The September Dollar posted an inside day with a higher close on Thursday while extending this month's trading range. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. Closes above 81.97 or below 79.62 are needed to clear up near-term direction in the market. First resistance is the 20-day moving average crossing at 80.64. Second resistance is the reaction high crossing at 81.97. First support is the reaction low crossing at 79.62. Second support is Wednesday's low crossing at 79.57.

The September Euro closed lower on Thursday as it consolidated some of the rally off June's low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral hinting that a short-term top might be in or is near. Closes above the reaction high crossing at 141.660 are needed to confirm that a short-term low has been posted. If September renews the decline off June's high, the reaction low crossing at 134.160 is the next downside target. First resistance is Wednesday's high crossing at 142.020. Second resistance is June's high crossing at 143.270. First support is the 20-day moving average crossing at 139.785. Second support is last Monday's low crossing at 138.180.

The September British Pound closed lower due to profit taking on Thursday as it extended Tuesday's decline. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are bearish hinting that a short-term top might be in or is near. Closes below the reaction low crossing at 1.6185 are needed to confirm that a short-term top has been posted. If September extends the rally off April's low, the 62% retracement level of the 2008-2009 decline crossing at 1.7226 is the next upside target. First resistance is Tuesday's high crossing at 1.6742. Second resistance the 62% retracement level of the 2008- 2009-decline crossing at 1.7226. First support is the reaction low crossing at 1.6185. Second support is the reaction low crossing at 1.5795.

The September Swiss Franc posted an inside day with a lower close on Thursday as it consolidates some of the rally off last week's low. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off last week's low, June's high crossing at .9449 is the next upside target. Closes below last week's low crossing at .9075 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at .9350. Second resistance is last Wednesday's high crossing at .9416. First support is last Wednesday's low crossing at .9075. Second support is the 38% retracement level of this spring's rally crossing at .9065.

The September Canadian Dollar posted an inside day with a lower close on Thursday as it consolidated some of Wednesday's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this month's decline, the reaction low crossing at 84.75 is the next downside target. Closes above the 20-day moving average crossing at 88.08 would confirm that a short-term low has been posted. First resistance is Wednesday's high crossing at 87.48. Second resistance is the 20-day moving average crossing at 88.08. First support is Wednesday's low crossing at 85.76. Second support is the reaction low crossing at 84.75.

The September Japanese Yen closed higher on Thursday ending a three-day decline. The high-range close sets the stage for a steady to higher opening on Monday. Despite today's rally, stochastics and the RSI remain bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at .10354 would temper the near-term friendly outlook in the market. If September renews last week's rally, the reaction high crossing at .10598 is the next upside target. First resistance is today's high crossing at .10457. Second resistance is last Tuesday's high crossing at .10551. First support is the 20-day moving average crossing at .10354. Second support is Wednesday's low crossing at .10320.

ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy

August crude oil closed sharply lower on Thursday as it extended this week's decline. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. If August renews the decline off June's high, the 38% retracement level of this spring's rally crossing at 62.25 is the next downside target. Closes above June's high crossing at 73.90 are needed to renew this spring's rally. First resistance is the 20-day moving average crossing at 70.28. Second resistance is Tuesday's high crossing at 73.38. First support is today's low crossing at 66.50. Second support is last Tuesday's low crossing at 66.37.

August heating oil closed lower on Thursday and below the 25% retracement level of this spring's rally crossing at 174.30. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If August extends this week's decline, the 38% retracement level of this spring's rally crossing at 165.15 is the next downside target. Multiple closes above the 20-day moving average crossing at 182.18 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 178.79. Second resistance is the 20-day moving average crossing at 182.17. First support is today's low crossing at 169.66. Second support is the 38% retracement level of this spring's rally crossing at 165.15.

August unleaded gas closed lower on Thursday and below the 25% retracement level of the December-June rally crossing at 184.68. The low-range close sets the stage for a steady to lower opening on Monday. Today's decline turned stochastics and the RSI bearish signaling that sideways to lower prices are possible near-term. If August extends this week's decline, the 38% retracement level of the December-June rally crossing at 172.28 is the next downside target. Closes above the 20-day moving average crossing at 193.70 would temper the near-term bearish outlook in the market. First resistance is the 10-day moving average crossing at 187.69. Second resistance is the 20-day moving average crossing at 193.70. First support is today's low crossing at 178.20. Second support is the 38% retracement level crossing at 172.28.

August Henry natural gas closed lower on Thursday and below May's low crossing at 3.710 as it extended the decline off June's high. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If August extends this week's decline, April's low crossing at 3.520 is the next downside target. From a broad perspective, August needs to close above 4.820 or below 3.520 to confirm a breakout of this spring's trading range and point the direction of the next trending move. First resistance is the 10-day moving average crossing at 3.947. Second resistance is the 20-day moving average crossing at 4.044. First support is today's low crossing at 3.606. Second support is April's low crossing at 3.520.

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

September coffee closed lower on Thursday spiking below last week's trading range. A short covering rally tempered early losses and the mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are oversold but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off June's high, the reaction low crossing at 11.62 is the next downside target. Closes above the 20-day moving average crossing at 12.42 3/4 are needed to confirm that a short-term low has been posted.

September cocoa closed lower on Thursday and the low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. If September renews the decline off June's high, the 75% retracement level of the March-June rally crossing at 23.44 is the next downside target. Closes above the 20-day moving average crossing at 26.10 are needed to confirm that a short-term low has been posted.

October sugar closed lower due to profit taking on Thursday as it consolidates some of this month's rally. The mid-range close set the stage for a steady opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends this summer's rally, monthly resistance crossing at 19.73 is the next upside target. Closes below the 20-day moving average crossing at 16.74 would confirm that a short-term top has been posted.

October cotton closed higher on Thursday as it extends the rally off June's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near- term. If October extends this week's rally, the reaction high crossing at 59.50 is the next upside target. Closes below the 10-day moving average crossing at 55.50 are needed to confirm that a top has been posted.

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

September Corn closed down 10 3/4-cents at 3.45 3/4.

September corn closed sharply lower due to profit taking ahead of the July 4th holiday weekend on Thursday. Benign weather forecast combined with this week's bearish USDA acreage report continue to weigh on corn prices. Barring a bullish shift in the extended weather forecast for the Midwest, look for additional selling pressure on Monday that could lead to a test of last December's low crossing at 3.38 1/4. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above Tuesday's gap crossing at 3.83 1/4 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 3.81 1/2. Second resistance is Tuesday's gap crossing at 3.83 1/4. First support is today's low crossing at 3.45. Second support is last December's low crossing at 3.38 1/4.

September wheat closed down 6 1/2-cents at 5.29.

September wheat closed lower on Thursday as it extended this week's decline. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this month's decline, psychological support crossing at 5.00 is the next downside target. Closes above Tuesday's gap crossing at 5.54 would signal that a short-term low has been posted. First resistance is Tuesday's gap crossing at 5.54. Second resistance is the 10-day moving average crossing at 5.59. First support is Tuesday's low crossing at 5.25. Second support is last December's low crossing at 5.24 3/4.

September Kansas City Wheat closed down 9 1/4-cents at 5.64 1/4.

September Kansas City Wheat closed lower on Thursday as it extended this week's decline below the 87% retracement level crossing at 5.81 3/4. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this month's decline, March's low crossing at 5.59 1/2 is the next downside target. Closes above the 10-day moving average crossing at 5.97 1/4 would confirm that a short-term low has been posted. First resistance is Tuesday's gap crossing at 5.90. Second resistance is the 10-day moving average crossing at 5.97 1/4. First support is today's low crossing at 5.63 1/4. Second support is March's low crossing at 5.59 1/2.

September Minneapolis wheat closed down 11-cents at 6.22 1/2.

September Minneapolis wheat closed lower on Thursday as it extended this week's decline below the 75% retracement level crossing at 6.37 1/2. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this month's decline, the 87% retracement level crossing at 6.10 is the next downside target. Closes above the 20-day moving average crossing at 6.93 1/4 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 6.65 1/4. Second resistance is the 20-day moving average crossing at 6.93 1/4. First support is today's low crossing at 6.18 1/4. Second support is the 87% retracement level crossing at 6.10.

SOYBEAN COMPLEX

August soybeans closed down 6 1/2-cents at 11.54.

August soybeans closed lower due to profit taking on Thursday but remains above the 20-day moving average crossing at 11.42 1/2. The high-range close sets the stage for a steady to higher opening on Monday. If August extends this week's rally, June's high crossing at 12.03 1/2 is the next upside target. Close below Wednesday's gap crossing at 11.19 1/4 would temper the near- term bullish outlook in August soybeans. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. First resistance is Wednesday's high crossing at 11.65. Second resistance is June's high crossing at 12.03 1/2. First support is Wednesday's gap crossing at 11.19 1/4. Second support is Tuesday's low crossing at 10.95 1/2.

August soybean meal closed down $2.00 at $382.20.

August soybean meal closed lower due to profit taking on Thursday as it consolidated some of the rally off June's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If August extends this week's rally, June's high crossing at 395.00 is the next upside target. Close below Tuesday's low crossing at 360.50 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 389.90. Second resistance is June's high crossing at 395.00. First support is Wednesday's gap crossing at 374.30. Second support is the 10-day moving average crossing at 369.40.

August soybean oil closed down 68 pts. at 35.34.

August soybean oil closed lower on Thursday and filled yesterday's gap crossing at 35.50. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but are turning bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 37.17 are needed to confirm that a short-term low has been posted. If August extends this month's decline, the 62% retracement level crossing at 34.25 is the next downside target. First resistance is the 10-day moving average crossing at 36.19. Second resistance is the 20-day moving average crossing at 37.17. First support is Tuesday's low crossing at 34.70. Second support is the 62% retracement level crossing at 34.25.

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The September NASDAQ 100 closed sharply lower due to profit taking ahead of the July 4th holiday on Thursday and closed below the 10-day moving average crossing at 1459.80. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral hinting that a short-term top is in or is near. From a broad perspective September is locked in a trading range. Closes above 1516.00 or below the 1412.00 are needed to confirm a breakout of the current trading range and point the direction of the next trending move. First resistance is Wednesday's high crossing at 1496.25. Second resistance is June's high crossing at 1516.00. First support is today's low crossing at 1441.25. Second support is last Tuesday's low crossing at 1421.00.

The September S&P 500 index closed sharply lower on Thursday and below the 10-day moving average crossing at 907.39 signaling that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral signaling that sideways to lower prices are possible near-term. Closes below last week's low crossing at 884.30 would renew the decline off June's high while opening the door for a possible test of the reaction low crossing at 874.00. First resistance is Wednesday's high crossing at 928.20. Second resistance is June's high crossing at 952.50. First support is today's low crossing at 896.30. Second support is last Tuesday's low crossing at 884.30.

The Dow closed lower due to pre-holiday profit taking on Thursday as it consolidates some of the rally off June's low. The low- range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If the Dow resumes the decline off June's high, the reaction low crossing at 8221 is the next downside target. Closes above the 20-day moving average crossing at 8549 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 8549. Second resistance is Wednesday's high crossing at 8580. First support is today's low crossing at 8313. Second support is last Thursday's low crossing at 8259.

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

September T-bonds closed up 23/32's at 118-30.

September T-bonds closed higher on Thursday as it extends the rally off June's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off June's low, the December-April downtrend line crossing near 120-10 is the next upside target. Closes below the 20-day moving average crossing at 115-28 would confirm that a short-term top has been posted. First resistance is today's high crossing at 119-10. Second resistance is the aforementioned downtrend line crossing at 120-10. First support is the 10-day moving average crossing at 117-18. Second support is the 20-day moving average crossing at 115-28.

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

August hogs closed up $0.45 at $61.15.

August hogs closed higher on Thursday as it extends the rally above the 20-day moving average. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 62.10 are needed to confirm that a low has been posted. If August renews this year's decline, weekly support crossing at 55.50 is the next downside target. First resistance is today's high crossing at 61.30. Second resistance is the reaction high crossing at 62.10. First support is Monday's low crossing at 57.40. Second support is weekly support crossing at 55.50.

August bellies closed down $1.85 at $54.17.

August bellies closed lower on Thursday and posted another new contract low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that additional weakness is possible near-term. If August extends this week's decline, monthly support crossing at 51.82 is the next downside target. Closes above last Tuesday's high crossing at 64.40 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 59.21. Second resistance is last Tuesday's high crossing at 64.40. First support is today's low crossing at 54.02. Second support is monthly support crossing at 51.82.

August cattle closed down $0.87 at 84.87.

August cattle gapped down and closed lower due to profit taking on Thursday as it consolidated some of this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this month's rally, February's high crossing at 86.35 is the next upside target. Closes below the 20-day moving average crossing at 82.43 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 86.00. Second resistance is February's high crossing at 86.35. First support is the 10-day moving average crossing at 83.70. Second support is the 20-day moving average crossing at 82.43.

August feeder cattle closed down $0.32 at $103.45.

August Feeder cattle closed lower due to profit taking on Thursday as it consolidated some of this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this month's rally, the 75% retracement level of last fall's decline crossing at 106.95 is the next upside target. Closes below the 20-day moving average crossing at 98.66 would confirm that a short-term top has been posted.

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

August gold posted an inside day with a lower close on Thursday and closed below the 10-day moving average crossing at .9337. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 939.70 are needed to confirm that a short-term low has been posted. If August renews the decline off June's high, the reaction low crossing at 882.00 is the next downside target. First resistance is the 20-day moving average crossing at 939.70. Second resistance is last Friday's high crossing at 949.00. First support is Tuesday's low crossing at 922.70. Second support is last Tuesday's low crossing at 913.20.

September silver closed lower on Thursday and below the 38% retracement level of the October-June rally crossing at 13.435 as it extends the decline off June's high. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are diverging but are bearish signaling that sideways to lower prices are still possible. If September extends the decline off June's high, the 50% retracement level of the aforementioned decline crossing at 12.562 is the next downside target. Closes above the 20-day moving average crossing at 14.340 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 13.871. Second resistance is the 20-day moving average crossing at 14.340. First support is today's low crossing at 13.290. Second support is the 50% retracement level crossing at 12.562.

September copper closed lower due to profit taking on Thursday but remains above the 20-day moving average crossing at 230.12. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off last week's low, the reaction high crossing at 246.30 is the next upside target. Closes below last Tuesday's low crossing at 212.35 would renew the decline off June's high. First resistance is Wednesday's high crossing at 236.90. Second resistance is June's high crossing at 246.30. First support is Tuesday's low crossing at 223.70. Second support is last week's low crossing near 212.35.