Morning Commodity Insight (MCI): Technical Analysis and Trade Setup in Major Commodity Markets

Time (CT)

Event

Consensus

Prior

Impact

Affected

7:30 AM

US: Housing Starts & Permits

1.410M

1.502M

MEDIUM

Indices

9:00 AM

US: Pending Home Sales

0.9%

1.5%

HIGH

Indices

3:30 PM

US: API Weekly Crude Oil Stocks

—

—

MEDIUM

Energy

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MACRO

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Bloomberg Commodity Index (ERM26) | TPI: 0.78 | Bias: BULLISH | Obj: 144.49

TECH: Close: 143.13 | High: 143.29 | Low: 141.41 | R2: 144.49 | R1: 143.81 | Pivot: 142.61 | S1: 141.93 | S2: 140.73 | Weekly Pivot: 142.46 | TPI: 0.78 | Min Fluc: 0.01 ($1.00)

TECHNICAL STRUCTURE:

Price above weekly pivot (142.46) — supportive.

Entry: Buy at Daily Pivot (142.61) or on strength above 143.81. Initial stop based on risk tolerance.

Risk: Stop below 141.93. Once 143.81 is reached, trail stop to Daily Pivot (142.61).

Targets: Initial 143.81, extended 144.49.

Invalidation: Bias negated if settlement closes below 141.93.

MARGIN: Initial: $937 | Maintenance: $833 | Min Fluc: 0.01 ($1.00)

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GRAINS & OILSEEDS

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Corn (ZCEN26) | TPI: 0.78 | Bias: BULLISH | Obj: 487.00

TECH: Close: 477.00 | High: 478.00 | Low: 464.00 | R2: 487.00 | R1: 482.00 | Pivot: 473.00 | S1: 468.00 | S2: 459.00 | Weekly Pivot: 472.25 | TPI: 0.78 | Min Fluc: 0.25 ($12.50)

TECHNICAL STRUCTURE:

Price above weekly pivot (472.25) — supportive.

Entry: Buy at Daily Pivot (473.00) or on strength above 482.00. Initial stop based on risk tolerance.

Risk: Stop below 468.00. Once 482.00 is reached, trail stop to Daily Pivot (473.00).

Targets: Initial 482.00, extended 487.00.

Invalidation: Bias negated if settlement closes below 468.00.

MARGIN: Initial: $1,073 | Maintenance: $975 | Min Fluc: 0.25 ($12.50)

Soybeans (ZSEN26) | TPI: 0.69 | Bias: BULLISH | Obj: 1235.00

TECH: Close: 1213.00 | High: 1218.50 | Low: 1191.00 | R2: 1235.00 | R1: 1224.00 | Pivot: 1207.50 | S1: 1196.50 | S2: 1180.00 | Weekly Pivot: 1206.75 | TPI: 0.69 | Min Fluc: 0.25 ($12.50)

TECHNICAL STRUCTURE:

Price above weekly pivot (1206.75) — supportive.

Entry: Buy at Daily Pivot (1207.50) or on strength above 1224.00. Initial stop based on risk tolerance.

Risk: Stop below 1196.50. Once 1224.00 is reached, trail stop to Daily Pivot (1207.50).

Targets: Initial 1224.00, extended 1235.00.

Invalidation: Bias negated if settlement closes below 1196.50.

MARGIN: Initial: $2,200 | Maintenance: $2,000 | Min Fluc: 0.25 ($12.50)

Soybean Oil (ZLEN26) | TPI: 0.80 | Bias: BULLISH | Obj: 76.87

TECH: Close: 75.63 | High: 75.84 | Low: 74.19 | R2: 76.87 | R1: 76.25 | Pivot: 75.22 | S1: 74.60 | S2: 73.57 | Weekly Pivot: 74.81 | TPI: 0.80 | Min Fluc: 0.01 ($6.00)

TECHNICAL STRUCTURE:

Price above weekly pivot (74.81) — supportive.

Entry: Buy at Daily Pivot (75.22) or on strength above 76.25. Initial stop based on risk tolerance.

Risk: Stop below 74.60. Once 76.25 is reached, trail stop to Daily Pivot (75.22).

Targets: Initial 76.25, extended 76.87.

Invalidation: Bias negated if settlement closes below 74.60.

MARGIN: Initial: $2,310 | Maintenance: $2,100 | Min Fluc: 0.01 ($6.00)

Soybean Meal (ZMEN26) | TPI: 0.29 | Bias: BEARISH | Obj: 330.0

TECH: Close: 334.5 | High: 340.6 | Low: 334.2 | R2: 342.8 | R1: 338.7 | Pivot: 336.4 | S1: 332.3 | S2: 330.0 | Weekly Pivot: 333.6 | TPI: 0.29 | Min Fluc: 0.1 ($10.00)

TECHNICAL STRUCTURE:

Price above weekly pivot (333.6) — supportive.

Entry: Sell at Daily Pivot (336.4) or on weakness below 332.3. Initial stop based on risk tolerance.

Risk: Stop above 338.7. Once 332.3 is reached, trail stop to Daily Pivot (336.4).

Targets: Initial 332.3, extended 330.0.

Invalidation: Bias negated if settlement closes above 338.7.

MARGIN: Initial: $1,705 | Maintenance: $1,550 | Min Fluc: 0.1 ($10.00)

Chicago Wheat (ZWAN26) | TPI: 0.73 | Bias: BULLISH | Obj: 678.75

TECH: Close: 664.50 | High: 666.00 | Low: 646.00 | R2: 678.75 | R1: 671.75 | Pivot: 658.75 | S1: 651.75 | S2: 638.75 | Weekly Pivot: 661.50 | TPI: 0.73 | Min Fluc: 0.25 ($12.50)

TECHNICAL STRUCTURE:

Price above weekly pivot (661.50) — supportive.

Entry: Buy at Daily Pivot (658.75) or on strength above 671.75. Initial stop based on risk tolerance.

Risk: Stop below 651.75. Once 671.75 is reached, trail stop to Daily Pivot (658.75).

Targets: Initial 671.75, extended 678.75.

Invalidation: Bias negated if settlement closes below 651.75.

MARGIN: Initial: $2,035 | Maintenance: $1,850 | Min Fluc: 0.25 ($12.50)

KC HRW Wheat (KWEN26) | TPI: 0.53 | Bias: NEUTRAL

TECH: Close: 703.75 | High: 709.00 | Low: 693.75 | R2: 717.50 | R1: 710.50 | Pivot: 702.25 | S1: 695.25 | S2: 687.00 | Weekly Pivot: 711.50 | TPI: 0.53 | Min Fluc: 0.25 ($12.50)

TECHNICAL STRUCTURE:

Price below weekly pivot (711.50) — watch for reclaim.

Entry: Range-bound between 695.25 and 710.50. Await breakout.

Targets: Breakout above 710.50 targets 717.50, breakdown below 695.25 targets 687.00.

MARGIN: Initial: $1,980 | Maintenance: $1,800 | Min Fluc: 0.25 ($12.50)

Oats (ZOEN26) | TPI: 0.88 | Bias: BULLISH | Obj: 378.75

TECH: Close: 373.00 | High: 373.00 | Low: 364.25 | R2: 378.75 | R1: 376.00 | Pivot: 370.00 | S1: 367.25 | S2: 361.25 | Weekly Pivot: 366.00 | TPI: 0.88 | Min Fluc: 0.25 ($12.50)

TECHNICAL STRUCTURE:

Price above weekly pivot (366.00) — supportive.

Entry: Buy at Daily Pivot (370.00) or on strength above 376.00. Initial stop based on risk tolerance.

Risk: Stop below 367.25. Once 376.00 is reached, trail stop to Daily Pivot (370.00).

Targets: Initial 376.00, extended 378.75.

Invalidation: Bias negated if settlement closes below 367.25.

MARGIN: Initial: $1,375 | Maintenance: $1,250 | Min Fluc: 0.25 ($12.50)

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LIVESTOCK

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Feeder Cattle (GFQ26) | TPI: 0.30 | Bias: BEARISH | Obj: 354.575

TECH: Close: 358.850 | High: 363.750 | Low: 358.100 | R2: 365.875 | R1: 362.375 | Pivot: 360.225 | S1: 356.725 | S2: 354.575 | Weekly Pivot: 359.450 | TPI: 0.30 | Min Fluc: 0.025 ($12.50)

TECHNICAL STRUCTURE:

Price below weekly pivot (359.450) — watch for reclaim.

Entry: Sell at Daily Pivot (360.225) or on weakness below 356.725. Initial stop based on risk tolerance.

Risk: Stop above 362.375. Once 356.725 is reached, trail stop to Daily Pivot (360.225).

Targets: Initial 356.725, extended 354.575.

Invalidation: Bias negated if settlement closes above 362.375.

MARGIN: Initial: $6,600 | Maintenance: $6,000 | Min Fluc: 0.025 ($12.50)

Live Cattle (GLEM26) | TPI: 0.36 | Bias: BEARISH | Obj: 251.400

TECH: Close: 253.375 | High: 255.775 | Low: 253.100 | R2: 256.750 | R1: 255.075 | Pivot: 254.075 | S1: 252.400 | S2: 251.400 | Weekly Pivot: 252.225 | TPI: 0.36 | Min Fluc: 0.025 ($10.00)

TECHNICAL STRUCTURE:

Price above weekly pivot (252.225) — supportive.

Entry: Sell at Daily Pivot (254.075) or on weakness below 252.400. Initial stop based on risk tolerance.

Risk: Stop above 255.075. Once 252.400 is reached, trail stop to Daily Pivot (254.075).

Targets: Initial 252.400, extended 251.400.

Invalidation: Bias negated if settlement closes above 255.075.

MARGIN: Initial: $3,630 | Maintenance: $3,300 | Min Fluc: 0.025 ($10.00)

Lean Hogs (HEM26) | TPI: 0.16 | Bias: BEARISH | Obj: 97.100

TECH: Close: 98.525 | High: 100.450 | Low: 98.425 | R2: 101.150 | R1: 99.850 | Pivot: 99.125 | S1: 97.825 | S2: 97.100 | Weekly Pivot: 99.575 | TPI: 0.16 | Min Fluc: 0.025 ($10.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (99.575) — watch for reclaim.

Entry: Sell at Daily Pivot (99.125) or on weakness below 97.825. Initial stop based on risk tolerance.

Risk: Stop above 99.850. Once 97.825 is reached, trail stop to Daily Pivot (99.125).

Targets: Initial 97.825, extended 97.100.

Invalidation: Bias negated if settlement closes above 99.850.

MARGIN: Initial: $1,870 | Maintenance: $1,700 | Min Fluc: 0.025 ($10.00)

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SOFTS

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Cotton (CTEN26) | TPI: 0.66 | Bias: BULLISH | Obj: 86.01

TECH: Close: 83.70 | High: 84.10 | Low: 81.04 | R2: 86.01 | R1: 84.85 | Pivot: 82.95 | S1: 81.79 | S2: 79.89 | Weekly Pivot: 84.17 | TPI: 0.66 | Min Fluc: 0.01 ($5.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (84.17) — watch for reclaim.

Entry: Buy at Daily Pivot (82.95) or on strength above 84.85. Initial stop based on risk tolerance.

Risk: Stop below 81.79. Once 84.85 is reached, trail stop to Daily Pivot (82.95).

Targets: Initial 84.85, extended 86.01.

Invalidation: Bias negated if settlement closes below 81.79.

MARGIN: Initial: $2,123 | Maintenance: $1,930 | Min Fluc: 0.01 ($5.00)

Sugar #11 (SBEN26) | TPI: 0.38 | Bias: BEARISH | Obj: 14.37

TECH: Close: 14.73 | High: 14.95 | Low: 14.57 | R2: 15.13 | R1: 14.93 | Pivot: 14.75 | S1: 14.55 | S2: 14.37 | Weekly Pivot: 14.91 | TPI: 0.38 | Min Fluc: 0.01 ($11.20)

TECHNICAL STRUCTURE:

Price below weekly pivot (14.91) — watch for reclaim.

Entry: Sell at Daily Pivot (14.75) or on weakness below 14.55. Initial stop based on risk tolerance.

Risk: Stop above 14.93. Once 14.55 is reached, trail stop to Daily Pivot (14.75).

Targets: Initial 14.55, extended 14.37.

Invalidation: Bias negated if settlement closes above 14.93.

MARGIN: Initial: $875 | Maintenance: $795 | Min Fluc: 0.01 ($11.20)

Coffee (KCEN26) | TPI: 0.18 | Bias: BEARISH | Obj: 259.25

TECH: Close: 264.20 | High: 270.15 | Low: 263.45 | R2: 272.65 | R1: 268.40 | Pivot: 265.95 | S1: 261.70 | S2: 259.25 | Weekly Pivot: 271.45 | TPI: 0.18 | Min Fluc: 0.05 ($18.75)

TECHNICAL STRUCTURE:

Price below weekly pivot (271.45) — watch for reclaim.

Entry: Sell at Daily Pivot (265.95) or on weakness below 261.70. Initial stop based on risk tolerance.

Risk: Stop above 268.40. Once 261.70 is reached, trail stop to Daily Pivot (265.95).

Targets: Initial 261.70, extended 259.25.

Invalidation: Bias negated if settlement closes above 268.40.

MARGIN: Initial: $7,376 | Maintenance: $6,705 | Min Fluc: 0.05 ($18.75)

Cocoa (CCEN26) | TPI: 0.29 | Bias: BEARISH | Obj: 3590

TECH: Close: 3791 | High: 3953 | Low: 3721 | R2: 4054 | R1: 3922 | Pivot: 3822 | S1: 3690 | S2: 3590 | Weekly Pivot: 4064 | TPI: 0.29 | Min Fluc: 1 ($10.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (4064) — watch for reclaim.

Entry: Sell at Daily Pivot (3822) or on weakness below 3690. Initial stop based on risk tolerance.

Risk: Stop above 3922. Once 3690 is reached, trail stop to Daily Pivot (3822).

Targets: Initial 3690, extended 3590.

Invalidation: Bias negated if settlement closes above 3922.

MARGIN: Initial: $6,534 | Maintenance: $5,940 | Min Fluc: 1 ($10.00)

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METALS

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Micro Gold (MGCM26) | TPI: 0.54 | Bias: NEUTRAL

TECH: Close: 4558.0 | High: 4588.6 | Low: 4483.5 | R2: 4648.5 | R1: 4603.2 | Pivot: 4543.4 | S1: 4498.1 | S2: 4438.3 | Weekly Pivot: 4608.3 | TPI: 0.54 | Min Fluc: 0.1 ($1.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (4608.3) — watch for reclaim.

Entry: Range-bound between 4498.1 and 4603.2. Await breakout.

Targets: Breakout above 4603.2 targets 4648.5, breakdown below 4498.1 targets 4438.3.

Globex: Overnight electronic session last traded 4590.5, up 32.5 from the prior settle (4558.0) — above the daily pivot, between the pivot (4543.4) and R1 resistance (4603.2).

MARGIN: Initial: $4,886 | Maintenance: $4,348 | Min Fluc: 0.1 ($1.00)

Micro Silver (SILN26) | TPI: 0.54 | Bias: NEUTRAL

TECH: Close: 77.444 | High: 78.620 | Low: 74.110 | R2: 81.235 | R1: 79.340 | Pivot: 76.725 | S1: 74.830 | S2: 72.215 | Weekly Pivot: 80.555 | TPI: 0.54 | Min Fluc: 0.005 ($5.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (80.555) — watch for reclaim.

Entry: Range-bound between 74.830 and 79.340. Await breakout.

Targets: Breakout above 79.340 targets 81.235, breakdown below 74.830 targets 72.215.

Globex: Overnight electronic session last traded 79.200, up 1.756 from the prior settle (77.444) — above the daily pivot, between the pivot (76.725) and R1 resistance (79.340).

MARGIN: Initial: $10,604 | Maintenance: $9,437 | Min Fluc: 0.005 ($5.00)

Copper (CPEN26) | TPI: 0.59 | Bias: NEUTRAL

TECH: Close: 6.3155 | High: 6.3370 | Low: 6.2070 | R2: 6.4165 | R1: 6.3660 | Pivot: 6.2865 | S1: 6.2360 | S2: 6.1565 | Weekly Pivot: 6.4130 | TPI: 0.59 | Min Fluc: 0.0005 ($12.50)

TECHNICAL STRUCTURE:

Price below weekly pivot (6.4130) — watch for reclaim.

Entry: Range-bound between 6.2360 and 6.3660. Await breakout.

Targets: Breakout above 6.3660 targets 6.4165, breakdown below 6.2360 targets 6.1565.

Globex: Overnight electronic session last traded 6.3405, up 0.0250 from the prior settle (6.3155) — above the daily pivot, between the pivot (6.2865) and R1 resistance (6.3660).

MARGIN: Initial: $13,200 | Maintenance: $12,000 | Min Fluc: 0.0005 ($12.50)

Platinum (PLEN26) | TPI: 0.38 | Bias: BEARISH | Obj: 1931.9

TECH: Close: 1977.4 | High: 2000.8 | Low: 1955.0 | R2: 2023.5 | R1: 2000.5 | Pivot: 1977.7 | S1: 1954.7 | S2: 1931.9 | Weekly Pivot: 2050.0 | TPI: 0.38 | Min Fluc: 0.1 ($5.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (2050.0) — watch for reclaim.

Entry: Sell at Daily Pivot (1977.7) or on weakness below 1954.7. Initial stop based on risk tolerance.

Risk: Stop above 2000.5. Once 1954.7 is reached, trail stop to Daily Pivot (1977.7).

Targets: Initial 1954.7, extended 1931.9.

Invalidation: Bias negated if settlement closes above 2000.5.

Globex: Overnight electronic session last traded 1994.3, up 16.9 from the prior settle (1977.4) — above the daily pivot, between the pivot (1977.7) and R1 resistance (2000.5).

MARGIN: Initial: $11,988 | Maintenance: $10,898 | Min Fluc: 0.1 ($5.00)

Palladium (PAEM26) | TPI: 0.42 | Bias: NEUTRAL

TECH: Close: 1421.00 | High: 1444.00 | Low: 1396.50 | R2: 1468.00 | R1: 1444.50 | Pivot: 1420.50 | S1: 1397.00 | S2: 1373.00 | Weekly Pivot: 1455.00 | TPI: 0.42 | Min Fluc: 0.5 ($50.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (1455.00) — watch for reclaim.

Entry: Range-bound between 1397.00 and 1444.50. Await breakout.

Targets: Breakout above 1444.50 targets 1468.00, breakdown below 1397.00 targets 1373.00.

Globex: Overnight electronic session last traded 1429.50, up 8.50 from the prior settle (1421.00) — above the daily pivot, between the pivot (1420.50) and R1 resistance (1444.50).

MARGIN: Initial: $18,783 | Maintenance: $17,075 | Min Fluc: 0.5 ($50.00)

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ENERGY

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Crude Oil (CLEM26) | TPI: 0.81 | Bias: BULLISH | Obj: 113.75

TECH: Close: 108.66 | High: 109.47 | Low: 102.65 | R2: 113.75 | R1: 111.20 | Pivot: 106.93 | S1: 104.38 | S2: 100.11 | Weekly Pivot: 105.38 | TPI: 0.81 | Min Fluc: 0.01 ($10.00)

TECHNICAL STRUCTURE:

Price above weekly pivot (105.38) — supportive.

Entry: Buy at Daily Pivot (106.93) or on strength above 111.20. Initial stop based on risk tolerance.

Risk: Stop below 104.38. Once 111.20 is reached, trail stop to Daily Pivot (106.93).

Targets: Initial 111.20, extended 113.75.

Invalidation: Bias negated if settlement closes below 104.38.

Globex: Overnight electronic session last traded 107.37, down 1.29 from the prior settle (108.66) — above the daily pivot, between the pivot (106.93) and R1 resistance (111.20).

MARGIN: Initial: $13,124 | Maintenance: $11,680 | Min Fluc: 0.01 ($10.00)

RBOB Gasoline (RBEM26) | TPI: 0.79 | Bias: BULLISH | Obj: 3.8492

TECH: Close: 3.7607 | High: 3.7777 | Low: 3.6619 | R2: 3.8492 | R1: 3.8050 | Pivot: 3.7334 | S1: 3.6892 | S2: 3.6176 | Weekly Pivot: 3.6877 | TPI: 0.79 | Min Fluc: 0.0001 ($4.20)

TECHNICAL STRUCTURE:

Price above weekly pivot (3.6877) — supportive.

Entry: Buy at Daily Pivot (3.7334) or on strength above 3.8050. Initial stop based on risk tolerance.

Risk: Stop below 3.6892. Once 3.8050 is reached, trail stop to Daily Pivot (3.7334).

Targets: Initial 3.8050, extended 3.8492.

Invalidation: Bias negated if settlement closes below 3.6892.

Globex: Overnight electronic session last traded 3.6970, down 0.0637 from the prior settle (3.7607) — below the daily pivot, between S1 support (3.6892) and the pivot (3.7334).

MARGIN: Initial: $11,884 | Maintenance: $10,576 | Min Fluc: 0.0001 ($4.20)

Heating Oil (HOEM26) | TPI: 0.67 | Bias: BULLISH | Obj: 4.2622

TECH: Close: 4.1145 | High: 4.1675 | Low: 3.9990 | R2: 4.2622 | R1: 4.1883 | Pivot: 4.0937 | S1: 4.0198 | S2: 3.9252 | Weekly Pivot: 4.0520 | TPI: 0.67 | Min Fluc: 0.0001 ($4.20)

TECHNICAL STRUCTURE:

Price above weekly pivot (4.0520) — supportive.

Entry: Buy at Daily Pivot (4.0937) or on strength above 4.1883. Initial stop based on risk tolerance.

Risk: Stop below 4.0198. Once 4.1883 is reached, trail stop to Daily Pivot (4.0937).

Targets: Initial 4.1883, extended 4.2622.

Invalidation: Bias negated if settlement closes below 4.0198.

Globex: Overnight electronic session last traded 4.0508, down 0.0637 from the prior settle (4.1145) — below the daily pivot, between S1 support (4.0198) and the pivot (4.0937).

MARGIN: Initial: $19,043 | Maintenance: $16,948 | Min Fluc: 0.0001 ($4.20)

Natural Gas (NGEM26) | TPI: 0.56 | Bias: NEUTRAL

TECH: Close: 3.024 | High: 3.090 | Low: 2.967 | R2: 3.150 | R1: 3.087 | Pivot: 3.027 | S1: 2.964 | S2: 2.904 | Weekly Pivot: 2.971 | TPI: 0.56 | Min Fluc: 0.001 ($10.00)

TECHNICAL STRUCTURE:

Price above weekly pivot (2.971) — supportive.

Entry: Range-bound between 2.964 and 3.087. Await breakout.

Targets: Breakout above 3.087 targets 3.150, breakdown below 2.964 targets 2.904.

Globex: Overnight electronic session last traded 3.024, unchanged from the prior settle (3.024) — below the daily pivot, between S1 support (2.964) and the pivot (3.027).

MARGIN: Initial: $6,050 | Maintenance: $5,384 | Min Fluc: 0.001 ($10.00)

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CURRENCIES

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Euro FX (EU6M26) | TPI: 0.34 | Bias: BEARISH | Obj: 1.15955

TECH: Close: 1.16440 | High: 1.16760 | Low: 1.16235 | R2: 1.17005 | R1: 1.16720 | Pivot: 1.16480 | S1: 1.16195 | S2: 1.15955 | Weekly Pivot: 1.16915 | TPI: 0.34 | Min Fluc: 0.00005 ($6.25)

TECHNICAL STRUCTURE:

Price below weekly pivot (1.16915) — watch for reclaim.

Entry: Sell at Daily Pivot (1.16480) or on weakness below 1.16195. Initial stop based on risk tolerance.

Risk: Stop above 1.16720. Once 1.16195 is reached, trail stop to Daily Pivot (1.16480).

Targets: Initial 1.16195, extended 1.15955.

Invalidation: Bias negated if settlement closes above 1.16720.

Globex: Overnight electronic session last traded 1.16720, up 0.00280 from the prior settle (1.16440) — in the upper resistance band, between R1 (1.16720) and R2 (1.17005).

MARGIN: Initial: $2,640 | Maintenance: $2,400 | Min Fluc: 0.00005 ($6.25)

Canadian Dollar (CA6M26) | TPI: 0.36 | Bias: BEARISH | Obj: 0.72655

TECH: Close: 0.72810 | High: 0.72910 | Low: 0.72745 | R2: 0.72985 | R1: 0.72900 | Pivot: 0.72820 | S1: 0.72735 | S2: 0.72655 | Weekly Pivot: 0.72925 | TPI: 0.36 | Min Fluc: 0.00005 ($5.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (0.72925) — watch for reclaim.

Entry: Sell at Daily Pivot (0.72820) or on weakness below 0.72735. Initial stop based on risk tolerance.

Risk: Stop above 0.72900. Once 0.72735 is reached, trail stop to Daily Pivot (0.72820).

Targets: Initial 0.72735, extended 0.72655.

Invalidation: Bias negated if settlement closes above 0.72900.

Globex: Overnight electronic session last traded 0.72875, up 0.00065 from the prior settle (0.72810) — above the daily pivot, between the pivot (0.72820) and R1 resistance (0.72900).

MARGIN: Initial: $990 | Maintenance: $900 | Min Fluc: 0.00005 ($5.00)

Australian Dollar (DA6M26) | TPI: 0.39 | Bias: BEARISH | Obj: 0.70810

TECH: Close: 0.71445 | High: 0.71805 | Low: 0.71150 | R2: 0.72120 | R1: 0.71785 | Pivot: 0.71465 | S1: 0.71130 | S2: 0.70810 | Weekly Pivot: 0.71755 | TPI: 0.39 | Min Fluc: 0.00005 ($5.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (0.71755) — watch for reclaim.

Entry: Sell at Daily Pivot (0.71465) or on weakness below 0.71130. Initial stop based on risk tolerance.

Risk: Stop above 0.71785. Once 0.71130 is reached, trail stop to Daily Pivot (0.71465).

Targets: Initial 0.71130, extended 0.70810.

Invalidation: Bias negated if settlement closes above 0.71785.

Globex: Overnight electronic session last traded 0.71715, up 0.00270 from the prior settle (0.71445) — above the daily pivot, between the pivot (0.71465) and R1 resistance (0.71785).

MARGIN: Initial: $2,090 | Maintenance: $1,900 | Min Fluc: 0.00005 ($5.00)

Swiss Franc (SF6M26) | TPI: 0.39 | Bias: BEARISH | Obj: 1.27015

TECH: Close: 1.27600 | High: 1.27925 | Low: 1.27325 | R2: 1.28215 | R1: 1.27910 | Pivot: 1.27615 | S1: 1.27310 | S2: 1.27015 | Weekly Pivot: 1.27990 | TPI: 0.39 | Min Fluc: 0.00005 ($6.25)

TECHNICAL STRUCTURE:

Price below weekly pivot (1.27990) — watch for reclaim.

Entry: Sell at Daily Pivot (1.27615) or on weakness below 1.27310. Initial stop based on risk tolerance.

Risk: Stop above 1.27910. Once 1.27310 is reached, trail stop to Daily Pivot (1.27615).

Targets: Initial 1.27310, extended 1.27015.

Invalidation: Bias negated if settlement closes above 1.27910.

Globex: Overnight electronic session last traded 1.27880, up 0.00280 from the prior settle (1.27600) — above the daily pivot, between the pivot (1.27615) and R1 resistance (1.27910).

MARGIN: Initial: $4,400 | Maintenance: $4,000 | Min Fluc: 0.00005 ($6.25)

Japanese Yen (JY6M26) | TPI: 0.13 | Bias: BEARISH | Obj: 0.0062875

TECH: Close: 0.0063010 | High: 0.0063200 | Low: 0.0063005 | R2: 0.0063265 | R1: 0.0063140 | Pivot: 0.0063070 | S1: 0.0062945 | S2: 0.0062875 | Weekly Pivot: 0.0063335 | TPI: 0.13 | Min Fluc: 0.0000005 ($6.25)

TECHNICAL STRUCTURE:

Price below weekly pivot (0.0063335) — watch for reclaim.

Entry: Sell at Daily Pivot (0.0063070) or on weakness below 0.0062945. Initial stop based on risk tolerance.

Risk: Stop above 0.0063140. Once 0.0062945 is reached, trail stop to Daily Pivot (0.0063070).

Targets: Initial 0.0062945, extended 0.0062875.

Invalidation: Bias negated if settlement closes above 0.0063140.

Globex: Overnight electronic session last traded 0.0063110, up 0.0000100 from the prior settle (0.0063010) — above the daily pivot, between the pivot (0.0063070) and R1 resistance (0.0063140).

MARGIN: Initial: $2,860 | Maintenance: $2,600 | Min Fluc: 0.0000005 ($6.25)

British Pound (BP6M26) | TPI: 0.54 | Bias: NEUTRAL

TECH: Close: 1.3401 | High: 1.3449 | Low: 1.3302 | R2: 1.3531 | R1: 1.3466 | Pivot: 1.3384 | S1: 1.3319 | S2: 1.3237 | Weekly Pivot: 1.3438 | TPI: 0.54 | Min Fluc: 0.0001 ($6.25)

TECHNICAL STRUCTURE:

Price below weekly pivot (1.3438) — watch for reclaim.

Entry: Range-bound between 1.3319 and 1.3466. Await breakout.

Targets: Breakout above 1.3466 targets 1.3531, breakdown below 1.3319 targets 1.3237.

Globex: Overnight electronic session last traded 1.3433, up 0.0032 from the prior settle (1.3401) — above the daily pivot, between the pivot (1.3384) and R1 resistance (1.3466).

MARGIN: Initial: $2,090 | Maintenance: $1,900 | Min Fluc: 0.0001 ($6.25)

Mexican Peso (MX6M26) | TPI: 0.47 | Bias: NEUTRAL

TECH: Close: 0.057620 | High: 0.057810 | Low: 0.057430 | R2: 0.058000 | R1: 0.057810 | Pivot: 0.057620 | S1: 0.057430 | S2: 0.057240 | Weekly Pivot: 0.057690 | TPI: 0.47 | Min Fluc: 0.00001 ($5.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (0.057690) — watch for reclaim.

Entry: Range-bound between 0.057430 and 0.057810. Await breakout.

Targets: Breakout above 0.057810 targets 0.058000, breakdown below 0.057430 targets 0.057240.

Globex: Overnight electronic session last traded 0.057780, up 0.000160 from the prior settle (0.057620) — above the daily pivot, between the pivot (0.057620) and R1 resistance (0.057810).

MARGIN: Initial: $1,210 | Maintenance: $1,100 | Min Fluc: 0.00001 ($5.00)

Dollar Index (DXEM26) | TPI: 0.59 | Bias: NEUTRAL

TECH: Close: 99.105 | High: 99.340 | Low: 98.865 | R2: 99.580 | R1: 99.340 | Pivot: 99.105 | S1: 98.865 | S2: 98.630 | Weekly Pivot: 98.760 | TPI: 0.59 | Min Fluc: 0.005 ($5.00)

TECHNICAL STRUCTURE:

Price above weekly pivot (98.760) — supportive.

Entry: Range-bound between 98.865 and 99.340. Await breakout.

Targets: Breakout above 99.340 targets 99.580, breakdown below 98.865 targets 98.630.

MARGIN: Initial: $2,171 | Maintenance: $1,974 | Min Fluc: 0.005 ($5.00)

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INDICES

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Micro E-mini S&P 500 (MESM26) | TPI: 0.53 | Bias: NEUTRAL

TECH: Close: 7425.75 | High: 7454.25 | Low: 7373.50 | R2: 7498.50 | R1: 7462.25 | Pivot: 7417.75 | S1: 7381.50 | S2: 7337.00 | Weekly Pivot: 7443.00 | TPI: 0.53 | Min Fluc: 0.25 ($1.25)

TECHNICAL STRUCTURE:

Price below weekly pivot (7443.00) — watch for reclaim.

Entry: Range-bound between 7381.50 and 7462.25. Await breakout.

Targets: Breakout above 7462.25 targets 7498.50, breakdown below 7381.50 targets 7337.00.

Globex: Overnight electronic session last traded 7435.00, up 9.25 from the prior settle (7425.75) — above the daily pivot, between the pivot (7417.75) and R1 resistance (7462.25).

MARGIN: Initial: $2,719 | Maintenance: $2,419 | Min Fluc: 0.25 ($1.25)

Micro E-mini Nasdaq 100 (MNQM26) | TPI: 0.44 | Bias: NEUTRAL

TECH: Close: 29096.00 | High: 29419.75 | Low: 28814.75 | R2: 29715.25 | R1: 29405.50 | Pivot: 29110.25 | S1: 28800.50 | S2: 28505.25 | Weekly Pivot: 29206.75 | TPI: 0.44 | Min Fluc: 0.25 ($0.50)

TECHNICAL STRUCTURE:

Price below weekly pivot (29206.75) — watch for reclaim.

Entry: Range-bound between 28800.50 and 29405.50. Await breakout.

Targets: Breakout above 29405.50 targets 29715.25, breakdown below 28800.50 targets 28505.25.

Globex: Overnight electronic session last traded 29160.75, up 64.75 from the prior settle (29096.00) — above the daily pivot, between the pivot (29110.25) and R1 resistance (29405.50).

MARGIN: Initial: $4,081 | Maintenance: $3,632 | Min Fluc: 0.25 ($0.50)

Micro E-mini Dow (MYMM26) | TPI: 0.70 | Bias: BULLISH | Obj: 50281

TECH: Close: 49768 | High: 49845 | Low: 49152 | R2: 50281 | R1: 50025 | Pivot: 49588 | S1: 49332 | S2: 48895 | Weekly Pivot: 49737 | TPI: 0.70 | Min Fluc: 1 ($0.50)

TECHNICAL STRUCTURE:

Price above weekly pivot (49737) — supportive.

Entry: Buy at Daily Pivot (49588) or on strength above 50025. Initial stop based on risk tolerance.

Risk: Stop below 49332. Once 50025 is reached, trail stop to Daily Pivot (49588).

Targets: Initial 50025, extended 50281.

Invalidation: Bias negated if settlement closes below 49332.

Globex: Overnight electronic session last traded 49793, up 25 from the prior settle (49768) — above the daily pivot, between the pivot (49588) and R1 resistance (50025).

MARGIN: Initial: $1,669 | Maintenance: $1,485 | Min Fluc: 1 ($0.50)

Micro E-mini Russell 2000 (M2KM26) | TPI: 0.35 | Bias: BEARISH | Obj: 2732.00

TECH: Close: 2782.70 | High: 2817.30 | Low: 2762.00 | R2: 2842.60 | R1: 2812.70 | Pivot: 2787.30 | S1: 2757.40 | S2: 2732.00 | Weekly Pivot: 2809.50 | TPI: 0.35 | Min Fluc: 0.1 ($0.50)

TECHNICAL STRUCTURE:

Price below weekly pivot (2809.50) — watch for reclaim.

Entry: Sell at Daily Pivot (2787.30) or on weakness below 2757.40. Initial stop based on risk tolerance.

Risk: Stop above 2812.70. Once 2757.40 is reached, trail stop to Daily Pivot (2787.30).

Targets: Initial 2757.40, extended 2732.00.

Invalidation: Bias negated if settlement closes above 2812.70.

Globex: Overnight electronic session last traded 2789.00, up 6.30 from the prior settle (2782.70) — above the daily pivot, between the pivot (2787.30) and R1 resistance (2812.70).

MARGIN: Initial: $1,184 | Maintenance: $1,053 | Min Fluc: 0.1 ($0.50)

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CRYPTO / INTEREST RATE

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Micro Bitcoin (MBTK26) | TPI: 0.33 | Bias: BEARISH | Obj: 74655

TECH: Close: 76895 | High: 78495 | Low: 76015 | R2: 79615 | R1: 78255 | Pivot: 77135 | S1: 75775 | S2: 74655 | Weekly Pivot: 78410 | TPI: 0.33 | Min Fluc: 5 ($0.50)

TECHNICAL STRUCTURE:

Price below weekly pivot (78410) — watch for reclaim.

Entry: Sell at Daily Pivot (77135) or on weakness below 75775. Initial stop based on risk tolerance.

Risk: Stop above 78255. Once 75775 is reached, trail stop to Daily Pivot (77135).

Targets: Initial 75775, extended 74655.

Invalidation: Bias negated if settlement closes above 78255.

Globex: Overnight electronic session last traded 77060, up 165 from the prior settle (76895) — below the daily pivot, between S1 support (75775) and the pivot (77135).

MARGIN: Initial: $2,882 | Maintenance: $2,564 | Min Fluc: 5 ($0.50)

Ether (ETHRK26) | TPI: 0.36 | Bias: BEARISH | Obj: 2017.50

TECH: Close: 2124.00 | High: 2192.50 | Low: 2078.50 | R2: 2245.50 | R1: 2185.00 | Pivot: 2131.50 | S1: 2071.00 | S2: 2017.50 | Weekly Pivot: 2184.50 | TPI: 0.36 | Min Fluc: 0.5 ($25.00)

TECHNICAL STRUCTURE:

Price below weekly pivot (2184.50) — watch for reclaim.

Entry: Sell at Daily Pivot (2131.50) or on weakness below 2071.00. Initial stop based on risk tolerance.

Risk: Stop above 2185.00. Once 2071.00 is reached, trail stop to Daily Pivot (2131.50).

Targets: Initial 2071.00, extended 2017.50.

Invalidation: Bias negated if settlement closes above 2185.00.

Globex: Overnight electronic session last traded 2133.00, up 9.00 from the prior settle (2124.00) — above the daily pivot, between the pivot (2131.50) and R1 resistance (2185.00).

MARGIN: Initial: $57,442 | Maintenance: $51,123 | Min Fluc: 0.5 ($25.00)

3-Month SOFR (SR3M26) | TPI: 0.14 | Bias: BEARISH | Obj: 96.325

TECH: Close: 96.335 | High: 96.347 | Low: 96.335 | R2: 96.350 | R1: 96.345 | Pivot: 96.340 | S1: 96.330 | S2: 96.325 | Weekly Pivot: 96.340 | TPI: 0.14 | Min Fluc: 0.005 ($12.50)

TECHNICAL STRUCTURE:

Price below weekly pivot (96.340) — watch for reclaim.

Entry: Sell at Daily Pivot (96.340) or on weakness below 96.330. Initial stop based on risk tolerance.

Risk: Stop above 96.345. Once 96.330 is reached, trail stop to Daily Pivot (96.340).

Targets: Initial 96.330, extended 96.325.

Invalidation: Bias negated if settlement closes above 96.345.

Globex: Overnight electronic session last traded 96.340, up 0.005 from the prior settle (96.335) — above the daily pivot, between the pivot (96.340) and R1 resistance (96.345).

MARGIN: Initial: $907 | Maintenance: $807 | Min Fluc: 0.005 ($12.50)