KEY EVENTS TO WATCH FOR:
Thursday, February 25, 2021
8:30 AM ET. 4th Quarter 2nd estimate GDP
Annual Rate, Q/Q% (previous +4.0%)
Chain-Weighted Price Idx, Q/Q% (previous +2.0%)
Corporate Profits, Q/Q% (previous +36.1%)
PCE Price Idx, Q/Q% (previous +1.5%)
Purchase Price Idx, Q/Q% (previous +1.7%)
Real Final Sales, Q/Q% (previous +3.0%)
Core PCE Price Idx, Q/Q% (previous +1.4%)
Consumer Spending, Q/Q% (previous +2.5%)
8:30 AM ET. January Advance Report on Durable Goods
Durable Goods-SA, M/M% (previous +0.2%)
Dur Goods, Ex-Defense, M/M% (previous +0.5%)
Dur Goods, Ex-Transport, M/M% (previous +0.7%)
Orders: Cap Gds, Non-Def, Ex-Air, M/M% (previous +0.6%)
Shipments: Cap Gds, Non-Def, Ex-Air, M/M% (previous +0.5%)
8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims
Jobless Claims (previous 861K)
Jobless Claims, Net Chg (previous +13K)
Continuing Claims (previous 4494000)
Continuing Claims, Net Chg (previous -64K)
8:30 AM ET. U.S. Weekly Export Sales
Corn (Metric Tons)
Soybeans (Metric Tons)
Wheat (Metric Tons)
9:45 AM ET. Bloomberg Consumer Comfort Index
10:00 AM ET. January Pending Home Sales Index
Pending Home Sales (previous 125.5)
Pending Home Sales Idx, M/M% (previous -0.3%)
Pending Home Sales Idx , Y/Y% (previous +21.4%)
10:30 AM ET. EIA Weekly Natural Gas Storage Report
Working Gas In Storage (Cbf) (previous 281B)
Working Gas In Storage, Net Chg (Cbf) (previous -237B)
11:00 AM ET. February Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing
Mfg Activity Idx (previous 22)
6-Mo Exp Prod Idx (previous 46)
Mfg Composite Idx (previous 17)
6-Mo Exp Composite Idx (previous 24)
4:30 PM ET. Federal Discount Window Borrowings
4:30 PM ET. Foreign Central Bank Holdings
4:30 PM ET. Money Stock Measures
Friday, February 26, 2021
8:30 AM ET. January Personal Income & Outlays
Personal Income, M/M% (previous +0.6%)
Consumer Spending, M/M% (previous -0.2%)
PCE Price Idx, M/M% (previous +0.4%)
PCE Price Idx, Y/Y% (previous +1.3%)
PCE Core Price Idx, M/M% (previous +0.3%)
PCE Core Price Idx, Y/Y% (previous +1.5%)
8:30 AM ET. January Advance Economic Indicators Report
9:45 AM ET. February Chicago Business Barometer - ISM-Chicago Business Survey - Chicago PMI
PMI-Adj (previous 63.8)
10:00 AM ET. February University of Michigan Survey of Consumers – final
End-Mo Sentiment Idx (previous 79.0)
End-Mo Expectations Idx (previous 74.0)
12-Month Inflation Forecast (previous 3.0%)
5-Year Inflation Forecast (previous 2.7%)
End-Mo Current Idx (previous 86.7)
3:00 PM ET. January Agricultural Prices
Farm Prices, M/M% (previous +0.8%)
The STOCK INDEXES? http://quotes.ino.com/ex?changes/?c=indexes
The Dow closed sharply higher on Wednesday spiked to an intra-day high just above the 32,000 as Fed officials are trying to calm market nerves after this month's run-up in bond yields.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 sideways to higher prices are possible near-term. If the Dow extends this month's rally into uncharted territory making upside targets hard to project. Closes below the 20-day moving average crossing at 31,145.78 would signal that a short-term top has been posted.First resistance is today's high crossing at 32,009.64. Second resistance is unknown. First support is the 20-day moving average crossing at 31,145.78. Second support is the 50-day moving average crossing at 30,813.66.
The March NASDAQ 100 closed higher due to short covering on Wednesday as it consolidated some of the decline off February'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 50-day moving average crossing at 13,111.75 would confirm that a top has been posted. Closes above the 10-day moving average crossing at 13,550.45 would signal that a short-term low has been posted. First resistance is February's high crossing at 13,900.50. Second resistance is unknown.First support is February's low crossing at 12,727.25. Second support is January's low crossing at 12,491.25.
The March S&P 500 closed higher on Wednesday as it extended the rally off Tuesday'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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally into uncharted territory, upside targets will be hard to project. Closes below the 50-day moving average crossing at 3794.86 would confirm that a short-term top has been posted. First resistance is last-Tuesday's high crossing at 3959.25. Second resistance is unknown. First support is the 20-day moving average crossing at 3863.80. Second support is the 50-day moving average crossing at 3794.88.
INTEREST RATES? http://quotes.ino.com/ex?changes/?c=interest ""
March T-bonds closed down 21/32's at 161-16.
March T-bonds closed lower on Wednesday as it extends the decline off last-August's high. 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 March extends the decline off November's high, the 62% retracement level of the 2018-2020 rally crossing at 157-20 is the next downside target. Closes above the 20-day moving average crossing at 166-09 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 164-11. Second resistance is the 20-day moving average crossing at 166-09. First support is today's low crossing at 160-16. Second support is the 62% retracement level of the 2018-2020 rally crossing at 157-20.
March T-notes closed down 85-pts. at 135.050.
March T-notes posted an outside day down with a lower close on Wednesday as it extended the decline off last-August's high. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off the January 27th high, the March 2020 low on the weekly continuation chart crossing at 133.210 is the next downside target. Closes above the 20-day moving average crossing at 136.140 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 135.292. Second resistance is the 20-day moving average crossing at 136.140. First support is today's low crossing at 134.275. Second support is the March 2020 low on the continuation chart crossing at 133.210.
ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""
April crude oil closed higher on Wednesday as it extends the rally off November's low.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 remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off November's low, the October-2018 high crossing at $67.23 is the next upside target. Closes below the 20-day moving average crossing at $57.65 would signal that a short-term top has been posted. First resistance is today's high crossing at $63.37. Second resistance is the October-2018 high crossing at $67.23. First support is the 10-day moving average crossing at $60.36. Second support is the 20-day moving average crossing at $57.65.
April heating oil posted another new high close for the year on Wednesday as it extends the rally off November's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off November's low, the 75% retracement level of the 2018-2020-decline crossing at $200.04 is the next upside target. Closes below the 20-day moving average crossing at $173.96 would confirm that a short-term top has been posted. First resistance is today's high crossing at $190.25. Second resistance is the the 75% retracement level of the 2018-2020-decline crossing at $200.04. First support is the 10-day moving average crossing at $181.24. Second support is the 20-day moving average crossing at $173.96.
April unleaded gas closed higher on Wednesday as it extends the rally off November'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 overbought but remain neutral to bullish signaling sideways to higher prices are possible near-term. If April extends the rally off November's low, the 87% retracement level of the 2018-2020-decline crossing at $204.11 is the next upside target. Closes below the 20-day moving average crossing at $179.83 would signal that a short-term top has been posted. First resistance is today's high crossing at $198.37. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $204.11. First support is the 10-day moving average crossing at 187.56. Second support is the 20-day moving average crossing at $179.83.
April Henry natural gas closed lower on Wednesday as it extends the decline off last-Thursday's high. 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. Today's close below the 20-day moving average crossing at 2.849 signals that a short-term top has been posted. Closes above the 10-day moving average crossing at 2.917 would signal that a short-term low has been posted. First resistance is last-Thursday's high crossing at 3.060. Second resistance is the weekly continuation chart crossing at 3.396. First support is February's low crossing at 2.727. Second support is the 50-day moving average crossing at 2.708.
CURRENCIES? http://quotes.ino.com/ex?changes/?c=currencies ""
The March Dollar 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off February's high, January's low crossing 89.16 is the next downside target. If March renews the rally off January's low, February's high crossing at 91.61 is the next upside target. First resistance is February's high crossing at 91.61. Second resistance is the November 30th high crossing at 91.96. First support is Tuesday's low crossing 89.92. Second support is January's low crossing at 89.16.
The March Euro closed 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. Multiple closes above the 50-day moving average crossing at 121.69 are needed to renew the rally off February's low. If March renews the decline off January's high, the November 23rd low crossing at 118.33 is the next downside target. First resistance is the 50-day moving average crossing at 121.69. Second resistance is the January 22nd high crossing at 122.03. First support is last-Wednesday's low crossing at 120.29. Second support is February's low crossing at 119.60.
The March British Pound closed higher on Wednesday as it extends the rally off September's low. 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. If March extends the rally off May's low, the 87% retracement level of the 2016-2020-decline crossing at 1.4577 is the next upside target. Closes below the 20-day moving average crossing at 1.3833 would signal that a short-term top has been posted while opening the door for additional weakness. First resistance is today's high crossing at 1.4245. Second resistance is the 87% retracement level of the 2016-2020-decline crossing at 1.4577. First support is the 10-day moving averagecrossing at 1.3958. Second support is the 20-day moving average crossing at 1.3833.
The March Swiss Franc closed lower on Wednesday as it extends the decline off January's high.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 the decline off Tuesday's high, the November 23rd low crossing at 1.0972 is the next downside target. Closes above the 20-day moving average crossing at 1.1170 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.1170. Second resistance is the 50-day moving average crossing at 1.1252. First support is today's low crossing at 1.1001. Second support is the November 23rd low crossing at 1.0972.
The March Canadian Dollar closed sharply higher on Wednesday as it extends the rally off November'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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off January's low, the 87% retracement level of the 2018-2020-decline crossing at 80.51 is the next upside target. Closes below the 50-day moving average crossing at 78.55 would signal that a short-term top has been posted. First resistance is today's high crossing at 79.90. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at 80.51. First support is the 50-day moving average crossing at 78.55. Second support is January's low crossing at77.63.
The March Japanese Yen closed lower on Wednesday erasing most of the rally off last-Wednesday's low. 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 March renews the decline off January's high, the 62% retracement level of the 2020-2021-rally crossing at 0.0934 is the next downside target. Multiple closes above the 20-day moving average crossing at 0.0952 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.0952. Second resistance is the February 10th high crossing at 0.0958. First support is the 50% retracement level of the 2020-2021-rally crossing at 0.0942. Second support is the 62% retracement level of the 2020-2021-rally crossing at 0.0934.
PRECIOUS METALS? http://quotes.ino.com/ex?changes/?c=metals ""
April gold 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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $1819.00 are needed to confirm that a short-term low has been posted. If April resumes the decline off January's high, the 50% retracement level of the 2019-2020-rally crossing at $1725.30. is the next downside target. First resistance is the 20-day moving average crossing at $1819.00. Second resistance is the 50-day moving average crossing at $1953.30. First support is last-Friday's low crossing at $1759.00. Second support is the 50% retracement level of the 2019-2020-rally crossing at $1725.30.
May silver closed 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off last-Friday's low, February's high crossing at 30.350 is the next upside target. Closes below the 50-day moving average crossing at 26.393 would confirm that a short-term top has been posted. First resistance is February's high crossing at 30.350. Second resistance is monthly resistance on the continuation chart crossing at 30.727. First support is the 50-day moving average crossing at 26.393. Second support is the January 27th low crossing at 24.715.
May copper closed higher on Wednesday as it extends the rally off February'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 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, the August2011 high on the monthly continuation chart crossing at 454.00 is the next upside target. Closes below the 20-day moving average crossing at 377.70 would signal that a short-term top has been posted. First resistance is today's high crossing at 433.00. Second resistance is the the August2011 high on the monthly continuation chart crossing at 454.00. First support is the 10-day moving average crossing at 396.37. Second support is the 20-day moving average crossing at 377.70.
GRAINS? http://quotes.ino.com/ex?changes/?c=grains "
May Corn closed up $0.04 1/2-cents at $5.57.
May corn closed higher on Wednesday as it extends the rally off February's low. The high-range close sets the stage for a steady to higher opening when Thursday's night sessions begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above February's high crossing at $5.72 are needed to renew the rally off August's low. If May renews last-week's decline, the 25% retracement level of the August-January-rally crossing at $5.14 is the next downside target. First resistance is February's high crossing at $5.72. Second resistance is the 62% retracement level of the 2012-2019-decline crossing at $6.36. First support is the 25% retracement level of the August-January-rally crossing at $5.14. Second support is the 50-day moving average crossing at $5.07 3/4.
May wheat closed up $0.15 1/4-cents at $6.85 1/2.
May wheat closed sharply higher on Wednesday as it extends the rally off February'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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the aforementioned rally, January's high crossing at $6.93 is the next upside target. Closes below the 20-day moving average crossing at $6.54 1/2 would signal that a short-term top has been posted while opening the door for additional weakness near-term.First resistance is January's high crossing at $6.93. Second resistance is monthly resistance on the monthly continuation chart crossing at $7.34 1/4. First support is the 20-day moving average crossing at $6.54 1/2. Second support is the 50-day moving average crossing at $6.44.
May Kansas City Wheat closed down $0.15 3/4-cents at $6.63.
May Kansas City wheat closed higher on Wednesday and posted a new contract high. The high-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 bullish signaling that sideways to higher prices are possible near-term. If May extends this winter's rally, the December-2014 high on the monthly continuation chart crossing at $7.05 3/4 is the next upside target. Closes below the 20-day moving average crossing at $6.35 would signal that a short-term top has been posted. First resistance is today's high crossing at $6.64. Second resistance is the December-2014 high on the monthly continuation chart crossing at $7.05 3/4. First support is the 20-day moving average crossing at $6.35. Second support is the 50-day moving average crossing at $6.16 3/4.
May Minneapolis wheat closed up $0.09 1/2-cents at $6.57 1/2.
May Minneapolis wheat closed 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. If May extends today's rally, January's high crossing at $6.62 is the next upside target. Closes below the 20-day moving average crossing at $6.37 3/4 would signal that a short-term top has been posted. First resistance is January's high crossing at crossing at $6.62. Second resistance is monthly resistance crossing at $6.77. First support is the 20-day moving average crossing at $6.37 3/4. Second support is the 50-day moving average crossing at $6.20.
SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains "
May soybeans closed up $0.17 1/4-cents at $14.25 3/4.
May soybeans closed higher on Wednesday as it extends Tuesday's rally. 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 bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off January's low, January's high crossing at $14.33 is the next upside target. Closes below the 20-day moving average crossing at $13.76 1/2 would signal that a short-term top has been posted. First resistance is January's high crossing at $14.33. Second resistance is the 75% retracement level of the 2012-2019-decline on the monthly chart crossing at $15.39 1/4. First support is the 20-day moving average crossing at $13.76 1/2. Second support is the 50-day moving average crossing at $13.35 1/2.
May soybean meal closed up $1.30 to $427.30.
May soybean meal closed higher on Wednesday as it extends the trading range of the past five-weeks. The low-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 February 9th high crossing at $442.10 would signal that a short-term low has been posted. Closes below the February 11th low crossing at $418.30 would renew the decline off January's high while opening the door for additional weakness near-term. First resistance is January's high crossing at $471.40. Second resistance is monthly resistance crossing at $478.40. First support is the February 11th low crossing at $418.30. Second support is the 38% retracement level of the August-January rally crossing at $396.90.
May soybean oil closed up 166 pts. at 50.03.
May soybean oil closed sharply higher on Wednesday as it posted a new contract 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off October's low, the 62% retracement level of the 2008-2020-decline the monthly continuation chart crossing at 53.45 is the next upside target. Closes below the 20-day moving average crossing at 45.44 would confirm that a short-term top has been posted. First resistance is today's high crossing at 50.39. Second resistance is the 62% retracement level of the 2008-2020-decline the monthly continuation chart crossing at 53.45. First support is the 10-day moving average crossing at 46.69. Second support is the 20-day moving average crossing at 45.44.
LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock
April hogs closed up $3.00 at $89.43.
April hogs gapped up and closed limit up on Wednesday as it extends the rally off November'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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April renews the rally off November's low, the 87% retracement level of the 2019-2020-decline on the weekly continuation chart crossing at $92.25 is the next upside target. Closes below the 20-day moving average crossing at $81.77 would signal that a short-term top has been posted. First resistance is today's high crossing at $89.43. Second resistance is the 87% retracement level of the 2019-2020-decline on the weekly continuation chart crossing at $92.25. First support is the 10-day moving average crossing at $85.28. Second support is the 20-day moving average crossing at $81.77.
April cattle closed up $1.03 at $122.23
April cattle closed higher on Wednesday as it consolidates some of the decline off last-Tuesday's high. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible. If April extends the decline off last-Tuesday's high, the 50-day moving average crossing at $120.58 is the next downside target. Closes above the 10-day moving average crossing at $123.40 would signal that a short-term low has been posted. If April renews the rally off October's low, the December-2019 high on the monthly continuation chart crossing at $127.90 is the next upside target. First resistance is last-Tuesday's high crossing at $126.70. Second resistance is the December-2019 high crossing at $127.90. First support is the 50-day moving average crossing at $120.58. Second support is the 38% retracement level of the October-February rally crossing at $119.86.
April Feeder cattle closed up $2.15 at $144.75.
April Feeder cattle closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If April resumes the rally off February's low, January's high crossing at $147.00 is the next upside target. Closes below the 50-day moving average crossing at $141.97 would signal that a short-term top has been posted. First resistance is February's high crossing at $145.80. Second resistance is January's high crossing at $147.00. First support is February's low crossing at $140.05. Second support is January's low crossing at $135.03.
FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food
May coffee closed lower on Wednesday as it consolidates some of the rally off November's low. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the aforementioned rally, the 87% retracement level of the 2019-2020-decline crossing at 14.42 is the next upside target. Closes below the 50-day moving average crossing at 12.71 would signal that a short-term top has been posted.
May cocoa closed sharply higher on Wednesday as it extended the rally off last-Wednesday's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off last-Wednesday's low, January's high crossing at 25.89 is the next upside target. Closes below the 10-day moving average crossing at 24.55 would confirm that a short-term top has been posted.
May sugar closed higher on Wednesday. The high-range close set the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off last-April's low, weekly resistance crossing at 18.42 is the next upside target. Closes below the 20-day moving average crossing at 15.89 would signal that a short-term top has been posted.
May cotton closed higher on Wednesday as it extends this year's rally. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off April's low, the June-2018 high on the weekly continuation chart crossing at 96.50 is the next upside target. Closes below the 20-day moving average crossing at 86.79 would signal that a short-term top has been posted.
Thanks tallpine!