KEY EVENTS TO WATCH FOR:

Monday, September 7, 2020 

  N/A              Marianas: Labor Day

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

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

The Dow closed lower on Friday as it extended Thursday's sharp decline that marked a key reversal down with today's lower close. A rebound in the afternoon session tempered some of today's losses. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Today's close below the 20-day moving average crossing at 28,144.04 confirms that a short-term top has been posted. If the Dow extends this week's sharp decline, the 50-day moving average crossing at 27,107.74 is the next downside target. If the Dow renews this summer's rally, February's high crossing at 29,568.57 is the next upside target. First resistance is Thursday's high  crossing at 29,199.35. Second resistance is February's high crossing at 29,568.57. First support is today's low crossing at  27,664.68. Second support is the 50-day moving average crossing at 27,107.74.  

The September NASDAQ 100 closed sharply lower on Friday as it extended the sell off from Wednesday's high. An afternoon rebound tempered some of today's losses and the mid-range close sets the stage for a steady to slightly lower opening when Tuesday's night session begins trading. Closes below the 20-day moving average crossing at 11,602.70 are needed to confirm that a short-term top has been posted. If September resumes the rally off March's low into uncharted territory, upside targets will be hard to project. First resistance is Wednesday's high crossing at 12,465.25. Second resistance is unknown. First support is the 20-day moving average crossing at 11,602.70. Second support is the 50-day moving average crossing at 11,042.12.  

The September S&P 500 closed lower on Friday as it extended Thursday's sharp sell off. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 3427.82 would confirm that a short-term top has been posted. If September renews this year's rally into uncharted territory, upside targets will be hard to project. First resistance is Wednesday's high crossing at 3579.20. Second resistance is unknown. First support is the 20-day moving average crossing at 3427.82. Second support is the 50-day moving average crossing at 3293.68.

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

September T-bonds closed closed down 2-09/32's at 177-08.

September T-bonds closed sharply lower on Friday as it ended the rally off last-Friday's low. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September renews the decline off August's high, the June 16^th low crossing at 174-29 is the next downside target. Multiple closes above the 50-day moving average crossing at 179-18 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 179-18. Second resistance is August's high crossing at 183-06. First support is last-Friday's low crossing at 175-05. Second support is the June 16^th low crossing at 174-29.

September T-notes closed down 205-pts. At 139.090.

September T-notes closed sharply lower on Friday as it consolidated some of the rally off last-Friday's low. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September resumes the decline off August's high, the June 16th low crossing at 138.070 is the next downside target. If September extends this week's rally, August's high crossing at 140.130 is the next upside target. First resistance is Thursday's high crossing at 140.005. Second resistance is August's high crossing at 140.130. First support is last-Friday's low crossing at 138.230. Second support is the June 16th low crossing at 138.070.          

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

October crude oil closed lower on Friday as concerns over weak demand continued to pressure the market. Monthly U.S. employment data came in better than the market expected, but put pressure on oil prices due to a rise in the U.S. dollar.The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends this year's decline, the July 30^th low crossing at $39.00 is the next downside target. Closes above the 20-day moving average crossing at $42.47 would signal that a short-term low has been posted. First resistance is last-Wednesday's high crossing at $43.78. Second resistance is the 62% retracement level of the January-April-decline crossing at $46.44. First support is today's low crossing at $39.35. Second support is the July 30th low crossing at $39.00. 

October heating oil closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Tuesday's night trading session begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends this week's decline, the  June 12^th low crossing at $112.57 is the next downside target. Closes above the 50-day moving average crossing at $125.18 would confirm that a short-term low has been posted. First resistance is August's high crossing at $131.92. Second resistance is the 38% retracement level of the January-April-decline crossing at $133.94. First support is Thursday's low crossing at $113.84. Second support is the June 12^th low crossing at $112.57.

October unleaded gas closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 117.02 would confirm that a short-term top has been posted. If October renews the rally off April's low, the 62% retracement level of the January-March-decline crossing at 130.29 is the next upside target. First resistance is Tuesday's high crossing at 129.41. Second resistance is 62% retracement level of the January-March-decline decline crossing at 130.29. First support is the 50-day moving average crossing at 117.02. Second support is the July 30^th low crossing at 106.14.  

October Henry natural gas posted a key reversal up on Friday signaling that a short-term low might be in or is near. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September renews the rally off July's low, the November-2017 high crossing at 2.815 is the next upside target. If October extends this week's decline, the August 12^th low crossing at 2.228 is the next downside target. First resistance is August's high crossing at 2.743. Second resistance is the November-2017 high crossing at 2.815. First support is the August 12^th low crossing at 2.228. Second support is the 50-day moving average crossing at 2.191.  

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

The September Dollar closed slightly lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the August 3^rd high crossing at 93.98 are needed to confirm that a short-term low has been posted. If September renews this year's decline, long-term support on the monthly continuation chart crossing at 90.21 is the next downside target. First resistance is the August 3^rd high crossing at 93.98. Second resistance is the 50-day moving average crossing at 94.33. First support is Tuesday's low crossing at 91.72. Second support is long-term support on the monthly continuation chart crossing at 90.21. 

The September Euro closed slightly lower on Friday while extending the August-September trading range. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the August 3^rd low crossing at 117.07 would confirm that a short-term top has been posted. If September extends the rally off March's low, the 50% retracement level of the 2018-2020 decline crossing at 120.83 is the next upside target. First resistance is Tuesday's high crossing at 120.15. Second resistance is the 50% retracement level of the 2018-2020 decline crossing at 120.83. First support is the August 3rd low crossing at 117.07. Second support is the 50-day moving average crossing at 116.55. 

The September British Pound closed slightly higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the August 24th low crossing at 1.3056 would confirm that a short-term top has been posted. If September extends the rally off June's low, the February-2019 high crossing at 1.3639 is the next upside target. First resistance is Tuesday's high crossing at 1.3483. Second resistance is the February-2019 high crossing at 1.3639. First support is the August 24^th low crossing at 1.3056. Second support is the 50-day moving average crossing at 1.2912. 

The September Swiss Franc closed lower on Friday as it extends this week's decline. The mid-range close sets the stage for a steady to lower opening when Friday'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-term. Closes below the August 20th low crossing at 1.0921 are needed confirm that a short-term top has been posted. If September resumes the rally off May's low, the 62% retracement level of the 2018-2020 crossing at 1.1178 is the next upside target. First resistance is Monday's high crossing at 1.1117. Second resistance  is the 62% retracement level of the 2018-2020 crossing at 1.1178. First support is the August 20th low crossing at 1.0921. Second support is the August 12^th low crossing at 1.0881.

The September Canadian Dollar closed higher on Friday.The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral signaling that sideways to higher prices are possible near-term. If September renews the rally off March's low, January's high crossing at 77.16 is the next upside target. Closes below the 20-day moving average crossing at 75.93 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 76.96. Second resistance is January's high crossing at 77.15. First support is the 20-day moving average crossing at 75.93. Second support is the 50-day moving average crossing at 74.87. 

The September Japanese Yen 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If September renews the decline off August's high, the July 20^th low crossing at 0.0930 is the next downside target. If September renews the rally off August's low, July's high crossing at 0.0960 is the next upside target. First resistance is the August 19th high crossing at 0.0952. Second resistance is July's high crossing at 0.0960. First support is August's low crossing at 0.0934. Second support is the July 20^th low crossing at 0.0930.

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

October gold closed slightly higher on Friday as it extends the trading range of the past four-weeks.The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off August's high, the 50-day moving average crossing at $1910.60 is the next downside target. If October resumes the rally off August's low, August's high crossing at $2078.00 is the next upside target. First resistance is the August 18th high crossing at  $2016.60. Second resistance is August's high crossing at $2078.00. First support is the 25% retracement level of the 2018-2020-rally crossing at $1882.10. Second support is the 38% retracement level of the 2018-2020-rally crossing at $1775.80.

September silver closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the August 25th low crossing at 26.130 would confirm that a short-term top has been posted. If September renews the rally off June's low, the 50% retracement level of the 2011-2020 decline on the weekly continuation chart crossing at 30.727 is the next upside target. First resistance is August's high crossing at 29.915. Second resistance isthe 50% retracement level of the 2011-2020 decline on the weekly continuation chart crossing at 30.727. First support is the August 25th low crossing at 26.130. Second support is the 50-day moving average crossing at 23.906.   

September copper closed sharply higher on Friday as it erased all of this week's losses. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off August's low, the 87% retracement level of the 2018-2020 decline crossing at 322.93 is the next upside target. Closes below the 50-day moving average crossing at 289.67 would confirm that a short-term top has been posted. First resistance is the 75% retracement level of the 2018-2020 decline crossing at 305.84. Second resistance is the 87% retracement level of the 2018-2020 decline crossing at 322.93. First support is the 20-day moving average crossing at 294.75. Second support is the 50-day moving average crossing at 289.67.

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

December Corn closed up $0.03 1/2-cents at $3.57 1/4. 

December corn closed higher on Friday as it extends this week's trading range.The high-range close sets the stage for a steady to higher opening when Tuesday's night sessions 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 $3.45 3/4 would confirm that a short-term top has been posted. If December renews the rally off August's low, the 50% retracement level of the 2019-2020-decline crossing at $3.72 is the next upside target. First resistance is Monday's high crossing at $3.64 1/4. Second resistance is the 50% retracement level of the 2019-2020-decline crossing at $3.72. First support is the 20-day moving average crossing at $3.45 3/4. Second support is the 50-day moving average crossing at $3.40 1/4.    

December wheat closed down $0.01 3/4-cents at $5.51 1/2.  

December wheat closed lower on Friday as it consolidated some of the rally off August's low. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $5.31 1/4 would signal that a short-term top has been posted. If December extends the rally off August's low, the 87% retracement level of the January-June-decline crossing at $5.84 is the next upside target. First resistance is Tuesday's high crossing at $5.68 1/2. Second resistance is the 87% retracement level of the March-June-decline crossing at $5.84. First support is the 10-day moving average crossing at $5.48 1/4. Second support is the 20-day moving average crossing at $5.31 1/4.       

December Kansas City Wheat closed down $0.01 3/4-cents at $4.74.

December Kansas City wheat closed lower due to profit taking on Friday as it consolidates some of the  rally off August's low. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible. If December resumes the rally off August's low, the June's high  crossing at $4.95 is the next upside target. Closes below the 20-day moving average crossing at $4.55 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at $4.90 3/4. Second resistance is June's high crossing at $4.95. First support is the 10-day moving average crossing at $4.69 3/4. Second support is the 20-day moving average crossing at $4.55.      

December Minneapolis wheat closed down $0.04 3/4-cents at $5.42 1/2. 

December Minneapolis wheat closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, June's high crossing at $5.54 1/4 is the next upside target. Closes below the 20-day moving average crossing at $5.26 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at $5.49 1/2. Second resistance is June's high crossing at $5.54 1/4. First support is the 10-day moving average crossing at $5.38 1/2. Second support is the 20-day moving average crossing at $5.27 1/2.          

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

November soybeans closed up $0.03-cents at $9.69.

November soybeans closed higher on Friday as it extends the rally off April's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends this month's rally, January's high crossing at $9.82 3/4 is the next upside target. Closes below the 20-day moving average crossing at $9.21 1/4 would confirm that a short-term top has been posted. First resistance is today's high crossing at $9.69 1/2. Second resistance is January's high crossing at $9.82 3/4. First support is the 10-day moving average crossing at $9.44 3/4. Second support is the 20-day moving average crossing at $9.21 1/4.

December soybean meal closed up $4.80 to $317.60. 

December soybean meal closed higher on Friday as it extends the rally off August's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, the 75% retracement level of the 2019-2020-decline crossing at $324.30 is the next upside target. Closes below the 20-day moving average crossing at $302.40 would confirm that a short-term top has been posted. First resistance is the 62% retracement level of the 2019-2020-decline crossing at $317.60. Second resistance is the 75% retracement level of the 2019-2020-decline crossing at $324.30. First support is the 10-day moving average crossing at $307.40. Second support is the 20-day moving average crossing  at $302.40.       

December soybean oil closed down 47-pts. at 32.82. 

December soybean oil closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 32.12 would confirm that a short-term top has been posted. If December extends the rally off April's low, the 87% retracement level of the December-March-decline crossing at 35.07 is the next upside target. First resistance is the 75% retracement level of the December-March-decline crossing at 33.80. Second resistance is the 87% retracement level of the December-March-decline crossing at 35.07. First support is the 20-day moving average crossing at 32.12. Second support is the 50-day moving average crossing at 30.75.      

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

October hogs closed up $0.48 at $59.73. 

October hogs closed higher on Friday as it extends the rally off June's low. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off the July 31^st low, the 38% retracement level of the 2019-2020-decline crossing at $62.58 is the next upside target. Closes below the 20-day moving average crossing at $54.49 would signal that a short-term top has been posted. First resistance is today's high crossing at $60.95. Second resistance is the 38% retracement level of the 2019-2020-decline crossing at $62.58. First support is the 10-day moving average crossing at $55.96. Second support is the 20-day moving average crossing at $54.49.     

October cattle closed up $0.83 at $104.75. 

October cattle closed higher on Friday as it consolidated some of the decline off August's high. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off August's high, the July 15^th low crossing at $102.65 is the next downside target. Closes above the 20-day moving average crossing at $107.77 would signal that a short-term low has been posted. First resistance is the 75% retracement level of the January-April-decline crossing at $110.91. Second resistance is the 87% retracement level of the January-April-decline crossing at $115.09. First support is the July 15^th low crossing at $102.65. Second support is the June 29^th low crossing at $98.50.     

October Feeder cattle closed up $0.40-cents at $138.73. 

October Feeder cattle closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's 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 this month's decline, July's low crossing at $132.38 is the next downside target. Closes above the 20-day moving average crossing at $143.87 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at $143.87. Second resistance is August's high crossing at $150.20. First support is today's low crossing at $137.55. Second support is July's low crossing at $132.38.        

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

December coffee closed higher on Friday as it extends the rally off June's low. The high-range close sets the stage for a steady to higher opening on Tuesday. 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 August's low, the 75% retracement level of the December-June-decline crossing at 13.58 is the next upside target. Closes below the 20-day moving average crossing at 12.22 would confirm that a short-term top.   

December cocoa closed lower on Friday confirming yesterday's key reversal down. The low-range close sets the stage for a steady to lower opening on Tuesday. 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 25.11 would confirm that a short-term top has been posted. If December extends the rally off July's low, the 87% retracement level of the February-July-decline crossing at 27.14 is the next upside target.                 

October sugar closed lower on Friday as it extends the decline off August's high. The low-range close set the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off August' high, the July 24^th low crossing at 11.48 is the next downside target. Closes above the 20-day moving average crossing at 12.72 would confirm that a short-term low has been posted.               

December cotton closed higher on Friday. 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 20-day moving average crossing at 64.26 would confirm that a short-term top has been posted. If December extends the rally off April's low, the 75% retracement level of the January-April-decline crossing at 67.31 is the next upside target.