KEY EVENTS TO WATCH FOR:

Tuesday, March 19, 2019  

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

                       Chain Store Sales, W/W% (previous +1.2%)

                       Chain Store Sales, M/M% (previous +3.0%)

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, M/M% (previous -0.3%)

                       Ret Sales Mo-to-Date, Y/Y% (previous +4.4%)

                       Latest Wk, Y/Y% (previous +4.4%)

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

                       Total Orders, M/M% (previous +0.1%)

                       Orders, Ex-Defense, M/M% (previous +0.4%)

                       Orders, Ex-Transport, M/M% (previous -0.6%)

                       Durable Goods, M/M% (previous +1.2%)

                       Durable Goods, M/M% (previous +0.7%)

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous -2.5M)

                       Gasoline Stocks, Net Chg (Bbls) (previous -5.8M)

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

  N/A              U.S. Federal Open Market Committee meeting

Wednesday, March 20, 2019  

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 384.0)

                       Composite Idx, W/W% (previous +2.3%)

                       Purchase Idx-SA (previous 250.8)

                       Purchase Idx-SA, W/W% (previous +4.3%)

                       Refinance Idx (previous 1108.3)

                       Refinance Idx, W/W% (previous -0.2%)

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 449.072M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous -3.862M)

                       Gasoline Stocks (Bbl) (previous 246.09M)

                       Gasoline Stocks, Net Chg (Bbl) (previous -4.624M)

                       Distillate Stocks (Bbl) (previous 136.369M)

                       Distillate Stocks, Net Chg (Bbl) (previous +0.383M)

                       Refinery Usage (previous 87.6%)

                       Total Prod Supplied (Bbl/day) (previous 20.808M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous +0.318M)

2:00 PM ET. U.S. interest rate decision

                       Federal Funds Rate

                       Federal Funds Rate Change (Pts)

                       Fed Funds Rate-Range High (previous 2.50)

                       Fed Funds Rate-Range Low (previous 2.25)

                       FOMC Vote For Action (previous 10)

                       FOMC Vote Against Action (previous 0)

                       Discount Rate (previous 3.00)

                       Discount Rate Change (Pts) (previous +0.00)

                       Discount Rate-Range High

                       Discount Rate-Range Low

2:00 PM ET. Federal Reserve economic projections

                       Median Fed Funds Rate - 2018 (previous 2.4%)

                       Median Fed Funds Rate - 2019 (previous 2.9%)

                       Median Fed Funds Rate - 2020 (previous 3.1%)

                       Median Fed Funds Rate - 2021 (previous 3.1%)

Thursday, March 21, 2019 

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

                       Corn (Metric Tons) (previous 846.6K)

                       Soybeans (Metric Tons) (previous 1914.9K)

                       Wheat (Metric Tons) (previous 346K)

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

                       Jobless Claims (previous 229K)

                       Jobless Claims, Net Chg (previous +6K)

                       Continuing Claims (previous 1776000)

                       Continuing Claims, Net Chg (previous +18K)

8:30 AM ET. March Philadelphia Fed Business Outlook Survey

                       Business Activity (previous -4.1)

                       Prices Paid (previous 21.8)

                       Employment (previous 14.5)

                       New Orders (previous -2.4)

                       Prices Received (previous 27.7)

                       Delivery Times (previous 13.6)

                       Inventories (previous 3.3)

                       Shipments (previous -5.3)

9:45 AM ET. Bloomberg Consumer Comfort Index

10:00 AM ET. 4^th Quarter Quarterly Services * Release delayed from 7 March due to the

                        partial shutdown of the U.S. federal government which ended 25 January

10:00 AM ET. February Leading Indicators

                       Leading Index, M/M% (previous -0.1%)

                       Leading Index

                       Coincident Index, M/M% (previous +0.1%)

                       Lagging Index, M/M% (previous +0.5%)

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

                       Working Gas In Storage (Cbf) (previous 1186B)

                       Working Gas In Storage, Net Chg (Cbf) (previous -204B)

4:30 PM ET. Money Stock Measures

4:30 PM ET. Federal Discount Window Borrowings

4:30 PM ET. Foreign Central Bank Holdings

Friday, March 22, 2019 

8:30 AM ET. New York Fed Research Conference on Fin-Tech

9:45 AM ET. March US Flash Services PMI

                       PMI, Services (previous 56.2)

9:45 AM ET. March US Flash Manufacturing PMI

                       PMI, Mfg (previous 53.7)

10:00 AM ET. February Regional & State Employment & Unemployment

10:00 AM ET. January Monthly Wholesale Trade

                       Inventories, M/M% (previous +1.1%)

10:00 AM ET. February Existing Home Sales

                       Existing Sales (previous 4.94M)

                       Existing Sales, M/M% (previous -1.2%)

                       Unsold Homes Month's Supply  (previous 3.9)

                       Median Price (USD) (previous 247500)

                       Median Home Price, Y/Y% (previous +2.8%)

2:00 PM ET. February Monthly Treasury Statement of Receipts & Outlays of the U.S.

                      Govt * Release delayed from 12 Mar due to the partial

                      shutdown of the U.S. federal government which ended 25 January

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

The June NASDAQ 100 closes higher on Monday as it extends the rally off March's low. The high-range close sets the stage for a steady to higher opening when Tuesday'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 June extends the rally off December's low, the 87% retracement level of the September-December-decline crossing at 7524.41 is the next upside target. Closes below the 20-day moving average crossing at 7173.62 would confirm that a short-term top has been posted. First resistance is today's high crossing at 7379.50. Second resistance is the 87% retracement level of the October-December-decline crossing at 7524.41. First support is the 20-day moving average crossing at 7173.62. Second support is the 50-day moving average crossing at 6952.65.  

The June S&P 500 closed higher on Monday as it extended the rally off December's low. The high-range close sets the stage for a steady to higher opening when Tuesday'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 June extends the rally off December's low, the 87% retracement level of the September-December-decline crossing at 2879.73 is the next upside target. Closes below the 20-day moving average crossing at 2795.94 would confirm that a short-term top has been posted. First resistance is today's high crossing at 2840.50. Second resistance is the 87% retracement level of the September-December-decline crossing at 2879.73. First support is the 20-day moving low crossing at 2795.94. Second support is the 50-day moving average crossing at 2717.17.  

The Dow closed higher on Monday as it extends the rally off March's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends the rally off March's low, February's high crossing at 26,241.42 is the next upside target. If the Dow renews the decline off February's high, the 50-day moving average crossing at 25,128.34 would confirm that a short-term top has been posted. First resistance is the 87% retracement level of the October-December-decline crossing at 26,282.97. Second resistance is the October 2018 high crossing at 26,951.81. First support is the 10-day moving average crossing at 25,678.49. Second support is the 50-day moving average crossing at 25,820.51.

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

June T-bonds closed down 5/32's at 146-01.

June T-bonds posted an inside day with a lower close on Monday as it extends the trading range of the past two-weeks. The high-range close sets the stage for a steady to higher opening when Tuesday'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 June extends the rally off March's low, January's high crossing at 147-31 is the next upside target. Closes below the 50-day moving average crossing at 145-09 would temper the near-term friendly outlook. First resistance is February's high crossing at 146-17. Second resistance is January's high crossing at 147-31. First support is the 38% retracement level of the November-January-rally crossing at 143-10. Second support is the 50% retracement level of the November-January-rally crossing at 141-27.         

June T-notes closed down 45-pts. at 122.265.

June T-notes posted an inside day with a lower close on Monday as they consolidated some of the rally off March's low. The low-range close sets the stage for a steady to lower opening when Tuesday'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 June extends the aforementioned rally. January's high crossing at 123.175 is the next upside target. Closes below the 50-day moving average crossing at 122.074 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 123.035. Second resistance is January's high crossing at 123.175. First support is the 50-day moving average crossing at 122.074. Second support is March's low crossing at 121.155.        

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

April crude oil closed higher on Monday as it extends the rally off December's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off December's low, the 50% retracement level of the October-December-decline crossing at 59.51 is the next upside target. Closes below the 50-day moving average crossing at 54.69 are needed to confirm that a short-term top has been posted. First resistance is the 50% retracement level of the October-December-decline crossing at 59.51. Second resistance is the 62% retracement level of the October-December-decline crossing at 63.44. First support is the 50-day moving average crossing at 54.69. Second support is the reaction low crossing at 51.62.  

April heating oil closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's night trading session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 194.52 are needed to confirm that a short-term top has been posted. If April resumes the rally off December's low, the 62% retracement level of the October-December-decline crossing at 212.17 is the next upside target. First resistance is the 50% retracement level of the October-December-decline crossing at 202.41. Second resistance is the 62% retracement level of the October-December-decline crossing at 212.17. First support is the reaction low crossing at 194.52. Second support is the 50-day moving average crossing at 192.76. 

April unleaded gas closed higher on Monday as it extends the rally off December's low. The high-range close sets the stage for a steady to higher opening when Tuesday'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 April extends the rally off December's low, the 62% retracement level of the October-December-decline crossing at 199.62 is the next upside target. Closes below the 20-day moving average crossing at 178.45 are needed to confirm that a short-term top has been posted. First resistance is the 50% retracement level of the October-December-decline crossing at 188.70. Second resistance is the 62% retracement level of the October-December-decline crossing at 199.62. First support is the 20-day moving average crossing at 178.45. Second support is the 50-day moving average crossing at 168.40.

April Henry natural gas closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday'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 April renews the rally off February's low, the 75% retracement level of the November-February decline crossing at 2.938 is the next upside target. Closes below last-Tuesday's crossing at 2.752 would confirm that a short-term top has been posted. First resistance is last-Monday's gap crossing at 2.856. Second resistance is the 75% retracement level of the November-February decline crossing at 2.938. First support is last-Tuesday's low crossing at 2.752. Second support is the reaction low crossing at 2.732.       

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

The June Dollar closed lower on Monday.The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off March's high, the 50-day moving average crossing at 95.64 is the next downside target. If June renews the rally off February's low, weekly resistance crossing at 97.83 is the next upside target. First resistance is March's high crossing at 97.16. Second resistance is weekly resistance crossing at 97.83. First support is the 50-day moving average crossing at 95.64. Second support is the late-February low crossing at 95.24.    

The June Euro closed higher on Monday as it extends the rally off March's low. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 20-day moving average crossing at 114.20 are needed to confirm that a short-term low has been posted. If June renews the decline off January's high, the January-2017 low crossing at 110.16 is the next downside target.First resistance is the 50-day moving average crossing at 114.89. Second resistance is the reaction high crossing at 115.22. First support is the 87% retracement level of the 2016-2018 rally crossing at 112.62. Second support is the January 2017 low crossing at 110.16.      

The June British Pound closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off January's low, the 50% retracement level of the April-December-2018 decline crossing at 1.3603 is the next upside target. Closes below the 50-day moving average crossing at 1.3109 would confirm that a short-term top has been posted. First resistance is last-Wednesday's high crossing at 1.3441. Second resistance is the 50% retracement level of the April-December-2018 decline crossing at 1.3603. First support is the 50-day moving average crossing at 1.3109. Second support is February's low crossing at 1.2854.   

The June Swiss Franc closed higher on Monday and above the 20-day moving average crossing at 1.0069 confirming that a short-term low has been posted. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 50-day moving average crossing at 1.0145 is the next upside target. If June resumes this winter's decline, weekly support crossing at 0.9902 is the next downside target. First resistance is the 50-day moving average crossing at 1.0145. Second resistance is the last-February high crossing at 1.0170. First support is March's low crossing at 0.9970. Second support is weekly support crossing at 0.9902.

The June Canadian Dollar closed higher on Monday. The mid-range close sets the stage for a steady to higher opening when Tuesday'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 75.60 are needed to temper the near-term bearish outlook. If June renews the decline off February's high, December's low crossing at 74.47 is the next downside target. First resistance is the 50-day moving average crossing at 75.60. Second resistance is the reaction high crossing at 76.46. First support is March's low crossing at 74.43. Second support is December's low crossing at 73.47.  

The June Japanese Yen closed slightly higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday’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 June resumes the decline off January's high, November's low crossing at 0.0893 is the next downside target. Closes above the reaction high crossing at 0.0911 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 0.0915. Second resistance is the reaction high crossing at 0.0922. First support is the 87% retracement level of the November-January-rally crossing at 0.0900. Second support is November's low crossing at 0.0893.  

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

April gold closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday'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 1309.40 are needed to confirm that a short-term low has been posted. If April renews the aforementioned decline, the 50% retracement level of the August-February-rally crossing at 1273.20 is the next downside target. First resistance is the 20-day moving average crossing at 1309.40. Second resistance is February's high crossing at 1349.80.First support is January's low crossing at 1281.50. Second support is the 50% retracement level of the August-February-rally crossing at 1273.20.

May silver closed higher on Monday. The mid-range close set the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May renews the decline off February's high, the 62% retracement level of the November-February-rally crossing at 14.935 is the next downside target. Closes above the 20-day moving average crossing at 15.518 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 15.518. Second resistance is the 50-day moving average crossing at 15.677. First support is the 62% retracement level of the November-February-rally crossing at 14.935. Second support is the 75% retracement level of the November-February-rally crossing at 14.644.          

May copper closed slightly higher on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 reaction low crossing at 287.45 are needed to confirm that a short-term top has been posted. If March renews the rally, the 62% retracement level of the April-December-2018 decline crossing at 306.69 is the next upside target. First resistance the 50% retracement level of the April-December-2018 decline crossing at 296.76. Second resistance is the 62% retracement level of the April-December-2018 decline crossing at 306.69. First support is the reaction low crossing at 287.45. Second support is the 50-day moving average crossing at 280.67. 

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

May Corn closed down 1 1/2-cents at 3.71 3/4. 

May corn closed lower on Monday as it failed to close above resistance marked by the 20-day moving average crossing at 3.72 3/4. Today's low-range close sets the stage for a steady to lower opening when Tuesday's night sessions 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 3.73 3/4 are needed to confirm that a short-term low has been posted. If May renews the decline off November's high, weekly support crossing at 3.55 1/4 is the next downside target. First resistance is the 20-day moving average crossing at 3.73 3/4. Second resistance is the 50-day moving average crossing at 3.81. First support is last-Tuesday's low crossing at 3.61. Second support is weekly support crossing at 3.55 1/4.  

May wheat closed down 5-cents at 4.57 1/4. 

May wheat closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 4.61 are needed to confirm that a short-term low has been posted. If May resumes this winter's decline, weekly support crossing at 4.19 1/4 is the next downside target. First resistance is the 20-day moving average crossing at 4.61. Second resistance is the 50-day moving average crossing at 4.98. First support is last-Monday's low crossing at 4.27. Second support is weekly support crossing at 4.19 1/4.     

May Kansas City Wheat closed down 6 1/2-cents at 4.36 1/2.

May Kansas City wheat closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday night session begins trading. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 4.44 1/2 are needed to confirm that a short-term low has been posted. If May renews the decline off December's high, weekly support crossing at 4.17 3/4 is the next downside target. First resistance is the 20-day moving average crossing at 4.44 1/2. Second resistance is the 50-day moving average crossing at 4.84 1/4. First support is last-Tuesday's low crossing at 4.18 1/4. Second support is weekly support crossing at 4.17 3/4.  

May Minneapolis wheat closed up 6-cents at 5.60 3/4. 

May Minneapolis wheat closed higher on Monday while extending the trading range of the past four-weeks. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish hinting that a short-term low might be in or is near. Closes above the 50-day moving average crossing at 5.66 are needed to confirm that a low has been posted. If May renews the decline off January's high, weekly support crossing at 5.23 3/4 is the next downside target. First resistance is January's high crossing at 5.83 3/4. Second resistance is December's high crossing at 5.93 3/4. First support is last-Monday's low crossing at 5.44. Second support is weekly support crossing at 5.23 3/4.    

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

May soybeans closed down 3 3/4-cents at 9.05 1/2.

May soybeans closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 9.09 1/4 are needed to confirm that a short-term low has been posted. If May renews the decline off February's high, the November 26th low crossing at 8.84 3/4 is the next downside target. First resistance is the 20-day moving average crossing at 9.09 1/4. Second resistance is the 50-day moving average crossing at 9.20 1/2. First support is last-Tuesday's low crossing at 8.87 3/4. Second support is the November 26th low crossing at 8.84 3/4.  

May soybean meal closed down $1.10 at 309.70. 

May soybean meal closed lower on Monday as it consolidated some of last-week's rally. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 50-day moving average crossing at 312.60 would signal that the short-term trend change is turning neutral to friendly. If May renews the decline off January's high, psychological support crossing at 300.0 is the next downside target. First resistance is the 50-day moving average crossing at 312.60. Second resistance is the reaction high crossing at 313.00. First support is last-Tuesday's low crossing at 300.30. Second support is psychological support crossing at 300.00.  

May soybean oil closed up 3-pt. at 29.46. 

May soybean oil closed slightly higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday'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 May extends the decline off February's high, the 62% retracement level of the November-February-rally crossing at 29.08 is the next downside target. Closes above the 20-day moving average crossing at 30.05 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 30.05. Second resistance is the reaction high crossing at 30.64. First support is today's low crossing at 29.28. Second support is the 62% retracement level of the November-February-rally crossing at 29.08.   

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

April hogs closed up $2.25 at $71.03. 

April hogs closed sharply higher on Monday and above the 87% retracement level of the November-February-decline crossing at 70.68 as it extends the rally off February's low. The high-range close sets the stage for a steady to higher opening when Tuesday'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 April extends the rally off February's low, November's high crossing at 73.43 is the next upside target. Closes below the 10-day moving average crossing at 62.89 would temper the near-term bullish outlook. First resistance is today's high crossing at 71.18. Second resistance is November's high crossing at 73.43. First support is the 10-day moving average crossing at 62.89. Second support is the 20-day moving average crossing at 59.23. 

April cattle closed down $0.78 at 128.33. 

April cattle closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 March's high crossing at 130.45 are needed to renew the rally off November's low. Closes below March's low crossing at 1265.33 are needed to confirm that a short-term top has been posted. First resistance is March's high crossing at 130.45. Second resistance is weekly resistance crossing at 134.55. First support is the 25% retracement level of the 2018-2019-rally crossing at 125.41. Second support the 38% retracement level of the 2018-2019-rally crossing at 122.76. 

April Feeder cattle closed down $0.63 at $146.30. 

April Feeder cattle posted an inside day with a lower close on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above trading range resistance crossing at 147.83 would confirm an upside breakout of the aforementioned trading range while opening the door for additional gains near-term. Closes below the reaction low crossing at 143.50 would confirm that a short-term top has been posted. First resistance is December's high crossing at 147.83. Second resistance is November's high crossing at 150.20. First support is January's low crossing at 142.63. Second support is December's low crossing at 141.30.  

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

May coffee closed lower on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 9.84 are needed to confirm that a low has been posted. If May extends this winter's decline, weekly support crossing at 92.45 is the next downside target. 

May cocoa closed slightly lower on Monday. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling sideways to lower prices are possible near-term. If May renews the decline off February's high, December's low crossing at 21.12 is the next downside target. Closes above the 50-day moving average crossing at 22.78 are needed to confirm that a low has been posted.          

May sugar closed higher on Monday and above the 50-day moving average crossing at 12.76 confirming that a low has been posted. The high-range close set 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 May extends the rally off March's low, February's high crossing at 13.42 is the next upside target. May renews the decline off February's high, January's low crossing at 11.82 is the next downside target.    

May cotton closed lower on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off February's low, January's high crossing at 76.14 is the next upside target. If May renews the decline off December's high, the 87% retracement level of the 2016-2018-rally crossing at 68.36 is the next downside target.