The March Dollar closed lower due to profit taking on Tuesday as it consolidated some of last week's rally but remains above the 38% retracement level of the 2009-2010-decline crossing at 79.71. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways prices are possible near-term. If March extends this winter's rally, the 50% retracement level of the 2009-2010-decline crossing at 81.32 is the next upside target. Closes below the 20-day moving average crossing at 78.77 are needed to confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 80.82. Second resistance is the 50% retracement level of the 2009-2001-decline crossing at 81.32. First support is the 10-day moving average crossing at 79.69. Second support is the 20-day moving average crossing at 78.77.

The March Euro closed higher due to short covering on Tuesday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 140.610 are needed to confirm that a short-term low has been posted. If March extends this winter's decline, the 62% retracement level of the 2008-2009-rally crossing at 134.493 is the next downside target. First resistance is the 10-day moving average crossing at 138.493. Second resistance is the 20-day moving average crossing at 140.610. First support is last Friday's low crossing at 135.840. Second support is the 62% retracement level of the 2008-2009-rally crossing at 134.493.

The March British Pound closed higher due to short covering on Tuesday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 50% retracement level of 2009's rally crossing at 1.5381 is the next downside target. Closes above the 20-day moving average crossing at 1.6054 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.5874. Second resistance is the 20-day moving average crossing at 1.6054. First support is Monday's low crossing at 1.5531. Second support is the 50% retracement level of 2009's rally crossing at 1.5381.

The March Swiss Franc closed higher due to short covering on Tuesday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at .9558 are needed to confirm that a short-term low has been posted. If March extends the decline off November's high, the 50% retracement level of the 2008-2009-rally crossing at .9192 is the next downside target. First resistance is the 10-day moving average crossing at .9429. Second resistance is the 20-day moving average crossing at .9558. First support is last Friday's low crossing at .9264. Second support is the 50% retracement level of the 2008-2009-rally crossing at .9192.

The March Canadian Dollar closed higher due to short covering on Tuesday as it consolidated some of the decline off January's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 95.58 are needed to confirm that a short-term low has been posted. If March extends the decline off January's high, November's low crossing at 92.17 is the next downside target. First resistance is the 10-day moving average crossing at 94.29. Second resistance is last Wednesday's high crossing at 94.83. First support is last Friday's low crossing at 92.74. Second support is November's low crossing at 92.17.

The March Japanese Yen closed lower on Tuesday as it consolidated some of last week's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are diverging but have turned bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off January's low, the 62% retracement level of the November-January decline crossing at .11364 is the next upside target. Closes below last Wednesday's low crossing at .10957 would confirm that a short-term top has been posted. First resistance is last Thursday's high crossing at .11295. Second resistance is the 62% retracement level of the November-January decline crossing at .11364. First support is the 10-day moving average crossing at .11120. Second support is last Wednesday's low crossing at .11039.

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March crude oil closed higher on optimism over a financial rescue package for Greece on Tuesday as it extended the rebounded off the 87% retracement level of the September-January rally crossing at 69.58. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but are turning neutral with today's rally signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 75.80 are needed to confirm that a short-term low has been posted. If March extends the decline off January's high, September's low crossing at 67.46 is the next downside target. First resistance is today's high crossing at 74.15. Second resistance is the 20-day moving average crossing at 75.80. First support is last Friday's low crossing at 69.50. Second support is September's low crossing at 67.46.

March heating oil closed higher on Monday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but are turning neutral hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 198.94 are needed to confirm that a short-term low has been posted. If March extends this winter's decline, September's low crossing at 179.95 is the next downside target. First resistance is today's high crossing at 194.99. Second resistance is the 20-day moving average crossing at 198.94. First support is last Friday's low crossing at 182.72. Second support is September's low crossing at 179.95.

March unleaded gas closed higher due to short covering on Tuesday as it consolidated some of the decline off January's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but are bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 87% retracement level of the September-January rally crossing at 178.69 is the next downside target. Closes above the 20-day moving average crossing at 199.27 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 194.38. Second resistance is the 20-day moving average crossing at 199.27. First support is last Friday's low crossing at 184.19. Second support is the 87% retracement level of the September-January rally crossing at 178.69.

March Henry natural gas closed lower on Tuesday and below the 10-day moving average crossing at 5.343 following yesterday's downside reversal. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning neutral to bearish hinting that sideways to lower prices are possible near-term. Closes below last Thursday's low crossing at 5.227 are needed to confirm that a short-term top has been posted. If March extends the rally off January's low, the reaction high crossing at 5.804 is the next upside target. First resistance is Monday's high crossing at 5.680. Second resistance is the reaction high crossing at 5.804. First support is last Thursday's low crossing at 5.227. Second support is January's low crossing at 5.060.

FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

March coffee closed lower on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold, diverging but are bearish signaling that additional weakness is possible near-term. If March extends the decline off December's high, September's low crossing at 12.28 is the next downside target. Closes above the 20-day moving average crossing at 13.65 are needed to confirm that a short-term low has been posted.

March cocoa closed lower on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this year's decline, the 38% retracement level of the 2008-2009-rally crossing at 29.32 is the next downside target. Closes above the 20-day moving average crossing at 32.62 are needed to confirm that a low has been posted.

March sugar closed higher due to short covering on Tuesday as it extended Monday's rebound off the 25% retracement level of the 2009-2010-rally crossing at 25.80. The low-range close set the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If March extends last week's decline, the 38% retracement level of the 2009-2010-rally crossing at 23.35 is the next downside target. Closes above the 20-day moving average crossing at 28.39 would temper the near-term bearish outlook.

March cotton closed limit up on Tuesday following today's bullish supply-demand report. The USDA raised its outlook for 2009-10 cotton exports to 12 million bales from 11 million bales last month. The export adjustment was regarded as very bullish to the market, which resulted in today's limit up rally. The limit up close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If March extends today's rally, the reaction high crossing at 74.49 is the next upside target.

GRAINS http://quotes.ino.com/exchanges/?c=grains

March Corn closed up 2 1/2-cents at 3.55 1/2.

March corn closed higher on Tuesday following this morning's neutral to friendly supply-demand report. The USDA estimates 2009-10 U.S. carryout at 1.719 billion bushels, compared to the average analyst estimate of 1.748 billion bushels and the USDA's January estimate of 1.764. The corn ending stocks were dropped by 50 million bushels, as ethanol usage was increased by 100 million bushels and exports were cut by 50 million bushels. Profit taking tempered early gains and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 3.65 1/4 are needed to confirm that a short-term low has been posted. If March extends this year's decline, the 75% retracement level of the September-January rally crossing at 3.42 3/4 is the next downside target. First resistance is the 20-day moving average crossing at 3.65 1/4. Second resistance is last Wednesday's high crossing at 3.68 1/4. First support is last Friday's low crossing at 3.47 1/2. Second support is the 75% retracement level of the September-January rally crossing at 3.42 3/4.

March wheat closed down 1 3/4-cents at 4.82 1/4.

March wheat closed lower on Tuesday as it consolidated some of Monday's rally. The USDA pegged the U.S. 2009-2010 wheat carryout at 981 million bushels vs. the average analyst estimate of 973 million bushels and the USDA January estimate of 976 million. Wheat's supply-demand report was bearish but was close enough to the trade estimate. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI have turned bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 4.94 1/2 are needed to confirm that a short-term low has been posted. If March extends this winter's decline, October's low crossing at 4.59 is the next downside target. First resistance is the 20-day moving average crossing at 4.94 1/2. Second resistance is last Wednesday's high crossing at 4.94 3/4. First support is last Thursday's low crossing at 4.66 1/2. Second support is October's low crossing at 4.59.

March Kansas City Wheat closed down 5 1/2-cents at 4.90.

March Kansas City wheat closed lower on Tuesday as it consolidated some of Monday's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI have turned bullish hinting that a low might be near. Closes above the January 19th gap crossing at 5.11 1/2 are needed to confirm that a short-term low has been posted. If March extends the decline off January's high, October's low crossing at 4.75 1/4 is the next downside target. First resistance is the 20-day moving average crossing at 5.01 1/4. Second resistance is last Tuesday's high crossing at 5.03. First support is last Friday's low crossing at 4.80 3/4. Second support is October's low crossing at 4.75 1/4.

March Minneapolis wheat closed down 6-cents at 5.05 3/4.

March Minneapolis wheat closed lower due to profit taking following a bearish supply-demand report on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI have turned bullish hinting that a short-term low might be near. Closes above the reaction high crossing at 5.16 3/4 are needed to confirm that a short-term low has been posted. If March extends this winter's decline, September's low crossing at 4.93 is the next downside target. First resistance is the 20-day moving average crossing at 5.13. Second resistance is last Tuesday's high crossing at 5.16 3/4. First support is last Friday's low crossing at 4.97. Second support is September's low crossing at 4.93.

SOYBEAN COMPLEX

March soybeans closed down 5-cents at 9.24 1/2.

March soybeans closed lower due to hedge-related selling and bearish supply outlooks on Tuesday as it consolidated some of Monday's rally. The USDA projected 2009-10 soybean-ending stocks of 210 million bushels, down 35 million from the January estimate of 245 million. Analysts on average estimated ending stocks of 219 million bushels. Soybean exports were raised 25 million bushels to 1.400 billion, and soybean crush was raised 10 million bushels to 1.720 billion. The low-range close sets the stage for a steady to lower opening on Wednesday. Despite today's setback, stochastics and the RSI are turning bullish hinting that a low might be near. Closes above the 20-day moving average crossing at 9.41 3/4 are needed to confirm that a short-term low has been posted. If March renews this winter's decline, October's low crossing at 8.88 1/4 is the next downside target. First resistance is the 20-day moving average crossing at 9.41 3/4. Second resistance is today's high crossing at 9.44. First support is last Thursday's low crossing at 9.00. Second support is October's low crossing at 8.88 1/4.

March soybean meal closed down $3.80 at $270.60.

March soybean meal posted a key reversal down on Tuesday ending the rebound off last Thursday's low. The low-range close sets the stage for a steady to lower opening on Wednesday. Despite today's decline, stochastics and the RSI are turning bullish hinting that a low might be near. Closes above the 20-day moving average crossing at 280.90 are needed to confirm that a short-term low has been posted. If March extends this winter's decline, October's low crossing at 262.00 is the next downside target. First resistance is today's high crossing near 278.20. Second resistance is the 20-day moving average crossing at 280.90. First support is last Thursday's low crossing at 265.60. Second support is October's low crossing at 262.00.

March soybean oil closed up 43 pts. at 38.38.

March soybean oil closed higher on Tuesday as it extended Monday's breakout above the 20-day moving average crossing at 37.20. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If March extends this month's rebound, the reaction high crossing at 39.02 is the next upside target. Closes below the 10-day moving average crossing at 36.97 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 38.60. Second resistance is the reaction high crossing at 39.02. First support is the 20-day moving average crossing at 37.20. Second support is the 10-day moving average crossing at 36.97.

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The March NASDAQ 100 closed higher due to short covering on Tuesday as it extended the rebound off the 75% retracement level of the November-January rally crossing at 1711.43. Today's mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are diverging but are turning neutral hinting that a low might be in or is near. Closes above last Thursday's high crossing at 1792.00 are needed to confirm that a short-term low has been posted. If March extends the decline off January's high, the 87% retracement level of the November-January rally crossing at 1679.96 is the next downside target. First resistance is last Thursday's high crossing at 1792.00. Second resistance is the 20-day moving average crossing at 1804.22. First support is last Friday's low crossing at 1710.75. Second support is the 87% retracement level of the November-January rally crossing at 1679.96.

The March S&P 500 index closed higher due to short covering on Tuesday as it consolidated some of the decline off January's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but are turning neutral hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 1099.11 are needed to confirm that a short-term low has been posted. If March extends the decline off January's high, the 87% retracement level of the November-January rally crossing at 1036.92 is the next downside target. First resistance is the 10-day moving average crossing at 1076.77. Second resistance is the 20-day moving average crossing at 1099.11. First support is last Friday's low crossing at 1041.00. Second support is the 87% retracement level of the November-January rally crossing at 1036.92.

The Dow closed higher due to short covering on Tuesday as it consolidated some of this year's decline. Stocks rallied this afternoon on ideas that European officials will rescue Greece from its debt problems. This renewed hope of a financial rescue reassured investors following a four-week sell off and underpinned today's rally in the US stock market. 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 10,304 are needed to confirm that a short-term low has been posted. If the Dow extends the decline off January's high, the 87% retracement level of the November-January rally crossing at 9,810 is the next downside target. First resistance is today's high crossing at 10,139. Second resistance is the 20-day moving average crossing at 10,304. First support is last Friday's low crossing at 9,835. Second support is the 87% retracement level of the November-January rally crossing at 9,810.

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

March T-bonds closed down 23/32's at 118-07.

March T-bonds closed lower on Tuesday and below the 10-day moving average crossing at 118-15 hinting that a short-term top might be in place. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are diverging and are turning neutral with today's decline hinting that a short-term top might be in or is near. Closes below last Thursday's low crossing at 117-08 are needed to confirm that a short-term top has been posted. If March extends last week's rally, the 62% retracement level of the November-December decline crossing at 119-24 is the next upside target. First resistance is last Friday's high crossing at 119-18. Second resistance is the 62% retracement level of the November-December decline crossing at 119-24. First support is today's low crossing at 118-05. Second support is last Thursday's low crossing at 117-08.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

February hogs closed up $0.05 at $67.53.

February hogs closed lower due to profit taking on Tuesday as it consolidated some of the rebound off this month's low. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 67.74 are needed to confirm that a short-term low has been posted. If February renews the decline off January's high, December's low crossing at 63.70 is the next downside target. First resistance is today's high crossing at 68.10. Second resistance is the January 26th gap crossing at 68.30. First support is the 10-day moving average crossing at 66.37. Second support is last Monday's low crossing at 64.20.

March bellies closed up $1.05 at $83.05.

March bellies closed higher on Tuesday as it extended the rebound off this month's low. Profit taking tempered early gains and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 84.12 are needed to confirm that a short-term low has been posted. If February renews the decline off January's high, December's low crossing at 78.25 is the next downside target. First resistance is the 20-day moving average crossing at 84.12. Second resistance is today's high crossing at 84.90. First support is the 10-day moving average crossing at 81.47. Second support is last Friday's low crossing at 80.00.

April cattle closed up $0.68 at 91.48.

April cattle closed higher on Tuesday and above January's high thereby renewing the rally off December's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If April extends this winter's rally, the 75% retracement level of the 2009-decline crossing at 92.63 is the next upside target. Closes below the 10-day moving average crossing at 89.90 would confirm that a short-term top has been posted. First resistance is today's high crossing at 91.70. Second resistance is the 75% retracement level of the 2009-decline crossing at 92.63. First support is last Friday's gap crossing at 90.10. Second support is the 20-day moving average crossing at 90.09.

March feeder cattle closed up $0.75 at $99.98.

March Feeder cattle closed higher on Tuesday and above January's high thereby renewing the rally off December's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 87% retracement level of 2009's decline crossing at 101.26 is the next upside target. Closes below the 10-day moving average crossing at 98.30 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 100.25. Second resistance is the 87% retracement level of 2009's decline crossing at 101.26. First support is the 20-day moving average crossing at 98.59. Second support is the 10-day moving average crossing at 98.30.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

April gold closed higher due to short covering on Tuesday as it consolidated some of the decline off December's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but are turning neutral hinting that a short-term low might be in or is near. Multiple closes above the 20-day moving average crossing at 1101.90 are needed to confirm that a short-term low has been posted. If April extends last week's decline, the 38% retracement level of the 2008-2009-rally crossing at 1035.00 is the next downside target. First resistance is the 10-day moving average crossing at 1084.80. Second resistance is the 20-day moving average crossing at 1101.90. First support is last Friday's low crossing at 1044.50. Second support is the 38% retracement level of the 2008-2009-rally crossing at 1035.00.

March silver closed higher due to short covering on Tuesday as it consolidates some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 50% retracement level of the 2008-2009-rally crossing at 14.205 is the next downside target. Closes above the 20-day moving average crossing at 16.914 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 15.927. Second resistance is the 20-day moving average crossing at 16.914. First support is last Friday's low crossing at 14.650. Second support is the 50% retracement level of the 2008-2009-rally crossing at 14.205.

March copper closed higher due to short covering on Tuesday as it consolidated some of the decline off January's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 319.22 are needed to confirm that a short-term low has been posted. If March extends this year's decline, the 38% retracement level of the 2009-2010-rally crossing at 269.66 is the next downside target. First resistance is the 10-day moving average crossing at 301.66. Second resistance is the 20-day moving average crossing at 319.22. First support is last Friday's low crossing at 281.10. Second support is the 38% retracement level of the 2009-2010-rally crossing at 269.66.