KEY EVENTS TO WATCH FOR:

Wednesday, October 6, 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%

8:15 AM ET. September ADP National Employment Report

                       Private Sector Jobs, Net Chg (previous +374000)

9:00 AM ET. IMF World Economic Outlook analytical chapter 2 published

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, (Bbl/day) Net Chg

11:00 AM ET. IMF World Economic Outlook analytical chapter 3 published

Thursday, October 7, 2021  

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

                       Job Cuts, M/M% (previous -16.99%)

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

                       Corn (Metric Tons) (previous 370.4K)

                       Soybeans (Metric Tons) (previous 1101.7K)

                       Wheat (Metric Tons) (previous 290.1K)

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

                       Jobless Claims (previous 362K)

                       Jobless Claims, Net Chg (previous +11K)

                       Continuing Claims (previous 2802000)

                       Continuing Claims, Net Chg (previous -18K)

9:00 AM ET. IMF Fiscal Monitor analytical chapter released

9:45 AM ET. Bloomberg Consumer Comfort Index

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

                       Working Gas In Storage (Cbf) (previous 3170B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +88B)

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

3:00 PM ET. August Consumer Credit

                       Consumer Credit Net Chg (USD) (previous +17.0B)

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings

Friday, October 8, 2021   

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

                       Non-Farm Payrolls (previous +235K)

                       Unemployment Rate (previous 5.2%)

                       Avg Hourly Earnings (USD) (previous 30.73)

                       Avg Hourly Earnings-Net Chg (USD) (previous +0.17)

                       Avg Hourly Earnings, M/M% (previous +0.56%)

                       Avg Hourly Earnings, Y/Y% (previous +4.28%)

                       Overall Workweek (previous 34.7)

                       Overall Workweek Net Chg (previous +0)

                       Government Payrolls (previous -8K)

                       Private Payroll (previous +243K)

                       Participation Rate (previous 61.7%)

                      Non-Farm Payrolls Bench Net Chg

10:00 AM ET. August Monthly Wholesale Trade

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

Monday, October 11, 2021   

9:30 AM ET. G24 Ministers and Governors Meeting

10:00 AM ET. September Employment Trends Index

                       ETI (previous 110.37)

                       ETI, Y/Y%

Tuesday, October 12, 2021   

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

                       Small Business Idx (previous 100.1)

7:45 AM ET. Weekly Chain Store Sales Index

8:55 AM ET. Johnson Redbook Retail Sales Index

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

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

                       Latest Wk, Y/Y%

9:00 AM ET. IMF World Economic Outlook published

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

10:30 AM ET. IMF Global Financial Stability Report published

12:00 PM ET. World Agricultural Supply & Demand Estimates (WASDE)

                       Corn, End Stocks (Bushels)

                       Soybeans, End Stocks (Bushels)

                       Wheat, End Stocks (Bushels)

                       Cotton, End Stocks (Bales)

Wednesday, October 13, 2021  

7:00 AM ET. IMF Fiscal Monitor published

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%

8:15 AM ET. World Bank President David Malpass' Annual Meetings press briefing

8:30 AM ET. September Real Earnings

8:30 AM ET. September CPI

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

                       Core CPI, M/M% (previous +0.1%)

                       Energy Idx, M/M% (previous +2.0%)

                       Food Idx, M/M% (previous +0.4%)

                       Real Avg Wkly Pay-Infla Adj, M/M% (previous +0.3%)

                       CPI, Y/Y% (previous +5.3%)

                       Core Annual, Y/Y% (previous +4%)

10:00 AM ET. September Online Help Wanted Index

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

2:00 PM ET. Federal Open Market Committee meeting minutes and economic forecast

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls)

                       Gasoline Stocks, Net Chg (Bbls)

                       Distillate Stocks, Net Chg (Bbls)

N/A               G20 Finance Ministers and Central Bank Governors Meeting

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

The STOCK INDEXES: The December NASDAQ 100 was sharply lower overnight as it extends the decline off September's high. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remains neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off September's high, the 38% retracement of the 2020-2021-rally crossing at 13,825.88 is the next downside target. Closes above the 50-day moving average crossing at 15,162.02 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 14,832.58. Second resistance is the 50-day moving average crossing at 15,162.02. First support is the 25% retracement of the 2020-2021-rally crossing at 14,474.38. Second support is the 38% retracement of the 2020-2021-rally crossing at 13,825.88.  

The December S&P 500 was lower overnight and is poised to extend the decline off September's high. Overnight weakness sets the stage for a lower opening when the day session begins trading later this morning. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off September's high, July's low crossing at 4214.50 is the next downside target. Closes above the 50-day moving average crossing at 4424.16 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 4424.16. Second resistance is the September 27^th high crossing at 4472.00. First support is July's low crossing at 4214.50. Second support is the 25% retracement level of the 2020-2021-rally crossing at 42101.63.

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

INTEREST RATES: December T-bonds were lower overnight as it extended the decline off September's high. Overnight weakness sets the stage for a steady to lower opening when the day 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 September's high, the 62% retracement level of the March-August rally crossing at 157-13 is the next downside target. Closes above the 20-day moving average crossing at 161-23 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 159-31. Second resistance is the 20-day moving average crossing at 161-23. First support is the 50% retracement level of the March-August rally crossing at 158-30. Second support is the 62% retracement level of the March-August rally crossing at 157-13.

December T-notes were lower overnight. Overnight weakness sets the stage for a steady to lower opening with the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are  possible near-term. Closes above the 20-day moving average crossing at 132.170 would temper the near-term bearish outlook. If December resumes the decline off August's, the 87% retracement level of the March-August rally crossing at 130.207 is the next downside target. First resistance is the 20-day moving average crossing at 132.170. Second resistance is the 50-day moving average crossing at 133.035. First support is the 75% retracement level of the March-August rally crossing at 131.072. Second support is the 87% retracement level of the March-August rally crossing at 130.207.  

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

ENERGIES:November crude oil was steady to slightly lower overnight as it consolidates some of the rally off September's low. Overnight weakness sets the stage for a steady to lower opening when the day 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 November extends the rally off August's low, psychological resistance on the monthly continuation chart crossing at $80.00 is the next upside target. Closes below the 20-day moving average crossing at $73.30 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is the overnight high crossing at $79.78. Second resistance is psychological resistance on the monthly continuation chart crossing at $80.00. First support is the 10-day moving average crossing at $75.89. Second support is the 20-day moving average crossing at $73.30.

November heating oil was steady to slightly higher overnight as it extends the rally off August's low. The low-range overnight trade sets the stage for a steady to slightly higher opening when the day 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 November extends the rally off August's low, the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $2.7919 is the next upside target. Closes below the 20-day moving average crossing at $2.2632 would signal that a short-term top has been posted. First resistance is the overnight high crossing at $2.5213. Second resistance is the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $2.7919. First support is the 10-day moving average crossing at $2.3539. Second support is the 20-day moving average crossing at 2.2632.  

November unleaded gas was steady to lower overnight as it consolidates some of the rally off August's low. The low-range trade overnight sets the stage for a steady to lower opening when the day 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 November extends 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. Closes below the 20-day moving average crossing at 2.1574 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 2.3727. Second resistance is the 75% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 281.81. First support is the 10-day moving average crossing at 2.2207. Second support is the 20-day moving average crossing at 2.1574.

November Henry natural gas was steady to slightly higher overnight as it extends this year's rally. Overnight strength sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends this year's rally, the 62% retracement level of the 2008-2020-decline crossing at 6.671 is the next upside target. Closes below the 20-day moving average crossing at 5.430 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 6.466. Second resistance is the 62% retracement level of the 2008-2020-decline crossing at 6.671. First support is the 20-day moving average crossing at 5.430. Second support is the September 21^st low crossing at 4.766.    

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

CURRENCIES:The December Dollar was higher overnight. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 38% retracement level of the 2020-2021-decline on the weekly continuation chart crossing at $94.82 is the next upside target. Closes below the 20-day moving average crossing at $93.36 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at $94.52. Second resistance is the 38% retracement level of the 2020-2021-decline on the weekly continuation chart crossing at $94.82. First support is the 10-day moving average crossing at $93.83. Second support is the 20-day moving average crossing at $93.36.  

The December Euro was lower overnight as it extends the decline off May's high. The low-range overnight trade sets the stage for a steady to lower opening when the day 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 September's high, the 62% retracement level of the 2020-2021-rally crossing at $114.56 is the next downside target. Closes above the 20-day moving average crossing at $117.22 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $116.55. Second resistance is the 20-day moving average crossing at $117.22. First support is the overnight low crossing at $115.45. Second support is the 62% retracement level of the 2020-2021-rally crossing at $114.56.

The December British Pound was lower overnight following a four-day rally off last-Wednesday's low. Overnight weakness sets the stage for a steady to lower opening when the day session beings 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 1.3678 would signal that a short-term low has been posted.If December renews the decline off September's high, the 38% retracement level of the 2020-2021-rally crossing at 1.3223 is the next downside target. First resistance is the 20-day moving average crossing at 1.3678. Second resistance is the 50-day moving average crossing at 1.3760. First support is last-Wednesday's low crossing at 1.3412. Second support is the 38% retracement level of the 2020-2021-rally crossing at 1.3223.  

The December Swiss Franc was lower overnight as it consolidates some of the rally off last-Thursday's low. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices possible near-term. Closes above the 20-day moving average crossing at 1.0822 would signal that a short-term low has been posted. If December renews 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 1.0822. Second resistance is the 50-day moving average crossing at 1.0911. First support is last-Thursday's low crossing at 1.0693. Second support is March's low crossing at 1.0654. 

The December Canadian Dollar was lower overnight as it consolidates some of the rally off September's low. Overnight weakness sets the stage for a steady to lower opening when the day 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, September's high crossing at $80.09 is the next upside target. Closes below last-Wednesday's low crossing at $78.27 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at $79.71. Second resistance is September's high crossing at 80.09. First support is last-Wednesday's low crossing at $78.27. Second support is September's low crossing at $77.54.  

The December Japanese Yen was steady to slightly higher overnight. Overnight strength sets the stage for a steady to slightly higher opening when the day session begins trading. However, stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off September's high, the February-2020 low on the weekly continuation chart crossing at 0.089205 is the next downside target. Closes above the 20-day moving average crossing at 0.090610 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.090610. Second resistance is the 50-day moving average crossing at 0.090910. First support is last-Thursday's low crossing at 0.089260. Second support is the February-2020 low on the weekly continuation chart crossing at 0.089205.

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

PRECIOUS METALS:Decembergold was lower overnight as it consolidates some of the rally off last-Wednesday's low. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $1783.70 would signal that a short-term low has been posted. If December renews the decline off September's high, August's low crossing at $1677.90 is the next downside target. First resistance is the 20-day moving average crossing at $1766.60. Second resistance is the 50-day moving average crossing at $1783.70. First support is last-Wednesday's low crossing at $1721.10. Second support is August's low crossing at $1677.90.

December silver was steady to lower overnight. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $22.818 would signal that a short-term low has been posted. If December renews the decline off September's high, the 50% retracement level of the 2020-2021-rally crossing at $21.120 is the next downside target. First resistance is the 20-day moving average crossing at $22.818. Second resistance is the 50-day moving average crossing at $23.651. First support is last-Wednesday's low crossing at $21.410. Second support is the 50% retracement level of the 2020-2021-rally crossing at $21.120. 

December copper was lower overnight as it consolidates some of the rally off last-Thursday's low. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. Closes above the 50-day moving average crossing at 4.2845 would signal that a short-term low has been posted. If December renews the decline off September's high, September's low crossing at 4.0160 is the next downside target. First resistance is the 50-day moving average crossing at 4.2845. Second resistance is September's high crossing at 4.4715. First support is September's low crossing at 4.0160. Second support is August's low crossing at 3.9615. 

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

December corn was higher overnight. The high-range trade overnight sets the stage for a steady to higher opening when the day sessions 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 $5.28 3/4 would signal that a short-term top has been posted. Closes above last-Thursday's high crossing at $5.48 1/2 would open the door for a possible test of the August 30^th high crossing at $5.58. First resistance is last-Thursday's high crossing at $5.48 1/2. Second resistance is the August 30^th high crossing at $5.58. First support is the September 21^st low crossing at $5.12 3/4. Second support is September's low crossing at $4.97 1/2.   

December wheat was higher overnight. Overnight strength sets the stage for a steady to higher opening when the day 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 $7.86 1/2 is the next upside target. Closes below the 20-day moving average crossing at $7.15 1/2 would signal that a short-term top has been posted. First resistance is Monday's high crossing at $7.63 1/2. Second resistance is August's high crossing at $7.86 1/2. First support is last-Thursday's low crossing at $7.01 1/4. Second support is the 62% retracement level of the July-August-rally crossing at $6.82 1/2. 

December Kansas City wheat was higher overnight as it consolidates some of the decline off Monday's high. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average  crossing at $7.15 1/4 would signal that a short-term top has been posted. If December extends the rally off September's low, August's high crossing at $7.69 is the next upside target. First resistance is Monday's high crossing at $7.64 1/4. Second resistance is August's high crossing at $7.69. First support is the 10-day moving average crossing at $7.30 3/4. Second support is the 20-day moving average crossing at $7.15 1/4. 

December Minneapolis wheat was higher overnight as it extends the rally off September's low. Overnight strength sets the stage for a steady to higher opening when the day 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 $9.37 1/2 is the next upside target. Closes below the 20-day moving average crossing at $9.05 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is last-Friday's high crossing at $9.35. Second resistance is August's high crossing at $9.37 1/2. First support is the 20-day moving average crossing at $9.05. Second support is the September 21^st low crossing at $8.81 3/4. Third support is September's low crossing at $8.61 1/2. 

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

November soybeans were higher overnight as it consolidates some of the decline off June's high. Overnight strength set the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $12.74 would signal that a short-term low has been posted while opening the door for a possible test of the 50-day moving average crossing at $13.04 3/4. If November extends the decline off August's high, March's low crossing at $11.84 is the next downside target. First resistance is the 27^th high crossing at $12.97. Second resistance is the 50-day moving average crossing at $13.04 3/4. First support is Tuesday's low crossing at $12.31. Second support is the 38% retracement level of the 2020-2021-rally crossing at $12.29 3/4.

December soybean meal was higher overnight as it consolidates some of the decline off September's high. Overnight strength sets the stage for a steady to higher opening when the day 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 87% retracement level of the 2020-2021-rally crossing at $307.30 is the next downside target. Closes above the 20-day moving average crossing at $337.00 would signal that a short-term low has been posted while opening the door for additional gains near-term. First resistance is the 20-day moving average crossing at $337.00. Second resistance is the 50-day moving average crossing at $346.70. First support is the overnight low crossing at $320.10. Second support is the 87% retracement level of the 2020-2021-rally crossing at $307.30.

December soybean oil was higher overnight as it extends the rally off September's low. Overnight strength sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to higher prices are possible near-term. If December extends the rally off September's low, the August 16^th high crossing at 64.00 is the next upside target. Closes below the 20-day moving average crossing at 57.52 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 61.70. Second resistance is the August 16^th high crossing at 64.00. First support is the 20-day moving average crossing at 57.52. Second support is September's low crossing at 54.18.