KEY EVENTS TO WATCH FOR:

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 closed sharply higher on Thursday as it consolidates some of the decline off November's high. The high-range close sets the stage for a steady to higher opening when Friday's session begins trading. The high-range close sets the stage for a steady to higher opening when Friday'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 aforementioned decline, September's low crossing at 33,613.03 is the next downside target. Closes above last-Friday's gap crossing at 35,591.03 would signal that a short-term low has been posted. First resistance is last-Friday's gap crossing at 35,591.03. Second resistance is the 20-day moving average crossing at 35,670.51. First support is September's low crossing at 33,613.03. Second support is June's low crossing at 33,271.93.

The December NASDAQ 100 closed higher on Thursday as it consolidated some of the decline off November's high. The high-range close sets the stage for a steady to higher opening when Friday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off November's low, the 50-day moving average crossing at 15,610.17 is the next downside target. Closes above Tuesday's high crossing at 16,456.25 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 16,255.40. Second resistance is November's high crossing at 16,767.50. First support is today's low crossing at 15,762.75. Second support is the 50-day moving average crossing at 15,610.17.

The December S&P 500 posted an inside day with a sharply higher close on Thursday as it consolidated some of the decline off November's high. The high-range close sets the stage for a steady to higher opening when Friday's 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 aforementioned decline, the October 12^th low crossing at 4317.25. Closes above the 20-day moving average crossing at 4656.46 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 4656.46. Second resistance is November's high crossing at 4740.50. First support is Wednesday's low crossing at 4497.75. Second support is the October 12^th low crossing at 4317.25.    

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

March T-bonds closed down 1/32's at 162-11 

March T-bonds closed slightly lower on Thursday as it consolidates some of the rally off last-Wednesday's low. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the aforementioned rally, September's high crossing at 163-27 is the next upside target. Closes below the 20-day moving average crossing at 160-05 would signal that a short-term top has been posted. First resistance is today's high crossing at 163-04. Second resistance is the September high crossing at 163-27. First support is the 20-day moving average crossing at 160-05. Second support is November's low crossing at 157-12.  

March T-notes closed down 100-pts at 130.190.

March T-notes closed lower on Thursday as it consolidates some of the rally off November's low. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are diverging but remain neutral to bullish signaling sideways to higher prices are possible near-term. If March extends the rally off November's low, the 50% retracement level of the August-November decline crossing at 131.171 is the next upside target. Closes below the 10-day moving average crossing at 130.006 would signal that a short-term top has been posted. First resistance is the 50% retracement level of the August-November decline crossing at 131.171. Second resistance is the 62% retracement level of the August-November decline crossing at 132.065. First support is the 10-day moving average crossing at 130.006. Second support is November's low crossing at 128.225. 

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

January crude oil closed higher on Thursday as it consolidates some of the decline off November's high.The high-range close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the decline off October's high, August's low crossing at $60.77 is the next downside target. Closes above the 20-day moving average crossing at $76.16 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $72.49. Second resistance is the 20-day moving average crossing at $76.16. First support is the 87% retracement level of the August-October rally crossing at $63.75. Second support is August's low crossing at $60.77. 

January heating oil closed higher on Thursday as it consolidated some of the decline off October's high. The high-range close sets the stage for a steady to higher opening when Friday's night trading session begins. Stochastics and the RSI oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the decline off October's high, the 87% retracement level of the August-October rally crossing at $198.23 is the next downside target. Closes above the 20-day moving average crossing at $232.30 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $222.43. Second resistance is the 20-day moving average crossing at $232.30. 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 higher on Thursday as it consolidated some of the decline off October's high. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the decline off October's high, the 87% retracement level of the August-October rally crossing at $186.65 is the next downside target. Closes above the 20-day moving average crossing at $218.90 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at $210.35. Second resistance is the 20-day moving average crossing at $218.90. First support is the 87% retracement level of the August-October rally crossing at $186.65. Second support is August's low crossing at $178.30.    

January Henry natural gas closed lower for the fourth-day in a row on Thursday as it extended the the decline off October's high. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the decline off October's high, the 75% retracement level of the 2020-2021-rally crossing at 3.593 is the next downside target. Closes above the 20-day moving average crossing at 5.041 would signal that a low has been posted. First resistance is the 10-day moving average crossing at 4.841. Second resistance is the 20-day moving average crossing at 5.041. First support is the 62% retracement level of the 2020-2021-rally crossing at 4.137. Second support is the 75% retracement level of the 2020-2021-rally crossing at 3.593.   

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

The December Dollar closed higher on Thursday as it consolidates some of Tuesday's decline. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $95.67 would confirm that a short-term top has been posted. If December resumes the rally off September's low, the June-2020 high on the weekly continuation chart crossing at $97.81 is the next upside target. First resistance is November'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 20-day moving average crossing at $95.67. Second support is the 50-day moving average crossing at $94.63. 

The December Euro closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 113.82 would confirm that a low has been posted. If December resumes this year's decline, the 87% retracement level of the 2020-2021-rally crossing at 110.60 is the next downside target. First resistance is the 20-day moving average crossing at 113.82. Second resistance is the 50-day moving average crossing at 115.29. First support is last-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 higher on Thursday. The mid-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are still possible. Closes above the 20-day moving average crossing at 1.3408 would signal that a short-term low has been posted. If December extends this year's decline, the 50% retracement level of the 2020-2021 rally crossing at 1.2906 is the next downside target. First resistance is the 20-day moving average crossing at 1.3408. Second resistance is the 50-day moving average crossing at 1.3565. First support is the 38% retracement level of the 2020-2021 rally crossing at 1.3223. Second support is the 50% retracement level of the 2020-2021 rally crossing at 1.2906. 

The December Swiss Franc closed lower on Thursday as it consolidates some of the rally off November's low but remain above the 20-day moving average crossing at 1.0844 signaling that a short-term low has been posted. 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, November's high crossing at 1.1017 is the next upside target. Closes below the 10-day moving average crossing at 1.0801 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at 1.0924. Second resistance is November's high crossing at 1.1017. First support is November's low crossing at 1.0673. Second support is March's low crossing at 1.0654. 

The December Canadian Dollar closed slightly higher on Thursday as it consolidates some of the decline off October'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 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 79.25 would signal that a short-term top has been posted. First resistance is the 20-day moving average crossing at 79.25. Second resistance is the November 16^th high crossing at 80.05. First support is today's low crossing at 77.88. Second support is September's low crossing at 77.53.

The December Japanese Yen closed lower on Thursday as it consolidated some of the rally off last-Wednesday's low. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are becoming overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off last-Wednesday's low, the 50% retracement level of the August-November decline crossing at 0.089293 is the next upside target. Multiple closes below the 10-day moving average crossing at 0.087769 would confirm that a top has been posted. First resistance is Tuesday's high crossing at 0.088870. Second resistance is the 50% retracement level of the August-November decline crossing at 0.089293. First support is the 10-day moving average crossing at 0.087769. Second support is November's low crossing at 0.086565.

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

February gold closed lower on Thursday as it extended the decline off November's high.The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off November's high, November's low crossing at $1761.00 is the next downside target. Closes above the 20-day moving average crossing at $1823.40 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at $1823.40. Second resistance is November's high crossing at $1881.90. First support is November's low crossing at 1761.00. Second support is September's low crossing at $1723.70.

March silver posted an inside day with a higher close on Thursday as it consolidated some of the decline off November's high. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off November's high, September's low crossing at 21.460 is the next downside target. Closes above the 20-day moving acreage crossing at 24.141 would confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 23.617. Second resistance is the 20-day moving average crossing at 24.141. First support is Wednesday's low crossing at 22.185. Second support is the October 12^th low crossing at 22.380.    

March copper closed higher on Thursday.The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off October's high, September's low crossing at 401.30 is the next downside target. If March resumes the rally off November's low, October's high crossing at 477.70 is the next upside target. First resistance is last-Friday's high crossing at 451.15. Second resistance is October's high crossing at 477.70. First support is November's low crossing at 420.00. Second support is September's low crossing at 401.30.  

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

March Corn closed down $0.05 1/4-cents at $5.77. 

March corn closed higher on Thursday as it extends the rebound off Tuesday's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March resumes the decline off last-Wednesday's high, the 50-day moving average crossing at $5.59 3/4 is the next downside target. Closes above the 10-day moving average crossing at $5.80 1/4 would signal that a short-term low 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 50-day moving average crossing at $5.59 3/4. Second support is October's low crossing at $5.16 1/4.     

March wheat closed up $0.24 1/2-cents at $8.15.  

March wheat Closes higher on Thursday as it consolidated some of the decline off November's high. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the aforementioned decline, the 50-day moving average crossing at $7.81 3/4 is the next downside target. Closes above the 10-day moving average crossing at $8.29 1/2 would signal that a short-term low has been posted.First resistance is the 20-day moving average crossing at $8.19 1/2. Second resistance is the 10-day moving average crossing at $8.29 1/2. First support is the 50-day moving average crossing at $7.81 3/4. Second support is October's low crossing at $7.25 3/4.

March Kansas City Wheat closed up $0.23-cents at $8.42 1/4.

March Kansas City wheat closed higher on Thursday as it consolidates some of the decline off November's high. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the aforementioned decline, the 50-day moving average crossing at $7.87 1/2 is the next downside target. If March renews the rally off September's low, psychological resistance crossing at $9.00 is the next upside target. First resistance is last-Wednesday's high crossing at $8.92 1/4. Second resistance is psychological resistance crossing at $9.00. First support is Wednesday's low crossing at $8.11 1/4. Second support is the 50-day moving average crossing at $7.87 1/2.

March Minneapolis wheat closed up $0.22 1/2-cents at $10.42 1/4. 

March Minneapolis wheat closed higher on Thursday as it extends November's trading range. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews 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 $9.84 3/4.  

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

January soybeans closed up $0.16-cents at $12.44 1/4.

January soybeans closed higher on Thursday as it consolidated some of the decline off November's high. Today's high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the aforementioned decline, November's low crossing at $11.81 1/4 is the next downside target. Closes above the 10-day moving average crossing at $12.52 1/2 would signal that a short-term low has been posted. First resistance is November's high crossing at $12.89 1/4. Second resistance is September's high crossing at $13.17. First support is Tuesday's low crossing at $12.14 1/4. Second support is November's low crossing at $11.81 1/4.

January soybean meal closed down $0.30 at $348.80. 

January soybean meal closed slightly lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the aforementioned decline, the 50-day moving average crossing at $336.30 is the next downside target. Closes above the 10-day moving average crossing at $353.00 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $353.00. Second resistance is November's high crossing at $375.90. First support is the 50-day moving average crossing at $336.30. Second support is the November 8^th low crossing at $326.80.      

January soybean oil closed up 127 pts. at 56.45. 

January soybean oil closed higher on Thursday as it consolidated some of the decline off October's high. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the decline off October's high, September's low crossing at 54.25 is the next downside target. Closes above the 50-day moving average crossing at 59.63 would signal that a short-term low has been posted. First resistance is November's high crossing at 62.10. Second resistance is October's high crossing at 64.31. First support is Wednesday's low crossing at 54.68. Second support is September's low crossing at 54.25.  

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

February hogs closed up $2.05 at $82.18. 

February hogs closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to higher prices are possible near-term. Today's close above the 10-day moving average crossing at $82.06 signals that a short-term low has been posted. If February renews the decline off November's high, the November 10^th low crossing at $77.67 is the next downside target. First resistance is last-Friday's high crossing at $84.68. Second resistance is October's high crossing at $87.48. First support is the November 10^th low crossing at $77.67. Second support is November's low crossing at $77.10. 

February cattle closed up $0.90 at $139.50. 

February cattle closed higher on Thursday. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If February renews 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 $137.78 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $141.85. Second resistance is the March 2016 high on the continuation chart crossing at $141.90. First support is the 20-day moving average crossing at $137.78. Second support is the 50-day moving average crossing at $135.53. 

January Feeder cattle closed unchanged at $165.82. 

January feeder cattle closed unchanged on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $161.70 would signal that a short-term top has been posted. If January renews the rally off November's low, September's high crossing at $170.45 is the next upside target. First resistance is Monday's high crossing at $168.30. Second resistance is September's high crossing at $170.45. First support is the 10-day moving average crossing at $164.46. Second support is the 20-day moving average crossing at $161.70. 

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

March coffee closed higher on Friday. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 225.73 would signal that a short-term top has been posted. If March renews this year's rally, weekly resistance crossing at 258.65 is the next upside target.   

March cocoa closed sharply higher on Thursday as it consolidated some of the decline off October's high. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Friday's gap crossing at 24.95 would signal that a low has been posted. If March extends the decline off October's high July's low crossing at 23.13 is the next downside target.   

March sugar closed slightly higher on Thursday. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the aforementioned decline, August's low crossing at 18.31 is the next downside target. Closes above the 20-day moving average crossing at 19.68 would signal that a short-term low has been posted. 

March cotton closed lower on Thursday as it extended the decline off November's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. The low-range close sets the stage for a steady to lower opening on Friday. If March extends the aforementioned decline, October's low crossing at 101.31 is the next downside target. Closes above Tuesday's gap crossing at 111.11 would signal that a low has been posted.