KEY EVENTS TO WATCH FOR:

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

Friday, October 15, 2021   

8:30 AM ET. October Empire State Manufacturing Survey

                       Mfg Idx (previous 34.3)

                       Employment Idx (previous 20.5)

                       New Orders Idx (previous 33.7)

                       Prices Received (previous 47.8)

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

                       Overall Sales-SA, M/M% (previous +0.7%)

                       Sales, Ex-Auto, M/M% (previous +1.8%)

                       Sales, Ex-Auto & Gas, M/M% (previous +2.0%)

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

                       Import Prices (previous -0.3%)

                       Non-Petroleum Prices (previous -0.1%)

                       Petroleum Prices (previous -2.4%)

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

                       Corn (Metric Tons) (previous 1265.1K)  

                       Soybeans (Metric Tons) (previous 1041.9K)  

                       Wheat (Metric Tons) (previous 333.2K)

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

                       Total Inventories (previous +0.5%)

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

                       Mid-Mo Sentiment (previous 71.0)

                       Mid-Mo Expectations (previous 67.1)

                       Mid-Mo Current Idx (previous 77.1)

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

The STOCK INDEXES: The December NASDAQ 100 was steady to slightly higher overnight as it extends the rebound off Monday's low. Overnight strength 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. Closes above the 50-day moving average crossing at 15,163.10 would signal that a short-term low has been posted. If December resumes the decline off September's high, the 38% retracement of the 2020-2021-rally crossing at 13,825.88 is the next downside target. First resistance is the 20-day moving average crossing at 15,037.33. Second resistance is the 50-day moving average crossing at 15,163.08. First support is the 25% retracement of the 2020-2021-rally crossing at 14,474.38. Second support is the 38% retracement of the 2020-2021-rally crossing at 13,825.88.  

The December S&P 500 was steady to slightly higher overnight as it extends the rally off last-Friday's low. Overnight strength sets the stage for a steady to higher opening when the day session begins trading later this morning. 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 4425.62 would signal that a short-term low has been posted. If December renews 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 4425.62. Second resistance is the September 27^th high crossing at 4472.00. First support is July's low crossing at 4214.50. Second support is the 25% retracement level of the 2020-2021-rally crossing at 42101.63.

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

INTEREST RATES: December T-bonds were lower overnight as they extend the decline off September's high. Overnight weakness sets the stage for a steady to lower opening when the day 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 161-09 would signal that a short-term low has been posted. First resistance is Monday's high crossing at 160-20. Second resistance is the 20-day moving average crossing at 161-09. First support is the 62% retracement level of the March-August rally crossing at 157-13. Second support is the June 16^th low crossing at 156-15.

December T-notes were lower overnight as they extend the decline off August's high. Overnight weakness sets the stage for a lower opening with the day 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 August's, 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 132.107 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 132.107. Second resistance is the 50-day moving average crossing at 133.007. First support is the 75% retracement level of the March-August rally crossing at 131.072. 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 ""

ENERGIES:November crude oil was slightly higher overnight following Thursday's upside reversal. Overnight strength 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 November extends the rally off August's low, the October-2014 high on the monthly continuation chart crossing at $92.96 is the next upside target. Closes below the 20-day moving average crossing at $74.23 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is psychological resistance crossing at $80.00. Second resistance is the October-2014 high on the monthly continuation chart crossing at $92.96. First support is the 20-day moving average crossing at $74.23. Second support is the 50-day moving average crossing at $70.33.

November heating oil was slightly higher overnight. The low-range overnight trade sets the stage for a steady to slightly 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 November extends the rally off August's low, the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $2.7919 is the next upside target. Closes below the 20-day moving average crossing at $2.2943 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $2.5213. Second resistance is the 62% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $2.7919. First support is the 10-day moving average crossing at $2.3905. Second support is the 20-day moving average crossing at 2.2943.  

November unleaded gas was steady to slightly higher overnight. The low-range trade overnight sets the stage for a steady to slightly 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 November extends the rally off August's low, the 75% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 2.8181 is the next upside target. Closes below the 20-day moving average crossing at 2.1829 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at 2.3727. Second resistance is the 75% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at 281.81. First support is the 10-day moving average crossing at 2.2589. Second support is the 20-day moving average crossing at 2.1829.

November Henry natural gas was steady to lower overnight. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 5.461 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If November resumes this year's rally, the 62% retracement level of the 2008-2020-decline crossing at 6.671 is the next upside target. First resistance is Wednesday'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 5.461. Second support is the September 21^st low crossing at 4.766.    

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

CURRENCIES:The December Dollar was steady to slightly lower overnight. Stochastics and the RSI are becoming 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 38% retracement level of the 2020-2021-decline on the weekly continuation chart crossing at $94.82 is the next upside target. Closes below the 20-day moving average crossing at $93.52 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 on the weekly continuation chart crossing at $94.82. First support is Monday's low crossing at $93.68. Second support is the 20-day moving average crossing at $93.52.  

The December Euro was steady to slightly 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 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 2020-2021-rally crossing at $114.56 is the next downside target. Closes above the 20-day moving average crossing at $116.95 would signal that a short-term low has been posted. First resistance is Monday's high crossing at $116.56. Second resistance is the 20-day moving average crossing at $116.95. First support is Wednesday'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 was steady to slightly higher overnight. Overnight strength sets the stage for a steady to higher opening when the day session beings 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 1.3656 would signal that a short-term low has been posted.If December renews 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 1.3656. Second resistance is the 50-day moving average crossing at 1.3748. 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 was steady to slightly higher in late-overnight trading. Overnight strength sets the stage for a steady to slightly higher opening when the day session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices possible near-term. Closes above Monday's high crossing at 1.0853 are needed to signal 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 Monday's high crossing at 1.0853. Second resistance is the 50-day moving average crossing at 1.0901. First support is last-Thursday's low crossing at 1.0693. Second support is March's low crossing at 1.0654.

The December Canadian Dollar was steady to higher overnight as it extends the rally off September's low. Overnight strength 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 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 $78.94 would signal that a short-term top has likely been posted. First resistance is the overnight high crossing at $79.79. Second resistance is September's high crossing at 80.09. First support is the 20-day moving average crossing at $78.94. Second support is last-Wednesday's low crossing at $78.27. 

The December Japanese Yen was steady to lower overnight. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off September's high, the February-2020 low on the weekly continuation chart crossing at 0.089205 is the next downside target. Closes above the 20-day moving average crossing at 0.090454 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.090454. Second resistance is the 50-day moving average crossing at 0.090843. First support is last-Thursday's low crossing at 0.089260. Second support is the February-2020 low on the weekly continuation chart crossing at 0.089205.

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

PRECIOUS METALS:Decembergold was steady to higher overnight as it extends the trading range of the past six-days. Overnight strength sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $1781.50 would signal 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 Monday's high crossing at $1771.50. Second resistance is the 50-day moving average crossing at $1781.50. First support is the September 29^th low crossing at $1721.10. Second support is August's low crossing at $1677.90.

December silver was steady to lower overnight. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $22.684 would signal that a short-term low has been posted. If December renews the decline off September's high, the 50% retracement level of the 2020-2021-rally crossing at $21.120 is the next downside target. First resistance is the 20-day moving average crossing at $22.684. Second resistance is the 50-day moving average crossing at $23.543. First support is the September 29^th low crossing at $21.410. Second support is the 50% retracement level of the 2020-2021-rally crossing at $21.120.

December copper was steady to 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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 4.2747 would signal that a short-term low has been posted. If December renews the decline off September's high, September's low crossing at 4.0160 is the next downside target. First resistance is the 50-day moving average crossing at 4.2747. Second resistance is September's high crossing at 4.4715. First support is September's low crossing at 4.0160. Second support is August's low crossing at 3.9615. 

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

December corn was higher overnight as it extends the trading range of the past two-weeks. The mid-range trade overnight sets the stage for a steady to higher opening when the day sessions 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 $5.30 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 a possible test of the August 30^th high crossing at $5.58. 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 September 21^st low crossing at $5.12 3/4. Second support is September's low crossing at $4.97 1/2.   

December wheat was steady to higher overnight. Overnight strength sets the stage for a steady to higher opening when the day 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 $7.20 1/2 would signal that a short-term top has been posted. If December resumes 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 August's high crossing at $7.86 1/2. First support is the 10-day moving average crossing at $7.35 1/4. Second support is the 20-day moving average crossing at $7.20 1/2. 

December Kansas City wheat was higher overnight as it extends this week's trading range. 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average  crossing at $7.18 3/4 would signal that a short-term top has been posted. If December resumes 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 $7.64 1/4. Second resistance is August's high crossing at $7.69. First support is the 10-day moving average crossing at $7.35 1/2. Second support is the 50-day moving average crossing at $7.18 3/4. 

December Minneapolis wheat was higher overnight as it extends Wednesday's upside breakout of the July-October trading range. Overnight strength 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 December extends the rally off September's low, weekly resistance crossing at $9.53 is the next upside target. Closes below the 50-day moving average crossing at $9.07 1/4 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is Thursday's high crossing at $9.49. Second resistance is weekly resistance crossing at $9.53. First support is the 10-day moving average crossing at $9.25 1/2. Second support is the 50-day moving average crossing at $9.07 1/4.  

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

November soybeans were higher overnight as it extends this week's trading range abovethe 38% retracement level of the 2020-2021-rally crossing at $12.29 3/4. Overnight strength set the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $12.70 1/2 would signal that a short-term low has been posted while opening the door for a possible test of the 50-day moving average crossing at $13.00. If November resumes the decline off August's high, March's low crossing at $11.84 is the next downside target. First resistance is the 20-day moving average crossing at $12.70 1/2. Second resistance is the 50-day moving average crossing at $13.00. First support is Tuesday's low crossing at $12.31. Second support is the 38% retracement level of the 2020-2021-rally crossing at $12.29 3/4.

December soybean meal was steady to slightly higher overnight as it consolidates some of the decline off September's high. Overnight strength sets the stage for a steady to higher opening when the day 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 August'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 $334.90 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $334.90. Second resistance is the 50-day moving average crossing at $345.10. First support is the overnight low crossing at $318.90. Second support is the 87% retracement level of the 2020-2021-rally crossing at $307.30.

December soybean oil was higher overnight as it extends the rally off September's low. Overnight strength 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 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 58.08 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 61.90. Second resistance is the August 16^th high crossing at 64.00. First support is the 20-day moving average crossing at 58.08. Second support is September's low crossing at 54.18.       

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

December hogs closed up $0.40 at $82.13. 

December hogs closed higher on Thursday as it consolidated some of the decline off last-Thursday's high. The mid-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $78.34 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 the 20-day moving average crossing at $78.33. Second support is last-Thursday's gap crossing at $77.20.  

December cattle closed up $1.83 at $130.05. 

December cattle closed sharply higher on Thursday as it extends the rally off last-Friday's low. The high-range close sets the stage for a steady to higher opening on Friday. 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 $131.26 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 today's high crossing at $130.23. Second resistance is the 50-day moving average crossing at $131.26. 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 $3.03 at $161.15. 

November feeder cattle closed sharply higher on Thursday as it extends the rally off last-Thursday's low. The high-range close sets the stage for a steady to higher opening when Friday's 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 week's rally, the 50-day moving average crossing at $163.15 is the next upside target. 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 today's high crossing at $161.75. Second resistance is the 50-day moving average crossing at $163.15. 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 Thursday as it consolidates some of the decline off Monday's high. The mid-range close sets the stage for a steady to higher opening on Friday. 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 $188.53 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 higher on Thursday as it consolidates some of this week's decline. The low-range close sets the stage for a steady to slightly higher opening on Friday. 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 26.46 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 higher on Thursday as it extend the trading range of the past-four weeks. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral signaling that sideways trading is 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 closed higher on Thursday as it extends the rally off September's low. The mid-range close sets the stage for a steady to higher opening on Friday. 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 98.17 would signal that a short-term top has been posted.