Summary
The Dow Future has climbed 113 points to 31038. The US Dollar Index moved higher by 0.246 points to 90.072. Gold has slipped 59.850 dollars to 1849.750. Silver has retreated 1.6050 dollars to 25.4360. The Dow Industrials moved higher by 56.84 points, at 31097.97, while the S&P 500 rose 20.89 points, last seen at 3824.68. The Nasdaq Composite edged higher by 134.50 points to 13201.98. Streaming charts of these markets are available at MarketClub
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The March Dollar closed higher on Friday due to short covering as it consolidates some of the decline off September's high 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the December 21st high crossing at 90.95 would signal that a short-term low has been posted. If March extends the decline off September's high, monthly support crossing at 88.15 is the next downside target. First resistance is the 20-day moving average crossing at 90.08. Second resistance is the December 21st reaction high crossing at 90.95. First support is Wednesday's low crossing at 89.16. Second support is monthly support crossing at 88.15. The March Euro closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday'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 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 December 21st low crossing at 121.58 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at 123.68. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at 125.39. First support is the December 21st low crossing at 121.58. Second support is the December 9th low crossing at 120.90. The March British Pound closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1.3508 would open the door for additional weakness and a possible test of the 50-day moving average crossing at 1.3347. If March extends the rally off May's low, the February-2019 crossing at 1.3728 is the next upside target. First resistance is Monday's high crossing at 1.3710. Second resistance is the February-2019 high crossing at 1.3728. First support is the 20-day moving average crossing at 1.3508. Second support is the 50-day moving average crossing at 1.3347. The March Swiss Franc closed lower on Friday. 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 bearish signaling that sideways to lower prices are possible near-term. Multiple closes below last-Monday's low crossing at 1.1241 would signal that a short-term top has been posted. If March extends the rally off September's low, the 75% retracement level of the 2018-2020-decline crossing at 1.1540 is the next upside target. First resistance is Wednesday's high crossing at 1.1441. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at 1.1540. First support is last-Monday's low crossing at 1.1241. Second support is the 50-day moving average crossing at 1.1170. The March Canadian Dollar closed lower on Friday as it consolidates some of the rally off December's low. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are overbought, diverging 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 77.36 would confirm that a short-term top has been posted. If March extends the rally off October's low, the 87% retracement level of the 2018-2020-decline crossing at 80.50 is the next upside target. First resistance is Wednesday's high crossing at 79.19. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at 80.50. First support is the 50-day moving average crossing at 77.36. Second support is the November 13th low crossing at 75.96. The March Japanese Yen closed lower for the third day in a row on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 0.0963 would confirm 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 Wednesday's high crossing at 0.0975. Second resistance is the 87% retracement level of March's decline crossing at 0.0981. First support is the 50-day moving average crossing at 0.0963. Second support is December's low crossing at 0.0956.
March crude oil closed higher on Friday as it extends the rally off November's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to lower prices are possible near-term. If March extends the rally off November's low, the 75% retracement level of the 2018-2020-decline crossing at $57.64 is the next upside target. Closes below Monday's low crossing at $47.31 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the 2018-2020-decline crossing at $52.32. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at $57.64. First support is the December 23rd low crossing at $46.30. Second support is the 50-day moving average crossing at $44.93. March heating oil closed higher on Friday as it extends the rally off November's low. The high-range close sets the stage for a steady to higher opening when Monday's night trading session begins. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at $168.80 is the next upside target. Closes below Monday's low crossing at $145.40 would signal that a short-term top has been posted. First resistance is today's high crossing at $158.21. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at $168.80. First support is the December 21st low crossing at $143.30. Second support is the 50-day moving average crossing at $136.88. March unleaded gas closed higher on Friday as it extends the rally off November's low. 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 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 75% retracement level of the 2018-2020-decline crossing at $170.66 is the next upside target. Closes below the 20-day moving average crossing at $139.36 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the 2018-2020-decline crossing at $153.51. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at $170.66. First support is the 20-day moving average crossing at 139.36. Second support is the December 21st low crossing at $131.52. March Henry natural gas closed slightly 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 extends the rally off December's low, the 50-day moving average crossing at 2.746 is the next upside target. Closes below the 10-day moving average crossing at 2.551 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at 2.746. Second resistance is the November 30th high crossing at 2.910. First support is the 10-day moving average crossing at 2.551. Second support is December's low crossing at 2.268.
March coffee posted a key reversal up with today's higher close as it consolidates some of the decline off Monday's high. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are oversold and are poised to turn neutral to bullish with additional strength. Closes above the 10-day moving average crossing at 12.45 would signal that a short-term low has been posted. If March extends this week's decline, the 50-day moving average crossing at 11.86 is the next downside target. March cocoa closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off November's high, the November 16th gap crossing at 23.95. Closes above Monday's high crossing at 26.61 would signal that a short-term low has been posted. March sugar closed unchanged on Friday as it consolidates some of the rally off December's low. The low-range close set the stage for a steady to lower opening on Monday. 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 15.00 would signal that a short-term top has been posted. If March extends the rally off December's low, weekly resistance crossing at 17.23 is the next upside target. March cotton closed slightly higher on Friday. The low-range close sets the stage for a steady to lower opening on Monday. 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, monthly resistance crossing at 84.47 is the next upside target. Closes below the 20-day moving average crossing at 76.94 would confirm that a short-term top has been posted.
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March Corn closed up $0.02 1/4-cents at $4.96 1/4. March corn closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night sessions 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 April's low, the 38% retracement level of the 2012-2020-decline on the monthly continuation chart crossing at $5.08 is the next upside target. Closes below the 20-day moving average crossing at $4.56 would signal that a short-term top has been posted. First resistance is the 38% retracement level of the 2012-2020-decline on the monthly continuation chart crossing at $5.08. Second resistance is the May-2014 high on the monthly continuation chart crossing at $5.22 3/4. First support is the 10-day moving average crossing at $4.79 3/4. Second support is the 20-day moving average crossing at $4.56. March wheat closed down $0.03 1/2-cents at $6.38 3/4. March wheat closed lower on Friday as it consolidated some of the rally off December's high. The low-range close sets the stage for a steady to lower opening when Monday'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 $6.22 3/4 would signal that a short-term top has been posted. If March extends the rally off December's low, the 50% retracement level of the 2012-2016-decline on the monthly continuation chart crossing at $6.67 3/4 is the next upside target. First resistance is Tuesday's high crossing at $6.64 1/2. Second resistance is the 50% retracement level of the 2012-2016-decline on the monthly continuation chart crossing at $6.67 3/4. First support is the 10-day moving average crossing at $6.36 3/4. Second support is the 20-day moving average crossing at $6.22 3/4. March Kansas City Wheat closed down $0.03 3/4-cents at $5.94 3/4. March Kansas City wheat closed lower on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $5.84 would signal that a short-term top has been posted. If March extends this winter's rally, the October-2018 high crossing at $6.38 1/2 is the next upside target. First resistance is Tuesday's high crossing at $6.16 1/2. Second resistance is the October-2018 high crossing at $6.38 1/2. First support is the 20-day moving average crossing at $5.84. Second support is the 50-day moving average crossing at $5.67 1/2. March Minneapolis wheat closed up $0.04 1/2-cents at $6.07 3/4. March Minneapolis wheat closed higher on Friday and posted a key reversal up. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible. If March extends the rally off December's low, the June-2019 high crossing at $6.19 is the next upside target. Closes below the 20-day moving average crossing at crossing at $5.81 1/4 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at crossing at $6.13 3/4. Second resistance is the June-2019 high crossing at $6.19. First support is the 10-day moving average crossing at crossing at $5.95 3/4. Second support is the 20-day moving average crossing at $5.81 1/4. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " March soybeans closed up $0.19 1/2-cents at $13.74 3/4. March soybeans closed higher on Friday as it extends the rally off last-March's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally, the 62% retracement level of the 2012-2019-decline on the monthly continuation chart crossing at $14.07 1/2 is the next upside target. Closes below the 20-day moving average crossing at $12.62 1/2 would signal that a short-term top has been posted. First resistance is today's high crossing at $13.86. Second resistance is the 62% retracement level of the 2012-2019-decline on the monthly chart crossing at $14.07 1/2. First support is the 10-day moving average crossing at $13.18 1/2. Second support is the 20-day moving average crossing at $12.62 1/2. March soybean meal closed up $7.40 to $439.60. March soybean meal closed higher on Friday as it extends the rally off August's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off August's low, monthly resistance crossing at $478.40 is the next upside target. Closes below the 20-day moving average crossing at $412.50 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at $444.10. Second resistance is monthly resistance crossing at $478.40. First support is the 10-day moving average crossing at $427.70. Second support is the 20-day moving average crossing at $412.50. March soybean oil closed down 20-pts. at 43.59. March soybean oil closed lower on Friday as it consolidates some of the rally off last-April's low. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off October's low, the March-2014 high on the monthly continuation chart crossing at 45.05 is the next upside target. Closes below the 20-day moving average crossing at 40.84 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 44.69. Second resistance is the March-2014 high on the monthly continuation chart crossing at 45.05. First support is the 10-day moving average crossing at 42.54. Second support is the 20-day moving average crossing at 40.84.
The Dow closed higher on Friday extended the rally off Monday's low. 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 overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends this week's rally into uncharted territory, upside targets will be hard to project. Closes below the December 21st low crossing at 29,755.53 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 31,193.40. Second resistance is unknown. First support is the December 21st low crossing at 29,755.53. Second support is the 50-day moving average crossing at 29,578.55. The March NASDAQ 100 closed sharply higher on Friday as it extended the rally to a new contract high. 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 turning 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 December 21st low crossing at 12,461.00 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 13,065.75. Second resistance is unknown. First support is the December 21st low crossing at 12,461.00. Second support is the 50-day moving average crossing at 12,263.87. The March S&P 500 closed higher on Friday as it extends this week's rally. 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 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 into uncharted territory, upside targets will be hard to project. Multiple closes below the reaction low crossing at 3636.00 would confirm that a short-term top has been posted. First resistance is today's high crossing at 3824.40. Second resistance is unknown. First support is the reaction low crossing at 3636.00. Second support is the 50-day moving average crossing at 3607.60.
March T-bonds closed down 19/32's at 168-19. March T-bonds closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Monday'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 the decline off November's high, the 50% retracement level of the 2018-2020 rally crossing at 164-04 is the next downside target. Closes above the 50-day moving average crossing at 173-05 would confirm that a low has been posted. First resistance is the 50-day moving average crossing at 173-05. Second resistance is November's high crossing at 177-06. First support is today's low crossing at 168-05. Second support is the 50% retracement level of the 2018-2020 rally crossing at 164-04. March T-notes closed down 110-pts. at 136.195. March T-notes closed lower on Friday and renewed the decline off August's high. The low-range close sets the stage for a steady to lower opening when Monday'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 week's decline, monthly support on the continuation chart crossing at 134.298 is the next downside target. Closes above Monday's high crossing at 138.055 would confirm that a short-term low has been posted. First resistance is Monday's high crossing at 138.055. Second resistance is November's high crossing at 138.300. First support is today's low crossing at 136.165. Second support is monthly support on the continuation chart crossing at 134.298.
February hogs closed down $0.30 at $68.83. February hogs closed lower on Friday as it extended this week's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $67.31 would confirm that a short-term top has been posted. If February extends the rally off December's low, the 87% retracement level of the 2019-2020-decline crossing at $73.83 is the next upside target. First resistance is Monday's high crossing at $72.00. Second resistance is the 87% retracement level of the 2019-2020-decline crossing at $73.83. First support is the 10-day moving average crossing at $68.88. Second support is the 20-day moving average crossing at $67.31. February cattle closed down $0.48 at $114.50 February cattle closed lower on Friday. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible. If February resumes the rally off October's low, September's high crossing at $116.63 is the next upside target. If February extends the decline off December's high, December's low crossing at $110.55 is the next downside target. First resistance is December's high crossing at $116.30. Second resistance is September's high crossing at $116.63. First support is December's low crossing at $110.55. Second support is November's low crossing at $109.00. March Feeder cattle closed down $0.38 at $137.20. March Feeder cattle closed lower on Friday as it extended this week's trading range. The mid-range close sets the stage for a steady to lower opening when Monday's 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 December's high, the November 20th low crossing at $132.45 is the next downside target. Closes above the 20-day moving average crossing at $140.27 would signal that a short-term low has been posted. First resistance is December's high crossing at $143.70. Second resistance is August's high crossing at $145.30. First support is Tuesday's low crossing at $134.85. Second support is the November 20th low crossing at $132.45.
February gold closed sharply lower on Friday and below the 50-day moving average crossing at $1874.50 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends this week's decline, the December 14th low crossing at $1820.00 is the next downside target. Closes above the 10-day moving average crossing at $1902.40 would signal that a short-term low has been posted. First resistance is Wednesday's high crossing at $1962.50. Second resistance is November's high crossing at $1973.30. First support is the December 14th low crossing at $1820.00. Second support is November's low crossing at $1767.20. March silver closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Monday'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 50-day moving average crossing at 24.921 would confirm that a short-term top has been posted. If March renews the rally off November's low, September's high crossing at 29.380 is the next upside target. First resistance is Wednesday's high crossing at 28.105. Second resistance is September's high crossing at 29.380. First support is the 50-day moving average crossing at 24.921. Second support is the December 9th low crossing at 23.695. March copper closed lower on Friday as it consolidates some of this week's rally. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off March's low, monthly resistance crossing at 379.25 is the next upside target. Closes below the reaction low crossing at 345.00 would signal that a short-term top has been posted. First resistance is today's high crossing at 373.40. Second resistance is monthly resistance crossing at 379.25. First support is the reaction low crossing at 345.00. Second support is the 50-day moving average crossing at 339.49.
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