S&P -14.49 Dow +37.40 USD +0.107 Dowfut -29 Gold -22.585 Nas -13.12

INO.com  INO Evening Markets Report

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Summary
The Dow Future has slid 29 points to 30084. The US Dollar Index rose 0.107 points to 90.123. Gold is declining 22.585 dollars to 1876.700. Silver is trending lower 0.5450 dollars to 26.1890. The Dow Industrials trended higher 37.40 points, at 30216.45, while the S&P 500 trended lower by 14.49 points, last seen at 3694.92. The Nasdaq Composite fell 13.12 points to 12742.52. Streaming charts of these markets are available at MarketClub

Blog Postings and Videos
ARK Investments ETFs Have Been Top Performers
Monday Dec 21st

Futures Market Continues To Push Higher
Sunday Dec 20th

Irrational Exuberance?
Saturday Dec 19th

 
Currencies Snapshot
Symbol Last Change %
US DOLLAR INDEX 90.123 +0.107 +0.12%
Invesco DB US Dollar Index 24.30 +0.04 +0.16%
US Dollar/Canadian Dollar 1.28585 +0.00161 +0.13%
Euro/US Dollar 1.224440 +0.005445 +0.45%
JAPANESE YEN Jan 2021 0.009687 -0.000001 -0.01%
SWISS FRANC Mar 2021 1.1329 -0.0021 -0.19%
US Dollar/Hong Kong Dollar 7.75280 +0.00023 0.00%
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies"

The March Dollar closed higher on Monday as it consolidates some of the decline off September'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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this year's decline, monthly support crossing at 88.15 is the next downside target. Closes above the 20-day moving average crossing at 90.89 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 90.89. Second resistance is the 50-day moving average crossing at 92.16. First support is last-Thursday's low crossing at 89.64. Second support is monthly support crossing at 88.15.

The March Euro closed lower on Monday as it consolidated some of the rally off March's low. 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 overbought 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 62% retracement level of the 2018-2020-decline crossing at 125.39 is the next upside target. Closes below the 20-day moving average crossing at 121.22 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at 123.04. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at 125.39. First support is the 10-day moving average crossing at 122.02. Second support is the 20-day moving average crossing at 121.22.

The March British Pound 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 and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 50-day moving average crossing at 1.3218 would open the door for additional weakness and a possible test of November's low crossing at 1.2876. First resistance is last-Thursday's high crossing at 1.3643. Second resistance is the February-2019 high crossing at 1.3728. First support is the 50-day moving average crossing at 1.3218. Second support is November's low crossing at 1.2876.

The March Swiss Franc closed slightly lower on Monday as it consolidates some of this month's rally. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this month's rally, the September-2019 high crossing at 1.1408 is the next upside target. Closes below the 20-day moving average crossing at 1.1225 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at 1.1371. Second resistance is the September-2019 high crossing at 1.1408. First support is the 20-day moving average crossing at 1.1225. Second support is the 50-day moving average crossing at 1.1101.

The March Canadian Dollar closed lower 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 have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 77.84 would confirm that a short-term top has been posted. If March extends the rally off October's low, the October-2018 high crossing at 79.09 is the next upside target. First resistance is last-Thursday's high crossing at 78.87. Second resistance is the October-2018 high crossing at 79.09. First support is the 20-day moving average crossing at 77.84. Second support is the 50-day moving average crossing at 76.81.

The March Japanese Yen closed unchanged on Monday as it consolidates below the 75% retracement level of March's decline crossing at 0.0971. 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 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 0.0963 would signal that a short-term top has been posted. If March extends the rally off November's low, the 87% retracement level of March's decline crossing at 0.0981 is the next upside target. First resistance is last-Thursday's high crossing at 0.0974. Second resistance is the 87% retracement level of March's decline crossing at 0.0981. First support is the 20-day moving average crossing at 0.0963. Second support is the 50-day moving average crossing at 0.0959.



 
Energy Snapshot
Symbol Last Change %
CRUDE OIL Jan 2021 47.79 -1.31 -3.32%
NY HARBOR ULSD HEATING OIL Jan 2021 1.4726 -0.0404 -3.42%
NATURAL GAS Jan 2021 2.700 0.000 0.00%
RBOB GASOLINE Jan 2021 1.3520 -0.0436 -3.96%
Invesco DWA Energy Momentum ETF 17.8329 -0.0007 -0.01%
United States Gasoline 23.2278 -0.6722 -3.62%

ENERGIES

February crude oil closed lower on Monday as it consolidated some the rally off November's low. The mid-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 February extends the rally off November's low, the 62% retracement level of the 2018-2020-decline crossing at $52.41 is the next upside target. Closes below the 20-day moving average crossing at $46.35 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $49.43. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at $52.41. First support is the 20-day moving average crossing at $46.35. Second support is December's low crossing at $44.10.

February heating oil closed lower on Monday as it consolidated some of the rally off November's low. The mid-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 February extends the rally off November's low, the 38% retracement level of the 2018-2020-decline crossing at $152.86 is the next upside target. Closes below the 20-day moving average crossing at $141.92 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $151.88. Second resistance is the 38% retracement level of the 2018-2020-decline crossing at $152.86. First support is the 20-day moving average crossing at $141.92. Second support is December's low crossing at $134.29.

February unleaded gas closed lower on Friday as it consolidated some of the rally off November's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends the rally off November's low, the 62% retracement level of the 2018-2020-decline crossing at $152.11 is the next upside target. Closes below the 20-day moving average crossing at $129.33 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $139.69. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at $152.11. First support is the 20-day moving average crossing at 126.33. Second support is the 50-day moving average crossing at $119.84.

February Henry natural gas closed slightly lower on Monday as it extends last-week's 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 neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at 2.682 are needed to confirm that a short-term low has been posted. If February renews the decline off November's high, weekly support crossing at 2.179 is the next downside target. First resistance is the 20-day moving average crossing at 2.682. Second resistance is the 38% retracement level of the October-December-decline crossing at 2.797. First support is December's low crossing at 2.393. Second support is weekly support crossing at 2.179.



 
Food Snapshot
Symbol Last Change %
COFFEE MARCH 2021 123.50 -1.75 -1.40%
SUGAR #11 WORLD MARCH 2021 14.58 +0.14 +0.97%
SUGAR #16 MARCH 2021 28.20 -0.15 -0.53%
ORANGE JUICE - A JANUARY 2021 118.60 +1.40 +1.19%
IPATH SER B BLOOMBERG SUGAR SUBINDEX TOTAL RETURN 43.1300 -0.1386 -0.31%
IPATH SER B BLOOMBERG SOFTS SUBINDEX TOTAL RETURN 41.520 +0.505 +1.30%

FOOD & FIBER

March coffee closed higher on Monday as it consolidates some of the rally off November's low. The mid-range close sets the stage for a steady to higher opening on Tuesday. 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 12.11 are needed to confirm that a short-term top has been posted. If March extends the rally off November's low, the 87% retracement level of the September-November decline crossing at 13.17 is the next upside target.

March cocoa posted a key reversal up as it closed higher on Monday as it consolidates some of the decline off November's high. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but are poised to turn neutral to bullish with additional strength that would signal that a low might be in or is near. Closes above the 20-day moving average crossing at 26.31 would signal that a short-term low has been posted. Closes below the 50-day moving average crossing at 24.99 would open the door for a larger-degree decline.

March sugar closed higher on Monday. The high-range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 15.07 would confirm that a short-term low has been posted. If March extends the decline off November's high, the October 30th low crossing at 13.94 is the next downside target.

March cotton closed sharply lower on Monday as it consolidates some of this year's rally. The low-range close sets the stage for a steady to lower 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 the rally off April's low, the July-2018 high crossing at 79.56 is the next upside target. Closes below the 20-day moving average crossing at 73.59 would confirm that a short-term top has been posted.



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Grains Snapshot
Symbol Last Change %
CORN Mar 2021 440.00 +2.50 +0.61%
OATS Mar 2021 337.50 -0.25 -0.08%
WHEAT Mar 2021 611.25 +3.00 +0.49%
Teucrium Corn Fund ETV 14.51 +0.08 +0.59%
IPATH SER B BLOOMBERG GRAINS SUBINDEX TOTAL RETURN 51.0227 +0.2424 +0.51%
ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Grains Total Return 3.3400 +0.0705 +2.21%
SOYBEANS Jan 2021 1243.00 +23.00 +2.12%
SOYBEAN (MINI) Jan 2021 1238.625 +18.625 +1.72%
SOYBEAN MEAL Jan 2021 412.3 +6.8 +1.79%
Teucrium Soybean Fund ETV 18.7800 +0.2900 +1.78%

GRAINS

March Corn closed up $0.02 1/2-cents at $4.40.

March corn closed higher on Monday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening when Tuesday's night sessions begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. 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. Closes below the 50-day moving average crossing at $4.19 1/4 would signal that a short-term top has been posted. First resistance is the June-2016 high crossing at $4.43 1/2. Second resistance is the June-2019 high on the weekly chart crossing at $4.64 1/4. First support is the December 2nd low crossing at $4.14 1/2. Second support is the October 29th low crossing at $3.96.

March wheat closed up $0.03-cents at $6.11 1/4.

March wheat 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off last-Monday's low, November's high crossing at $6.28 3/4 is the next upside target. Closes below the 20-day moving average crossing at $5.95 1/4 would signal that a short-term top has been posted. First resistance is the November 25th high crossing at $6.22 3/4. Second resistance is November's high crossing at $6.28 3/4. 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 up $0.05 1/4-cents at $5.74 1/2.

March Kansas City wheat closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March resumes this month's rally, the 87% retracement level of the 2018-2020 decline crossing at $6.12 is the next upside target. Closes below the 20-day moving average crossing at $5.58 would signal that a short-term top has been posted. First resistance is the 75% retracement level of the 2018-2020 decline crossing at crossing at $5.87 1/4. Second resistance is the 87% retracement level of the 2018-2020 decline crossing at $6.12. First support is the 20-day moving average crossing at $5.58. Second support is December's low crossing at $5.30 3/4.

March Minneapolis wheat closed up $0.01 3/4-cents at $5.70 1/4.

March Minneapolis wheat 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. If March extends last-week's rally, November's high crossing at $5.86 is the next upside target. Closes below the 20-day moving average crossing at crossing at $5.59 1/4 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at crossing at $5.74. Second resistance is November's high crossing at $5.86. First support is the 20-day moving average crossing at crossing at $5.59 1/4. Second support is December's low crossing at $5.42 1/2.

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March soybeans closed up $0.23 1/2-cents at $12.47 1/2.

March soybeans closed higher on Monday as it extends the rally off last-March's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally, the 50% retracement level of the 2012-2019-decline on the monthly chart crossing at $12.89 1/2 is the next upside target. Closes below the 20-day moving average crossing at $11.81 would signal that a short-term top has been posted while opening the door for a possible test of the 50-day moving average crossing at $11.25 1/2. First resistance is today's high crossing at $12.48 3/4. Second resistance is the 50% retracement level of the 2012-2019-decline on the monthly chart crossing at $12.89 1/2. First support is the 20-day moving average crossing at $11.81. Second support is the 50-day moving average crossing at $11.25 1/2.

March soybean meal closed up $7.00 to $412.30.

March soybean meal closed higher on Monday as it extends the rally off August's low. 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. If March renews the rally off August's low, monthly resistance crossing at $432.50 is the next upside target. Closes below the 50-day moving average crossing at $377.60 would confirm that a short-term top has been posted. First resistance is today's high crossing at $412.70. Second resistance is monthly resistance crossing at $432.50. First support is the 20-day moving average crossing at $389.80. Second support is the 50-day moving average crossing at $377.60.

March soybean oil closed down 18-pts. at 39.49.

March soybean oil closed lower 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off October's low, monthly resistance crossing at 41.25 is the next upside target. Closes below the 20-day moving average crossing at 38.10 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 39.86. Second resistance is monthly resistance crossing at 41.25. First support is the 20-day moving average crossing at 38.10. Second support is the 50-day moving average crossing at 36.03.



 
Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 30216.45 +37.40 +0.14%
NASDAQ Composite 12742.52 -13.12 -0.12%
S&P 500 3694.92 -14.49 -0.43%
SPDR S&P 500 367.89 -1.29 -0.38%
iShares Russell 2000 ETF 195.37 +0.03 +0.02%

U.S. STOCK INDEXES

The Dow posted an upside reversal as it closed higher on Monday while extending this month's 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 overbought, diverging but remain 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 20-day moving average crossing at 30,013.57 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at 30,343.59. Second resistance is unknown. First support is the 20-day moving average crossing at 30,013.57. Second support is the November 12th low crossing at 28,902.13.

The March NASDAQ 100 closed lower on Monday as it consolidates some of the rally off September's low. The high-range close sets the stage for a steady to slightly 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 September's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 12,445.01 are needed to confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 12,789.75. Second resistance is unknown. First support is the 20-day moving average crossing at 12,445.01. Second support is the 50-day moving average crossing at 12,014.39.

The March S&P 500 closed lower 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 3656.98 would confirm that a short-term top has been posted. If March extends the rally off November's low into uncharted territory, upside targets will be hard to project. First resistance is last-Friday's high crossing at 3720.00. Second resistance is unknown. First support is the 20-day moving average crossing at 3656.98. Second support is the 50-day moving average crossing at 3538.19.



 
Interest Snapshot
Symbol Last Change %
T-BONDS Dec 2020 171.53125 +0.34375 +0.20%
iShares Floating Rate Bond ETF 50.720 +0.004 +0.01%
5 YEAR T-NOTES Dec 2020 125.726563 +0.031250 +0.02%
ULTRA T-BONDS Dec 2020 213.96875 +0.93750 +0.43%
Invesco Senior Loan Portf 22.13000 -0.05503 -0.25%

INTEREST RATES

March T-bonds closed up 17/32's at 172-21.

March T-bonds closed 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 bearish signaling that sideways to lower prices are possible near-term. If March resumes the decline off the November 20th high, November's low crossing at 170-22 is the next downside target. Closes above the 50-day moving average crossing at 174-01 would confirm that a low has been posted while opening the door for a possible test of November's high crossing at 177-06. First resistance is the 50-day moving average crossing at 174-01. Second resistance is November's high crossing at 177-06. First support is the December 4th low crossing at 171-04. Second support is November's low crossing at 170-22.

March T-notes closed up 25-pts. at 137.265.

March T-notes closed 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 bearish signaling that sideways to lower prices are possible near-term. Closes below last-Wednesday's low crossing at 137.195 would temper the near-term friendly outlook. Closes above the reaction high crossing at 138.070 would open the door for a possible test of November's high crossing at 138.300. First resistance is the reaction high crossing at 138.070. Second resistance is November's high crossing at 138.300. First support is the December 4th low crossing at 137.075. Second support is November's low crossing at 136.265.



 
Livestock Snapshot
Symbol Last Change %
FEEDER CATTLE Jan 2021 140.550 +0.100 +0.07%
LEAN HOGS Feb 2021 66.0 +0.2 +0.30%
LIVE CATTLE Dec 2020 110.400 -0.075 -0.07%
IPATH SER B BLOOMBERG LIVESTOCK SUBINDEX TOTAL RETURN 34.0200 -0.0104 -0.03%

LIVESTOCK

February hogs closed up $0.20 at $66.00.

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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $66.90 would confirm that a short-term low has been posted. If February resumes this month's decline, November's low crossing at $62.75 is the next downside target. First resistance is the 20-day moving average crossing at $66.40. Second resistance is the 50-day moving average crossing at $66.90. First support is November's low crossing at $62.75. Second support is September's crossing at $61.55.

February cattle closed down $0.60 at $114.25

February cattle closed lower on Monday as it consolidates some of the rally off December's low. The low-range close sets the stage for a steady to lower 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 February extends this week's rally, November's high crossing at $115.45 is the next upside target. Closes below the 50-day moving average crossing at $111.88 would signal that a short-term top has been posted. If First resistance is today's high crossing at $115.20. Second resistance is November's high crossing at $115.45. First support is the December 8th low crossing at $110.55. Second support is the November 20th low crossing at $109.00.

March Feeder cattle closed up $0.70 at $143.00.

March Feeder cattle closed higher on Monday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off October's low, August's high crossing at $145.30 is the next upside target. Closes below the 20-day moving average crossing at $140.03 would signal that a short-term top has been posted. First resistance is today's high crossing at $143.38. Second resistance is August's high crossing at $145.30. First support is the 20-day moving average crossing at $140.03. Second support is the December 7th low crossing at $137.25.



 
Metals Snapshot
Symbol Last Change %
GOLD Dec 2020 1877.6 -8.1 -0.43%
SPDR Gold Trust 175.904 -0.536 -0.30%
SILVER Dec 2020 26.325 +0.376 +1.57%
PALLADIUM Dec 2020 2304.5 -56.4 -2.46%
Direxion Daily Gold Miners Index Bear 2X Shares 19.64 +0.02 +0.11%
Invesco DB Precious Metals Fund 52.2700 +0.1500 +0.29%

PRECIOUS METALS

February gold posted a key reversal down and 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 overbought but remain 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 $1973.30 is the next upside target. Closes below the 20-day moving average crossing at $1843.00 would signal that a short-term top has been posted. First resistance is the November 16th high crossing at $1904.30. Second resistance is November's high crossing at $1973.30. First support is last-Monday's low crossing at $1820.00. Second support is November's low crossing at $1767.20.

March silver closed higher on Monday as it extended the rally off November's low. 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. Today's close above November's high crossing at 26.270 opens the door for a possible test of the September 15th high crossing at 28.015. Closes below the reaction low crossing at 23.630 would signal that a short-term top has been posted. First resistance is today's high crossing at 27.635. Second resistance is the September 15th high crossing at 28.015. First support is the reaction low crossing at 23.630. Second support is November's low crossing at 21.960.

March copper 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 March extends the rally off March's low, monthly resistance crossing at 379.25 is the next upside target. Closes below the 20-day moving average crossing at 349.59 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at 364.46. Second resistance is monthly resistance crossing at 379.25. First support is the 20-day moving average crossing at 349.59. Second support is the 50-day moving average crossing at 327.78.



 
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6. QBZ.J21 BRENT CRUDE OIL LAST DAY APRIL 2021 50.99 -1.26 -2.41% 8,268 +100    Entry Signal
7. QCL.U21 CRUDE OIL SEPTEMBER 2021 47.56 -1.33 -2.72% 6,876 +90    Entry Signal
8. QCL.M21 CRUDE OIL Jun 2021 47.98 -1.35 -2.74% 6,604 +90    Entry Signal
9. QRB.J21 RBOB GASOLINE Apr 2021 1.4635 -0.0570 -3.75% 6,570 +90    Entry Signal
10. RP.H21 EURO/BRITISH POUND Mar 2021 0.9103 +0.0024 +0.26% 5,126 +100    Entry Signal

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