KEY EVENTS TO WATCH FOR:

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)

Tuesday, October 19, 2021  

7:45 AM ET. Weekly Chain Store Sales Index

8:30 AM ET. September New Residential Construction - Housing Starts and Building Permits

                       Total Starts (previous 1.615M)

                       Housing Starts, M/M% (previous +3.9%)

                       Building Permits (previous 1.728M)

                       Building Permits, M/M% (previous +6.0%)

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%

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls)

                       Gasoline Stocks, Net Chg (Bbls)

                       Distillate Stocks, Net Chg (Bbls)

Wednesday, October 20, 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%

10:30 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

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

The Dow closed slightly lower on Wednesday as it extends the trading range of the past four-weeks. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that signaling that sideways to lower prices are possible near-term. Multiple closes below the 10-day moving average crossing at 34,363.04 would signal that a short-term top has been posted. Closes above the September 27^th high crossing at 35,061.12 would mark an upside breakout of the trading range of the past four-weeks. First resistance is the September 27^th high crossing at 35,061.12. Second resistance is the August 30^th 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 higher on Wednesday 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 Thursday's night session begins trading. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. 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. Closes above the 20-day moving average crossing at 14,922.66 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 14,922.66. Second resistance is the 50-day moving average crossing at 15,144.91. 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 posted an inside day with a higher close on Wednesday as it consolidates some of the decline off last-Thursday's high. The mid-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling sideways to lower prices are possible near-term. If December resumes 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 4423.10 would confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 4423.10. Second resistance is the September 27^th 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 up 1-00/32's at 159-18 

December T-bonds closed higher on Wednesday as it consolidates some the decline off September's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 160-15 would signal that a short-term low has been posted. If December extends the decline off September's high, the June 16^th low crossing at 156-15 is the next downside target. First resistance is last-Monday's high crossing at 160-20. Second resistance is the 50-day moving average crossing at 162-02. First support is the 62% retracement level of the March-August rally crossing at 157-13. Second support is the June 16^th low crossing at 156-15.  

December T-notes closed up 15-pts at 131.060.

December T-notes closed higher on Wednesday as it consolidates some of the decline off August's high. The mid-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are 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 131.311 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 131.311. Second resistance is the 50-day moving average crossing at 132.265. First support is Monday'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 slightly lower on Wednesday as it consolidates some of the rally off August's low.The high-range close sets the stage for a steady to slightly lower opening when Thursday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. 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 $75.71 would confirm that a short-term top has been posted. First resistance is Monday'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 $75.71. Second support is the September 30^th low crossing at $73.14. 

November heating oil closed slightly higher on Wednesday as it extends the rally off August's low. The high-range close sets the stage for a steady to higher opening when Thursday's night trading session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If 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 $234.61 would signal that a short-term top has been posted. First resistance is Monday'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 $245.76. Second support is the 20-day moving average crossing at $234.61.       

November unleaded gas closed higher on Wednesday as it extended the rally off August's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. 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 $222.45 would signal that a short-term top has been posted. First resistance is Monday'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 $232.87. Second support is the 20-day moving average crossing at $222.45.    

November Henry natural gas closed higher on Wednesday 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 Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the aforementioned decline, the 50-day moving average crossing at 4.834 is the next downside target. Closes above last-Friday's high crossing at 5.876 would signal that a short-term low has been posted. 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 Tuesday's low crossing at 5.168. Second support is the 50-day moving average crossing at 4.834.   

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

The December Dollar closed sharply lower on Wednesday as it consolidates some of the rally off May's low. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are 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 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 $93.77 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at 94.57. Second resistance is the 38% retracement level of the 2020-2021-decline crossing at $94.82. First support is the 20-day moving average crossing at $93.77. Second support is the 50-day moving average crossing at $93.14.    

The December Euro closed higher on Wednesday as it consolidated some of the decline off May's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are 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 116.58 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 116.58. Second resistance is the 50-day moving average crossing at 117.49. First support is Tuesday's low crossing at 115.38. Second support is the 62% retracement level of the 2020-2021-rally crossing at 114.56.

The December British Pound closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are still possible. Closes above Monday's high crossing at 1.3675 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 Monday's high crossing at 1.3675. Second resistance is the 50-day moving average crossing at 1.3730. First support is last-Wednesday's low crossing at 1.35444. Second support is the September 29^th low crossing at 1.3412. 

The December Swiss Franc closed sharply higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning 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 1.0884. 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 higher on Wednesday as it extends the rally off September's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the July 6^th high crossing at 81.23 is the next upside target. Closes below the 20-day moving average crossing at 79.16 would signal that a short-term top has been posted. First resistance is the July 30^th high crossing at 80.46. Second resistance is the July 6^th high crossing at 81.23. First support is the 20-day moving average crossing at 79.16. Second support is the September 29^th low crossing at 78.27. Third support is September's low crossing at 77.54.  

The December Japanese Yen closed higher on Wednesday as it consolidates some of the decline off September's high. The high-range close sets the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastics and the RSI are oversold but remain 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 0.089981 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 0.089301. Second resistance is the 20-day moving average crossing at 0.089981. First support is today's low crossing at 0.087905. 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 sharply higher on Wednesday as it renewed the rally off September's low.The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 50-day moving average crossing at $1778.50 confirms that a short-term low has been posted. Closes below the October 6^th low crossing at $1745.40 would signal that a short-term top has been posted. First resistance is the September 14^th high crossing at $1810.60. Second resistance is September's high crossing at $1836.90. First support is September's low crossing at $1721.10. Second support is August's low crossing at $1677.90.

December silver closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving acreage crossing at 23.373 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 23.373. 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 sharply higher on Wednesday as it extends the rally off September's low as it extended the rally off September's low.The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the aforementioned rally, July's high crossing at 458.60 is the next upside target. Closes below the 20-day moving average crossing at 424.18 would signal that a short-term top has been posted. First resistance is today's high crossing at 452.80. Second resistance is July's high crossing at 458.00. First support is the 20-day moving average crossing at 424.18. Second support is September's low crossing at 401.60.  

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

December Corn closed down $0.10 1/4-cents at $5.12 1/4. 

December corn closed lower on Wednesday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, the September 10^st low crossing at $4.97 1/2 is the next downside target. Closes above the 50-day moving average crossing at $5.37 1/4 would signal that a short-term low has been posted. 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 today's low crossing at $5.06 3/4. Second support is September's low crossing at $4.97 1/2.    

December wheat closed down $0.15 1/4-cents at $7.18 3/4.  

December wheat closed lower on Wednesday as it extends the decline off October's high. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, the September 30^th low crossing at $7.01 1/4 is the next downside target.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 October's high crossing at $7.63 1/2. Second resistance is the August high crossing at $7.86 1/2. First support is the September 30^th low crossing at $7.01 1/4. Second support is the September 21^st low crossing at $6.86.

December Kansas City Wheat closed down $0.18-cents at $7.21 1/4.

December Kansas City wheat closed sharply lower on Wednesday extended the decline off last-Monday's high. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $7.20 1/4 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 20-day moving average crossing at $7.25 1/2. Second support is the 50-day moving average crossing at $7.20 1/4.

December Minneapolis wheat closed down $0.06 1/4-cents at $9.48 3/4. 

December Minneapolis wheat closed lower on Wednesday as it consolidates some of the rally off September's low. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally 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 $9.10 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at $9.60. Second resistance is weekly resistance on the continuation chart crossing at $9.66 1/4. First support is the 10-day moving average crossing at $9.37 1/4. Second support is the 50-day moving average crossing at $9.10.  

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

November soybeans closed down $0.03-cents at $11.95 1/4.

November soybeans closed lower on Wednesday as it extends the decline off June's high.Today's mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off August's high, the 62% retracement level of the 2020-2021-rally crossing at $11.52 1/2 is the next downside target. Closes above the 20-day moving average crossing at $12.58 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $12.58. Second resistance is the 50-day moving average crossing at $12.91 3/4. First support is today's low crossing at $11.84 1/2. Second support is the 62% retracement level of the 2020-2021-rally crossing at $11.52 1/2.

December soybean meal closed down $1.30 at $311.70. 

December soybean meal closed lower on Wednesday as it extended the decline off May's high. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off July's high, the 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 $330.60 would signal that a low has been posted. First resistance is the 10-day moving average crossing at $320.30. Second resistance is the 20-day moving average crossing at $330.60. First support is today's low crossing at $309.30. Second support is the 87% retracement level of the 2020-2021 rally crossing at $307.30.      

December soybean oil closed up 84-pts. at 59.69. 

December soybean oil closed higher on Wednesday as it consolidates some of the decline off last-Friday's high. The mid-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 58.42 would signal that a short-term top has been posted. If December renews the rally off September's low, the August 16^th high crossing at 64.00 is the next upside target. First resistance is last-Friday's high crossing at 63.08. Second resistance is the August 16^th high crossing at 64.00. First support is the 20-day moving average crossing at 58.42. Second support is September's low crossing at 54.18.  

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

December hogs closed down $0.03 at $78.15. 

December hogs closed slightly lower on Wednesday as it extended the decline off October's high. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, the September 27^th gap crossing at $77.20 is the next downside target. Closes above the 10-day moving average crossing at $81.80 would signal that a short-term low has been posted. First resistance is Monday's gap crossing at $81.43. Second resistance is the 10-day moving average crossing at $81.80. First support is the September 27^th gap crossing at $77.20. Second support is September's low crossing at $71.27. 

December cattle closed down $0.20 at $129.05. 

December cattle closed lower on Wednesday as it consolidates some of the rally off October's low. The mid-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Wednesday's low crossing at $127.13 would signal that a short-term top has been posted. If December renews the rally off September's low, the 50-day moving average crossing at $131.00 is the next upside target. First resistance is last-Friday's high crossing at $130.60. Second resistance is the 50-day moving average crossing at $131.00. 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 down $0.65 at $161.15. 

November feeder cattle closed lower on Wednesday 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 Thursday'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 $162.80 is the next upside target. Closes below the 20-day moving average crossing at $157.65 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at $162.48. Second resistance is the 50-day moving average crossing at $162.80. First support is the 20-day moving average crossing at $157.65. 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 posted an inside day with a lower close on Wednesday as it consolidate some of Tuesday's rally. The low-range close sets the stage for a steady to lower opening on Thursday. 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, July's high crossing at $217.86 is the next upside target. Closes below the 50-day moving average crossing at $190.37 would signal that a short-term top has been posted.   

December cocoa closed sharply lower on Wednesday and below the 50-day moving average crossing at 26.17 confirms that a short-term top has been posted.  The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December 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 lower on Wednesday 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 Thursday. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower 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 Wednesday as it extends the decline off last-Friday's high. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 101.04 would signal that a short-term top has been posted. If December renews 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.