INO Evening Market Comments
2 responses | 0 likes
Started by tallpine - Sept. 23, 2021, 4:15 p.m.

KEY EVENTS TO WATCH FOR:



Thursday, September 23, 2021 



8:30 AM ET. August CFNAI Chicago Fed National Activity Index



                       NAI (previous 0.53)



                       NAI, 3-mo Moving Avg (previous 0.23)



8:30 AM ET. 2nd Quarter State Quarterly Personal Income



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



                       Jobless Claims (previous 332K)



                       Jobless Claims, Net Chg (previous +20K)



                       Continuing Claims (previous 2665000)



                       Continuing Claims, Net Chg (previous -187K)



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



                       Corn (Metric Tons) (previous 248.9K)



                       Soybeans (Metric Tons) (previous 1266.2K)



                       Wheat (Metric Tons) (previous 617.1K)



9:45 PM ET. Bloomberg Consumer Comfort Index



9:45 AM ET. September US Flash Manufacturing PMI



                       PMI, Mfg (previous 61.2)



9:45 AM ET. September US Flash Services PMI



                       PMI, Services (previous 55.2)



10:00 AM ET. August Leading Indicators



                       Leading Index, M/M% (previous +0.9%)



                       Leading Index (previous 116.0)



                       Coincident Index, M/M% (previous +0.6%)



                       Lagging Index, M/M% (previous +0.6%)



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



                       Working Gas In Storage (Cbf) (previous 3006B)



                       Working Gas In Storage, Net Chg (Cbf) (previous +83B)

                       

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



                       Mfg Activity Idx (previous 22)



                       6-Mo Exp Prod Idx (previous 46)



                       Mfg Composite Idx (previous 29)



                       6-Mo Exp Composite Idx (previous 36)



4:30 PM ET. Federal Discount Window Borrowings



4:30 PM ET. Foreign Central Bank Holdings



Friday, September 24, 2021 



10:00 AM ET. August New Residential Sales



                       New Home Sales (previous 708K)



                       New Home Sales, M/M% (previous +1.0%)



                       New Home Sales Months Supply (previous 6.2)



Monday, September 27, 2021 



8:30 AM ET. August Advance Report on Durable Goods



                       Durable Goods-SA, M/M% (previous -0.1%)



                       Dur Goods, Ex-Defense, M/M% (previous -1.2%)



                       Dur Goods, Ex-Transport, M/M% (previous +0.7%)



                       Orders: Cap Gds, Non-Def, Ex-Air, M/M% (previous +0%)

                       

                       Shipments: Cap Gds, Non-Def, Ex-Air, M/M% (previous +1.0%)

                       Ex-Air, M/M%



10:30 AM ET. September Texas Manufacturing Outlook Survey



                       Business Activity (previous 9.0)



                       Mfg Production Idx (previous 20.8)



Tuesday, September 28, 2021  



7:45 AM ET. Weekly Chain Store Sales Index



8:30 AM ET. 2nd Quarter U.S. International Investment Position



8:30 AM ET. August Advance Economic Indicators Report



8:55 AM ET. Johnson Redbook Retail Sales Index



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

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

                       Latest Wk, Y/Y%



9:00 AM ET. July S&P CoreLogic Case-Shiller Indices



                       10-City Idx, M/M% (previous +1.8%)

                       10-City Idx, Y/Y% (previous +18.5%)

                       20-City Idx, M/M% (previous +2.0%)

                       20-City Idx, Y/Y% (previous +19.1%)

                       National Idx, M/M% (previous +2.2%)

                       National Idx, Y/Y% (previous +18.6%)



9:00 AM ET. July U.S. Monthly House Price Index



10:00 AM ET. September Richmond Fed Business Activity Survey



                       Mfg Idx (previous 9)

                      Shipments Idx (previous 6)



10:00 AM ET. September Consumer Confidence Index



                       Cons Conf Idx (previous 113.8)

                       Expectation Idx

                       Present Situation Idx (previous 147.3)



1:00 PM ET. August Money Stock Measures



4:30 PM ET. API Weekly Statistical Bulletin



                       Crude Stocks, Net Chg (Bbls)

                       Gasoline Stocks, Net Chg (Bbls)

                       Distillate Stocks, Net Chg (Bbls)



Wednesday, September 29, 2021 



7:00 AM ET. MBA Weekly Mortgage Applications Survey



                       Composite Idx

                       Composite Idx, W/W%

                       Purchase Idx-SA

                       Purchase Idx-SA, W/W%

                       Refinance Idx

                       Refinance Idx, W/W%



10:00 AM ET. August Pending Home Sales Index



                       Pending Home Sales (previous 110.7)

                       Pending Home Sales Idx, M/M% (previous -1.8%)

                       Pending Home Sales Idx , Y/Y% (previous -8.5%)



10:00 AM ET. August Metropolitan Area Employment & Unemployment



10:30 AM ET. EIA Weekly Petroleum Status Report



                       Crude Oil Stocks (Bbl)

                       Crude Oil Stocks, Net Chg (Bbl)

                       Gasoline Stocks (Bbl)

                       Gasoline Stocks, Net Chg (Bbl)

                       Distillate Stocks (Bbl)

                       Distillate Stocks, Net Chg (Bbl)

                       Refinery Usage

                       Total Prod Supplied (Bbl/day)

                       Total Prod Supplied, Net Chg (Bbl/day)



Thursday, September 23, 2021 



8:30 AM ET. August CFNAI Chicago Fed National Activity Index



                       NAI (previous 0.53)

                       NAI, 3-mo Moving Avg (previous 0.23)



8:30 AM ET. 2nd Quarter State Quarterly Personal Income



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



                       Jobless Claims (expected 320K; previous 332K)



                       Jobless Claims, Net Chg (previous +20K)

                       Continuing Claims (previous 2665000)

                       Continuing Claims, Net Chg (previous -187K)

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



                       Corn (Metric Tons) (previous 248.9K)

                       Soybeans (Metric Tons) (previous 1266.2K)

                       Wheat (Metric Tons) (previous 617.1K)



9:45 AM ET. Bloomberg Consumer Comfort Index



9:45 AM ET. September US Flash Manufacturing PMI



                       PMI, Mfg (expected 61.7; previous 61.2)



9:45 AM ET. September US Flash Services PMI



                       PMI, Services (expected 54.9; previous 55.2)



10:00 AM ET. August Leading Indicators



                       Leading Index, M/M% (expected +0.7%; previous +0.9%)

                       Leading Index (previous 116.0)

                       Coincident Index, M/M% (previous +0.6%)

                       Lagging Index, M/M% (previous +0.6%)



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



                       Working Gas In Storage (Cbf) (expected 3079B; previous 3006B)

                       Working Gas In Storage, Net Chg (Cbf) (expected +73B; previous +83B)

                       

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



                       Mfg Activity Idx (previous 22)

                       6-Mo Exp Prod Idx (previous 46)

                       Mfg Composite Idx (expected 30; previous 29)

                       6-Mo Exp Composite Idx (previous 36)

2:00 PM ET. SEC Closed Meeting



4:30 PM ET. Federal Discount Window Borrowings



4:30 PM ET. Foreign Central Bank Holdings


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



The Dow closed sharply higher on Thursday as it filled Monday's gap and erased all of its losses since last-Thursday.The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 34,993.44 would signal that a short-term low has been posted. If the Dow resumes the decline off August's high, June's low crossing at 33,271.93 is the next downside target. First resistance is the 50-day moving average crossing at 34,993.44. Second resistance is the August 30th high crossing at 35,510.71. First support is Monday's low crossing at 33,655.30. Second support is June's low crossing at 33,271.93.  



The December NASDAQ 100 closed higher on Thursday as it consolidated some of the decline off September's high.The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 15,429.50 would signal that a short-term low has been posted. If December extends the decline off September's high, August's low crossing at 14,699.00 is the next downside target. First resistance is the 20-day moving average crossing at 15,429.50. Second resistance is September's high crossing at 15,702.25. First support is August's low crossing at 14,699.00. Second support is July's low crossing at 14,437.00.



The December S&P 500 closed sharply higher on Thursday as it consolidated some of the decline off September's high. The high-range close sets the stage for a steady to higher opening when Friday'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 4463.00 would signal that a short-term low has been posted. If December resumes the decline off September's high, July's low crossing at 4214.50 is the next downside target. First resistance is the 20-day moving average crossing at 4463.00. Second resistance is the September 3rd high crossing at 4539.50. First support is Monday's low crossing at 4293.75. Second support is July's low crossing at 4214.50. Third support is June's low crossing at 4117.00.  



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



December T-bonds closed down 1-25/32's at 161-31 

  

December T-bonds closed sharply lower on Thursday while extending the July-September trading range. The low-range close sets the stage for a steady to lower opening when Friday'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 September 7th low crossing at 161-20 would open the door for a possible test of August's low crossing at 161-01. If December renews the rally off September's low, August's high crossing at 165-12 is the next upside target. First resistance is last-Wednesday's high crossing at 164-24. Second resistance is August's high crossing at 165-12. First support is the September 7th low crossing at 161-20. Second support is August's low crossing at 161-01.  



December T-notes closed down 215-pts at 132.100.



December T-notes closed sharply lower on Thursday marking a downside breakout of the August-September trading range. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling sideways to lower prices are possible near-term. Today's close below last-Friday's low crossing at 132.205 opens the door for additional weakness and a possible test of the 62% retracement level of the March-August rally crossing at 131.276. Closes above the 50-day moving average crossing at 133.141 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 133.141. Second resistance is September's high crossing at 133.280. First support is today's low crossing at 132.110. Second support is the 62% retracement level of the March-August rally crossing at 131.276.  



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



November crude oil closed higher on Thursday as it resumed the rally off August's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off August's low, the July high crossing at $73.58 is the next upside target. Closes below the 50-day moving average crossing at $68.79 would confirm that a short-term top has been posted. First resistance is July's high crossing at $73.58. Second resistance is the July high on the weekly continuation chart crossing at $76.98. First support is the 50-day moving average crossing at $68.79. Second support is September's low crossing at $66.92. 



November heating oil closed higher on Thursday as it renewed the rally off August's low. The high-range close sets the stage for a steady to higher opening when Friday's night trading session begins. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off August's low, the October-2018 high crossing at $225.92 is the next upside target. Closes below the 50-day moving average crossing at $211.30 would signal that a short-term top has been posted. First resistance is today's high crossing at $224.85. Second resistance is the the October-2018 high crossing at $225.92. First support is the 20-day moving average crossing at $215.48. Second support is the 50-day moving average crossing at $211.30.       



November unleaded gas closed higher on Thursday as it consolidated some of the decline off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening when Friday'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 November resumes the rally off August's low, the July high on the monthly continuation chart crossing at 236.96 is the next upside target. Closes below the 50-day moving average crossing at $205.39 would signal that a short-term top has been posted. First resistance is last-Wednesday's high crossing at $217.09. Second resistance is the July highon the monthly continuation chart crossing at 236.96. First support is the 50-day moving average crossing at $205.39. Second support is September's low crossing at $202.25.    



November Henry natural gas closed higher on Thursday as it consolidated some of the decline off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 4.882 would signal that a short-term top has been posted. Closes above the 10-day moving average crossing at 5.139 would temper the near-term bearish outlook. If November renews the rally off August's low, the 50% retracement level of the 2008-2020-decline crossing at 5.832 is the next upside target.First resistance is the 50% retracement level of the 2008-2020-decline crossing at 5.832. Second resistance is the June-2013 high on the monthly chart crossing at 6.109. First support is the 20-day moving average crossing at 4.8826. Second support is the September 7th low crossing at 4.608.  



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



The December Dollar closed sharply lower on Thursday as it consolidated some of the rally off September's low. The low-range close sets the stage for a steady to lower opening when Friday'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 September's low, August's high crossing at $93.71 is the next upside target. Closes below the 20-day moving average crossing at $92.68 would signal that a short-term top has been posted. First resistance is today's high crossing at 93.53. Second resistance is August's high crossing at 93.71. First support is the 20-day moving average crossing at $92.68. Second support is last-Tuesday's low crossing at $92.29. Third support is September's low crossing at 91.94.  



The December Euro closed higher on Thursday as it consolidated some of the decline off September's high. The high-range close sets the stage for a steady to higher opening when Friday'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 aforementioned decline, August's low crossing at 116.90 is the next downside target. Closes above the 50-day moving average crossing at 118.14 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 118.14. Second resistance is September's high crossing at 119.32. First support is today's low crossing at 117.01. Second support is August's low crossing at 116.90. 



The December British Pound closed sharply higher on Thursday as it consolidated some of the decline off September's high. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that a low might be in or is near. Closes above the 50-day moving average crossing at 1.3793 would signal that a short-term low has been posted. If December extends the decline off September's high, July's low crossing at 1.3576 is the next downside target. First resistance is the 50-day moving average crossing at 1.3793. Second resistance is September's high crossing at 1.3917. First support is the August low crossing at 1.3608. Second support is July's low crossing at 1.3576. 

 

The December Swiss Franc closed higher on Thursday as it extends the rebound off Monday's low.The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 1.0893 would confirm that a short-term low has been posted. If December resumes the decline off August's high, March's low crossing at 1.0654 is the next downside target. First resistance is the 20-day moving average crossing at 1.1893. Second resistance is the 50-day moving average crossing at 1.0938. First support is the 87% retracement level of the March-June-rally crossing at 1.0730. Second support is March's low crossing at 1.0654.



The December Canadian Dollar closed higher on Thursday as it extended the rally off Monday's low. The high-range close sets the stage for a steady to higher opening when Friday'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 50-day moving average crossing at 79.24 would signal that a short-term low has been posted. If December resumes the decline off September's high, August's low crossing at 77.24 is the next downside target. First resistance is the 50-day moving average crossing at 79.24. Second resistance is September's high crossing at 80.09. First support is Monday's low crossing at 77.54. Second support is August's low crossing at 77.24.



The December Japanese Yen closed lower on Thursday following yesterday's key reversal down. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. From a broad perspective, closes above the August high crossing at 0.092040 or below August's low crossing at 0.090390 are needed to confirm a breakout of the July-September trading range. First resistance is August's high crossing at 0.092040. Second resistance is May's high crossing at 0.092245. First support is August's low crossing at 0.090390. Second support is July's low crossing at 0.089690.  



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



December gold closed lower on Thursday ending a three-day bounce off Monday's low.The low-range close sets the stage for a steady to lower opening when Friday'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 December renews this month's decline, August's low crossing at $1677.90 is the next downside target. Closes above last-Tuesday's high crossing at $1810.60 would confirm that a short-term low has been posted. First resistance is last-Tuesday's high crossing at $1810.60. Second resistance is September's high crossing at $1836.90. First support is Monday's low crossing at $1742.30. Second support is August's low crossing at $1677.90.



December silver closed lower on Thursday following a two-day bounce off Monday's low. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving acreage crossing at 23.606 would signal that a short-term low has been posted. If December resumes this month's decline, the 50% retracement level of the March-August-rally crossing at 21.120 is the next downside target. First resistance is the 20-day moving average crossing at 23.606. Second resistance is the 50-day moving average crossing at 24.196. First support is Monday's low crossing at 22.025. Second support is the 50% retracement level of the March-August-rally crossing at 21.120.    



December copper closed lower on Thursday as it consolidated some of the rally off Tuesday's low. The low-range close sets the stage for a steady to lower opening when Friday'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 50-day moving average crossing at 430.96 would signal that a short-term low has been posted. If December resumes this month's decline, August's low crossing at 396.65 is the next downside target. First resistance is September's high crossing at 447.15. Second resistance is July's high crossing at 458.60. First support is Tuesday's low crossing at 401.60. Second support is August's low crossing at 396.65.  



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



December Corn closed up $0.03 3/4-cents at $5.29 1/4. 



December corn closed higher on Thursday as it consolidated some of the decline off last-Thursday's high. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 50-day moving average crossing at $5.43 is the next upside target. If December renews the decline off August's high, the April 1st gap crossing at $4.77 1/2 is the next downside target. First resistance is the 50-day moving average crossing at $5.43. Second resistance is the August 30th high crossing at $5.58. First support is September's low crossing at $4.97 1/2. Second support is the April 1st gap crossing at $4.77 1/2.    



December wheat closed up $0.12-cents at $7.17 3/4.  



December wheat closed higher on Thursday as it renewed the rally off September's low.The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $7.19 1/4 would confirm that a short-term low has been posted. If December renews the decline off August's high, the 75% retracement level of the July-August-rally crossing at $6.60 1/4 is the next downside target. First resistance isthe 50-day moving average crossing at $7.19 1/4. Second resistance is the September 7th high crossing at $7.33 1/4. First support is September's low crossing at $6.77. Second support is the 75% retracement level of the July-August-rally crossing at $6.60 1/4.



December Kansas City Wheat closed up $0.14-cents at $7.20.

 

December Kansas City wheat closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday'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 December resumes the rally off September's low, the September 7th high crossing at $7.29 3/4 is the next upside target. If December renews the decline off August's high, the 62% retracement level of the July-August-rally crossing at $6.58 1/4 is the next downside target. First resistance is the September 7th high crossing at $7.29 3/4. Second resistance is the August 27th high crossing at $7.35 1/2. First support is the 50% retracement level of the July-August-rally crossing at $6.79 1/2.Second support is the 62% retracement level of the July-August-rally crossing at $6.58 1/4. 



December Minneapolis wheat closed up $0.08-cents at $9.11 1/2. 



December Minneapolis wheat closed higher on Thursday as it renewed the rally off September's low. The mid-range close sets the stage for a steady to higher opening when Friday'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 December extends the rally off September's low, the August 30th high crossing at $9.27 is the next upside target. If December renews the decline off August's high, the 25% retracement level of the 2020-2021-rally crossing at $8.44 3/4 is the next downside target. First resistance is the August 30th high crossing at $9.27. Second resistance is August's high crossing at $9.37 1/2. First support is the July 26th low crossing at $8.57. Second support is the 25% retracement level of the 2020-2021-rally crossing at $8.44 3/4. 

       

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



November soybeans closed up $0.01 1/2-cents at $12.84 1/4.



November soybeans closed higher on Thursday as it extends the rebound off Tuesday's low. The high-range close sets the stage for a steady to higher opening when Friday'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-Thursday's high crossing at $13.08 would confirm that a short-term low has been posted. If November extends the decline off August's high, the June 25th low crossing at $12.59 3/4 is the next downside target. First resistance is last-Thursday's high crossing at $13.08. Second resistance is the 50-day moving average crossing at $13.24 1/2. First support is Tuesday's low crossing at $12.57 1/2. Second support is June's low crossing at $12.40 1/2.



December soybean meal closed down $1.70 at $340.10. 



December soybean meal closed lower on Thursday as it extends this month's trading range. The mid-range close sets the stage for a steady to lower opening when Friday'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 September 14th high crossing at $347.30 would signal that a low has been posted. If December renews the decline off July's high, the 75% retracement level of the 2020-2021 rally crossing at $324.00 is the next downside target. First resistance is the September 14th high crossing at $347.30. Second resistance is the 50-day moving average crossing at $352.60. First support is September's low crossing at $335.40. Second support is the 75% retracement level of the 2020-2021 rally crossing at $324.00.      



December soybean oil closed up 67-pts. at 57.02. 



December soybean oil closed higher on Thursday as it extends the rally off Tuesday's low. The high-range close sets the stage for a steady to higher opening when Friday'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 57.49 are needed to confirm that a short-term low has been posted. If December renews the decline off July's high, June's low crossing at 53.10 is the next downside target. First resistance is the 20-day moving average crossing at 57.49. Second resistance is the 50-day moving average crossing at 60.22. First support is Tuesday's low crossing at 54.18. Second support is June's low crossing at $53.10. 

 

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



October hogs closed up $0.80 at $84.65. 



October hogs closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday'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 $87.81 would signal that a short-term low has been posted. If October renews this month's decline, the 62% retracement level of the 2020-2021-rally crossing at $76.13 is the next downside target. First resistance is the 20-day moving average crossing at $86.15. Second resistance is the 50-day moving average crossing at $87.81. First support is last-Tuesday's low crossing at $79.77. Second support is the 62% retracement level of the 2020-2021-rally crossing at $76.13. 



October cattle closed down $0.10 at $123.18. 



October cattle closed lower on Thursday. The low-range close sets the stage for a steady to lower opening on Friday. 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 $124.75 are needed to confirm that a short-term low has been posted. If October renews the decline off August's high, June's low crossing at $122.90 is the next downside target. First resistance is the 20-day moving average crossing at $124.75. Second resistance is the 50-day moving average crossing at $126.69. First support is the 38% retracement level of the 2020-2021-rally crossing at $120.96. Second support is June's low crossing at $122.90.



October Feeder cattle closed down $0.85 at $156.83. 



October feeder cattle closed lower on Thursday as it extends a two-week old trading range. The low-range close sets the stage for a steady to lower opening when Friday's 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 October extends the decline off August's high, the 75% retracement level of the May-August-rally crossing at $152.42 is the next downside target. Closes above the 20-day moving average crossing at $160.83 would confirm that a short-term low has been posted. First resistance is the September 14th high crossing at $158.85. Second resistance is the 20-day moving average crossing at $160.83. First support is the 62% retracement level of the May-August-rally crossing at $155.98. Second support is the 75% retracement level of the May-August-rally crossing at $152.42.  



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



December coffee closed higher on Thursday and above the 20-day moving average crossing at $189.71. Multiple closes above the 20-day moving average crossing at $189.71 would signal that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the decline off August's high, August's low crossing at $174.50 is the next downside target.  



December cocoa closed lower on Thursday. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month's decline, the 50-day moving average crossing at 25.43 is the next downside target. If December resumes the rally off July's low, the November 2020 high on the weekly continuation chart crossing at 28.21 is the next upside target.                            



October sugar closed higher on Thursday. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Thursday's high crossing at 19.70 would signal that a short-term low has been posted. Closes below the 50-day moving average crossing at 19.00 would open the door for a possible test of August's low crossing at 18.80.       



December cotton closed sharply higher on Thursday as it consolidated some of the decline off August's high. The high-range close sets the stage for a steady to higher opening on Friday. 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 92.86 would signal that a short-term low has been posted. If December renews the decline off August's high, the July 19th low crossing at 86.35 is the next downside target. 

Comments
By metmike - Sept. 23, 2021, 4:53 p.m.
Like Reply

Thanks tallpine!


By metmike - Sept. 23, 2021, 8:15 p.m.
Like Reply