Futures Trading Newsletter , Bi-Weekly Investment Outlook #478.
FuturesCom Futures Trading Newsletter Sunday July 12, 2015. SP500 and Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. for a Free Two Week trial to our Futures Trading Newsletter see https://futurescom.com/free-trial-2
Welcome to the ‘Dog Days of Summer’
The period from about the first to second week of July to the second or third week of August has been
known as ‘Dog Days of summer’; of course the period varies according to region……In the ancient
Mediterranean it coincided with hot days that were plagued with disease and discomfort…
Sunday July 12, 2015
5:00 AM, South Florida Beach Time
Traders should expect wide movements in all markets. Stay tuned for flashes, updates and additional recommendations. Analysis for global equity and foreign exchange markets are available upon request. For cross-country or country-by-country analysis for trading and hedging, please call or email a request.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,560.00. Below that a test of 17,380.00 to 17,310.00 is likely.
Resistance is at 18,080.00 to 18,150 and 18,220. Beyond that seller should appear near 18,580.00 and 18,650.00.
DOW JONES TRANSPORTS
Support should appear near 8044.00 to 8029.00 , below that buyers should appear near and the 7777.00 to 7763.00 region. Failure to hold indicates an eventual test of 7342.00 to 7328.00
Resistance is at 8300.0 to 8314.00 and the 8391.00 to 8406.00 region. Beyond that sellers should appear near 8484.00 to 8499.00 and cap a rally
SEPT E-MINI SP500
Resistance should appear near 2107.50 then 2126.00 to 2134.00 and the 2170.00 to 2185.00 region. BW Traders can sell at 2125.25 and risk a close over 2135.75 for three days in a row. Support should appear near 2061.500 the 2042.00 to 2034.00 region. Below that 1996.00 to 1982.00 should hold. BW Traders can buy at 1997.25 and risk a close under 1981.75 for three days in a row.
NASDAQ COMPOSITE
Resistance should appear at 5127.00 to 5139.00 and the 5259.00 to 5282.00 region. Support should appear near 4973.00 and the 4926.00 to 4915.00 region. Below that a test of 4856.00 to 4845.00 is likely.
SEPT E-MINI NASDAQ 100
Support should appear near 4381.00 to 4370.00. Below that a test of 4315.00 to 4304.00 is more likely than not to occur. Resistance is at 4503.00 to 4514.00 and the 4571.00 to 4582.00 region. Beyond that sellers should appear near 4639.00 to 4650.00 and cap a rally.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1268.00 to 1274.00 and the 1304.00 to 1310.00 region.
Support should appear near support is near 1232.00 and the 1203.00 to 1192.00 region. SEPT 30 YR BONDS
Resistance should appear near 150-07 and 151-21. Beyond that sellers should appear near 152-21 and 153-21 and cap a rally.
Support should appear near 148-21 and 147-12. Below that 145-22 should contain a decline.
SEPT 10 YR NOTE
Resistance should appear near 127-12 and 128-22. Beyond that sellers should appear near 130-07 and cap a rally. Support should appear near 124-22 then 123-21 and 123-07 . Below that buyers should appear near 120-17 and 119-07 .
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9641 and the 9707 to 9737 region. A close over is friendly and augurs for a test of 9821 to 9837 Support should appear near 9542 to 9526 then 9445 to 9429 and the 9347 to 9316 region. SEPT JAPANESE YEN
Resistance should appear near 8194 to 8223 region. Beyond that a test of 8300 to 8314 is likely. Support should appear near 8119 and 8044 to 8029. Below that buyers should appear near 7954 to 7939. Traders can buy at 7957 and risk 50 points.
SEPT EURO CURRENCY
Support should appear 11010 to 10960, a close under is negative and augurs for a test of 10680 to 10580. Resistance should appear near 11300 to 11360 then 11500 and the 11640 to 11690 region .
SEPT SWISS FRANC
Resistance should appear near 10820 and the 10960 to 11010 region, which should cap a rally.
Support should appear near 10580 , below that a test of 10360 to 10320 is likely.
SEPT BRITISH POUND
Support should appear near the 15350 to 15290 region. Below that a test of 14960 to 14840 is likely. Resistance should appear near 15690 to 15760 and 15917. Traders can sell at 1.5687 and hold for lower prices. Beyond that sellers should appear near the 16090 to 16150 region.
SEPT CANADIAN DOLLAR
Resistance should appear near 7939 to 7954 and 8029 to 8044. Traders can sell at 8027 and risk a close over 8051 for three days in a row.
Support should appear near 7777 to 7763 and 7689 to 7675. Below that a test of 7601 to 7587 is likely,
SEPT AUSSIE DOLLAR Resistance should appear near 7486 to 7513 and 7675 to 7689.
Support should appear near 7342 to 7328 and 7170 to 7143
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1164.0 to 1169.0 and 1192.0 to 1203.0
Support should appear near 1136.0 to 1130.00 and 1101 to 1096 is likely
SEPT COPPER Resistance should appear near 26120 to 26200 and 26630 to 26720.
Support should appear near 25190 to 25110 and the 24690 to 24610 region.
SEPT SILVER
Support should appear near 1535.0 to 1529.0 and the 1496.0 to 1484.0 region. Below that a test of 1459.00 to 1453.00 is likely.
Resistance is at 1609.0 to 1615.0 and the 1689.0 to 1696.0 region, where sellers should appear and cap a rally.
THE EXCITING ENERGIES
AUGUST CRUDE OIL
Support should appear near 5211 to 5200 and 5067 to 5056
Resistance should appear near 5344 to 5356 and 5418 to 5430
SEPT CRUDE OIL
Support should appear near 5282 to 5259 and the 5139 to 5127 region. Below that a test of 5056 to 5056 is likely.
Resistance should appear near 5418 to 5430 and 5492 to 5504 Traders can sell at 5491 and hold for lower prices.
AUGUST BRENT CRUDE OIL
Support should appear near 5805 to 5792, below that a test of 5577 to 5553 is likely
Resistance should appear near 6023 to 6035 and the 6101 to 6113 region.
AUGUST HEATING OIL
Support should appear near 16960 to 16890, below that a test of 16550 to 16420 is likely
Resistance should appear 17740 to 17800 and the 18080 to 18220 region.
AUGUST UNLEADED GAS
Support should appear near 19960 to 19820 and the 19090 to 19020 region.
Resistance should appear 20800 to 20890 and the 21260 to 21340 region.
AUGUST NATURAL GAS
Support should appear near 2.672 to 2.663 and the 2.568 to 2.552 region. Resistance should appear near 2.820 to 2.829 and 2.874 to 2.883
THE GRANDE’ GRAINS
AUGUST SOYBEANS Support should appear near 1013 ¾ to 1010 ½ and 1003 3./4 to 1002 ¼. A close under augurs for a test of 973 ¾ to 970 ¾.
Resistance should appear near 1036 and 1058 to 1068. Beyond that sellers should appear near
1082
NOVEMBER SOYBEANS
Support should appear near 1003 ¾ to 1002 ¼ and 993 ¾ to 992 ¼. Below that a test of 934 ¾ to
931 ¾ is likely to occur.
Resistance should appear near 1032 to 1036 and 1047. Beyond that sellers should appear near 10658 to 1068 and cap a rally.
DECEMBER SOYOIL Support should appear near 3213 to 3194 , failure there is negative and augurs for a test of 3157 to 3148 and the 3102 to 3092 region.
Resistance should appear near 3377 to 3386, beyond that sellers should appear near 3425 to 3443 and cap a rally.
DECEMBER SOYMEAL Resistance should appear near 355.3 to 356.3 and the 361.3 to 362.3 region. Where sellers should appear and cap a rally.
Support should appear near 338.6 to 337.7, below that a test of 327.0 to 326.1 region is likely.
DECEMBER CORN
Support should appear near the 438 to 437 and the 431 ½ to 430 ½ region. Below that a test of 424 ¾ to 423 ¾ and the 418 ¼ to 416 ¼ region is likely. Resistance should appear near 450 ¼ to 451 ½ and the 464 ¾ to 465 region.
DECEMBER WHEAT Support should appear near 580 ½ to 579 ¼ and 572 ¾ to 571 ½. Below that supports should appear near 557 ¾ to 555 ¾
Resistance should appear near 602 ¼ to 603 ½ and 610 to 611 ¼ . Beyond that sellers should appear near 633 ¾ to 635 and cap a rally.
Stay tuned for Grain flashes and updates.
THE LIVELY LIVESTOCK
AUGUST CATTLE Support should appear near 14592 to 14532 and the 14212 to 14150 region.
Resistance should appear near 14837 then 14960 and 15117. Beyond that sellers should appear near 15287 to 15352.
OCTOBER CATTLE
Support should appear near 14960 to 14840, a close under augurs for a test of 14732.
Resistance should appear near 15290 to 15350 and the 15690 to 15760 region,. Where sellers should appear and cap a rally.
AUGUST HOGS Support should appear near 7257 to 7242 and 7172 to 7142. Below that a test of 7087 to 7972 is likely.
Resistance should appear near 7412 to 7427 and 7487 to 7512 . beyond that sellers should appear near 7762 to 7777
OCTOBER HOGS
Support should appear near 6192 to 6162 and 6117 to 6102. Below that a test of 6037 to 6022 is likely.
Resistance should appear near 6327 to 6352 and 6417 to 6432. Beyond that sellers should appear near 6577 to 6592
Stay tuned for Livestock flashes and updates.
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Resistance should appear near 12680 to 12740. Beyond that sellers should appear near 13040 to 13100 and the 13340 to 13460 region. Traders can sell at 13035 and hold for lower prices. Support should appear near 12380 to 12320 and 12030 to 11920. Below that a test of 11690 to 11640 is likely. Traders should go short is a close under 12310 occurs SEPTEMBER COCOA
Support should appear near 3270 to 3261 and the 3213 to 3194. Below that a test of 3102 to 3092 is likely
Resistance should appear near 3319 to 3326 and the 3377 to 3386 region.
OCTOBER SUGAR
Resistance is near 1268 to 1274 and 1304 to 1310 Support should appear near 1232 and the 1203 to 1192 region. Failure there is negative and augurs for a test of the 1169 to 1164 region.
DECEMBER COTTON
Support should appear near 6430 to 6417 and 6350 to 6327 region. Below that a test of 6035 to 6023 is likely.
Resistance is at 6659 to 6673 and 6762 to 6777. Beyond that sellers should appear near 6906 to 6919 and cap a rally.
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 Sunday July 12, 2015 4:50 PM South Florida Beach Time
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