INO Evening Market Comments
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Started by tallpine - Oct. 11, 2021, 3:35 p.m.

KEY EVENTS TO WATCH FOR:



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



Friday, October 15, 2021  



8:30 AM ET. October Empire State Manufacturing Survey



                       Mfg Idx (previous 34.3)

                       Employment Idx (previous 20.5)

                       New Orders Idx (previous 33.7)

                       Prices Received (previous 47.8)



8:30 AM ET. September Advance Monthly Sales for Retail & Food Services



                       Overall Sales-SA, M/M% (previous +0.7%)

                       Sales, Ex-Auto, M/M% (previous +1.8%)

                       Sales, Ex-Auto & Gas, M/M% (previous +2.0%)



8:30 AM ET. September Import & Export Price Indexes



                       Import Prices (previous -0.3%)

                       Non-Petroleum Prices (previous -0.1%)

                       Petroleum Prices (previous -2.4%)



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



                       Corn (Metric Tons) (previous 1265.1K)

                       Soybeans (Metric Tons) (previous 1041.9K)

                       Wheat (Metric Tons) (previous 333.2K)



10:00 AM ET. August Manufacturing & Trade: Inventories & Sales



                       Total Inventories (previous +0.5%)



10:00 AM ET. October University of Michigan Survey of Consumers – preliminary



                       Mid-Mo Sentiment (previous 71.0)

                       Mid-Mo Expectations (previous 67.1)

                       Mid-Mo Current Idx (previous 77.1)



Monday, October 18, 2021  



9:15 AM ET. September Industrial Production & Capacity Utilization



                       Industrial Production, M/M% (previous +0.4%)

                       Capacity Utilization % (previous 76.4%)

                       Capacity Utilization, Net Chg (Pts) (previous +0.2)



10:00 AM ET. October NAHB Housing Market Index



                       Housing Mkt Idx (previous 76)


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



The Dow closed lower on Monday as investors digest ongoing signs of inflation and supply-related challenges while waiting for additional corporate earnings data. The low-range close sets the stage for a steady to lower opening when Tuesday'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 September 27th high crossing at 35,061.12 would mark an upside breakout of the trading range of the past three-weeks. Closes below the 10-day moving average crossing at 34,369.62 would signal that a short-term top has been posted. First resistance is the September 27th high crossing at 35,061.12. Second resistance is the August 30th high crossing at 35,510.71. First support is October low crossing at 33.785.54. Second support is September's low crossing at 33,613.03.  



The December NASDAQ 100 closed lower on Monday as it consolidated some of the rally 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 lower opening when Tuesday'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 15,001.56 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 13,825.88 is the next downside target. First resistance is the 20-day moving average crossing at 15,001.56. Second resistance is the 50-day moving average crossing at 15,158.45. 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 lower on Monday as it consolidates some of the rally off October's low. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 4425.21 would confirm 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 4425.21. Second resistance is the September 27th high crossing at 4472.00. First support is October'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 8/32's at 157-16 

  

December T-bonds closed lower on Monday as it extended the decline off September's high. The high-range close sets the stage for a steady to slightly lower opening when Tuesday'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 June 16th low crossing at 156-15 is the next downside target. Closes above the 20-day moving average crossing at 160-31 would signal that a short-term low has been posted. First resistance is last-Monday's high crossing at 160-20. Second resistance is the 20-day moving average crossing at 160-31. First support is the 62% retracement level of the March-August rally crossing at 157-13. Second support is the June 16th low crossing at 156-15.  



December T-notes closed down 100-pts at 130.265.



December T-notes closed lower on Monday as it extended the decline off August's high. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain 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 132.066 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 132.066. Second resistance is the 50-day moving average crossing at 132.307. First support is today's low crossing at 130.255. 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 closed higher on Monday and posted a new contract high as it extends the rally off August's low.The low-range close sets the stage for a steady to slightly higher opening when Tuesday'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 $74.77 would confirm that a short-term top has been posted. First resistance is today's high crossing at $82.18. Second resistance is the October-2014 high on the monthly continuation chart crossing at $92.96.First support is the 20-day moving average crossing at $74.77. Second support is the 50-day moving average crossing at $70.50. 



November heating oil closed higher on Monday as it extends the rally off August's low. The high-range close sets the stage for a steady to higher opening when Tuesday'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 $231.24 would signal that a short-term top has been posted. First resistance is today's high crossing at $253.76. Second resistance is the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $279.19. First support is the 10-day moving average crossing at $241.31. Second support is the 20-day moving average crossing at $231.24.       



November unleaded gas closed higher on Monday as it extends the rally off August's low. The low-range close sets the stage for a steady to slightly higher opening when Tuesday'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 January-2014 high on the monthly continuation chart crossing at 250.10 is the next upside target. Closes below the 20-day moving average crossing at $218.41 would signal that a short-term top has been posted. First resistance is today's high crossing at $241.15. Second resistance is the January-2014 highon the monthly continuation chart crossing at 250.10. First support is the 10-day moving average crossing at $228.19. Second support is the 20-day moving average crossing at $219.77.    



November Henry natural gas closed lower on Monday as it extends the decline off last-Wednesday's high. Today's close below the 20-day moving average crossing at 5.463 confirms that a short-term top has been posted while opening the door for additional weakness near-term. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the aforementioned decline, the 50-day moving average crossing at 4.773 is the next downside target. If November renews this year's rally, the 62% retracement level of the 2008-2020-decline crossing at 6.671 is the next upside target. First resistance is last-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 today's low crossing at 5.308. Second support is the 50-day moving average crossing at 4.773.   



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



The December Dollar closed higher on Monday as it continues to form a symmetrical triangle. The high-range close sets the stage for a steady to higher opening when Tuesday'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 38% retracement level of the 2020-2021-decline on the monthly continuation chart crossing at $94.82 is the next upside target. Closes below the 20-day moving average crossing at $93.60 would signal that a short-term top has been posted. First resistance is the September 30th high crossing at 94.52. Second resistance is the 38% retracement level of the 2020-2021-decline crossing at $94.82. First support is last-Monday's low crossing at $93.68. Second support is the 20-day moving average crossing at $93.60.   



The December Euro closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 116.83 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 116.07. Second resistance is the 20-day moving average crossing at 116.83. First support is last-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 lower on Monday as it consolidates some of the rally off September's low. The low-range close sets the stage for a steady to lower opening when Tuesday'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 1.3644 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 1.3644. Second resistance is the 50-day moving average crossing at 1.3742. First support is last-Wednesday's low crossing at 1.35444. Second support is the September 29th low crossing at 1.3412. 

 

The December Swiss Franc closed slightly lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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-Monday's high crossing at 1.0853 would confirm that a short-term low has been posted while opening the door for additional gains near-term. If December renews the decline off August's high, March's low crossing at 1.0654 is the next downside target. First resistance is last-Monday's high crossing at 1.1853. Second resistance is the 50-day moving average crossing at 1.0896. First support is September's low crossing at 1.0693. Second support is March's low crossing at 1.0654.



The December Canadian Dollar closed lower on Monday as it consolidates some of the rally off September's low. The low-range close sets the stage for a steady to lower opening when Tuesday'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 July 30th high crossing at 80.46 is the next upside target. Closes below the 20-day moving average crossing at 79.03 would signal that a short-term top has been posted. First resistance is the July 30th high crossing at 80.46. Second resistance is the July 6th high crossing at 81.23. First support is the 20-day moving average crossing at 79.03. Second support is the September 29th low crossing at 78.27. Third support is September's low crossing at 77.54.  



The December Japanese Yen closed sharply lower on Monday as it extends the decline off September's high. The low-range close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, the January-2018 low on the monthly continuation chart crossing at 0.087675 is the next downside target. Closes above the 20-day moving average crossing at 0.090304 would signal that a short-term low has been posted. First resistance is last-Tuesday's high crossing at 0.090235. Second resistance is the 20-day moving average crossing at 0.090304. First support is today's low crossing at 0.088210. Second support is the January-2018 low on the monthly continuation chart crossing at 0.087675.  



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



December gold closed lower on Monday as it extends the trading range of the past six-days.The mid-range close sets the stage for a steady to lower opening when Tuesday'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 the decline off September's high, August's low crossing at $1677.90 is the next downside target. Closes above the 50-day moving average crossing at $1780.10 would confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at $1780.10. Second resistance is the September 14th high crossing at $1810.60. First support is September's low crossing at $1721.10. Second support is August's low crossing at $1677.90.



December silver closed slightly lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday'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 acreage crossing at 23.486 would confirm 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 50-day moving average crossing at 23.486. Second resistance is September's high crossing at 24.945. First support is September'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 Monday and closed above the 50-day moving average crossing at 427.37 signaling that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are becoming overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends today's rally, September's high crossing at 447.15 is the next upside target. If December resumes the decline off September's high, 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 458.00. 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 $0.02 1/2-cents at $5.33. 



December corn closed higher on Monday as it extends the trading range of the past two-weeks. The high-range close sets the stage for a steady to higher opening when Tuesday'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 $5.31 1/4 would signal that a short-term top has been posted. Closes above the September 30th high crossing at $5.48 1/2 would open the door for additional gains near-term. First resistance is the September 30th high crossing at $5.48 1/2. Second resistance is the August 30th high crossing at $5.58. First support is the 20-day moving average crossing at $5.31 1/4. Second support is the September 21st low crossing at $5.12 3/4. Second support is September's low crossing at $4.97 1/2.     



December wheat closed down $0.02-cents at $7.32.  



December wheat closed lower on Monday as it extends the decline off October's high. The low-range close sets the stage for a steady to lower opening when Tuesday'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 50-day moving average crossing at $7.27 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 last-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 50-day moving average crossing at $7.27. Second support is the 20-day moving averagecrossing at $7.22 1/4.



December Kansas City Wheat closed down $0.02 1/2-cents at $7.35.

 

December Kansas City wheat closed lower on Monday as it extends the decline off last-Monday's high. The low-range close sets the stage for a steady to lower opening when Tuesday'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 50-day moving average crossing at $7.19 3/4 would confirm that a short-term top has been posted. If December renews the rally off September's low, August's high crossing at $7.69 is the next upside target. First resistance is last-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 $7.36. Second support is the 50-day moving average crossing at $7.19 3/4.



December Minneapolis wheat closed down $0.01-cents at $9.45 1/2. 



December Minneapolis wheat closed lower on Monday as it consolidates some of the rally off September's low. The low-range close sets the stage for a steady to lower opening when Tuesday'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 last-week's breakout above the August high, monthly resistance on the continuation chart crossing at $9.66 1/4 is the next upside target. Closes below the 50-day moving average crossing at $9.08 1/2 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $9.53. Second resistance is weekly resistance on the continuation chart crossing at $9.66 1/4. First support is the 50-day moving average crossing at $9.08 1/2. Second support is the September 21st 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 closed down $0.15-cents at $12.28.



November soybeans closed lower on Monday and posted its lowest close since March. The low-range close sets the stage for a steady to lower opening when Tuesday'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 November extends the decline off August's high, March's low crossing at $11.84 is the next downside target. Closes above the the 20-day moving average crossing at $12.67 would confirm that a short-term low has been posted. First resistance is the September 27th high crossing at $12.97. Second resistance is the September 16th high crossing at $13.08. First support is today's low crossing at $12.27. Second support is March's low crossing at $11.84.



December soybean meal closed down $1.80 at $316.90. 



December soybean meal closed lower on Monday as it extended the decline off May's high. The low-range close sets the stage for a steady to lower opening when Tuesday'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 $333.40 would signal that a low has been posted. First resistance is the 20-day moving average crossing at $333.40. Second resistance is the 50-day moving average crossing at $344.40. First support is today's low crossing at $316.10. Second support is the 87% retracement level of the 2020-2021 rally crossing at $307.30.      



December soybean oil closed down 94-pts. at 60.57. 



December soybean oil closed lower due to profit taking on Monday 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 Tuesday'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 16th high crossing at 64.00 is the next upside target. Closes below the 20-day moving average crossing at 58.25 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at 63.08. Second resistance is the August 16th high crossing at 64.00. First support is the 20-day moving average crossing at 58.25. Second support is September's low crossing at 54.18.  

 

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



December hogs closed down $1.35 at $80.15. 



December hogs gapped down and closed lower on Monday as it extended the decline off October's high. The mid-range close sets the stage for a steady to lower opening when Tuesday'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 $78.94 would signal that a short-term top has been posted. If December renews 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 $78.94. Second support is the September 27th gap crossing at $77.20.  



December cattle closed down $0.08 at $130.18. 



December cattle closed slightly lower on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. 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 50-day moving average crossing at $131.15 is the next upside target. Closes below last-Wednesday's low crossing at $127.13 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $130.60. Second resistance is the 50-day moving average crossing at $131.15. First support is last-Wednesday's low crossing at $127.13. Second support is October's low crossing at $125.00. 



November Feeder cattle closed up $0.65 at $161.80. 



November feeder cattle closed higher on Monday as it extends the rally off September's low. The high-range close sets the stage for a steady to higher opening when Tuesday's 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 aforementioned rally, the 50-day moving average crossing at $162.99 is the next upside target. Closes below the 10-day moving average crossing at $157.27 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $162.13. Second resistance is the 50-day moving average crossing at $162.99. First support is the 10-day moving average crossing at $157.27. Second support is September's low crossing at $152.00. Third 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 Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off September's low, July's high crossing at $217.86 is the next upside target. Closes below the 50-day moving average crossing at $189.00 would signal that a short-term top has been posted.   



December cocoa closed sharply lower on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. 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 26.56 would signal that a short-term top has been posted. 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.                              



March sugar closed slightly higher on Monday as it extend the trading range of the past-four weeks. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are 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 lower on Monday following last-Friday's downside reversal as it consolidates some of the rally off September's low. The low-range close sets the stage for a steady to lower opening on Tuesday. 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 50% retracement level of the 2011-2020 decline on the monthly continuation chart crossing at 134.17 is the next upside target. Closes below the 20-day moving average crossing at 99.88 would signal that a short-term top has been posted. 

Comments
By metmike - Oct. 11, 2021, 4:15 p.m.
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Thanks tallpine!

By metmike - Oct. 11, 2021, 10:49 p.m.
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https://www.marketforum.com/forum/topic/76046/


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https://www.marketforum.com/forum/topic/75654/


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https://www.marketforum.com/forum/topic/75828/


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https://www.marketforum.com/forum/topic/75941/


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https://www.marketforum.com/forum/topic/75648/

https://www.marketforum.com/forum/topic/75928/


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