Tango: In larger time frames as weekly and monthly,the market is on a strong buy signal.
In the dailies it is on a sell signal which could propel the market towards 12565, initially,which is the weekly 20MA.If as you say,due to FND and also OPTIONS EXPIRATION,this weekly 20MA gives way,the market could move down looking for the monthly 20MA at 12155.

Low Weekly Cycle: within weeks ending March 19th and April 9th.
Daily cycles :within March 17th-23rd and after that March 30th and April 6th.

Daily Volatility System for next Monday 12825,which means that if it closes below it,the market should initiate a more severe down projection which easily can visit the monthly 20MA in the 12100 area.

Daily
8exp.MA 13145
20 Simple 13330

Weekly
8exp.MA 12950
20 Simple MA 12565
100 Simple MA 12060

Monthly
8exp.MA 12620
20 Simple MA 12155

NOTE:Because FND is in a month,most dealings in physicals are being done against the July contract. Usually in the exporting of physicals one starts basing the dealings of buying parchment for the next position (in this case JULY) about 40 days before FND of the actual contract (in this case MAY).

Nagual