INO Evening Market Comments
1 response | 0 likes
Started by tallpine - Dec. 2, 2020, 4:26 p.m.

KEY EVENTS TO WATCH FOR:



Thursday, December 3, 2020 



7:30 AM ET. November Challenger Job-Cut Report



                       Job Cuts, M/M% (previous -32%)



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



                       Jobless Claims (expected 768K; previous 778K)



                       Jobless Claims, Net Chg (previous +30K)



                       Continuing Claims (previous 6071000)



                       Continuing Claims, Net Chg (previous -299K)



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



                       Corn (Metric Tons) (previous 1665.6K)



                       Soybeans (Metric Tons) (previous 768.1K)

 

                      Wheat (Metric Tons) (previous 795.8K)



9:45 AM ET. Bloomberg Consumer Comfort Index



9:45 AM ET. November US Services PMI



                       PMI, Services (previous 56.9)



10:00 AM ET. November ISM Report on Business Services PMI



                       Non-Mfg Composite Idx (expected 55.5; previous 56.6)



                       Non-Mfg Business Idx (previous 61.2)



                       Prices Idx (previous 63.9)



                       Employment Idx (previous 50.1)



                       New Orders Idx (previous 58.8)



10:00 AM ET. October Metropolitan Area Employment & Unemployment



10:00 AM ET. SEC Investor Advisory Committee Quarterly Meeting held remotely



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



                       Working Gas In Storage (Cbf) (previous 3940B)



                       Working Gas In Storage, Net Chg (Cbf) (previous -18B)

                       

11:00 AM ET. November Global Services PMI



                       PMI, Services (previous 52.9)



12:00 PM ET. November 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, December 4, 2020 



8:30 AM ET. November U.S. Employment Report



                       Non-Farm Payrolls (expected +425K; previous +638K)



                       Unemployment Rate (expected 6.7%; previous 6.9%)



                       Avg Hourly Earnings (USD) (previous 29.5)



                       Avg Hourly Earnings-Net Chg (USD) (previous +0.04)



                       Avg Hourly Earnings, M/M% (expected +0.1%; previous +0.14%)



                       Avg Hourly Earnings, Y/Y% (expected +4.2%; previous +4.46%)



                       Overall Workweek (previous 34.8)



                       Overall Workweek Net Chg (previous +0)



                       Government Payrolls (previous -268K)



                       Private Payroll (previous +906K)



                       Participation Rate (previous 61.7%)



                       Non-Farm Payrolls Bench Net Chg



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



                       Trade Balance (USD) (expected -64.8B; previous -63.86B)



                       Exports (USD) (previous 76.35B)



                       Exports, M/M% (previous +2.6%)



                       Imports (USD) (previous 240.22B)



                       Imports, M/M% (previous +0.5%)



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



                       Total Orders, M/M% (expected +0.8%; previous +1.1%)



                       Orders, Ex-Defense, M/M% (previous +1.8%)



                       Orders, Ex-Transport, M/M% (previous +0.5%)



                       Durable Goods, M/M%



                       Durable Goods, M/M%



Monday, December 7, 2020 



10:00 AM ET. November Employment Trends Index



                       ETI (previous 97.57)



                       ETI, Y/Y%



3:00 PM ET. October Consumer Credit



                       Consumer Credit Net Chg (USD) (previous +16.2B)



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



The Dow closed higher on Wednesday as it extended the trading range of the past five-weeks.The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the  RSI are overbought, diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends  this year's rally into uncharted territory, upside targets will be hard to project. Closes below the November 12th low crossing at 28,902.13 would confirm that a short-term top has been posted. First resistance is last-Tuesday's high crossing at 30,116.51. Second resistance is unknown. First support is the 20-day moving average crossing at 29,387.93. Second support is the November 12th low crossing at 28,902.13.  



The December NASDAQ 100 posted an inside day with a lower closed on Wednesday as it consolidated some of the rally off November's low. The high-range close sets the stage for a steady to slightly lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 12,030.67 are needed to confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 12,512.25. Second resistance is unknown. First support is the 20-day moving average crossing at 12,030.67. Second support is the 50-day moving average crossing at 11,697.11.   



The December S&P 500 closed slightly higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off November's low into uncharted territory, upside targets will be  hard to project. Closes below the 20-day moving average crossing at 3562.84 would confirm that a short-term top has been posted. First resistance is today's high crossing at 3669.16. Second resistance is unknown. First support is the 20-day moving average crossing at 3562.84. Second support is the 50-day moving average crossing at 3453.33.  



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



March T-bonds closed down 12/32's at 172-08.

  

March T-bonds closed lower on Wednesday as it extended Tuesday's decline. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, November's low crossing at 170-22 is the next downside target. Closes above the 50-day moving average crossing at 175-04 would open the door for a possible test of November's high crossing at 177-06. First resistance is the 50-day moving average crossing at 175-04.  Second resistance is November's high crossing at 177-06. First support is today's low crossing at 171-22. Second support is November's low crossing at 170-22. 



March T-notes closed up 10-pts. at 137.150.



March T-notes closed sharply lower on Wednesday as it extends Tuesday's decline. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, November's low crossing at 136.265 is the next downside target. If March renews the rally off November's low, the 50-day moving average crossing at 138.102 is the next upside target. First resistance is the 50-day moving average crossing at 138.102. Second resistance is November's high crossing at 138.300. First support is today's low crossing at 137.085. Second support is November's low crossing at 136.265. 



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



January crude oil closed higher on Wednesday ending a three-day correction off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins. 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 20-day moving average crossing at $42.24 would signal that a short-term top has been posted. If January renews the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at $47.20 is the next upside target. First resistance is last-Wednesday's high crossing at $46.26. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at $47.20. First support is the 10-day moving average crossing at $43.99. Second support is the 20-day moving average crossing at $42.24.  



January heating oil closed higher on Wednesday ending a three-day correction off last-Friday's high. The high-range close sets the stage for a steady to higher opening when Thursday's night trading session begins. 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 $127.91 would signal that a short-term top has been posted. If January resumes the rally off November's low, the 38% retracement level of the 2018-2020-decline crossing at $150.97 is the next upside target. First resistance is last-Friday's high crossing at $140.15. Second resistance is the 38% retracement level of the 2018-2020-decline crossing at $150.97. First support is the 10-day moving average crossing at $133.73. Second support is the 20-day moving average crossing at $127.91. 



January unleaded gas closed higher on Wednesday ending a three-day correction off last-Friday's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $117.71 would signal that a short-term top has been posted. If January resumes the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at $134.28 is the next upside target. First resistance is last-Friday's high crossing at $128.15. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at $134.28. First support is the 10-day moving average crossing at 121.63. Second support is the 20-day moving average crossing at $117.71.    



January Henry natural gas closed sharply lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If January renews the decline off November's high, the 87% retracement level of the June-November-rally crossing at 2.562 is the next downside target. Closes above the 20-day moving average crossing at 2.940 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at  2.940. Second resistance is the November 16th gap crossing at 3.074. First support is the 75% retracement level of the June-November-rally crossing at 2.693. Second support is the 87% retracement level of the June-November-rally crossing at 2.562. 



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



The December Dollar closed lower on Wednesday as it extended this year's decline. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this year's decline, monthly support crossing at 90.21 is the next downside target. Closes above the 20-day moving average crossing at 92.29 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 92.29. Second resistance is the 50-day moving average crossing at 93.06. First support is today's low crossing at 91.08. Second support is monthly support crossing at 90.21. 



The December Euro closed higher on Wednesday as it extends the rally off November's low to a new high for the year. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at 121.46 is the next upside target. Closes below the 50-day moving average crossing at crossing at 118.07 would signal that a short-term top has been posted. First resistance is today's high crossing at 121.12. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at 121.46. First support is the 10-day moving average crossing at 119.32. Second support is the 20-day moving average crossing at 118.07.  



The December British Pound posted an inside day with a lower close on Wednesday as it consolidated some of the rally off September's low. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are diverging and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.3253 would confirm that a short-term top has been posted. If December extends the aforementioned rally, September's high crossing at 1.3488 is the next upside target. First resistance is Tuesday's high crossing at 1.3446. Second resistance is September's high crossing at 1.3488. First support is the 20-day moving average crossing at 1.3253. Second support is the 50-day moving average crossing at 1.3070. 

 

The December Swiss Franc closed higher on Wednesday and above trading range resistance marked by November's high crossing at 1.1144. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends today's rally, the September-2019 high crossing at 1.1319 is the next upside target. Closes below the 50-day moving average crossing at 1.0969 would signal that a short-term top has been posted. First resistance is today's high crossing at 1.1185. Second resistance is the September-2019 high crossing at 1.1319. First support is the 20-day moving average crossing at 1.1004. Second support is the 50-day moving average crossing  at 1.0969.



The December Canadian Dollar closed higher on Wednesday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, the October-2018 high crossing at 79.05 is the next upside target. Closes below the 50-day moving average crossing at 75.98 would confirm that a short-term top has been posted. First resistance is today's high crossing at 77.42. Second resistance is the October-2018 high crossing at 79.05. First support is the 20-day moving average crossing at 76.64. Second support is the 50-day moving average crossing at 75.98.



The December Japanese Yen closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday’s night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 0.0954 would signal that a short-term top has been posted. If December renews the rally off November's low, November's high crossing at 0.0970 is the next upside target. First resistance is the November 18th high crossing at 0.0965. Second resistance is November's high crossing at 0.0970. First support is the 50-day moving average crossing at 0.0954. Second support is November's low crossing at 0.0947.  



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



February gold closed higher due to short covering on Wednesday as it consolidates some of the decline off August's high.The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that  sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $1865.90 would signal that a short-term low has been posted. If February extends the decline off  November's high, the 50% retracement level of the March-August-rally crossing at $1711.10 is the next downside target. First resistance is the 10-day moving average crossing at $1831.00. Second resistance is the 20-day moving average crossing at $1865.90. First support is Monday's low crossing at $1767.20. Second support is the 50% retracement level of the March-August-rally crossing at $1711.10.



March silver closed higher due to short covering on Wednesday as it consolidates some of the decline off November's high. The mid-range close sets the stage for a steady to slightly higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving averagecrossing at 24.263 would confirm that a short-term low has been posted. Closes below September's low crossing at 21.930 would open the door for a possible test of the 50% retracement level of the March-August-rally crossing at 21.148. First resistance is the 50-day moving average crossing at 24.263. Second resistance is November's high crossing at 26.270. First support is September's low crossing at 21.930. Second support is the 50% retracement level of the March-August-rally crossing at 21.148.  



March copper closed lower on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off March's low, monthly resistance crossing at 361.26 is the next upside target. Closes below the 20-day moving average crossing at 325.85 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at 352.15. Second resistance is monthly resistance crossing at 361.26. First support is the 10-day moving average crossing at 335.66. Second support is the 20-day moving average crossing at 325.85. 



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



March Corn closed up $0.02 3/4-cents at $4.23 1/2. 



March corn closed higher on Wednesday as it consolidates some of the decline off Monday's high. The high-range close sets the stage for a steady to higher opening when Thursday's night sessions begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 50-day moving average crossing at $4.08 1/2 is the next downside target. If March resumes the rally off April's low, weekly resistance marked by the June-2016 high crossing at $4.43 1/2 is the next upside target. First resistance is Monday's high crossing at $4.39 1/2. Second resistance is the June-2016 high crossing at $4.43 1/2 is the next upside target. First support is today's low crossing at $4.14 1/2. Second support is the 50-day moving average crossing at $4.08 1/2.    



March wheat closed up $0.10 3/4-cents at $5.88.  

March wheat closed higher due to short covering on Wednesday as it consolidates some of the decline off October's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off October's high, the 50% retracement level of the June-October-rally crossing at $5.71 is the next downside target. Closes above Monday's high crossing at $6.09 1/4 would confirm that a short-term  low has been posted. First resistance is last-Wednesday's high crossing at $6.22 3/4. Second resistance  is November's high crossing at $6.26 1/4. First support is the 50% retracement level of the June-November-rally crossing at $5.71. Second support is the 62% retracement level of the June-October-rally crossing at $5.55.      



March Kansas City Wheat closed up $0.13 3/4-cents at $5.52 3/4.

 

March Kansas City wheat closed higher due to short covering on Wednesday as it consolidates some of the decline off November's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 38% retracement level of the August-November-rally crossing at $5.27 3/4 is the next downside target. Closes above last-Wednesday's high crossing at $5.75 are needed to confirm that a short-term low has been posted. First resistance is last-Wednesday's high crossing at $5.75. Second resistance is November's high crossing at $5.86 1/2. First support is today's low crossing at  $5.36 1/4. Second support is the38% retracement level of the August-Nov.-rally crossing at $5.27 3/4.     



March Minneapolis wheat closed up $0.06 3/4-cents at $5.56. 



March Minneapolis wheat closed higher due to short-covering on Wednesday as it consolidates some of the decline off October's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off October's high, the 75% retracement level of the August-October-rally crossing at $5.39 1/4 is the next downside target. Closes above last-Wednesday's high crossing at crossing at $5.73 would signal that a short-term low has been posted. First resistance is last-Wednesday's high crossing at crossing at $5.73. Second resistance is November's high crossing at $5.86. First support is the 62% retracement level of the August-October-rally crossing at $5.49 1/2. Second support is the 75% retracement level of the August-October-rally crossing at $5.39 1/4.    

     

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



January soybeans closed down $0.09-cents at $11.53.



January soybeans closed lower on Wednesday as it extends this week's decline. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at $11.55 would confirm that a short-term top has been posted. If January renews the rally off August's low, monthly resistance marked by the June-2016 high crossing at $12.08 1/2 is the next upside target. First resistance is last-Monday's high crossing at $12.00. Second resistance is monthly resistance marked by the June-2016 high crossing at $12.08 1/2. First support is the 20-day moving average crossing at $11.55. Second support is the 50-day moving average crossing at $10.89 1/4.



March soybean meal closed down $4.80 to $383.90. 



March soybean meal closed lower on Wednesday and below the 20-day moving average crossing at $386.20 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 50-day moving average crossing at $365.10 is the next downside target. If March renews the rally off August's low, monthly resistance crossing at $404.90 is the next upside target. First resistance is last-Wednesday's high crossing at $398.80. Second resistance is monthly resistance crossing at $404.90. First support is today's low crossing at $380.10. Second support is the 50-day moving average crossing at $365.10.       



March soybean oil closed down 6-pts. at 36.80. 



March soybean oil closed lower for the third-day in a row on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 36.82 would confirm that a short-term top has been posted. If March resumes the rally off October's low, monthly resistance crossing at 41.25 is the next upside target. First resistance is November's high crossing at 38.60. Second resistance is monthly resistance crossing at 41.25. First support is the 20-day moving average crossing at 36.82. Second support is the 50-day moving average crossing at 34.60.      

 

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



February hogs closed down $0.85 at $67.90. 



February hogs closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Tuesday's close above the November 6th high crossing at $68.83 signals that a short-term low has been posted. If February extends the rally off November's low October's high crossing at $72.80 is the next upside target. Closes below the 20-day moving average crossing at $66.62 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at $69.60. Second resistance is October's high crossing at $72.80. First support is November's low crossing at $62.75. Second support is September's crossing at $61.55.     



February cattle closed up $0.40 at $113.58 



February cattle close higher on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If February renews the rally off November's low, November's high crossing at $115.45 is the next upside target. If February extends the decline off last-Tuesday's high, the November 20th low crossing at $109.00 is the next downside target. First resistance is November's high crossing at $115.45. Second resistance is September's high crossing at $116.63. First support is the November 20th low crossing at $109.00. Second support is October's low crossing at $105.53. 



January Feeder cattle closed down $0.05-cents at $141.90. 


January Feeder cattle closed lower on Wednesday. The high-range close sets the stage for a steady to slightly higher opening when Thursday's session begins trading. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If January extends the rally off October's low, August's high crossing at $147.38 is the next upside target. Closes below the 50-day moving average crossing at $135.65 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at $143.48. Second resistance is August's high crossing at $147.38. First support is the November 20th low crossing at $133.00. Second support is October's low crossing at $124.25.       



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



March coffee closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. 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 11.59 are needed to confirm that a short-term top has been posted. If March resumes the rally off November's low, the 75% retracement level of the September-November decline crossing at 12.80 is the next upside target.    



March cocoa gapped down and closed lower on Wednesday. The high-range close sets the stage for a steady to slightly lower opening on Thursday. 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 25.42 would confirm that a short-term top has been posted. If March resumes the rally off November's low, monthly resistance crossing at 29.98 is the next upside target.                     



March sugar closed higher on Wednesday as it consolidates some of the decline off November's high. The high-range close set the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 14.93 would open the door for a larger-degree decline into early-December. If March renews the rally off September's low, weekly resistance crossing at 16.45 is the next upside target.            



March cotton closed lower on Wednesday and below the 20-day moving average crossing at 71.80 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 50-day moving average crossing at 70.27 is the next downside target. If March resumes the rally off April's low, the July-2018 high crossing at 79.56 is the next upside target. 

Comments
By metmike - Dec. 2, 2020, 10:31 p.m.
Like Reply

Thanks tallpine!


South America:

https://www.marketforum.com/forum/topic/62048/


Coffee

https://www.marketforum.com/forum/topic/62040/


Natural Gas

Models turned sharply milder late in the extended and crashed the price today.

https://www.marketforum.com/forum/topic/61857/


Crude

https://www.marketforum.com/forum/topic/61677/


Exports:

https://www.marketforum.com/forum/topic/61986/

                                    

crop condition

https://www.marketforum.com/forum/topic/62118/