KEY EVENTS TO WATCH FOR:

Tuesday, August 30, 2022   

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, M/M%

                       Ret Sales Mo-to-Date, Y/Y% (previous +12.2%)

                       Latest Wk, Y/Y% (previous +13.5%)

9:00 AM ET. 2^nd Quarter U.S. Quarterly House Price Index

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

9:00 AM ET. June S&P CoreLogic Case-Shiller Indices

                       10-City Idx, M/M% (previous +1.4%)

                       10-City Idx, Y/Y% (previous +19%)

                       20-City Idx, M/M% (previous +1.5%)

                       20-City Idx, Y/Y% (previous +20.5%)

                       National Idx, M/M% (previous +1.5%)

                       National Idx, Y/Y% (previous +19.7%)

10:00 AM ET. July Job Openings & Labor Turnover Survey

10:00 AM ET. August Consumer Confidence Index

                       Cons Conf Idx (previous 95.7)

                       Expectation Idx

                       Present Situation Idx (previous 141.3)

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous -5.6M)

                       Gasoline Stocks, Net Chg (Bbls) (previous +0.3M)

                       Distillate Stocks, Net Chg (Bbls) (previous +1.1M)

Wednesday, August 31, 2022  

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 270.1)

                       Composite Idx, W/W% (previous -1.2%)

                       Purchase Idx-SA (previous 202.8)

                       Purchase Idx-SA, W/W% (previous -0.5%)

                       Refinance Idx (previous 609.8)

                       Refinance Idx, W/W% (previous -2.8%)

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

                    Chicago PMI

                    PMI-Adj (previous 52.1)

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

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 421.672M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous -3.282M)

                       Gasoline Stocks (Bbl) (previous 215.647M)

                       Gasoline Stocks, Net Chg (Bbl) (previous -0.027M)

                       Distillate Stocks (Bbl) (previous 111.594M)

                       Distillate Stocks, Net Chg (Bbl) (previous -0.662M)

                       Refinery Usage (previous 93.8%)

                       Total Prod Supplied (Bbl/day) (previous 19.339M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous -1.882M)

3:00 PM ET. July Agricultural Prices

                       Farm Prices, M/M% (previous +0.2%)

Thursday, September 1, 2022  

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

                       Job Cuts, M/M% (previous -21%)

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

                       Jobless Claims (previous 243K)

                       Jobless Claims, Net Chg (previous -2K)

                       Continuing Claims (previous 1415000)

                       Continuing Claims, Net Chg (previous -19K)

8:30 AM ET. 2^nd Quarter Revised Productivity & Costs

                       Non-Farm Productivity (previous (previous -7.3%)

                       Unit Labor Costs (previous +12.6%)

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

                       Corn (Metric Tons) (previous 475.3K)

                       Soybeans (Metric Tons) (previous 5203.7K)

                       Wheat (Metric Tons) (previous 409.6K)

9:45 AM ET. August US Manufacturing PMI

                       PMI, Mfg (previous 52.2)

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

                       New Construction (previous -1.1%)

                       Residential Construction

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

                       Manufacturing PMI (previous 52.8)

                       Prices Idx (previous 60.0)

                       Employment Idx (previous 49.9)

                       Inventories (previous 57.3)

                       New Orders Idx (previous 48.0)

                       Production Idx (previous 53.5)

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

                       Working Gas In Storage (Cbf) (previous 2579B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +60B)

11:00 AM ET. August Global Manufacturing PMI

                       PMI, Mfg (previous 51.1)

12:00 AM ET. August Monthly U.S. Retail Chain Store Sales Index

4:00 PM ET. August Domestic Auto Industry Sales

4:30 PM ET. Federal Discount Window Borrowings

4:30 PM ET. Foreign Central Bank Holdings

Friday, September 2, 2022  

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

                       Non-Farm Payrolls (previous +528K)

                       Unemployment Rate (previous 3.5%)

                       Avg Hourly Earnings (USD) (previous 32.27)

                       Avg Hourly Earnings-Net Chg (USD) (previous +0.15)

                       Avg Hourly Earnings, M/M% (previous +0.47%)

                       Avg Hourly Earnings, Y/Y% (previous +5.22%)

                       Overall Workweek (previous 34.6)

                       Overall Workweek Net Chg (previous +0)

                       Government Payrolls (previous +57K)

                       Private Payroll (previous +471K)

                       Participation Rate (previous 62.1%)

                       Non-Farm Payrolls Bench Net Chg

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

                       Total Orders, M/M% (previous +2.0%)

                       Orders, Ex-Defense, M/M% (previous +1.3%)

                       Orders, Ex-Transport, M/M% (previous +1.4%)

                       Durable Goods, M/M%

                       Durable Goods, M/M%

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

The STOCK INDEXES: The September NASDAQ 100 was higher overnight as it consolidates some of the decline off August's high. Overnight trading sets the stage for a higher opening when the day session begins trading.Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 12,535.16 would open the door for a possible test of the July 26^th low crossing at 12,072.00. Closes above the 20-day moving average crossing at 13,179.49 would signal that a short-term low has been posted. First resistance is last-Friday's high crossing at 13,220.00. Second resistance is August's high crossing at 13,740.75. First support is the 50-day moving average crossing at 12,535.16. Second support is the July 26^th low crossing at 12,072.00.

The September S&P 500 was higher overnight as it consolidates some of the decline off August's high. Overnight trading sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day crossing at 4013.56 would open the door for additional weakness. Closes above last-Friday's high crossing at 4217.25 would signal that a short-term low has been posted. First resistance is last-Friday's high crossing at 4217.25. Second resistance is August's high crossing at 4327.50. First support is the 50-day moving average crossing at 4013.56. Second support is the July 26^th low crossing at 3913.25.  

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

INTEREST RATES: September T-bonds were higher overnight as it extends the trading range of the past four-days. The high-range overnight trade sets the stage for a higher opening when the day 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 September extends the decline off August's high, the June 28^th low crossing at 134-08 is the next downside target. Closes above the 20-day moving average crossing at 139-29 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 139-29. Second resistance is the August 10-day moving average crossing at 144-02. First support is the June 28^th low crossing at 134-08. Second support is the June 16^th low crossing at 131-01.

September T-notes was higher overnight as it consolidates some of the decline off August's high. Overnight strength sets the stage for a higher opening when the day 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 September extends the decline off August's high, the June 26^th low crossing at 116.110 is the next downside target. Closes above the 20-day moving average crossing at 118.237 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 118.237. Second resistance is the August 4^th high crossing at 120.290. First support is the June 26^th low crossing at 116.110. Second support is the June 14^st low crossing at 117.075. 

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

ENERGIES:October crude oil was steady to lower overnight. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to lower prices are possible near-term. If October extends the rally off August's low, the July 29^th high crossing at $99.75 is the next upside target. Closes below the 20-day moving average crossing at $91.05 would signal that a short-term top has been posted. First resistance is the overnight high crossing at $97.66. Second resistance is the July 29^th high crossing at $99.75. First support is the 38% retracement level of the 2020-2022 rally crossing at $84.81. Second support is the February 18^th low crossing at $79.83.

October heating oil was lower overnight as it consolidates some of the rally off August's low. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are overbought and turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $3.5656 would signal that a short-term top has been posted. If October resumes the rally off August's low, June's high crossing at $4.2595 is the next upside target. First resistance is last-Thursday's high crossing at $4.0392. Second resistance is June's high crossing at $4.2595. First support is the 10-day moving average crossing at $3.7825. Second support is the 20-day low crossing at $3.5656.

October unleaded gas was lower overnight as it extends August's trading range. Overnight weakness sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If October renews the decline off June's high, the March-2022 low crossing at $2.4776 is the next downside target. Closes above the August 11^th high crossing at $2.8350 would signal that a short-term low has been posted. First resistance is the August 11^th high crossing at $2.8350. Second resistance is the July 29^th high crossing at $2.9628. First support is the August 5^th low crossing at $2.5263. Second support is the March-2022 low crossing at $2.4776.

October Henry natural gas was steady to lower overnight. Overnight weakness sets the stage for a lower opening when the day 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 8.833 would signal that a short-term top has been posted. If October renews the rally off the August 8^th low, weekly resistance crossing at 10.299 is the next upside target. First resistance is last-Tuesday's high crossing at 9.987. Second resistance is weekly resistance crossing at 10.299. First support is the 20-day moving average crossing at 8.832. Second support is August's low crossing at 7.536.     

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

CURRENCIES:The September Dollar was lower overnight trading as it extends the trading range of the past six-days. The low-range overnight trading sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that a sideways to higher prices are possible near-term. If September extends the rally off August's low, monthly resistance crossing at $114.782 is the next upside target. Closes below the 50-day moving average crossing at $106.506 would signal that a short-term top has been posted. First resistance is Monday's high crossing at $109.445. Second resistance is monthly resistance crossing at $114.782. First support is the 20-day moving average crossing at $107.097. Second support is the 50-day moving average crossing at $106.506.

The September Euro was steady to slightly higher overnight as it extends the trading range of the past seven-days. The overnight trade sets the stage for a slightly higher opening when the day session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $1.02444 would signal that a short-term low has been posted. If September renews this year's decline, monthly support crossing at $0.93211 is the next downside target. First resistance is the 50-day moving average crossing at $1.02444. Second resistance is August's high crossing at $1.03965. First support is last-Tuesday's low crossing at $0.99160. Second support is monthly support crossing at $0.93211. 

The September British Pound was higher overnight as it consolidates some of this year's decline. Overnight strength sets the stage for a steady to higher opening when the day 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 September extends this month's decline, the March-2020 low on the monthly continuation chart crossing at 1.1438 is the next downside target. Closes above the 50-day moving average crossing at 1.2042 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 1.2042. Second resistance is the August 10^th high crossing at 1.2286. First support is Monday's low crossing at 1.1651. Second support is the March-2020 low on the monthly continuation chart crossing at 1.1438.

The September Swiss Franc was lower overnight as it extends the decline off August's high. The low-range overnight trade sets the stage for a steady to lower opening when the day 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 September extends the aforementioned decline, July's low crossing at 1.01650 is the next downside target. Closes above the 20-day moving average crossing at 1.04731 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.04731. Second resistance is August's high crossing at 1.07010. First support is the overnight low crossing at 1.02990. Second support is July's low crossing at 1.01650. 

The September Canadian Dollar was higher overnight as it consolidates some of the decline off August's high. The high-range overnight trade sets the stage for a steady to higher opening when the day 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 September extends the decline off August's high, July's low crossing at 75.61 is the next downside target. Closes above the 20-day moving average crossing at 77.43 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 77.43. Second resistance is August's high crossing at $78.55. First support is Monday's low crossing at $76.45. Second support is July's low crossing at $75.61.

The September Japanese Yen was higher overnight as it consolidates some of the decline off August's high. Overnight trading sets the stage for a steady to higher opening when the day 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 September extends the decline off August's high, long-term support crossing at 0.070000 is the next downside target. Closes above the 20-day moving average crossing at 0.074011 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.074011. Second resistance is the August 11^th high crossing at 0.076115. First support is Monday's low crossing at 0.072040. Second support is long-term support crossing at 0.070000. 

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

PRECIOUS METALS: Decembergold was lower overnight as it extends the decline off the August 10^th high crossing at 1824.60. Overnight trading sets the stage for a steady to lower opening when the day 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 August's high, July's low crossing at $1696.10 is the next downside target. Closes above the 20-day moving average crossing at $1782.40 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $1780.70. Second resistance is the August 10^th high crossing at $1824.60. First support is Monday's low crossing at $1731.40. Second support is July's low crossing at $1727.00.

September silver was slightly lower overnight. The high-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading later this morning. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this month's decline, July's low crossing at $18.010 is the next downside target. Closes above the 20-day moving average crossing at 19.656 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 19.656. Second resistance is August's high crossing at $20.870. First support is Monday's low crossing at 18.300. Second support is July's low crossing at $18.010. 

September copper was lower overnight and sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 3.5557 would signal that a short-term top has been posted. If September renews the rally off July's low, the 38% retracement level of the March-July decline crossing at 3.8395 is the next upside target. First resistance is the 38% retracement level of the March-July decline crossing at 3.8395. Second resistance is the 50% retracement level of the March-July decline crossing at 4.0590. First support is the 50-day moving average crossing at 3.5557. Second support is the July 15^th low crossing at 3.1315.

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

December corn was lower overnight due to profit taking as it consolidates some of the rally off July's low, Overnight weaknesssets the stage for a lower opening when the day sessions begins trading. Stochastics and the RSI are overbought but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the rally off July's low, the 62% retracement level of the May-July decline crossing at $6.88 is the next upside target. Closes below the 20-day moving average crossing at $6.31 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is the 62% retracement level of the May-July decline crossing at $6.88. Second resistance is the 75% retracement level of the May-July decline crossing at $7.15. First support is the 10-day moving average crossing at $6.46. Second support is the 20-day moving average crossing at $6.31. 

December wheat was lower overnight as it consolidates some of Monday's rally on news that wheat exports out of the Ukraine may be increasing in September. Overnight trading sets the stage for a lower opening when the day 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. Closes above the July 29^th high crossing at $8.63 3/4 would signal that a short-term low has been posted. If December renews the decline off May's high, the 75% retracement level of the January-May high crossing at $7.26 1/2 is the next downside target. First resistance is the July 29^th high crossing at $8.63 3/4. Second resistance is the July 11^th high crossing at $9.54. First support is the August 18^th low crossing at $7.43 1/4. Second support is the 75% retracement level of the January-May high crossing at $7.26 1/2.  

December Kansas City wheat was lower overnight as it consolidates some of its recent gains off August's low. Overnight trading sets the stage for a lower opening when the day session begins trading later this morning. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the July  29^th high crossing at $9.21 1/2 would signal that a short-term low has been posted. If December renews the decline off May's high, February's low crossing at $7.72 1/2 the next downside target. First resistance is the July 29^th high crossing at $9.21 1/2. Second resistance is the July 11^th high crossing at $10.10. First support is the 62% retracement level of the January-May rally crossing at $8.30 3/4. Second support is the February's low crossing at $7.72 1/2.

December Minneapolis wheat was lower overnight as it extends the July-August trading range. Overnight weakness sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the July 20^th high crossing at $9.67 would signal that a short-term low has been posted while opening the door for additional gains near-term. If December renews the decline of May's high, the 75% retracement level of the January-May rally crossing at $8.29 1/2 is the next downside target. First resistance is the July 20^th high crossing at $9.67. Second resistance is the July 11^th high crossing at $10.56 1/4. First support is the August 18^th low crossing at $8.61 3/4. Second support is the 75% retracement level of the January-May high crossing at $8.29 1/2. 

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

November soybeans was lower overnight, which suggest that last-Wednesday's high appears to have marked a double top with the July 29^th high. Overnight trading sets the stage for a lower opening when the day 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 decline off last-Wednesday's high, the August 16^th low crossing at $13.76 is the next downside target. If November renews the rally off the August 3^rd low, the June 30^th high crossing at $15.07 3/4 is the next upside target. First resistance is last-Wednesday's high crossing at $14.84 1/2. Second resistance is the July 29^th high crossing at $14.89. First support is the August 16^th low crossing at $13.76. Second support is the August 3^rd low crossing at $13.56. Third support is July's low crossing at $12.88 1/2.

December soybean meal was lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day 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 July's low, the February 22^nd high crossing at $4.39 is the next upside target. Closes below the 20-day moving average crossing at $412.30 would signal that a short-term top has been posted. First resistance is last-Wednesday's high crossing at $4.36 60. Second resistance is the February 22^nd high crossing at $4.39. First support is the 20-day moving average crossing at $412.30. Second support is the 50-day moving average crossing at $403.90.  

December soybean oil was lower overnight as it extends the trading range of the past three-weeks. The low-range overnight trade sets the stage for a steady to lower opening when the day 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 62.93 would signal that a short-term top has been posted. If December renews the rally off July's low, the 62% retracement level of the June-July decline crossing at 69.82 is the next upside target. First resistance is the August 12^th high crossing at 68.16. Second resistance is the 62% retracement level of the June-July decline crossing at 69.82. First support is the 50-day moving average crossing at 62.93. Second support is the August 4^th low crossing at 60.20.     

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

October hogs closed up $1.55 at $92.20. 

October hogs closed higher on Monday as it consolidated some of the decline off August's high. The high-range close sets the stage for a steady to higher opening when Tuesday'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 October extends the aforementioned decline, the 87% retracement level of the July-August rally crossing at $88.73 is the next downside target. Closes above the 50-day moving average crossing at $94.46 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at $94.46. Second resistance is the 20-day moving average crossing at $96.14. First support is the 75% retracement level of the July-August rally crossing at $90.52. Second support is the 87% retracement level of the July-August rally crossing at $88.73. 

October cattle closed down $0.15 at $142.90 

October cattle closed lower on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off August's high, the 50-day moving average crossing at $142.14 is the next downside target. Closes above the 10-day moving average crossing at $144.40 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at $144.40. Second resistance is August's high crossing at $146.25. First support is the 50-day moving average crossing at $142.14. Second support is the July 29^th low crossing at $141.43. 

October Feeder cattle closed down $2.30 at $181.10. 

October Feeder cattle gapped down and closed below the 50-day moving average on Monday as it extended the decline off August's low. The low-range close sets the stage for a steady to lower opening when Tuesday'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 October extends the aforementioned decline, the July low crossing at $176.25 is the next downside target. Closes above the 20-day moving average crossing at $185.88 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $185.88. Second resistance is August's high crossing at $190.20. First support is July's low crossing at $176.25. Second support is the June 13^th low crossing at $173.60.     

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

December coffee closed lower on Monday as it consolidates some of last-week's rally. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off July's low, February's high crossing at $25.34 is the next upside target. Closes below the 20-day moving average crossing at $21.98 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at $24.30. Second resistance is February's high crossing at $25.34. First support is the 10-day moving average crossing at $22.59. Second support is the 20-day moving average crossing at $21.98.                     

December cocoa closed higher on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning neutral signaling sideways to higher prices are possible near-term. If September extends the rally off August's low, the June 21^st high crossing at 25.07 is the next upside target. Closes below last-Tuesday's low crossing at 23.14 would temper the near-term friendly outlook.      

October sugar closed slightly lower on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends last-week's rally, August's high crossing at 18.70 is the next upside target. Closes above the August 19^th low crossing at 17.61 would temper the near-term bullish outlook.  

December cotton closed lower on Monday as it extended August's trading range. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off July's low, the 75% retracement level of the May-July decline crossing at 121.11 is the next upside target. Closes below the August 15th gap crossing at 108.59 would signal that a short-term top has been posted.