KEY EVENTS TO WATCH FOR:

Wednesday, April 11, 2018  

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 388.1)

                       Composite Idx, W/W% (previous -3.3%)

                       Purchase Idx-SA (previous 252.3)

                       Purchase Idx-SA, W/W% (previous -2.1%)

                       Refinance Idx (previous 1130.1)

                       Refinance Idx, W/W% (previous -4.9%)

8:30 AM ET. March Real Earnings

8:30 AM ET. March CPI

                       CPI, M/M% (expected +0.1%; previous +0.2%)

                       Core CPI, M/M% (expected +0.2%; previous +0.2%)

                       Energy Idx, M/M% (previous +0.1%)

                       Food Idx, M/M% (previous +0.0%)

                       Real Avg Wkly Pay-Infla Adj, M/M% (previous +0.3%)

                       CPI, Y/Y% (expected +2.4%; previous +2.2%)

                       Core Annual, Y/Y% (expected +2.1%; previous +1.8%)

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 425.332M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous -4.617M)

                       Gasoline Stocks (Bbl) (previous 238.477M)

                       Gasoline Stocks, Net Chg (Bbl) (previous -1.116M)

                       Distillate Stocks (Bbl) (previous 129.491M)

                       Distillate Stocks, Net Chg (Bbl) (previous +0.537M)

                       Refinery Usage (previous 93.0%)

                       Total Prod Supplied (Bbl/day) (previous 21.217M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous +0.3M)

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

2:00 PM ET. Federal Open Market Committee meeting minutes and economic forecast

Thursday, April 12, 2018  

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

                       Corn (Metric Tons) (previous 909.3K)

                       Soybeans (Metric Tons) (previous 1491.2K)

                       Wheat (Metric Tons) (previous 309.2K)

8:30 AM ET. March Import & Export Price Indexes

                       Import Prices (expected +0.2%; previous +0.4%)

                       Non-Petroleum Prices (previous +0.5%)

                       Petroleum Prices (previous -0.5%)

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

                       Jobless Claims (expected 230K; previous 242K)

                       Jobless Claims, Net Chg (previous +24K)

                       Continuing Claims (previous 1808000)

                       Continuing Claims, Net Chg (previous -64K)

9:45 AM ET. Bloomberg Consumer Comfort Index

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

                       Working Gas In Storage (Cbf) (previous 1354B)

                       Working Gas In Storage, Net Chg (Cbf) (previous -29B)

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

1:30 PM ET. SEC Closed Meeting

4:30 PM ET. Money Stock Measures

4:30 PM ET. Federal Discount Window Borrowings

4:30 PM ET. Foreign Central Bank Holdings

  N/A               IMF Fiscal Monitor analytical chapter presentation

Friday, April 13, 2018   

10:00 AM ET. April University of Michigan Survey of Consumers – preliminary

                       Mid-Mo Sentiment (expected 100.0; previous 102.0)

                       Mid-Mo Expectations (previous 88.6)

                       Mid-Mo Current Idx (previous 122.8)

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

Monday, April 16, 2018    

8:30 AM ET. March Advance Monthly Sales for Retail & Food Services

                       Overall Sales-SA, M/M% (previous -0.1%)

                       Sales, Ex-Auto, M/M% (previous +0.2%)

                       Sales, Ex-Auto & Gas, M/M% (previous +0.3%)

8:30 AM ET. G24 Committee of the Whole

8:30 AM ET. April Empire State Manufacturing Survey

                       Mfg Idx (previous 22.5)

                       Employment Idx (previous 9.4)

                       New Orders Idx (previous 16.8)

                       Prices Received (previous 22.4)

10:00 AM ET. February Manufacturing & Trade: Inventories & Sales

                       Total Inventories (previous +0.6%)

10:00 AM ET. April NAHB Housing Market Index

                       Housing Mkt Idx (previous 70)

4:00 PM ET. February Treasury International Capital Data

  N/A               Emancipation Day in Washington, DC

  N/A               Patriot's Day in Massachusetts and Maine

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

The STOCK INDEXES:The June NASDAQ 100 was lower overnight as index futures pulling back from a broad rally on Tuesday amid easing trade conflicts, as the market weighed the possibility of a U.S. military strike in Syria. Investors were watching developments in Special Counsel Robert Mueller’s investigation related to Russian involvement in the 2016 presidential election. Also in focus were readings on consumer inflation and the minutes of the Federal Reserve’s March policy meeting due later in the session.Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 6687.01 are needed to confirm that a short-term low has been posted. If June renews the decline off March's high, February's low crossing at 6192.50 is the next downside target. First resistance is the 20-day moving average crossing at 6687.01. Second resistance is the 50-day moving average crossing at 6767.63. First support is last Wednesday's low crossing at 6306.75. Second support is February's low crossing at 6192.50.  

The June S&P 500 was lower overnight as it consolidates some of Tuesday's gains. 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 2660.34 are needed to confirm that a short-term low has been posted. If June resumes the decline off March's high, the 38% retracement level of the 2016-2018-rally crossing at 2533.51 is the next downside target. First resistance is the 20-day moving average crossing at 2660.34. Second resistance is the 50-day moving average crossing at 2699.08. First support is April's low crossing at 2554.00. Second support isthe 38% retracement level of the 2016-2018-rally crossing at 2533.51.   

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

INTEREST RATES: June T-bonds were higher overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June renews the rally off February's low, the 50% retracement level of the December-February-decline crossing at 147-14 is the next upside target. Closes below the 20-day moving average crossing at 145-08 would confirm that a short-term top has been posted. First resistance is last Monday's high crossing at 147-03. Second resistance is the 50% retracement level of the December-February-decline crossing at 147-14. First support is the 20-day moving average crossing at 145-08. Second support is the 50-day moving average crossing at 144-09.

June T-notes were higher overnight. 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 120.211 would confirm that a short-term top has been posted. If June resumes the rally off February's low, the reaction high crossing at 122.020 is the next upside target. First resistance is last Monday's high crossing at 121.120. Second resistance is the reaction high crossing at 122.020. First support is the 20-day moving average crossing at 120.211. Second support is March's low crossing at 119.220.  

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

ENERGY MARKETS: MayNymex crude oil was slightly higher overnight as it extends the rally off last Friday's low.Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the aforementioned rally, March's high crossing at 66.55 is the next upside target. Closes below the 50-day moving average crossing at 62.59 would confirm that a short-term top has been posted. First resistance is March's high crossing at 66.55. Second resistance is the 62% retracement level of the 2014-2016-decline crossing at 70.46. First support is last Friday's low crossing at 61.81. Second support is March's low crossing at 59.91.  

May heating oil was higher overnight as it extends the rally off last Friday's low. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off March's low, January's high crossing at 208.95 is the next upside target. Closes below the 50-day moving average crossing at 195.00 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 207.28. Second resistance is January's high crossing at 208.95. First support is the 50-day moving average crossing at 195.00. Second support is March's low crossing at 184.42. 

May unleaded gas was steady to slightly higher overnight. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If May resumes the rally off March's low, the reaction high crossing at 208.89 is the next upside target. Closes below last Wednesday's low crossing at 193.63 would confirm that a short-term top has been posted. First resistance is March's high crossing at 205.45. Second resistance is the reaction high crossing at 208.89. First support is last Wednesday's low crossing at 193.63. Second support is the 62% retracement level of the February-March-rally crossing at 192.70. 

May Henry natural gas was lower overnight and is poised to breakout to the downside of a symmetrical triangle, which has formed off March's low.Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends Tuesday's decline, March's low crossing at 2.610 is the next downside target. Closes above the reaction high crossing at 2.764 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 2.764. Second resistance is March's high crossing at 2.831. First support is March's low crossing at 2.610. Second support is February's low crossing at 2.600.  

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

CURRENCIES:The June Dollar was slightly lower overnight as it extends the decline off April's high. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. If June extends the aforementioned decline, March's low crossing at 88.53 is the next downside target. Closes above the 10-day moving average crossing at 89.68 would temper the near-term bearish outlook. First resistance is the 38% retracement level of the November-February-decline crossing at 90.35. Second resistance is the 50% retracement level of the November-February-decline crossing at 91.13. First support is March's low crossing at 88.53. Second support is February's low crossing at 87.93.

The June Euro was slightly higher overnight as it extends the rally off last week's low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off last week's low March's high crossing 125.53 is the next upside target. If June renews the decline off March's high, March's low crossing at 122.54 is the next downside target. First resistance is March's high crossing at 125.53. Second resistance is February's high crossing at 126.58. First support is March's low crossing at 122.54. Second support is the 50% retracement level of the November-February-decline crossing at 121.97. 

The June British Pound was steady to slightly higher overnight as it extends the rally off last Thursday's low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off last Thursday's low, March's high crossing at 1.4294 is the next upside target. Closes below the 50-day moving average crossing at 1.4056 would confirm that a short-term top has been posted. First resistance is March's high crossing at 1.4294. Second high is January's high crossing at 1.4404. First support is last Thursday's low crossing at 1.4007. Second support is the 38% retracement level of the December-February-decline crossing at 1.3926.  

The June Swiss Franc were steady to slightly lower overnight. Stochastics and the RSI have turned neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 1.0556 are needed to confirm that a short-term low has been posted. If June resumes the decline off February's high, the 75% retracement level of the November-February-rally crossing at 1.0344 is the next downside target. First resistance is the 20-day moving average crossing at 1.0556. Second resistance is the 50-day moving average crossing at 1.0686. First support is last Friday's low crossing at 1.0422. Second support is the 75% retracement level of the November-February-rally crossing at 1.0344.

The June Canadian Dollar was steady to slightly lower overnight as it consolidates some of the rally off March's low. 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, the reaction high crossing at 80.45 is the next upside target. Closes below the 20-day moving average crossing at 77.80 would confirm that a short-term top has been posted.First resistance is the reaction high crossing at 79.41. Second resistance is the reaction high crossing at 80.45. First support is Tuesday's high crossing at 79.54. Second support is the 20-day moving average crossing at 77.67.  

The June Japanese Yen was higher overnight as it extends the trading range of the past four-days. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off March's high, the 38% retracement level of the November-March-rally crossing at 0.9327 is the next downside target. Closes above the 20-day moving average crossing at 0.9459 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.9459. Second resistance is March's high crossing at 0.9615. First support is the 38% retracement level of the November-March-rally crossing at 0.9327. Second support is the 50% retracement level of the November-March-rally crossing at 0.9237.  

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

PRECIOUS METALS: June gold was higher overnight as it extends the rally off last Friday's low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally, March's high crossing at 1362.60 is the next upside target. If June resumes the decline off March's high, the 50% retracement level of the December-January-rally crossing at 1311.50 is the next downside target. First resistance is March's high crossing at 1362.60. Second resistance is February's high crossing at 1369.60. First support is the 50% retracement level of the December-January-rally crossing at 1311.50. Second support is the 62% retracement level of the December-January-rally crossing at 1296.30.

May silver was steady to slightly higher overnight as it extends the rally off last Thursday's low. 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 16.810 are needed to confirm that a short-term low has been posted. If May renews the decline off March's high, March's low crossing at 16.100 is the next downside target. First resistance is the reaction high crossing at 16.810. Second resistance is March's high crossing at 16.895. First support is March's low crossing at 16.100. Second support is December's low crossing at 15.705. 

May copper was steady to slightly lower overnight as it consolidates some of the rally off March's low. The high-range trade sets the stage for a steady to higher opening when the day 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 May extends the aforementioned rally, the reaction high crossing at 319.20 is the next upside target. Closes below the 20-day moving average crossing at 305.82 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 319.20. Second resistance is February's high crossing at 329.05. First support is the 20-day moving average crossing at 305.82. Second support is April's low crossing at 297.00. Second support is the 38% retracement level of the 2016-2018-rally crossing at 281.96 is the next downside target.  

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

May corn was steady to fractionally higher overnight. The mid-range trade overnight sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are becoming overbought but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May resumes the rally off March's low, March's high crossing at 3.95 1/4 is the next upside target. Closes below the 50-day moving average crossing at 3.79 3/4 would confirm that a short-term top has been posted. First resistance is March's high crossing at 3.95 1/4. Second resistance is the 62% retracement level of the July-January-decline crossing at 4.01 is the next upside target. First support is the 50-day moving average crossing at 3.79 3/4. Second support is March's low crossing at 3.69 1/4.  

May wheat lower overnight as it consolidates some of the rally off March's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the aforementioned rally, the reaction high crossing at 4.98 is the next upside target. Closes below the 20-day moving average crossing at 4.63 3/4 are needed to confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 4.94. Second resistance is the reaction high crossing at 4.98. First support is Monday's gap crossing at 4.72 3/4. Second support is the 20-day moving average crossing at 4.63 3/4.      

May Kansas City Wheat closed down 1-cent at 5.21 3/4. 

May Kansas City wheat posted an inside day with a lower close on Tuesday as it consolidates some of the rally off March's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the aforementioned rally, the reaction high crossing at 5.33 1/4 is the next upside target. Closes below the 10-day moving average crossing at 4.88 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 5.33 1/4. Second resistance is March's high crossing at 5.48 1/2. First support is Monday's gap crossing at 5.06 3/4. Second support is March's low crossing at 4.56.     

May Minneapolis wheat was steady to fractionally lower overnight as it consolidates some of the rally off April's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends this month's rally, March's high crossing at 6.36 is the next upside target. Closes below the 10-day moving average crossing at 5.97 3/4 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 6.29 3/4. Second resistance is March's high crossing at 6.36. First support is Monday's gap crossing at 6.08 1/4. Second support is the 10-day moving average crossing at 5.97 3/4. 

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

May soybeans were higher overnight as it extends the rally off April's low. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off last Wednesday's low, March's high crossing at 10.82 1/2 is the next upside target. Closes below the 50-day moving average crossing at 10.32 3/4 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 10.64. Second resistance is March's high crossing at 10.82 1/2. First support is the 50-day moving average crossing at 10.32 3/4. Second support is the 75% retracement level of the January-March-rally crossing at 9.87 1/4. 

May soybean meal was higher overnight. 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 overbought but are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below last Wednesday's low crossing at 363.70 would confirm that a short-term top has been posted. If May extends the rally off March's low, March's high crossing at 404.00 is the next upside target. First resistance is Monday's high crossing at 393.30. Second resistance is March's high crossing at 404.00. First support is the 50% retracement level of the January-March-rally crossing at 359.00. Second support is the 62% retracement level of the January-March-rally crossing at 348.30.

May soybean oil 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 turning neutral to bullish hinting that a low might be in or is near. Closes above last Tuesday's high crossing at 32.73 are needed to confirm that a short-term low has been posted. If May resumes the decline off November's high, the January-2016 low crossing at 30.67 is the next downside target. First resistance is last Tuesday's high crossing at 32.73. Second resistance is the reaction high crossing at 32.96. First support is April's low crossing at 31.44. Second support is the January-2016-low crossing at 30.67.

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

June hogs closed down $0.83 at $75.05. 

June hogs closed lower on Tuesday as it consolidates some of the rally off April's low. The low-range close sets the stage for a steady to lower opening when Wednesday's 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 last Wednesdays' low, the 50-day moving average crossing at 78.71 is the next upside target. If June resumes the decline off January's high, weekly support crossing at 69.77 is the next downside target. First resistance is the reaction high crossing at 76.92. Second resistance is the 50-day moving average crossing at 78.71. First support is April's low crossing at 70.25. Second support is weekly support crossing at 69.77.

June cattle closed down $0.40 at 102.10. 

June cattle closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday'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 106.26 are needed to confirm that a short-term low has been posted. If June resumes the decline off February's high, the March 2017 low crossing at 96.40 is the next downside target. First resistance is the 20-day moving average crossing at 106.26. Second resistance is the 50-day moving average crossing at 112.18. First support is the 87% retracement level of 2017's rally crossing at 99.63. Second support is the March 2017 low crossing at 96.40.

May Feeder cattle closed down $0.26 at $135.28. 

May Feeder cattle closed lower on Tuesday 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 Wednesday's 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 137.34 are needed to confirm that a short-term low has been posted. If May resumes this year's decline, weekly support crossing at 126.09 is the next downside target. First resistance is the 20-day moving average crossing at 137.34. Second resistance is the 50-day moving average crossing at 144.23. First support is last Wednesday's low crossing at 130.80. Second support is weekly support crossing at 126.09.   

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

May coffee closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. 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 12.08 are needed to confirm that a low has been posted. If May renews the decline off January's high, weekly support crossing at 11.55 is the next downside target.      

May cocoa closed lower on Tuesday. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off April's high, the 50-day moving average crossing at 23.21 is the next downside target. If May renews the rally off December's low, the 75% retracement level of the 2016-2017-decline crossing at 27.55 is the next upside target.

May sugar closed lower on Tuesday as it renewed this year's decline. The mid-range close set the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are diverging but turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above the 20-day moving average crossing at 12.55 are needed to confirm that a low has been posted. If May extends this year's decline, monthly support crossing at 11.88 is the next downside target. 

May cotton closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are becoming overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off last Wednesday's low, March's high crossing at 86.60 is the next upside target. Closes below the 50-day moving average crossing at 80.92 would temper the near-term friendly outlook.