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off May's high, the late-April low crossing at 3.85 1/4 is the next downside target. Closes above the 20-day moving average crossing at 3.99 1/2 are needed to confirm that a short-term low has been posted. First resistance is May's high crossing at 4.12 1/4. Second resistance is the 75% retracement level of the July-January-decline crossing at 4.16 1/4. First support is the late-April low crossing at 3.85 1/4. Second support is April's low crossing at 3.80 1/4. 



July wheat was lower overnight as it extends the decline off May's high. 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 5.14 3/4 would confirm that a short-term top has been posted while opening the door for additional weakness and a possible test of the 50-day moving average crossing at 5.00 1/4. If July renews the rally off May's low, the 75% retracement level of the July-December-decline crossing at 5.66 1/4 is the next upside target. First resistance is May's high crossing at 5.54. Second resistance is the 75% retracement level of the July-December-decline crossing at 5.66 1/2. First support is the 20-day moving average crossing at 5.14 3/4. Second support is the 50-day moving average crossing at 5.00 1/4.      



July Kansas City Wheat closed down 1 3/4-cents at 5.40 3/4. 



July Kansas City wheat closed lower on Friday as it extended this week's decline. The high-range close sets the stage for a steady to higher opening on Monday. 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 5.23 1/4 would confirm that a short-term top has been posted. If July renews the rally off May's low, the 75% retracement level of the July-December-decline decline crossing at 5.77 is the next upside target. First resistance is May's high crossing at 5.74 3/4. Second resistance isthe 75% retracement level of the July-December-decline crossing at 5.77. First support is the 50-day moving average crossing at 5.23 1/4. Second support is May's low crossing at 5.02 1/2.  



July Minneapolis wheat was lower overnight as it extends the decline off May's high. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off May's high, May's low crossing at 5.99 1/2 is the next downside target. Closes above the 10-day moving average crossing at 6.23 1/4 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 6.23 1/4. Second resistance is May's high crossing at 6.51. First support is May's low crossing at 5.99 1/2. Second support is the late-April low crossing at 5.91 1/4.   



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



July soybeans was lower overnight as it extends the decline off May's high. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the aforementioned decline, May's low low crossing at 9.92 1/2 is the next downside target. Closes above the 50-day moving average crossing at 10.35 1/4 would confirm that a short-term low has been posted. First resistance is May's high crossing at 10.50 3/4. Second resistance is the late-April high crossing at 10.67 1/2. First support is the May 21st gap crossing at 10.07 3/4. Second support is May's low crossing at 9.92 1/2. 



July soybean meal was lower overnight as it extends the decline off May's high. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off May's high, April's low crossing at 367.00 is the next downside target. Closes above last Tuesday's high crossing at 387.60 are needed to confirm that a short-term top has been posted. First resistance is last Tuesday's high crossing at 387.60. Second resistance is May's high crossing at 406.50. First support is the overnight low crossing at 371.00. Second support is April's low crossing at 367.00. 



July soybean oil was slightly lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 31.19 would confirm that a short-term top has been posted. If July renews the rally off May's low, the reaction high crossing at 32.19 is the next upside target. First resistance is the reaction high crossing at 32.19. Second resistance is the reaction high crossing at 33.00. First support is the reaction low crossing at 30.55. Second support is May's low crossing at 30.15. 



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



July hogs closed up $0.75 at $78.80. 



July hogs closed sharply higher on Friday. The high-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 bearish signaling that sideways to lower prices are possible near-term. If July renews the decline off April's high, April's low crossing at 72.52 is the next downside target. If July extends the rally off the late-April low, April's high crossing at 79.10 is the next upside target. First resistance is May's high crossing at 80.25. Second resistance is April's high crossing at 81.32. First support is May's low crossing at 74.97. Second support is April's low crossing at 72.52. 



June cattle closed down $0.15 at 104.90. 



June cattle 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. If June extends the rally off May's low, May's high crossing at 108.10 is the next upside target. If June resumes the decline off May's high, April's low crossing at 97.07 is the next downside target. First resistance is May's high crossing at 108.10. Second resistance is the reaction high crossing at 114.80. First support is the 87% retracement level of 2017's rally crossing at 99.63. Second support is the March 2017 low crossing at 96.40.

 

August Feeder cattle closed down $1.08 at $146.32. 



August Feeder cattle closed lower on Friday as it consolidates some of the rally off May's low. The low-range close sets the stage for a steady to lower opening when Monday's 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 142.82 would confirm that a short-term top has been posted. If August extends the rally off May's low, March's high crossing at 153.88 is the next upside target. First resistance is Thursday's high crossing at 149.50. Second resistance is March's high crossing at 153.88. First support is the 20-day moving average crossing at 142.82. Second support is May's low crossing at 136.25.    



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



July coffee 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. If July extends the rally off May's low, May's high crossing at 12.60 is the next upside target. Closes below the 20-day moving average crossing at 11.86 would confirm that a short-term top has been posted. 



July cocoa closed slightly lower on Friday as it extends the decline off April's high. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off April's high, the 50% retracement level of the December-April-rally crossing at 23.84 is the next downside target. Closes above the 20-day moving average crossing at 26.55 would confirm that a low has been posted.  



July sugar posted a key reversal down on Friday as it consolidated some of the rally off April's low. The low-range close set the stage for a steady to lower 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 July extends the aforementioned rally, the 25% retracement level of the 2016-2018-decline crossing at 13.03 is the next upside target. Closes below the 20-day moving average crossing at 11.88 are needed to confirm that a top has been posted. 



July cotton closed higher on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI 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 87.41 would confirm that a short-term top has been posted. If July extends this year's rally, weekly resistance crossing at 97.35 is the next upside target. 

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By metmike - June 4, 2018, 8:30 a.m.
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Thanks very much tallpine!