Sector Analysis and Key Events for Monday

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Summary
The Dow Future has advanced 80 points to 32852. The US Dollar Index edged higher by 0.127 points to 91.806. Gold is trending higher 3.005 dollars to 1730.200. Silver has advanced 0.08450 dollars to 26.11000. The Dow Industrials rose 293.05 points, at 32778.64, while the S&P 500 moved higher by 4.00 points, last seen at 3943.34. The Nasdaq Composite moved lower 78.80 points to 13319.87. Streaming charts of these markets are available at MarketClub

Blog Postings and Videos
Another Record Close For DOW And S&P 500
Friday Mar 12th

World Oil Supply And Price Outlook, March 2021
Friday Mar 12th

Virginia Is Going Legal - Here's How To Play It
Thursday Mar 11th

Key Events for Monday

8:30 AM ET. March Empire State Manufacturing Survey

Mfg Idx (previous 12.1)

Employment Idx (previous 12.1)

New Orders Idx (previous 10.8)

Prices Received (previous 23.4)

10:00 AM ET. January State Employment and Unemployment

4:00 PM ET. January Treasury International Capital

7:45 AM ET. Weekly Chain Store Sales Index

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

Overall Sales-SA, M/M% (previous +5.3%)

Sales, Ex-Auto, M/M% (previous +5.9%)

Sales, Ex-Auto & Gas, M/M% (previous +6.1%)

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

Import Prices (previous +1.4%)

Non-Petroleum Prices (previous +0.9%)

Petroleum Prices (previous +8.3%)

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%

9:15 AM ET. February Industrial Production & Capacity Utilization

Industrial Production, M/M% (previous +0.9%)

Capacity Utilization % (previous 75.6%)

Capacity Utilization, Net Chg (Pts) (previous +0.7)

10:00 AM ET. March NAHB Housing Market Index

Housing Mkt Idx (previous 84)

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

Total Inventories (previous +0.6%)

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 U.S. Federal Open Market Committee meeting



 
Currencies Snapshot
Symbol Last Change %
US DOLLAR INDEX 91.806 +0.127 +0.14%
Invesco DB US Dollar Index 24.6900 +0.0800 +0.32%
US Dollar/Canadian Dollar 1.246750 -0.000875 -0.07%
Euro/US Dollar 1.19290 -0.00251 -0.21%
JAPANESE YEN Mar 2021 0.009168 -0.000001 -0.01%
SWISS FRANC Mar 2021 1.0775 +0.0017 +0.16%
US Dollar/Hong Kong Dollar 7.76475 +0.00174 +0.02%
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies"

The June Dollar was higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off February's low, the 50% retracement level of the September-January-decline crossing at $93.43 is the next upside target. Closes below the 20-day moving average crossing at $91.05 would signal that a short-term top has been posted. First resistance is the 38% retracement level of the 2020-2021-decline crossing at $92.42. Second resistance is the 50% retracement level of the 2020-2021-decline crossing at $93.43. First support is last-Thursday's low crossing at $91.34. Second support is the 20-day moving average crossing at $91.05.

The June Euro was lower overnight signaling as it consolidates some of the decline off last-Tuesday'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $120.62 would signal that a short-term low has been posted. If June resumes the decline off February's high, the 38% retracement level of the 2020-2021-rally crossing at $117.85 is the next downside target. First resistance is the 10-day moving average crossing at $119.82. Second resistance is the 20-day moving average crossing at $120.62. First support is last-Tuesday's low crossing at $118.61. Second support is the 38% retracement level of the November-January-rally crossing at $117.85.

The June British Pound was steady to slightly higher overnight. The mid-range overnight trade sets the stage for a steady to higher opening when the day session beings trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes last-Friday's high crossing at 1.4009 would confirm that a short-term low has been posted. If June resumes the decline off February's high, the 50-day moving average crossing at 1.3796 is the next downside target. First resistance is last-Friday's high crossing at 1.4009. Second resistance is February's high crossing at 1.4245. First support is the 50-day moving average crossing at 1.3796. Second support is February's low crossing at 1.3568.

The June Swiss Franc was steady to slightly higher overnight and is testing initial resistance marked by the 10-day moving average crossing at 1.0817. The mid-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 20-day moving average crossing at 1.0967 would signal that a short-term low has been posted. If June renews the decline off January's high, the 75% retracement level of the 2020-2021-rally crossing at 1.0586 is the next downside target. First resistance is the 10-day moving average crossing at 1.0817. Second resistance is the 20-day moving average crossing at 1.0967. First support is last-Tuesday's low crossing at 1.0695. Second support is the 75% retracement level of the 2020-2021-rally crossing at 1.0586.

The June Canadian Dollar was higher overnight as it extends the rally off the February 26th low crossing at $78.42. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off February's low, the 87% retracement level of the 2018-2020-decline crossing at $80.52 is the next upside target. Closes below the February 26th low crossing at $78.42 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at $80.39. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $80.52. First support is the February 26th low crossing at $78.42. Second support is January's low crossing at $77.65.

The June Japanese Yen was steady to slightly lower overnight and trading below the 87% retracement level of the 2020-2021-decline crossing at 0.0920. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off January's high, the March-2020 low crossing at 0.0911 is the next downside target. Closes above the 20-day moving average crossing at 0.0935 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 0.0925. Second resistance is the 20-day moving average crossing at 0.0935. First support is the overnight low crossing at 0.0915. Second support is the March-2020 low crossing at 0.0911.



 
Energy Snapshot
Symbol Last Change %
CRUDE OIL Apr 2021 65.54 -0.07 -0.11%
NY HARBOR ULSD HEATING OIL Apr 2021 1.9530 -0.0145 -0.74%
NATURAL GAS Apr 2021 2.534 -0.066 -2.54%
RBOB GASOLINE Apr 2021 2.1446 -0.0054 -0.25%
Invesco DWA Energy Momentum ETF 28.1644 -0.0003 -0.00%
United States Gasoline 34.521 +0.161 +0.47%

ENERGIES

April crude oil was steady to slightly higher in late-overnight trading. 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 have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off November's low, the October-2018 high on the monthly continuation chart crossing at $76.90 is the next upside target. Closes below the March 3rd low crossing at $59.24 are needed to confirm that a short-term top has been posted. First resistance is last-Monday's high crossing at $67.98. Second resistance is the October-2018 high on the monthly continuation chart crossing at $76.90. First support is the March 3rd low crossing at $59.24. Second support is the February 12th low crossing at $57.31.

April heating oil was steady to slightly 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 becoming overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April resumes the rally off November's low, the 75% retracement level of the 2018-2020-decline crossing at $200.04 is the next upside target. Closes below the 20-day moving average crossing at $187.69 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is last-Monday's high crossing at $198.68. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at $200.04. First support is the 20-day moving average crossing at $187.69. Second support is the February 12th low crossing at $171.81.

April unleaded gas was steady to slightly higher overnight as it extends the rally off November's low. 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 April extends the rally off November's low, the October 8th 2018 high crossing at $221.41 is the next upside target. Closes below the 20-day moving average crossing at $199.14 would signal that a short-term top has been posted. First resistance is the overnight high crossing at $217.00. Second resistance is the October 8th 2018 high crossing at $221.41. First support is the 20-day moving average crossing at $199.14. Second support is the 50-day moving average crossing at $179.92.

April Henry natural gas gapped down and was lower overnight as it extends the decline off February's high. The low-range overnight trade sets the stage for a 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 April extends the decline off February's high, the 75% retracement level of the December-February-rally crossing at 2.496 is the next downside target. Closes above the 20-day moving average crossing at 2.791 would signal that a short-term low has been posted. First resistance resistance is the 50-day moving average crossing at 2.739. Second resistance is the 20-day moving average crossing at 2.791. First support is the 75% retracement level of the December-February-rally crossing at 2.496. Second support is the 87% retracement level of the December-February rally crossing at 2.406.



 
Food Snapshot
Symbol Last Change %
COFFEE MARCH 2021 131.9 +0.1 +0.08%
SUGAR #11 WORLD MAY 2021 16.11 -0.25 -1.53%
SUGAR #16 MAY 2021 30.25 -0.20 -0.66%
ORANGE JUICE - A MAY 2021 115.45 +0.30 +0.26%
IPATH SER B BLOOMBERG SUGAR SUBINDEX TOTAL RETURN 50.7200 -0.4248 -0.84%
IPATH SER B BLOOMBERG SOFTS SUBINDEX TOTAL RETURN 45.50 -0.29 -0.63%

FOOD & FIBER

May coffee closed higher on Friday as it extended the rally off Tuesday's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 10-day moving average crossing at 13.19 signals that a short-term low has been posted. Closes below the 50-day moving average crossing at 12.86 would open the door for a possible test of February's low crossing at 12.21.

May cocoa closed slightly lower on Friday. The high-range close sets the stage for a steady to slightly higher opening on Monday. Stochastics and the RSI are turning neutral signaling that sideways to lower prices are possible near-term. If May extends the decline off March's high, the 50-day moving average crossing at 25.00 is the next downside target. Closes above the 10-day moving average crossing at 25.94 would temper the near-term bearish outlook.

May sugar closed lower on Friday. The low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off February's high, the 50-day moving average crossing at 15.68 is the next downside target. Closes above the 20-day moving average crossing at 16.40 would temper the near-term bearish outlook.

May cotton closed lower on Friday. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes below the 50-day moving average crossing at 85.19 would open the door for a possible test of February's low crossing at 81.06 is the next downside target. Closes above the 20-day moving average crossing at 89.30 would signal that a short-term low has been posted.



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Grains Snapshot
Symbol Last Change %
CORN May 2021 539.00 0.00 0.00%
OATS May 2021 378.00 +0.50 +0.13%
WHEAT May 2021 640.50 +2.00 +0.31%
Teucrium Corn Fund ETV 17.08 -0.08 -0.47%
IPATH SER B BLOOMBERG GRAINS SUBINDEX TOTAL RETURN 58.520 +0.005 +0.01%
ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Grains Total Return 3.8750 +0.0247 +0.64%
SOYBEANS May 2021 1409.25 -4.00 -0.28%
SOYBEAN (MINI) May 2021 1409.750 -3.500 -0.25%
SOYBEAN MEAL May 2021 399.7 -1.0 -0.25%
Teucrium Soybean Fund ETV 21.280 -0.030 -0.14%

GRAINS

May corn was steady to slightly lower overnight as it extends the trading range of the past seven-weeks. The high-range close sets the stage for a steady to higher 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 May extends the decline off February's high, the February 11th low crossing at $5.23 1/4 is the next downside target. If May renews the rally off last-August's low, February's high crossing at $5.72 is the next upside target. First resistance is February's high crossing at $5.72. Second resistance is the 62% retracement level of the 2012-2019-decline on the monthly continuation chart crossing at $6.36. First support is the February 11th low crossing at $5.23 1/4. Second support is the the 25% retracement level of the August-February-rally crossing at $5.14.

May wheat was higher overnight. The high-range close 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 May extends the decline off February's high, February's low crossing at $6.28 1/2 is the next downside target. Closes above the 20-day moving average crossing at $6.57 1/4 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $6.57 1/4. Second resistance is February's high crossing at $6.88 1/2. First support is February's low crossing at $6.28 1/2. Second support is January's low crossing at $6.26.

May Kansas City wheat was steady to fractionally lower overnight as it extends the decline off February's high. The high-range close sets the stage for a steady to fractionally 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 May extends this week's decline the 38% retracement level of the August-March-rally crossing at $5.79 is the next downside target. Closes above the 20-day moving average crossing at $6.30 1/2 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $6.30 1/2. Second resistance is February's high crossing at $6.64. First support is the overnight low crossing at $5.98 1/4. Second support is the 38% retracement level of the August-March-rally crossing at $5.79.

May Minneapolis wheat was steady to higher overnight as it extends the January-March trading range. The high-range close sets the stage for a steady to higher 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. Closes below the 50-day moving average crossing at $6.35 3/4 would open the door for a larger-degree decline near-term. Closes above the 20-day moving average crossing at $6.42 1/4 would temper the near-term bearish out. First resistance is February's high crossing at $6.58 3/4. Second resistance is January's high crossing at $6.62. First support is the 50-day moving average crossing at $6.35 3/4. Second support is the 38% retracement level of the December-January-rally crossing at $6.19 3/4.

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

May soybeans was slightly lower overnight as it extends the decline off last-Monday's high. The mid-range close 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. Closes below the 50-day moving average crossing at $13.82 3/4 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If May resumes the rally off last-August's low, psychological resistance crossing at $15.00 is the next upside target. First resistance is last-Monday's high crossing at $14.60. Second resistance is psychological resistance crossing at $15.00. First support is the 50-day moving average crossing at $13.82 3/4. Second support is the February 11th low crossing at $13.36 3/4.

May soybean meal was steady to slightly lower overnight as it extends the decline off January's high. The mid-range close 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 sideways to lower prices are possible near-term. If May extends the aforementioned decline, the 50% retracement level of August-January rally crossing at $376.30 is the next downside target. Closes above the 50-day moving average crossing at $428.00 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $412.00. Second resistance is the 20-day moving average crossing at $418.40. First support is the 38% retracement level of the August-January rally crossing at $396.90. Second support is the 50% retracement level of August-January rally crossing at $376.30.

May soybean oil was higher overnight as it extends the rally off last-April's low. The high-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 May extends the rally off October's low, the September-2012 high on the monthly continuation chart crossing at 58.14 is the next upside target. Closes below the 20-day moving average crossing at 50.37 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 55.75. Second resistance is the September-2012 high on the monthly continuation chart crossing at 58.14. First support is the 10-day moving average crossing at 52.71. Second support is the 20-day moving average crossing at 50.37.



 
Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 32778.64 +293.05 +0.89%
NASDAQ Composite 13319.87 -78.80 -0.59%
S&P 500 3943.34 +4.00 +0.10%
SPDR S&P 500 394.03 +0.50 +0.13%
iShares Russell 2000 ETF 233.71 +1.49 +0.64%

U.S. STOCK INDEXES

The June NASDAQ 100 was steady to higher overnight. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 13,137.31 would signal that a short-term low has been posted. If June renews the decline off February's high, the 25% retracement level of the March-February-rally crossing at 12,146.81 is the next downside target. First resistance is the 50-day moving average crossing at 13,137.31. Second resistance is the February 25th high crossing at 13,337.50. First support is March's low crossing at 12,200.00. Second support is the 25% retracement level of the March-February-rally crossing at 12,146.81.

The June S&P 500 was steady to higher overnight as it extends the rally off March's low. The high-range overnight trade sets the stage for a steady to higher 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 June renews the rally off last-September's low into uncharted territory, upside targets will be hard to project. Closes below the 50-day moving average crossing at 3829.68 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at 3949.00. Second resistance is unknown. First support is the 50-day moving average crossing at 3829.68. Second support is March's low crossing at 3710.50.



 
Interest Snapshot
Symbol Last Change %
T-BONDS Mar 2021 157.40625 +0.28125 +0.18%
iShares Floating Rate Bond ETF 50.746 -0.004 -0.01%
5 YEAR T-NOTES Mar 2021 124.179688 0.000000 0.00%
ULTRA T-BONDS Mar 2021 183.93750 +0.03125 +0.02%
Invesco Senior Loan Portf 22.22 -0.02 -0.09%

INTEREST RATES

June T-bonds were higher due to short covering overnight as it consolidated some of last Friday'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 June extends the decline off September's high, monthly support crossing at 155-05 is the next downside target. Closes above the 20-day moving average crossing at 159-04 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 159-04. Second resistance is the 50-day moving average crossing at 164-02. First support is the overnight low crossing at 155-13. Second support is long-term support on the monthly continuation chart crossing at 155-05.

June T-notes were higher overnight as it consolidates some of last-Friday'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 June extends this year's decline the February-2020 low on the weekly continuation chart crossing at 130.070 is the next downside target. Closes above the 20-day moving average crossing at 133.064 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 133.064. Second resistance is the February 24th high crossing at 134.200. First support is last-Friday's low crossing at 131.230. Second support is the February-2020 low on the weekly continuation chart crossing at 130.070.



 
Livestock Snapshot
Symbol Last Change %
FEEDER CATTLE Mar 2021 136.350 +1.200 +0.88%
LEAN HOGS Apr 2021 91.400 -0.250 -0.27%
LIVE CATTLE Apr 2021 119.000 +0.475 +0.40%
IPATH SER B BLOOMBERG LIVESTOCK SUBINDEX TOTAL RETURN 37.1200 -0.0300 -0.08%

LIVESTOCK

April hogs closed down $0.10 at $91.40.

April hogs posted an inside day with a lower close on Friday as it consolidated some of Thursday's rally. The mid-range close sets the stage for a steady to lower opening when Monday'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 rally off November's low, 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 $87.31 would signal that a short-term top has been posted. First resistance is Thursday's high crossing at $91.70. 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 20-day moving average crossing at $87.31. Second support is the March 2nd low crossing at $85.13.

April cattle closed up $0.48 at $119.00

April cattle closed higher on Friday as it extended the trading range of the past two-weeks. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible. If April extends the decline off February's high, the 50% retracement level of the October-February-rally crossing at $117.72 is the next downside target. Closes above the 20-day moving average crossing at $121.02 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $121.02. Second resistance is February's high crossing at $126.70. First support is Thursday's low crossing at $118.25. Second support is the 50% retracement level of the October-February-rally crossing at $117.72.

April Feeder cattle closed up $1.95 at $143.23.

April Feeder cattle closed sharply higher on Friday as it extended the rally off last-Friday's low. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 20-day moving average crossing at 142.19 confirms that a short-term low has been posted. If April resumes the decline off January's high, January's low crossing at $135.03 is the next downside target. First resistance is today's high crossing at 143.85. Second resistance is February's high crossing at $145.80. First support last-Friday's low crossing at $137.22. Second support is January's low crossing at $135.03.



 
Metals Snapshot
Symbol Last Change %
GOLD Mar 2021 1725.7 +6.2 +0.36%
SPDR Gold Trust 161.48 -0.04 -0.02%
SILVER Mar 2021 26.125 +0.245 +0.94%
PALLADIUM Jun 2021 2356.5 -4.2 -0.18%
Direxion Daily Gold Miners Index Bear 2X Shares 21.78 -0.11 -0.50%
Invesco DB Precious Metals Fund 48.32 -0.02 -0.04%

PRECIOUS METALS

April gold was higher overnight as it extends the rally off Monday's low. The mid-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $1744.90 would signal that a short-term low has been posted. If April resumes the decline off January's high, the 62% retracement level of the 2019-2020-rally crossing at $1634.70. is the next downside target. First resistance is the 20-day moving average crossing at $1744.90. Second resistance is 50-day moving average crossing at $1812.60. First support is the 62% retracement level of the 2019-2020-rally crossing at $1634.70. Second support is the 75% retracement level of the 2019-2020-rally crossing at $1533.30.

May silver was higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $26.681 would signal that a short-term low has been posted. If May resumes the decline off January's high, the 75% retracement level of the November-February-rally crossing at $24.059 is the next downside target. First resistance is the 20-day moving average crossing at $26.681. Second resistance is the February 23rd high crossing at $28.470. First support is the 62% retracement level of the November-February-rally crossing at $25.111. Second support is the 75% retracement level of the November-February-rally crossing at $24.059.

May copper was steady to slightly higher in overnight trading as it extends the rally off March's low. The mid-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. If May renews the rally off October's low, the August-2011 high on the monthly continuation chart crossing at 4.5400 is the next upside target. Closes below March's low crossing at 3.8490 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is February's high crossing at 4.3755. Second resistance is the August-2011 high on the monthly continuation chart crossing at 4.5400. First support is March's low crossing at 3.8490. Second support is the 50-day moving average crossing at 3.8130.



 
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5. OGI Organigram Holdings Inc. 4.40 +0.36 +8.11% 60,597,499 +100    Entry Signal
6. EYES Second Sight Medical Products, Inc 15.1401 +3.9401 +25.92% 42,037,057 +100    Entry Signal
7. GM General Motors Co 59.26 +2.93 +4.94% 28,660,349 +100    Entry Signal
8. GME GameStop Corp 264.4632 +4.4632 +1.69% 25,172,404 +90    Entry Signal
9. EXPR Express, Inc 4.415 +0.615 +13.85% 24,448,852 +100    Entry Signal
10. DS Drive Shack, Inc 3.13 +0.47 +14.97% 19,742,673 +100    Entry Signal
 
Top Futures
#symbolnamelastnet%volumescoretriangles 
1. ES.M21 S&P 500 INDEX (E-MINI) Jun 2021 3937.00 +4.25 +0.11% 220,988 +100    Entry Signal
2. ES.H21 S&P 500 INDEX (E-MINI) Mar 2021 3946.25 +4.00 +0.10% 156,492 +100    Entry Signal
3. YM.M21 DJ $5 (E-MINI) Jun 2021 32751 +86 +0.26% 27,752 +100    Entry Signal
4. ZS.K21 SOYBEANS May 2021 1409.25 -4.00 -0.28% 18,949 +100    Entry Signal
5. @CC.K21 COCOA MAY 2021 2584 -9 -0.35% 14,727 +100    Entry Signal
6. @KC.K21 COFFEE MAY 2021 133.15 +0.80 +0.60% 13,310 +100    Entry Signal
7. LE.V21 LIVE CATTLE Oct 2021 123.700 +1.375 +1.11% 6,016 +100    Entry Signal
8. @KC.N21 COFFEE JULY 2021 135.25 +0.90 +0.67% 4,937 +100    Entry Signal
9. GF.K21 FEEDER CATTLE May 2021 148.375 +2.275 +1.53% 4,657 +100    Entry Signal
10. GF.Q21 FEEDER CATTLE Aug 2021 156.575 +2.125 +1.36% 2,273 +100    Entry Signal

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