S&P 500
2449.06
+20.69 +0.85%
Dow Indu
21860.40
+156.65 +0.72%
Nasdaq
6291.76
+78.63 +1.27%
Crude Oil
47.84
+0.31 +0.65%
Gold
1286.33
-2.80 -0.22%
Euro
1.175710
-0.005375 -0.46%
US Dollar
93.438
+0.352 +0.38%
Strong

Market Commentary

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

FOOD & FIBER

December coffee closed lower on Monday as it extends the decline off August's high. 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 December extends the aforementioned decline, the reaction low crossing at 12.68 is the next downside target. Closes above the 20-day moving average crossing at 13.98 would confirm that a short-term low has been posted.

December cocoa closed higher on Monday as it consolidates some of this month's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 19.82 would confirm that a short-term low has been posted. If December renews the decline off July's high, July's low crossing at 18.21 is the next downside target.

October sugar closed higher on Monday as it consolidated some of this month's decline. The high-range close set the stage for a steady to higher 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 13.87 would confirm that a short-term low has been posted. If October extends this month's decline, June's low crossing at 12.74 is the next downside target.

October cotton closed higher on Monday as it consolidates some of this month's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that a low might be in or is near. Closes above the 50-day moving average crossing at 69.82 would temper the near-term bearish outlook. If October extends this month's decline, July's low crossing at 66.28 is the next downside target.

© Copyright INO.com, Inc. All Rights Reserved.