KEY EVENTS TO WATCH FOR:
Tuesday, October 6, 2020
7:45 AM ET. Weekly Chain Store Sales Index
8:30 AM ET. August U.S. International Trade in Goods & Services
Trade Balance (USD) (previous -63.56B)
Exports (USD) (previous 168.11B)
Exports, M/M% (previous +8.1%)
Imports (USD) (previous 231.67B)
Imports, M/M% (previous +10.9%)
8:55 AM ET. Johnson Redbook Retail Sales Index
Ret Sales Mo-to-Date, M/M% (previous -0.3%)
Ret Sales Mo-to-Date, Y/Y% (previous +0.6%)
Latest Wk, Y/Y% (previous +2.2%)
10:00 AM ET. October IBD/TIPP Economic Optimism Index
Economic Optimism Idx (previous 45.0)
6-Mo Economic Outlook (previous 41.5)
10:00 AM ET. August Job Openings & Labor Turnover Survey
4:30 PM ET. API Weekly Statistical Bulletin
Crude Stocks, Net Chg (Bbls) (previous -0.8M)
Gasoline Stocks, Net Chg (Bbls) (previous +1.6M)
Distillate Stocks, Net Chg (Bbls) (previous -3.4M)
Wednesday, October 7, 2020
7:00 AM ET. MBA Weekly Mortgage Applications Survey
Composite Idx (previous 776.7)
Composite Idx, W/W% (previous +6.8%)
Purchase Idx-SA (previous 320.9)
Purchase Idx-SA, W/W% (previous +3.4%)
Refinance Idx (previous 3579.8)
Refinance Idx, W/W% (previous -6.5%)
9:00 AM ET. G24 Deputies Meeting
10:00 AM ET. SEC Open Meeting
10:00 AM ET. September Online Help Wanted Index
10:30 AM ET. EIA Weekly Petroleum Status Report
Crude Oil Stocks (Bbl) (previous 492.426M)
Crude Oil Stocks, Net Chg (Bbl) (previous -1.98M)
Gasoline Stocks (Bbl) (previous 228.182M)
Gasoline Stocks, Net Chg (Bbl) (previous +0.683M)
Distillate Stocks (Bbl) (previous 172.758M)
Distillate Stocks, Net Chg (Bbl) (previous -3.184M)
Refinery Usage (previous 75.8%)
Total Prod Supplied (Bbl/day) (previous 17.447M)
Total Prod Supplied, Net Chg (Bbl/day) (previous -0.992M)
3:00 PM ET. August Consumer Credit
Consumer Credit Net Chg (USD) (previous +12.3B)
Thursday, October 8, 2020
8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims
Jobless Claims (previous 837K)
Jobless Claims, Net Chg (previous -36K)
Continuing Claims (previous 11767000)
Continuing Claims, Net Chg (previous -980K)
8:30 AM ET. U.S. Weekly Export Sales
Corn (Metric Tons) (previous 2027.1K)
Soybeans (Metric Tons) (previous 2591.2K)
Wheat (Metric Tons) (previous 507.6K)
9:45 AM ET. Bloomberg Consumer Comfort Index
10:30 AM ET. EIA Weekly Natural Gas Storage Report
Working Gas In Storage (Cbf) (previous 3756B)
Working Gas In Storage, Net Chg (Cbf) (previous +76B)
12:00 AM ET. September Monthly U.S. Retail Chain Store Sales Index
4:30 PM ET. Money Stock Measures
4:30 PM ET. Federal Discount Window Borrowings
4:30 PM ET. Foreign Central Bank Holdings
Friday, October 9, 2020
10:00 AM ET. August-October Monthly Wholesale Trade
Inventories, M/M% (previous -0.3%)
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)
The STOCK INDEXES? http://quotes.ino.com/ex?changes/?c=indexes
The Dow gapped up and closed sharply higher on Monday as history shows investors are quick to brush off presidential health woes and focus on the economic outlook. Today's gains renewed the rally off September's low and 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 bullish signaling that sideways to higher prices remain possible near-term. If the Dow extends the rally off September's low, the September 16th high crossing at 28,364.77 is the next upside target. Closes below the 10-day moving average crossing at 28,018.94 would signal that a short-term top has been posted. If the Dow renews the decline off September's high, the 25% retracement level of the March-September-rally crossing at 26,464.30 is the next downside target. First resistance is the September 16th high crossing at 28,364.77. Second resistance is September's high crossing at 29,199.35. First support is the 25% retracement level of the March-September-rally crossing at 26,464.30. Second support is the 38% retracement level of the March-September-rally crossing at 25,010.37.
The December NASDAQ 100 closed sharply higher on Monday. 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. Closes above last-Friday's high crossing at 11,604.75 would open the door for a possible test of September's high crossing at 12,465.25. If December renews the decline off September's high, the 38% retracement level of the March-September-rally crossing at 10,354.13 is the next downside target. First resistance is last-Friday's high crossing at 11,604.75. Second resistance is September's high crossing at 12,465.25. First support is September's low crossing at 10,656.50. Second support is the 38% retracement level of the March-September-rally crossing at 10,354.13.
The December S&P 500 closed sharply higher on Monday. 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 bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the September 16th high crossing at 3412.00 is the next upside target. Closes below the 10-day moving average crossing at 3307.16 would confirm that a short-term top has been posted. First resistance is the September 16th high crossing at 3412.00. Second resistance is September's high crossing at 3568.80. First support is September's low crossing at 3210.70. Second support is the 38% retracement level of the March-September-rally crossing at 3049.78.
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December T-bonds closed down 2-04/32's at 173-25.
December T-bonds closed sharply lower on Monday. 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. If December extends the decline off September's high, the August 28th low crossing at 173-16 is the next downside target. Multiple closes above the 50-day moving average crossing at 177-08 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 177-08. Second resistance is August's high crossing at 181-17. First support is the August 28th low crossing at 173-16. Second support is the June 5th low crossing at 171-16.
December T-notes closed down 210-pts. at 138.250.
December T-notes closed sharply lower on Monday. 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. If December extends the decline off September's high, the August 28th low crossing at 138.185 is the next downside target. Closes above last-Friday's high crossing at 139.250 would signal that a short-term low has been posted. First resistance is September's high crossing at 139.290. Second resistance is August's high crossing at 140.110. First support is the August 28th low crossing at 138.185. Second support is the June 5th low crossing at 137.025.
ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""
November crude oil closed sharply higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins. 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 average crossing at $41.14 would signal that a short-term low has been posted. If November renews the decline off August's high, the June 12th low crossing at $35.54 is the next downside target. First resistance is the 50-day moving average crossing at $41.14. Second resistance is August's high crossing at $43.78. First support is September's low crossing at $36.58. Second support is the June 12th low crossing at $35.54.
November heating oil closed sharply higher on Monday as it consolidated some of the decline off August's high. The high-range close sets the stage for a steady to higher opening when Tuesday's night trading session begins. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Thursday's high crossing at $116.08 are needed to confirm that a short-term low has been posted. If November extends the decline off August's high, the 75% retracement level of the April-August-rally crossing at $103.63 is the next downside target. First resistance is last-Thursday's high crossing at $116.08. Second resistance is the September 18th high crossing at $118.58. First support is the 62% retracement level of the April-August-rally crossing at $108.97. Second support is the 75% retracement level of the April-August-rally crossing at $103.63.
November unleaded gas closed sharply higher on Monday as it extends the June-October 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If November renews the rally off September's low, August's high crossing at 124.62 is the next upside target. Closes below September's low crossing at 106.60 would mark a downside breakout of the aforementioned trading range. First resistance is last-Monday's high crossing at 121.86. Second resistance is August's high crossing at 124.62. First support is September's low crossing at 106.60. Second support is the July 30th low crossing at 105.01.
November Henry natural gas closed sharply higher on Tuesday as it consolidated some of the decline off September's high. 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 oversold but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 2.719 is the next upside target. If November extends the decline off September's high, the 75% retracement level of the June-September-rally crossing at 2.348 is the next downside target.First resistance is the 50-day moving average crossing at 2.719. Second resistance is the September 24th high crossing at 2.928. First support is the 75% retracement level of the June-September-rally crossing at 2.348. Second support is the 87% retracement level of the June-September-rally crossing at 2.244.
CURRENCIES? http://quotes.ino.com/ex?changes/?c=currencies ""
The December Dollar closed lower on Monday as it extended the decline off September's high. 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 93.28 would signal that a short-term top has been posted. If December renews the rally off September's low, the 25% retracement level of the March-September-decline crossing at 94.72 is the next upside target. First resistance is the 25% retracement level of the March-September-decline crossing at 94.72. Second resistance is the 38% retracement level of the March-September-decline crossing at 96.33. First support is the September 50-day moving average crossing at 93.28. Second support is September's low crossing at 91.75.
The December Euro closed sharply higher on Monday as it extends the rally off September'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 118.27 would confirm that a short-term low has been posted. If December renews the decline off September's high, the 38% retracement level of the March-September-rally crossing at 115.42 is the next downside target. First resistance is September's high crossing at 120.38. Second resistance is the 50% retracement level of the 2018-2020 decline crossing at 121.47. First support is September's low crossing at 116.30. Second support is the 38% retracement level of the March-September-rally crossing at 115.42.
The December British Pound closed higher on Monday as it extends the rally off September'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 1.3035 are needed to confirm that a short-term low has been posted. If December renews this month's decline, the 50% retracement level of the March-September rally crossing at 1.2502. First resistance is the 50-day moving average crossing at 1.3035. Second resistance is September's high crossing at 1.3488. First support isthe 38% retracement level of the March-September rally crossing at 1.2733. Second support is the 50% retracement level of the March-September rally crossing at 1.2502.
The December Swiss Franc closed higher on Monday as it extends the rally off September'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 1.0982 would confirm that a short-term low has been posted. If December renews the decline off August's high, the 38% retracement level of the March-August-rally crossing at 1.0789 is the next downside target. First resistance is September's high crossing at 1.1081. Second resistance is August's high crossing at 1.1138. First support is September's low crossing at 1.0781. Second support is the 38% retracement level of the March-August-rally crossing at 1.0789.
The December Canadian Dollar closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's 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 50-day moving average crossing at 75.51 would signal that a short-term low has been posted. If December renews the decline off August's high, the 38% retracement level of the March-September-rally crossing at 73.72 is the next downside target. First resistance is the 50-day moving average crossing at 75.51. Second resistance is September's high crossing at 76.97. First support is last-Wednesday's low crossing at 74.53. Second support is the 38% retracement level of the March-September-rally crossing at 73.72.
The December Japanese Yen closed lower on Monday and below the 50-day moving average crossing at 0.0947 confirming that a short-term top has been posted. 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. If December extends today's decline, September's low crossing at 0.0940 is the next downside target. If December renews the rally off August's low, the 75% retracement level of the February-March high crossing at 0.0968 is the next upside target. First resistance is September's high crossing at 0.0963. Second resistance is the 75% retracement level of the February-March high crossing at 0.0968. First support is September's low crossing at 0.0940. Second support is August's low crossing at 0.0936.
PRECIOUS METALS? http://quotes.ino.com/ex?changes/?c=metals ""
December gold closed higher on Monday as it extended this rally off September'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $1953.90 would confirm that a short-term low has been posted. If December renews the decline off August's high, the 38% retracement level of the March-August-rally crossing at $1771.40 is the next downside target. First resistance is the 50-day moving average crossing at $1953.90. Second resistance is the September 16th high crossing at $1983.80. First support is the September 24th low crossing at $1851.00. Second support is the 38% retracement level of the 2018-2020-rally crossing at $1771.40.
December silver closed higher on Monday as it extends the rally off September'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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 25.323 would signal that a short-term low has been posted. If December renews the decline off August's high, the 50% retracement level of the March-August-rally crossing at 20.953 is the next downside target. First resistance is the 20-day moving average crossing at 25.323. Second resistance is the 50-day moving average crossing at 26.253. First support is September's low crossing at 21.810. Second support is the 50% retracement level of the March-August-rally crossing at 20.953.
December copper posted an inside day with a lower close on Monday. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December renewed the rally off March's low, the 87% retracement level of the 2018-2020 decline crossing at 323.02 is the next upside target. If December extends last-week's decline, August's low crossing at 279.60 is the next downside target. First resistance is September's high crossing at 312.10. Second resistance is the 87% retracement level of the 2018-2020 decline crossing at 323.02. First support is last-Friday's low crossing at 283.45. Second support is August's low crossing at 279.60.
GRAINS? http://quotes.ino.com/ex?changes/?c=grains "
December Corn closed unchanged at $3.79 1/2.
December corn closed steady on Monday as it consolidates some of last-week's rally. The low-range close sets the stage for a steady to lower opening when Tuesday's night sessions 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 August's low, the 75% retracement level of the 2019-2020-decline crossing at $3.98 is the next upside target. Closes below last-Monday's low crossing at $3.60 1/2 would confirm that a short-term top has been posted. First resistance is the 62% retracement level of the 2019-2020-decline crossing at $3.84 1/4. Second resistance is the 75% retracement level of the 2019-2020-decline crossing at $3.98 is the next upside target. First support is last-Monday's low crossing at $3.60 1/2. Second support is September's low crossing at $3.51.
December wheat closed up $0.11 1/2-cents at $5.84 3/4.
December wheat closed higher on Monday as it extends the rally off June'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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off June's low, January's high crossing at $5.92 1/2 is the next upside target. Closes below the 20-day moving average crossing at $5.55 would confirm that a short-term top has been posted. First resistance is the 87% retracement level of the March-June-decline crossing at $5.84. Second resistance is January's high crossing at $5.92 1/2. First support is the 20-day moving average crossing at $5.55. Second support is the 50-day moving average crossing at $5.39 1/2.
December Kansas City Wheat closed up a $0.15-cents at $5.24 1/2.
December Kansas City wheat closed sharply higher on Monday as it extended 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. If December extends the rally off August's low, the 62% retracement level of the 2018-2020-decline crossing at $5.51 3/4 is the next upside target. Closes below the 20-day moving average crossing at $4.86 1/2 would confirm that a short-term top has been posted. First resistance is the 50% retracement level of the 2018-2020-decline crossing at $5.26 3/4. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at $5.51 3/4. First support is the 20-day moving average crossing at $4.86 1/2. Second support is the 50-day moving average crossing at $4.65.
December Minneapolis wheat closed up $0.03 3/4-cents at $5.35 1/2.
December Minneapolis wheat closed higher on Monday. 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 bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off August's low, the April 4th high crossing at $5.67 is the next upside target. Closes below September's low crossing at crossing at $5.22 1/2 would confirm that a short-term top has been posted. First resistance is June's high crossing at $5.54 1/4. Second resistance is the April 4th high crossing at $5.67. First support is September's low crossing at $5.22 1/2. Second support is August's low crossing at $5.06 1/2.
SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains "
November soybeans closed up $0.01-cent at $10.21 3/4.
November soybeans closed higher on Monday. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If November resumes this summer's rally, monthly resistance on the weekly continuation chart crossing at $10.82 1/2 is the next upside target. Closes below last-Tuesday's low crossing at $9.85 3/4 would confirm that a short-term top has been posted. First resistance is September's high crossing at $10.46 3/4. Second resistance is monthly resistance on the monthly continuation chart crossing at $10.82 1/2. First support is last-Tuesday's low crossing at $9.85 3/4. Second support is September's low crossing at $9.42 3/4.
December soybean meal closed down $6.20 to $345.70.
December soybean meal posted an inside day with a lower close on Monday 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 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, monthly resistance crossing at $354.50 is the next upside target. Closes below the 20-day moving average crossing at $333.50 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at $354.10. Second resistance is monthly resistance crossing at $354.50. First support is last-Tuesday's crossing at $329.70. Second support is the September 16th low crossing at $317.90.
December soybean oil closed up 93-pts. at 32.59.
December soybean oil closed sharply higher on Monday as it rebounded off last-Friday'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 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, the 50% retracement level of the March-September-rally crossing at 30.68 is the next downside target. Closes above the 20-day moving average crossing at 33.42 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 33.42. Second resistance is September's high crossing at 35.49. First support is today's low crossing at 31.47. Second support is the 50% retracement level of the March-September-rally crossing at 30.68.
LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock
October hogs closed up $0.30 at $74.80.
October hogs closed higher on Monday. 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 higher signaling that sideways to higher prices are possible near-term. If October extends the rally off June's low, the 75% retracement level of the 2019-2020-decline crossing at $78.10 is the next upside target. Closes below the 20-day moving average crossing at $68.28 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $75.43. Second resistance is the 75% retracement level of the 2019-2020-decline crossing at $78.10. First support is the 10-day moving average crossing at $72.00. Second support is the 20-day moving average crossing at $68.28.
October cattle closed up $0.60 at $108.78
October cattle closed higher on Monday. The mid-range close sets the stage for a steady to higher opening on Tuesday. 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 $107.17 would signal that short-term top has been posted. If October extends the rally off September's low, August's high crossing at $111.15 is the next upside target. First resistance is last-Thursday's high crossing at $109.43. Second resistance is August's high crossing at $111.15. First support is the September 22nd low crossing at $106.15. Second support is September's low crossing at $103.37.
October Feeder cattle closed up $0.35-cents at $140.25.
October Feeder cattle closed higher on Monday. The mid-range close sets the stage for a steady opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If October renews the decline off last-Tuesday's high, September's low crossing at $137.25 is the next downside target. Closes above last-Tuesday's high crossing at $143.65 would confirm that a short-term low has been posted. First resistance is September's high crossing at $144.00. Second resistance is August's high crossing at $150.20. First support is September's low crossing at $137.25. Second support is July's low crossing at $132.38.
FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food
December coffee closed lower on Monday. The mid-range close sets 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 December extends the decline off September's high, the 87% retracement level of the June-September rally crossing at 10.18 is the next downside target. Closes above the 20-day moving average crossing at 11.65 would confirm that a short-term low has been posted.
December cocoa closed lower on Monday. The low-range close sets 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 December extends the decline off September's high, August's low crossing at 23.55 is the next downside target. Closes above the 20-day moving average crossing at 25.73 would signal that a short-term low has been posted.
March sugar closed slightly higher on Monday. The mid-range close set 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 March extends the rally off September's low, August's high crossing at 13.77 is the next upside target. Closes below the 20-day moving average crossing at 13.13 would signal that a short-term top has been posted.
December cotton closed slightly higher on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 50-day moving average crossing at 64.51 would confirm that a short-term top has been posted. If December renews the rally off April's low, the 75% retracement level of the January-April-decline crossing at 67.31 is the next upside target.
Thanks tallpine!