KEY EVENTS TO WATCH FOR:

Monday, November 19, 2018 

10:00 AM ET. 3^rd Quarter Quarterly Retail E-Commerce Sales

10:00 AM ET. November NAHB Housing Market Index

                       Housing Mkt Idx (previous 68)

Tuesday, November 20, 2018 

7:45 AM ET. The Retail Economist/Goldman Sachs Weekly Chain Store Sales Index

                       Chain Store Sales, W/W% (previous -0.8%)

                       Chain Store Sales, M/M% (previous +1.8%)

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

                       Total Starts (previous 1.201M)

                       Housing Starts, M/M% (previous -5.3%)

                       Building Permits (previous 1.241M)

                       Building Permits, M/M% (previous -0.6%)

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, M/M% (previous +0.2%)

                       Ret Sales Mo-to-Date, Y/Y% (previous +6.1%)

                       Latest Wk, Y/Y% (previous +6.1%)

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous +8.8M)

                       Gasoline Stocks, Net Chg (Bbls) (previous +0.2M)

                       Distillate Stocks, Net Chg (Bbls) (previous -3.2M)

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

The December NASDAQ 100 closed lower on Friday. The mid-range close sets the stage for a steady 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. If December extends the decline off November's high, October's low crossing at 6580.50 is the next downside target. Closes above the 10-day moving average crossing at 6958.93 would confirm that a short-term low has been posted. First resistance is November's high crossing at 7231.00. Second resistance is the 50-day moving average crossing at 7250.36. First support is Thursday's low crossing at 6712.25. Second support is October's low crossing at 6580.50. 

The December S&P 500 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 are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off November's high, the 87% retracement level of the April-September-rally crossing at 2628.96 is the next downside target. Closes above the 10-day moving average crossing at 2753.41 would confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 2816.58. Second resistance is the reaction high crossing at 2823.00. First support is the 87% retracement level of the April-September-rally crossing at 2628.96. Second support is April's low crossing at 2583.60. 

The Dow closed higher on Friday. 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 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 87% retracement level of the April-September-rally crossing at 23,812.03 is the next downside target. Closes above the 10-day moving average crossing at 25,591.94 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 25,591.94. Second resistance is the 50-day moving average crossing at 25,803.29. First support is Thursday's low crossing at 24,787.79. Second support is October's low crossing at 24,899.77.

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December T-bonds closed up 27/32's at 139-20.

December T-bonds closed higher on Friday as it extends the rally off November'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 remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off November's low, the 50% retracement level of the August-October-decline crossing at 140-28 is the next upside target. Closes below the 10-day moving average crossing at 138-03 would confirm that a short-term top has been posted. First resistance is the 38% retracement level of the August-October-decline crossing at 139-27. Second resistance is the 50% retracement level of the August-October-decline crossing at 140-28. First support is November's low crossing at 136-24. Second support is October's low crossing at 136-16.         

December T-notes closed up 120-points at 119-060.

December T-notes closed higher on Friday as it extended the rally off November'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 remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off November's low, the 62% retracement level of the August-October-decline crossing at 119.130 is the next upside target. Closes below the 10-day moving average crossing at 118.108 would confirm that a short-term top has been posted. First resistance is the 62% retracement level of the August-October-decline crossing at 119.130. Second resistance is the 75% retracement level of the August-October-decline crossing at 119.266. First support is the 10-day moving average crossing at 118.108. Second support is November's low crossing at 117.225.        

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December crude oil closed higher on Friday as it consolidates some of the decline off October's high. The mid-range close sets the stage for a steady opening when Monday'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 December extends the decline off October's high, the 75% retracement level of the 2017-2018-rally crossing at 53.25 is the next downside target. Closes above the 20-day moving average crossing at 62.56 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 59.03. Second resistance is the 20-day moving average crossing at 62.56.First support is Tuesday's low crossing at 54.75. Second support is the 75% retracement level of the 2017-2018-rally crossing at 53.25. 

December heating oil closed higher on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's night trading session begins. 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 October's high, the 50% retracement level of the 2017-2018-rally crossing at 196.81 is the next downside target. Closes above the 20-day moving average crossing at 219.67 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 213.84. Second resistance is the 20-day moving average crossing at 219.67. First support is Wednesday's low crossing at 205.03. Second support is the 50% retracement level of the 2017-2018-rally crossing at 196.91.

December unleaded gas closed higher on Friday as it consolidates some of the decline off October's high. The mid-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 75% retracement level of the 2017-2018-rally crossing at 150.82 is the next downside target. Closes above the 20-day moving average crossing at 170.19 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 161.10. Second resistance is the 20-day moving average crossing at 170.19. First support is Tuesday's low crossing at 152.40. Second support is the 75% retracement level of the 2017-2018-rally crossing at 150.82.

December Henry natural gas closed higher on Friday as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 3.564 would confirm that a short-term top has been posted. If December extends the decline off October's high, the 25% retracement level of the 2008-2016-decline crossing at 5.204 is the next upside target. First resistance is Wednesday's high crossing at 4.929. Second resistance is the 25% retracement level of the 2008-2016-decline crossing at 5.204. First support is the 10-day moving average crossing at 3.884. Second support is the 20-day moving average crossing at 3.564.     

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The December Dollar closed lower on Friday and below the 20-day moving average crossing at 95.44 confirming that a short-term top has been posted while opening the door for additional weakness near-term. The low-range close sets the stage for a steady to lower opening when Monday'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 50-day moving average crossing at 95.40 is the next downside target. If December renews the rally off September's low, weekly resistance crossing at 97.83 is the next upside target. First resistance is Monday's high crossing at 97.53. Second resistance isweekly resistance crossing at 97.83. First support is the 50-day moving average crossing at 95.40. Second support is October's low crossing at 94.47.     

The December Euro closed higher on Friday and above the 20-day moving average crossing at 114.10 tempering the near-term bearish outlook. 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 December extends today's rally, the 50-day moving average crossing at 115.68 is the next upside target. If December renews the decline off September's high, the 87% retracement level of the 2016-2018-rally crossing at 113.54 is the next downside target. First resistance is the reaction high crossing at 115.46. Second resistance is the 50-day moving average crossing at 115.68. First support is Monday's low crossing at 112.46. Second support is the 87% retracement level of the 2016-2018-rally crossing at 111.16.    

The December British Pound closed higher on Friday as it consolidated some of Thursday's decline. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the Thursday's decline, October's low crossing at 1.2722 is the next downside target. Closes above Wednesday's high crossing at 1.3092 would confirm that a short-term low has been posted. First resistance is Wednesday's high crossing at 1.3092. Second resistance is November's high crossing at 1.3198. First support is October's low crossing at 1.2722. Second support is the 87% retracement level of the 2017-2018-rally crossing at 1.2632. 

The December Swiss Franc closed higher on Friday and above the 20-day moving average crossing at 1.0027 confirming 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends today's rally, the 50-day moving average crossing at 1.0173 is the next upside target.If December resumes the decline off September's high, weekly support crossing at 0.9833 is the next downside target. First resistance is the reaction high crossing at 1.0082. Second resistance is the 50-day moving average crossing at 1.0173. First support is November's low crossing at 0.9902. Second support is weekly support crossing at 0.9833. 

The December Canadian Dollar closed higher on Friday. The mid-range close sets the stage for a steady to lower 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. Closes above the 50-day moving average crossing at 76.75 would confirm that a short-term low has been posted. If December resumes the decline off October's high, September's low crossing at 75.75 is the next downside target. First resistance is the reaction high crossing at 77.18. Second resistance is the reaction high crossing at 77.51. First support is Wednesday's low crossing at 75.43. Second support is June's low crossing at 75.00. 

The December Japanese Yen closed higher on Friday as it consolidated some of the decline off October's high. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. The high-range close sets the stage for a steady to higher opening when Monday’s night session begins trading. Closes above the 50-day moving average crossing at 0.0891 would confirm that a short-term low has been posted. If December resumes the decline off October's high, October's low crossing at 0.0877 is the next downside target. First resistance is October's high crossing at 0.0901. Second resistance is September's high crossing at 0.0912. First support is November's low crossing at 0.0877. Second support is the 87% retracement level of the 2015-2016 rally crossing at 0.0876.

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December gold 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 are neutral to bullish signaling that sideways to higher are possible near-term. If December renews the rally off October's low, the 38% retracement level of the April-August-Decline crossing at 1251.30 is the next upside target. Closes below Tuesday's low crossing at 1196.60 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is October's high crossing at 1246.00. Second resistance is the 38% retracement level of the April-August-Decline crossing at 1251.30. First support is Tuesday's low crossing at 1196.60. Second support is October's low crossing at 1186.00.

December silver closed higher on Friday while extending October's trading range. The high-range close set 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. Closes above the reaction high crossing at 14.950 would confirm an upside breakout of October's trading range while opening the door for additional gains near-term. Closes below Wednesday's low crossing at 13.860 would confirm a downside breakout of the aforementioned trading range. First resistance is the reaction high crossing at 14.950. Second resistance is the reaction high crossing at 15.070. First support is Wednesday's low crossing at 13.860. Second support is the December-2015 low crossing at 13.620.        

December copper 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 are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, the 38% retracement level of the June-August-decline crossing at 287.20 is the next upside target. Closes below Tuesday's low crossing at 266.25 are needed to confirm that a short-term top has been posted. First resistance is the 38% retracement level of the June-August-decline crossing at 287.20. Second resistance is the July-5^th gap crossing at 293.10. First support is November's low crossing at 264.25. Second support is September's low crossing at 258.00.

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December Corn closed down 2 3/4-cents at 3.64 3/4. 

December corn closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night sessions begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 3.60 1/2 would confirm that a short-term top has been posted. If December resumes the rally off September's low, the 50% retracement level of the May-September-decline crossing at 3.85 3/4 is the next upside target. First resistance is October's high crossing at 3.78 1/2. Second resistance is the 50% retracement level of the May-September-decline crossing at 3.85 3/4. First support is the reaction low crossing at 3.60 1/4. Second support is reaction low crossing at 3.54 1/2.

December wheat closed up 1 1/4-cents at 5.06 3/4. 

December wheat 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 are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off Tuesday's high, October's low crossing at 4.85 1/2 is the next downside target. If December extends the rally off October's low, October's high crossing at 5.27 is the next upside target. First resistance is October's high crossing at 5.27. Second resistance is the reaction high crossing at 5.49 1/2. First support is October's low crossing at 4.85 1/2. Second support is January's low crossing at 4.73 3/4.   

December Kansas City Wheat closed up 2 3/4-cents at 4.82 3/4. 

December Kansas City wheat closed higher on Friday. The high-range close sets the stage for a steady to higher opening on Monday. 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 October's high, the December-2017 low crossing at 4.78 1/4 is the next downside target. Closes above the 50-day moving average crossing at 5.10 is the next upside target. First resistance is the 50-day moving average crossing at 5.10. Second resistance is October's high crossing at 5.33 1/4. First support is Thursday's low crossing at 4.78 3/4. Second support is the December-2017 low crossing at 4.78 1/4. 

December Minneapolis wheat closed down 3 1/2-cents at 5.71 1/4. 

December Minneapolis wheat closed 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 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 5.60 1/4 is the next downside target. Closes above the reaction high crossing at 5.90 would confirm that a short-term low has been posted while opening the door for a possible test of October's high crossing at 6.02 1/4. First resistance is the reaction high crossing at 5.90. Second resistance is October's high crossing at 6.02 1/4. First support is October's low crossing at 5.65 3/4. Second support is September's low crossing at 5.60 1/4.   

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January soybeans closed up 3 3/4-cents at 8.92 1/2.

January soybeans 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 are neutral to bullish signaling that sideways to higher prices are possible near-term. If January resumes the rally off September's low, the 38% retracement level of the May-September-decline crossing at 9.15 3/4 is the next upside target. Closes below the 50-day moving average crossing at 8.69 3/4 would confirm that a short-term top has been posted. First resistance is the 38% retracement level of the May-September-decline crossing at 915 3/4. Second resistance is the 50% retracement level of the May-September-decline crossing at 9.44. First support is the 50-day moving average crossing at 8.69 3/4. Second support is October's low crossing at 8.44 1/2.  

December soybean meal closed up $5.10 at 310.50. 

December soybean meal 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 turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 311.80 would confirm that a short-term low has been posted. First resistance is October's high crossing at 327.30. Second resistance is the 38% retracement level of the May-September-decline crossing at 336.20. First support is October's low crossing at 302.00. Second support is September's low crossing at 301.60. 

December soybean oil closed down 24 pts. at 27.45. 

December soybean oil closed 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above the 20-day moving average crossing at 28.07 would confirm that a short-term low has been posted. If December extends the decline off October's high, September's low crossing at 27.13 is the next downside target. First resistance is the 20-day moving average crossing at 28.07. Second resistance is October's high crossing at 30.01. First support is today's low crossing at 27.29. Second support is September's low crossing at 27.13.  

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December hogs closed up $3.00 at $60.08. 

December hogs closed limit up on Friday as it extended the rally off November'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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off October's low, June's high crossing at 60.75 is the next upside target. Closes below the 10-day moving average crossing at 56.62 would temper the near-term friendly outlook. First resistance is October's high crossing at 60.20. Second resistance is June's high crossing at 60.75. First support is November's low crossing at 54.00. Second support is October's low crossing at 51.27.   

December cattle closed up $0.20 at 115.35. 

December cattle 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 are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 117.26 would confirm that a short-term low has been posted. If December resumes the decline off October's high, the 50% retracement level of the April-October-rally crossing at 113.34 is the next downside target. First resistance is the reaction high crossing at 118.80. Second resistance is October's high crossing at 119.75. First support is the 38% retracement level of the April-October-rally crossing at 114.85. Second support is the 50% retracement level of the April-October-rally crossing at 113.34.   

November Feeder cattle closed down $0.80 at $147.83. 

November Feeder cattle closed 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 oversold but remains neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off October's high, the  62% retracement level of the May-August-rally crossing at 146.54 is the next downside target. Closes above the 20-day moving average crossing at 152.03 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 152.03. Second resistance is the reaction high crossing at 157.05. First support is Wednesday's low crossing at 147.83. Second support is the 62% retracement level of the May-August-rally crossing at 146.54.    

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

December coffee closed higher on Friday. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes below Tuesday's low crossing at 10.75 would open the door for additional weakness near-term. Closes above the 20-day moving average crossing at 11.54 would confirm that a short-term low has been posted.           

December cocoa closed higher on Friday. The mid-range close sets the stage for a steady to higher opening on Monday. 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, the reaction low crossing at 21.13 is the next downside target. Closes above the 10-day moving average crossing at 22.51 would confirm that a short-term low has been posted.    

March sugar closed slightly higher on Friday. The mid-range close set the stage for a steady opening on Monday. 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 October's high, the reaction low crossing at 11.91 is the next downside target. Closes above the 20-day moving average crossing at 13.22 would confirm that a short-term low has been posted. 

December cotton closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December resumes decline off October's high, October's low crossing at 75.37 is the next downside target. Closes above the 50-day moving average crossing at 78.24 would confirm that a short-term low has been posted.