Summary
The Dow Future has slid 57 points to 29792. The US Dollar Index trended higher 0.133 points to 92.127. Gold is higher 1.400 dollars to 1812.200. Silver is down 0.1210 dollars to 23.3175. The Dow Industrials edged lower 173.77 points, at 29872.47, while the S&P 500 edged lower 5.76 points, last seen at 3629.65. The Nasdaq Composite gained 57.61 points to 12094.40. Streaming charts of these markets are available at MarketClub
Key Events for Thursday
N/A Marianas: Thanksgiving Day N/A U.S: Thanksgiving Day. Financial markets 8:30 AM ET. U.S. Weekly Export Sales Corn (Metric Tons) (previous 1088.6K) Soybeans (Metric Tons) (previous 1387.7K) Wheat (Metric Tons) (previous 192.4K) 1:00 PM ET. U.S. financial markets close early after Thanksgiving 4:30 PM ET. Money Stock Measures 4:30 PM ET. Foreign Central Bank Holdings 4:30 PM ET. Federal Discount Window Borrowings
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The December Dollar closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month's decline, September's low crossing at 91.75 is the next downside target. Closes above the 50-day moving average crossing at 93.26 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 93.26. Second resistance is November's high crossing at 94.33. First support is today's low crossing at 91.90. Second support is September's low crossing at 91.75. The December Euro closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off November's low, the September 10th high crossing at 119.42 is the next upside target. Closes below the November 11th low crossing at crossing at 117.53 would signal that a short-term top has been posted. First resistance is the September 10th high crossing at 119.42. Second resistance is September's high crossing at 120.38. First support is the November 11th low crossing at 117.53. Second support is November's low crossing at 116.13. The December British Pound was higher on Wednesday as it extends the rally off September's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the aforementioned rally, September's high crossing at 1.3488 is the next upside target. Closes below the 20-day moving average crossing at 1.3176 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 1.3400. Second resistance is September's high crossing at 1.3488. First support is the 20-day moving average crossing at 1.3176. Second support is the 50-day moving average crossing at 1.3031. The December Swiss Franc closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above Monday's high crossing at 1.1025 would signal that a short-term low has been posted. If December renews the decline off November's high, November's low crossing at 1.0874 is the next downside target. First resistance is November's high crossing at 1.1144. Second resistance is the September-2019 high crossing at 1.1319. First support is November's low crossing at 1.0874. Second support is September's low crossing at 1.0781. The December Canadian Dollar closed slightly higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off October's low, the October-2018 high crossing at 79.05 is the next upside target. Closes below the 50-day moving average crossing at 75.85 would confirm that a short-term top has been posted. First resistance is November's high crossing at 77.36. Second resistance is the October-2018 high crossing at 79.05. First support is the 50-day moving average crossing at 75.85. Second support is October's low crossing at 74.70. The December Japanese Yen closed slightly higher on Wednesday. The mid-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 0.0954 would signal that a short-term top has been posted. If December renews this month's rally, November's high crossing at 0.0970 is the next upside target. First resistance is last-Wednesday's high crossing at 0.0965. Second resistance is November's high crossing at 0.0970. First support is November's low crossing at 0.0947. Second support is October's low crossing at 0.0943.
January crude oil closed higher on Wednesday as it extends the rally off November's low. The mid-range close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If January extends the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at $47.20 is the next upside target. Closes below the 20-day moving average crossing at $40.44 would signal that a short-term top has been posted. First resistance is today's high crossing at $46.26. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at $47.20. First support is the 10-day moving average crossing at $42.43. Second support is the 20-day moving average crossing at $40.44. January heating oil closed higher on Wednesday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening when Friday's night trading session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If January extends the rally off November's low, the 38% retracement level of the 2018-2020-decline crossing at $150.97 is the next upside target. Closes below the 50-day moving average crossing at $119.53 would signal that a short-term top has been posted. First resistance is today's high crossing at $140.04. Second resistance is the 38% retracement level of the 2018-2020-decline crossing at $150.97. First support is the 10-day moving average crossing at $128.56. Second support is the 20-day moving average crossing at $122.84. January unleaded gas closed higher on Wednesday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening when Friday'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 January extends the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at $134.28 is the next upside target. Closes below the 20-day moving average crossing at $113.79 would signal that a short-term top has been posted. First resistance is today's high crossing at $127.95. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at $134.28. First support is the 10-day moving average crossing at 117.81. Second support is the 20-day moving average crossing at $113.79. January Henry natural gas closed higher for the fourth day in a row on Wednesday as it extends the rally off last-Thursday's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 3.044 are needed to confirm that a short-term low has been posted. If January renews the decline off November's high, the 87% retracement level of the June-November-rally crossing at 2.562 is the next downside target. First resistance is the 20-day moving average crossing at 3.044. Second resistance is the 50-day moving average crossing at 3.214. First support is the 75% retracement level of the June-November-rally crossing at 2.693. Second support is the 87% retracement level of the June-November-rally crossing at 2.562.
December coffee closed higher due to short covering on Wednesday as it consolidated some of this week's decline. The high-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 20-day moving average crossing at 11.02 would confirm that a short-term top has been posted. If December renews the rally off November's low, the 62% retracement level of the September-November decline crossing at 12.28 is the next upside target. March cocoa closed lower on Wednesday following yesterday's downside reversal as it consolidated some of this month's impressive rally. The low-range close sets the stage for a steady to lower 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 March extends this month's rally, monthly resistance crossing at 29.98 is the next upside target. Closes below the 20-day moving average crossing at 24.61 would confirm that a short-term top has been posted. March sugar closed lower on Wednesday and below the 20-day moving average crossing at 14.90 signaling that a short-term top has been posted. The low-range close set the stage for a steady to lower opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the rally off September's low, weekly resistance crossing at 16.45 is the next upside target. December cotton closed lower on Wednesday. The low-range close sets the stage for a steady to lower 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 50-day moving average crossing at 68.69 would confirm that a short-term top has been posted. If December resumes Monday's rally, January's high crossing at 73.00 is the next upside target.
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December Corn closed down $0.05 3/4-cents at $4.20. December corn closed lower on Wednesday as it consolidated some of this month's gains. The low-range close sets the stage for a steady to lower opening when Friday's night sessions begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $4.12 1/2 would confirm that a short-term top has been posted. If December extends the rally off April's low, weekly resistance marked by the June-2016 high crossing at $4.43 1/2 is the next upside target. First resistance is Monday's high crossing at $4.29 3/4. Second resistance is the June-2016 high crossing at $4.43 1/2 is the next upside target. First support is the November 13th low crossing at $4.03 3/4. Second support is the 50-day moving average crossing at $3.98 1/2. December wheat closed down $0.24-cents at $5.87 1/4. December wheat posted a huge key reversal down on Wednesday and below the 50-day moving average crossing at $5.94 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December resumes the decline off October's high, the 38% retracement level of the June-October-rally crossing at $5.77 1/2 is the next downside target. Closes above today's high crossing at $6.16 1/2 would extend the rally off November's low while opening the door for a possible test of November's high crossing at $6.26 1/4. First resistance is November's high crossing at $6.26 1/4. Second resistance is October's high crossing at $6.38 1/4. First support is November's low crossing at $5.80 1/4. Second support is the 38% retracement level of the June-November-rally crossing at $5.77 1/2. December Kansas City Wheat closed down $0.18-cents at $5.43. December Kansas City wheat posted a key reversal down on Wednesday while extending the October-November trading range. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off November's high, the 50-day moving average crossing at $5.36 1/4 is the next downside target. If December renews the rally off November's low, the 87% retracement level of the 2018-2020-decline crossing at $6.05 is the next upside target. First resistance is the 75% retracement level of the 2018-2020-decline crossing at $5.79 3/4. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $6.05. First support is the 50-day moving average crossing at $5.36 1/4. Second support is the October 14th low crossing at $5.23 1/2. December Minneapolis wheat closed down $0.07 1/4-cents at $5.43 1/2. December Minneapolis wheat closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October's high, the 62% retracement level of the August-October-rally crossing at $5.37 1/4 is the next downside target. Closes above the 20-day moving average crossing at crossing at $5.52 would signal that a short-term low has been posted. First resistance is November's high crossing at $5.71 3/4 is the next upside target. Second resistance is October's high crossing at $5.87 3/4. First support is the 62% retracement level of the August-October-rally crossing at $5.37 1/4. Second support is September's low crossing at $5.22 1/2. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " January soybeans closed down $0.07-cents at $11.84 1/4. January soybeans closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Friday'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 January extends this month's rally, monthly resistance marked by the June-2016 high crossing at $12.08 1/2 is the next upside target. Multiple closes below the 20-day moving average crossing at $11.32 1/4 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at $12.00. Second resistance is monthly resistance marked by the June-2016 high crossing at $12.08 1/2. First support is the 10-day moving average crossing at $11.72 1/4. Second support is the 20-day moving average crossing at $11.32 1/4. December soybean meal closed down $0.30 to $398.00. December soybean meal closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, monthly resistance crossing at $404.90 is the next upside target. Closes below the 20-day moving average crossing at $388.90 would confirm that a short-term top has been posted. First resistance is today's high crossing at $402.40. Second resistance is monthly resistance crossing at $404.90. First support is the 20-day moving average crossing at $388.90. Second support is the October 13th low crossing at $352.30. December soybean oil closed down 14-pts. at 38.20. December soybean oil closed lower on Wednesday as it consolidated some of this month's rally. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 36.39 would signal that a short-term top has been posted. If December resumes the rally off October's low, monthly resistance crossing at 41.25 is the next upside target. First resistance is last-Friday's high crossing at 39.32. Second resistance is monthly resistance crossing at 41.25. First support is the 10-day moving average crossing at 38.01. Second support is the 20-day moving average crossing at 36.39.
The Dow closed lower on Wednesday as it consolidated some of Tuesday's huge gains. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow renews this year's rally into uncharted territory, upside targets will be hard to project. Closes below the November 12th low crossing at 28,902.13 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 30,116.51. Second resistance is unknown. First support is the November 12th low crossing at 28,902.13. Second support is the 20-day moving average crossing at 28,803.51. The December NASDAQ 100 closed higher on Wednesday. The mid-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral signaling that sideways to higher prices are possible near-term. If December renews the rally off November's low. September's high crossing at 12,465.25 is the next upside target. Closes below the 50-day moving average crossing at 11,589.24 are needed to confirm that a short-term top has been posted. First resistance is November's high crossing at 12,408.75. Second resistance is September's high crossing at 12,465.25. First support is the 50-day moving average crossing at 11,589.24. Second support is November's low crossing at 10,942.25. The December S&P 500 closed lower on Wednesday due to profit taking ahead of the Thanksgiving Day holiday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the November 9th gap crossing at 3466.70 would confirm that a short-term top has been posted. First resistance is November's high crossing at 3658.40. Second resistance is unknown. First support is the November 9th gap crossing at 3502.70. Second support is the 50-day moving average crossing at 3433.99.
December T-bonds closed down 2-32's at 172-26. December T-bonds slightly lower on Wednesday as it extended the correction off last-Friday's high. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 172-21 would signal that a short-term top has been posted. Closes above the 50-day moving average crossing at 174-03 would open the door for a possible test of November's high crossing at 175-27. First resistance is the 50-day moving average crossing at 174-03. Second resistance is November's high crossing at 175-27. First support is the 20-day moving average crossing at 172-21. Second support is November's low crossing at 169-16. December T-notes closed up 5-pts. at 138.085. December T-notes posted a key reversal up on Wednesday with today's higher close. The mid-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 138.082 would confirm that a short-term top has been posted. If December renews the rally off November's low, the 50-day moving average crossing at 138.245 is the next upside target. First resistance is the 50-day moving average crossing at 138.245. Second resistance is November's high crossing at 139.085. First support is the 20-day moving average crossing at 138.082. Second support is November's low crossing at 137.080.
February hogs closed up $1.08 at $67.83. February hogs closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the November 6th high crossing at $68.83 would signal that a short-term low has been posted. If February extends the decline off October's high, September's low crossing at $61.55 is the next downside target. First resistance is the November 6th high crossing at $68.83. Second resistance is October's high crossing at $72.80. First support is last-Friday's low crossing at $62.75. Second support is September's crossing at $61.55. February cattle closed down $0.20 at $114.15 February cattle posted an inside day with a slightly lower close on Wednesday. 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 February extends the rally off November's low, November's high crossing at $115.45 is the next upside target. If December renews the decline off November's high, October's low crossing at $105.53 is the next downside target. First resistance is November's high crossing at $115.45. Second resistance is September's high crossing at $116.63. First support is last-Friday's low crossing at $109.00. Second support is October's low crossing at $105.53. January Feeder cattle closed up $1.68-cents at $140.28. January Feeder cattle closed higher on Wednesday as it extends the rally off last-Friday'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 January extends this week's rally, November's high crossing at $141.50 is the next upside target. If January renews the decline off November's high, the reaction low crossing at $132.48 is the next downside target. First resistance is November's high crossing at $141.50. Second resistance is September's high crossing at $142.45. First support is last-Friday's low crossing at $133.00. Second support is October's low crossing at $124.25.
February gold posted an inside day with a higher close on Wednesday as it consolidates some of the decline off August's high. The mid-range close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish with sideways to lower prices are possible near-term. If February extends the decline off November's high, the 50% retracement level of the March-August-rally crossing at $1711.10 is the next downside target. Closes above the 50-day moving average crossing at $1900.70 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at $1900.70. Second resistance is November's high crossing at $1966.10. First support is the 38% retracement level of the March-August-rally crossing at $1771.40. Second support is the 50% retracement level of the March-August-rally crossing at $1711.10. March silver posted an inside day with a slightly higher close on Wednesday while extending the September-November trading range. The mid-range close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this month's decline, October's low crossing at 22.805 is the next downside target. Closes above the November 16th high crossing at 25.285 would confirm that a short-term low has been posted. First resistance is November's high crossing at 26.270. Second resistance is the September 15th high crossing at 28.015. First support is Tuesday's low crossing at 23.050. Second support is October's low crossing at 22.805. March copper closed higher on Wednesday as it extends this year's rally. The high-range close sets the stage for a steady to higher opening when Friday'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 March extends the rally off March's low, the June-2018 high crossing at 341.45 is the next upside target. Closes below the 20-day moving average crossing at 318.02 would signal that a short-term top has been posted. First resistance is today's high crossing at 335.15. Second resistance is the June-2018 high crossing at 341.45. First support is the 20-day moving average crossing at 318.02. Second support is the 50-day moving average crossing at 310.20.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | WORK | Slack Technologies, Inc. | 40.70 | +11.12 | +43.81% | 139,155,733 | +100 |    | Entry Signal | | 2. | FCEL | FuelCell Energy, Inc | 8.835 | +1.165 | +50.22% | 119,682,613 | +100 | | Entry Signal | | 3. | ITUB | Itau Unibanco Banco Holding SA ADS | 5.54 | -0.03 | -0.72% | 64,810,688 | +90 | | Entry Signal | | 4. | CCL | Carnival Corp | 20.6600 | +0.4300 | +3.14% | 58,824,128 | +90 | | Entry Signal | | 5. | VALE | Vale | 14.31 | +0.30 | +2.73% | 56,291,581 | +100 | | Entry Signal | | 6. | YJ | Yunji Inc. | 4.92 | +0.63 | +32.31% | 53,598,996 | +100 | | Entry Signal | | 7. | M | Macy's, Inc | 10.990 | +0.130 | +1.97% | 53,315,875 | +90 | | Entry Signal | | 8. | BAC | Bank of America Corp | 29.0350 | +0.0550 | +0.22% | 52,535,132 | +100 | | Entry Signal | | 9. | XPEV | XPeng Inc. | 64.2001 | -6.4299 | -28.95% | 48,453,829 | +100 | | Entry Signal | | 10. | TSLA | Tesla, Inc | 573.8601 | +18.4801 | +4.36% | 47,150,693 | +100 | | Entry Signal | | | | | Top Futures | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | QCL.F21 | CRUDE OIL JANUARY 2021 | 45.11 | -0.60 | -1.31% | 82,519 | +100 | | Entry Signal | | 2. | CL.F21 | CRUDE OIL Jan 2021 | 45.11 | -0.75 | -1.90% | 82,037 | +100 | | Entry Signal | | 3. | QCL.G21 | CRUDE OIL FEBRUARY 2021 | 45.58 | +0.47 | +1.02% | 32,547 | +100 | | Entry Signal | | 4. | QRB.H21 | RBOB GASOLINE MARCH 2021 | 1.2999 | +0.0248 | +1.94% | 20,064 | +100 | | Entry Signal | | 5. | @CC.K21 | COCOA MAY 2021 | 2695 | -10 | -0.37% | 17,679 | +100 | | Entry Signal | | 6. | QHO.G21 | NY HARBOR ULSD HEATING OIL Feb 2021 | 1.3870 | +0.0157 | +1.12% | 14,494 | +100 | | Entry Signal | | 7. | QCL.K21 | CRUDE OIL MAY 2021 | 45.88 | +0.47 | +1.02% | 11,109 | +100 | | Entry Signal | | 8. | BZ.J21 | CRUDE OIL BRENT LAST DAY Apr 2021 | 48.81 | +1.03 | +2.45% | 9,515 | +100 | | Entry Signal | | 9. | QHO.M21 | NY HARBOR ULSD HEATING OIL Jun 2021 | 1.4144 | +0.0249 | +1.76% | 7,768 | +100 | | Entry Signal | | 10. | BZ.K21 | CRUDE OIL BRENT LAST DAY May 2021 | 48.55 | +0.66 | +1.55% | 5,802 | +100 | | Entry Signal | |
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