KEY EVENTS TO WATCH FOR:

Thursday, October 7, 2021 

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

                       Job Cuts, M/M% (previous -16.99%)

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

                       Corn (Metric Tons) (previous 370.4K)

                       Soybeans (Metric Tons) (previous 1101.7K)

                       Wheat (Metric Tons) (previous 290.1K)

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

                       Jobless Claims (previous 362K)

                       Jobless Claims, Net Chg (previous +11K)

                       Continuing Claims (previous 2802000)

                       Continuing Claims, Net Chg (previous -18K)

9:00 AM ET. IMF Fiscal Monitor analytical chapter released

9:45 AM ET. Bloomberg Consumer Comfort Index

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

                       Working Gas In Storage (Cbf) (previous 3170B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +88B)

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

3:00 PM ET. August Consumer Credit

                       Consumer Credit Net Chg (USD) (previous +17.0B)

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings

Friday, October 8, 2021  

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

                       Non-Farm Payrolls (previous +235K)

                       Unemployment Rate (previous 5.2%)

                       Avg Hourly Earnings (USD) (previous 30.73)

                       Avg Hourly Earnings-Net Chg (USD) (previous +0.17)

                       Avg Hourly Earnings, M/M% (previous +0.56%)

                       Avg Hourly Earnings, Y/Y% (previous +4.28%)

                       Overall Workweek (previous 34.7)

                       Overall Workweek Net Chg (previous +0)

                       Government Payrolls (previous -8K)

                       Private Payroll (previous +243K)

                       Participation Rate (previous 61.7%)

                      Non-Farm Payrolls Bench Net Chg

10:00 AM ET. August Monthly Wholesale Trade

                       Inventories, M/M% (previous +0.6%)

Monday, October 11, 2021  

9:30 AM ET. G24 Ministers and Governors Meeting

10:00 AM ET. September Employment Trends Index

                       ETI (previous 110.37)

                       ETI, Y/Y%

Tuesday, October 12, 2021  

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

                       Small Business Idx (previous 100.1)

7:45 AM ET. Weekly Chain Store Sales Index

8:55 AM ET. Johnson Redbook Retail Sales Index

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

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

                       Latest Wk, Y/Y%

9:00 AM ET. IMF World Economic Outlook published

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

10:30 AM ET. IMF Global Financial Stability Report published

12:00 PM ET. World Agricultural Supply & Demand Estimates (WASDE)

                       Corn, End Stocks (Bushels)

                       Soybeans, End Stocks (Bushels)

                       Wheat, End Stocks (Bushels)

                       Cotton, End Stocks (Bales)

Wednesday, October 13, 2021 

7:00 AM ET. IMF Fiscal Monitor published

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx

                       Composite Idx, W/W%

                       Purchase Idx-SA

                       Purchase Idx-SA, W/W%

                       Refinance Idx

                       Refinance Idx, W/W%

8:15 AM ET. World Bank President David Malpass' Annual Meetings press briefing

8:30 AM ET. September Real Earnings

8:30 AM ET. September CPI

                       CPI, M/M% (previous +0.3%)

                       Core CPI, M/M% (previous +0.1%)

                       Energy Idx, M/M% (previous +2.0%)

                       Food Idx, M/M% (previous +0.4%)

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

                       CPI, Y/Y% (previous +5.3%)

                       Core Annual, Y/Y% (previous +4%)

10:00 AM ET. September Online Help Wanted Index

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

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

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls)

                       Gasoline Stocks, Net Chg (Bbls)

                       Distillate Stocks, Net Chg (Bbls)

N/A              G20 Finance Ministers and Central Bank Governors Meeting

Thursday, October 14, 2021 

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

                       Jobless Claims

                       Jobless Claims, Net Chg

                       Continuing Claims

                       Continuing Claims, Net Chg

8:30 AM ET. September PPI

                       PPI, M/M% (previous +0.7%)

                       Ex-Food & Energy PPI, M/M% (previous +0.6%)

                       Personal Consumption (previous +0.8%)

9:45 AM ET. Bloomberg Consumer Comfort Index

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

                       Working Gas In Storage (Cbf)

                       Working Gas In Storage, Net Chg (Cbf)

11:00 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl)

                       Crude Oil Stocks, Net Chg (Bbl)

                       Gasoline Stocks (Bbl)

                       Gasoline Stocks, Net Chg (Bbl)

                       Distillate Stocks (Bbl)

                       Distillate Stocks, Net Chg (Bbl)

                       Refinery Usage

                       Total Prod Supplied (Bbl/day)

                       Total Prod Supplied, (Bbl/day) Net Chg

1:00 PM ET. IMF Debate on the Global Economy

4:30 PM ET. Federal Discount Window Borrowings

4:30 PM ET. Foreign Central Bank Holdings

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

The Dow closed higher on Wednesday as it extends the trading range of the past four-days. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are poised to turn neutral to bullish signaling that signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 34,915.32 would signal that a short-term low has been posted. If the Dow renews the decline off the September 27^th high, September's low crossing at 33,613.03 is the next downside target. First resistance is the 50-day moving average crossing at 34,915.32. Second resistance is the August 30^th high crossing at 35,510.71. First support is September's low crossing at 33,613.03. Second support is June's low crossing at 33,271.93.  

The December NASDAQ 100 closed higher on Wednesday as it consolidates above the 25% retracement level of the 2020-2021-rally crossing at 14,474.38. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 15,096.69 would signal that a short-term low has been posted. If December extends the decline off September's high, the 38% retracement level of the 2020-2021-rally crossing at 13,825.88 is the next downside target. First resistance is the 10-day moving average crossing at 14,862.33. Second resistance is the 20-day moving average crossing at 15,097.36. First support is the 25% retracement level of the 2020-2021-rally crossing at 14,474.38. Second support is the 38% retracement level of the 2020-2021-rally crossing at 13,825.88.

The December S&P 500 closed higher on Wednesday as it consolidated some of the decline off September's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling a low is in or near. Closes above the 50-day moving average crossing at 4425.56 would signal that a short-term low has been posted. If December resumes the decline off September's high, July's low crossing at 4214.50 is the next downside target. First resistance is the 50-day moving average crossing at 4425.56. Second resistance is the September 3^rd high crossing at 4539.50. First support is last-Friday's low crossing at 4260.00. Second support is July's low crossing at 4214.50.    

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

December T-bonds closed up 8/32's at 159-13 

December T-bonds closed higher on Wednesday as it consolidates some of the decline off September's high. The high-range close sets the stage for a steady to higher opening when Thursday'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 62% retracement level of the March-August rally crossing at 157-13 is the next downside target. Closes above the 20-day moving average crossing at 161-24 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 160-01. Second resistance is the 20-day moving average crossing at 161-24. First support is today's low crossing at 158-06. Second support is the 62% retracement level of the March-August rally crossing at 157-13.  

December T-notes closed down 15-pts at 131.220.

December T-notes closed lower on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling sideways to lower prices are possible near-term. If December extends the decline off August's high, the 87% retracement level of the March-August rally crossing at 130.207 is the next downside target. Closes above the 20-day moving average crossing at 132.171 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 132.171. Second resistance is the 50-day moving average crossing at 133.036. First support is the 75% retracement level of the March-August rally crossing at 131.125. Second support is the 87% retracement level of the March-August rally crossing at 130.207. 

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

November crude oil posted a key reversal down as it closed lower on Wednesday as it consolidates some of the rally off August's low. The low-range close sets the stage for a steady to lower opening when Thursday'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 November extends the rally off August's low, psychological resistance crossing at $80.00 is the next upside target. Closes below the 20-day moving average crossing at $73.24 would confirm that a short-term top has been posted. First resistance is today's high crossing at $79.78. Second resistance is psychological resistance crossing at $80.00. First support is the 10-day moving average crossing at $75.76. Second support is the 20-day moving average crossing at $73.24. 

November heating oil posted a key reversal down on Wednesday signaling a possible short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Thursday's night trading session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off August's low, the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $279.19 is the next upside target. Closes below the 20-day moving average crossing at $226.07 would signal that a short-term top has been posted. First resistance is today's high crossing at $252.13. Second resistance is the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $279.19 is the next upside target. First support is the 10-day moving average crossing at $234.90. Second support is the 20-day moving average crossing at $226.07.      

November unleaded gas closed lower on Wednesday as it consolidated some of the rally off August's low. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off August's low, the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 238.83 is the next upside target. Closes below the 20-day moving average crossing at $215.61 would signal that a short-term top has been posted. First resistance is today's high crossing at $237.27. Second resistance is the 62% retracement level of the 2008-2020-declineon the monthly continuation chart crossing at 238.83. First support is the 10-day moving average crossing at $221.80. Second support is the 20-day moving average crossing at $215.61.    

November Henry natural gas posted a key reversal down and closed sharply lower on Wednesday as it consolidated some of the rally off August's low. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends this year's rally, the 62% retracement level of the 2008-2020-decline crossing at 6.671 is the next upside target. Closes below the 20-day moving average crossing at 5.400 would confirm that a short-term top has been posted. First resistance is today's high crossing at 6.466. Second resistance is the 62% retracement level of the 2008-2020-decline crossing at 6.671. First support is the 20-day moving average crossing at 5.400. Second support is the September 21^st low crossing at 4.766.   

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

The December Dollar closed higher on Wednesday. The mid-range close sets the stage for a steady to higher opening when Thursday'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 December extends the rally off September's low, the 38% retracement level of the 2020-2021-decline crossing at $94.82 is the next upside target. Closes below the 20-day moving average crossing at $93.35 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at 94.52. Second resistance is the 38% retracement level of the 2020-2021-decline crossing at $94.82. First support is the 10-day moving average crossing at $93.82. Second support is the 20-day moving average crossing at $93.35.   

The December Euro closed lower on Wednesday as it extended the decline off September's high. The low-range close sets the stage for a steady to lower opening when Thursday'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 62% retracement level of the 2020-2021-rally crossing at 114.56 is the next downside target. Closes above the 20-day moving average crossing at 117.23 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 116.56. Second resistance is the 20-day moving average crossing at 117.23. First support is today's low crossing at 115.45. Second support is the 62% retracement level of the 2020-2021-rally crossing at 114.56.

The December British Pound closed lower on Wednesday as it consolidated some of the rally off last-Wednesday's low. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are still possible. Closes above the 20-day moving average crossing at 1.3678 would signal that a short-term low has been posted. If December extends the decline off September's high, the 38% retracement level of the 2020-2021-rally crossing at 1.3223 is the next downside target. First resistance is the 20-day moving average crossing at 1.3678. Second resistance is the 50-day moving average crossing at 1.3760. First support is last-Wednesday's low crossing at 1.3412. Second support is the 38% retracement level of the 2020-2021-rally crossing at 1.3223. 

The December Swiss Franc closed slightly higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's 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 1.0823 would confirm that a short-term low has been posted. If December renews the decline off August's high, March's low crossing at 1.0654 is the next downside target. First resistance is the 20-day moving average crossing at 1.1823. Second resistance is the 50-day moving average crossing at 1.0912. First support is the 87% retracement level of the March-June-rally crossing at 1.0730. Second support is March's low crossing at 1.0654.

The December Canadian Dollar closed slightly lower on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday'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 September's low, September's high crossing at 80.09 is the next upside target. Closes below the 20-day moving average crossing at 78.88 would signal that a short-term top has been posted. First resistance is September's high crossing at 80.09. Second resistance is the July 30^th high crossing at 80.46. First support is the September 29^th low crossing at 78.27. Second support is September's low crossing at 77.54.  

The December Japanese Yen closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday’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 above the 50-day moving average crossing at 0.090911 would signal that a short-term low has been posted. If December renews September's decline, the February-2020 low on the monthly continuation chart crossing at 0.089205 is the next downside target. First resistance is the 10-day moving average crossing at 0.089985. Second resistance is the 20-day moving average crossing at 0.090613. First support is last-Thursday's low crossing at 0.089260. Second support is the February-2020 low on the monthly continuation chart crossing at 0.089205.  

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

December gold closed higher on Wednesday.The high-range close sets the stage for a steady to higher opening when Thursday'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 $1783.90 would confirm that a short-term low has been posted. If December renews the decline off September's high, August's low crossing at $1677.90 is the next downside target. First resistance is the 20-day moving average crossing at $1767.00. Second resistance is the 50-day moving average crossing at $1783.90. First support is last-Wednesday's low crossing at $1721.10. Second support is August's low crossing at $1677.90.

December silver closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday'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 acreage crossing at 22.832 would signal that a short-term low has been posted. If December resumes the decline off May's high, the 50% retracement level of the 2020-March-August-rally crossing at 21.120 is the next downside target. First resistance is the 20-day moving average crossing at 22.832. Second resistance is the 50-day moving average crossing at 23.656. First support is last-Wednesday's low crossing at 21.410. Second support is the 50% retracement level of the March-August-rally crossing at 21.120.    

December copper closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday'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 428.48 would signal that a short-term low has been posted. If December resumes the decline off September's high, August's low crossing at 396.65 is the next downside target. First resistance is the 50-day moving average crossing at 428.48. Second resistance is September's high crossing at 447.15. First support is September's low crossing at 401.60. Second support is August's low crossing at 396.65.  

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

December Corn closed down $0.04 3/4-cents at $5.32 3/4. 

December corn closed lower on Wednesday as it extends the trading range of the past six-days. The low-range close sets the stage for a steady to lower opening when Thursday'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 $5.28 1/2 would signal that a short-term top has been posted. Closes above the September 30^th high crossing at $5.48 1/2 would open the door for additional gains near-term. First resistance is the September 30^th high crossing at $5.48 1/2. Second resistance is the August 30^th high crossing at $5.58. First support is the 20-day moving average crossing at $5.28 1/2. Second support is the September 21^st low crossing at $5.12 3/4. Second support is September's low crossing at $4.97 1/2.     

December wheat closed down $0.00 1/2-cents at $7.44 1/4.  

December wheat closed fractionally lower on Wednesday as it consolidated some of the rally off September's low.The low-range close sets the stage for a steady to lower opening when Thursday'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 last-Thursday's low crossing at $7.01 1/4 would signal that a short-term top has been posted. If December extends the rally off September's low, August's high crossing at $7.86 1/2 is the next upside target. First resistance is Monday's high crossing at $7.63 1/2. Second resistance is the August high crossing at $7.86 1/2. First support is last-Thursday's low crossing at $7.01 1/4. Second support is the September 21^st low crossing at $6.86.

December Kansas City Wheat closed up $0.02 1/2-cents at $7.43 1/2.

December Kansas City wheat closed higher on Wednesday. The low-range close sets the stage for a steady to slightly higher opening when Thursday'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 last-Thursday's low crossing at $7.03 1/2 would signal that a short-term top has been posted. If December extends the rally off September's low, August's high crossing at $7.69 is the next upside target. First resistance is Monday's high crossing at $7.61 3/4. Second resistance is August's high crossing at $7.69. First support is the 10-day moving average crossing at $7.30 1/2. Second support is the 20-day moving average crossing at $7.15 1/4.

December Minneapolis wheat closed up $0.13 1/2-cents at $9.39. 

December Minneapolis wheat closed higher on Wednesday and above August's high crossing at $9.37 1/2 as it extended the rally off September's low. The high-range close sets the stage for a steady to higher opening when Thursday'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 today's  rally above the August high crossing at $9.37 1/2, weekly resistance crossing at $9.53 is the next upside target. Closes below the 50-day moving average crossing at $9.05 1/2 would signal that a short-term top has been posted. First resistance is today's high crossing at $9.43 1/4. Second resistance is weekly resistance crossing at $9.53. First support is the 50-day moving average crossing at $9.05 1/2. Second support is the September 21^st low crossing at $8.81 3/4. Second support is September's low crossing at $8.61 1/2. 

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

November soybeans closed down $0.08 1/4-cents at $12.42 1/4.

November soybeans closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday'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 November renews the decline off August's high, March's low crossing at $11.84 is the next downside target. Closes above the the 20-day moving average crossing at $12.73 1/4 would confirm that a short-term low has been posted. First resistance is the September 27^th high crossing at $12.97. Second resistance is the September 16^th high crossing at $13.08. First support is Tuesday's low crossing at $12.31. Second support is March's low crossing at $11.84.

December soybean meal closed up $1.30 at $322.50. 

December soybean meal closed higher on Wednesday as it consolidated some of its recent losses. The mid-range close sets the stage for a steady opening when Thursday'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 July's high, the 87% retracement level of the 2020-2021 rally crossing at $307.30 is the next downside target. Closes above the 20-day moving average crossing at $337.00 would signal that a low has been posted. First resistance is the 20-day moving average crossing at $337.00. Second resistance is the 50-day moving average crossing at $346.70. First support is today's low crossing at $320.10. Second support is the 87% retracement level of the 2020-2021 rally crossing at $307.30.     

December soybean oil closed down 69-pts. at 60.45. 

December soybean oil closed lower on Wednesday as it consolidates some of Tuesday's rally. The low-range close sets the stage for a steady to lower opening when Thursday'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 September's low, the August 16^th high crossing at 64.00 is the next upside target. Closes below the 20-day moving average crossing at 57.46 would signal that a short-term top has been posted. First resistance is today's high crossing at 61.90. Second resistance is the August 16^th high crossing at 64.00. First support is September's low crossing at 54.18. Second support is June's low crossing at 53.10. 

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

December hogs closed down $0.75 at $81.80. 

December hogs closed lower on Wednesday as it extends the decline off last-Thursday's high. The high-range close sets the stage for a steady to higher opening when Thursday'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 $78.21 would signal that a short-term top has been posted. If December extends the rally off September's low the July high crossing at $86.25 is the next upside target. First resistance is July's high crossing at $86.25. Second resistance is June's high crossing at $89.55. First support is last-Thursday's gap crossing at $84.00. Second support is the 20-day moving average crossing at $78.21. 

December cattle closed up $0.45 at $128.30. 

December cattle closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 50-day moving average crossing at $131.33 is the next upside target. If December renews the decline off September's high, June's low crossing at $124.35 is the next downside target. First resistance is the September 23^rd high crossing at $129.33. Second resistance is the 50-day moving average crossing at $131.33. First support is last-Friday's low crossing at $125.00. Second support is June's low crossing at $124.35.

November Feeder cattle closed up $1.13 at $158.00. 

November feeder cattle closed higher on Wednesday as it extends the rally off last-Thursday's low. The high-range close sets the stage for a steady to higher opening when Thursday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the September 23^rd high crossing at $159.73 would confirm that a short-term low has been posted. If November renews the decline off August's high, the 87% retracement level of the May-August-rally crossing at $151.04 is the next downside target. First resistance is the September 23^rd high crossing at $159.73. Second resistance is the 50-day moving average crossing at $163.26. First support is last-Thursday's low crossing at $152.00. Second support is the 87% retracement level of the May-August-rally crossing at $151.04.  

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

December coffee closed higher on Wednesday as it consolidates some of this week's decline. The mid-range close sets the stage for a steady to higher opening on Thursday. 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 $188.64 would signal that a short-term top has been posted. If December renews the rally off September's low, July's high crossing at $217.86 is the next upside target.  

December cocoa closed lower on Wednesday as it consolidates some of the rally off July's low. The mid-range close sets the stage for a steady to lower opening on Thursday. 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 26.44 would signal that a short-term top has been posted. If December resumes the aforementioned rally, the November-2020 high on the weekly continuation chart crossing at 28.21 is the next upside target.                              

March sugar closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above 20.38 or below 19.31 are needed to confirm a breakout of the September-October trading range.

December cotton gapped up and closed sharply higher on Wednesday as it extends the rally off September's low. The mid-range close sets the stage for a steady to higher opening on Thursday. 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 aforementioned rally, the 50% retracement level of the 2011-2020 decline crossing at 134.17 is the next upside target. Closes below the 20-day moving average crossing at 97.25 would signal that a short-term top has been posted.