The June Dollar was lower overnight as it extends this week's decline below the 20-day moving average crossing at 88.70. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If June extends this week's decline, the reaction low crossing at 86.75 is the next downside target. Closes above the 10-day moving average crossing at 89.10 would signal that a short-term low has likely been posted. First resistance is the 20-day moving average crossing at 88.70. Second resistance is the 10-day moving average crossing at 89.10. First support is Thursday's low crossing at 87.66. Second support is the reaction low crossing at 86.75.
The June Euro was higher overnight as it extends this week's rally above the 20-day moving average crossing at 127.049. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible. Closes above the reaction high crossing at 129.830 are needed to confirm that a short-term low has been posted. If June renews the decline off December's high, October's low crossing at 123.640 is the next downside target. First resistance is the overnight high crossing at 129.610. Second resistance is the reaction high crossing at 129.830. First support is the 20-day moving average crossing at 127.049. Second support is last Wednesday's low crossing at 124.560.
The June British Pound was higher overnight and is trading above the 10-day moving average crossing at 1.3981. Stochastics and the RSI are oversold but are turning bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 1.4159 are needed to confirm that a short-term low has been posted. If June extends this month's decline, January's low crossing at 1.3618 is the next downside target. First resistance is the overnight high crossing at 1.4077. Second resistance is the 20-day moving average crossing at 1.4159. First support is Wednesday's low crossing at 1.3662. Second support is January low crossing at 1.3618.
The June Swiss Franc was steady to slightly higher overnight due to short covering as it consolidates some of Thursday's decline. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If June extends this year's decline, October's low crossing at .8239 is the next downside target. Closes above the reaction high crossing at .8776 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at .8581. Second resistance is Tuesday's high crossing at .8776. First support is Thursday's low crossing at .8377. Second support is October's low crossing at .8239.
The June Canadian Dollar was lower overnight as it extends this month's trading range. Stochastics and the RSI are turning bullish hinting that sideways trading is possible near-term. If June renews this winter's decline, monthly support crossing at 73.91 is the next downside target. Closes above the 20-day moving average crossing at 78.84 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 78.84. Second resistance is the reaction high crossing at 80.77. First support is Monday's low crossing at 76.66. Second support is monthly support crossing at 73.91.
The June Japanese Yen was lower overnight as it extends this month's trading range. Stochastics and the RSI are bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at .10373 are needed to confirm that a short-term low has been posted. If June renews this year's decline, the 75% retracement level of the August-January rally crossing at .9799 is the next downside target. First resistance is the 20-day moving average crossing at .10373. Second resistance is Thursday's high crossing at .10474. First support is last Thursday's low crossing at .10054. Second support is the 75% retracement level of the August-January rally crossing at .9799.

April crude oil was slightly higher overnight as it extends Thursday's rally. 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 42.72 are needed to confirm that a short-term top has been posted. If April renews the rally off February's low, the reaction high crossing at 50.88 is the next upside target. First resistance is Monday's high crossing at 48.83. Second resistance is the reaction high crossing at 50.88. First support is the 10-day moving average crossing at 44.56. Second support is the 20-day moving average crossing at 42.72.
April heating oil was lower due to profit taking overnight as it consolidates some of Thursday's rally. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. If April extends this week's decline, monthly support crossing at 107.35 is the next downside target. Closes above the reaction high crossing at 130.32 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 126.99. Second resistance is the reaction high crossing at 130.32. First support is Wednesday's low crossing at 112.52. Second support is monthly support crossing at 107.35.
April unleaded gas was mostly steady overnight as it consolidates some of Thursday's decline. Stochastics and the RSI are turning neutral signaling that sideways to higher prices are possible near-term. If April extends Thursday's rally, the reaction high crossing near 139.43 is the next upside target. Closes below Thursday's low crossing at 124.04 would open the door for a larger- degree setback during the last half of March. First resistance is Thursday's high crossing at 135.53. Second resistance is the reaction high crossing at 139.43. First support is Thursday's low crossing at 124.04. Second support is trendline support crossing near 117.00.
April Henry natural gas was steady to slightly higher overnight as it extends Thursday's short covering rally. Stochastics and the RSI are oversold and are turning bullish signaling that a short- term low might be in or is near. Closes above the reaction high crossing at 4.380 are needed to confirm that a bottom has been posted. If April extends this year's decline, monthly support crossing at 3.390 is the next downside target. First resistance is the 10-day moving average crossing at 4.030. Second resistance is the 20-day moving average crossing at 4.097. First support is Thursday's low crossing at 3.759. Second support is monthly support crossing at 3.390.

May coffee closed sharply higher on Thursday and above the 20-day moving average crossing at 11.043 signaling that a short- term low has been posted. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If May extends today's rally, the reaction high crossing at 11.495 is the next upside target. Closes below the 10-day moving average crossing at 10.785 would temper the near-term friendly outlook in the market.
May cocoa closed higher on Thursday and tested the 20-day moving average crossing at 24.05. The high-range close sets the stage for a steady to higher opening on Friday. 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 24.05 are needed to confirm that a low has been posted. If May renews last week's decline, the 75% retracement level of the October-February crossing at 21.62 is the next downside target.
May sugar closed higher on Thursday and tested the 20-day moving average crossing at 13.10. The high-range close set the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning bullish signaling that a short-term low might be in or is near. Closes above last Wednesday's high crossing at 13.34 are needed to temper the near-term bearish outlook in the market. If May extends this week's decline, the reaction low crossing at 11.81 is the next downside target.
May cotton closed higher on Thursday due to short covering as it extends this month's trading range. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bullish signaling that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 43.24 are needed to confirm that a bottom has been posted. If May extends this year's decline, November's low crossing at 40.25 is the next downside target.

May corn was higher as it extended Thursday's rally overnight. The high-range close overnight sets the stage for a steady to higher opening when the day session begins later this morning. Stochastics and the RSI remain bullish signaling that a short-term low might be in or is near. If May extends this week's rally, the reaction high crossing at 3.93 is the next upside target. Closes below the 20-day moving average crossing at 3.64 3/4 would temper the near-term friendly outlook in the market. First resistance is the overnight high crossing at 3.86 3/4. Second resistance is the reaction high crossing at 3.93. First support is the 20-day moving average crossing at 3.64 3/4. Second support is the reaction low crossing at 3.57.
May wheat was fractionally higher overnight due to short covering as it consolidates some of Wednesday's decline. The mid-range close sets the stage for a steady opening when the day session begins trading later this morning. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. If May renews the decline off January's high, December's low crossing at 4.84 1/4 is the next downside target. Closes above the reaction high crossing at 5.44 3/4 are needed to confirm that a short-term low has been posted. First resistance is Monday's high crossing at 5.39 3/4. Second resistance is the reaction high crossing at 5.44 3/4. First support is Wednesday's low crossing at 5.06 1/2. Second support is this month's low crossing at 4.98 1/2.
May Kansas City Wheat closed up 15-cents at 5.76.
Kansas City Wheat posted an inside day with a higher close on Thursday and above the 20-day moving average crossing at 5.65 3/4. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral signaling that sideways to higher prices are possible near-term. Closes above Tuesday's high crossing at 5.88 are needed to renew this month's rally. If May extends Wednesday's decline, gap support crossing at 5.51 is the next downside target. First resistance is Tuesday's high crossing at 5.88. Second resistance is the reaction high crossing at 6.15. First support is Wednesday's low crossing at 5.58 1/2. Second support is the gap crossing at 5.51.
May Minneapolis wheat was higher due to short covering overnight as it consolidates some of Wednesday's decline. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. If May extends Wednesday's decline, this month's low crossing at 5.87 1/2 is the next downside target. Closes above Tuesday's high crossing at 6.32 are needed to renew this month's rally. First resistance is Tuesday's high crossing at 6.32. Second resistance is the reaction high crossing at 6.38 3/4. First support is Wednesday's low crossing at 6.03 1/4. Second support is this month's low crossing at 5.87 1/2.

May soybeans were higher overnight due to short covering as it consolidates some of Wednesday's decline. The high-range overnight close sets the stage for a steady to higher opening when the day session begins later this morning. Stochastics and the RSI remain bullish hinting that a low might be in or is near. Closes above Tuesday's high crossing at 8.95 are needed to confirm that a short- term low has been posted. If May renews this year's decline, the 87% retracement level of the December-January rally crossing at 8.21 3/4 is the next downside target.
May soybean meal was higher overnight as it extends Thursday's breakout above the 20-day moving average crossing at 271.00. The high-range close overnight set the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If May extends this week's rally, the 38% retracement level of the January-February decline crossing at 283.80 is the next upside target. Closes below the 10-day moving average crossing at 267.90 are needed to confirm that a short-term low has been posted.
May soybean oil was slightly higher overnight due to short covering as it consolidates some of Wednesday's huge decline. The high-range close sets the stage for a steady to higher opening when the day session begins later this morning. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. If May extends Wednesday's decline, December's low crossing at 28.89 is the next downside target. Closes above the reaction high crossing at 32.57 are needed to confirm that a bottom has been posted. First resistance is the 10-day moving average crossing at 30.59. Second resistance is the 20-day moving average crossing at 30.97. First support is Wednesday's low crossing at 29.70. Second support is December's low crossing at 28.89.

The June NASDAQ 100 was higher overnight as it extends Thursday's rally above the 20-day moving average crossing at 1132.62. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, the reaction high crossing at 1195.00 is the next upside target. Closes below the 10-day moving average crossing at 1102.32 would temper the near-term friendly outlook in the market. First resistance is the overnight high crossing at 1170.75. Second resistance is the reaction high crossing at 1195.00. First support is the 20-day moving average crossing at 1132.62. Second support is the 10-day moving average crossing at 1102.32. The June NASDAQ 100 was up 7.75 pts. at 1170.75 as of 5:57 AM CST. Overnight action sets the stage for a higher opening by March NASDAQ 100 when the day session begins later this morning.
The June S&P 500 index was higher as it extends Thursday's rally above the 20-day moving average crossing at 736.51. Stochastics and the RSI remain bullish signaling that additional gains are possible. If June extends this week's rally, the reaction high crossing at 775.00 is the next upside target. Closes below the 10-day moving average crossing at 706.70 would temper the near- term friendly outlook in the market. First resistance is the overnight high crossing at 755.60. Second resistance is the reaction high crossing at 775.00. First support is the 20-day moving average crossing at 736.51. Second support is the 10-day moving average crossing at 706.72. The June S&P 500 Index was up 5.80 pts. at 754.20 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by the March S&P 500 index when the day session begins later this morning.

June T-bonds were lower overnight as it consolidates some of Thursday's short covering rally. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. June is range bound and needs to close above the reaction high crossing at 129-02 or below the reaction low crossing at 123-04 to confirm a breakout and point the direction of the next trending move. First resistance is last Friday's high crossing at 128-00. Second resistance is the reaction high crossing at 129-02. First support is Wednesday's low crossing at 124-00. Second support is the reaction low crossing at 123-04.

April hogs closed up $1.90 at $62.25.
April hogs closed higher on Thursday ending a three-day correction off Monday's high. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If April extends this week's decline, the reaction low crossing at 59.85 is the next downside target. If April renews the rally off February's low, the reaction high crossing at 64.05 is the next upside target. First resistance is Monday's high crossing at 63.15. Second resistance is gap resistance crossing at 63.35. First support is Wednesday's low crossing at 60.25. Second support is the reaction low crossing at 59.85.
May bellies closed up $1.55 at $84.05.
May bellies closed higher on Thursday extending the rally off February's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends today's rally, the reaction high crossing at 85.35 is the next upside target. Closes below the 20-day moving average crossing at 80.20 would confirm that a top has been posted. First resistance is today's high crossing at 84.10. Second resistance is the reaction high crossing at 85.35. First support is the 10-day moving average crossing at 81.39. Second support is the 20-day moving average crossing at 80.20.
April cattle closed up $1.35 at 83.90.
April cattle closed higher on Thursday as it consolidated some of Wednesday's decline. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are diverging and are turning neutral hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 84.37 would temper the near-term bearish outlook. Closes above the reaction high crossing at 86.37 are needed to confirm that a short-term low has been posted. If April extends Wednesday's decline, weekly support crossing at 80.10 is the next downside target.
April feeder cattle closed up $0.85 at $91.20.
April Feeder cattle closed higher on Thursday due to short covering as it consolidated some of Wednesday's decline. The high- range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning neutral signaling that sideways to lower prices are possible near-term. If April extends Wednesday's decline, February's low crossing at 88.87 is the next downside target. Closes above the 20-day moving average crossing at 92.15 are needed to temper the near-term bearish outlook in the market. Closes above the reaction high crossing at 94.75 are needed to renew the rally off February's low.

April gold was lower overnight due to profit taking as it consolidates some of Thursday's rally. Stochastics and the RSI are oversold but are neutral to bullish signaling that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 944.10 are needed to confirm that a short-term low has been posted. If April renews this week's decline, the 38% retracement level of the October-February rally crossing at 886.70 is the next downside target. First resistance is the 20-day moving average crossing at 944.10. Second resistance is the reaction high crossing at 964.00. First support is Tuesday's low crossing at 891.10. Second support is the 38% retracement level crossing at 886.70.
May silver was higher due to short covering overnight as it consolidates some of this week's decline. Stochastics and the RSI are oversold but are turning neutral signaling that a short-term low might be in or is near. If May renews last week's decline, the 38% retracement level of the October-February rally crossing at 12.358 is the next downside target. Closes above the 20-day moving average crossing at 13.421 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 13.421. Second resistance is the reaction high crossing at 13.520. First support is last Tuesday's low crossing at 12.430. Second support is the 38% retracement level crossing at 12.358.
May copper was higher overnight due to short covering as it consolidates above the 10-day moving average crossing at 164.11. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Closes below the 20-day moving average crossing at 156.94 would temper the near-term friendly outlook in the market. If May renews the rally off February's low, the 25% retracement level of the 2008 decline crossing at 192.28 is the next upside target. First resistance is last Wednesday's high crossing at 173.70. Second resistance is the 25% retracement level crossing at 192.28. First support is Thursday's low crossing at 158.50. Second support is the 20-day moving average crossing at 156.94.