S&P 500
2100.40
+19.22 +0.92%
Dow Indu
18034.93
+208.63 +1.16%
Nasdaq
4995.92
+64.11 +1.28%
Crude Oil
57.57
-0.31 -0.54%
Gold
1196.430
+1.660 +0.14%
Euro
1.072200
-0.000750 -0.07%
US Dollar
98.197
+0.296 +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

May coffee closed unchanged on Monday. The high-range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If May renews the rally off March's low, the reaction high crossing at 15.18 is the next upside target. Closes below March's low crossing at 12.88 would renew this winter's decline.

May cocoa gapped down and closed below the 20-day moving average crossing at 27.82 on Tuesday confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends today's decline, March's low crossing at 26.79 is the next downside target. Closes above today's gap crossing at 28.37 would temper the near-term bearish outlook.

May sugar closed lower on Monday. The low-range close set the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that sideways to lower prices are possible. Closes below the 20-day moving average crossing at 12.68 would confirm that a short-term top has been posted. If May resumes this month's rally, the reaction high crossing at 13.65 is the next upside target.

May cotton closed lower on Monday as it extends this month's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or is near. If May extends the aforementioned decline, the reaction low crossing at 62.17 is the next downside target. Closes above the 10-day moving average crossing at 64.92 are needed to confirm that a short-term low has been posted.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

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