Futures Trading Newsletter , Bi-Weekly Investment Outlook #484.
FuturesCom Futures Trading Newsletter Saturday October 03, 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
Saturday October 03, 2015
7:00 AM, South Florida Beach Time
Traders should continue to expect wide movements in all markets Global geopolitical concerns have risen, keep an eye out for more offensives by all parties involved in conflicts. 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 interest rate environment in the U.S. is still zero. Monetary policy and government support for global economies is still extreme. That said, major U.S. Stock Indices are lower on the year at the onset of the fourth quarter. Long-term support for U.S. stock markets is well below current levels.
Stay tuned for flashes, updates and additional recommendations.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 16,420.00 and 16,270.00. Under that 16,150.00 to 16,090.00 should bring out some buyers. Resistance is at 16,550.00 and 16,720.00. Beyond that sellers should appear near 16,890.00 to 16,760.00 and the 17,310.00 to 17,380.00 region. Which should cap a rally.
DOW JONES TRANSPORTS
Support should appear near 7836.00 and the 7777.00 to 7763.00 region. Below that 7601 to 7587 should hold.
Resistance is at 8029, 00 to 8044.00 and the 8300.00 to 8314.00 region.
DECEMBER E-MINI SP500
Resistance should appear near 1953.00 then 1967.50 and 1982.00 to 1996.00. Beyond that, sellers should appear near 2034.00 to 2042.00. Traders can sell 2033.25 and risk a close over 2043.25 for three days in a row Support should appear near 1927.50, a close under is negative and augurs for a test of 1909.00 to 1902.00. Under that buyers should appear the 1865.00 to 1858.00 region and contain a decline. Traders can buy at 1910.50 for a bounce and risk 15.00 points.
NASDAQ COMPOSITE
Resistance should appear at 4775.00 to 4785.00 and the 4845.00 to 4856.00 region. Beyond that, sellers should appear near the 4973.00 to 4995.00 region. Support should appear near 4650.00 to 4639.00 and the 4582.00 to 4571.00 region. A sustained decline under is negative and augurs for a test of 4381.00 to 4370.00
DECEMBER E-MINI NASDAQ 100
Support should appear near 4249.00 to 4238.00 then 4183.00 to 4163.00 and the 4120.00 to 4110.00 region. Below that buyers should appear near the 4056.00 to 4046.00 region. Resistance is at 4370.00 to 4381.00 and the 4425.00 to 4446.00 region. Beyond that sellers should appear near 4503.00 to 4514.00 and cap a rally.
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 1130.00 to 1136.00 and the 1164.00 to 1169.00 region. Beyond that sellers should appear near 1180.50 and the 1192.00 to 1203.00 region Traders can sell at 1180.20 and risk a close over 1187.00 for three days in a row Support should appear near 1101.00 1096.00. Below that a test of 1068.00 to 1058.00 is likely.
DEC 30 YR BONDS
Resistance should appear near 159-12 and 160-07. Beyond that sellers should appear near 161-07.
Support should appear near 157-21 and 157-07. Below that buyers should appear near 156-21.
DEC 10 YR NOTE
Resistance should appear near 130-07 and 130-21. Beyond that sellers should appear near 131-07.
Support should appear near 127-21 and 127-07. Below that buyers should appear near 126-21.
THE FRENZIED FOREX FRONT DECEMBER DOLLAR INDEX
Resistance should appear near 9641, an extended trade over is friendly and augurs for a test of 9706 to 9737. Beyond that a trade towards 9821 to 9837 is likely. Support should appear near 9541 to 9526 and the 9445 to 9429 region. Below that buyers should appear near 9347 to 9316. DECEMBER JAPANESE YEN
Resistance should appear near 8391 to 8406 and the 8484 to 8499 region. Support should appear near 8314 to 8300, a close under is negative and augurs for a test of the 8223 to 8194 region.
DECEMBER EURO CURRENCY
Support should appear 11155 and 11010 to 10960 Resistance should appear near 11300 to 11360 and 11500. Beyond that sellers should appear near the 11640 to 11690 region. Traders should go short if a close under 11154 occurs. DECEMBER SWISS FRANC
Resistance should appear near 10360 then 10470 and the 10580 to 10680 region.
Support should appear near 10320 then 10227 and the 10136 to 10104 region.
DECEMBER BRITISH POUND
Support should appear near 15127, a close under augurs for a test of 14960 to 14840 Resistance should appear near 15290 to 15350 and the 15690 to 15760 region where sellers should appear and cap a rally.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 7587 to 7601 and the 7675 to 7689 region. Traders can sell at 7671 and hold for lower prices. Support should appear near 7513 to 7486 and 7428 to 7414
DECEMBER AUSSIE DOLLAR Resistance should appear near 7074 to 7088 and the 7143 to 7170 region.
Support should appear near 7003 to 6990, a close under is negative and augurs for a test of 6919 to 6906. Trade accordingly
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1150.0 and the 1164.0 to 1169.0 region.
Support should appear near 1130.0 and the 1101.0 to 1096.0 region
DECEMBER COPPER Resistance should appear near 23540 to 23770 and the 24110 to 24190 region.
Support should appear near 22750 to 22670 and the 21850 to 21700 region.
DECEMBER SILVER
Support should appear near 1496.0 to 1489.0 and the 1459.0 to 1453.0 region.
Resistance is at 1529.0 to 1535.0 and the 1569.0 to 1576.0 region. Beyond that, sellers should appear near 1609.0 to 1615.0 and cap a rally.
THE EXCITING ENERGIES
NOVEMBER CRUDE OIL
Support should appear near 4446 to 4425 and the 4381 to 4370 region. Below that a test of 4056 to 4046 is likely.
Resistance should appear near 4571 to 4582 and the 4639 to 4650 region. Beyond that sellers should appear near 4775 to 4785.
DECEMBER CRUDE OIL
Support should appear near 4514 to 4503, a close under is negative and augurs for a test of 4381 to 4370. Below that a trade towards 4315 to 4304 is likely and should contain a decline.
Resistance should appear near 4695 to 4717 and 4775 to 4785. Beyond that sellers should appear near 4845 to 4856 and cap a rally.
Traders should go short if a close under 4502 occurs.
NOVEMBER BRENT CRUDE OIL
Support should appear near 4785 to 4775 and 4717 to 4695. A close under is negative and augurs for a test of 4650 to 4639.
Resistance should appear near 4915 to 4926 and the 5056 to 5067 region. Beyond that sellers should appear near 5200 to 5211.
NOVEMBER HEATING OIL
Support should appear near 14960 to 14840 and the 14590 to 14530 region. Resistance should appear 15690 to 15760 and 16090 to 16150.
NOVEMBER UNLEADED GAS
Support should appear near 13100 to 13040 and the 12740 to 12680 region.
Resistance should appear 13770 to 13830 and 14530 to 14590
NOVEMBER NATURAL GAS
Support should appear near 2.620 to 2.612. Below that a test of 2.519 to 2.511 is likely. Resistance should appear near 2.716 to 2.724. Beyond that sellers should appear near 2.820 to 2.829
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 858 ¾ to 856 and 849 ¾ to 848 ½. Below that a test of 831 ½ to 830 is likely to occur.
Resistance should appear near 876 ¼ to 877 ¾ and 885 ¾ to 887 ¼… Above that sellers should appear near 904 ½ to 906 and cap a rally.
DECEMBER SOYOIL Support should appear near 2724 to 2716 and the 2629 to 2620 region.
Resistance should appear near 2874 to 2883. Beyond that sellers should appear near 2928 to 2937.
DECEMBER SOYMEAL Resistance should appear near 303.6 to 304.5 and the 314.8 to 315.7 region. Beyond that sellers should appear near 319.4 to 321.3 and cap a rally.
Support should appear near 299.0 to 297.2, under that a test of 288.3 to 287.4 is likely.
DECEMBER CORN
Support should appear near 380 ¾ to 379 ½ and the 362 ¼ to 361 ¼ region. Resistance should appear near 398 ¼ to 399 ¼ and the 404 ¾ to 405 ¾ region.
DECEMBER WHEAT Support should appear near 492 ¼ to 491 ½ and the 478 ½ to 477 ½ region.
Resistance should appear near 520 to 521 ¼ and the 525 ¾ to 528 ¼ region. Where sellers should appear and cap a rally.
THE LIVELY LIVESTOCK
DECEMBER CATTLE Support should appear near the 13100 to 13040 an extended trade under is negative and augurs for a test of 12890 and eventually the 12740 to 12680 region.
Resistance should appear near 13340 to 13460 and the 13770 to 13830 region where sellers should appear and cap a rally.
FEBRUARY CATTLE
Support should appear near 13340 and the 13100 to 13040 region.
Resistance should appear near 13460 and the 13770 to 13830 region.
DECEMBER HOGS Support should appear near 6512 to 6482, a close under is negative and augurs for a test of 6432 to 6417. Below that a trade towards the 6352 to 6337 region.
Resistance should appear near 6577 to 6592. Traders can sell at 6592 and risk a close over 6677 for three days in a row. Beyond that sellers should appear near 6742 to 6757 and cap a rally.
FEBRUARY HOGS
Support should appear near 6672 to 6657, a close under is negative and augurs for a test of the 6592 to 6577 region.
Resistance should appear near 6907 to 6922 and the 6992 to 7002 region. Beyond that sellers should appear near 7072 to 7087 and cap a rally.
Stay tuned for Livestock flashes and updates.
THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near 12680 to 12740 and the 13040 to 13100 region, where sellers should appear and cap a rally. Support should appear near 12030 to 11920, a close under is negative and augurs for a test of 11690 to 11640 and eventually the 11360 to 11300 region, DECEMBER COCOA Support should appear near 3045 to 3036, below that a test of 2883 to 2874 is likely. Resistance should appear near 3148 to 3157, traders can sell at 3147 and hold for lower prices. Beyond that sellers should appear near 3194 to 3213 and cap a rally. .
MARCH SUGAR
Resistance is near 1377 to 1383. Beyond that sellers should appear near 1415 to 1421 and cap a rally. Support should appear near 1310 to 1304 and the 1274 to 1268 region.
DECEMBER COTTON
Support should appear near 5957 to 5945, a close under is negative and augurs for a test of 5880 to 5855. Below that a trade towards 5577 to 5553 is likely.
Resistance is at 6101 to 6113 and the 6165 to 6190 region. Beyond that sellers should appear near 6337 to 6350 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
Saturday October 03, 2015 9:45 PM South Florida Beach Time
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