KEY EVENTS TO WATCH FOR:

Monday, November 29, 2021 

10:00 AM ET. October Pending Home Sales Index

                       Pending Home Sales (previous 116.7)

                       Pending Home Sales Idx, M/M% (previous -2.3%)

                       Pending Home Sales Idx , Y/Y% (previous -8.0%)

10:30 AM ET. November Texas Manufacturing Outlook Survey

                       Business Activity (previous 14.6)

                       Mfg Production Idx (previous 18.3)

Tuesday, November 30, 2021 

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% (previous +15.3%)

                       Latest Wk, Y/Y% (previous +15.4%)

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

9:00 AM ET. September SP CoreLogic Case-Shiller Indices

                       10-City Idx, M/M% (previous +0.8%)

                       10-City Idx, Y/Y% (previous +18.6%)

                       20-City Idx, M/M% (previous +0.9%)

                       20-City Idx, Y/Y% (previous +19.7%)

                       National Idx, M/M% (previous +1.2%)

                       National Idx, Y/Y% (previous +19.8%)

9:00 AM ET. 3^rd Quarter U.S. Quarterly House Price Index

9:45 AM ET. November Chicago Business Barometer - ISM-Chicago Business Survey - Chicago PMI

                       PMI-Adj (previous 68.4)

10:00 AM ET. November Consumer Confidence Index

                       Cons Conf Idx (previous 113.8)

                       Expectation Idx

                       Present Situation Idx (previous 147.4)

3:00 PM ET. October Agricultural Prices

                       Farm Prices, M/M% (previous -0.7%)

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous +2.3M)

                       Gasoline Stocks, Net Chg (Bbls) (previous +0.6M)

                       Distillate Stocks, Net Chg (Bbls) (previous -1.5M)

Wednesday, December 1, 2021 

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 651.3)

                       Composite Idx, W/W% (previous +1.8%)

                       Purchase Idx-SA (previous 295.7)

                       Purchase Idx-SA, W/W% (previous +4.7%)

                       Refinance Idx (previous 2706.2)

                       Refinance Idx, W/W% (previous +0.4%)

8:15 AM ET. November ADP National Employment Report

                       Private Sector Jobs, Net Chg (previous +571000)

9:45 AM ET. November US Manufacturing PMI

                       PMI, Mfg (previous 58.4)

10:00 AM ET. October Construction Spending - Construction Put in Place

                       New Construction (previous -0.5%)

                       Residential Construction

10:00 AM ET. November ISM Report On Business Manufacturing PMI

                       Manufacturing PMI (previous 60.8)

                       Prices Idx (previous 85.7)

                       Employment Idx (previous 52.0)

                       Inventories (previous 57.0)

                       New Orders Idx (previous 59.8)

                       Production Idx (previous 59.3)

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 434.02M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous +1.017M)

                       Gasoline Stocks (Bbl) (previous 211.393M)

                       Gasoline Stocks, Net Chg (Bbl) (previous -0.603M)

                       Distillate Stocks (Bbl) (previous 121.717M)

                       Distillate Stocks, Net Chg (Bbl) (previous -1.968M)

                       Refinery Usage (previous 88.6%)

                       Total Prod Supplied (Bbl/day) (previous 21.752M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous +0.123M)

11:00 AM ET. November Global Manufacturing PMI

                       PMI, Mfg (previous 54.3)

2:00 PM ET. U.S. Federal Reserve Beige Book

4:00 PM ET. November Domestic Auto Industry Sales

Thursday, December 2, 2021 

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

                       Job Cuts, M/M% (previous +27.53%)

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

                       Jobless Claims (previous 199K)

                       Jobless Claims, Net Chg (previous -71K)

                       Continuing Claims (previous 2049000)

                       Continuing Claims, Net Chg (previous -60K)

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

                       Corn (Metric Tons)

                       Soybeans (Metric Tons)

                       Wheat (Metric Tons)

9:45 AM ET. Consumer Comfort Index

10:00 AM ET. SEC Investor Advisory Committee Quarterly Meeting

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

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

                       Working Gas In Storage (Cbf) (previous 3623B)

                       Working Gas In Storage, Net Chg (Cbf) (previous -21B)

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

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings

Friday, December 3, 2021 

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

                       Non-Farm Payrolls (previous +531K)

                       Unemployment Rate (previous 4.6%)

                       Avg Hourly Earnings (USD)

                       Avg Hourly Earnings-Net Chg (USD)

                       Avg Hourly Earnings, M/M% (previous +0.4%)

                       Avg Hourly Earnings, Y/Y% (previous +4.9%)

                       Overall Workweek (previous 34.7)

                       Overall Workweek Net Chg (previous -0.1)

                       Government Payrolls (previous -73K)

                       Private Payroll (previous +604K)

                       Participation Rate (previous 61.6%)

                       Non-Farm Payrolls Bench Net Chg

9:45 AM ET. November US Services PMI

                       PMI, Services (previous 58.7)

10:00 AM ET. November ISM Report On Business Services PMI

                       Non-Mfg Composite Idx (previous 66.7)

                       Non-Mfg Business Idx (previous 69.8)

                       Prices Idx (previous 82.9)

                       Employment Idx (previous 51.6)

                       New Orders Idx (previous 69.7)

10:00 AM ET. October Manufacturers' Shipments, Inventories & Orders (M3)

                       Total Orders, M/M% (previous +0.2%)

                       Orders, Ex-Defense, M/M% (previous -0.5%)

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

                       Durable Goods, M/M%

11:00 AM ET. November Global Services PMI

                       PMI, Services (previous 55.6)

N/A              Latest deadline for new funding deal to avert U.S. Govt shutdown

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

The Dow gapped down and closed sharply lower on Friday as global markets were rattled by a new coronavirus variant discovered in South Africa, which raised concerns that new growth-crushing lockdowns could be imposed. Today's sharp decline that led to a close below the 50-day moving average crossing at 35,262.37 confirms that the short-term trend has turned down. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If the Dow extends the decline off November's high, the October 13^th low crossing at 34,115.10 is the next downside target. Closes above the 20-day moving average crossing at 35,951.03 would signal that a short-term low has been posted. First resistance is today's gap crossing at 35,591.03. Second resistance is the 20-day moving average crossing at 35,951.03. First support is the October 13^th low crossing at 34,115.10. Second support is October's low crossing at 33,785.54.

The December NASDAQ 100 closed sharply lower on Friday following news that a new coronavirus variant has been discovered in South Africa. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Today's close below the 20-day moving average crossing at 16,210.16 signals that a short-term top has been posted while opening the door for additional weakness near-term. If December renews the rally off October's low, upside targets will be hard to project. First resistance is Monday's high crossing at 16,767.50. Second resistance is unknown. First support is the November 11^th low crossing at 15,896.50. Second support is the 50-day moving average crossing at 15,532.43.

The December S&P 500 was sharply lower on Friday as news of a new coronavirus variant discovered in South Africa triggered today's selloff.The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are neutral to bearish signaling sideways to lower prices are possible near-term. If December extends this week's decline, the 50-day moving average crossing at 4519.52 is the next downside target. If December extends this year's rally, upside targets will be hard to project. First resistance is Monday's high crossing at 4740.50. Second resistance is unknown. First support is today's low crossing at 4577.50. Second support is the 50-day moving average crossing at 4519.41.    

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

December T-bonds closed up 2-31/32's at 162-31 

December T-bonds closed sharply higher on Friday in a safe-haven move by traders as news of a coronavirus variant raised concerns that new growth-crushing lockdowns could be imposed. The high-range close sets the stage for a steady to higher opening when Monday'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 today's rally, November's high crossing at 164-01 is the next upside target. Closes below the 50-day moving average crossing at 160-13 would temper today's gains.First resistance is November's high crossing at 164-01. Second resistance is the September 22 high crossing at 164-16. First support is Wednesday's low crossing at 158-29. Second support is the 62% retracement level of the March-August rally crossing at 157-13.  

December T-notes closed up 1125-pts at 131.070.

December T-notes closed sharply higher on Friday as it consolidated some of the decline off August's high. Today's close above the 50-day moving average crossing at 131.055 signals that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are oversold, diverging and are turning neutral to bullish signaling sideways to higher prices are possible near-term. If December extends today's rally, November's high crossing at 131.305 is the next upside target. Closes below the 10-day moving average crossing at 130.119 would signal that a short-term top has been posted. First resistance is November's high crossing at 131.305. Second resistance is October's high crossing at 132.085. First support is Wednesday's low crossing at 129.160. Second support is the 50% retracement level of the 2018-2020-rally on the monthly continuation chart crossing at 129.035. 

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

January crude oil closed sharply lower on Friday as news of a new variant of the Covid virus triggered today's huge sell off on fears of lower demand due to possible shutdown mandates.The low-range close sets the stage for a steady to lower opening when Monday's night session begins. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the decline off October's high, the 75% retracement level of the August-October rally crossing at $66.52 is the next downside target. Closes above the 20-day moving average crossing at $79.04 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $79.04. Second resistance is October's high crossing at $83.83. First support is the 75% retracement level of the August-October rally crossing at $66.52. Second support is the 87% retracement level of the August-October rally crossing at $63.75.

January heating oil closed sharply lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night trading session begins. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the decline off October's high, the 75% retracement level of the August-October rally crossing at $206.56 is the next downside target. Closes above the 50-day moving average crossing at $240.26 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at $240.26. Second resistance is October's high crossing at $258.40. First support is the 75% retracement level of the August-October rally crossing at $206.56. Second support is the 87% retracement level of the August-October rally crossing at $198.23

January unleaded gas closed sharply lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday'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 January extends the decline off October's high, the 75% retracement level of the August-October rally crossing at $206.70 is the next downside target. Closes above the 20-day moving average crossing at $235.19 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at $235.19. Second resistance is the November 10^th high crossing at $235.05. Third resistance is November's highcrossing at $238.25. First support is the 75% retracement level of the August-October rally crossing at $206.70. Second support is the 87% retracement level of the August-October rally crossing at $199.92.    

January Henry natural gas closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI have turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 5.537 would signal that a low has been posted. If January renews the decline off October's high, the 50% retracement level of the 2020-2021-rally crossing at 4.623 is the next downside target. First resistance is the 50-day moving average crossing at 5.537. Second resistance is the November 4^th high crossing at 5.975. First support is Monday's low crossing at 4.736. Second support is the 50% retracement level of the 2020-2021-rally crossing at 4.623.  

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

The December Dollar closed sharply lower on Friday as it consolidates some of this month's rally. The low-range close sets the stage for a steady to lower opening when Monday'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 June-2020 high on the weekly continuation chart crossing at $97.81 is the next upside target. Closes below the 20-day moving average crossing at $95.26 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at $96.94. Second resistance is the June-2020 high on the weekly continuation chart crossing at $97.81. First support is the 10-day moving average crossing at $96.16. Second support is the 20-day moving average crossing at $95.26. 

The December Euro closed sharply higher on Friday as it consolidates some of this year's decline. The high-range close sets the stage for a steady to higher opening when Monday'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 this year's decline, the 87% retracement level of the 2020-2021-rally crossing at 110.60 is the next downside target. Closes above the 20-day moving average crossing at 114.40 would confirm that a low has been posted. First resistance is the 10-day moving average crossing at 113.15. Second resistance is the 20-day moving average crossing at 114.40. First support is Wednesday's low crossing at 111.90. Second support is the 87% retracement level of the 2020-2021-rally crossing at 110.60. 

The December British Pound closed slightly higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are still possible. If December extends the decline off June's high, the 38% retracement level of the 2020-2021 rally crossing at 1.3223 is the next downside target. Closes above the 20-day moving average crossing at 1.3482 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.3482. Second resistance is the 50-day moving average crossing at 1.3595. First support is today's low crossing at 1.3277. Second support is the 38% retracement level of the 2020-2021 rally crossing at 1.3223. 

The December Swiss Franc closed sharply higher on Friday as it consolidates some of this month's decline. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 1.0866 would signal that a short-term low has been posted. If December extends this month's decline, March's low crossing at 1.0654 is the next downside target.First resistance is the 50-day moving average crossing at 1.0845. Second resistance is the 20-day moving average crossing at 1.0866. First support is Wednesday's low crossing at 1.0673. Second support is March's low crossing at 1.0654. 

The December Canadian Dollar closed lower on Friday as it extends the decline off October's high. The low-range close sets the stage for a steady to lower opening when Monday'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 September 29^th low crossing at 78.27 is the next downside target. Closes above the 20-day moving average crossing at 79.76 would signal that a short-term top has been posted. First resistance is the 20-day moving average crossing at 79.76. Second resistance is the November 16^th high crossing at 80.05. First support is today's low crossing at 78.12. Second support is September's low crossing at 77.53.

The December Japanese Yen closed sharply higher on Friday as it consolidates some of the decline off this year's high. The high-range close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 0.088571 would confirm that a low has been posted. If December extends this year's decline, the December-2016 low on the monthly continuation chart crossing at 0.084275 is the next downside target. First resistance is the 50-day moving average crossing at 0.088571. Second resistance is November's high crossing at 0.088735. First support is Wednesday's low crossing at 0.086565. Second support is the December-2016 low on the monthly continuation chart crossing at 0.084275.  

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

February gold closed higher on Friday as it consolidates some the decline off November's high.The mid-range close sets the stage for a steady to higher opening when Monday'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 November's high, November's low crossing at $1761.00 is the next downside target. Closes above the 10-day moving average crossing at $1833.90 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at $1822.70. Second resistance is the 10-day moving average crossing at $1833.90. First support is November's low crossing at 1761.00. Second support is September's low crossing at $1723.70.

December silver closed lower on Friday as it extended the decline off November's high. The low-range close sets the stage for a steady to lower opening when Monday'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 this week's decline, September's low crossing at 21.410 is the next downside target. Closes above the 10-day moving acreage crossing at 24.462 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 24.319. Second resistance is the 10-day moving average crossing at 24.462. First support is today's low crossing at 22.915. Second support is the October 12^th low crossing at 22.325.    

December copper closed sharply lower on Friday.The low-range close sets the stage for a steady to lower opening when Monday'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 October's high, September's low crossing at 401.60 is the next downside target. If December resumes the rally off November's low, July's high crossing at 458.60 is the next upside target. First resistance today's high crossing at 450.05. Second resistance is July's high crossing at 458.60. First support is November's low crossing at 419.15. Second support is October's low crossing at 401.60.  

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

March Corn closed up $0.06 1/4-cents at $5.91 3/4. 

March corn closed higher on Friday as it posted its highest close since the first of July. The high-range close sets the stage for a steady to higher opening when Monday'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 March extends the rally off October's low, August's high crossing at $5.99 3/4 is the next upside target. Closes below the 20-day moving average crossing at $5.78 would signal that a short-term top has been posted. First resistance is August's high crossing at $5.99 3/4. Second resistance is July's high crossing at $6.16 1/2. First support is the 20-day moving average crossing at $5.78. Second support is the 50-day moving average crossing at $5.56.     

March wheat closed down $0.05 1/4-cents at $8.45.  

March wheat gapped down and closed lower on Friday as it consolidated some of the rally off March's low. The high-range close sets the stage for a steady to higher opening when Monday'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 March extends the rally off September's low, psychological resistance crossing at $9.00 is the next upside target. Closes below the 20-day moving average crossing at $8.18 1/2 would signal that a short-term top has been posted.First resistance is Wednesday's high crossing at $8.74 3/4. Second resistance is psychological resistance crossing at $9.00. First support is the 20-day moving average crossing at $8.18 1/2. Second support is the 50-day moving average crossing at $7.74 1/2.

March Kansas City Wheat closed down $0.04 1/2-cents at $8.72 1/2.

March Kansas City wheat closed lower on Friday as it consolidated some of its recent gains. The high-range close sets the stage for a steady to higher opening when Monday'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 March extends the rally off September's low, psychological resistance crossing at $9.00 is the next upside target. Closes below the 20-day moving average crossing at $8.25 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at $8.92 1/4. Second resistance is psychological resistance crossing at $9.00. First support is the 10-day moving average crossing at $8.50. Second support is the 20-day moving average crossing at $8.25.

March Minneapolis wheat closed up $0.03 1/2-cents at $10.48 1/2. 

March Minneapolis wheat closed higher on Friday as it continues to form a symmetrical triangle. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally, monthly resistance on the continuation chart crossing at $11.20 is the next upside target. Closes below the November low crossing at $9.91 3/4 would confirm that a short-term top has been posted. First resistance is November's high crossing at $10.86 1/2. Second resistance is monthly resistance on the continuation chart crossing at $11.22. First support is November's low crossing at $9.91 3/4. Second support is the 50-day moving average crossing at $9.73 1/4.  

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

January soybeans closed down $0.13-cents at $12.53 1/2.

January soybeans gapped down and closed lower on Thursday as it broke out to the downside of the trading range of the past six-days. Today's high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $12.44 1/2 would signal that a short-term top has been posted. If January extends the rally off November's low, September's high crossing at $13.17 is the next upside target. First resistance is September's high crossing at $13.117. Second resistance is August's high crossing at $13.81 1/2. First support is the 20-day moving average crossing at $12.44 1/2. Second support is November's low crossing at $11.81 1/4.

December soybean meal closed down $2.00 at $355.60. 

December soybean meal closed lower on Friday as it extended the decline off November's high. The high-range close sets the stage for a steady to higher opening when Monday'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 $351.70 would signal that a short-term top has been posted. If December renews the rally off October's low, the 62% retracement level of the May-October decline crossing at $383.30 is the next upside target. First resistance is the 62% retracement level of the May-October decline crossing at $383.30. Second resistance is July's high crossing at $392.70. First support is the 20-day moving average crossing at $351.70. Second support is the 50-day moving average crossing at $337.40.      

December soybean oil closed down 185 pts. at 59.09. 

December soybean oil gapped down and closed lower on Friday. 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. If December extends the rally off November's low, October's high crossing at 65.00 is the next upside target. If December renews the decline off October's high, September's low crossing at 54.18 is the next downside target. First resistance is November's high crossing at 62.44. Second resistance is October's high crossing at 65.00. First support is November's low crossing at 58.50. Second support is September's low crossing at 54.18.  

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

February hogs closed down $2.65 at $81.60. 

February hogs closed sharply lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $80.78 would signal that a short-term top has been posted. If February extends the rally off October's low, October's high crossing at $87.48 is the next upside target. First resistance is today's high crossing at $84.68. Second resistance is October's high crossing at $87.48. First support is the 20-day moving average crossing at $80.78. Second support is November's low crossing at $77.10. 

February cattle closed up $0.25 at $141.12. 

February cattle closed higher on Friday. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends this fall's rally, the March 2016 high on the continuation chart crossing at $141.90 is the next upside target. Closes below the 20-day moving average crossing at $137.02 would signal that a short-term top has been posted. First resistance is today's high crossing at $141.45. Second resistance is the March 2016 high on the continuation chart crossing at $141.90. First support is the 10-day moving average crossing at $138.02. Second support is the 20-day moving average crossing at $137.02. 

January Feeder cattle closed up $0.40 at $167.33. 

January feeder cattle closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If January extends the rally off November's low, September's high crossing at $170.45 is the next upside target. First resistance is today's high crossing at $168.18. Second resistance is September's high crossing at $170.45. First support is the 10-day moving average crossing at $161.70. Second support is the 50-day moving average crossing at $159.26. 

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

March coffee closed lower on Friday. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways trading is possible near-term. If March extends this month's rally, weekly resistance crossing at 258.65 is the next upside target. Closes below the 20-day moving average crossing at 220.95 would signal that a short-term top has been posted.  

March cocoa gapped down and closed sharply lower on Friday.  The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off October's high July's low crossing at 23.13 is the next upside target. Closes above today's gap crossing at 24.95 would signal that a low has been posted.  

March sugar closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, October's low crossing at 18.82 is the next downside target. Closes above the 10-day moving average crossing at 19.95 would signal that a short-term low has been posted. 

March cotton gapped down and closed sharply lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Today's close below the reaction low crossing at 112.02 confirms that a short-term top has been posted. If March extends today's decline, the 50-day moving average crossing at 107.22 is the next downside target. Closes above today's gap crossing at 115.15 would signal that a low has been posted.