KEY EVENTS TO WATCH FOR:
Thursday, July 29, 2021
8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims
Jobless Claims (expected 380K; previous 419K)
Jobless Claims, Net Chg (previous +51K)
Continuing Claims (previous 3236000)
Continuing Claims, Net Chg (previous -29K)
8:30 AM ET. 2nd Quarter Advance estimate GDP
Annual Rate, Q/Q% (expected +8.5%; previous +6.4%)
Chain-Weighted Price Idx, Q/Q% (expected +5.4%; previous +4.3%)
PCE Price Idx, Q/Q% (previous +3.7%)
Purchase Price Idx, Q/Q% (previous +4.0%)
Real Final Sales 1st Est, Q/Q% (previous +9.2%)
Core PCE Price Idx, Q/Q% (previous +2.5%)
Personal Consumption, Q/Q% (previous +11.4%)
8:30 AM ET. U.S. Weekly Export Sales
Corn (Metric Tons) (previous -40.7K)
Soybeans (Metric Tons) (previous 238.3K)
Wheat (Metric Tons) (previous 478.2K)
9:45 AM ET. Bloomberg Consumer Comfort Index
10:00 AM ET. June Pending Home Sales Index
Pending Home Sales (previous 114.7)
Pending Home Sales Idx, M/M% (expected +0.5%; previous +8.0%)
Pending Home Sales Idx , Y/Y% (previous +13.1%)
10:30 AM ET. EIA Weekly Natural Gas Storage Report
Working Gas In Storage (Cbf) (previous 2678B)
Working Gas In Storage, Net Chg (Cbf) (previous +49B)
2:00 PM ET. SEC Closed Meeting
4:30 PM ET. Foreign Central Bank Holdings
4:30 PM ET. Federal Discount Window Borrowings
Friday, July 30, 2021
8:30 AM ET. June Personal Income & Outlays
Personal Income, M/M% (expected -0.4%; previous -2%)
Consumer Spending, M/M% (expected +0.6%; previous +0%)
PCE Price Idx, M/M% (previous +0.4%)
PCE Price Idx, Y/Y% (previous +3.9%)
PCE Core Price Idx, M/M% (expected +0.5%; previous +0.5%)
PCE Core Price Idx, Y/Y% (expected +3.7%; previous +3.4%)
8:30 AM ET. 2nd Quarter Employment Cost Index
ECI, Q/Q\% (expected +0.9%; previous +0.9%)
ECI, Y/Y% (previous +2.6%)
9:45 AM ET. July Chicago Business Barometer - ISM-Chicago Business Survey - Chicago PMI
PMI-Adj (expected 64.0; previous 66.1)
10:00 AM ET. July University of Michigan Survey of Consumers – final
End-Mo Sentiment Idx (expected 80.5; previous 85.5)
End-Mo Expectations Idx (previous 83.5)
12-Month Inflation Forecast (previous 4.2%)
5-Year Inflation Forecast (previous 2.8%)
End-Mo Current Idx (previous 88.6)
3:00 PM ET. June Agricultural Prices
Farm Prices, M/M% (previous +1.8%)
The STOCK INDEXES? http://quotes.ino.com/ex?changes/?c=indexes
The Dow closed lower on Wednesday as it consolidated some of the rally off last-Monday'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. Multiple closes above May's high crossing at 35,091.56 would mark an upside breakout of a three-month old trading range while opening the door for additional gains near-term. Closes below last-Monday's low would confirm that a short-term top has been posted while opening the door for a possible test of June's low crossing at 33,281.93. First resistance is Monday's high crossing at 35,135.97. Second resistance is unknown. First support is the 50-day moving average crossing at 34,468.94. Second support is last-Monday's low crossing at 33,741.76. Third support is June's low crossing at 33,271.93.
The September NASDAQ 100 posted an inside day with a higher close on Wednesday as it consolidated some of Tuesday's sharp decline.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 and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below last-Monday's low crossing at 14,445.00 would confirm that a short-term top has been posted. If September extends this year's rally into uncharted territory, upside targets will be hard to project with the index trading in uncharted territory. First resistance is Monday's high crossing at 15,134.00. Second resistance is unknown. First support is last-Monday's low crossing at 14,445.00. Second support is the 50-day moving average crossing at 14,248.03.
The September S&P 500 posted an inside day with a slightly lower close on Wednesday as it consolidated some of 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 are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this year's rally upside targets will be hard to project. Closes below the 50-day moving average crossing at 4262.22 would confirm that a short-term top has been posted while opening the door for a possible test of June's low crossing at 4126.75. First resistance is Monday's high crossing at 4416.75. Second resistance is unknown. First support is the 50-day moving average crossing at 4262.22. Second support is June's low crossing at 4126.75.
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September T-bonds closed down 4/32's at 164-28.
September T-bonds closed lower on Wednesday. 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 neutral signaling that sideways trading is possible near-term. Closes below the 20-day moving average crossing at 163-09 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If September resumes the rally of May's low, the 87% retracement level of the 2020-2021-decline crossing at 169-10 is the next upside target. First resistance is the 75% retracement level of the 2020-2021-decline crossing at 167-00. Second resistance is the 87% retracement level of the 2020-2021-decline crossing at 169-10. First support is the 20-day moving average crossing at 163-09. Second support is the 50-day moving average crossing at 160-01.
September T-notes closed up 15-pts at 134.165.
September T-notes 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 neutral to bearish signaling sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 133.219 are needed to confirm that a short-term top has been posted. If September renews the rally off April's low, the 75% retracement level of the 2020-2021-decline crossing at 135.121 is the next upside target. First resistance is the 75% retracement level of the 2020-2021-decline crossing at 135.121. Second resistance is the 87% retracement level of the 2020-2021-decline crossing at 136.087. First support is the 20-day moving average crossing at 133.219. Second support is the 50-day moving average crossing at 132.231.
ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""
September crude oil closed higher on Wednesday as it extends the rally off last-Tuesday'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 20-day moving average crossing at $70.82 signals that a short-term low has been posted while opening the door for additional gains near-term. Closes below the 50-day moving average crossing at $69.96 would signal that a short-term top has been posted. First resistance is today's high crossing at $72.60. Second resistance is the July 12th high crossing at $74.90. Third resistance is July's high crossing at $76.98. First support is the 50-day moving average crossing at $69.96. Second support is the 25% retracement level of the 2020-2021-rally crossing at $64.67. Third support is May's low crossing at $61.06.
September heating oil closed higher on Wednesday as it extends the rally off last-Tuesday'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 becoming overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off last-Tuesday's low, July's high crossing at $221.01 is the next upside target. Closes below the 10-day moving average crossing at $210.43 would signal that a short-term top has been posted. If September resumes the decline off July's high, May's low crossing at $191.71 is the next downside target. First resistance is the July 13th high crossing at $219.01. Second resistance is July's high crossing at $221.01. First support is the 10-day moving average crossing at $210.43. Second support is the 25% retracement level of the 2020-2021-rally crossing at $194.20. Third support is May's low crossing at $191.71.
September unleaded gas closed slightly lower on Wednesday ending a sixth-day rally off last-Tuesday'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 September extends the rally off last-Tuesday's low, July's high crossing at $2.3123 is the next upside target. Closes below the 50-day moving average crossing at $2.1878 would temper the near-term friendly outlook. First resistance is Tuesday's high crossing at $2.3056. Second resistance is July's high crossing at $2.3123. First support is the 50-day moving average crossing at $2.1878. Second support is last-Tuesday's low crossing at $2.0571. Third support is May's low crossing at 1.9926.
September Henry natural gas closed slightly higher on Wednesday as it consolidates some of Tuesday's sharp decline. 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 bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 3.765 would confirm that a short-term top has been posted. If September extends the rally off June's low, the November-2014 on the monthly continuation chart crossing at 4.544 is the next upside target. First resistance is Monday's high crossing at 4.165. Second resistance is the November-2014 high on the monthly continuation chart crossing at 4.544. First support is the 10-day moving average crossing at 3.880. Second support is the 20-day moving average crossing at 3.765.
CURRENCIES? http://quotes.ino.com/ex?changes/?c=currencies ""
The September Dollar closed sharply lower on Wednesday and below the 20-day moving average crossing 92.58 confirming that a short-term top has been posted while opening the door for additional weakness near-term. 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 September extends the decline off last-Wednesday's high, July's low crossing at 92.00 is the next downside target. If September renews the rally off May's low, March's high crossing at 93.43 is the next upside target. First resistance is last-Wednesday's high crossing at 93.20. Second resistance is March's high crossing at 93.43. First support is the July 6th low crossing at 92.00. Second support is the 50-day moving average crossing at 91.47.
The September Euro closed higher on Wednesday and above the 20-day moving average crossing at 118.31 would signal that a short-term low has been posted. 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 September renews the decline off May's high, March's low crossing at 117.47 is the next downside target. First resistance is the July 9th high crossing at 118.96. Second resistance is the June 26th high crossing at 119.95. First support is last-Wednesday's low crossing at 117.64. Second support is March's low crossing at 117.47.
The September British Pound closed higher on Wednesday as it extended the rally off last-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 becoming overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off last-Tuesday's low, the 50-day moving average crossing at 1.3961 is the next upside target. Closes below the 10-day moving average crossing at 1.3773 would signal that a short-term top has likely been posted. If September renews the decline off June's high, the 38% retracement level of the 2020-2021-rally crossing at 1.3223 is the next downside target. First resistance is today's high crossing at 1.3915. Second resistance is the 50-day moving average crossing at 1.3961. First support is the 10-day moving average crossing at 1.3773. Second support is the 25% retracement level of the 2020-2021-rally crossing at 1.3578.
The September Swiss Franc 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 September extends the rally off July's low, the 50-day moving average crossing at 1.1009 is the next upside target. Closes below the 20-day moving average crossing at 1.0899 would signal that a short-term top has been posted. First resistance is today's high crossing at 1.0995. Second resistance is the 50-day moving average crossing at 1.1009. First support is the July 20th low crossing at 1.0845. Second support is July's low crossing at 1.0801.
The September Canadian Dollar closed higher on Wednesday as it extended the trading range of the past four-days. 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 79.80 would signal that a short-term low has been posted while opening the door for additional gains near-term. If September resumes the decline off June's high, the January 28th low crossing at 77.72 is the next downside target. First resistance is the 20-day moving average crossing at 79.80. Second resistance is the July 14th high crossing at 80.48. First support is the January 28th low crossing at 77.72. Second support is the December 21st low crossing at 77.30.
The September Japanese Yen posted an inside day with a lower close on Wednesday. The mid-range close sets the stage for a steady 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 September renews the rally off July's low, the May 25th high crossing at 0.092170 is the next upside target. Closes below the July 14th low crossing at 0.090375 would signal that a short-term top has been posted while opening the door for a possible test of July's low crossing at 0.089605. First resistance is the May 25th high crossing at 0.092170. Second resistance is May's high crossing at 0.092295. First support is July's low crossing at 0.089605. Second support is weekly support crossing at 0.089205.
PRECIOUS METALS? http://quotes.ino.com/ex?changes/?c=metals ""
August gold closed higher on Wednesday as it extends the trading range of the past seven-days. 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 last-Friday's low crossing at $1789.10 would signal that a short-term top has been posted while opening the door for a possible test of June's low crossing at $1750.10. If August resumes the rally off June's low, the 50-day moving average crossing at $1833.70 is the next upside target. First resistance is the 50-day moving average crossing at $1833.70. Second resistance is the June 11th high crossing at $1906.20. First support is last-Friday's low crossing at $1789.10. Second support is June's low crossing at $1750.10.
September silver posted an inside day with a higher close on Wednesday as it consolidates some of the decline off May'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 September extends the decline off May's high, March's low crossing at 23.825 is the next downside target. Closes above the 20-day moving average crossing at 25.754 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 25.754. Second resistance is the 50-day moving average crossing at 26.739. First support is Tuesday's low crossing at 24.515. Second support is March's low crossing at 23.825.
September copper closed lower on Wednesday as it consolidates some of the rally off June'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 September extends the rally off July's low, June's high crossing at 471.10 is the next upside target. Closes below the 20-day moving average crossing at 433.03 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at 462.75. Second resistance is June's high crossing at 471.10. First support is the 50-day moving average crossing at 440.64. Second support is the 20-day moving average crossing at 433.03.
GRAINS? http://quotes.ino.com/ex?changes/?c=grains "
December Corn closed up $0.02 3/4-cents at $5.49.
December corn closed higher on Wednesday. Today's 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 bullish signaling that sideways to higher prices are possible near-term. Closes above the July 6th gap crossing at $5.73 1/2 would open the door for a possible test of July's high crossing at $6.11 1/4. If December renews last-week's decline, July's low crossing at $5.07 is the next downside target. First resistance is the July 6th gap crossing at $5.73 1/2. Second resistance is July's high crossing at $6.11 1/4. First support is July's low crossing at $5.07. Second support is May's low crossing at $5.00 1/4.
September wheat closed up $0.14 1/4-cents at $6.88 3/4.
September wheat closed higher on Wednesday as it consolidated some of the decline off last-Tuesday'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. If September renews the rally off July's low, the 75% retracement level of the May-July-decline crossing at $7.28 1/4 is the next upside target. Closes below the 20-day moving average crossing at $6.64 3/4 would signal that a short-term top has been posted. First resistance is last-Tuesday's high crossing at $7.18. Second resistance is the 75% retracement level of the May-July-decline crossing at $7.28 1/4. First support is the 20-day moving average crossing at $6.64 3/4. Second support is July's low crossing at $6.09 1/2.
September Kansas City Wheat closed up $0.18-cents at $6.59 1/2.
September Kansas City wheat closed sharply higher on Wednesday as it consolidates some of the decline off July's high. 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 September renews the rally off July's low, the 62% retracement level of the May-July-decline crossing at $6.81 1/2 is the next upside target. Closes below the 50-day moving average crossing at $6.29 1/4 would signal that a short-term top has been posted. First resistance is last-Tuesday's high crossing at $6.74 1/4. Second resistance is the 62% retracement level of the May-July-decline crossing at $6.81 1/2 is the next upside target. First support is the 50-day moving average crossing at $6.29 1/4. Second support is July's low crossing at $5.78 1/4.
September Minneapolis wheat closed up $0.25 1/2-cents at $9.03 3/4.
September Minneapolis wheat closed sharply higher on Wednesday as it consolidated some of the decline off last-Monday'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. If September resumes the rally off June's low, the September-2011 high on the monthly continuation chart crossing at $9.83 1/2 is the next upside target. Closes below the 20-day moving average crossing at $8.66 1/2 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is last-Monday's high crossing at $9.44 1/2. Second resistance is the September-2012 high on the monthly continuation chart crossing at $9.83 1/4. First support is the 20-day moving average crossing at $8.66 1/2. Second support is the 50-day moving average crossing at $8.03.
SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains "
November soybeans closed up $0.01 1/2-cents at $13.61.
November soybeans 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 are neutral signaling that sideways trading is possible near-term. If November extends the decline off last-Monday's high, July's low crossing at $13.00 is the next downside target. If November renews the rally off June's low, June's high crossing at $14.80 is the next upside target.First resistance is July's high crossing at $14.23. Second resistance is June's high crossing at $14.80. First support is the July's low crossing at $13.00 1/2. Second support is the June 25th low crossing at $12.59 3/4.
December soybean meal closed down $3.10 to $357.80.
December soybean meal 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 have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $366.80 would signal that a double bottom with June's low has been posted. If December extends the decline off July's high, June's low crossing at $347.00 is the next downside target. First resistance is the 20-day moving average crossing at $366.80. Second resistance is the 50-day moving average crossing at $376.50. First support is Monday's low crossing at $348.70. Second support is June's low crossing at $347.00.
December soybean oil closed up 49-pts. at 63.40.
December soybean oil 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 bullish signaling that sideways to lower prices are possible near-term. If December renews the rally off June's low, June's high crossing at 67.06 is the next upside target. Closes below the 50-day moving average crossing at 61.10 would signal that a short-term top has been posted. First resistance is last-Monday's high crossing at 66.34. Second resistance is June's high crossing at 67.06. First support is the 50-day moving average crossing at 61.10. Second support is the July 7th low crossing at 58.03. Third support is the June 25th low crossing at 56.66.
LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock
August hogs closed down $1.80 at $105.68.
August hogs closed sharply lower on Wednesday as it consolidates some of the rally off June'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 August extends the rally off June's low, the 50-day moving average crossing at $108.37 is the next upside target. Closes below the 20-day moving average crossing at $104.21 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at $108.37. Second resistance is the June 17th gap crossing at $111.70. First support is the 20-day moving average crossing at $104.21. Second support is June's low crossing at $96.50. Third support is the 50% retracement level of the 2020-2021-rally crossing at $95.71.
August cattle closed up $0.15 at $123.08.
August cattle closed higher on Wednesday. The low-range close sets the stage for a steady to slightly 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 August extends the rally off the July 19th low, July's high crossing at $124.33 is the next upside target. Closes below the 50-day moving average crossing at $120.75 would signal that a short-term top has been posted. First resistance is July's high crossing at $124.33. Second resistance is June's high crossing at $125.78. First support is the 50-day moving average crossing at $120.75. Second support is the July 9th low crossing at $118.85.
August Feeder cattle closed down $0.58 at $160.13.
August feeder cattle closed lower on Wednesday as it consolidated some of the rally off the July 19th low. The low-range close sets the stage for a steady to lower opening when Thursday's session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that a double top with April's high has been posted. Closes below the 20-day moving average crossing at $158.10 would confirm that a short-term top has been posted. If August extends the rally off May's low, the 50% retracement level of the 2014-2020-decline on the monthly continuation chart crossing at $174.84 is the next upside target. First resistance is Monday's high crossing at $163.15. Second resistance is the 50% retracement level of the 2014-2020-decline on the monthly continuation chart crossing at $174.84. First support is the 20-day moving average crossing at $158.10. Second support is the 50-day moving average crossing at $155.49.
FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food
September coffee closed lower on Wednesday as it consolidated some of the rally off July's low. The mid-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 September extends the rally off July's low, monthly resistance on the continuation chart crossing at $219.00 is the next upside target. Closes below last-Thursday's gap crossing at $177.90 would signal that a short-term top might be in or is near.
September cocoa closed higher on Wednesday as it extends the rally off July'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. Today's close above the 50-day moving average crossing at 23.94 confirms that a short-term low has been posted. If September extends the rally off July's low, June's high crossing at 25.05 is the next upside target. Closes below the 10-day moving average crossing at 23.30 would signal that a short-term top has been posted.
October sugar closed higher on Wednesday as it extends the rally off July's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off July's low, the 38% retracement level of the 2011-2020-decline on the monthly continuation chart crossing at 19.47 is the next upside target. Closes below the 50-day moving average crossing at 17.46 would signal that a short-term top has been posted.
December cotton closed higher on Wednesday. The mid-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 December extends the rally off May's low, weekly resistance on the continuation chart crossing at 91.66 is the next upside target. Closes below last-Monday's low crossing at 86.35 would signal that a short-term top has been posted.
Thank you tallpine