KEY EVENTS TO WATCH FOR:

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

Thursday, October 14, 2021 

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

                       Jobless Claims

                       Jobless Claims, Net Chg

                       Continuing Claims

                       Continuing Claims, Net Chg

8:30 AM ET. September PPI

                       PPI, M/M% (previous +0.7%)

                       Ex-Food & Energy PPI, M/M% (previous +0.6%)

                       Personal Consumption (previous +0.8%)

9:45 AM ET. Bloomberg Consumer Comfort Index

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

                       Working Gas In Storage (Cbf)

                       Working Gas In Storage, Net Chg (Cbf)

11:00 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

1:00 PM ET. IMF Debate on the Global Economy

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 gapped up and closed sharply higher on Thursday as it extends the trading range of the past three-weeks. The mid-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 signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 34,914.77 would signal that a short-term low has been posted. If the Dow renews the decline off the September 27^th high, September's low crossing at 33,613.03 is the next downside target. First resistance is the 50-day moving average crossing at 34,914.77. Second resistance is the August 30^th high crossing at 35,510.71. First support is September's low crossing at 33,613.03. Second support is June's low crossing at 33,271.93.  

The December NASDAQ 100 closed higher on Thursday as it extends the rebound off the 25% retracement level of the 2020-2021-rally crossing at 14,474.38. 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 a low might be in or is near. Closes above the 20-day moving average crossing at 15,067.84 would signal that a short-term low has been posted. If December extends the decline off September's high, the 38% retracement level of the 2020-2021-rally crossing at 13,825.88 is the next downside target. First resistance is the 20-day moving average crossing at 15,067.84. Second resistance is the 50-day moving average crossing at 15,167.17. First support is the 25% retracement level of the 2020-2021-rally crossing at 14,474.38. Second support is the 38% retracement level of the 2020-2021-rally crossing at 13,825.88.

The December S&P 500 closed higher on Thursday as it extends the rally off last-Friday'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 sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 4426.06 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 50-day moving average crossing at 4426.06. Second resistance is the September 3^rd high crossing at 4539.50. First support is last-Friday's low crossing at 4260.00. Second support is July's low crossing at 4214.50.    

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

December T-bonds closed down 1-01/32's at 158-14 

December T-bonds closed higher on Thursday as it extended the decline off September's high. 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 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 161-16 would signal that a short-term low has been posted. First resistance is Monday's high crossing at 160-20. Second resistance is the 20-day moving average crossing at 161-16. First support is Wednesday's low crossing at 158-06. Second support is the 62% retracement level of the March-August rally crossing at 157-13.  

December T-notes closed down 100-pts at 131.130.

December T-notes closed lower on Thursday. 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 sideways to lower prices are possible near-term. If December extends the decline off August's high, the 87% retracement level of the March-August rally crossing at 130.207 is the next downside target. Closes above the 20-day moving average crossing at 132.138 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 132.138. Second resistance is the 50-day moving average crossing at 133.021. First support is the 75% retracement level of the March-August rally crossing at 131.125. 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 ""

November crude oil posted an upside reversal as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady to higher opening when Friday'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. If November extends the rally off August's low, the October-2014 high on the monthly continuation chart crossing at $92.96 is the next upside target. Closes below the 20-day moving average crossing at $73.77 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at $79.78. Second resistance is the October-2014 high on the monthly continuation chart crossing at $92.96.First support is the 10-day moving average crossing at $76.296. Second support is the 20-day moving average crossing at $73.77. 

November heating oil posted an upside reversal on Thursday. The high-range close sets the stage for a steady to higher opening when Friday'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 November extends the rally off August's low, the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $279.19 is the next upside target. Closes below the 20-day moving average crossing at $227.83 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $252.13. Second resistance is the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $279.19 is the next upside target. First support is the 10-day moving average crossing at $237.05. Second support is the 20-day moving average crossing at $227.83.      

November unleaded gas posted an upside reversal 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 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 238.83 is the next upside target. Closes below the 20-day moving average crossing at $217.05 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $237.27. Second resistance is the 62% retracement level of the 2008-2020-declineon the monthly continuation chart crossing at 238.83. First support is the 10-day moving average crossing at $223.86. Second support is the 20-day moving average crossing at $217.05.    

November Henry natural gas closed higher on Thursday leaving yesterday's key reversal down unconfirmed. 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 signaling that sideways trading is 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 5.431 would confirm that a short-term top has been posted. First resistance is Wednesday's 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 5.431. Second support is the September 21^st low crossing at 4.766.   

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

The December Dollar posted an inside day with a lower close on Thursday. 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 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 crossing at $94.82 is the next upside target. Closes below the 20-day moving average crossing at $93.44 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 crossing at $94.82. First support is the 10-day moving average crossing at $93.94. Second support is the 20-day moving average crossing at $93.44.   

The December Euro posted an inside day with a slightly higher close on Thursday as it consolidates some of the decline off September's high. 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 but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, 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 117.08 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 116.36. Second resistance is the 20-day moving average crossing at 117.23. First support is Wednesday's 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 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 still possible. Closes above the 20-day moving average crossing at 1.3667 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 1.3667. Second resistance is the 50-day moving average crossing at 1.3754. 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 closed slightly lower on Thursday. 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 neutral to bullish signaling that a low might be in or is near. Closes above Monday's high crossing at 1.0853 would confirm 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 Monday's high crossing at 1.1853. Second resistance is the 50-day moving average crossing at 1.0907. 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 extends 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 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 the 20-day moving average crossing at 78.91 would signal that a short-term top has been posted. First resistance is September's high crossing at 80.09. Second resistance is the July 30^th high crossing at 80.46. First support is the September 29^th low crossing at 78.27. Second support is September's low crossing at 77.54.  

The December Japanese Yen closed lower on Thursday. 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 September's decline, the February-2020 low on the monthly continuation chart crossing at 0.089205 is the next downside target. Closes above the 20-day moving average crossing at 0.090531 would signal that a short-term low has been posted. First resistance is Tuesday's high crossing at 0.090235. Second resistance is the 20-day moving average crossing at 0.090531. First support is last-Thursday's low crossing at 0.089260. Second support is the February-2020 low on the monthly continuation chart crossing at 0.089205.  

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

December gold closed lower on Thursday as it extends the trading range of the past four-days.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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $1782.90 would confirm 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 $1764.70. Second resistance is the 50-day moving average crossing at $1782.90. First support is last-Wednesday's low crossing at $1721.10. Second support is August's low crossing at $1677.90.

December silver closed slightly higher on Thursday. The mid-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 20-day moving acreage crossing at 22.748 would signal that a short-term low has been posted. If December resumes the decline off May's high, the 50% retracement level of the 2020-March-August-rally crossing at 21.120 is the next downside target. First resistance is the 20-day moving average crossing at 22.748. Second resistance is the 50-day moving average crossing at 23.608. First support is last-Wednesday's low crossing at 21.410. Second support is the 50% retracement level of the March-August-rally crossing at 21.120.    

December copper 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 428.03 would signal that a short-term low has been posted. If December resumes the decline off September's high, August's low crossing at 396.65 is the next downside target. First resistance is the 50-day moving average crossing at 428.03. Second resistance is September's high crossing at 447.15. First support is September'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 $0.01 1/2-cents at $5.33 3/4. 

December corn closed higher on Thursday 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 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 $5.29 3/4 would signal that a short-term top has been posted. Closes above the September 30^th high crossing at $5.48 1/2 would open the door for additional gains near-term. First resistance is the September 30^th high crossing at $5.48 1/2. Second resistance is the August 30^th high crossing at $5.58. First support is the 20-day moving average crossing at $5.29 3/4. Second 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 closed down $0.05-cents at $7.41.  

December wheat closed 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $7.26 1/4 would signal that a short-term top has been posted. If December renews the rally off September's low, August's high crossing at $7.86 1/2 is the next upside target. First resistance is Monday's high crossing at $7.63 1/2. Second resistance is the August high crossing at $7.86 1/2. First support is the 10-day moving average crossing at $7.33. Second support is the 50-day moving averagecrossing at $7.26 1/4.

December Kansas City Wheat closed down $0.03 3/4-cents at $7.41 1/4.

December Kansas City wheat closed lower on Thursday. 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 50-day moving average crossing at $7.17 3/4 would confirm 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 $7.61 3/4. Second resistance is August's high crossing at $7.69. First support is the 10-day moving average crossing at $7.33. Second support is the 50-day moving average crossing at $7.17 3/4.

December Minneapolis wheat closed up $0.03 1/4-cents at $9.42 1/4. 

December Minneapolis wheat closed higher on Thursday as it extends Wednesday's breakout above August's high crossing at $9.37 1/2 as it extended 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 remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this week's breakout above the August high crossing at $9.37 1/2 would open the door for a possible test of weekly resistance crossing at $9.53. Closes below the 50-day moving average crossing at $9.06 1/2 would signal that a short-term top has been posted. First resistance is today's high crossing at $9.49. Second resistance is weekly resistance crossing at $9.53. First support is the 50-day moving average crossing at $9.06 1/2. Second support is the September 21^st low crossing at $8.81 3/4. Second support is September's low crossing at $8.61 1/2. 

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

November soybeans closed up $0.04 3/4-cents at $12.46 3/4.

November soybeans 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 oversold but are turning neutral to bullish signaling that a low might be in or is near. Closes above the the 20-day moving average crossing at $12.72 would confirm that a short-term low has been posted. If November renews the decline off August's high, March's low crossing at $11.84 is the next downside target. First resistance is the September 27^th high crossing at $12.97. Second resistance is the September 16^th high crossing at $13.08. First support is Tuesday's low crossing at $12.31. Second support is March's low crossing at $11.84.

December soybean meal closed down $3.50 at $319.20. 

December soybean meal closed lower on Thursday as it extended the decline off May's high. 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 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 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 $336.00 would signal that a low has been posted. First resistance is the 20-day moving average crossing at $336.00. Second resistance is the 50-day moving average crossing at $345.90. First support is today's low crossing at $319.00. Second support is the 87% retracement level of the 2020-2021 rally crossing at $307.30.      

December soybean oil closed up 165-pts. at 61.99. 

December soybean oil closed higher on Thursday as it extends 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 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, the August 16^th high crossing at 64.00 is the next upside target. Closes below the 20-day moving average crossing at 57.75 would signal that a short-term top has been posted. First resistance is today's high crossing at 62.22. Second resistance is the August 16^th high crossing at 64.00. First support is the 20-day moving average crossing at 57.75. Second support is September's low crossing at 54.18.  

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

December hogs closed up $0.40 at $82.13. 

December hogs closed higher on Thursday as it consolidated some of the decline off last-Thursday's high. 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 bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $78.34 would signal that a short-term top has been posted. If December extends the rally off September's low the July high crossing at $86.25 is the next upside target. First resistance is July's high crossing at $86.25. Second resistance is June's high crossing at $89.55. First support is the 20-day moving average crossing at $78.33. Second support is last-Thursday's gap crossing at $77.20.  

December cattle closed up $1.83 at $130.05. 

December cattle closed sharply higher on Thursday as it extends the rally off last-Friday's low. 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. If December extends the rally off September's low, the 50-day moving average crossing at $131.26 is the next upside target. If December renews the decline off September's high, June's low crossing at $124.35 is the next downside target. First resistance is today's high crossing at $130.23. Second resistance is the 50-day moving average crossing at $131.26. First support is last-Friday's low crossing at $125.00. Second support is June's low crossing at $124.35.

November Feeder cattle closed up $3.03 at $161.15. 

November feeder cattle closed sharply higher on Thursday as it extends the rally off last-Thursday's low. The high-range close sets the stage for a steady to higher opening when Friday's 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 week's rally, the 50-day moving average crossing at $163.15 is the next upside target. If November renews the decline off August's high, the 87% retracement level of the May-August-rally crossing at $151.04 is the next downside target. First resistance is today's high crossing at $161.75. Second resistance is the 50-day moving average crossing at $163.15. First support is last-Thursday's low crossing at $152.00. Second support is the 87% retracement level of the May-August-rally crossing at $151.04.  

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

December coffee closed higher on Thursday as it consolidates some of the decline off Monday's high. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $188.53 would signal that a short-term top has been posted. If December renews the rally off September's low, July's high crossing at $217.86 is the next upside target.  

December cocoa closed higher on Thursday as it consolidates some of this week's decline. The low-range close sets the stage for a steady to slightly higher opening on Friday. 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 26.46 would signal that a short-term top has been posted. If December resumes the aforementioned rally, the November-2020 high on the weekly continuation chart crossing at 28.21 is the next upside target.                              

March sugar closed higher on Thursday as it extend the trading range of the past-four weeks. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Closes above 20.38 or below 19.31 are needed to confirm a breakout of the September-October trading range.

December cotton closed higher on Thursday as it extends the rally off September's low. The mid-range close sets the stage for a steady to higher opening on Friday. 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 aforementioned rally, the 50% retracement level of the 2011-2020 decline crossing at 134.17 is the next upside target. Closes below the 20-day moving average crossing at 98.17 would signal that a short-term top has been posted.