Morning Investment and Day Trading Comments Friday April 11, 2014 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
“A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”
Thursday April 10, 2014
8:00 PM, South Florida Beach Time.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,150.00 to 16,090 and 15,760.00 to 15,890.00
Resistance is at 16275.00 and 16,420.00 to 16,550.00 and 16,720.00
JUNE E-MINI SP500
Resistance is at 1840.00 and 1858.00 to 1865.00
Support should appear 1822.00 to 1808.00, below that buyers should appear near 1794.00.
NASDAQ COMPOSITE
Resistance should appear at 4056.00 , beyond that a test of 4110.00 to 4120.00 is likely.
Support should appear near 3992.00 to 3982.00 and 3909.00 to 3929.00
JUNE E-MINI NASDAQ 100
Support should appear near 3443.00 to 3425.00 and 3386.00 to 3377.00
Resistance is at 3493.00 to 3503.00 and 3553.00 to 3563.00
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1130.00 to 1136.00.
Support should appear near 1101.00 to 1092.00
JUNE 30 YR BONDS
Resistance should appear near 135-07 and 135-21
Support should appear near 134-7 and 133-21
JUNE 10 YR NOTE
Resistance should appear near 125-21 and 126-07
Support should appear near 124-07 and 123-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7954 and 7991
Support should appear near 7864 to 7836
JUNE JAPANESE YEN
Resistance should appear near 9921 to 9937 and 10021 to 10037
Support should appear near 9837 to 9821 and 9779.
JUNE EURO CURRENCY
Support should appear near 13830 to 13770
Resistance should appear near 13990 and 14150 to 14210
JUNE SWISS FRANC
Resistance should appear near 11500 and 11640 to 11690
Support is near 11360 to 11300
JUNE BRITISH POUND
Support should appear near 16720 then 16637 and the 16550 to 16420 region.
Resistance should appear near the 16890 to 16960 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 9140 to 9156 and 9237
Support should appear near 9060 to 9044
JUNE AUSSIE DOLLAR
Support should appear near 9316 and 9237.
Resistance should appear near 9347 then 9388 and 9429 to 9445
Stay tuned for Forex Flashes.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near the 1334.0 to 1346.0 region.
Support should appear near 1310 to 1304.0.
MAY COPPER
Resistance should appear near 30920 to 31020.
Support should appear near 29900 to 29720.
MAY SILVER
Support should appear near 1953 to 1946 and 1909 to 1902
Resistance is at 2034 to 2042 and 2060 to 2089
THE EXCITING ENERGIES
MAY CRUDE OIL
Resistance should appear near 10320 to 10360, beyond that a test of 10415 is likely
Support should appear near the 10228 and 10136 to 10104
JUNE CRUDE OIL
Resistance should appear near 10235 and 10320 to 10360
Support should appear near 10187 and 10136 to 10104
JUNE BRENT CRUDE OIL
Resistance should appear near 10750 then 10815 and 10960 to 11010
Support should appear near 10680 to 10630 and 10580
MAY HEATING OIL
Support should appear near should appear near 29280 and 28830 to 28740.
Resistance should appear 29720 to 29900.
MAY UNLEADED GAS
Support should appear near should appear near 29900 to 29720 and 29545.
Resistance should 30130, beyond that a test of 30360 to 30450 is likely.
MAY NATURAL GAS
Resistance should appear at 4695 to 4717 and 4775 to 4785
Support should appear near 4582 to 4571 and 4514 to 4503
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1471 1/2 and the 1459 to 1453 region.
Resistance should appear near 1484 to 1496
JULY SOYBEANS
Support should appear near 1459 to 1453 and 1437
Resistance should appear near the 1484 to 1496 region
NOVEMBER SOYBEANS
Support should appear near 1216 ½ and 1203 to 1192.
Resistance should appear near 1232 to 1238, beyond that a test of 1253 is likely.
JULY SOYOIL
Resistance should appear near 4238 to 4249 and 4304 to 4315
Support should appear near 4183 to 4163 and 4120 to 4110
JULY SOYMEAL
Resistance should appear near 477.5 to 478.5 and 484.5 to 485.6
Support should appear near 465.0 to 463.9 and 458.2 to 457.1, which should hold.
Trade Accordingly
JULY CORN
Support should appear near 499 ½ to 497 ¼ and 492 ¾ to 491 ¾
Resistance should appear near 505 ¾ to 506 ¾ and 512 ¾ to 513 ¾
JULY WHEAT
Resistance should appear near 674 ¾ to 675 ½
Support should appear 650 ¾ to 648 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13537 and 13460 to 13340
Resistance should appear near 13617 and 13687 and the 13770 to 13830 region.
AUGUST CATTLE
Support should appear near 13100 to 13040
Resistance should appear near 13340 to 13460.
JUNE HOGS
Support should appear near 11817 and 11690 to 11640
Resistance should appear near 12030, a close over is friendly and augurs for a test of 12320 to 12380
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 2170 to 21850 and the 22190 to 22260 region.
Support should appear near 20420 to 20340 and 19960 to 19820
JULY COCOA
Resistance should appear near 3036 to 3045, beyond that a test of 3092 to 3102 is likely.
Support should appear near 2972 and 2937 to 2928.
BW Traders should go long if a close over 3047 occurs
JULY SUGAR
Resistance is near 1731 to 1738
Support should appear near 1696 to 1689
JULY COTTON
Support should appear near 8964 to 8934
Resistance is at 9140 to 9156.
BW Traders should go long if a close over 9157 occurs.
Stay tuned for Flashes and Updates in all Markets
–A Ship in Harbor is Safe…But that is not what ships are built for –
Happy Trading!
Bill wil@futurescom.com
Thursday April 10, 2014 9:00 PM South Florida Beach Time
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