CPI was benign, although the core rate was slightly higher than expected.Crude inventories are out at 9:30, but we’re really just waiting for the announcement from the FOMC meeting; that’s due at 1:15.The chairman of AIG is going up to Capital Hill; that should be good for boxing fans.
June S&P:Momentum sell short day, although staying over old Fibonacci resistance at 766 is bullish.
June NASDAQ:Resistance is 1191, support is 1173.50.
June Dow Jones:There’s trendline support at 7250.
June Treasury Bonds:Momentum buy day; 123-22 is support.
June Japanese Yen:Still looking for a breakout as the range tightens up; will the FOMC meeting be the catalyst for a move?
June Euro Currency:Breakout setup, 13087 is/was resistance.
June British Pound:Breakout setup; 13950 is the key level.
June Canadian Dollar:Breakout setup, broke trendline resistance at 7895, the recent high at 7930 is the next upside objective.
April Gold: Bearish under 916 Fibonacci support, 905.50 is next support.
May Silver:1251 and 1246.5 are support.
May Copper:Look for a directional move, yesterday’s low at 170.80 is the downside level to watch.
May Cocoa:Momentum buy day, 2415 is resistance. The recent high at 2445 is the upside objective.
May Sugar:Holding over 1320 should lead to more upside, 1330 is the next resistance.
May Coffee: Upside breakout over 113, 115 is next upside target.
May Wheat:Momentum sell short day, watch 545 support.
May Corn:Breakout setup, watch 393 resistance.
This is the morning update to my Swing Trader’s Insight advisory service. For information on STI, and to sign up for a free two week trial, visit here
.gif "Swing Traders Insight Futures Watch List for March 18")
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