The STOCK INDEXES http://quotes.ino.com/exchanges/category.html?c=indexesThe June NASDAQ 100 closed lower on Friday due to pre-holiday profit taking but remains above the 10-day moving average crossing at 1842.35. The low-range close sets the stage for a steady to lower opening on Tuesday. 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 1890.88 are needed to confirm that a short-term low has been posted. If June resumes the early-week decline, this month's low crossing at 1730.25 is the next downside target. First resistance is today's high crossing at 1874.25. Second resistance is the 20-day moving average crossing at 1890.88. First support is Tuesday's low crossing at 1754.25. Second support is this month's low crossing at 1730.25.
The June S&P 500 index closed lower due to profit taking on Friday as it consolidated some of Thursday's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 1122.48 are needed to confirm that a low has been posted. If June renews the decline off April's high, February's low crossing at 1035.90 is the next downside target. First resistance is today's high crossing at 1106.70. Second resistance is the 20-day moving average crossing at 1122.46. First support is Tuesday's low crossing at 1036.60. Second support is February's low crossing at 1035.90.
The Dow closed lower on Friday as it consolidated some of Thursday's rally. The mid-range close sets the stage for a steady to lower opening on Tuesday. However, stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 10,501 are needed to confirm that a short-term low has been posted. If the Dow renews the decline off April's high, the 38% retracement level of the 2009-2010-rally crossing at 9,422 is the next downside target. First resistance is today's high crossing at 10,258. Second resistance is the 20-day moving average crossing at 10,501. First support is Tuesday's low crossing at 9,774. Second support is the 38% retracement level of the 2009-2010-rally crossing at 9,422.
INTEREST RATES http://quotes.ino.com/exchanges/category.html?c=interestJune T-bonds closed up 8/32's at 123-06.
June T-bonds closed higher due to short covering on Friday as it consolidated some of Thursday's decline but remains below the 10-day moving average crossing at 123-20. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI have turned bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 122-08 are needed to confirm that a short-term top has been posted. If June renews the rally off April's low, weekly resistance crossing at 126-25 is the next upside target. First resistance is Tuesday's high crossing at 126-15. Second resistance is weekly resistance crossing at 126-25. First support is Thursday's low crossing at 122-21. Second support is the 20-day moving average crossing at 122-08.
ENERGY MARKETS http://quotes.ino.com/exchanges/category.html?c=energyJuly crude oil closed lower due to profit taking 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 turning bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 76.51 are needed to confirm that a short-term low has been posted. If July renews this month's decline, last July's low crossing at 66.11 is the next downside target. First resistance is today's high crossing at 75.72. Second resistance is the 20-day moving average crossing at 76.51. First support is the 10-day moving average crossing at 71.83. Second support is Tuesday's low crossing at 67.15.
July heating oil closed slightly lower on Friday as it consolidated some of Thursday's rally but remains above the 10-day moving average crossing at 195.15. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 206.61 are needed to confirm that a short-term low has been posted. If July renews this month's decline, last July's low crossing at 177.62 is the next downside target. First resistance is today's high crossing at 204.10. Second resistance is the 20-day moving average crossing at 206.61. First support is Tuesday's low crossing at 184.83. Second support is last July's low crossing at 177.62.
July unleaded gas closed lower on Friday as it consolidated some of Thursday's rally but remains above initial resistance marked by the 10-day moving average crossing at 199.05. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are oversold and are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 210.63 would confirm that a short-term low has been posted. If July renews this month's decline, September's low crossing at 187.96 is the next downside target. First resistance is today's high crossing at 205.12. Second resistance is the 20-day moving average crossing at 210.63. First support is Tuesday's low crossing at 188.80. Second support is September's low crossing at 187.96. July Henry natural gas closed higher on Friday as it extended Thursday's breakout above the 10-day moving average crossing at 4.247. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, this month's high crossing at 4.587 is the next upside target. If July renews the decline off this month's high, this month's low crossing at 3.971 is the next downside target. First resistance is today's high crossing at 4.399. Second resistance is this month's high crossing at 4.587. First support is Tuesday's low crossing at 4.036. Second support is this month's low crossing at 3.971.
CURRENCIESThe June Dollar closed higher due to short covering on Friday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are diverging but are neutral to bullish signaling that sideways to higher prices are possible near-term. If June renews this year's rally, the 87% retracement level of 2009's decline on the weekly continuation chart crossing at 87.79 is the next upside target. Closes below the 20-day moving average crossing at 85.51 are needed to confirm that a short-term top has been posted. First resistance is last Wednesday's high crossing at 87.63. Second resistance is weekly resistance crossing at 87.79. First support is the 20-day moving average crossing at 85.51. Second support is last Friday's low crossing at 85.33.
The June Euro closed lower on Friday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are diverging but are bearish signaling that additional weakness is possible near-term. If June renews this year's decline, monthly support crossing at 118.350 is the next downside target. Closes above last Friday's high crossing at 126.740 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 125.594. Second resistance is last Friday's high crossing at 126.740. First support is last Wednesday's low crossing at 121.400. Second support is monthly support crossing at 118.350.
The June British Pound closed lower due to profit taking on Friday but remains above the 10-day moving average crossing at 1.4435. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bullish hinting that additional short covering gains are possible. Closes above the 20-day moving average crossing at 1.4664 are needed to confirm that a short-term low has been posted. If June renews this month's decline, the 87% retracement level of 2009's rally crossing at 1.4168 is the next downside target. First resistance is today's high crossing at 1.4613. Second resistance is the 20-day moving average crossing at 1.4664. First support is last Wednesday's low crossing at 1.4236. Second support is the 87% retracement level of 2009's rally crossing at 1.4168.
The June Swiss Franc closed lower on Friday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If June extends this month's decline, weekly support crossing at .8523 is the next downside target. Closes above the 20-day moving average crossing at .8855 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at .8693. Second resistance is the 20-day moving average crossing at .8855. First support is Tuesday's low crossing at .8562. Second support is weekly support crossing at .8523.
The June Canadian Dollar closed slightly lower on Friday but remains above the 10-day moving average crossing at 94.79. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 96.01 are needed to confirm that a short-term low has been posted. If June resumes the decline off last week's high, the 38% retracement level of the 2009-2010-rally crossing at 92.02 is the next downside target. First resistance is today's high crossing at 95.75. Second resistance is the 20-day moving average crossing at 96.01. First support is Tuesday's low crossing at 92.13. Second support is the 38% retracement level of the 2009-2010-rally crossing at 92.02.
The June Japanese Yen closed lower due to profit taking on Friday as it consolidated some of the late-May rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends last week's rally, this month's high crossing at .11375 is the next upside target. Closes below the 20-day moving average crossing at .10900 are needed to confirm that a short-term top has been posted. First resistance is last Thursday's high crossing at .11246. Second resistance is this month's high crossing at .11375. First support is today's low crossing at .10941. Second support is the 20-day moving average crossing at .10900.
PRECIOUS METALShttp://quotes.ino.com/exchanges/category.html?c=metals
June gold closed slightly higher on Friday as it consolidates above the 10-day moving average crossing at 1202.90. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, this month's high crossing at 1249.70 is the next upside target. First resistance is Thursday's high crossing at 1218.50. Second resistance is this month's high crossing at 1249.70. First support is last Friday's low crossing at 1166.00. Second support is the reaction low crossing at 1156.20.
July silver closed lower due to profit taking on Friday as it consolidated some of this week's short covering rally. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, the reaction high crossing at 18.890 is the next upside target. First resistance is today's high crossing at 18.645. Second resistance is the reaction high crossing at 18.890. First support is last Friday's low crossing at 17.410. Second support is the reaction low crossing at 17.080.
July copper closed lower due to profit taking on Friday but remains above the 20-day moving average crossing at 311.75. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, the reaction high crossing at 326.75 is the next upside target. If July renews the decline off April's high, February's low crossing at 285.25 is the next downside target. First resistance is today's high crossing at 318.70. Second resistance is the reaction high crossing at 326.75. First support is last Thursday's low crossing at 290.05. Second support is February's low crossing at 285.25.
FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=foodJuly coffee closed lower due to profit taking on Friday as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, this month's high crossing at 13.87 is the next upside target. Closes below the 10-day moving average crossing at 13.31 would temper the near-term friendly outlook in the market.
July cocoa closed lower on Friday as it consolidates some of the rally off last week's low. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, the reaction high crossing at 31.13 is the next upside target. Closes below the 10-day moving average crossing at 28.90 would confirm that a short-term top has been posted.
July sugar closed sharply lower due to profit taking on Friday and below the 20-day moving average signaling that a short-term top has been posted. The low-range close set the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought and are turning bearish signaling that sideways to lower prices are possible near-term. If July extends today's decline, the reaction low crossing at 13.81 is the next downside target. If July renews this winter's decline, monthly support crossing at 12.14 is the next downside target.
July cotton closed sharply lower due to profit taking on Friday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 79.25 would open the door for a larger-degree decline this spring. If July renews last week's rally, the reaction high crossing at 87.10 is the next upside target.
GRAINS http://quotes.ino.com/exchanges/category.html?c=grainsJuly Corn closed down 14 1/4-cents at 3.59.
July corn closed sharply lower on Friday as it consolidates some of the short covering rally off last week's low. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral signaling that sideways to lower prices are possible near-term. Closes below April's low crossing at 3.52 1/2 would open the door for a test of last September's low crossing at 3.33 3/4. If July extends the rally off last week's low, this month's high crossing at 3.85 is the next upside target. First resistance is Thursday's high crossing at 3.73 3/4. Second resistance is this month's high crossing at 3.85. First support is today's low crossing at 3.58 1/4. Second support is last Wednesday's low crossing at 3.53 1/2.
July wheat closed down 10-cents at 4.57 3/4.
July wheat closed lower on Friday as it extended this month's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral hinting that sideways trading is possible near-term. If July extends this month's decline, weekly support crossing at 4.39 1/4 is the next downside target. Closes above the 20-day moving average crossing at 4.81 3/4 would confirm that a short-term low has been posted. First resistance is Monday's high crossing at 4.76. Second resistance is the 20-day moving average crossing at 4.81 3/4. First support is Tuesday's low crossing at 4.56 1/4. Second support is weekly support crossing at 4.39 1/4.
July Kansas City Wheat closed down 11 1/4-cents at 4.81 1/2.
July Kansas City wheat closed sharply lower on Friday due to pre-holiday selling as is extended this month's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends this month's decline, March's low crossing at 4.73 is the next downside target. Closes above the 20-day moving average crossing at 5.00 1/4 are needed to confirm that a short-term low has been posted. First resistance is Thursday's high crossing at 5.00 1/4. Second resistance is the 20-day moving average crossing at 5.00 1/4. First support is today's low crossing at 4.80. Second support is March's low crossing at 4.73.
July Minneapolis wheat closed down 7 3/4-cents at 5.06.
July Minneapolis wheat closed lower on Friday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but are neutral signaling that additional weakness is possible near-term. If July extends this month's decline, March's low crossing at 4.92 1/2 is the next downside target. Closes above the 20-day moving average crossing at 5.21 1/4 are needed to confirm that a short-term low has been posted. First resistance is Thursday's high crossing at 5.20 1/2. Second support is the 20-day moving average crossing at 5.21 1/4. First support is Tuesday's low crossing at 5.02. Second support is March's low crossing at 4.92 1/2.
SOYBEAN COMPLEX July soybeans closed down 14-cents at 9.37 3/4.
July soybeans closed higher due to pre-holiday profit taking on Friday and the low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bullish signaling that additional short covering gains are possible near-term. Closes above the 20-day moving average crossing at 9.53 3/4 are needed to confirm that a short-term low has been posted. If July renews the decline off April's high, February's low crossing at 9.20 is the next downside target. First resistance is the 20-day moving average crossing at 9.53 3/4. Second resistance is today's high crossing at 9.56. First support is Tuesday's low crossing at 9.27 1/2. Second support is February's low crossing at 9.20.
July soybean meal closed down $2.50 at $273 50.
July soybean meal closed lower on Friday as it as it consolidated some of Thursday's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold, diverging and are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the reaction high crossing at 279.90 are needed to confirm that a short-term low has been posted. If July extends the decline off April's high, fib support crossing at 268.40 is the next downside target. First resistance is the 20-day moving average crossing at 277.40. Second resistance is the reaction high crossing at 279.90. First support is Tuesday's low crossing at 270.00. Second support is fib support crossing at 268.40.
July soybean oil closed down 57 pts. at 37.61.
July soybean oil closed lower on Friday and below the 20-day moving average crossing at 37.91 as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, the reaction high crossing at 38.88 is the next upside target. If July resumes this month's decline, February's low crossing at 36.70 is the next downside target. First resistance is Thursday's high crossing at 38.52. Second resistance is the reaction high crossing at 38.88. First support is the 10-day moving average crossing at 37.45. Second support is Tuesday's low crossing at 36.82.
LIVESTOCK http://quotes.ino.com/exchanges/category.html?c=livestockJune hogs closed up $0.68 at $81.85.
June hogs closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 83.35 are needed to confirm that a short-term low has been posted. If June renews the decline off April's high, the 38% retracement level of the August-April rally crossing at 78.34 is the next downside target. First resistance is today's high crossing at 82.05. Second resistance is the 20-day moving average crossing at 83.35. First support is last Thursday's low crossing at 79.90. Second support is the 38% retracement level of the August-April rally crossing at 78.34.
July bellies closed up $0.85 at $102.90.
July bellies closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, this month's high crossing at 103.50 is the next upside target. If July renews last week's decline, the reaction low crossing at 95.75 is the next downside target. First resistance is Monday's high crossing at 103.00. Second resistance is this month's high crossing at 103.50. First support is last Monday's low crossing at 98.55. Second support is the reaction low crossing at 95.75.
June cattle closed down $1.05 at 90.53.
June cattle closed lower on Friday ending a two-day short covering rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this month's decline, the 62% retracement level of the December-May rally crossing at 88.53 is the next downside target. Closes above the 20-day moving average crossing at 93.63 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 91.46. Second resistance is the 20-day moving average crossing at 93.63. First support is Tuesday's low crossing at 89.78. Second support is the 62% retracement level of the December-May rally crossing at 88.53.
August feeder cattle closed down $0.08 at $108.42.
August Feeder cattle closed lower on Friday ending a two-day short covering bounce. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If August extends this month's decline, the 62% retracement level of the December-April rally crossing at 104.81 is the next downside target. Closes above the 20-day moving average crossing at 112.69 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 109.91. Second resistance is the 20-day moving average crossing at 112.69. First support is Tuesday's low crossing at 107.23. Second support is the 62% retracement level of the December-April rally crossing at 104.81.
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E X T R E M E F U T U R E S____________________________________________________________________________
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WINNERS
BCX.N11 CBOT SOYBEAN CRUSH INDEX Jul 2011 70.25 5.25 +8.54
LB.U10 LUMBER (RANDOM LENGTH) Sep 2010 242.0 6.2 +2.64
EMX MSCI EMERGING MARKETS INDEX 916.70 12.52 +1.38
NG.V10 NATURAL GAS Oct 2010 4.572 0.045 +0.99
PB.N10 FROZEN PORK BELLIES Jul 2010 102.90 0.85 +0.83
LH.M10 LEAN HOGS Jun 2010 81.850 0.675 +0.83
FV.U10 5 YEAR T-NOTES Sep 2010 116.671875 0.429688 +0.37
AA.Y$$ BUTTER (SPOT) Cash 1557.5 5.0 +0.32
TY.U10 10 YEAR T-NOTES Sep 2010 119.87500 0.37500 +0.31
RR.U10 ROUGH RICE Sep 2010 11.665 0.035 +0.30
LOSERS
BCX.G11 CBOT SOYBEAN CRUSH INDEX Feb 2011 63.75 -2.50 -4.13
YC.N10 CORN (MINI) Jul 2010 359.00 -14.25 -3.83
C.N10 CORN Jul 2010 359.00 -14.25 -3.83
DA.Q10 MILK CLASS III Aug 2010 14.00 -0.45 -3.11
O.N10 OATS Jul 2010 191.0 -5.5 -2.80
KW.N10 HARD RED WINTER WHEAT Jul 2010 481.50 -11.25 -2.27
YW.N10 WHEAT (MINI) Jul 2010 457.75 -10.00 -2.13
W.N10 WHEAT Jul 2010 457.75 -10.00 -2.13
RB.Y$$ CHEESE-BARRELS (SPOT) Cash 1430.0 -30.0 -2.05
HG.N10 COPPER Jul 2010 3.1045 -0.0540 -1.71
E X T R E M E S T O C K S
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WINNERS
CKXE CKX 5.31 0.99 +22.92
SEED ORIGIN AGRITECH LTD 9.30 1.21 +14.96
ITWG INTL WIRE GROUP 10.50 1.25 +13.51
MGPI MGP INGREDIENTS INSURED 6.77 0.77 +12.83
GW GARDA WORLD SECURITY CORP 8.64 0.92 +11.92
BSET BASSETT FURNITURE IND 5.94 0.62 +11.65
CBCDQ COLONIAL BANCGGP PR 7.99 0.75 +10.36
SUMR SUMMER INFANT 8.24 0.74 +9.87
SGQ SOUTHGOBI RESOURCES LTD 12.65 1.05 +9.05
BTN BALLANTYNE of OMAHA 8.20 0.66 +8.75
LOSERS
DJSP DJSP ENTERPRISES 6.50 -2.37 -26.72
BCSI BLUE COAT SYSTEMS INC 21.49 -7.35 -25.49
UVV UNIVERSAL CORP 40.86 -7.64 -15.75
SURW SUREWEST COMMUNICATIONS 6.13 -0.82 -11.80
ATPG ATP OIL & GAS 10.64 -1.41 -11.70
CITZ CFS BANCORP 5.2201 -0.6799 -11.52
OII OCEANEERING INTL 46.3296 -5.7204 -10.99
TTI TETRA TECHNOLOGIES INC 10.060 -1.210 -10.74
NC NACCO INDUSTRIES INC A 84.6400 -9.6600 -10.24
IFLG INFOLOGIX 6.09 -0.67 -9.91
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