EUR/USD closed sharply lower on Friday 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 March extends this week’s decline, October’s low crossing at 144.800 is the next downside target. Closes above the 20-day moving average crossing at 148.967 are needed to confirm that a short-term low has been posted.

USD/JPY closed higher due to loss taking on Friday as it consolidated some of this week’s decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible near-term. If its renews this week’s decline, November’s low crossing is the next downside target. If its renews last week’s rally, October’s high crossing is the next upside target.

GBP/USD closed lower on Friday 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 signalling that sideways to lower prices are possible near-term. If March extends this week’s decline, the October 15th gap crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.

USD/CHF closed higher on Friday as it extended this week’s rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are oversold but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If its extends this week’s rally, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm at a short-term high has been posted.

Gold closed lower on Friday as it extended this week’s decline below the 20-day moving average. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signalling that additional weakness is possible near-term. If its extends this week’s decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm that a short-term low has been posted.

Silver closed slightly lower on Friday as it consolidated some of this week’s decline. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If its extends this week’s decline, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing would temper the near-term bearish outlook.

DJI closed higher on Friday as extends this week’s rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Friday as it extended yesterday’s rally above the 20-day moving average. The high- range close sets the stage for a steady to higher opening on Monday. Today’s rally turned stochastics and the RSI neutral to bullish signalling that sideways to higher prices are possible near-term. If March renews this fall’s rally. NDI closed lower due to profit taking on Friday but remains above the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term.

Crude Oil closed lower on Friday and below the 75% retracement level of this fall’s rally crossing as it extended the decline off October’s high. The low-range close sets the stage for a steady to lower opening on Monday. If its extends the decline off October’s high, the 87% retracement level of this fall’s rally crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.

Natural Gas closed lower due to profit taking on Friday as it consolidated some of this week’s rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If its extends this week’s rally, the 62% retracement level of this fall’s decline crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly outlook in the market

Coffee closed slightly lower due to short covering on Friday as it consolidated some of Wednesday’s decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bearish hinting that a double top might be forming or is in place. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If its extends Monday’s rally, June’s high crossing is the next upside target.