KEY EVENTS TO WATCH FOR:

Thursday, September 2, 2021 

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

                       Job Cuts, M/M% (previous -7.49%)

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

                       Corn (Metric Tons) (previous 690.6K)

                       Soybeans (Metric Tons) (previous 1825.1K)

                       Wheat (Metric Tons) (previous 116K)

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

                       Trade Balance (USD) (previous -75.7B)

                       Exports (USD) (previous 207.7B)

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

                       Imports (USD) (previous 283.4B)

                       Imports, M/M% (previous +2.1%)

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

                       Jobless Claims (previous 353K)

                       Jobless Claims, Net Chg (previous +4K)

                       Continuing Claims (previous 2862000)

                       Continuing Claims, Net Chg (previous -3K)

8:30 AM ET. 2^nd Quarter Revised Productivity & Costs

                       Non-Farm Productivity (previous +5.4%)

                       Unit Labor Costs (previous +1.7%)

9:45 AM ET. Bloomberg Consumer Comfort Index

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

                       Total Orders, M/M% (previous +1.5%)

                       Orders, Ex-Defense, M/M% (previous +1.6%)

                       Orders, Ex-Transport, M/M% (previous +1.4%)

                       Durable Goods, M/M%

                       Durable Goods, M/M%

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

                       Working Gas In Storage (Cbf) (previous 2851B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +29B)

12:00 PM ET. August Monthly U.S. Retail Chain Store Sales Index

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings

Friday, September 3, 2021 

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

                       Non-Farm Payrolls (previous +943K)

                       Unemployment Rate (previous 5.4%)

                       Avg Hourly Earnings (USD) (previous 30.54)

                       Avg Hourly Earnings-Net Chg (USD) (previous +0.11)

                       Avg Hourly Earnings, M/M% (previous +0.36%)

                       Avg Hourly Earnings, Y/Y% (previous +3.98%)

                       Overall Workweek (previous 34.8)

                       Overall Workweek Net Chg (previous +0)

                       Government Payrolls (previous +240K)

                       Private Payroll (previous +703K)

                       Participation Rate (previous 61.7%)

                       Non-Farm Payrolls Bench Net Chg

9:45 AM ET. August US Services PMI

                       PMI, Services (previous 59.9)

10:00 AM ET. August ISM Report On Business Services PMI

                       Non-Mfg Composite Idx (previous 64.1)

                       Non-Mfg Business Idx (previous 67.0)

                       Prices Idx (previous 82.3)

                       Employment Idx (previous 53.8)

                       New Orders Idx (previous 63.7)

11:00 AM ET. August Global Services PMI

                       PMI, Services (previous 56.3)

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

The Dow closed lower on Wednesday as it extended the trading range of the past seven-days.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. If the Dow resumes the rally off August's low, August's high crossing at 35,631.19 is the next upside target. Closes below August's low crossing at 34,690.25 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 35,510.71. Second resistance is August's high crossing at 35,631.19. First support is the 50-day moving average crossing at 34,941.16. Second support is August's low crossing at 33,690.25.  

The September NASDAQ 100 closed higher on Wednesday as it extends this year's rally into record territory.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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 15,210.15 would confirm that a short-term top has been posted. First resistance is today's high crossing at 15,699.00. Second resistance is unknown. First support is the 20-day moving average crossing at 15,210.5. Second support is the 50-day moving average crossing at 14,949.83.

The September S&P 500 closed slightly higher on Wednesday as it extends this year's rally into uncharted territory. 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 this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 4460.51 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at 4542.25. Second resistance is unknown. First support is the 20-day moving average crossing at 4460.51. Second support is the 50-day moving average crossing at 4389.58.  

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

September T-bonds closed up 9/32's at 164-26. 

September T-bonds 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 renews the rally off August's low, August's high crossing at 167-00 is the next upside target. Closes below the 50-day moving average crossing at 163-21 would open the door for a possible test of August's low crossing at 162-17. First resistance is the August 20^th high crossing at 166-06. Second resistance is the 75% retracement level of the 2020-2021-decline crossing at 167-00. First support is the 50-day moving average crossing at 163-21. Second support is August's low crossing at 162-17.  

September T-notes closed down 5-pts at 134.010.

September T-notes 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 sideways to higher prices are possible near-term. If September extends the rally off last-Thursday's low, the August 17^th high crossing at 134.195 is the next upside target. If September resumes the decline off August's high, the July 14^th low crossing at 132.300 is the next downside target. First resistance is the August 17^th high crossing at 134.195. Second resistance is August's high crossing at 135.140. First support is August's low crossing at 133.095. Second support is the July 14^th low crossing at 132.300.  

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

October crude oil closed slightly lower on Wednesday as it consolidates some of the rally off August's low.The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $69.61 would open the door for a possible test of the July 30^th high crossing at $73.52. Closes below the 10-day moving average crossing at $66.95 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at $69.61. Second resistance is the July 30^th high crossing at $73.52. First support is the 10-day moving average crossing at $66.95. Second support is August's low crossing at $61.74. 

October heating oil closed lower on Wednesday as it consolidates some of the rally off August's low.  The mid-range close sets the stage for a steady to lower 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 October extends the aforementioned rally, the July 30^th high  crossing at $220.48 is the next upside target. Closes below the 10-day moving average crossing at $206.55 would signal that a short-term top has been posted. First resistance is Monday's high crossing at $215.69. Second resistance is the the July 30^th high  crossing at $220.48. First support is the 10-day moving average crossing at $206.55. Second support is August's low crossing at $189.71.      

October unleaded gas closed lower on Wednesday as it consolidated some of the rally off August'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. Closes below the 10-day moving average crossing at $2.0646 would signal that a short-term top has been posted. If October renews the rally off August's low, the 75% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 2.8181 is the next upside target. First resistance is Monday's high crossing at $2.2117. Second resistance isthe 75% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 2.8181. First support is the 10-day moving average crossing at $2.0646. Second support is August's low crossing at $1.8726.    

October Henry natural gas closed higher on Wednesday as it extends this year'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 remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends this month's rally, the 38% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 4.817 is the next upside target. Closes below the 50-day moving average crossing at 3.886 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is today's high crossing at 4.706. Second resistance is the 38% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 4.817. First support is the 20-day moving average crossing at 4.073. Second support is the 50-day moving average crossing at 3.886.  

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

The September Dollar closed lower on Wednesday as it extended the decline off 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 a short-term top might be in or is near. Today's close below the 50-day moving average crossing at 92.60 confirms that a short-term top has been posted while opening the door for a test of the July 30^th low crossing at 91.78. If September renews the rally off May's low, the 87% retracement level of the 2020-2021-decline crossing at 93.87 is the next upside target. First resistance is August's high crossing at 93.75. Second resistance is the 87% retracement level of the 2020-2021-decline crossing at 93.87. First support is today's low crossing at 92.38. Second support is July's low crossing at 91.78. 

The September Euro closed higher on Wednesday above the 50-day moving average crossing at 118.20 as it extended the rally off August'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 September extends the rally off August's low, the July 30^th high crossing at 119.19 is the next upside target. If September renews the decline off May's high, the 50% retracement level of the 2020-2021-rally crossing at 116.07 is the next downside target. First resistance is today's high crossing at 118.61. Second resistance is July's high crossing at 119.19. First support is August's low crossing at 116.69. Second support is the 50% retracement level of the 2020-2021-rally crossing at 116.07.

The September British Pound 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. Closes above the 50-day moving average crossing at 1.3812 are needed to confirm that a short-term low has been posted. If September renews the decline off July's high, the 25% retracement level of the 2020-2021-rally crossing at 1.3578 is the next downside target. First resistance is the 50-day moving average crossing at 1.3812. Second resistance is the July 30^th high crossing at 1.3985. First support is the 25% retracement level of the 2020-2021-rally crossing at 1.3578. Second support is minor support crossing at 1.3471.  

The September Swiss Franc closed slightly lower on Wednesday as it extended the trading range of the past three-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 neutral to bullish signaling that sideways to lower prices are possible near-term. Closes above the August 17^th high crossing at 1.0997 is needed to renew the rally off August's low. If September resumes the decline off August's high, July's low crossing at 1.0801 is the next downside target. First resistance is the August 17^th high crossing at 1.0957. Second resistance is August's high crossing at 1.1100. First support is August's low crossing at 1.0828. Second support is July's low crossing at 1.0801.

The September Canadian 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off August's low, the 50-day moving average crossing at 79.75 is the next upside target. Closes below the August 27^th low crossing at 78.69 would signal that a short-term top has been posted. If September renews the decline off June's high, the 50% retracement level of the 2020-2021-rally crossing at 76.02 is the next downside target. First resistance is the 50-day moving average crossing at 79.75. Second resistance is the July 30^th high crossing at 80.50. First support is the August 27^th low crossing at 78.69. Second support is  August's low crossing at 77.23.

The September Japanese Yen closed slightly higher on Wednesday as it extended the July-August trading range. 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 trading is possible near-term. Closes below August's low crossing at 0.090270 or above the August high crossing at 0.092000 are needed to confirm a breakout of the aforementioned trading range. First resistance is August's high crossing at 0.092000. Second resistance is May's high crossing at 0.092295. First support is August's low crossing at 0.090270. Second support is July's low crossing at 0.089605.  

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

December gold 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, July's high crossing at $1939.00 is the next upside target. Closes below the 20-day moving average crossing at $1785.50 would signal that a short-term top has been posted. First resistance is Monday's high crossing at $1826.50. Second resistance is July's high crossing at $1939.00. First support is the August 19^th low crossing at $1774.60. Second support is August's low crossing at $1677.90.  

September silver closed higher on Wednesday as it extended the rally off August'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. September extends the rally off August's low, the 50-day moving acreage crossing at 24.968 is the next upside target. If September renews the decline off May's high, the 50% retracement level of the 2020-rally crossing at 21.344 is the next downside target. First resistance is the 50-day moving average crossing at 24.968. Second resistance is August's high crossing at 26.090. First support is August's low crossing at 22.295. Second support is the 50% retracement level of the 2020-rally crossing at 21.344.   

September copper closed lower on Wednesday as it consolidates some of the rally off August'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 a short-term top might be in or is near. Closes above the August 13^th high crossing at 443.10 would open the door for a possible test of July's high crossing at 462.75. Closes below the 10-day moving average crossing at 424.93 would signal that a short-term top has been posted. First resistance is the August 13^th high crossing at 443.10. Second resistance is July's high crossing at 462.75. First support is August's low crossing at 396.15. Second support is the 38% retracement level of the 2020-2021-rally crossing at 381.46.

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

December Corn closed down $0.11 1/2-cents at $5.22 3/4. 

December corn closed lower for the third day in a row on Wednesday as it extended the decline off Monday'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 December extends the decline off August's high, July's low crossing at $5.07 is the next downside target. Closes above Monday's high crossing at $5.58 would signal that a short-term low has been posted. First resistance is Monday's high crossing at $5.58. Second resistance is August's high crossing at $5.94 1/4. First support is today's low crossing at $5.18 1/4. Second support is July's low crossing at $5.07.    

December wheat closed down $0.08-cents at $7.14 1/4.  

December wheat closed lower on Wednesday as it extends the decline off 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 December extends the decline off August's high, the 50-day moving average crossing at $7.03 is the next downside target. Closes above the 20-day moving average crossing at $7.38 1/4 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at $7.38 1/4. Second resistance is August's high crossing at $7.74 3/4. First support is Tuesday's low crossing at $7.22 1/4. Second support is the 50-day moving average crossing at $7.03.

December Kansas City Wheat closed down $0.08 at $7.04.

December Kansas City wheat closed lower on Wednesday as it extends the decline off 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 December extends the decline off August's high, the 50-day moving average crossing at $6.79 1/2 is the next downside target. Closes above last-Friday's high crossing at $7.35 1/2 would signal that a short-term low has been posted. First resistance is August's high crossing at $7.56 1/4. Second resistance on the monthly continuation chart crosses at $7.64 1/4. First support is today's low crossing at $6.97 1/4. Second support is the 50-day moving average crossing at $6.79 1/2.  

December Minneapolis wheat closed down $0.04 3/4-cents at $8.98 3/4. 

December 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 neutral to bearish signaling that sideways to lower prices is possible near-term. Closes below the August 20^th low crossing at $8.89 1/4 would confirm that a short-term top has been posted. If December 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. First resistance is August's high crossing at $9.37 1/2. Second resistance is the September-2012 high on the monthly continuation chart crossing at $9.83 1/4. First support is the August 20^th low crossing at $8.89 1/4. Second support is the August 5^th low crossing at $8.80. Third support is the 50-day moving average crossing at $8.76. 

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

November soybeans closed down $0.14 3/4-cents at $12.77 3/4.

November soybeans closed lower on Wednesday as it extends the decline off 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 becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off August's high, the June 25^th low crossing at $12.59 3/4 is the next downside target. Closes above the 50-day moving average crossing at $13.40 3/4 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at $13.40 3/4. Second resistance is the August 17^th high crossing at $13.79 3/4. First support is today's low crossing at $12.70. Second support is the June 25^th low crossing at $12.59 3/4.

December soybean meal closed down $1.80 at $343.80. 

December soybean meal closed lower on Wednesday as it extends the decline off May'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 December extends the decline off July's high, the 75% retracement level of the 2020-2021 rally crossing at $324.00 is the next downside target. Closes above the 50-day moving average crossing at $359.90 would signal that a low has been posted. First resistance is the 50-day moving average crossing at $359.90. Second resistance is the August 17^th high crossing at $367.20. First support is the 62% retracement level of the 2020-2021 rally crossing at $342.40. Second support is the 75% retracement level of the 2020-2021 rally crossing at $324.00.      

December soybean oil closed down 81-pts. at 57.94. 

December soybean oil 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off July's high, June's low crossing at 53.10 is the next downside target. Closes above the 50-day moving average crossing at 61.42 are needed to confirm that a short-term low has been posted. First resistance is the August 16^th high crossing at 64.00. Second resistance is the July 29^th high crossing at 66.55. First support is August's low crossing at 56.42. Second support is June's low crossing at $53.10. 

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

October hogs closed up $1.40 at $90.20. 

October hogs 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 87.73 would signal that a short-term top has been posted. If October extends the rally off August's low, August's high crossing at $91.73 is the next upside target. First resistance is August's high crossing at $91.73. Second resistance is July's high crossing at $94.05. First support is August's low crossing at $83.32. Second support is June's low crossing at $80.90. 

October cattle closed up $0.58 at $127.48. 

October cattle closed higher on Wednesday as it consolidates some of the decline off August's high but remains below the 50-day moving average crossing at $127.85. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off August's high, August's low crossing at $125.82 is the next downside target. Closes above the 10-day moving average crossing at $129.26 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $129.26. Second resistance is August's high crossing at $132.85. Third resistance is the May-2017 high on the monthly continuation chart crossing at $134.55. First support is August's low crossing at $125.83. Second support is July's low crossing at $124.05. 

October Feeder cattle closed down $0.08 at $167.68. 

October feeder cattle closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $166.86 would confirm that a short-term top has been posted. If October renews 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 August's high crossing at $172.55. 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 $166.86. Second support is the 50-day moving average crossing at $164.39.   

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

December 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 turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at $186.42 would signal that a short-term top has been posted. If December extends the rally off August's low, July's high crossing at $217.85 is the next upside target. 

December cocoa closed lower on Wednesday as it extends the decline off August's high. The mid-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 December extends the aforementioned decline, the 50-day moving average crossing at 24.71 is the next downside target. If December renews the rally off July's low, weekly resistance on the continuation chart crossing at 27.07 is the next upside target.                           

October sugar closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. 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 19.61 would signal that a short-term top has been posted. If October renews the rally off July's low, the February-2017 high on the monthly continuation chart crossing at 21.49 is the next upside target.        

December cotton 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 December extends this week's decline, the 50-day moving average crossing at 90.33 is the next downside target. If December resumes the rally off May's low, weekly resistance on the continuation chart crossing at 97.35 is the next upside target.