Summary
The Dow Future has retreated 13 points to 31468. The US Dollar Index rose 0.304 points to 90.813. Gold is down 2.040 dollars to 1791.170. Silver has slipped 0.2120 dollars to 27.1200. The Dow Industrials climbed 64.35 points, at 31522.75, while the S&P 500 moved lower 2.24 points, last seen at 3932.59. The Nasdaq Composite edged lower 47.97 points to 14047.50. Streaming charts of these markets are available at MarketClub
Key Events for Wednesday
7:00 AM ET. MBA Weekly Mortgage Applications Survey Composite Idx (previous 940.4) Composite Idx, W/W% (previous -4.1%) Purchase Idx-SA (previous 318.8) Purchase Idx-SA, W/W% (previous -4.7%) Refinance Idx (previous 4549.2) Refinance Idx, W/W% (previous -4.2%) 7:45 AM ET. Weekly Chain Store Sales Index 8:30 AM ET. January Advance Monthly Sales for Retail & Food Services Overall Sales-SA, M/M% (expected +1.0%; previous -0.7%) Sales, Ex-Auto, M/M% (expected +0.9%; previous -1.4%) Sales, Ex-Auto & Gas, M/M% (previous -2.1%) 8:30 AM ET. January PPI PPI, M/M% (expected +0.5%; previous +0.3%) Ex-Food & Energy PPI, M/M% (expected +0.2%; previous +0.1%) Personal Consumption (previous +0.1%) 8:55 AM ET. Johnson Redbook Retail Sales Index Ret Sales Mo-to-Date, M/M% (previous -2.5%) Ret Sales Mo-to-Date, Y/Y% (previous +0.7%) Latest Wk, Y/Y% (previous +0.7%) 9:15 AM ET. January Industrial Production & Capacity Utilization Industrial Production, M/M% (expected +0.5%; previous +1.6%) Capacity Utilization % (expected 74.8%; previous 74.5%) Capacity Utilization, Net Chg (Pts) (previous +1.1) 10:00 AM ET. February NAHB Housing Market Index Housing Mkt Idx (expected 83; previous 83) 10:00 AM ET. December Manufacturing & Trade: Inventories & Sales Total Inventories (expected +0.5%; previous +0.5%) 11:00 AM ET. Federal Reserve Bank of New York's Q4 Household Debt and Credit Report 2:00 PM ET. Federal Open Market Committee meeting minutes published 4:30 PM ET. API Weekly Statistical Bulletin Crude Stocks, Net Chg (Bbls) (previous -3.5M) Gasoline Stocks, Net Chg (Bbls) (previous +4.8M) Distillate Stocks, Net Chg (Bbls) (previous 8:30 AM ET. February Philadelphia Fed Business Outlook Survey Business Activity (expected 19.2; previous 26.5) Prices Paid (previous 45.4) Employment (previous 22.5) New Orders (previous 30.0) Prices Received (previous 36.6) Delivery Times (previous 30.0) Inventories (previous 12.6) Shipments (previous 22.7) 8:30 AM ET. January New Residential Construction - Housing Starts and Building Permits Total Starts (expected 1.66M; previous 1.669M) Housing Starts, M/M% (expected -0.5%; previous +5.8%) Building Permits (expected 1.67M; previous 1.709M) Building Permits, M/M% (expected -2.3%; previous +4.5%) 8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims Jobless Claims (expected 770K; previous 793K) Jobless Claims, Net Chg (previous -19K) Continuing Claims (previous 4545000) Continuing Claims, Net Chg (previous -145K) 8:30 AM ET. January Import & Export Price Indexes Import Prices (expected +1.0%; previous +0.9%) Non-Petroleum Prices (previous +0.4%) Petroleum Prices (previous +9.1%) 9:45 AM ET. Bloomberg Consumer Comfort Index 10:30 AM ET. EIA Weekly Natural Gas Storage Report Working Gas In Storage (Cbf) (previous 2518B) Working Gas In Storage, Net Chg (Cbf) (previous -171B) 11:00 AM ET. EIA Weekly Petroleum Status Report Crude Oil Stocks (Bbl) (previous 469.014M) Crude Oil Stocks, Net Chg (Bbl) (previous -6.645M) Gasoline Stocks (Bbl) (previous 256.412M) Gasoline Stocks, Net Chg (Bbl) (previous +4.259M) Distillate Stocks (Bbl) (previous 161.106M) Distillate Stocks, Net Chg (Bbl) (previous -1.732M) Refinery Usage (previous 83.0%) Total Prod Supplied (Bbl/day) (previous 20.183M) Total Prod Supplied, Net Chg (Bbl/day) (previous +1.655M) 2:00 PM ET. SEC Closed Meeting 4:30 PM ET. Money Stock Measures 4:30 PM ET. Foreign Central Bank Holdings 4:30 PM ET. Federal Discount Window 8:30 AM ET. U.S. Weekly Export Sales Corn (Metric Tons) (previous 460.9K) Soybeans (Metric Tons) (previous 983.2K) Wheat (Metric Tons) (previous 635.4K) 9:45 AM ET. February US Flash Manufacturing PMI PMI, Mfg (expected 59.0; previous 59.1) 9:45 AM ET. February US Flash Services PMI PMI, Services (expected 58.0; previous 57.5) 10:00 AM ET. January Existing Home Sales Existing Sales (expected 6.66M; previous 6.76M) Existing Sales, M/M% (expected -1.5%; previous +0.7%) Unsold Homes Month's Supply (expected 1.9) Median Price (USD) (expected 309800) Median Home Price, Y/Y% (previous +12.9%) 10:00 AM ET. 4th Quarter Advance Quarterly Services 10:00 AM ET. 4th Quarter Quarterly Retail E-Commerce 8:30 AM ET. January CFNAI Chicago Fed National Activity Index NAI (previous 0.52) NAI, 3-mo Moving Avg (previous 0.61) 10:00 AM ET. January Leading Indicators Leading Index, M/M% (previous +0.3%) Leading Index (previous 109.5) Coincident Index, M/M% (previous +0.3%) Lagging Index, M/M% (previous +0.1%) 10:30 AM ET. February Texas Manufacturing Outlook Survey Business Activity (previous 7.0) Mfg Production Idx (previous 4.6)
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The March Dollar was higher in overnight trading following Tuesday's key reversal up. 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 bullish signaling that sideways to higher prices are possible near-term. Closes above the 10-day moving average crossing at $90.70 would signal that a short-term low has been posted. If March resumes the decline off last-Friday's high, the January 21st low crossing at $90.03 is the next downside target. First resistance is the 10-day moving average crossing at $90.70. Second resistance is February's high crossing at $91.61. First support is the January 21st low crossing at $90.03. Second support is January's low crossing at $89.16. The March Euro was lower overnight as it consolidates some of the rally off February's low. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March resumes the decline off January's high, the November 23rd low crossing at $118.33 is the next downside target. Closes above the 50-day moving average crossing at $121.70 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at $121.70. Second resistance is the January 22 high crossing at $122.03. First support is February's low crossing at $119.60. Second support is the November 23rd low crossing at $118.33. The March British Pound was lower overnight as it consolidates some of the rally off February's low. The low-range overnight trade sets the stage for a steady to lower opening when the day session beings trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off September's low, the 75% retracement level of the 2017-2020-decline crossing at 1.4156 is the next upside target. Closes below the 20-day moving average crossing at 1.3741 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is Tuesday's high crossing at 1.3953. Second resistance is the 75% retracement level of the 2017-2020-decline crossing at 1.4156. First support is the 20-day moving average crossing at 1.3741. Second support is the 50-day moving average crossing at 1.3604. The March Swiss Franc was lower overnight as it consolidates some of the rally off February's low. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 10-day moving average crossing at 1.1179 would temper the near-term friendly outlook. Closes above the 50-day moving average crossing at 1.1272 are needed to confirm that a short-term low has been posted while opening the door for additional gains near-term. First resistance is the January 22nd high crossing at 1.1331. Second resistance is January's high crossing at 1.1441. First support is the 10-day moving average crossing at 1.1179. Second support is February's low crossing at 1.1064. The March Canadian Dollar was lower overnight as it consolidates some of the rally off February's low. The mid-range trade sets the stage for a steady to lower 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 $78.44 would temper the near-term friendly outlook. If March extends the rally off February's low, January's high crossing at $79.44 is the next upside target. First resistance is January's high crossing at $79.35. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $80.50. First support is the 50-day moving average crossing at $78.44. Second support is January's low crossing at $77.63. The March Japanese Yen was lower overnight as it extends the decline off January's high. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold, diverging but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, last-August's low crossing at 0.0938 is the next downside target. Closes above the 20-day moving average crossing at 0.0956 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.0956. Second resistance is the 50-day moving average crossing at 0.0962. First support is the 50% retracement level of the 2020-2021-rally crossing at 0.0942. Second support is last-August's low crossing at 0.0938.
April crude oil was higher overnight as it extends the rally off November's low. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off November's low, the 87% retracement level of the 2018-2020-decline crossing at $62.48 is the next upside target. Closes below the 20-day moving average crossing at $55.50 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at $60.79. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $62.48. First support is the 10-day moving average crossing at $58.12. Second support is the 20-day moving average crossing at $55.50. April heating oil was higher overnight as it extends the rally off November's low. The high-range overnight trade sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signals that sideways to higher prices are possible near-term. If April extends the rally off November's low, the 62% retracement level of the 2018-2020-decline crossing at $183.37 is the next upside target. Closes below the 20-day moving average crossing at $167.56 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at $182.20. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at $183.37. First support is the 10-day moving average crossing at $174.45. Second support is the 20-day moving average crossing at $167.56. April unleaded gas was higher overnight and spiked above the 75% retracement level of the 2018-2020-decline crossing at $188.13 as it extends the rally off November's low. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off November's low, the 87% retracement level of the 2018-2020-decline crossing at $204.11 is the next upside target. Closes below the 20-day moving average crossing at $173.04 would confirm that a short-term top has been posted. First resistance is the 75% retracement level of the 2018-2020-decline crossing at $188.13. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $204.11. First support is the 10-day moving average crossing at $179.40. Second support is the 20-day moving average crossing at $173.04. April Henry natural gas was lower due to profit taking overnight as it extends some of Tuesday's rally. The high-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off December's low, November's high crossing at 3.052 is the next upside target. Closes below the 20-day moving average crossing at 2.762 would signal that a short-term top has been posted. First resistance resistance is Tuesday's high crossing at 3.020. Second resistance is November's high crossing at 3.052. First support is the 20-day moving average crossing at 2.762. Second support is the 50-day moving average crossing at 2.663.
May coffee closed sharply higher on Tuesday. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 20-day moving average crossing at 12.60 signals that a short-term low has been posted. If May renews last-week's decline, January's low crossing at 12.09 is the next downside target. May cocoa closed lower on Tuesday as it extends the December-February trading range. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the December 22nd low crossing at 24.09 would mark a downside breakout of the aforementioned trading range signaling a resumption of the decline off November's high. Closes above the January 4th high crossing at 25.89 would confirm an upside breakout of the aforementioned trading range. May sugar closed higher on Tuesday. The high-range close set the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off December's low, weekly resistance crossing at 17.23 is the next upside target. Closes below the 20-day moving average crossing at 15.38 would signal that a short-term top has been posted. March cotton closed higher on Tuesday as it extends this month's rally. The mid-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off April's low, the July-2018 high on the weekly continuation chart crossing at 89.98 is the next upside target. Closes below the 20-day moving average crossing at 82.94 would signal that a short-term top has been posted.
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March corn was steady to fractionally lower overnight as it consolidates some of the rally off last-Thursday's low. The mid-range close sets the stage for a steady to fractionally lower opening when the day sessions begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March resumes the decline off February's high, the 25% retracement level of the August-February-rally crossing at $5.13 1/2 is the next downside target. If March resumes the rally off April's low, the 62% retracement level of the 2012-2019-decline on the monthly continuation chart crossing at $6.36 is the next upside target. First resistance is February's high crossing at $5.74 1/4. Second resistance is the 62% retracement level of the 2012-2019-decline on the monthly continuation chart crossing at $6.36. First support is last-Thursday's low crossing at $5.24 3/4. Second support is the the 25% retracement level of the August-February-rally crossing at $5.13 1/2. March wheat was lower overnight as it consolidates some of the rally off last-Wednesday's low. The low-range close 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 last-Tuesday's high crossing at $6.60 1/2 would signal that a short-term low has been posted. Closes below the 50-day moving average crossing at $6.34 1/4 would open the door for additional weakness near-term. First resistance is last-Tuesday's high crossing at $6.60 1/2. Second resistance is February's high crossing at $6.71. First support is the 50-day moving average crossing at $6.34 1/4. Second support is the January 25th low crossing at $6.24 1/4. March Kansas City wheat was lower overnight as it consolidates some of Tuesday's gains. The low-range close sets the stage for a steady to lower 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 last-Tuesday's high crossing at $6.44 are needed to confirm that a short-term low has been posted. If March renews the decline off last-Tuesday's high, the 50-day moving average crossing at $6.03 1/4 is the next downside target. First resistance is January's high crossing at $6.60. Second resistance is the December-2014 high crossing at $7.05 3/4. First support is February's low crossing at $6.04 1/2. Second support is the 50-day moving average crossing at $6.03 1/4. March Minneapolis wheat was lower overnight as it extends the symmetrical triangle, which has formed over the past two months. The low-range close sets the stage for a steady to lower 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 last-Tuesday's high crossing at $6.38 would signal an upside breakout of the symmetrical triangle thereby opening the door for a possible test of January's high crossing at $6.53 1/2. If March resumes the decline off January's high, the 50-day moving average crossing at $6.02 1/2 is the next downside target. First resistance is last-Tuesday's high crossing at $6.38. Second resistance is January's high crossing at $6.53 1/2. First support is February's low crossing at crossing at $6.05. Second support is January's low crossing at $5.93 1/4. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " March soybeans were mostly steady in subdued trading overnight as they extend the trading range of the past four-weeks. The mid-range close sets the stage for a steady opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March resumes the rally off January's low, January's high crossing at $14.36 1/2 is the next upside target. If March renews the decline off January's high, the 50-day moving average crossing at $13.13 1/4 is the next downside target. First resistance is last-Tuesday's high crossing at $14.09 1/2. Second resistance is January's high crossing at $14.36 1/2. First support is the 50-day moving average crossing at $13.13 1/4. Second support is the January 25th low crossing at $12.98. Third support is the 25% retracement level of the March-January rally crossing at $12.83 1/2. March soybean meal was steady in quiet overnight trading as it extends the trading range of the past four-weeks. The low-range close sets the stage for a steady to slightly lower opening when the day session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Closes above last-Tuesday's high crossing at $443.70 would mark an upside breakout of the aforementioned trading range. Closes below the 50-day moving average crossing at $423.00 would open the door for a possible test of the 38% retracement level of August-January rally crossing at $4.01.60. First resistance is last-Tuesday's high crossing at $443.70. Second resistance is January's high crossing at $471.40. First support is the 50-day moving average crossing at $423.00. Second support is the 38% retracement level of the August-January rally crossing at $401.40. March soybean oil was higher overnight as it extends the rally off last-April's low. The mid-range close 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 March extends the rally off October's low, the 50% retracement level of the 2012-2020-decline on the monthly continuation chart crossing at 47.97 is the next upside target. Closes below the 20-day moving average crossing at 44.82 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 47.64. Second resistance is the 50% retracement level of the 2012-2020-decline on the monthly continuation chart crossing at 47.97. First support is the 20-day moving average crossing at 44.82. Second support is the 50-day moving average crossing at 42.36.
The March NASDAQ 100 was lower overnight as investors kept close watch on U.S. Treasury yields that hovered at year highs. The mid-range trade sets the stage for a steady to lower 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 March extends this winter's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 13,474.63 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at 13,900.50. Second resistance is unknown. First support is the 20-day moving average crossing at 13,474.63. Second support is the 50-day moving average crossing at 13,025.82. The March S&P 500 was steady to slightly lower overnight as it consolidates some of this winter's rally. The mid-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading later this morning. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this winter's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 3850.50 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at 3959.25. Second resistance is unknown. First support is the 20-day moving average crossing at 3850.50. Second support is the 50-day moving average crossing at 3773.06.
March T-bonds were higher in late-overnight trading as they consolidate some of this month's decline. 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 March extends the decline off August's high, a test of the 62% retracement level of the 2018-2020-rally on the monthly continuation chart crossing at 157-20 is the next downside target. Closes above the 20-day moving average crossing at 167-23 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 167-23. Second resistance is the 50-day moving average crossing at 169-31. First support is the overnight low crossing at 163-17. Second support is the 62% retracement level of the 2018-2020-rally on the monthly continuation chart crossing at 157-20. March T-notes were higher due to short covering overnight as they consolidate some of this month's decline. The high-range overnight trade sets the stage for a steady to higher 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 March extends the decline off the January 27th high, the 25% retracement level of the 2018-2020-rally on the weekly continuation chart crossing at 134.305 is the next downside target. Closes above the 20-day moving average crossing at 136.275 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 136.275. Second resistance is the 50-day moving average crossing at 137.084. First support is the overnight low crossing at 135.170. Second support is the 25% retracement level of the 2018-2020-rally on the weekly continuation chart crossing at 134.305.
April hogs closed up $0.98 at $86.18. April hogs posted an inside day with a higher close on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the aforementioned rally, the 87% retracement level of the 2019-2020-decline on the weekly continuation chart crossing at $92.25 is the next upside target. Closes below the 20-day moving average crossing at $78.42 would signal that a short-term top has been posted. First resistance is the 75% retracement level of the 2019-2020-decline on the weekly continuation chart crossing at $85.25. Second resistance is the 87% retracement level of the 2019-2020-decline on the weekly continuation chart crossing at $92.25. First support is the 10-day moving average crossing at $81.55. Second support is the 20-day moving average crossing at $78.42. April cattle closed up $0.63 at $125.80 April cattle posted a new high for the year on Tuesday as it extends the rally off October's low. The mid-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible. If April extends the rally off October's low, the December-2019 high on the monthly continuation chart crossing at $127.90 is the next upside target. Closes below the 20-day moving average crossing at $122.64 would signal that a short-term top has been posted. First resistance is today's high crossing at $126.70. Second resistance is the December-2019 high crossing at $127.90. First support is the 20-day moving average crossing at $122.64. Second support is the 50-day moving average crossing at $119.71. April Feeder cattle closed up $0.43 at $145.15. April Feeder cattle closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If April renews the rally off January's low, the August-2020 high on the weekly continuation chart crossing at $148.40 is the next upside target. Closes below the 50-day moving average crossing at $141.67 would signal that a short-term top has been posted. First resistance is January's high crossing at $147.00. Second resistance is the August-2020 high on the weekly continuation chart crossing at $148.40. First support is February's low crossing at $140.05. Second support is January's low crossing at $135.03.
April gold was lower overnight and has renewed its decline off January's high. The mid-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 bearish signaling that sideways to lower prices are possible near-term. If April extends the decline off January's high, November's low crossing at $1771.30 is the next downside target. Closes above the 50-day moving average crossing at $1859.80 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at $1837.20. Second resistance is 50-day moving average crossing at $1859.80. First support is the overnight low crossing at $1781.80. Second support is November's low crossing at $1771.30. March silver was lower overnight as it extends the trading range of the past six-days. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. If March extends the rally off February's low, February's high crossing at $30.350 is the next upside target. Closes below the 50-day moving average crossing at $26.019 would confirm that a top has been posted. First resistance is the January 5th high crossing at $28.105. Second resistance is February's high crossing at $30.350. First support is the 20-day moving average crossing at $26.667. Second support is the 50-day moving average crossing at $26.019. March copper was lower overnight it consolidates some of rally off February's low. The mid-range overnight trade sets the stage for a steady to lower 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 March extends the rally off October's low, the 75% retracement level of the 2011-2016-decline on the monthly continuation chart crossing at 3.9710 is the next upside target. Closes below the 50-day moving average crossing at 3.6075 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 3.8450. Second resistance is the 75% retracement level of the 2011-2016-decline on the monthly continuation chart crossing at 3.9710. First support is the 10-day moving average crossing at 3.7115. Second support is the 50-day moving average crossing at 3.6075.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | TRCH | Torchlight Energy Resources, Inc | 4.2996 | +1.4496 | +64.14% | 252,320,985 | +90 |    | Entry Signal | | 2. | LKCO | Luokung Technology Corp - Ordinary Shares | 3.00 | +1.41 | +117.50% | 153,960,789 | +100 | | Entry Signal | | 3. | CCL | Carnival Corp | 22.47 | +1.87 | +9.08% | 52,999,623 | +100 | | Entry Signal | | 4. | BAC | Bank of America Corp | 34.265 | +0.895 | +2.68% | 46,609,025 | +90 | | Entry Signal | | 5. | CAN | Canaan Inc. | 19.5401 | +6.5001 | +61.03% | 41,200,828 | +100 | | Entry Signal | | 6. | WFC | Wells Fargo | 34.805 | +1.275 | +3.80% | 31,892,650 | +100 | | Entry Signal | | 7. | AGTC | Applied Genetic Technologies Corp | 8.12 | +1.94 | +32.88% | 26,491,152 | +100 | | Entry Signal | | 8. | TWTR | Twitter, Inc | 73.9700 | +2.0700 | +2.88% | 25,760,632 | +90 | | Entry Signal | | 9. | XOM | Exxon Mobil Corp | 52.06 | +1.54 | +3.05% | 24,282,949 | +100 | | Entry Signal | | 10. | TMBR | Timber Pharmaceuticals, Inc. | 3.05 | +0.70 | +29.79% | 22,277,053 | +100 | | Entry Signal | | | | | Top Futures | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | QCL.Z21 | CRUDE OIL DECEMBER 2021 | 56.03 | +0.74 | +1.32% | 88,264 | +100 | | Entry Signal | | 2. | SI.H21 | SILVER Mar 2021 | 27.180 | -0.120 | -0.44% | 22,596 | +100 | | Entry Signal | | 3. | QNG.U21 | NATURAL GAS SEPTEMBER 2021 | 3.019 | +0.025 | +0.82% | 16,823 | +100 | | Entry Signal | | 4. | CL.Z21 | CRUDE OIL Dec 2021 | 56.67 | +0.55 | +0.98% | 7,727 | +100 | | Entry Signal | | 5. | BZ.Q21 | CRUDE OIL BRENT LAST DAY Aug 2021 | 61.02 | -0.30 | -0.49% | 5,048 | +100 | | Entry Signal | | 6. | SIL.H21 | SILVER 1000 OZ Mar 2021 | 27.165 | -0.140 | -0.51% | 3,924 | +100 | | Entry Signal | | 7. | CLT.K21 | CRUDE OIL (TAS) MAY 2021 | 4 | 0 | 0.00% | 3,807 | +100 | | Entry Signal | | 8. | GF.H21 | FEEDER CATTLE Mar 2021 | 140.925 | +0.075 | +0.05% | 3,606 | +100 | | Entry Signal | | 9. | HP.H21 | HENRY HUB FINANCIAL Mar 2021 | 3.129 | +0.222 | +7.08% | 3,246 | +100 | | Entry Signal | | 10. | GF.J21 | FEEDER CATTLE Apr 2021 | 144.925 | +0.200 | +0.14% | 2,992 | +100 | | Entry Signal | |
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