KEY EVENTS TO WATCH FOR:

Tuesday, November 12, 2019 

6:00 AM ET. October NFIB Index of Small Business Optimism

                       Small Business Idx (expected 100.5; previous 101.8)

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 +1.6%)

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 +4.6%)

                       Latest Wk, Y/Y% (previous +5.5%)

Wednesday, November 13, 2019 

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 518.7)

                       Composite Idx, W/W% (previous -0.1%)

                       Purchase Idx-SA (previous 241.0)

                       Purchase Idx-SA, W/W% (previous -2.5%)

                       Refinance Idx (previous 2102.7)

                       Refinance Idx, W/W% (previous +1.8%)

8:30 AM ET. October Real Earnings

8:30 AM ET. October CPI

                       CPI, M/M% (expected +0.3%; previous +0%)

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

                       Energy Idx, M/M% (previous -1.4%)

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

                       Real Avg Wkly Pay-Infla Adj, M/M% (previous -0.1%)

                       CPI, Y/Y% (expected +1.7%; previous +1.7%)

                       Core Annual, Y/Y% (expected +2.4%; previous +2.4%)

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous +4.3M)

                       Gasoline Stocks, Net Chg (Bbls) (previous -4.2M)

                       Distillate Stocks, Net Chg (Bbls) (previous -1.6M)

Thursday, November 14, 2019  

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

                       Jobless Claims (expected 215K; previous 211K)

                       Jobless Claims, Net Chg (previous -8K)

                       Continuing Claims (previous 1689000)

                       Continuing Claims, Net Chg (previous -3K)

8:30 AM ET. October PPI

                       PPI, M/M% (expected +0.3%; previous -0.3%)

                       Ex-Food & Energy PPI, M/M% (expected +0.2%; previous -0.3%)

                       Personal Consumption (previous -0.3%)

9:45 AM ET. Bloomberg Consumer Comfort Index

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

                       Working Gas In Storage (Cbf) (previous 3729B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +34B)

11:00 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 446.782M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous +7.929M)

                       Gasoline Stocks (Bbl) (previous 217.229M)

                       Gasoline Stocks, Net Chg (Bbl) (previous -2.828M)

                       Distillate Stocks (Bbl) (previous 119.132M)

                       Distillate Stocks, Net Chg (Bbl) (previous -0.622M)

                       Refinery Usage (previous 86.0%)

                       Total Prod Supplied (Bbl/day) (previous 21.134M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous -0.463M)

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

The December NASDAQ 100 closed lower 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 8066.95 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 8282.25. Second resistance is unknown. First support is the 10-day moving average crossing at 8180.85. Second support is the 20-day moving average crossing at 8066.95.   

The December S&P 500 closed lower on Monday as it consolidated some of this year's rally. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, upside targets will be hard to project. Closes below the 20-day moving average crossing at 3035.67 would confirm that a short-term top has been posted. First resistance is last-Thursday's high crossing at 3095.00. Second resistance is unknown. First support is the 10-day moving average crossing at 3067.15. Second support is the 20-day moving average crossing at 3035.67.  

The Dow closed higher on Monday as it extends this year's rally. 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 the Dow extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 27,163.69 are needed to confirm that a short-term top has been posted. First resistance is last-Thursday's high crossing at 27,560.36. Second resistance is unknown. First support is the 10-day moving average crossing at 27,414.84. Second support is the 20-day moving average crossing at 27,163.69.

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

December T-bonds closed up 6/32's at 156-19.

December T-bonds 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 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 62% retracement level of the April-August-rally crossing at 153-06 is the next downside target. Closes above the 20-day moving average crossing at 159-07 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 159-07. Second resistance is the 50-day moving average crossing at 161-00. First support is the 50% retracement level of the April-August-rally crossing at 155-25. Second support is the 62% retracement level of the April-August-rally crossing at 153-06.

December T-notes closed up 5-pts. At 128.130.

December T-notes closed higher 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 turning 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 April-August-rally crossing at 127.171 is the next downside target. Closes above the 20-day moving average crossing at 129.157 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 129.157. Second resistance is the 50-day moving average crossing at 130.029. First support is last-Thursday's low crossing at 127.315. Second support is the 50% retracement level of the April-August-rally crossing at 127.171.     

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

December crude oil closed lower on Monday.The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, the 62% retracement level of the September-October-decline crossing at 58.25 is the next upside target. Closes below the 20-day moving average crossing at 55.44 would open the door for a possible test of the reaction low crossing at 52.46. First resistance is last-Thursday's high crossing at 57.88. Second resistance is the 62% retracement level of the September-October-decline crossing at 58.25. First support is the reaction low crossing at 53.71. Second support is October's low crossing at 50.99. 

December heating oil closed lower on Monday. The mid-range close sets the stage for a steady 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. If December renews the rally off October's low, the September 19th high crossing at 201.38 is the next upside target. Closes below the October 31st low crossing at 185.94 would confirm that a short-term top has been posted. First resistance is October's high crossing at 197.99. Second resistance is the September 19th high crossing at 201.38. First support is the October 31st low crossing at 185.94. Second support is October's low crossing at 182.39. 

December unleaded gas 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 remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 157.83 would confirm that a short-term top has been posted. If December renews the rally off October's low, September's high crossing at 171.96 is the next upside target. First resistance is last-Tuesday's high crossing at 168.43. Second resistance is September's high crossing at 171.96. First support is the 50-day moving average crossing at 157.83. Second support is the reaction low crossing at 154.17.

December Henry natural gas gapped down and closed lower on Monday leaving a five-day island top on the daily chart. 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 2.552 are needed to confirm that a short-term top has been posted. First resistance is last-Tuesday's high crossing at 2.905. If December extends this week's rally, the 75% retracement level of the March-August-decline crossing at 2.960 is the next upside target. First resistance is last Tuesday's high crossing at 2.905. Second resistance is the 75% retracement level of the March-August-decline crossing at 2.960. First support is the 20-day moving average crossing at 2.552. Second support is October's low crossing at 2.388.        

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

The December Dollar 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, the October 8^th high crossing at 98.96. Closes below the 20-day moving average crossing at 98.38 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 98.25. Second resistance is the reaction high crossing at 98.96. First support is the 62% retracement level of the June-September-rally crossing at 96.63. Second support is the 75% retracement level of the June-September-rally crossing at 96.06.

The December Euro 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 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 reaction low crossing at 109.93 is the next downside target.  Closes above the 20-day moving average crossing at 110.54 would confirm that a short-term low has been posted. First resistance is the 50% retracement level of the June-September-decline crossing at 112.48. Second resistance is the 62% retracement level of the June-September-decline crossing at 113.22. First support is the reaction low crossing at 109.93. Second support is October's low crossing at 109.38. 

The December British Pound 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 oversold but are turning neutral to bullish hinting that a low might be in or is near. If December renews the rally off September's low, the 75% retracement level of the February-September decline crossing at 1.3161 is the next upside target. Closes below the 50-day moving average crossing at 1.2602 would confirm that a short-term top has been posted. First resistance is the 62% retracement level of the February-September decline crossing at 1.2958. Second resistance is the 75% retracement level of the February-September decline crossing at 1.3161. First support is the 20-day moving average crossing at 1.2894. Second support is the 50-day moving average crossing at 1.2602.    

The December Swiss Franc 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 hinting that a low might be in or is near. Closes above the 50-day moving average crossing at 1.0136 are needed to confirm that a low has been posted. If December extends the decline off October's high, October's low crossing at 1.0029 is the next downside target.First resistance is October's high crossing at 1.0205. Second resistance is the reaction high crossing at 1.0230. First support is October's low crossing at 1.0029. Second support is May's low crossing at 1.0000.

The December Canadian Dollar close higher 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 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 reaction low crossing at 75.47 is the next downside target. Closes above the 20-day moving average crossing at 76.13 are needed to confirm that a short-term low has been posted.First resistance is last-Tuesday's high crossing at 76.25. Second resistance is October's high crossing at 76.70. First support is the reaction low crossing at 75.47. Second support is October's low crossing at 74.97. 

The December Japanese Yen closed higher on Monday as it consolidated some of the decline off August's high. 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 bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August's high, April's low crossing at 0.0907 is the next downside target. Closes above the reaction high crossing at 0.0929 would confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 0.0930. Second resistance is October's high crossing at 0.0945. First support is last-Thursday's low crossing 0.0915. Second support is April's low crossing at 0.0907.  

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

December gold closed lower on Monday as it extends the decline off November's high. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off September's high, the 50% retracement level of the May-September-rally at 1426.60 is the next downside target. Closes above the 50-day moving average crossing at 1503.10 would confirm that a short-term low has been posted. First resistance the reaction high crossing at 1543.30. Second resistance is September's high crossing at 1559.80. First support is the 38% retracement level of the May-September-rally at 1459.80. Second support is the 50% retracement level of the May-September-rally at 1426.60.

December silver closed slightly higher on Monday as it consolidated some of the decline off October's high. The high-range close set 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 December extends the decline off the September 24^th high, the 62% retracement level of the May-September-rally crossing at 16.547 is the next downside target. Closes above the 50-day moving average crossing at 17.835 would temper the near-term bearish outlook. First resistance is the reaction high crossing at 18.350. Second resistance is the September 24^th high crossing at 18.810. First support is the 62% retracement level of the May-September-rally crossing at 16.547. Second support is the 75% retracement level of the May-September-rally crossing at 15.859.

December copper 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 diverging and have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 262.56 would confirm that a short-term top has been posted. If December resumes the rally off October's low, July's high crossing at 280.50 is the next upside target. First resistance is last-Thursday's high crossing at 273.00. Second resistance is July's high crossing at 280.50. First support is the 20-day moving average crossing at 265.97. Second support is the 50-day moving average crossing at 262.56.  

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

March Corn closed down 4 1/2-cent at 3.82. 

March corn closed lower on Monday on a round of technical selling triggered by fresh concerns over U.S.-China trade negotiations. The low-range close sets the stage for a steady to lower opening when Tuesday's night sessions begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off October's low, the reaction low crossing at 3.80 3/4 is the next downside target. Closes above the 20-day moving average crossing at 3.96 would temper the near-term bearish outlook. First resistance is the 38% retracement level of the June-September-decline crossing at 4.07 3/4. Second resistance is the 50% retracement level of the June-September-decline crossing at 4.20 3/4. First support is the reaction low crossing at 3.80 3/4. Second support is September's low crossing at 3.65 3/4.   

March wheat closed down 3 1/4-cents at 5.11. 

March wheat closed lower on Monday as it extends the decline off October's high.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 March resumes the rally off September's low, the 75% retracement level of the June-September-decline crossing at 5.44 1/4 is the next upside target. If March extends the decline off October's high, the 50-day moving average crossing at 5.03 1/4 is the next downside target. First resistance is the 75% retracement level of the June-September-decline crossing at 5.44 1/4. Second resistance is the 87% retracement level of the June-September-decline crossing at 5.58 1/4. First support is the 50-day moving average crossing at 5.03 1/4. Second support is the reaction low crossing at 4.84 1/4.     

March Kansas City Wheat closed down a 1/2-cent at 4.30.

March Kansas City wheat closed fractionally lower on Monday. The mid-range close sets the stage for a steady opening when Tuesday 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 50-day moving average crossing at 4.25 1/4 would confirm that a short-term top has been posted. If March resumes the rally off September's low, the 50% retracement level of the June-September-decline crossing at 4.70 3/4 is the next upside target. First resistance is the 38% retracement level of the June-September-declinecrossing at 4.53 1/4. Second resistance is the 50% retracement level of the June-September-decline crossing at 4.70 3/4. First support is the 50-day moving average crossing at 4.25 1/4. Second support is October's low crossing at 4.13 1/2.   

March Minneapolis wheat closed down 3 3/4-cents at 5.31 1/4. 

March Minneapolis wheat closed lower on Monday as it extends the decline off October's high. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this decline off October's high, the reaction low crossing at 5.20 1/4 is the next downside target. Closes above the 20-day moving average crossing at 5.47 1/4 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 5.47 1/4. Second resistance is October's high crossing at 5.71 1/4. First support is the reaction low crossing at 5.20 1/4. Second support is September's low crossing at 5.00 1/4.     

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

January soybeans closed down 13 3/4-cents at 9.17 1/4.

January soybeans closed lower on Monday and below the 50-day moving average crossing at 9.21.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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends the decline off October's high, the 50% retracement level of the September-October-rally crossing at 9.12 is the next downside target. Closes above the 20-day moving average crossing at 9.38 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 9.38. Second resistance is October's high crossing at 9.59 1/2. First support is the 50% retracement level of the September-October-rally crossing at 9.12. Second support is the reaction low crossing at 8.95 3/4.    

December soybean meal closed down $4.50 at 300.40. 

December soybean meal 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 304.70 would confirm that a short-term low has been posted. If December extends the decline off October's high, September's low crossing at 294.30 is the next downside target. First resistance is the 50% retracement level of the June-September decline crossing at 314.00. Second resistance is the 62% retracement level of the June-September decline crossing at 319.20. First support is last-Wednesday's low crossing at 298.50. Second support is the September 27^th low crossing at 294.30.    

December soybean oil closed down 9-pts. at 31.41. 

December soybean oil closed lower on Monday as it consolidates some of the rally off September'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 neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 30.98 would temper the near-term friendly outlook. If December renews the rally off the September 27^th low, February's high crossing at 32.06 is the next upside target. First resistance is last-Tuesday's high crossing at 31.96. Second resistance is February's high crossing at 32.06. First support is the 20-day moving average crossing at 30.98. Second support is the 50-day moving average crossing at 30.01.       

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

December hogs closed down $0.83 at $63.30. 

December hogs closed lower on Monday as it extends the August-November trading range. 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. Multiple close above the 50-day moving average crossing at 66.83 would temper the near-term bearish outlook. If December extends the decline off October's high, September's low crossing at 57.75 is the next downside target. First resistance is September's high crossing at 72.73. Second resistance is the 50% retracement level of the April-September-decline crossing at 73.89. First support is October's low crossing at 63.08. Second support September's low crossing at 57.75.  

December cattle closed up $0.63 at 119.88. 

December cattle closed higher on Monday. The high-range close sets the stage for a steady to higher 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 September's low, the 87% retracement level of the March-September-decline crossing at 120.85 is the next upside target. Closes below the 20-day moving average crossing at 116.71 would confirm that a short-term top has been posted. First resistance is last-Monday's high crossing at 120.33. Second resistance is the 87% retracement level of the March-September-decline crossing at 120.85. First support is the 10-day moving average crossing at 118.85. Second support is the 20-day moving average crossing at 116.71.  

January Feeder cattle closed up $1.25-cents at $147.13. 

November Feeder cattle closed higher on Monday and above the 62% retracement level of the April-August-decline crossing at 146.85. The high-range close sets the stage for a steady to higher opening when Tuesday's 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 January extends the rally off September's low, the 75% retracement level of the April-August-decline crossing at 151.31 is the next upside target. Closes below the 20-day moving average crossing at 143.04 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the April-August-decline crossing at 146.85. Second resistance is the 75% retracement level of the April-August-decline crossing at 151.31.First support is the 20-day moving average crossing at 143.04. Second support is the 50-day moving average crossing at 138.10.      

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

December coffee closed lower on Monday as it consolidates some of the rally off October's low. The low-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 October's low, the 75% retracement level of the July-October-decline crossing at 11.26 is the next upside target. Closes below the 20-day moving average crossing at 10.06 would confirm that a short-term top has been posted. 

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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off August's low, July's high crossing at 26.06 is the next upside target. Closes below the reaction low crossing at 23.86 would confirm that a short-term top has been posted.    

March sugar closed steady on Monday. The mid-range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below 50-day moving average crossing at 12.35 would confirm that a top has been posted. If March extends the rally off October's low, October's high crossing at 12.93 is the next upside target. 

December cotton 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 bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off August's low, the 50% retracement level of the April-August-decline crossing at 67.19 is the next upside target. If December extends the decline off this month's high, the 50-day moving average crossing at 62.27 is the next downside target.