KEY EVENTS TO WATCH FOR:

Monday, May 10, 2021 

10:00 AM ET. April Employment Trends Index

                       ETI (previous 102.44)

                       ETI, Y/Y%

Tuesday, May 11, 2021 

6:00 AM ET. April NFIB Index of Small Business Optimism

                       Small Business Idx (previous 98.2)

7:45 AM ET. Weekly Chain Store Sales Index

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, M/M%

                       Ret Sales Mo-to-Date, Y/Y% (previous +13.7%)

                       Latest Wk, Y/Y% (previous +14.2%)

10:00 AM ET. March Job Openings & Labor Turnover Survey

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous -7.7M)

                       Gasoline Stocks, Net Chg (Bbls) (previous -5.3M)

                       Distillate Stocks, Net Chg (Bbls) (previous -3.5M)

Wednesday, May 12, 2021 

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 700.4)

                       Composite Idx, W/W% (previous -0.9%)

                       Purchase Idx-SA (previous 274.5)

                       Purchase Idx-SA, W/W% (previous -2.5%)

                       Refinance Idx (previous 3188.7)

                       Refinance Idx, W/W% (previous +0.1%)

8:30 AM ET. April Real Earnings

8:30 AM ET. April CPI

                       CPI, M/M% (previous +0.6%)

                       Core CPI, M/M% (previous +0.3%)

                       Energy Idx, M/M% (previous +5.0%)

                       Food Idx, M/M% (previous +0.1%)

                       Real Avg Wkly Pay-Infla Adj, M/M% (previous +0.1%)

                       CPI, Y/Y% (previous +2.6%)

                       Core Annual, Y/Y% (previous +1.6%)

10:00 AM ET. Online Help Wanted Index

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 485.117M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous -7.99M)

                       Gasoline Stocks (Bbl) (previous 235.811M)

                       Gasoline Stocks, Net Chg (Bbl) (previous +0.737M)

                       Distillate Stocks (Bbl) (previous 136.153M)

                       Distillate Stocks, Net Chg (Bbl) (previous -2.896M)

                       Refinery Usage (previous 86.5%)

                       Total Prod Supplied (Bbl/day) (previous 19.691M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous -0.704M)

11:00 AM ET. Federal Reserve Bank of New York's Q1 Household Debt and Credit Report

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)

2:00 PM ET. April Monthly Treasury Statement of Receipts & Outlays of the U.S. Govt.

Thursday, May 13, 2021 

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

                       Jobless Claims (previous 498K)

                       Jobless Claims, Net Chg (previous -92K)

                       Continuing Claims (previous 3690000)

                       Continuing Claims, Net Chg (previous +37K)

8:30 AM ET. April PPI

                       PPI, M/M% (previous +1.0%)

                       Ex-Food & Energy PPI, M/M% (previous +0.7%)

                       Personal Consumption (previous +0.7%)

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

                       Corn (Metric Tons) (previous 243.6K)

                       Soybeans (Metric Tons) (previous 358.2K)

                       Wheat (Metric Tons) (previous 304.1K)

9:45 AM ET. Bloomberg Consumer Comfort Index

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

                       Working Gas In Storage (Cbf) (previous 1958B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +60B)

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings

Friday, May 14, 2021 

8:30 AM ET. April Advance Monthly Sales for Retail & Food Services

                       Overall Sales-SA, M/M% (previous +9.8%)

                       Sales, Ex-Auto, M/M% (previous +8.4%)

                       Sales, Ex-Auto & Gas, M/M% (previous +8.2%)

8:30 AM ET. April Import & Export Price Indexes

                       Import Prices (previous +1.2%)

                       Non-Petroleum Prices (previous +0.9%)

                       Petroleum Prices (previous +6.7%)

9:15 AM ET. April Industrial Production & Capacity Utilization

                       Industrial Production, M/M% (previous +1.4%)

                       Capacity Utilization % (previous 74.4%)

                       Capacity Utilization, Net Chg (Pts) (previous +1)

10:00 AM ET. March Manufacturing & Trade: Inventories & Sales

                       Total Inventories (previous +0.5%)

10:00 AM ET. May University of Michigan Survey of Consumers – preliminary

                       Mid-Mo Sentiment (previous 86.5)

                       Mid-Mo Expectations (previous 79.7)

                       Mid-Mo Current Idx (previous 97.2)

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

The Dow closed higher on Friday as it extends this year's rally into uncharted territory. The high-range close sets the stage for a steady to higher opening when Monday'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 the Dow extends the rally off January's low into uncharted territory, upside targets hard to project. Closes below the April-20^th low crossing at 33,687.01 would signal that a short-term top has been posted. First resistance is today's high crossing at 34,777.58. Second resistance is unknown. First support is the April-20^th low crossing at 33,687.01. Second support is the 50-day moving average crossing at 33,143.54. 

The June NASDAQ 100 closed higher on Friday as it consolidated some of Tuesday's decline. The mid-range close sets the stage for a steady to higher opening when Monday'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 this week's decline, the 50-day moving average crossing at 13,352.72 is the next downside target. Closes above the 20-day moving average crossing at 13,834.46 would signal that a short-term low has been posted. First resistance is the April 16^thhigh crossing at 14,059.50. Second resistance is unknown. First support is the 50-day moving average crossing at 13,353.72. Second support is the March 25^th low crossing at 12,609.75. 

The June S&P 500 closed higher on Friday as it extended this year's into uncharted territory. The high-range close sets the stage for a steady to higher opening when Wednesday'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 March's low into uncharted territory, upside targets will be hard to project. Closes below Tuesday's low crossing at 4120.50 would signal that a short-term top has been posted. First resistance is today's high crossing at 4232.25. Second resistance is unknown. First support is Tuesday's low crossing at 4120.50. Second support is the 50-day moving average crossing at 4023.95.  

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

June T-bonds closed down 21/32's at 158-00. 

June T-bonds posted a downside reversal as it closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday'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 156-30 would confirm that a short-term top has been posted. If June renews the rally off March's low, the 38% retracement level of the 2020-2021-decline crossing at 162-31 is the next upside target. First resistance is today's high crossing at 160-15. Second resistance is the 38% retracement level of the 2020-2021-decline crossing at 160-15. First support is the April-29^th low crossing at 156-06. Second support is the March 18th low crossing at 153-07. 

June T-notes closed up 20-points at 132.235.

June T-notes closed higher on Friday. The low-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought, diverging and turning neutral to bearish signaling that a short-term top might be in or is near. If June extends the rally off April's low, the 38% retracement level of the 2020-2021-decline crossing at 134.054 is the next upside target. Closes below the 50-day moving average crossing at 132.026 would signal that a short-term top has been posted. First resistance is the 25% retracement level of the 2020-2021-decline crossing at 133.001. Second resistance is March's high crossing at 133.230. First support is the April 29th low crossing at 131.185. Second support is April's low crossing at 130.255. 

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

June crude oil closed slightly higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $62.22 would signal that a short-term top has been posted. If May extends the rally off March's low, March's high crossing at $67.99. First resistance is Wednesday's high crossing at $66.76. Second resistance is March's high crossing at $67.98. First support is the 50-day moving average crossing at $62.22. Second support is the March 23^rd low crossing at $57.25. 

June heating oil closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night trading session begins. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 87% retracement level of the 2018-2020-decline crossing at $213.75 is the next upside target. Closes below the 50-day moving average crossing at $187.13 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $202.78. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $213.75. First support is the 10-day moving average crossing at $195.63. Second support is the 20-day moving average crossing at $191.25. 

June unleaded gas closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $201.14 would signal that a short-term top has likely been posted. If June extends the rally off March's low, the October-2018 high crossing at $221.33 is the next upside target. First resistance is Wednesday's high crossing at $218.24. Second resistance is the October-2018 high crossing at $221.33. First support is the 10-day moving average crossing at $209.19. Second support is the 20-day moving average crossing at $205.24.  

June Henry natural gas closed higher on Friday as it extended the trading range of the past two-week's. The high-range close sets the stage for a steady to higher opening when Monday'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 June extends the rally off March's low, the 87% retracement level of the February-March-decline crossing at 3.011. Closes below the 20-day moving average crossing at 2.847 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at 3.001. Second resistance is the 87% retracement level of the February-March-decline crossing at 3.011. First support is the 20-day moving average crossing at 2.847. Second support is the 50-day moving average crossing at 2.757. 

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

The June Dollar closed sharply lower on Friday as it renewed the decline off March's high. The low-range close sets the stage for a steady to lower opening when Monday'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 extends the decline off March's high, the 87% retracement level of the February-March-rally crossing 89.71 is the next downside target. Closes above the 50-day moving average crossing at 91.71 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 91.16. Second resistance is the 50-day moving average crossing at 91.71. First support is the 75% retracement level of the February-March-rally crossing 90.23. Second support is the 87% retracement level of the February-March-rally crossing 89.71.   

The June Euro closed higher on Friday as it extended the rally off March's low. The high-range close sets the stage for a steady to higher opening when Monday'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 June extends the rally off March's low, the 75% retracement level of the January-March-decline crossing at 122.27 is the next upside target. Closes below the 50-day moving average crossing at 119.71 would signal that a short-term top has been posted. First resistance is today's high crossing at 121.77. Second resistance is the 75% retracement level of the January-March-decline crossing at 122.27. First support is the 50-day moving average crossing at 119.71. Second support is the April 8^th low crossing at 118.76. 

The June British Pound closed higher on Friday while extending the March-April trading range. The high-range close sets the stage for a steady to higher opening when Monday'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 March's high crossing at 1.4020 would mark an upside breakout of the aforementioned trading range. If June extends today's rally, February's high crossing at 1.4245 is the next upside target. Closes below Monday's low crossing at 1.3801 would confirm that a short-term top has been posted. First resistance is March's high crossing at 1.4020. Second resistance is February's high crossing at 1.4245. First support is Monday's low crossing at 1.3801. Second support is April's low crossing at 1.3671.

The June Swiss Franc closed higher on Friday.The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off April's low, the 75% retracement level of the January-April-decline crossing at 1.1233 is the next upside target. Closes below the 20-day moving average crossing at 1.0946 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the January-April-decline crossing at 1.1117. Second resistance is the 75% retracement level of the January-April-decline crossing at 1.1233. First support is the 20-day moving average crossing at 1.0946. Second support is the 50-day moving average crossing at 1.0849.

The June Canadian Dollar closed higher on Friday as it extended the rally off April's low. The high-range close sets the stage for a steady to higher opening when Monday'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 June extends the aforementioned rally, the September-2017 high crossing at 82.91 on the monthly continuation chart is the next upside target. Closes below the 20-day moving average crossing at 80.61 would signal that a short-term top has been posted. First resistance is today's high crossing at 82.47. Second resistance is the September-2017 high crossing at 82.91. First support is the 10-day moving average crossing at 81.40. Second support is the 20-day moving average crossing at 80.61. 

The June Japanese Yen closed higher on Friday as it consolidated some of last-week's decline. The high-range close sets the stage for a steady to higher opening when Monday’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 renews the rally off March's low, the 50% retracement level of the January-March-decline crossing at 0.0939 is the next upside target. If June extends the decline off April's high, the April-9^th low crossing at 0.0910 is the next downside target. First resistance is the 38% retracement level of the January-March-decline crossing at 0.0930. Second resistance is the 50% retracement level of the January-March-decline crossing at 0.0939. First support is the April-9^th low crossing at 0.0910. Second support is March's low crossing at 0.0918.

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

June gold closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday'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 June renews the rally off the 50% retracement level of the August-March decline crossing at $1893.00 is the next upside target. Closes below the 50-day moving average crossing at $1746.50 would signal that a short-term top has been posted. First resistance is today's high crossing at $1844.60. Second resistance is the 50% retracement level of the August-March decline crossing at $1893.00. First support is the 50-day moving average crossing at $1746.50. Second support is the April-13^th low crossing at $1723.20.  

July silver closed higher on Friday as it extended the rally off March's low. The high-range close sets the stage for a steady to higher opening when Monday'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 July extends the rally off March's low, the 75% retracement level of the February-March-decline crossing at 28.451 is the next upside target. Closes below the 20-day moving average crossing at 26.229 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the February-March-decline crossing at 27.628. Second resistance is the 75% retracement level of the February-March-decline crossing at 28.451. First support is the 20-day moving average crossing at 26.229. Second support is the April-13^th low crossing at 24.725. 

July copper closed sharply higher on Friday as it posted a new all-time high while extending the rally off last-October's low. The high-range close sets the stage for a steady to higher opening when Monday'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 July extends the aforementioned rally, upside targets will be hard to project. Closes below the 20-day moving average crossing at 436.32 would confirm that a short-term top has been posted. First resistance is today's high crossing at 475.10. Second resistance is unknown. First support is the 10-day moving average crossing at 452.96. Second support is the 20-day moving average crossing at 436.32. 

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

July Corn closed up $0.13 1/2-cents at $7.32 1/4. 

July corn closed higher on Friday as it extended the rally off March's low. The high-range close sets the stage for a steady to higher opening when Monday's night sessions begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the aforementioned rally, the 87% retracement level of the 2012-2020-decline crossing at $7.73 is the next upside target. Closes below the 20-day moving average crossing at $6.35 1/4 would signal that a short-term top has been posted. First resistance is today's high crossing at $7.32 1/4. Second resistance is the 87% retracement level of the 2012-2020-decline crossing at $7.73. First support is the 10-day moving average crossing at $6.81. Second support is the 20-day moving average crossing at $6.35 1/4. 

July wheat closed down $0.08 1/2-cents at $7.61 3/4.  

July wheat closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July renews this year's rally, psychological resistance crossing at $8.00 is the next upside target. Closes below the 20-day moving average crossing at $7.00 would signal that a short-term top has been posted. First resistance is April's high crossing at $7.15 1/4. Second resistance is psychological resistance crossing at $8.00. First support is the 20-day moving average crossing at $7.00. Second support is the 50-day moving average crossing at $6.57.

July Kansas City Wheat closed down $0.10-cents at $7.36 3/4.

July Kansas City wheat closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July resumes the rally off March's low, the 38% retracement level of the 2008-2019-decline on the monthly continuation chart crossing at $7.64 1/4 is the next upside target. Closes below the 20-day moving average crossing at $6.67 1/4 would signal that a short-term top has been posted. First resistance is today's high crossing at $7.41 1/2. Second resistance is the 38% retracement level of the 2008-2019-decline on the monthly continuation chart crossing at $7.64 1/4. First support is the 10-day moving average crossing at $7.08 1/4. Second support is the 20-day moving average crossing at $6.67 1/4.

July Minneapolis wheat closed up $0.07-cents at $7.97 1/2. 

July Minneapolis wheat closed higher on Friday as it extended the rally off April's low. The mid-range close sets the stage for a steady to higher opening when Monday'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 July extends the rally off April's low, the 87% retracement level of the 2017-2020 decline on the monthly continuation chart crossing at $8.18 1/2 is the next upside target. Closes below the 20-day moving average crossing at $7.21 would signal that a short-term top has been posted. First resistance is today's high crossing at $8.07 1/4. Second resistance is the 87% retracement level of the 2017-2020 decline on the monthly continuation chart crossing at $8.18 1/2. First support is the 10-day moving average crossing at $7.63 1/4. Second support is the 20-day moving average crossing at $7.21.   

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

July soybeans closed up $0.20 1/4-cents at $15.89 3/4.

July soybeans closed higher on Friday as it renewed the rally off March's low. The high-range close sets the stage for a steady to higher opening when Monday'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 July extends the rally off last-April's low, the 87% retracement level of the 2012-2019-decline crossing at $16.59 1/4 is the next upside target. Closes below the 20-day moving average crossing at $14.88 3/4 would signal that a short-term top has been posted. First resistance is psychological resistance crossing at $16.00. Second resistance is the 87% retracement level of the 2012-2019-decline crossing at $16.59 1/4. First support is the 10-day moving average crossing at $15.37 1/4. Second support is the 20-day moving average crossing at $14.88 3/4..

July soybean meal closed up $14.50 to $441.80. 

July soybean meal closed sharply higher on Friday as it renewed the rally off March's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the rally off March's low, January's high crossing at $458.20 is the next upside target. Closes below the 50-day moving average crossing at $412.60 would signal that a short-term top has been posted. First resistance is today's high crossing at $443.40. Second resistance is January's high crossing at $458.20. First support is the 50-day moving average crossing at $412.60. Second support is April's low crossing at $399.40.       

July soybean oil closed up 13-pts. at 64.48. 

July soybean oil closed higher on Friday and posted a new high for the year. The low-range close sets the stage for a steady to slightly higher opening when Monday'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 July extends this year's rally, the March-2008 high on the monthly continuation chart crossing at 71.26 is the next upside target. Closes below the 10-day moving average crossing at 62.40 would signal that a short-term top has been posted. First resistance is today's high crossing at 66.28. Second resistance is the March-2008 high on the monthly continuation chart crossing at 71.26. First support is the 10-day moving average crossing at 62.40. Second support is the 20-day moving average crossing at 58.39.     

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

June hogs closed down $1.63 at $112.85. 

June hogs closed lower on Friday as it consolidated some of the rally off April's low. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off November's low, the 87% retracement level of the 2014-2016 decline on the monthly continuation chart crossing at $121.70 is the next upside target. Closes below the 20-day moving average crossing at $107.90 would signal that a short-term top has likely been posted. First resistance is Thursday's high crossing at $115.00. Second resistance is the 87% retracement level of the 2014-2016 decline on the monthly continuation chart crossing at $121.70. First support is the 20-day moving average crossing at $107.90. Second support is the 50-day moving average crossing at $103.76. 

June cattle closed up $0.55 at $116.03. 

June cattle closed higher on Friday. The mid-range close sets the stage for a steady to higher opening on Monday. 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 $117.17 would signal that a short-term low has been posted. If June renews the decline off April's high, the 50% retracement level of the October-April-rally crossing at $114.37 is the next downside target. First resistance is the 20-day moving average crossing at $117.17. Second resistance is the 50-day moving average crossing at $119.31. First support is the 50% retracement level of the October-April-rally crossing at $114.37. Second support is the 62% retracement level of the October-April-rally crossing at $111.71.

August Feeder cattle closed up $0.88 at $144.28. 

August Feeder cattle closed higher on Friday as it consolidated some of the decline off April's high. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If August extends the aforementioned decline, the 87% retracement level of the October-April-rally crossing at $138.45 is the next downside target. Closes above the 20-day moving average crossing at $150.61 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $146.91. Second resistance is the 20-day moving average crossing at $150.61. First support is the 75% retracement level of the October-April-rally crossing at $141.77. Second support is the 87% retracement level of the October-April-rally crossing at $138.45.           

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

July coffee posted an inside day with a lower close on Friday as it consolidated some of the rally off March's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off March's low, the November-2016 high crossing at 17.60 is the next upside target. Closes below the 20-day moving average crossing at 13.97 would signal that a short-term top has been posted.            

July cocoa closed higher on Friday as it extended this week's short covering rally. The high-range close sets the stage for a steady to higher opening on Monday. 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 24.79 would signal that a low has been posted. If July extends the decline off April's high, November's low crossing at 22.51 is the next downside target.               

July sugar closed lower on Friday. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July renews the rally off March's low, weekly resistance crossing at 18.42 is the next upside target. Closes below the 20-day moving average crossing at 16.78 would signal that a short-term top has been posted.        

July cotton closed lower on Friday. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off March's low, February's high crossing at 96.22 is the next upside target. Closes below the 20-day moving average crossing at 86.99 would signal that a short-term top has been posted.