The December NASDAQ 100 closed sharply lower on Friday as it extended this week's decline. The low-range close sets the
stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that additional weakness is
possible near-term. If December extends this week's decline, this month's low crossing at 1649.75 is the next downside target.
Closes above the 10-day moving average crossing at 1729.92 would confirm that a short-term low has been posted. First
resistance is the 20-day moving average crossing at 1725.30. Second resistance is the 10-day moving average crossing at
1729.92. First support is today's low crossing at 1661.50. Second support is this month's low crossing at 1649.75.
The December S&P 500 index closed sharply lower on Friday as it extended this week's decline. The low-range close sets the
stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that additional weakness is
possible near-term. If December extends this week's decline, this month's low crossing at 1012.10 is the next downside target.
Closes above the 10-day moving average crossing at 1068.40 would signal that a short-term low has been posted. First
resistance is the 20-day moving average crossing at 1067.70. Second resistance is the 10-day moving average crossing at
1068.40. First support is today's low crossing at 1029.50. Second support is this month's low crossing at 1012.10.
The Dow closed sharply lower on Friday as it extended this week's decline and closed below the 20-day moving average
crossing at 9892 confirming that a short-term low has been posted. The low-range close sets the stage for a steady to lower
opening on Monday. Stochastics and the RSI remain bearish signaling that additional weakness is possible near-term. If the
Dow extends this week's decline, this month's low crossing at 9430 is the next downside target. Closes above the 10-day
moving average crossing at 9932 would confirm that a short-term low has been posted. First resistance is the 20-day moving
average crossing at 9892. Second resistance is this month's high crossing at 10,119. First support is today's low crossing at
9684. Second support is this month's low crossing at 9430.
stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that additional weakness is
possible near-term. If December extends this week's decline, this month's low crossing at 1649.75 is the next downside target.
Closes above the 10-day moving average crossing at 1729.92 would confirm that a short-term low has been posted. First
resistance is the 20-day moving average crossing at 1725.30. Second resistance is the 10-day moving average crossing at
1729.92. First support is today's low crossing at 1661.50. Second support is this month's low crossing at 1649.75.
The December S&P 500 index closed sharply lower on Friday as it extended this week's decline. The low-range close sets the
stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that additional weakness is
possible near-term. If December extends this week's decline, this month's low crossing at 1012.10 is the next downside target.
Closes above the 10-day moving average crossing at 1068.40 would signal that a short-term low has been posted. First
resistance is the 20-day moving average crossing at 1067.70. Second resistance is the 10-day moving average crossing at
1068.40. First support is today's low crossing at 1029.50. Second support is this month's low crossing at 1012.10.
The Dow closed sharply lower on Friday as it extended this week's decline and closed below the 20-day moving average
crossing at 9892 confirming that a short-term low has been posted. The low-range close sets the stage for a steady to lower
opening on Monday. Stochastics and the RSI remain bearish signaling that additional weakness is possible near-term. If the
Dow extends this week's decline, this month's low crossing at 9430 is the next downside target. Closes above the 10-day
moving average crossing at 9932 would confirm that a short-term low has been posted. First resistance is the 20-day moving
average crossing at 9892. Second resistance is this month's high crossing at 10,119. First support is today's low crossing at
9684. Second support is this month's low crossing at 9430.
INTEREST RATES
December T-bonds closed up 1-15/32's at 120-05.
December T-bonds closed sharply higher on Friday due to weakness in the equity markets and above the 20-day moving average
crossing at 120-04. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are
bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average
crossing at 120-04 are needed to confirm that a short-term low has been posted. If December renews this month's decline, the
reaction low crossing at 117-20 is the next downside target. First resistance is today's high crossing at 120-05. Second
resistance is the reaction high crossing at 121-02. First support is Tuesday's low crossing at 117-31. Second support is the
reaction low crossing at 117-20.
December T-bonds closed sharply higher on Friday due to weakness in the equity markets and above the 20-day moving average
crossing at 120-04. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are
bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average
crossing at 120-04 are needed to confirm that a short-term low has been posted. If December renews this month's decline, the
reaction low crossing at 117-20 is the next downside target. First resistance is today's high crossing at 120-05. Second
resistance is the reaction high crossing at 121-02. First support is Tuesday's low crossing at 117-31. Second support is the
reaction low crossing at 117-20.
ENERGY MARKETS
December crude oil closed sharply lower on Friday as it extended this week's decline. The low-range close sets the stage for a
steady to lower opening on Monday. Closes below the 20-day moving average crossing at 76.59 are needed to confirm that a
short-term top has been posted. If December renews this month's rally, the 38% retracement level of the 2008-2009-decline
crossing at 84.64 is the next upside target. First resistance is Thursday's high crossing at 80.46. Second resistance is last
week's high crossing at 82.00. First support is today's low crossing at 76.85. Second support is the 20-day moving average
crossing at 76.59.
December heating oil closed sharply lower on Friday as it extended this week's decline and tested support marked by the 20-day moving average crossing at 199.82. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics
and the RSI remain bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving
average crossing at 199.82 would confirm that a short-term top has been posted. If December renews this month's rally, the
38% retracement level of the 2008-2009-decline crossing at 242.65 is the next upside target. First resistance is Thursday's high
crossing at 209.75. Second resistance is last week's high crossing at 215.78. First support is the 20-day moving average
crossing at 199.82. Second support is today's low crossing at 199.75.
December unleaded gas closed lower on Friday as it extended this week's decline. The low-range close sets the stage for a
steady to lower opening on Monday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible
near-term. Closes below the 20-day moving average crossing at 192.99 would confirm that a short-term top has been posted. If
December renews this fall's rally, the 50% retracement level of the 2008-2009-decline crossing at 229.90 is the next upside
target. First resistance is Monday's high crossing at 210.15. Second resistance is the 50% retracement level of the 2008-2009-
decline crossing at 229.90. First support is today's low crossing at 194.40. Second support is the 20-day moving average
crossing at 192.99.
December Henry natural gas closed lower on Friday but remains above the 62% retracement level of this fall's rally crossing at
4.970. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but
remain neutral to bearish signaling that additional weakness is still possible near-term. If December extends this week's decline,
the 75% retracement level crossing at 4.752 is the next downside target. Closes above the 20-day moving average crossing at
5.515 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 5.425. Second
resistance is Monday's gap crossing at 5.473. First support is Thursday's low crossing at 4.941. Second support is the 75%
retracement level crossing at 4.752.
CURRENCIES
The December Dollar closed higher on Friday as it consolidates above the 20-day moving average crossing at 76.06. The high-
range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. If December extends this week's rally, the reaction high crossing at 76.85 is
the next upside target. Closes below the 10-day moving average crossing at 75.88 would confirm that a short-term top has been
posted. First resistance is Thursday's high crossing at 76.75. Second resistance is the reaction high crossing at 76.85. First
support is the 10-day moving average crossing at 75.88. Second support is last Wednesday's low crossing at 75.09.
The December Euro closed lower on Friday as it consolidates below the 20-day moving average crossing at 148.362. The low-
range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that
sideways to lower prices are possible near-term. If December extends this week's decline, this month's low crossing at 144.790
is the next downside target. Closes above the 10-day moving average crossing at 148.871 are needed to confirm that a low has
been posted. First resistance is the 10-day moving average crossing at 148.871. Second resistance is Monday's high crossing at
150.620. First support is Thursday's low crossing at 146.810. Second support is this month's low crossing at 144.790.
The December British Pound closed lower on Friday as it consolidates some of Thursday's rally. The low-range close sets the
stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bullish hinting that sideways to higher
prices are possible near-term. If December extends this month's rally, the reaction high crossing at 1.6742 is the next upside
target. Closes below the 20-day moving average crossing at 1.6213 would confirm that a short-term top has been posted. First
resistance is Thursday's high crossing at 1.6602. Second resistance is last Friday's high crossing at 1.6689. First support is
Monday's low crossing at 1.6245. Second support is the 20-day moving average crossing at 1.6213.
The December Swiss Franc closed lower on Friday and is poised to renew this week's decline. The low-range close sets the
stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to lower prices
are possible near-term. If December extends this week's decline, the reaction low crossing at .9657 is the next downside target.
Closes above the 10-day moving average crossing at .9852 would confirm that a short-term low has been posted. First
resistance is today's high crossing at .9850. Second resistance is the 10-day moving average crossing at .9852. First support is
Thursday's low crossing at .9723. Second support is the reaction low crossing at .9657.
The December Canadian Dollar closed lower on Friday as it extended this week's decline. The low-range close sets the stage for
a steady to lower opening on Monday. Stochastics and the RSI are bearish but oversold warning bears that a short-term low
might be in or is near. If December extends this week's decline, the reaction low crossing at 91.24 is the next downside target.
Closes above the 20-day moving average crossing at 95.11 would confirm that a short-term low has been posted. First
resistance is the 20-day moving average crossing at 95.11. Second resistance is the reaction high crossing at 96.36. First
support is today's low crossing at 92.26. Second support is the reaction low crossing at 91.24.
The December Japanese Yen closed higher on Friday and above the 20-day moving average crossing at .11066 confirming that
a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and
the RSI have turned bullish signaling that additional gains are possible. If December extends this week's rally, the reaction high
crossing at .11261 is the next upside target. Closes below the 10-day moving average crossing at .10965 are needed to confirm
that a short-term top has been posted. First resistance is today's high crossing at .11124. Second resistance is the reaction high
crossing at .11261. First support is Tuesday's low crossing at .10834. Second support is the reaction low crossing at .10812.
steady to lower opening on Monday. Closes below the 20-day moving average crossing at 76.59 are needed to confirm that a
short-term top has been posted. If December renews this month's rally, the 38% retracement level of the 2008-2009-decline
crossing at 84.64 is the next upside target. First resistance is Thursday's high crossing at 80.46. Second resistance is last
week's high crossing at 82.00. First support is today's low crossing at 76.85. Second support is the 20-day moving average
crossing at 76.59.
December heating oil closed sharply lower on Friday as it extended this week's decline and tested support marked by the 20-day moving average crossing at 199.82. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics
and the RSI remain bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving
average crossing at 199.82 would confirm that a short-term top has been posted. If December renews this month's rally, the
38% retracement level of the 2008-2009-decline crossing at 242.65 is the next upside target. First resistance is Thursday's high
crossing at 209.75. Second resistance is last week's high crossing at 215.78. First support is the 20-day moving average
crossing at 199.82. Second support is today's low crossing at 199.75.
December unleaded gas closed lower on Friday as it extended this week's decline. The low-range close sets the stage for a
steady to lower opening on Monday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible
near-term. Closes below the 20-day moving average crossing at 192.99 would confirm that a short-term top has been posted. If
December renews this fall's rally, the 50% retracement level of the 2008-2009-decline crossing at 229.90 is the next upside
target. First resistance is Monday's high crossing at 210.15. Second resistance is the 50% retracement level of the 2008-2009-
decline crossing at 229.90. First support is today's low crossing at 194.40. Second support is the 20-day moving average
crossing at 192.99.
December Henry natural gas closed lower on Friday but remains above the 62% retracement level of this fall's rally crossing at
4.970. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but
remain neutral to bearish signaling that additional weakness is still possible near-term. If December extends this week's decline,
the 75% retracement level crossing at 4.752 is the next downside target. Closes above the 20-day moving average crossing at
5.515 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 5.425. Second
resistance is Monday's gap crossing at 5.473. First support is Thursday's low crossing at 4.941. Second support is the 75%
retracement level crossing at 4.752.
CURRENCIES
The December Dollar closed higher on Friday as it consolidates above the 20-day moving average crossing at 76.06. The high-
range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. If December extends this week's rally, the reaction high crossing at 76.85 is
the next upside target. Closes below the 10-day moving average crossing at 75.88 would confirm that a short-term top has been
posted. First resistance is Thursday's high crossing at 76.75. Second resistance is the reaction high crossing at 76.85. First
support is the 10-day moving average crossing at 75.88. Second support is last Wednesday's low crossing at 75.09.
The December Euro closed lower on Friday as it consolidates below the 20-day moving average crossing at 148.362. The low-
range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that
sideways to lower prices are possible near-term. If December extends this week's decline, this month's low crossing at 144.790
is the next downside target. Closes above the 10-day moving average crossing at 148.871 are needed to confirm that a low has
been posted. First resistance is the 10-day moving average crossing at 148.871. Second resistance is Monday's high crossing at
150.620. First support is Thursday's low crossing at 146.810. Second support is this month's low crossing at 144.790.
The December British Pound closed lower on Friday as it consolidates some of Thursday's rally. The low-range close sets the
stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bullish hinting that sideways to higher
prices are possible near-term. If December extends this month's rally, the reaction high crossing at 1.6742 is the next upside
target. Closes below the 20-day moving average crossing at 1.6213 would confirm that a short-term top has been posted. First
resistance is Thursday's high crossing at 1.6602. Second resistance is last Friday's high crossing at 1.6689. First support is
Monday's low crossing at 1.6245. Second support is the 20-day moving average crossing at 1.6213.
The December Swiss Franc closed lower on Friday and is poised to renew this week's decline. The low-range close sets the
stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to lower prices
are possible near-term. If December extends this week's decline, the reaction low crossing at .9657 is the next downside target.
Closes above the 10-day moving average crossing at .9852 would confirm that a short-term low has been posted. First
resistance is today's high crossing at .9850. Second resistance is the 10-day moving average crossing at .9852. First support is
Thursday's low crossing at .9723. Second support is the reaction low crossing at .9657.
The December Canadian Dollar closed lower on Friday as it extended this week's decline. The low-range close sets the stage for
a steady to lower opening on Monday. Stochastics and the RSI are bearish but oversold warning bears that a short-term low
might be in or is near. If December extends this week's decline, the reaction low crossing at 91.24 is the next downside target.
Closes above the 20-day moving average crossing at 95.11 would confirm that a short-term low has been posted. First
resistance is the 20-day moving average crossing at 95.11. Second resistance is the reaction high crossing at 96.36. First
support is today's low crossing at 92.26. Second support is the reaction low crossing at 91.24.
The December Japanese Yen closed higher on Friday and above the 20-day moving average crossing at .11066 confirming that
a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and
the RSI have turned bullish signaling that additional gains are possible. If December extends this week's rally, the reaction high
crossing at .11261 is the next upside target. Closes below the 10-day moving average crossing at .10965 are needed to confirm
that a short-term top has been posted. First resistance is today's high crossing at .11124. Second resistance is the reaction high
crossing at .11261. First support is Tuesday's low crossing at .10834. Second support is the reaction low crossing at .10812.
PRECIOUS METALS
December gold closed slightly lower due to profit taking on Friday as it consolidates below the 20-day moving average. The
high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought and are
turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 10-day moving average crossing
at 1049.80 are needed to confirm that a short-term low has been posted. If December extends this week's decline, broken
resistance crossing at 1025.80 is the next downside target. First resistance is today's high crossing at 1049.20. Second
resistance is the 10-day moving average crossing at 1049.80. First support is Wednesday's low crossing at 1026.90. Second
support is broken resistance crossing at 1025.80.
December silver closed lower on Friday but the mid-range close sets the stage for a steady opening on Monday. Stochastics and
the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If December extends this
week's decline, the reaction low crossing at 15.920 is the next downside target. Closes above the 20-day moving average
crossing at 17.320 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average
crossing at 17.320. Second resistance is last Wednesday's high crossing at 18.175. First support is Wednesday's low crossing
at 16.120. Second support is the reaction low crossing at 15.920.
December copper closed lower on Friday as it consolidated some of Thursday's rally. The low-range close sets the stage for a
steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or
is near. Closes below the 20-day moving average crossing at 290.60 are needed to confirm that a top has been posted. If
December renews this month's rally, the 75% retracement level of the 2008-2009-decline crossing at 316.36 is the next upside
target. First resistance is Monday's high crossing at 306.20. Second resistance is the 75% retracement level of the 2008-2009-
decline crossing at 316.36. First support is Thursday's low crossing at 291.80. Second support is the 20-day moving average
crossing at 290.60.
high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought and are
turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 10-day moving average crossing
at 1049.80 are needed to confirm that a short-term low has been posted. If December extends this week's decline, broken
resistance crossing at 1025.80 is the next downside target. First resistance is today's high crossing at 1049.20. Second
resistance is the 10-day moving average crossing at 1049.80. First support is Wednesday's low crossing at 1026.90. Second
support is broken resistance crossing at 1025.80.
December silver closed lower on Friday but the mid-range close sets the stage for a steady opening on Monday. Stochastics and
the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If December extends this
week's decline, the reaction low crossing at 15.920 is the next downside target. Closes above the 20-day moving average
crossing at 17.320 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average
crossing at 17.320. Second resistance is last Wednesday's high crossing at 18.175. First support is Wednesday's low crossing
at 16.120. Second support is the reaction low crossing at 15.920.
December copper closed lower on Friday as it consolidated some of Thursday's rally. The low-range close sets the stage for a
steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or
is near. Closes below the 20-day moving average crossing at 290.60 are needed to confirm that a top has been posted. If
December renews this month's rally, the 75% retracement level of the 2008-2009-decline crossing at 316.36 is the next upside
target. First resistance is Monday's high crossing at 306.20. Second resistance is the 75% retracement level of the 2008-2009-
decline crossing at 316.36. First support is Thursday's low crossing at 291.80. Second support is the 20-day moving average
crossing at 290.60.
FOOD & FIBER
December coffee closed lower on Friday as it consolidates below the 20-day moving average. The mid-range close sets the stage
for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bearish signaling that additional weakness
is possible near-term. If December extends this week's decline, the reaction low crossing at 12.53 is the next downside target.
Closes above the 10-day moving average crossing at 13.91 would confirm that a short-term low has been posted.
December cocoa closed lower on Friday as it extended this week's decline. The low-range close sets the stage for a steady to
lower opening on Monday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible
near-term. Closes below the 20-day moving average crossing at 32.74 would confirm that a short-term top has been posted. If
December renews the rally off August's low, weekly resistance crossing at 34.35 is the next upside target.
March sugar closed slightly lower on Friday as it consolidates below the 10-day moving average crossing at 23.11. The high-
range close set the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bearish signaling that
sideways to lower prices are possible near-term. If March extends this week's decline, the reaction low crossing at 21.95 is the
next downside target. Closes above the reaction high crossing at 24.68 are needed to renew this month's rally.
December cotton closed higher due to short covering on Friday as it consolidates above the 38% retracement level of the 2008-
decline crossing at 66.78. The high-range close sets the stage for a steady to higher opening on Monday. 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 66.08 would confirm that a short-term top has been posted. If December extends this month's rally, the 50%
retracement level of the 2008-decline crossing at 73.41 is the next upside target.
for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bearish signaling that additional weakness
is possible near-term. If December extends this week's decline, the reaction low crossing at 12.53 is the next downside target.
Closes above the 10-day moving average crossing at 13.91 would confirm that a short-term low has been posted.
December cocoa closed lower on Friday as it extended this week's decline. The low-range close sets the stage for a steady to
lower opening on Monday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible
near-term. Closes below the 20-day moving average crossing at 32.74 would confirm that a short-term top has been posted. If
December renews the rally off August's low, weekly resistance crossing at 34.35 is the next upside target.
March sugar closed slightly lower on Friday as it consolidates below the 10-day moving average crossing at 23.11. The high-
range close set the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bearish signaling that
sideways to lower prices are possible near-term. If March extends this week's decline, the reaction low crossing at 21.95 is the
next downside target. Closes above the reaction high crossing at 24.68 are needed to renew this month's rally.
December cotton closed higher due to short covering on Friday as it consolidates above the 38% retracement level of the 2008-
decline crossing at 66.78. The high-range close sets the stage for a steady to higher opening on Monday. 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 66.08 would confirm that a short-term top has been posted. If December extends this month's rally, the 50%
retracement level of the 2008-decline crossing at 73.41 is the next upside target.
GRAINS
December Corn closed down 13 1/2-cents at 3.66.
December corn closed lower on Friday as it extended this week's decline. A bullish extended weather forecast for the Midwest
along with strength in the Dollar helped to pressure the corn market today. The low-range close sets the stage for a steady to
lower opening on Monday. Stochastics and the RSI remain bearish signaling that additional weakness is possible near-term. If
December extends this week's decline, the 50% retracement level of this fall's decline crossing at 3.59 is the next downside
target. Closes above the 10-day moving average crossing at 3.83 1/4 would temper the near-term bearish outlook. First
resistance is Thursday's high crossing at 3.81 3/4. Second resistance is the 10-day moving average crossing at 3.83 1/4. First
support is today's low crossing at 3.64. Second support is the 50% retracement level of this fall's decline crossing at 3.59
December wheat closed down 9 1/2-cents at 4.94 1/4.
December wheat closed lower on Friday as it extended this week's decline below the 20-day moving average. The mid-range
close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. If December extends this week's decline, the 75% retracement level of this fall's rally
crossing at 4.72 3/4 is the next downside target. Closes above the 10-day moving average crossing at 5.20 are needed to confirm
that a short-term low has been posted. First resistance is the 20-day moving average crossing at 5.01 1/2. Second resistance is
the 10-day moving average crossing at 5.20. First support is today's low crossing at 4.89. Second support is the 75%
retracement level of this fall's rally crossing at 4.72 3/4.
December Kansas City Wheat closed down 9-cents at 4.99.
December Kansas City Wheat closed lower on Friday as it extended this week's decline below the 20-day moving average. The
low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that
additional weakness is possible near-term. If December extends this week's decline, the reaction low crossing at 4.79 is the next
downside target. Closes above the 10-day moving average crossing at 5.25 1/4 would confirm that a short-term low has been
posted. First resistance is the 20-day moving average crossing at 5.11 3/4. Second resistance is the 10-day moving average
crossing at 5.25 1/4. First support is today's low crossing at 4.97. Second support is the reaction low crossing at 4.79.
December Minneapolis wheat closed down 11-cents at 5.12 3/4.
December Minneapolis wheat closed lower on Friday as it extended this week's decline below the 20-day moving average. The
low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that
additional weakness is possible near-term. If December extends this week's decline, the reaction low crossing at 4.98 is the next
downside target. Closes above the 10-day moving average crossing at 5.37 3/4 would confirm that a short-term low has been
posted. First resistance is the 10-day moving average crossing at 5.37 3/4. Second resistance is last Friday's high crossing at
5.83. First support is today's low crossing at 5.10 1/2. Second support is the reaction low crossing at 4.98.
SOYBEAN COMPLEX
January soybeans closed down 10 1/2-cents at 9.76 1/2.
January soybeans closed lower on Friday as a bearish extended weather for the Midwest and a stronger Dollar pressured the
market today. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain bearish
despite today's rebound signaling that additional short-term weakness is still possible near-term. If January extends this week's
decline, the 50% retracement level of this fall's rally crossing at 9.57 is the next downside target. Closes above the 10-day
moving average crossing at 9.90 3/4 are needed to confirm that a short-term low has been posted. First resistance is Thursday's
high crossing at 9.90 1/2. Second resistance is last week's high crossing at 10.28. First support is Wednesday's low crossing at
9.63. Second support is the 50% retracement level of this fall's rally crossing at 9.57.
December soybean meal closed up $1.70 at $297.00.
December soybean meal closed higher on Friday and above the 10-day moving average crossing at 295.90 confirming that a
short-term low has been posted. Profit taking tempered early session gains and the mid-range close sets the stage for a steady
opening on Monday. Stochastics and the RSI are turning neutral hinting that sideways to higher prices are possible near-term. If
December extends this week's rally, the reaction high crossing at 308.20 is the next upside target. Closes below Wednesday's
low crossing at 285.50 would confirm that a short-term top has been posted. First resistance is today's high crossing at 301.50.
Second resistance is the reaction high crossing at 308.20. First support is Wednesday's low crossing at 285.50. Second support
is the October 6th gap crossing at 273.20.
December soybean oil closed down 112 pts. at 36.40.
December soybean oil gapped down and closed sharply lower on Friday. Weakness in energy markets along with a stronger
Dollar was the main factors in today's sell off, which also led to a close below the 20-day moving average. The low-range close
sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to lower
prices are possible near-term. If December extends this week's decline, the reaction low crossing at 35.90 is the next downside
target. Closes above the 10-day moving average crossing at 37.57 are needed to confirm that a short-term low has been posted.
First resistance is the 10-day moving average crossing at 37.57. Second resistance is last Wednesday's high crossing at 38.75.
First support is today's low crossing at 36.26. Second support is the reaction low crossing at 35.90.
December corn closed lower on Friday as it extended this week's decline. A bullish extended weather forecast for the Midwest
along with strength in the Dollar helped to pressure the corn market today. The low-range close sets the stage for a steady to
lower opening on Monday. Stochastics and the RSI remain bearish signaling that additional weakness is possible near-term. If
December extends this week's decline, the 50% retracement level of this fall's decline crossing at 3.59 is the next downside
target. Closes above the 10-day moving average crossing at 3.83 1/4 would temper the near-term bearish outlook. First
resistance is Thursday's high crossing at 3.81 3/4. Second resistance is the 10-day moving average crossing at 3.83 1/4. First
support is today's low crossing at 3.64. Second support is the 50% retracement level of this fall's decline crossing at 3.59
December wheat closed down 9 1/2-cents at 4.94 1/4.
December wheat closed lower on Friday as it extended this week's decline below the 20-day moving average. The mid-range
close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. If December extends this week's decline, the 75% retracement level of this fall's rally
crossing at 4.72 3/4 is the next downside target. Closes above the 10-day moving average crossing at 5.20 are needed to confirm
that a short-term low has been posted. First resistance is the 20-day moving average crossing at 5.01 1/2. Second resistance is
the 10-day moving average crossing at 5.20. First support is today's low crossing at 4.89. Second support is the 75%
retracement level of this fall's rally crossing at 4.72 3/4.
December Kansas City Wheat closed down 9-cents at 4.99.
December Kansas City Wheat closed lower on Friday as it extended this week's decline below the 20-day moving average. The
low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that
additional weakness is possible near-term. If December extends this week's decline, the reaction low crossing at 4.79 is the next
downside target. Closes above the 10-day moving average crossing at 5.25 1/4 would confirm that a short-term low has been
posted. First resistance is the 20-day moving average crossing at 5.11 3/4. Second resistance is the 10-day moving average
crossing at 5.25 1/4. First support is today's low crossing at 4.97. Second support is the reaction low crossing at 4.79.
December Minneapolis wheat closed down 11-cents at 5.12 3/4.
December Minneapolis wheat closed lower on Friday as it extended this week's decline below the 20-day moving average. The
low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that
additional weakness is possible near-term. If December extends this week's decline, the reaction low crossing at 4.98 is the next
downside target. Closes above the 10-day moving average crossing at 5.37 3/4 would confirm that a short-term low has been
posted. First resistance is the 10-day moving average crossing at 5.37 3/4. Second resistance is last Friday's high crossing at
5.83. First support is today's low crossing at 5.10 1/2. Second support is the reaction low crossing at 4.98.
SOYBEAN COMPLEX
January soybeans closed down 10 1/2-cents at 9.76 1/2.
January soybeans closed lower on Friday as a bearish extended weather for the Midwest and a stronger Dollar pressured the
market today. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain bearish
despite today's rebound signaling that additional short-term weakness is still possible near-term. If January extends this week's
decline, the 50% retracement level of this fall's rally crossing at 9.57 is the next downside target. Closes above the 10-day
moving average crossing at 9.90 3/4 are needed to confirm that a short-term low has been posted. First resistance is Thursday's
high crossing at 9.90 1/2. Second resistance is last week's high crossing at 10.28. First support is Wednesday's low crossing at
9.63. Second support is the 50% retracement level of this fall's rally crossing at 9.57.
December soybean meal closed up $1.70 at $297.00.
December soybean meal closed higher on Friday and above the 10-day moving average crossing at 295.90 confirming that a
short-term low has been posted. Profit taking tempered early session gains and the mid-range close sets the stage for a steady
opening on Monday. Stochastics and the RSI are turning neutral hinting that sideways to higher prices are possible near-term. If
December extends this week's rally, the reaction high crossing at 308.20 is the next upside target. Closes below Wednesday's
low crossing at 285.50 would confirm that a short-term top has been posted. First resistance is today's high crossing at 301.50.
Second resistance is the reaction high crossing at 308.20. First support is Wednesday's low crossing at 285.50. Second support
is the October 6th gap crossing at 273.20.
December soybean oil closed down 112 pts. at 36.40.
December soybean oil gapped down and closed sharply lower on Friday. Weakness in energy markets along with a stronger
Dollar was the main factors in today's sell off, which also led to a close below the 20-day moving average. The low-range close
sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to lower
prices are possible near-term. If December extends this week's decline, the reaction low crossing at 35.90 is the next downside
target. Closes above the 10-day moving average crossing at 37.57 are needed to confirm that a short-term low has been posted.
First resistance is the 10-day moving average crossing at 37.57. Second resistance is last Wednesday's high crossing at 38.75.
First support is today's low crossing at 36.26. Second support is the reaction low crossing at 35.90.
LIVESTOCK
December hogs closed down $0.50 at $56.70.
December hogs closed lower due to profit taking on Friday as it consolidated some of this week's rally. The mid-range close sets
the stage for a steady opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices
are possible near-term. If December extends this month's rally, the 38% retracement level of the 2008-2009-decline crossing at
62.12 is the next upside target. Closes below the 20-day moving average crossing at 53.56 would confirm that a short-term top
has been posted. First resistance is Thursday's high crossing at 57.65. Second resistance is the 38% retracement level of the
2008-2009-decline crossing at 62.12. First support is the 10-day moving average crossing at 54.61. Second support is the 20-
day moving average crossing at 53.56.
February bellies closed down $1.50 at $89.30.
February bellies closed lower due to profit taking on Friday as it consolidated some of this month's rally. The low-range close
sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bearish hinting that a short-term
top might be in or is near. Closes below the 20-day moving average crossing at 84.33 are needed to confirm that a short-term
top has been posted. If February extends this month's rally, June's high crossing at 95.00 is the next upside target. First
resistance is Tuesday's high crossing at 91.70. Second resistance is June's high crossing at 95.00. First support is the 10-day
moving average crossing at 86.17. Second support is the 20-day moving average crossing at 84.33.
December cattle closed down $0.60 at 85.68.
December cattle closed lower on Friday and below the 20-day moving average crossing at 85.77 confirming that a short-term
top has been posted. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are
bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, the reaction low
crossing at 84.25 is the next downside target. Closes above the 10-day moving average crossing at 86.76 would temper the near-
term bearish outlook in the market. First resistance is the 10-day moving average crossing at 86.76. Second resistance is last
Friday's high crossing at 87.90. First support is today's low crossing at 85.25. Second support is the reaction low crossing at
84.25.
November feeder cattle closed up $0.20 at $94.80.
November Feeder cattle closed higher on Friday due to short covering as it consolidated some of this week's decline. The low-
range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are bearish signaling that sideways
to lower prices are possible near-term. If November extends this week's decline, the reaction low crossing at 93.02 is the next
downside target. Closes above the 10-day moving average crossing at 95.55 would confirm that a short-term low has been posted.
E X T R E M E F U T U R E S
WINNERS
LB.F10 LUMBER (RANDOM LENGTH) Jan 2010 211.0 8.5 +4.20
BCX.U10 CBOT SOYBEAN CRUSH INDEX Sep 2010 74.75 2.75 +4.07
AA.Y$$ BUTTER (SPOT) Cash 1410 50 +3.68
NGX.Z09 5 YEAR INT RATE SWAP (IMPLIED YLD) Dec 2009 2.87207 0.07202 +2.57
NIX.Z09 10 YEAR INT RATE SWAP (IMPLIED YLD) Dec 2009 3.72654 0.08528 +2.34
RR.X09 ROUGH RICE Nov 2009 14.36 0.28 +1.99
JY.Z09 JAPANESE YEN Dec 2009 0.011113 0.000185 +1.69
US.Z09 T-BONDS Dec 2009 120.15625 1.46875 +1.24
DA.X09 MILK CLASS III Nov 2009 13.93 0.13 +0.95
NI.Z09 10 YEAR INT RATE SWAP Dec 2009 103.156250 0.890625 +0.87
LOSERS
BCX.G11 CBOT SOYBEAN CRUSH INDEX Feb 2011 64.00 -6.00 -9.49
RB.X09 RBOB GASOLINE Nov 2009 1.9432 -0.0758 -3.78
CL.Z09 CRUDE OIL Dec 2009 77.00 -2.87 -3.60
YC.Z09 CORN (MINI) Dec 2009 366.00 -13.50 -3.56
C.Z09 CORN Dec 2009 366.0 -13.5 -3.55
LC.V09 LIVE CATTLE Oct 2009 81.65 -3.00 -3.54
HO.X09 HEATING OIL Nov 2009 1.9811 -0.0731 -3.54
GI.X09 S&P GSCI COMMODITY INDEX Nov 2009 495.5 -17.5 -3.41
VB RUSSELL 2000 VALUE INDEX 783.33 -26.75 -3.30
NK.H10 NIKKEI 225 INDEX Mar 2010 9770 -310 -3.08
Trade Stocks, Futures, And Forex With Up To 80% Accuracy
Complimentary Market Forecasts. Reports include:
-Trend Forecast up to 80% accurate for 1-3 days ahead
-Tomorrow's Forecasted Trading Range
-Leading Indicators, not lagging
LB.F10 LUMBER (RANDOM LENGTH) Jan 2010 211.0 8.5 +4.20
BCX.U10 CBOT SOYBEAN CRUSH INDEX Sep 2010 74.75 2.75 +4.07
AA.Y$$ BUTTER (SPOT) Cash 1410 50 +3.68
NGX.Z09 5 YEAR INT RATE SWAP (IMPLIED YLD) Dec 2009 2.87207 0.07202 +2.57
NIX.Z09 10 YEAR INT RATE SWAP (IMPLIED YLD) Dec 2009 3.72654 0.08528 +2.34
RR.X09 ROUGH RICE Nov 2009 14.36 0.28 +1.99
JY.Z09 JAPANESE YEN Dec 2009 0.011113 0.000185 +1.69
US.Z09 T-BONDS Dec 2009 120.15625 1.46875 +1.24
DA.X09 MILK CLASS III Nov 2009 13.93 0.13 +0.95
NI.Z09 10 YEAR INT RATE SWAP Dec 2009 103.156250 0.890625 +0.87
LOSERS
BCX.G11 CBOT SOYBEAN CRUSH INDEX Feb 2011 64.00 -6.00 -9.49
RB.X09 RBOB GASOLINE Nov 2009 1.9432 -0.0758 -3.78
CL.Z09 CRUDE OIL Dec 2009 77.00 -2.87 -3.60
YC.Z09 CORN (MINI) Dec 2009 366.00 -13.50 -3.56
C.Z09 CORN Dec 2009 366.0 -13.5 -3.55
LC.V09 LIVE CATTLE Oct 2009 81.65 -3.00 -3.54
HO.X09 HEATING OIL Nov 2009 1.9811 -0.0731 -3.54
GI.X09 S&P GSCI COMMODITY INDEX Nov 2009 495.5 -17.5 -3.41
VB RUSSELL 2000 VALUE INDEX 783.33 -26.75 -3.30
NK.H10 NIKKEI 225 INDEX Mar 2010 9770 -310 -3.08
Trade Stocks, Futures, And Forex With Up To 80% Accuracy
Complimentary Market Forecasts. Reports include:
-Trend Forecast up to 80% accurate for 1-3 days ahead
-Tomorrow's Forecasted Trading Range
-Leading Indicators, not lagging
E X T R E M E S T O C K S
WINNERS
MSTR MICROSTRATEGY INC CL A 87.41 13.97 +19.02
CEC CEC ENTERTAINMENT INC 29.250 3.920 +15.48
NANO NANOMETRICS INC 8.25 1.04 +14.42
HAR HARMAN INTL IND INC 37.7300 4.7300 +14.33
TSYS TELECOM SYSTEM 8.96 1.04 +13.13
WLFC WILLIS LEASE FINANCE CORP 12.73 1.42 +12.56
CVTI COVENANT TRANS GROUP A 5.050 0.560 +12.47
UFX DOMTAR PAPER INC 45.99 4.82 +11.71
DORM DORMAN PRODUCTS INC 14.63 1.40 +10.58
SXE STANLEY INC 28.25 2.46 +9.54
LOSERS
NVTL NOVATEL WIRELESS INC 8.90 -3.29 -26.99
GGC GEORGIA GULF CORP 14.39 -4.83 -25.13
GFIG GFI GROUP INC 5.15 -1.51 -22.67
ELNCF ELAN CORP 5.486 -1.364 -19.91
DDRX DIEDRICH COFFEE INC 21.89 -4.91 -18.32
TSRA TESSERA TECHNOLOGIES 22.13 -4.73 -17.61
IOSP INNOSPEC INC 11.78 -2.35 -16.63
LAD LITHIA MOTORS INC CL A 8.34 -1.59 -16.01
MBLX METABOLIX INC 10.139 -1.881 -15.65
SMP STANDARD MOTOR PRODUCTS 8.36 -1.50 -15.21
MSTR MICROSTRATEGY INC CL A 87.41 13.97 +19.02
CEC CEC ENTERTAINMENT INC 29.250 3.920 +15.48
NANO NANOMETRICS INC 8.25 1.04 +14.42
HAR HARMAN INTL IND INC 37.7300 4.7300 +14.33
TSYS TELECOM SYSTEM 8.96 1.04 +13.13
WLFC WILLIS LEASE FINANCE CORP 12.73 1.42 +12.56
CVTI COVENANT TRANS GROUP A 5.050 0.560 +12.47
UFX DOMTAR PAPER INC 45.99 4.82 +11.71
DORM DORMAN PRODUCTS INC 14.63 1.40 +10.58
SXE STANLEY INC 28.25 2.46 +9.54
LOSERS
NVTL NOVATEL WIRELESS INC 8.90 -3.29 -26.99
GGC GEORGIA GULF CORP 14.39 -4.83 -25.13
GFIG GFI GROUP INC 5.15 -1.51 -22.67
ELNCF ELAN CORP 5.486 -1.364 -19.91
DDRX DIEDRICH COFFEE INC 21.89 -4.91 -18.32
TSRA TESSERA TECHNOLOGIES 22.13 -4.73 -17.61
IOSP INNOSPEC INC 11.78 -2.35 -16.63
LAD LITHIA MOTORS INC CL A 8.34 -1.59 -16.01
MBLX METABOLIX INC 10.139 -1.881 -15.65
SMP STANDARD MOTOR PRODUCTS 8.36 -1.50 -15.21
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