Summary
The Dow Future is declining 81 points to 29669. The US Dollar Index advanced 0.171 points to 91.484. Gold is up 11.955 dollars to 1821.435. Silver has climbed 0.2505 dollars to 23.9350. The Dow Industrials advanced 185.28 points, at 29823.92, while the S&P 500 rose 40.82 points, last seen at 3662.45. The Nasdaq Composite advanced 156.37 points to 12355.11. 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 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 lower on Tuesday and posted a new contract low as it extended this year's decline. The low-range close sets the stage for a steady to lower opening when Wednesday'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. Today's close below September's low crossing at 91.75 marks a downside breakout of the August-December trading range thereby renewing this year's decline. Closes above the 20-day moving average crossing at 92.41 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 92.41. Second resistance is the 50-day moving average crossing at 93.13. First support is today's low crossing at 91.25. Second support is monthly support crossing at 90.21. The December Euro closed higher on Tuesday as it extended the rally off November's low to a new high for the year. 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 December extends the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at 121.46 is the next upside target. Closes below the 50-day moving average crossing at crossing at 117.99 would signal that a short-term top has been posted. First resistance is today's high crossing at 120.59. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at 121.46. First support is the 10-day moving average crossing at 119.07. Second support is the 20-day moving average crossing at 118.60. The December British Pound closed higher on Tuesday as it renewed the rally off September's low. 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.3238 would confirm that a short-term top has been posted. If December extends the aforementioned rally, September's high crossing at 1.3488 is the next upside target. First resistance is today's high crossing at 1.3446. Second resistance is September's high crossing at 1.3488. First support is the 20-day moving average crossing at 1.3238. Second support is the 50-day moving average crossing at 1.3058. The December Swiss Franc closed higher 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends today's rally, November's high crossing at 1.1144 is the next upside target. Closes below the 50-day moving average crossing at 1.0964 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 higher 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 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 75.93 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 77.39. Second resistance is the October-2018 high crossing at 79.05. First support is the 20-day moving average crossing at 76.57. Second support is the 50-day moving average crossing at 75.93. The December Japanese Yen closed slightly lower on Tuesday. The mid-range close sets the stage for a steady to lower opening when Wednesday'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 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 Tuesday as it appears to be forming a small bull flag. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins. 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 $41.91 would signal that a short-term top has been posted. If January renews the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at $47.20 is the next upside target. 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 $43.65. Second support is the 20-day moving average crossing at $41.91. January heating oil closed lower on Tuesday as it consolidates some of this month's rally. The low-range close sets the stage for a steady to lower opening when Wednesday's night trading session begins. 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 $126.82 would signal that a short-term top has been posted. If January resumes the rally off November's low, the 38% retracement level of the 2018-2020-decline crossing at $150.97 is the next upside target. 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 $132.62. Second support is the 20-day moving average crossing at $126.82. January unleaded gas closed lower on Tuesday as it consolidates some of this month's rally. The low-range close sets the stage for a steady to lower opening when Wednesday'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 $116.91 would signal that a short-term top has been posted. If January resumes 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 120.85. Second support is the 20-day moving average crossing at $116.91. January Henry natural gas closed lower on Tuesday. The mid-range close sets the stage for a steady to lower opening when Wednesday'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 2.963 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 2.963. Second resistance is the 50-day moving average crossing at 3.191. 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 closed sharply lower on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends 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 11.53 would confirm that a short-term top has been posted. March cocoa closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. 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 25.24 would confirm that a short-term top has been posted. If March extends the rally off November's low, monthly resistance crossing at 29.98 is the next upside target. March sugar closed unchanged on Tuesday as it consolidates some of the decline off November's high. The low-range close set 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 50-day moving average crossing at 14.42 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 slightly higher on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. 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 71.78 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 $0.05 3/4-cents at $4.20 1/4. March corn closed lower on Tuesday confirming yesterday's key reversal down and closed below the 20-day moving average crossing at $4.23. The low-range close sets the stage for a steady to lower opening when Wednesday's night sessions begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 50-day moving average crossing at $4.07 3/4 is the next downside target. If March resumes 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 $4.39 1/2. Second resistance is the June-2016 high crossing at $4.43 1/2 is the next upside target. First support is today's low crossing at $4.20 1/4. Second support is the 50-day moving average crossing at $4.07 3/4. March wheat closed down $0.07-cents at $5.78. March wheat closed lower on Tuesday as it extends the decline off October's high. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are 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 50% retracement level of the June-November-rally crossing at $5.71. Second support is the 62% retracement level of the June-October-rally crossing at $5.55. March Kansas City Wheat closed down $0.07 1/2-cents at $5.39 1/2. March Kansas City wheat closed lower on Tuesday and below the 50-day moving average crossing at $5.47 1/2 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 38% retracement level of the August-November-rally crossing at $5.27 3/4 is the next downside target. Closes above last-Wednesday's high crossing at $5.75 would confirm 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 today's low crossing at $5.36 3/4. Second support is the 38% retracement level of the August-Nov.-rally crossing at $5.27 3/4. March Minneapolis wheat closed down $0.03 3/4-cents at $5.49 1/4. March Minneapolis wheat closed lower on Tuesday as it extends the decline off October's high. The low-range close sets the stage for a steady to lower opening when Wednesday'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 75% retracement level of the August-October-rally crossing at $5.39 1/4 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 $0.05-cents at $11.63 1/2. January soybeans closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at $11.50 1/2 would confirm that a short-term top has been posted. If January renews the rally off August's low, monthly resistance marked by the June-2016 high crossing at $12.08 1/2 is the next upside target. 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 $11.50 1/2. Second support is the 50-day moving average crossing at $10.86 3/4. March soybean meal closed down $0.40 to $388.80. March soybean meal closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $385.00 would confirm that a short-term top has been posted. If March renews 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 $385.00. Second support is the 50-day moving average crossing at $364.10. March soybean oil closed down 38-pts. at 36.89. March soybean oil closed lower for the second day in a row on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday'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 36.65 would confirm 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 36.65. Second support is the 50-day moving average crossing at 34.54.
The Dow closed higher on Tuesday erasing much of Monday's loss. Today's rally was underpinned by signs that movement towards a new coronavirus aid package may be making progress in Congress. Stocks are poised to extend a historic November rally that was underpinned by optimism over progress toward a COVID-19 vaccine to stem its spread across the world. The low-range close sets the stage for a steady to slightly higher opening when Wednesday's night session begins trading. Stochastics and the RSI are overbought, diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends 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 last-Tuesday's high crossing at 30,116.51. Second resistance is unknown. First support is the 20-day moving average crossing at 29,268.98. Second support is the November 12th low crossing at 28,902.13. The December NASDAQ 100 closed sharply higher on Tuesday as it spiked to a new contract high. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends 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 11,970.30 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 12,512.25. Second resistance is unknown. First support is the 20-day moving average crossing at 11,970.30. Second support is the 50-day moving average crossing at 11,671.88. The December S&P 500 closed higher 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, diverging 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 3544.84 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 3544.84. Second support is the 50-day moving average crossing at 3445.66.
March T-bonds closed down 2-01/32's at 172-28. March T-bonds closed sharply lower on Tuesday and below the 20-day moving average crossing at 173-31 signaling that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Wednesday'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 today's decline, November's low crossing at 170-22 is the next downside target. Closes above the 50-day moving average crossing at 175-08 would open the door for a possible test of November's high crossing at 177-06. First resistance is the 50-day moving average crossing at 175-08. Second resistance is November's high crossing at 177-06. First support is today's low crossing at 172-16. Second support is November's low crossing at 170-22. March T-notes closed down 195-pts. at 137.180. March T-notes closed sharply lower on Tuesday and below the 20-day moving average crossing at 137.277 confirms that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Wednesday'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 today's rally, November's low crossing at 136.265 is the next downside target. If March renews the rally off November's low, the 50-day moving average crossing at 138.115 is the next upside target. First resistance is the 50-day moving average crossing at 138.115. Second resistance is November's high crossing at 138.300. First support is today's low crossing at 137.130. Second support is November's low crossing at 136.265.
February hogs closed up $0.30 at $68.88. February hogs closed higher on Tuesday. The mid-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. Today's close above the November 6th high crossing at $68.83 signals that a short-term low has been posted. If February extends the rally off November's low October's high crossing at $72.80 is the next upside target. Closes below the 20-day moving average crossing at $66.51 would signal that a short-term top has been posted. First resistance is today's high crossing at $69.60. 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 up $0.35 at $113.23 February cattle close higher on Tuesday. The mid-range close sets the stage for a steady to higher opening on Wednesday. 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 renews 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 $0.90-cents at $141.95. January Feeder cattle closed higher on Tuesday as it renewed the rally off October's low. The mid-range close sets the stage for a steady to slightly higher opening when Wednesday's 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 January extends the rally off October's low, August's high crossing at $147.38 is the next upside target. Closes below the 50-day moving average crossing at $135.60 would signal that a short-term top has been posted. First resistance is today's high crossing at $143.48. Second resistance is August's high crossing at $147.38. First support is the November 20th low crossing at $133.00. Second support is October's low crossing at $124.25.
February gold closed sharply higher due to short covering on Tuesday as it consolidates some of the decline off August's high. 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 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 $1891.50 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $1836.20. Second resistance is the 20-day moving average crossing at $1870.10. First support is Monday'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 higher due to short covering on Tuesday as it rebounded off trading range support marked by September's low crossing at 21.930. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 24.274 would confirm that a short-term low has been posted. 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. First resistance is the 50-day moving average crossing at 24.274. Second resistance is November's high crossing at 26.270. First support is September's low crossing at 21.930. Second support is the 50% retracement level of the March-August-rally crossing at 21.148. March copper closed higher on Tuesday as it extends this year's rally. 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 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 323.88 would signal that a short-term top has been posted. First resistance is today's high crossing at 352.15. Second resistance is monthly resistance crossing at 361.26. First support is the 10-day moving average crossing at 332.91. Second support is the 20-day moving average crossing at 323.88.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | BB | BlackBerry Ltd | 7.00 | +1.13 | +24.20% | 326,522,601 | +90 |    | Entry Signal | | 2. | EARS | Auris Medical Holding AG | 5.1555 | +4.0455 | +493.35% | 299,745,096 | +90 | | Entry Signal | | 3. | MRNA | Moderna, Inc. - Common Stock | 141.01 | -11.73 | -16.98% | 124,346,783 | +100 | | Entry Signal | | 4. | ACB | Aurora Cannabis, Inc | 9.760 | -1.920 | -39.10% | 76,891,841 | +90 | | Entry Signal | | 5. | ITUB | Itau Unibanco Banco Holding SA ADS | 5.730000 | +0.382769 | +9.18% | 58,586,840 | +90 | | Entry Signal | | 6. | FCEL | FuelCell Energy, Inc | 9.045 | -1.155 | -49.78% | 54,949,644 | +90 | | Entry Signal | | 7. | CCL | Carnival Corp | 20.15 | +0.17 | +1.24% | 47,731,424 | +90 | | Entry Signal | | 8. | CAAS | China Automotive Systems, Inc | 8.6500 | -1.8500 | -62.50% | 45,393,265 | +90 | | Entry Signal | | 9. | BAC | Bank of America Corp | 28.708 | +0.548 | +2.22% | 40,069,185 | +90 | | Entry Signal | | 10. | MARA | Marathon Patent Group, Inc | 6.195 | -0.085 | -3.83% | 35,404,622 | +100 | | Entry Signal | | | | | Top Futures | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | HE.G21 | LEAN HOGS Feb 2021 | 68.800 | +0.175 | +0.26% | 15,478 | +100 | | Entry Signal | | 2. | HE.J21 | LEAN HOGS Apr 2021 | 71.375 | +0.075 | +0.11% | 8,410 | +100 | | Entry Signal | | 3. | GF.F21 | FEEDER CATTLE Jan 2021 | 141.950 | +0.900 | +0.66% | 6,602 | +100 | | Entry Signal | | 4. | HE.Z20 | LEAN HOGS Dec 2020 | 66.800 | -0.875 | -1.32% | 5,940 | +100 | | Entry Signal | | 5. | GF.H21 | FEEDER CATTLE Mar 2021 | 141.000 | +1.075 | +0.80% | 3,993 | +100 | | Entry Signal | | 6. | LE.Q21 | LIVE CATTLE Aug 2021 | 111.525 | +0.400 | +0.37% | 2,978 | +100 | | Entry Signal | | 7. | RP.Z20 | EURO/BRITISH POUND Dec 2020 | 0.90500 | +0.00530 | +0.59% | 2,059 | +100 | | Entry Signal | | 8. | GF.J21 | FEEDER CATTLE Apr 2021 | 142.175 | +0.900 | +0.66% | 1,774 | +100 | | Entry Signal | | 9. | GF.K21 | FEEDER CATTLE May 2021 | 142.850 | +0.950 | +0.69% | 1,477 | +100 | | Entry Signal | | 10. | QCL.N21 | CRUDE OIL Jul 2021 | 44.87 | -0.13 | -0.29% | 1,658 | +100 | | Entry Signal | |
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