Summary
The Dow Future is higher 265 points to 29939. The US Dollar Index softened 0.062 points to 91.807. Gold is falling 79.435 dollars to 1804.765. Silver is up 0.56145 dollars to 23.38795. The Dow Industrials retreated 271.73 points, at 29638.64, while the S&P 500 edged lower 16.72 points, last seen at 3621.63. The Nasdaq Composite dropped 7.11 points to 12198.74. Streaming charts of these markets are available at MarketClub
Key Events for Tuesday
7:45 AM ET. Weekly Chain Store Sales Index 8:55 AM ET. Johnson Redbook Retail Sales Index Ret Sales Mo-to-Date, M/M% (previous -0.5%) Ret Sales Mo-to-Date, Y/Y% (previous +1.9%) Latest Wk, Y/Y% (previous +2.8%) 9:45 AM ET. November US Manufacturing PMI PMI, Mfg (previous 53.4) 10:00 AM ET. November ISM Report on Business Manufacturing PMI Manufacturing PMI (expected 57.5; previous 59.3) Prices Idx (previous 65.5) Employment Idx (previous 53.2) Inventories (previous 51.9) New Orders Idx (previous 67.9) Production Idx (previous 63.0) 10:00 AM ET. October Construction Spending - Construction Put in Place New Construction (expected +0.9%; previous +0.3%) Residential Construction 11:00 AM ET. November Global Manufacturing PMI PMI, Mfg (previous 53.0) 4:00 PM ET. November Domestic Auto Industry Sales 4:30 PM ET. API Weekly Statistical Bulletin Crude Stocks, Net Chg (Bbls) (previous +3.8M) Gasoline Stocks, Net Chg (Bbls) (previous +1.3M) Distillate Stocks, Net Chg (Bbls) (previous 7:00 AM ET. MBA Weekly Mortgage Applications Survey Composite Idx (previous 863.6) Composite Idx, W/W% (previous +3.9%) Purchase Idx-SA (previous 314.6) Purchase Idx-SA, W/W% (previous +3.5%) Refinance Idx (previous 4077.7) Refinance Idx, W/W% (previous +4.5%) 8:15 AM ET. November ADP National Employment Report Private Sector Jobs, Net Chg (expected +400000; previous +365000) 9:45 AM ET. November ISM-NY Report on Business Business Index (previous 65.1) 10:30 AM ET. EIA Weekly Petroleum Status Report Crude Oil Stocks (Bbl) (previous 488.721M) Crude Oil Stocks, Net Chg (Bbl) (previous -0.754M) Gasoline Stocks (Bbl) (previous 230.147M) Gasoline Stocks, Net Chg (Bbl) (previous +2.18M) Distillate Stocks (Bbl) (previous 142.632M) Distillate Stocks, Net Chg (Bbl) (previous -1.441M) Refinery Usage (previous 78.7%) Total Prod Supplied (Bbl/day) (previous 19.156M) Total Prod Supplied, Net Chg (Bbl/day) (previous -0.408M) 2:00 PM ET. U.S. Federal Reserve Beige Book 2:00 PM ET. SEC Closed 7:30 AM ET. November Challenger Job-Cut Report Job Cuts, M/M% (previous -32%) 8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims Jobless Claims (expected 768K; previous 778K) Jobless Claims, Net Chg (previous +30K) Continuing Claims (previous 6071000) Continuing Claims, Net Chg (previous -299K) 8:30 AM ET. U.S. Weekly Export Sales Corn (Metric Tons) (previous 1665.6K) Soybeans (Metric Tons) (previous 768.1K) Wheat (Metric Tons) (previous 795.8K) 9:45 AM ET. Bloomberg Consumer Comfort Index 9:45 AM ET. November US Services PMI PMI, Services (previous 56.9) 10:00 AM ET. November ISM Report on Business Services PMI Non-Mfg Composite Idx (expected 55.5; previous 56.6) Non-Mfg Business Idx (previous 61.2) Prices Idx (previous 63.9) Employment Idx (previous 50.1) New Orders Idx (previous 58.8) 10:00 AM ET. October Metropolitan Area Employment & Unemployment 10:00 AM ET. SEC Investor Advisory Committee Quarterly Meeting held remotely 10:30 AM ET. EIA Weekly Natural Gas Storage Report Working Gas In Storage (Cbf) (previous 3940B) Working Gas In Storage, Net Chg (Cbf) (previous -18B) 11:00 AM ET. November Global Services PMI PMI, Services (previous 52.9) 12:00 PM ET. November Monthly U.S. Retail Chain Store Sales Index 4:30 PM ET. Money Stock Measures 4:30 PM ET. Federal Discount Window Borrowings 4:30 PM ET. Foreign Central Bank 8:30 AM ET. November U.S. Employment Report Non-Farm Payrolls (expected +425K; previous +638K) Unemployment Rate (expected 6.7%; previous 6.9%) Avg Hourly Earnings (USD) (previous 29.5) Avg Hourly Earnings-Net Chg (USD) (previous +0.04) Avg Hourly Earnings, M/M% (expected +0.1%; previous +0.14%) Avg Hourly Earnings, Y/Y% (expected +4.2%; previous +4.46%) Overall Workweek (previous 34.8) Overall Workweek Net Chg (previous +0) Government Payrolls (previous -268K) Private Payroll (previous +906K) Participation Rate (previous 61.7%) Non-Farm Payrolls Bench Net Chg 8:30 AM ET. October U.S. International Trade in Goods & Services Trade Balance (USD) (expected -64.8B; previous -63.86B) Exports (USD) (previous 76.35B) Exports, M/M% (previous +2.6%) Imports (USD) (previous 240.22B) Imports, M/M% (previous +0.5%) 10:00 AM ET. October Manufacturers' Shipments, Inventories & Orders (M3) Total Orders, M/M% (expected +0.8%; previous +1.1%) Orders, Ex-Defense, M/M% (previous +1.8%) Orders, Ex-Transport, M/M% (previous +0.5%) Durable Goods, M/M% Durable Goods, 10:00 AM ET. November Employment Trends Index ETI (previous 97.57) ETI, Y/Y% 3:00 PM ET. October Consumer Credit Consumer Credit Net Chg (USD) (previous +16.2B)
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The December Dollar closed higher on Monday but not before spiking below September's low crossing at 91.75. The high-range close sets the stage for a steady to higher opening when Tuesday'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. Multiple closes below September's low crossing at 91.75 could mark a possible downside breakout of the August-December trading range thereby renewing this year's decline. Closes above the 20-day moving average crossing at 92.51 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 92.51. Second resistance is the 50-day moving average crossing at 93.18. First support is today's low crossing at 91.49. Second support is monthly support crossing at 90.21. The December Euro closed lower on Monday as it consolidated some of the rally off November's low. The low-range close sets the stage for a steady to lower opening when Tuesday'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, September's high crossing at 120.38 is the next upside target. Closes below the 50-day moving average crossing at crossing at 117.95 would signal that a short-term top has been posted. First resistance is today's high crossing at 120.08. Second resistance is September's high crossing at 120.38. First support is the 20-day moving average crossing at 118.41. Second support is the 50-day moving average crossing at 117.95. The December British Pound closed higher on Monday as it extends the trading range of the past four-days. The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish 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 1.3214 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 1.3401. Second resistance is September's high crossing at 1.3488. First support is the 20-day moving average crossing at 1.3214. Second support is the 50-day moving average crossing at 1.3046. The December Swiss Franc closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 last-week's rally, November's high crossing at 1.1144 is the next upside target. Closes below the 50-day moving average crossing at 1.0961 would signal that a short-term top has been posted. 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 Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 75.90 would confirm that a short-term top has been posted. First resistance is today's high crossing at 77.39. Second resistance is the October-2018 high crossing at 79.05. First support is the 50-day moving average crossing at 75.90. Second support is October's low crossing at 74.70. The December Japanese Yen closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews this month's rally, November's high crossing at 0.0970 is the next upside target. Closes below the 50-day moving average crossing at 0.0954 would signal that a short-term top has been posted. First resistance is the November 18th high crossing at 0.0965. Second resistance is November's high crossing at 0.0970. First support is the 50-day moving average crossing at 0.0954. Second support is November's low crossing at 0.0947.
January crude oil closed lower due to profit taking on Monday as it consolidates some of the rally off November's low. The low-range close sets the stage for a steady to lower opening when Tuesday'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 $41.55 would signal that a short-term top has been posted. First resistance is last-Wednesday'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 $43.35. Second support is the 20-day moving average crossing at $41.55. January heating oil closed lower on Monday as it consolidates some of this month's rally. The low-range close sets the stage for a steady to lower opening when Tuesday'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 20-day moving average crossing at $125.70 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $140.15. 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 $131.56. Second support is the 20-day moving average crossing at $125.70. January unleaded gas closed lower on Monday as it consolidates some of this month's rally. The low-range close sets the stage for a steady to lower opening when Tuesday'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. Closes below the 20-day moving average crossing at $116.09 would signal that a short-term top has been posted. 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. First resistance is last-Friday's high crossing at $128.15. 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 120.18. Second support is the 20-day moving average crossing at $116.09. January Henry natural gas closed higher on Monday. The mid-range close sets the stage for a steady to higher opening when Tuesday'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 2.984 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 2.984. Second resistance is the 50-day moving average crossing at 3.199. 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.
March coffee posted an inside day with a lower close on Monday. The high-range close sets the stage for a steady to slightly lower opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally off November's low, the 75% retracement level of the September-November decline crossing at 12.80 is the next upside target. Closes below the 20-day moving average crossing at 11.46 would confirm that a short-term top has been posted. March cocoa closed higher on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. 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 25.03 would confirm that a short-term top has been posted. March sugar closed lower on Monday as it extends this month's decline. The low-range close set the stage for a steady to lower opening on Tuesday. 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 14.39 would open the door for a larger-degree decline into early-December. If March renews the rally off September's low, weekly resistance crossing at 16.45 is the next upside target. March cotton closed lower on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. 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 71.65 would confirm that a short-term top has been posted. If March resumes the rally off April's low, the July-2018 high crossing at 79.56 is the next upside target.
March Corn closed down $0.07 1/4-cents at $4.26 1/2. March corn posted a key reversal down as it closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night sessions begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $4.22 would confirm that a short-term top has been posted. If March 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 today's high crossing at $4.39 1/2. Second resistance is the June-2016 high crossing at $4.43 1/2 is the next upside target. First support is the 20-day moving average crossing at $4.22. Second support is the 50-day moving average crossing at $4.07. March wheat closed down $0.19 3/4-cents at $5.86 1/4. March wheat closed sharply lower on Monday and posted a new low for the month as it extends the decline off October's high. The low-range close sets the stage for a steady to lower opening when Tuesday'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 March extends the decline off October's high, the 50% retracement level of the June-October-rally crossing at $5.71 is the next downside target. Closes above last-Wednesday's high crossing at $6.16 1/2 would confirm that a short-term low has been posted. 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 the 38% retracement level of the June-November-rally crossing at $5.77 1/2. Second support is the 50% retracement level of the June-October-rally crossing at $5.71. March Kansas City Wheat closed down $0.17 1/4-cents at $5.61 1/2. March Kansas City wheat closed sharply lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $5.46 3/4 would confirm that a short-term top has been posted. Closes above last-Wednesday's high crossing at $5.75 would signal that a short-term low has been posted. First resistance is last-Wednesday's high crossing at $5.75. Second resistance is November's high crossing at $5.86 1/2. First support is the 50-day moving average crossing at $5.46 3/4. Second support is the October 28th low crossing at $5.39. March Minneapolis wheat closed down $0.17-cents at $5.53. March Minneapolis wheat closed sharply lower on Monday as it extended the decline off October's high. The low-range close sets the stage for a steady to lower opening when Tuesday'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 March extends the decline off October's high, the 62% retracement level of the August-October-rally crossing at $5.49 1/2 is the next downside target. Closes above last-Wednesday's high crossing at crossing at $5.73 would signal that a short-term low has been posted. First resistance is November's high crossing at $5.86. Second resistance is October's high crossing at $5.96 3/4. First support is the 62% retracement level of the August-October-rally crossing at $5.49 1/2. Second support is the 75% retracement level of the August-October-rally crossing at $5.39 1/4. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " January soybeans closed down $0.23-cents at $11.68 3/4. January soybeans closed sharply lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 $11.45 would confirm that a short-term top has been posted. First resistance is last-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 20-day moving average crossing at $11.45. Second support is the 50-day moving average crossing at $10.84. March soybean meal closed down $6.20 to $389.00. March soybean meal closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $383.50 would confirm that a short-term top has been posted. If March extends the rally off August's low, monthly resistance crossing at $404.90 is the next upside target. First resistance is last-Wednesday's high crossing at $398.80. Second resistance is monthly resistance crossing at $404.90. First support is the 20-day moving average crossing at $383.50. Second support is the 50-day moving average crossing at $363.00. March soybean oil closed down 88-pts. at 37.31. March soybean oil closed sharply lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 36.46 would signal that a short-term top has been posted. If March resumes the rally off October's low, monthly resistance crossing at 41.25 is the next upside target. First resistance is November's high crossing at 38.60. Second resistance is monthly resistance crossing at 41.25. First support is the 20-day moving average crossing at 36.46. Second support is the 50-day moving average crossing at 34.49.
The Dow closed lower on Monday but equities remain on track for a historic month as investors cheered progress toward vaccines while looking past a continued rise in COVID-19 cases. The low-range close sets the stage for a steady to lower opening when Tuesday'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 November 12th low crossing at 28,902.13 would confirm that a short-term top has been posted. If the Dow extends this year's rally into uncharted territory, upside targets will be hard to project. First resistance is last-Tuesday's high crossing at 30,116.51. Second resistance is unknown. First support is the 20-day moving average crossing at 29,118.85. Second support is the November 12th low crossing at 28,902.13. The December NASDAQ 100 closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday'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. September's high crossing at 12,465.25 is the next upside target. Closes below the 50-day moving average crossing at 11,640.10 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 20-day moving average crossing at 11,897.81. Second support is the 50-day moving average crossing at 11,640.17. The December S&P 500 closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 renews the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 3545.28 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 20-day moving average crossing at 3545.28. Second support is the 50-day moving average crossing at 3445.84.
December T-bonds closed down 9/32's at 173-19. December T-bonds lower on Monday after testing resistance marked by the 50-day moving average crossing at 173-31. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 173-31 would open the door for a possible test of November's high crossing at 175-27. Closes below the 20-day moving average crossing at 172-25 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at 173-31. Second resistance is November's high crossing at 175-27. First support is the 20-day moving average crossing at 172-25. Second support is November's low crossing at 169-16. December T-notes closed down 15-pts. at 138.160. December T-notes closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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, the 50-day moving average crossing at 138.234 is the next upside target. Closes below the 20-day moving average crossing at 138.089 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 138.234. Second resistance is November's high crossing at 139.085. First support is the 20-day moving average crossing at 138.089. Second support is November's low crossing at 137.080.
February hogs closed up $1.38 at $68.63. February hogs closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday'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 November's low crossing at $62.75. Second support is September's crossing at $61.55. February cattle closed down $0.45 at $112.80 February cattle close lower on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends the decline off last-Tuesday's high, the November 20th low crossing at $109.00 is the next downside target. If February extends the rally off November's low, November's high crossing at $115.45 is the next upside target. First resistance is November's high crossing at $115.45. Second resistance is September's high crossing at $116.63. First support is the November 20th low crossing at $109.00. Second support is October's low crossing at $105.53. January Feeder cattle closed up $1.23-cents at $141.05. January Feeder cattle closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If January renews this month's rally, the September 29th high crossing at $142.45 is the next upside target. Closes below the 50-day moving average crossing at $135.58 would signal that a short-term top has been posted. First resistance is November's high crossing at $141.50. Second resistance is September's high crossing at $142.45. First support is the November 20th low crossing at $133.00. Second support is October's low crossing at $124.25.
February gold closed lower on Monday as it extends the decline off August's high. The mid-range close sets the stage for a steady to lower opening when Tuesday'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 $1893.70 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $1844.10. Second resistance is the 20-day moving average crossing at $1874.50. First support is today's low crossing at $1767.20. Second support is the 50% retracement level of the March-August-rally crossing at $1711.10. March silver closed lower on Monday while extending the September-November trading range. The high-range close sets the stage for a steady to higher opening when Tuesday'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. Closes below September's low crossing at 21.930 would open the door for a possible test of the 50% retracement level of the March-August-rally crossing at 21.148. Closes above the 50-day moving average crossing at 24.291 would confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 24.291. Second resistance is November's high crossing at 26.270. First support is today's low crossing at 21.960. Second support is the 50% retracement level of the March-August-rally crossing at 21.148. March copper closed higher on Monday as it extends this year's rally. The mid-range close sets the stage for a steady to higher opening when Tuesday'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, monthly resistance crossing at 361.26 is the next upside target. Closes below the 20-day moving average crossing at 321.83 would signal that a short-term top has been posted. First resistance is today's high crossing at 350.50. Second resistance is monthly resistance crossing at 361.26. First support is the 10-day moving average crossing at 330.22. Second support is the 20-day moving average crossing at 321.83.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | ACB | Aurora Cannabis, Inc | 11.63 | +1.16 | +23.63% | 125,536,035 | +90 |    | Entry Signal | | 2. | FCEL | FuelCell Energy, Inc | 10.195 | +0.505 | +21.77% | 102,499,800 | +100 | | Entry Signal | | 3. | CAAS | China Automotive Systems, Inc | 10.3771 | +6.5471 | +221.19% | 86,767,336 | +100 | | Entry Signal | | 4. | CCL | Carnival Corp | 19.97 | -1.61 | -11.74% | 74,808,633 | +90 | | Entry Signal | | 5. | MRNA | Moderna, Inc. - Common Stock | 152.7400 | +25.7100 | +37.22% | 70,429,602 | +100 | | Entry Signal | | 6. | WORK | Slack Technologies, Inc. | 42.93 | +2.26 | +8.90% | 67,695,641 | +100 | | Entry Signal | | 7. | MARA | Marathon Patent Group, Inc | 6.25 | +1.97 | +88.74% | 66,235,298 | +100 | | Entry Signal | | 8. | BAC | Bank of America Corp | 28.135 | -0.855 | -3.46% | 51,492,006 | +90 | | Entry Signal | | 9. | TLRY | Tilray, Inc | 9.0250 | +0.5250 | +7.93% | 50,649,378 | +90 | | Entry Signal | | 10. | JMIA | Jumia Technologies | 32.04 | -4.85 | -28.10% | 32,897,583 | +90 | | Entry Signal | |
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