Summary
The Dow Future is declining 52 points to 32886. The US Dollar Index fell 0.101 points to 93.196. Gold has gained 6.475 dollars to 1686.015. Silver is higher 0.2180 dollars to 24.0895. The Dow Industrials softened 104.41 points, at 33066.96, while the S&P 500 eased 12.54 points, last seen at 3958.55. The Nasdaq Composite retreated 14.26 points to 13045.39. 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 747) Composite Idx, W/W% (previous -2.5%) Purchase Idx-SA (previous 301.9) Purchase Idx-SA, W/W% (previous +2.6%) Refinance Idx (previous 3325.3) Refinance Idx, W/W% (previous -5.1%) 8:15 AM ET. March ADP National Employment Report Private Sector Jobs, Net Chg (expected +560K; previous +117000) 8:30 AM ET. 4th Quarter U.S. International Investment Position 9:00 AM ET. G24 Deputies Meeting (virtual) 9:45 AM ET. March Chicago Business Barometer - ISM-Chicago Business Survey - Chicago PMI PMI-Adj (expected 60.0; previous 59.5) 10:00 AM ET. February Pending Home Sales Index Pending Home Sales (previous 122.8) Pending Home Sales Idx, M/M% (expected -3.0%; previous -2.8%) Pending Home Sales Idx , Y/Y% (previous +13.0%) 10:30 AM ET. EIA Weekly Petroleum Status Report Crude Oil Stocks (Bbl) (previous 502.711M) Crude Oil Stocks, Net Chg (Bbl) (previous +1.912M) Gasoline Stocks (Bbl) (previous 232.279M) Gasoline Stocks, Net Chg (Bbl) (previous +0.204M) Distillate Stocks (Bbl) (previous 141.553M) Distillate Stocks, Net Chg (Bbl) (previous +3.806M) Refinery Usage (previous 81.6%) Total Prod Supplied (Bbl/day) (previous 18.702M) Total Prod Supplied, Net Chg (Bbl/day) (previous -0.231M) 3:00 PM ET. February Agricultural Prices Farm Prices, M/M% (previous 7:30 AM ET. March Challenger Job-Cut Report Job Cuts, M/M% (previous -57%) 8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims Jobless Claims (expected 670K; previous 684K) Jobless Claims, Net Chg (previous -97K) Continuing Claims (previous 3870000) Continuing Claims, Net Chg (previous -264K) 8:30 AM ET. U.S. Weekly Export Sales Corn (Metric Tons) (previous 4626.5K) Soybeans (Metric Tons) (previous 166.8K) Wheat (Metric Tons) (previous 414.1K) 9:00 AM ET. IMF Fiscal Monitor analytical chapter launch (virtual) 9:45 AM ET. Bloomberg Consumer Comfort Index 9:45 AM ET. March US Manufacturing PMI PMI, Mfg (expected 59.2; previous 58.6) 10:00 AM ET. March ISM Report On Business Manufacturing PMI Manufacturing PMI (expected 61.6; previous 60.8) Prices Idx (previous 86.0) Employment Idx (previous 54.4) Inventories (previous 49.7) New Orders Idx (previous 64.8) Production Idx (previous 63.2) 10:00 AM ET. February Construction Spending - Construction Put in Place New Construction (expected -1.1%; previous +1.7%) Residential Construction 10:30 AM ET. EIA Weekly Natural Gas Storage Report Working Gas In Storage (Cbf) (previous 1746B) Working Gas In Storage, Net Chg (Cbf) (previous -36B) 11:00 AM ET. March Global Manufacturing PMI PMI, Mfg (previous 53.9) 4:00 PM ET. March Domestic Auto Industry Sales 4:30 PM ET. Foreign Central Bank Holdings 4:30 PM ET. Federal Discount Window 8:30 AM ET. March U.S. Employment Report Non-Farm Payrolls (expected +630K; previous +379K) Unemployment Rate (expected 6.0%; previous 6.2%) Avg Hourly Earnings (USD) (previous 30.01) Avg Hourly Earnings-Net Chg (USD) (previous +0.07) Avg Hourly Earnings, M/M% (expected +0.2%; previous +0.23%) Avg Hourly Earnings, Y/Y% (expected +4.6%; previous +5.26%) Overall Workweek (previous 34.6) Overall Workweek Net Chg (previous -0.3) Government Payrolls (previous -86K) Private Payroll (previous +465K) Participation Rate (previous 61.4%) Non-Farm Payrolls Bench Net Chg N/A U.S. stock markets closed on Good Friday N/A Marianas: Good 9:00 AM ET. G24 Ministers and Governors Meeting (virtual) 9:45 AM ET. March ISM-NY Report on Business Business Index (previous 35.5) 9:45 AM ET. March US Services PMI PMI, Services (previous 59.8) 10:00 AM ET. March ISM Report On Business Services PMI Non-Mfg Composite Idx (previous 55.3) Non-Mfg Business Idx (previous 55.5) Prices Idx (previous 71.8) Employment Idx (previous 52.7) New Orders Idx (previous 51.9) 10:00 AM ET. March Employment Trends Index ETI (previous 101.01) ETI, Y/Y% 10:00 AM ET. February Manufacturers' Shipments, Inventories & Orders (M3) Total Orders, M/M% (previous +2.6%) Orders, Ex-Defense, M/M% (previous +2.1%) Orders, Ex-Transport, M/M% (previous +1.7%) Durable Goods, M/M% Durable Goods, 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% Ret Sales Mo-to-Date, Y/Y% Latest Wk, Y/Y% 10:00 AM ET. February Job Openings & Labor Turnover Survey 10:00 AM ET. April IBD/TIPP Economic Optimism Index Economic Optimism Idx (previous 55.4) 6-Mo Economic Outlook (previous 53.2) 4:30 AM ET. API Weekly Statistical Bulletin Crude Stocks, Net Chg (Bbls) Gasoline Stocks, Net Chg (Bbls) Distillate Stocks, Net Chg (Bbls) N/A IMF World Economic Outlook forecast chapters published N/A IMF Global Financial Stability Report main chapters published
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The June Dollar was lower due to profit taking overnight after testing the 50% retracement level of the September-January-decline crossing at $93.43. The low-range overnight trade sets the stage for a steady to lower opening when the day 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 June extends the rally off February's low, the 62% retracement level of the September-January-decline crossing at $94.43 is the next upside target. Closes below the 20-day moving average crossing at $92.17 would signal that a short-term top has been posted. First resistance is the 50% retracement level of the 2020-2021-decline crossing at $93.43. Second resistance is the 62% retracement level of the September-January-decline crossing at $94.43. First support is the 10-day moving average crossing at $92.55. Second support is the 20-day moving average crossing at $92.17. The June Euro was higher due to short covering overnight as it consolidates some of the decline off January's high. The high-range overnight trade sets the stage for a steady to higher opening when the day 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 June extends the decline off February's high, last-November's low crossing at $116.93 is the next downside target. Closes above the 20-day moving average crossing at $118.98 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $118.42. Second resistance is the 20-day moving average crossing at $118.98. First support is the November's low crossing at $116.93. Second support is the 50% retracement level of the 2020-2021-rally crossing at $115.98. The June British Pound was higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session beings 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 1.3851 would confirm that a short-term low has been posted. If June resumes the decline off February's high, the 50% retracement level of the September-February rally crossing at 1.3494 is the next downside target. First resistance is the reaction high crossing at 1.4009. Second resistance is February's high crossing at 1.4245. First support is the 38% retracement level of the September-February rally crossing at 1.3672. Second support is the 50% retracement level of the September-February rally crossing at 1.3494. The June Swiss Franc was lower overnight as it extends the decline off January's high. The mid-range overnight trade sets the stage for a steady to lower opening when the day 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 June extends the decline off January's high, the 75% retracement level of the 2020-2021-rally crossing at 1.0586 is the next downside target. Closes above the 20-day moving average crossing at 1.0758 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.0758. Second resistance is the March 17th high crossing at 1.0880. First support is the overnight low crossing at 1.0606. Second support is the 75% retracement level of the 2020-2021-rally crossing at 1.0586. The June Canadian Dollar was higher overnight. The high-range trade sets the stage for a steady to higher opening when the day 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 the 50-day moving average crossing at $79.61 would open the door for a possible test of the February 26th low crossing at $78.42. Closes above the 20-day moving average crossing at $79.61 would signal that a short-term low has been posted. First resistance is March's high crossing at $80.88. Second resistance is the February-2018 high crossing at $82.27. First support is the 50-day moving average crossing at $79.61. Second support is the February 26th low crossing at $78.42. The June Japanese Yen was lower overnight as it extended this year's decline to a new low for the year. The mid-range overnight trade sets the stage for a steady to lower opening when the day 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 June extends the decline off January's high, the February-2020 low on the monthly continuation chart crossing at 0.0892 is the next downside target. Closes above the 20-day moving average crossing at 0.0918 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.0918. Second resistance is March's high crossing at 0.0941. First support is the overnight low crossing at 0.0902. Second support is the February-2020 low on the monthly continuation chart crossing at 0.0892.
May crude oil was lower overnight as it extends the trading range of the past two-weeks. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Tuesday's low crossing at $57.25 would open the door for a possible test of the 38% retracement level of the November-March-rally crossing at $55.69. Closes above the 20-day moving average crossing at $62.67 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $62.67. Second resistance is March's high crossing at $67.79. First support is last-Tuesday's low crossing at $57.25. Second support is the 38% retracement level of the November-March-rally crossing at $55.69. May heating oil was steady to slightly lower overnight as it extends the trading range of the past two-weeks. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI remain neutral signaling that sideways trading is possible near-term. If May renews the decline off March's high, the 38% retracement level of the November-March-rally crossing at $164.17 is the next downside target. Closes above the 20-day moving average crossing at $186.20 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $186.20. Second resistance is March's high crossing at $198.30. First support is last-Tuesday's low crossing at $173.15. Second support is the 38% retracement level of the November-March-rally crossing at $164.17. May unleaded gas was lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day 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 20-day moving average crossing at $201.70 would signal that a short-term low has been posted. If May renews the decline off March's high, the 50-day moving average crossing at $188.66 is the next downside target. First resistance is the 20-day moving average crossing at $201.70. Second resistance is March's high crossing at $215.48. First support is the 50-day moving average crossing at $188.66. Second support is the 38% retracement of the November-March-rally crossing at $177.06. May Henry natural gas was slightly higher overnight as it extended the rally off March's low. The high-range overnight trade sets the stage for a steady to higher opening when the day 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 2.631 would signal that a short-term low has been posted while opening the door for additional gains. If April renews the decline off February's high, the 87% retracement level of the December-February-rally crossing at 2.445 is the next downside target. First resistance resistance is the 20-day moving average crossing at 2.631. Second resistance is the 50-day moving average crossing at 2.747. First support is the 87% retracement level of the December-February-rally crossing at 2.445. Second support is December's low crossing at 2.353.
May coffee closed sharply lower on Tuesday as it extended the decline off February's high. The low-range close sets the stage for a 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. If May extends this week's decline, the 62% retracement level of the November-February-rally crossing at 11.95 is the next downside target. Closes above the 20-day moving average crossing at 129.88 would signal that a short-term low has been posted. May cocoa closed sharply lower on Tuesday and below February's low. The low-range close sets 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. If May extends the decline off March's high, the 87% retracement level of last-November's rally crossing at 23.11 is the next downside target. Closes above the 20-day moving average crossing at 25.17 would signal that a short-term low has been posted. May sugar closed unchanged on Tuesday. The low-range close sets 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. If May extends the decline off February's high, the 38% retracement level of the 2020-2021-rally crossing at 14.80. Closes above the 50-day moving average crossing at 15.82 would signal that a short-term low has been posted. May cotton closed slightly higher on Tuesday as it consolidated some of the decline off February's high. The mid-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the decline off February's high, the 50% retracement level of the 2020-2021-rally crossing at 74.20 is the next downside target. Closes above the 20-day moving average crossing at 84.90 would signal that a short-term low has been posted.
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May corn was steady to fractionally higher overnight as it consolidates some of this week's decline. The high-range close sets the stage for a steady to higher opening when the day sessions begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends this week's decline, March's low crossing at $5.29 1/4 is the next downside target. If May renews the rally off March's low, February's high crossing at $5.72 is the next upside target. First resistance is February's high crossing at $5.72. Second resistance is psychological resistance crossing at $6.00. First support is March's low crossing at $5.29 1/4. Second support is the the 25% retracement level of the August-February-rally crossing at $5.14. May wheat was higher due to short covering overnight as it consolidates some of this week's decline. The high-range close sets the stage for a steady to higher opening when the day 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 May extends the decline off February's high, the 50% retracement level of the 2020-2021-rally crossing at $5.93 1/2 is the next downside target. Closes above the 20-day moving average crossing at $6.33 1/4 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at $6.33 1/4. Second resistance is the 50-day moving average crossing at $6.46 3/4. First support is the overnight low crossing at $6.00 1/4. Second support is the 50% retracement level of the 2020-2021-rally crossing at $5.93 1/2. May Kansas City wheat was higher overnight as it consolidates some of the decline off February's high. The high-range close sets the stage for a steady to higher opening when the day 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 May extends the decline off February's high, the 50% retracement level of the August-March-rally crossing at $5.52 3/4 is the next downside target. Closes above the 20-day moving average crossing at $5.93 1/4 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $5.73. Second resistance is the 20-day moving average crossing at $5.93 1/4. First support is Tuesday's low crossing at $5.56 1/4. Second support is the 50% retracement level of the August-March-rally crossing at $5.52 3/4. May Minneapolis wheat was steady to fractionally higher overnight as it consolidates some of the decline off March's high. The high-range close sets the stage for a steady to higher opening when the day 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 May extends the decline off February's high, the 62% retracement level of the December-January-rally crossing at $5.93 1/2 is the next downside target. Closes above the 20-day moving average crossing at $6.28 3/4 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at $6.18. Second resistance is the 20-day moving average crossing at $6.28 3/4. First support is the 62% retracement level of the December-January-rally crossing at $5.93 1/2. Second support is the 75% retracement level of the December-January-rally crossing at $5.79. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " May soybeans were higher due to short covering overnight as it consolidated some of this month's losses. The high-range close sets the stage for a steady to higher opening when the day 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 May extends this week's decline, February's low crossing at $13.36 3/4 is the next downside target. Closes above the 20-day moving average crossing at $13.69 3/4 would signal that a short-term low has been posted. First resistance is the March 23rd high crossing at $14.35. Second resistance is March's high crossing at $14.60. First support is the February 11th low crossing at $13.36 3/4. Second support is the January 25th low crossing at $12.97. May soybean meal was steady to higher overnight as it extends the trading range of the past three-weeks above the 38% retracement level of the August-January rally crossing at $396.90. The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral signaling sideways trading is possible near-term. Closes above the March 16th high crossing at $410.60 would signal that a short-term low has been posted. If May resumes the decline off January's high, the 50% retracement level of August-January rally crossing at $376.30 is the next downside target. First resistance is the March 16th high crossing at $410.60. Second resistance is the 50-day moving average crossing at $418.60. First support is the 38% retracement level of the August-January rally crossing at $396.90. Second support is the 50% retracement level of August-January rally crossing at $376.30. May soybean oil was higher overnight as it consolidates some of this month's sharp decline. The high-range overnight trade sets the stage for a steady to higher opening when the day 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 May extends the aforementioned decline, the 50-day moving average crossing at 48.92 is the next downside target. Closes above the 10-day moving average crossing at 54.06 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 54.06. Second resistance is March's high crossing at 58.25. First support is the 25% retracement level of the 2020-2021-rally crossing at 50.35. Second support is the 50-day moving average crossing at 48.92.
The June NASDAQ 100 was higher overnight. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Thursday's low crossing at 12,609.75 would signal that a short-term top has been posted. If June resumes the rally off March's low, February's high crossing at 13,888.00 is the next upside target. First resistance is the February 25th high crossing at 13,337.50. Second resistance is February's high crossing at 13,888.00. First support is March's low crossing at 12,200.00. Second support is the 25% retracement level of the March-February-rally crossing at 12,146.81. The June S&P 500 was steady to slightly higher overnight. The mid-range overnight trade sets the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June resumes the rally off last-September's low into uncharted territory, upside targets will be hard to project. Closes below the 50-day moving average crossing at 3870.66 would confirm that a short-term top has been posted. First resistance is the March 18th high crossing at 3978.50. Second resistance is unknown. First support is the 50-day moving average crossing at 3870.66. Second support is March's low crossing at 3710.50.
June T-bonds were steady to slightly higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June resumes the decline off last-September's high, the June-2019 low on monthly support crossing at 152-27 is the next downside target. Closes above last-Thursday's high crossing at 157-08 would signal that a short-term low has been posted. First resistance is last-Thursday's high crossing at 157-08. Second resistance is the 50-day moving average crossing at 160-31. First support is March's low crossing at 153-07. Second support is the June-2019 low on the monthly continuation chart crossing at 152-27. June T-notes were steady to slightly lower overnight. The mid-range overnight trade sets the stage for a steady to lower opening with the day session begins trading. Stochastics and the RSI becoming oversold, diverging but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this year's decline the February-2020 low on the weekly continuation chart crossing at 130.070 is the next downside target. Closes above last-Thursday's high crossing at 132.095 are needed to confirm that a short-term low has been posted. First resistance is last-Thursday's high crossing at 132.095. Second resistance is the March 2nd high crossing at 133.230. First support is Tuesday's low crossing at 130.260. Second support is the February-2020 low on the weekly continuation chart crossing at 130.070.
April hogs closed up $0.55 at $100.93. April hogs closed higher on Tuesday as it extends the rally off November'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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off November's low, the 75% retracement level of the 2014-2016 decline on the monthly continuation chart crossing at $110.53 is the next upside target. Closes below the 10-day moving average crossing at $97.33 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $101.98. Second resistance is the 75% retracement level of the 2014-2016 decline on the monthly continuation chart crossing at $110.53. First support is the 10-day moving average crossing at $97.33. Second support is the 20-day moving average crossing at $93.33. April cattle closed unchanged at $120.98. April cattle posted an inside day with a lower close on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. 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 $120.09 would signal that a short-term low has been posted. If April renews the decline off February's high, the 50% retracement level of the October-February-rally crossing at $117.72 is the next downside target. First resistance is the 50-day moving average crossing at $120.09. Second resistance is February's high crossing at $126.70. First support is the March 19th low crossing at $118.00. Second support is the 50% retracement level of the October-February-rally crossing at $117.72. April Feeder cattle closed down $0.25 at $146.83. April Feeder cattle posted an inside day with a lower close on Tuesday as it consolidated some of the rally off March's low. The low-range close sets the stage for a steady to lower opening when Wednesday'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 April extends the rally off March's low, monthly resistance crossing at $152.23 is the next upside target. Closes below below the 20-day moving average crossing at $142.23 would signal that a short-term top has been posted. First resistance is Monday's high crossing at $148.18. Second resistance is monthly resistance crossing at $152.23. First support is the 20-day moving average crossing at $142.23. Second support is the March 19th low crossing at $138.43.
June gold was steady to slightly higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this week's decline, the 50% retracement level of the 2015-2020-rally crossing at $1617.40 is the next downside target. Closes above the March 18th high crossing at $1756.00 would confirm that a low has been posted while opening the door for additional gains near-term. First resistance is the March 18th high crossing at $1756.00. Second resistance is 50-day moving average crossing at $1777.10. First support is March's low crossing at $1676.20. Second support is the 50% retracement level of the 2015-2020-rally crossing at $1617.40. May silver was steady to slightly lower overnight as it extended the decline off February's high. The high-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading later this morning. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off January's high, the 87% retracement level of the November-February-rally crossing at $23.102 is the next downside target. Closes above the 20-day moving average crossing at $25.544 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at $25.544. Second resistance is the 50-day moving average crossing at $26.347. First support is the overnight low crossing at $23.740. Second support is the 87% retracement level of the November-February-rally crossing at $23.102. May copper was higher in overnight trading as it extends the trading range of the past three-weeks. The high-range overnight trade sets the stage for a steady to higher opening when the day 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 3.9184 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. If May renews the rally off March's low, February's high crossing at 4.3755 is the next upside target. First resistance is February's high crossing at 4.3755. Second resistance is the August-2011 high on the monthly continuation chart crossing at 4.5400. First support is the 50-day moving average crossing at 3.9184. Second support is the 25% retracement level of the 2020-2021-rally crossing at 3.8134.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | VTSI | VirTra, Inc | 7.94 | +3.16 | +39.65% | 163,000,217 | +90 |    | Entry Signal | | 2. | HOFV | Hall of Fame Resort & Entertainment Company | 5.50 | -1.25 | -22.73% | 42,944,960 | +90 | | Entry Signal | | 3. | MARA | Marathon Digital Holdings, Inc. | 44.1225 | +5.9925 | +13.58% | 22,159,941 | +100 | | Entry Signal | | 4. | FB | Facebook, Inc | 287.51 | -3.31 | -1.15% | 15,845,644 | +90 | | Entry Signal | | 5. | SEEL | Seelos Therapeutics, Inc. - Common Stock | 4.948 | +0.688 | +13.87% | 10,685,699 | +100 | | Entry Signal | | 6. | SWN | Southwestern Energy Co | 4.585 | -0.065 | -1.42% | 10,554,441 | +100 | | Entry Signal | | 7. | WKEY | WISeKey International Holding AG - American Depositary Shares | 14.95 | -1.43 | -9.53% | 9,682,513 | +90 | | Entry Signal | | 8. | LGHL | Lion Group Holding Ltd. | 4.975 | -0.035 | -0.70% | 8,147,900 | +100 | | Entry Signal | | 9. | MOXC | Moxian, Inc | 3.848 | +0.848 | +21.86% | 7,425,501 | +100 | | Entry Signal | | 10. | ERIC | Ericsson - American Depositary Shares each representing 1 underlying Class B share | 13.275 | -0.095 | -0.72% | 7,096,767 | +100 | | Entry Signal | | | | | Top Futures | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | ES.M21 | S&P 500 INDEX (E-MINI) Jun 2021 | 3950.25 | +2.50 | +0.06% | 125,859 | +100 | | Entry Signal | | 2. | YM.M21 | DJ $5 (E-MINI) Jun 2021 | 32886 | -52 | -0.16% | 25,779 | +90 | | Entry Signal | | 3. | LE.M21 | LIVE CATTLE Jun 2021 | 122.225 | -0.575 | -0.47% | 17,303 | +90 | | Entry Signal | | 4. | @DX.M21 | US DOLLAR INDEX JUNE 2021 | 93.220 | -0.101 | -0.11% | 8,996 | +90 | | Entry Signal | | 5. | NGT.J21 | NATURAL GAS (TAS) Apr 2021 | 4 | 0 | 0.00% | 7,062 | +100 | | Entry Signal | | 6. | LE.J21 | LIVE CATTLE Apr 2021 | 120.975 | -0.250 | -0.21% | 6,173 | +90 | | Entry Signal | | 7. | LE.Q21 | LIVE CATTLE Aug 2021 | 121.250 | -0.625 | -0.52% | 6,099 | +100 | | Entry Signal | | 8. | GF.K21 | FEEDER CATTLE May 2021 | 152.200 | -0.225 | -0.15% | 5,392 | +90 | | Entry Signal | | 9. | LE.V21 | LIVE CATTLE Oct 2021 | 124.55 | -0.85 | -0.68% | 3,928 | +90 | | Entry Signal | | 10. | GF.Q21 | FEEDER CATTLE Aug 2021 | 160.30 | +0.15 | +0.09% | 2,602 | +90 | | Entry Signal | |
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