INO Evening Market Comments
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Started by tallpine - March 24, 2021, 4:10 p.m.

KEY EVENTS TO WATCH FOR:



Thursday, March 25, 2021 



8:30 AM ET. 4th Quarter 3rd estimate GDP



                       Annual Rate, Q/Q% (previous +4.1%)



                       Chain-Weighted Price Idx, Q/Q% (previous +2.1%)



                       Corporate Profits, Q/Q%



                       PCE Price Idx, Q/Q% (previous +1.6%)



                       Purchase Price Idx, Q/Q% (previous +1.8%)



                       Real Final Sales, Q/Q% (previous +3%)



                       Core PCE Price Idx, Ex-Food/Energy, Q/Q% (previous +1.4%)

                       

                       Personal Consumption, Q/Q% (previous +2.4%)



8:30 AM ET. 4th Quarter Corporate Profits



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



                       Jobless Claims (previous 770K)



                       Jobless Claims, Net Chg (previous +45K)



                       Continuing Claims (previous 4124000)



                       Continuing Claims, Net Chg (previous -18K)



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



                       Corn (Metric Tons) (previous 1226.8K)



                       Soybeans (Metric Tons) (previous 202.4K)



                       Wheat (Metric Tons) (previous 529.1K)



9:45 AM ET. Bloomberg Consumer Comfort Index



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



                       Working Gas In Storage (Cbf) (previous 1782B)



                       Working Gas In Storage, Net Chg (Cbf) (previous -11B)

                       

11:00 AM ET. March Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing



                       Mfg Activity Idx (previous 26)



                       6-Mo Exp Prod Idx (previous 44)



                       Mfg Composite Idx (previous 24)



                       6-Mo Exp Composite Idx (previous 34)



4:30 PM ET. Federal Discount Window Borrowings



4:30 PM ET. Foreign Central Bank Holdings



Friday, March 26, 2021 



8:30 AM ET. February Personal Income & Outlays



                       Personal Income, M/M% (previous +10%)



                       Consumer Spending, M/M% (previous +2.4%)



                       PCE Price Idx, M/M% (previous +0.3%)



                       PCE Price Idx, Y/Y% (previous +1.5%)



                       PCE Core Price Idx, M/M% (previous +0.3%)



                       PCE Core Price Idx, Y/Y% (previous +1.5%)



8:30 AM ET. February Advance Economic Indicators Report



10:00 AM ET. 4th Quarter GDP by State



10:00 AM ET. February State Employment and Unemployment



10:00 AM ET. March-January University of Michigan Survey of Consumers – final



                       End-Mo Sentiment Idx (previous 76.8)



                       End-Mo Expectations Idx (previous 70.7)



                       12-Month Inflation Forecast (previous 3.3%)



                       5-Year Inflation Forecast (previous 2.7%)



                       End-Mo Current Idx (previous 86.2)


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



The Dow closed modestly higher on Wednesday due to a rebounding oil prices and Treasury yields along with a brighter outlook for the economy. Additional support came from Chevron and Dow Inc. The low-range close sets the stage for a steady to slightly 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. Closes below the 20-day moving average crossing at 32,101.49 would signal that a short-term top has been posted. If the Dow extends the rally off January's low into uncharted territory, upside targets hard to project. First resistance is last-Thursday's high crossing at 33,227.78. Second resistance is unknown. First support is the 20-day moving average crossing at 32,101.49. Second support is the 50-day moving average crossing at 31,506.78. 

 

The June NASDAQ 100 closed sharply lower on Wednesday 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 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 last-Tuesday's high crossing at 13,287.25 are needed to confirm that a short-term low has been posted and would renew the rally off March's low. Closes below last-Friday's low crossing at 12,681.75 would confirm that a short-term top has been posted while opening the door for a possible test of March's low crossing at 12,200.00. First resistance is the February 25th high crossing at 13,337.50. Second resistance is February's high crossing at 13,888.00. First support is last-Friday's low crossing at 12,681.75. Second support is March's low crossing at 12,200.00. 



The June S&P 500 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 3854.06 would signal that a short-term top has been posted. If June renews the rally off March's low into uncharted territory, upside targets will be hard to project. First resistance is last-Tuesday's high crossing at 3978.50. Second resistance is unknown. First support is the 50-day moving average crossing at 3854.06. Second support is March's low crossing at 3710.50.  



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



June T-bonds closed up 24/32's at 156-29. 

  

June T-bonds closed higher for the third day in a row on Wednesday as it consolidates some of the decline off last-Thursday'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. Closes above the 20-day moving average crossing at 156-29 would signal that a short-term low has been posted. If June renews the decline off November's high, the June-2019 low on the monthly continuation chart crossing at 152-27 is the next downside target. First resistance is the 20-day moving average crossing at 156-29. Second resistance is the February 26th high crossing at 161-02. First support is last-Thursday's low crossing at 153-07. Second support is the June-2019 low on the monthly continuation chart crossing at 152-27.



June T-notes closed up 75-pts. At 132.050.



June T-notes closed higher for the third day in a row on Wednesday as it consolidated some of last-Thursday's low. The mid-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. Closes above the 20-day moving average crossing at 132.079 are needed to confirm that a short-term low has been posted. If June resumes the decline off the January 27th high, the February-2020 low on the weekly continuation chart crossing at 130.070 is the next downside target. First resistance is the 20-day moving average crossing at 132.079. Second resistance is the March 2nd high crossing at 133.230. First support is last-Thursday's low crossing at 131.000. Second support is the February-2020 low on the weekly continuation chart crossing at 130.070. 



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



May crude oil closed sharply higher on Wednesday as news of a ship stuck in Egypt's Suez Canal threatened the flow of oil through the critical waterway. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off March's high, the 38% retracement level of the November-February-rally crossing at $55.69 is the next downside target. Closes above the 10-day moving average crossing at $62.82 are needed to signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $62.82. Second resistance is March's high crossing at $67.98.First support is Tuesday's low crossing at $57.25. Second support is the 38% retracement level of the November-February-rallycrossing at $55.69.  



May heating oil closed sharply higher on Wednesday as it consolidated some of the decline off March'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 neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off March's high, the 38% retracement level of the November-February-rally crossing at $164.17 is the next downside target. Closes above the 20-day moving average crossing at $187.24 would signal that a short-term low has been posted. First resistance is March's high crossing at $198.68. Second resistance is the the 75% retracement level of  the 2018-2020-decline crossing at $199.48. First support is Tuesday's low crossing at $174.26. Second support is the 38% retracement level of the November-February-rally crossing at $164.17.  



May unleaded gas closed sharply higher on Wednesday as it consolidated some of the decline off March'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 sideways to higher prices are possible near-term. Closes above the 10-day moving average crossing at $202.31 would signal that a short-term low has been posted. If May extends the decline off March's high, the 50-day moving average crossing at $185.41 is the next downside target. First resistance is the 10-day moving average crossing at $202.31. Second resistance is March's high crossing at $215.48. First support is the 50-day moving average crossing at $185.41. Second support is the 38% retracement level of the November-March-rally crossing at $177.06.    



May Henry natural gas closed higher on Wednesday. The mid-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 a low might be in or is near. Closes above the 20-day moving average crossing at 2.682 would signal that a short-term low has been posted. If April resumes the decline off February's high, the 87% retracement level of the December-February-rally crossing at 2.406 is the next upside target.First resistance is Monday's high crossing at 2.628. Second resistance is the 20-day moving average crossing at 2.682. First support is last-Thursday's low crossing at 2.422. Second support is the 87% retracement level of the December-February rally crossing at 2.406. 



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



The June Dollar closed higher on Wednesday and above the previous high crossing at 92.53 thereby renewing the rally off January's low. The mid-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 June extends the rally off February's low, the 50% retracement level of the September-January-decline crossing at 93.43 is the next downside target. Closes below last-Thursday's low crossing 91.29 would confirm that a short-term top has been posted. First resistance is today's high crossing at 92.62. Second resistance is the 50% retracement level of the September-January-decline crossing at 93.43. First support is last-Thursday's low crossing 91.29. Second support is the 50-day moving average crossing 90.96.   



The June Euro closed lower on Wednesday as it renewed the decline off January'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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. If June extend the decline off January's high, the 38% retracement level of the 2020-2021 rally crossing at 117.85 is the next downside target. Closes above the 20-day moving average crossing at 119.84 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 119.84. Second resistance is the 50-day moving average crossing at 120.80. First support is today's low crossing at 118.33. Second support is the 38% retracement level of the 2020-2021-rally crossing at 117.85.  



The June British Pound closed lower for the second day in a row on Wednesday as it extends the decline off February'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 becoming oversold but remain  neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this week's decline, February's low crossing at 1.3586 is the next downside target. Closes above the 20-day moving average crossing at 1.3903 would confirm that a short-term low has been posted. First resistance is the reaction high crossing at 1.4009. Second resistance is February's high crossing at 1.4245. First support is the 38% retracement level of the September-February-rally crossing at 1.3672. Second support is the 50% retracement level of the September-February-rally crossing at 1.3494.

 

The June Swiss Franc 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. If June renews the decline off January's high, the 75% retracement level of the March-January-rally crossing at 1.0586 is the next downside target. Closes above the 20-day moving average crossing at 1.0842 would signal that a short-term low has been posted. First resistance is last-Wednesday's high crossing at 1.0876. Second resistance is March's high crossing at 1.1050. First support is March's low crossing at 1.0695. Second support isthe 75% retracement level of the March-January-rally crossing at 1.0586.



The June Canadian Dollar closed slightly higher on Wednesday as it consolidates some of the decline off last-Thursday'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 remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 79.56 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If June renews the rally off January's low, the February-2018 high crossing at 82.27 is the next upside target. First resistance is the 87% retracement level of the 2018-2020-decline crossing at 80.52. Second resistance is the February-2018 high crossing at 82.27. First support is the 20-day moving average crossing at 79.56. Second support is the 50-day moving average crossing at 79.04. 



The June Japanese Yen closed unchanged on Wednesday. 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 turning neutral to bullish signaling that a low might be in or is near. Multiple closes above the 20-day moving average crossing at 0.0925 would signal that a short-term low has been posted. If June resumes the decline off January's high, last-March's low crossing at 0.0911 is the next downside target. First resistance is the 20-day moving average crossing at 0.0925. Second resistance is March's high crossing at 0.0941. First support is last-Monday's low crossing at 0.0915. Second support is last-March's low crossing at 0.0911.



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



June gold 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 turning neutral to bearish signaling that a short-term top might be in or is near. Closes below last-Thursday's low crossing at $1719.10 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If June renews the rally off March's low, the 50-day moving average crossing at $1791.20 is the next upside target. First resistance is last-Thursday's high crossing at $1754.20. Second resistance is the 50-day moving average crossing at $1791.20. First support is March's low crossing at $16.76.20. Second support is the 62% retracement level of the 2019-2020-rally crossing at $1634.70.  



May silver closed slightly 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 bearish signaling that sideways to lower prices are possible near-term. If May resumes the decline off February's high, the 75% retracement level of the November-February-rally crossing at 24.059 is the next downside target. Closes above the 50-day moving average crossing at 26.428 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 26.428. Second resistance is the February 23rd high crossing at 28.470. First support is the 62% retracement level of the November-February-rally crossing at 25.111. Second support is the 75% retracement level of the November-February-rally crossing at 24.059. 



May copper closed lower on Wednesday as it extends this month's trading range. 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 May renews the decline off February's high, the 50-day moving average crossing at 387.93 is the next downside target. If March resumes the rally off March's low, February's high crossing at 437.55 is the next upside target. First resistance is the reaction high crossing at 422.75. Second resistance is February's high crossing at 437.55. First support is the 50-day moving average crossing at 387.93. Second support is the 25% retracement level of the 2020-2021-rally crossing at 381.34.



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



May Corn closed up $0.02-cents at $5.53 1/4. 



May corn posted an inside day with a higher close on Tuesday. The mid-range close sets the stage for a steady to higher opening when Thursday's night sessions begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off March's low, February's high crossing at $5.72. Closes below the March 4th low crossing at $5.29 1/4 would signal that a short-term top has been posted while opening the door for a possible test of the 25% retracement level of the August-January-rally crossing at $5.14. First resistance is February's high crossing at $5.72. Second resistance is psychological resistance crossing at $6.00. First support is the March 4th low crossing at $5.29 1/4. Second support is the 25% retracement level of the August-January-rally crossing at $5.14. 



May wheat closed down $0.10-cents at $6.24 3/4.  



May wheat closed lower on Wednesday pressured by recent precip that has moved across portions of the Plains this week. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off February's high, the 38% retracement level of the June-January-rally crossing at $6.17 is the next downside target. Closes above the 50-day moving average crossing at $6.52 3/4 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at $6.52 3/4. Second resistance is the 50-day moving average crossing at $6.52 3/4. Second resistance is February's high crossing at $6.88 1/2. First support is Tuesday's low crossing at $6.21. Second support is the 38% retracement level of the June-January-rally crossing at $6.17.       



May Kansas City Wheat closed down $0.05 3/4-cents at $5.76 1/4.

 

May Kansas City wheat closed lower on Wednesday as it extends the decline off February'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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off February's high, the 50% retracement level of the August-March-rally crossing at $5.52 3/4 is the next downside target. Closes above the 20-day moving average crossing at $6.10 3/4 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $5.93 1/4. Second resistance is the 20-day moving average crossing at $6.10 3/4. First support is Tuesday's low crossing at $5.66 1/2. Second support is the 50% retracement level of the August-March-rally crossing at $5.52 3/4.       



May Minneapolis wheat closed down $0.03 1/4-cents at $6.27. 



May Minneapolis wheat 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 oversold but are turning neutral to bullish signaling that sideways to higher prices are possible. Closes above the 50-day moving average crossing at $6.38 1/4 are needed to confirm that a short-term low has been posted. If May extends the decline off February's high, the 38% retracement level of the December-January-rally crossing at $6.19 3/4 is the next downside target. First resistance is March's high crossing at $6.52 1/4. Second resistance is February's high crossing at $6.58 3/4. First support is Monday's low crossing at $6.21. Second support is the 38% retracement level of the December-January-rally crossing at $6.19 3/4.     

     

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



May soybeans closed up $0.09 1/2-cents at $14.32 3/4.



May soybeans closed higher on Wednesday as it extends the rally off last-Thursday'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 May extends the rally off last-Thursday's low, March's high crossing at $14.60 is the next upside target. Closes below the 50-day moving average crossing at $13.93 would signal that a short-term top has been posted. First resistance is March's high crossing at $14.60. Second resistance is psychological resistance crossing at $15.00. First support is the 50-day moving average crossing at $13.93. Second support is the February 11th low crossing at $13.36 3/4.



May soybean meal closed up $2.20 to $401.00. 



May soybean meal posted an inside day with a higher close on Wednesday as it extends the trading range of the past two-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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off January's high, the 50% retracement level of the August-January rally crossing at $376.30 is the next downside target. Closes above the 20-day moving average crossing at $410.20 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $410.20. Second resistance is the 50-day moving average crossing at $424.10. First support is the 38% retracement level of the August-January rally crossing at $396.90. Second support is the 50% retracement level of the August-January rally crossing at $376.30.      



May soybean oil closed up 46-pts. at 57.48. 



May soybean oil closed higher on Wednesday as it extends the rally off last-April'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 rally off October's low, the 75% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 59.60 is the next upside target. Closes below the 20-day moving average crossing at 53.16 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 58.25. Second resistance is the 75% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 59.60. First support is the 20-day moving average crossing at 53.16. Second support is March's low crossing at 48.62.      

 

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



April hogs closed up $1.30 at $97.78. 



April hogs gapped up and 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 that sideways to higher prices are possible near-term. If April extends the rally off November's low, the April-2019 high on the weekly continuation chart crossing at $99.83 is the next upside target. Closes below the 20-day moving average crossing at $90.74 would signal that a short-term top has been posted. First resistance is today's high crossing at $97.93. Second resistance is the April-2019 high on the weekly continuation chart crossing at $99.83. First support is the 10-day moving average crossing at $93.79. Second support is the 20-day moving average crossing at $90.74. 



April cattle closed unchanged at $119.13. 



April cattle closed unchanged on Wednesday. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bullish hinting that low might be in or is near. Closes above the 50-day moving average crossing at $120.87 would signal that a short-term low has been posted. If April renews the decline off February's high, the 50% retracement level of the October-February-rally crossing at $117.72 is the next downside target. First resistance is the 50-day moving average crossing at $120.87. Second resistance is February's high crossing at $126.70. First support is last-Friday's low crossing at $118.00. Second support is the 50% retracement level of the October-February-rally crossing at $117.72. 



April Feeder cattle closed up $2.70 at $142.45. 


April Feeder cattle closed sharply 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 extends this week's rally, last-Thursday's high crossing at $145.83 is the next upside target. Closes below last-Friday's low would open the door for a test of March's low crossing at $137.22. First resistance is last-Thursday's high crossing at $145.83. Second resistance is January's high crossing at $147.00. First support is last-Friday's low crossing at $138.43. Second support is March's low crossing at $137.22.           



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



May coffee closed lower on Wednesday. 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 May extends today's decline, the 50% retracement level of the November-February-rally crossing at 12.35 is the next downside target. Closes above the 20-day moving average crossing at 132.00 would signal that a short-term low has been posted.         



May cocoa closed lower on Wednesday as it extended the decline off March's high. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off March's high, February's low crossing at 23.69 is the next downside target. Closes above the 20-day moving average crossing at 25.56 would signal that a short-term low has been posted.            



May sugar closed higher on Wednesday as it consolidates some of the decline off February's high. The high-range close set the stage for a steady to higher opening on Thursday. 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 20-day moving average crossing at 16.10 would signal that a short-term low has been posted. If May extends the decline off February's high, the 38% retracement level of the 2020-2021-rally crossing at 14.80.      



May cotton closed lower on Wednesday as it extends the decline off February's high. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold, diverging but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends today's decline, February's low crossing at 81.06 is the next downside target. Closes above the 20-day moving average crossing at 86.95 would signal that a short-term low has been posted.

Comments
By metmike - March 24, 2021, 9:17 p.m.
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Thanks tallpine!