Bi-Weekly Investment Outlook by FuturesCom – Newsletter # 435 November 17 2013 Equity Indices – Treasuries – Forex – Currency Trading with Precious Metals – Energy – Grains – Livestock – Coffee – Sugar- Cocoa – Cotton comments

Nov 172013
 

FuturesCom  Bi-Weekly Investment Outlook # 435 November 17 2013  SP500 and  Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee •  Sugar • Cocoa  • Cotton.  Free Two Week Trial see https://futurescom.com/free-trial-2

 

Sunday November 17 2013
4:00 AM South Florida Beach Time
Ball-on-a-silver-pedestal

Traders should stay nimble and tune in for Day Trades, BW flashes and Updates for all markets.
Stocks closed higher Friday with all major averages up on the year, year over year and on the month. The transports continue to exhibit strength. The Dow Jones Industrials trend remains on a sideways to higher path. The Dow Jones Industrial average and SP500 tend remain firm into December; traders should consider buying ETF’s or Futures on dips. Long term ‘yearly’ technical patterns for U.S. stock index averages remain friendly.   Analysis for overseas equity and non-traditional foreign exchange markets are available upon request, for more information please call or email a request. The Euro is still same trading range it has been in for a bit and remains a trading affair. A strong Euro is a drag on Eurozone economy, weak euro zone GDP numbers and exceeding high unemployment rates are just not going away. Look for a trading affair and more range bound trading.

The Japanese government desire for a weaker Yen should keep pressure on it and the Government really needs to continue to aggressively push for a weak Yen. Traders should look for a continued upward bias in Dollar –Yen. Forex traders should remain long Dollar-Yen and buy dips.  Aggressive traders can sell yen futures for a trade on rallies or consider buying puts on the ‘FXY’ ETF for spring, nothing has changed.  The Aussie continues to act weak against the dollar.  A trading range for Australian Dollars of 9347 to 9316 on bottom and 9707 to 9737 on top is still possible.  Seasonally the Aussie can firm against the dollar well into December. Buying Aussie Dollars against Canadian Dollars and the US Dollar tends to work from the last week in November until the second week in January. However the Aussie that is well off its highs of the year and traders should look for a more range bound trade.  The U.S Dollar can typically hold up well against the Canadian dollar into December. Futures traders can sell rallies for trades. Stay tuned for Forex flashes.
Precious metals continue to exhibit sloppy back and forth action.  If Gold declines to the 1203 to 1192 region well-heeled investors and traders can consider going long some spot gold, if only perhaps to have an expensive paper weight.  Lower Gasoline prices are a boon to the U.S consumer however Gas futures have rallied a bit. Heating Oil can still quickly turn into a weather market over the next few months and test the highs. However January Heating Oil does have a tendency to slip back this week into the middle of December and is now a potential sale for lower prices, sell rallies and see if it backs off.  Investors as well as traders who are looking to buy energies really need to look beyond this month and consider weakness, rather than chasing it up as many commodities have not been able to sustain rallies and are trading affairs.  Soybean had a sharp up move post the USDA report and has given back much of the gains with a sharp decline Friday. Soybeans are nearly unchanged on the month. Corn and Wheat are both lower on the month and the year. Coffee is probing month end levels and if Coffee can sustain a higher month over month trade it should be considered supportive. On a quarterly basis coffee is the most oversold in 45 years. Cocoa is higher on the month and year, traders should buy a dip, seasonally Cocoa tends to act better from this week until mid –December.  Sugar has acted sloppy. Sugar is lower on the month and lower on the year. However, buying Sugar after this week does tend to show profits into early January. Traders should stay tuned for flashes in Sugar.
Cotton appears stable at current levels well below the recent highs and is sitting at just about the same place it began the year.  Livestock analysis will be on a day to day basis, both Hogs and Cattle tend to firm a bit into the end of November , cattle is in better technical shape and hogs are sloppy to weak on lower cash which now appears to have leveled off after a steep decline. Stay tuned for Flashes in Livestock markets. Onto the Nitty Gritty

                                        THE SENSATIONAL STOCK AND BOND MARKET

DOW JONES INDUSTRIAL AVERAGE

Support should appear near 15,925.00 and the 15,760.00 to 15,690.00. Below that 15,760.00 to 15.690.00 should hold. Failure of indicates a test of 15,350.00 to 15,290.00 is likely and where buyers should contain declines.

Resistance is near the16, 090.00 to 16,150.00, a close or extended trade over is friendly and augurs for a test of 16,420.00 to 16,550.00.

DEC E-MINI SP500

Resistance should appear near the 1808.00 to 1822.00 region. A close over is friendly and augurs for a test of 1840.00 and eventually the 1858.00 to 1865.00 region.
Nearby support should appear near 1792.00 and 1780.00 to 1774.00 region. Below that buyers should appear near 1756.00.  Aggressive Traders should go long if a close over 1822.75 occurs.

 

NASDAQ COMPOSITE

Resistance remains should appear near 3992.00. A close over is friendly and augurs for a test of 4046.00 to 4056.00 region.  Beyond that a test of 4110.00 to 4120.00 is likely.

Support should appear near 3955.00 and the 3939.00 to 3909.00 region. Under that buyers should appear near 3888.00 and the 3867.00 to 3858.00 region and contain declines.

DEC E-MINI NASDAQ 100

Support should appear near 3386.00 to 3377.00 and 3352.50. Below that buyers should appear near the 3328 to 3319.00 region and 3270.00 to 3261.00

Resistance remains near the 3425.00 to 3443.00 region. A close over is friendly and augurs for a test of 3493.00 to 3503.00. Traders should go long if a close over 3443.75 occurs and stay tuned for a stop.     

 

 

 

 

 

DEC E-MINI RUSSELL 2000

Resistance should appear at 1115.50, a close over is friendly and augurs for an eventual test of 1130.00 to 1136.00.  Beyond that a sellers should appear near 1150.00 and the 1164.00 to 1169.00 region.

Support should appear near 1108.50 then 1101.00 to 1096.00 and 1082.50.

Traders should go long if a close over 1115.60 occurs and stay tuned for Index Flashes.

DEC 30 YR BOND

Resistance should appear near 133-07 and 133-21, above that a test of 134-07 and 134-21 is likely and should cap rallies.

Support should appear near 132-07 and 131-21. Below that 131-07 and 130-21 should contain declines. Under that buyers should appear near 130-7 and 129-21

DEC 10 YR NOTE

Resistance should appear near 127-07 then 127-21 and 128-07. Beyond that a test of 128-21 and

129-07 is likely and should cap a rally.

Support should appear near 126-07 and 125-21. Below that buyers should appear near 125-07 and then 124-21and should contain a declines                 

 

                                                  THE FRENZIED FOREX FRONT

DEC DOLLAR INDEX

Resistance should appear near 8119 to 8134 and the 8194 to 8823 region.

Nearby support should appear near 8044 to 8029, a close under is negative and augurs for a test of 7954 to 7939. Below that buyers should appear near 7864 to 7836.

DEC JAPANESE YEN
Resistance should appear near 10021 to 10037 and 10104 to 10138.  Traders can Sell at 10103 and hold for lower prices.
Support should appear near 9937 to 9921, a close under is negative and augurs for an eventual test of
9837 to 9821. Below that buyers should appear near the 9737 to 9706 region, which should contain declines, however failure there is negative….

 

DEC EURO CURRENCY

Support should appear near 13460 to 13400 and 13340. Below that a test of 13100 to 13040 is likely.
Resistance should appear near 13615 and should cap an early rally. Traders can sell at 13612 and risk 50 points. Beyond that resistance should appear near the 13770 to 13830 region.  An extended trade over is friendly and augurs for a test of 14150 to 14210.

 

DEC SWISS FRANC

Resistance should appear near 10960 to 11010 then 11087 and 11155.

Support is near 10820 and the 10680 to 10580 region, which should hold.

 

DEC BRITISH POUND

Support should appear near the 16090 and 15927. Below that buyers should appear near 15760 to 15690 and contain a decline.

Resistance should appear near 16150, beyond that a test of 16237 is likely and should cap early rallies.   A close or extended trade over is friendly augurs for a test of 16420 to 16550 which should cap a rally.

 

DEC CANADIAN DOLLAR

Resistance should appear near 9625 to 9641 and the 9706 to 9737 region. Traders can sell at 9703 and risk a close over 9742 for three days in a row.

Support should appear near 9542 to 9526 and the 9445 to 9428 region. Below that a test of 9347 to 9316 is likely.

DEC AUSSIE DOLLAR

Support should appear near 9347 to 9316 and 9237. Below that 9156 to 9140 should hold.
Resistance should appear near 9429 to 9445, a close over is friendly and augurs for a test of 9526 to 9542 and the 9625 to 9641 region.

 

 

 

 

                                                       THE PRECIOUS METALS

FEBRUARYGOLD

Resistance should appear near the 1304.0 to 1310.0 region. Beyond that 1334.0 to 1346.0

should bring out sellers.

Support is near the 1274.0 to 1268.0 region. Below that buyers should appear near 1238.0 to 1232.0 and the 1203.00 to 1192.00 region.

MARCH COPPER
Resistance should appear near 31940 to 32130 and 33190 to 33280.  A close over is friendly and augurs for a test of 33770 to 33860 which should cap a rally.

Support should appear near 31570 to 31480 and the 31020 to 30920 region which should contain declines.

 

MARCH SILVER

Support should appear near 2042 to 2034. Below that buyers should appear near 1996 to 1982 and the 1953 to 1946 region.

Resistance is at 2080 to 2089 then 2126 to 2134 and the 2170 to 2185 region.                                                                                 

          

                                             THE EXCITING ENERGIES

JANUARY CRUDE OIL

Resistance should appear near 9526 to 9542 and 9625 to 9641. Beyond that sellers should appear near 9706 to 9737.

Support should appear near 9429 and 9347 to 9316.  Under that a test of 9156 to 9140 is likely. Below that buyers should appear near 9060 to 9044 and contain a decline.

JANUARY HEATING OIL

Support should appear near should appear near 29370 to 29280, a close under is negative and augurs for a test of 28830 to 28740 and the 28290 to 28200 region.

Resistance should appear the 29720 to 29900 region. Traders can sell at 29710 and risk a close over 29910 for three days in a row and stay tuned updates.  Beyond that resistance should appear near
30360 to 30450.

JANUARY UNLEADED GAS

Support should appear near the 26200 to 26120 then 25680 to 25620 and the 25190 to 25110 region

Resistance should appear near 26630 to 26720, beyond that sellers should appear near 27160 to 27240

 

JANUARY NATURAL GAS

Resistance should appear at 3580 to 3865 and 3909 to 3929. Beyond that a test of 3982 to 3992 is likely.

Support should appear near 3563 to 3553 and the 3503 to 3493 region. Below that buyers should appear near 34430 to 34250 and contain declines.

        

                                                          THE GRANDE’ GRAINS

JAN SOYBEANS

Support should appear near 1238.00 to 1232.00 below that buyers should appear near 1203 to 1192.

Resistance should appear near 1304 to 1310. Beyond that sellers should appear near 1322 and the 1334 to 1346 region.

MARCH SOYOIL
Resistance should appear near 4238 to 4249 and the 4370 to 4381 region.
Support should appear near 4110 and the 4056 to 4046 region. Below that buyers should appear near 3992 to 3982 and contain declines.

MARCH SOYMEAL

Resistance should appear near 404.6 to 405.6 and 416.3 to 418.3.  Beyond that a test of 423.8 to 424.9 is likely.

Support should appear near 392.9 to 390.9 and the 386.7 to 385.8 region. Below that buyers should appear near higher prices. Below that support should appear near 380.6 to 379.5. Traders can buy at 380.7 and hold for higher prices.
MARCH CORN

Support should appear near and 418 ¼ to 416 ¼ then 412 to 411 and the 399 ¼ to 398 ¼ region.
Resistance should appear near 437 to 438 ¼ and 442 ¼ to 448 ½.

MARCH WHEAT

Resistance should appear near 665 ¾ to 667 ½ and 674 ¼ to 675 ¾

Support should appear near 635 to 633 ¾ and 619 to 616 ½.

                                           THE LIVELY LIVESTOCK

DEC CATTLE

Support should appear near 13237 and 13100 to 13040.

Resistance should appear near 13400, a close over is friendly and augurs fort a test of 13460 and 13530.

 

FEB CATTLE
Support should appear near 13460 then 13400 and 13340

Resistance should appear near 13530. Beyond that a test of the 13770 to 13830 region is likely and should cap a rally.

 

DEC HOGS         

Support should appear near 8592 to 8552 and the 8502 to 8482 region.

Resistance should appear near 8762 to 8777 and the 8857 to 8862 region which should a rally.

FEB HOGS
Support should appear near 8957 to 8932 and the 8872 to 8857 region.

Resistance should appear near 9137 to 9157 and 9317 to 9347

 

APRIL HOGS

Support should appear near 9157 to 9142 and 8967 to 8932.
Resistance should appear near 9317 to 9347 and the 9427 to 9447 region.

JUNE HOGS

Support should appear near 9837 to 9822 and 9737 to 9707 where buyers should appear and contain a decline.
Resistance should appear near 9922 to 9937 and 10022 to 10037, a close over is friendly and augurs for a test of the 10317 to 10357 region.  Stay tuned for Livestock flashes                                         

                                                    

                                            THE SATISFYING SOFTS

MARCH COFFEE

Support should appear near 10820 then 10680 to 10580 and the 10360 to 10320 region.

Resistance should appear near 10960 to 11010, a close over is friendly and augurs for a test of
11300 to 11360.

 

MARCH COCOA

Resistance should appear near 2758 to 2775. Beyond that a trade towards 2820 to 2829 is likely.
While sellers should appear near 2928 to 2937 and 2972 to 2990 and cap rallies.

Support should appear near 2697 and the 2672 to 2663 region. Traders can buy at 2697 and hold for higher prices. Below that buyers should appear near the 2620 to 2612 region
Stay tuned for Flashes

MARCH SUGAR

Resistance is near 1774 to 1780 and the 1808 to 1822 region. Beyond that a test of 1858 to 1865 is likely
Support should appear near 1738 to 1731 and the 1696 to 1689 region, which should contain declines.

 

MARCH COTTON

Support should appear near 7777 to 7763 and the 7589 to 7560 region.
Resistance is at 7836 to 7864 and 8029 to 8044

                                       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 November 17, 2013  1:15 PM South Florida Beach Time

Sunday November 17 2013
4:00 AM South Florida Beach Time

Traders should stay nimble and tune in for Day Trades, BW flashes and Updates for all markets.
Stocks closed higher Friday with all major averages up on the year, year over year and on the month. The transports continue to exhibit strength. The Dow Jones Industrials trend remains on a sideways to higher path. The Dow Jones Industrial average and SP500 tend remain firm into December; traders should consider buying ETF’s or Futures on dips. Long term ‘yearly’ technical patterns for U.S. stock index averages remain friendly.   Analysis for overseas equity and non-traditional foreign exchange markets are available upon request, for more information please call or email a request. The Euro is still same trading range it has been in for a bit and remains a trading affair. A strong Euro is a drag on Eurozone economy, weak euro zone GDP numbers and exceeding high unemployment rates are just not going away. Look for a trading affair and more range bound trading.

The Japanese government desire for a weaker Yen should keep pressure on it and the Government really needs to continue to aggressively push for a weak Yen. Traders should look for a continued upward bias in Dollar –Yen. Forex traders should remain long Dollar-Yen and buy dips.  Aggressive traders can sell yen futures for a trade on rallies or consider buying puts on the ‘FXY’ ETF for spring, nothing has changed.  The Aussie continues to act weak against the dollar.  A trading range for Australian Dollars of 9347 to 9316 on bottom and 9707 to 9737 on top is still possible.  Seasonally the Aussie can firm against the dollar well into December. Buying Aussie Dollars against Canadian Dollars and the US Dollar tends to work from the last week in November until the second week in January. However the Aussie that is well off its highs of the year and traders should look for a more range bound trade.  The U.S Dollar can typically hold up well against the Canadian dollar into December. Futures traders can sell rallies for trades. Stay tuned for Forex flashes.
Precious metals continue to exhibit sloppy back and forth action.  If Gold declines to the 1203 to 1192 region well-heeled investors and traders can consider going long some spot gold, if only perhaps to have an expensive paper weight.  Lower Gasoline prices are a boon to the U.S consumer however Gas futures have rallied a bit. Heating Oil can still quickly turn into a weather market over the next few months and test the highs. However January Heating Oil does have a tendency to slip back this week into the middle of December and is now a potential sale for lower prices, sell rallies and see if it backs off.  Investors as well as traders who are looking to buy energies really need to look beyond this month and consider weakness, rather than chasing it up as many commodities have not been able to sustain rallies and are trading affairs.  Soybean had a sharp up move post the USDA report and has given back much of the gains with a sharp decline Friday. Soybeans are nearly unchanged on the month. Corn and Wheat are both lower on the month and the year. Coffee is probing month end levels and if Coffee can sustain a higher month over month trade it should be considered supportive. On a quarterly basis coffee is the most oversold in 45 years. Cocoa is higher on the month and year, traders should buy a dip, seasonally Cocoa tends to act better from this week until mid –December.  Sugar has acted sloppy. Sugar is lower on the month and lower on the year. However, buying Sugar after this week does tend to show profits into early January. Traders should stay tuned for flashes in Sugar.
Cotton appears stable at current levels well below the recent highs and is sitting at just about the same place it began the year.  Livestock analysis will be on a day to day basis, both Hogs and Cattle tend to firm a bit into the end of November , cattle is in better technical shape and hogs are sloppy to weak on lower cash which now appears to have leveled off after a steep decline. Stay tuned for Flashes in Livestock markets. Onto the Nitty Gritty

                                        THE SENSATIONAL STOCK AND BOND MARKET

DOW JONES INDUSTRIAL AVERAGE

Support should appear near 15,925.00 and the 15,760.00 to 15,690.00. Below that 15,760.00 to 15.690.00 should hold. Failure of indicates a test of 15,350.00 to 15,290.00 is likely and where buyers should contain declines.

Resistance is near the16, 090.00 to 16,150.00, a close or extended trade over is friendly and augurs for a test of 16,420.00 to 16,550.00.

DEC E-MINI SP500

Resistance should appear near the 1808.00 to 1822.00 region. A close over is friendly and augurs for a test of 1840.00 and eventually the 1858.00 to 1865.00 region.
Nearby support should appear near 1792.00 and 1780.00 to 1774.00 region. Below that buyers should appear near 1756.00.  Aggressive Traders should go long if a close over 1822.75 occurs.

 

NASDAQ COMPOSITE

Resistance remains should appear near 3992.00. A close over is friendly and augurs for a test of 4046.00 to 4056.00 region.  Beyond that a test of 4110.00 to 4120.00 is likely.

Support should appear near 3955.00 and the 3939.00 to 3909.00 region. Under that buyers should appear near 3888.00 and the 3867.00 to 3858.00 region and contain declines.

DEC E-MINI NASDAQ 100

Support should appear near 3386.00 to 3377.00 and 3352.50. Below that buyers should appear near the 3328 to 3319.00 region and 3270.00 to 3261.00

Resistance remains near the 3425.00 to 3443.00 region. A close over is friendly and augurs for a test of 3493.00 to 3503.00. Traders should go long if a close over 3443.75 occurs and stay tuned for a stop.     

 

 

 

 

 

DEC E-MINI RUSSELL 2000

Resistance should appear at 1115.50, a close over is friendly and augurs for an eventual test of 1130.00 to 1136.00.  Beyond that a sellers should appear near 1150.00 and the 1164.00 to 1169.00 region.

Support should appear near 1108.50 then 1101.00 to 1096.00 and 1082.50.

Traders should go long if a close over 1115.60 occurs and stay tuned for Index Flashes.

DEC 30 YR BOND

Resistance should appear near 133-07 and 133-21, above that a test of 134-07 and 134-21 is likely and should cap rallies.

Support should appear near 132-07 and 131-21. Below that 131-07 and 130-21 should contain declines. Under that buyers should appear near 130-7 and 129-21

DEC 10 YR NOTE

Resistance should appear near 127-07 then 127-21 and 128-07. Beyond that a test of 128-21 and

129-07 is likely and should cap a rally.

Support should appear near 126-07 and 125-21. Below that buyers should appear near 125-07 and then 124-21and should contain a declines                 

 

                                                  THE FRENZIED FOREX FRONT

DEC DOLLAR INDEX

Resistance should appear near 8119 to 8134 and the 8194 to 8823 region.

Nearby support should appear near 8044 to 8029, a close under is negative and augurs for a test of 7954 to 7939. Below that buyers should appear near 7864 to 7836.

DEC JAPANESE YEN
Resistance should appear near 10021 to 10037 and 10104 to 10138.  Traders can Sell at 10103 and hold for lower prices.
Support should appear near 9937 to 9921, a close under is negative and augurs for an eventual test of
9837 to 9821. Below that buyers should appear near the 9737 to 9706 region, which should contain declines, however failure there is negative….

 

DEC EURO CURRENCY

Support should appear near 13460 to 13400 and 13340. Below that a test of 13100 to 13040 is likely.
Resistance should appear near 13615 and should cap an early rally. Traders can sell at 13612 and risk 50 points. Beyond that resistance should appear near the 13770 to 13830 region.  An extended trade over is friendly and augurs for a test of 14150 to 14210.

 

DEC SWISS FRANC

Resistance should appear near 10960 to 11010 then 11087 and 11155.

Support is near 10820 and the 10680 to 10580 region, which should hold.

 

DEC BRITISH POUND

Support should appear near the 16090 and 15927. Below that buyers should appear near 15760 to 15690 and contain a decline.

Resistance should appear near 16150, beyond that a test of 16237 is likely and should cap early rallies.   A close or extended trade over is friendly augurs for a test of 16420 to 16550 which should cap a rally.

 

DEC CANADIAN DOLLAR

Resistance should appear near 9625 to 9641 and the 9706 to 9737 region. Traders can sell at 9703 and risk a close over 9742 for three days in a row.

Support should appear near 9542 to 9526 and the 9445 to 9428 region. Below that a test of 9347 to 9316 is likely.

DEC AUSSIE DOLLAR

Support should appear near 9347 to 9316 and 9237. Below that 9156 to 9140 should hold.
Resistance should appear near 9429 to 9445, a close over is friendly and augurs for a test of 9526 to 9542 and the 9625 to 9641 region.

 

 

 

 

                                                       THE PRECIOUS METALS

FEBRUARYGOLD

Resistance should appear near the 1304.0 to 1310.0 region. Beyond that 1334.0 to 1346.0

should bring out sellers.

Support is near the 1274.0 to 1268.0 region. Below that buyers should appear near 1238.0 to 1232.0 and the 1203.00 to 1192.00 region.

MARCH COPPER
Resistance should appear near 31940 to 32130 and 33190 to 33280.  A close over is friendly and augurs for a test of 33770 to 33860 which should cap a rally.

Support should appear near 31570 to 31480 and the 31020 to 30920 region which should contain declines.

 

MARCH SILVER

Support should appear near 2042 to 2034. Below that buyers should appear near 1996 to 1982 and the 1953 to 1946 region.

Resistance is at 2080 to 2089 then 2126 to 2134 and the 2170 to 2185 region.                                                                                 

          

                                             THE EXCITING ENERGIES

JANUARY CRUDE OIL

Resistance should appear near 9526 to 9542 and 9625 to 9641. Beyond that sellers should appear near 9706 to 9737.

Support should appear near 9429 and 9347 to 9316.  Under that a test of 9156 to 9140 is likely. Below that buyers should appear near 9060 to 9044 and contain a decline.

JANUARY HEATING OIL

Support should appear near should appear near 29370 to 29280, a close under is negative and augurs for a test of 28830 to 28740 and the 28290 to 28200 region.

Resistance should appear the 29720 to 29900 region. Traders can sell at 29710 and risk a close over 29910 for three days in a row and stay tuned updates.  Beyond that resistance should appear near
30360 to 30450.

JANUARY UNLEADED GAS

Support should appear near the 26200 to 26120 then 25680 to 25620 and the 25190 to 25110 region

Resistance should appear near 26630 to 26720, beyond that sellers should appear near 27160 to 27240

 

JANUARY NATURAL GAS

Resistance should appear at 3580 to 3865 and 3909 to 3929. Beyond that a test of 3982 to 3992 is likely.

Support should appear near 3563 to 3553 and the 3503 to 3493 region. Below that buyers should appear near 34430 to 34250 and contain declines.

        

                                                          THE GRANDE’ GRAINS

JAN SOYBEANS

Support should appear near 1238.00 to 1232.00 below that buyers should appear near 1203 to 1192.

Resistance should appear near 1304 to 1310. Beyond that sellers should appear near 1322 and the 1334 to 1346 region.

MARCH SOYOIL
Resistance should appear near 4238 to 4249 and the 4370 to 4381 region.
Support should appear near 4110 and the 4056 to 4046 region. Below that buyers should appear near 3992 to 3982 and contain declines.

MARCH SOYMEAL

Resistance should appear near 404.6 to 405.6 and 416.3 to 418.3.  Beyond that a test of 423.8 to 424.9 is likely.

Support should appear near 392.9 to 390.9 and the 386.7 to 385.8 region. Below that buyers should appear near higher prices. Below that support should appear near 380.6 to 379.5. Traders can buy at 380.7 and hold for higher prices.
MARCH CORN

Support should appear near and 418 ¼ to 416 ¼ then 412 to 411 and the 399 ¼ to 398 ¼ region.
Resistance should appear near 437 to 438 ¼ and 442 ¼ to 448 ½.

MARCH WHEAT

Resistance should appear near 665 ¾ to 667 ½ and 674 ¼ to 675 ¾

Support should appear near 635 to 633 ¾ and 619 to 616 ½.

                                           THE LIVELY LIVESTOCK

DEC CATTLE

Support should appear near 13237 and 13100 to 13040.

Resistance should appear near 13400, a close over is friendly and augurs fort a test of 13460 and 13530.

 

FEB CATTLE
Support should appear near 13460 then 13400 and 13340

Resistance should appear near 13530. Beyond that a test of the 13770 to 13830 region is likely and should cap a rally.

 

DEC HOGS         

Support should appear near 8592 to 8552 and the 8502 to 8482 region.

Resistance should appear near 8762 to 8777 and the 8857 to 8862 region which should a rally.

FEB HOGS
Support should appear near 8957 to 8932 and the 8872 to 8857 region.

Resistance should appear near 9137 to 9157 and 9317 to 9347

 

APRIL HOGS

Support should appear near 9157 to 9142 and 8967 to 8932.
Resistance should appear near 9317 to 9347 and the 9427 to 9447 region.

JUNE HOGS

Support should appear near 9837 to 9822 and 9737 to 9707 where buyers should appear and contain a decline.
Resistance should appear near 9922 to 9937 and 10022 to 10037, a close over is friendly and augurs for a test of the 10317 to 10357 region.  Stay tuned for Livestock flashes                                         

                                                    

                                            THE SATISFYING SOFTS

MARCH COFFEE

Support should appear near 10820 then 10680 to 10580 and the 10360 to 10320 region.

Resistance should appear near 10960 to 11010, a close over is friendly and augurs for a test of
11300 to 11360.

 

MARCH COCOA

Resistance should appear near 2758 to 2775. Beyond that a trade towards 2820 to 2829 is likely.
While sellers should appear near 2928 to 2937 and 2972 to 2990 and cap rallies.

Support should appear near 2697 and the 2672 to 2663 region. Traders can buy at 2697 and hold for higher prices. Below that buyers should appear near the 2620 to 2612 region
Stay tuned for Flashes

MARCH SUGAR

Resistance is near 1774 to 1780 and the 1808 to 1822 region. Beyond that a test of 1858 to 1865 is likely
Support should appear near 1738 to 1731 and the 1696 to 1689 region, which should contain declines.

 

MARCH COTTON

Support should appear near 7777 to 7763 and the 7589 to 7560 region.
Resistance is at 7836 to 7864 and 8029 to 8044

                                       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 November 17, 2013  1:15 PM South Florida Beach Time
Terms of Use and Agreement   https://www.futurescom.com/policies.html

 

THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES AND FOREIGN EXCHANGE TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, FOREIGN EXCHANGE AND OPTIONS. TRADING FUTURES AND FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PLEASE TRADE WITH CAPITAL YOU CAN AFFORD TO LOSE. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. NO SOLICITATION IS MADE HERE FOR INDIVIDUALS TO BUY OR SELL FUTURES CONTRACTS, FOREIGN EXCHANGE OR OPTION MARKET. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. READERS ARE SOLEY RESPONSIBLE FOR HOW THEY USE THE INFORMATION AND FOR THEIR RESULTS. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FUTURES AND FOREIGN EXCHANGE AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS, THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES AND FOREIGN EXCHANGE TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. INTERNET RISKS ; THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET BASED SERVICE INCLUDING BUT NOT LIMITED TO, FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION, FUTURESCOM EMPLOYS BACK-UP SYSTEMS AND CONTINGENCY PLANS TO MINIMIZE THE POSSIBILITY OF SYSTEM FAILURE

 

Bi-Weekly Investment Outlook by FuturesCom – Newsletter # 434 November 03 2013 Equity Indices – Treasuries – Forex – Currency Trading with Precious Metals – Energy – Grains – Livestock – Coffee – Sugar- Cocoa – Cotton comments

Nov 032013
 

FuturesCom  Bi-Weekly Investment Outlook # 434 November 03 2013  SP500 and  Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee •  Sugar • Cocoa  • Cotton.  Free Two Week Trial see https://futurescom.com/free-trial-2

The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty. — Winston Churchill —

 

Saturday November 02 2013
5:00 AM South Florida Beach Time


   Stocks were mixed Friday, small caps dropped a bit, techs up mildly and blue chips up a bit also, the transports continue to exhibit strength. Traders should stay nimble and tune in for Day Trades, BW flashes and Updates for all markets. The Dow Jones Industrial trend remains on a sideways to higher path typically the Dow Jones Industrial average tends remain firm into December, traders should consider buying Dow based ETF’s or Futures on dips. Historically
(as shown in the SP500 seasonality) most of the money in the stock market is made from November until about May. Investors should consider buying a mid-month decline in stocks.

Ball-on-a-silver-pedestal
Long term ‘yearly’ technical patterns for U.S. stock index averages remain friendly. Precious metals are trying to bottom with a sloppy wild back and forth action.
This time of year platinum tends to stay steady to firm into the end of November and maybe early December. Ditto for Gold and Silver which normally holds up fairly well on declines in the later part of November and into December. However Friday’s precious metal action was negative therefore ‘traders’ should be willing to trade both sides as the metals appear to be a trading affair.

 

The big action was seen in Forex markets last week as the Euro declined from our 13770 to 13830 region and we expected a pause and some lower action. However the Euro decline was swifter than we expected, needless to say after selling into strength and taking profits we never got back in. Look for a trading range in Euro between 13460 to 13340 and 13615 and perhaps 13770 to 13830 again on top. Breaking either side of that range would widen the trade to 14150 on top and 13100 on the bottom.  Forex traders should now use caution, expectations for Fed Tapering in December as some economists are predicting is silly. Folks have a better chance registering on the Obamacare website this weekend than getting the Fed to begin tapering in December.
U.S Payroll numbers are due to be released this Friday along with the USDA October Crop Production and WASDE report.  Corn is heavily oversold, as is coffee and cotton. Soybeans and products normally bottom this time of year for harvest lows.  Wheat acts ok but tends to get sloppy now.
OJ looks interesting and maybe getting get to ‘leave the area’ up for a rally into January and higher prices.  Sugar has declined to our general buying region. Cocoa is up on the year and is consolidating at nearby support.  We will be sending out commentary on the Grains before the crop report.
Analysis for overseas equity and foreign exchange markets is available upon request, for more information please call the office or email a request. We still like the CAC-40 longer term.
Finance ministers in Japan need to aggressively push for a weak Yen, if only to keep the Japanese stock markets from tumbling. This should not be a hard decision for Abe and those who think he will not do so should think twice. Traders should look for Dollar-Yen to level off with an upward bias.  Normally this time of year Yen Futures (shown in the historical seasonal chart) tend to decline and Dollar-Yen tends to rise beginning its ascent into spring. Forex traders should remain long Dollar-Yen and buy dips. Aggressive traders can sell yen futures for a trade or consider buying puts on the ‘FXY’ ETF.

 

The Aussie is weak against the dollar we will look to exit longs on a rally. A trading range of 9347 to 9316 on bottom and 9707 to 9737 on top should be expected. However seasonally the Aussie can remain firm against the CHF well into November. The U.S Dollar typically holds well against the Canadian dollar into December. Forex traders can buy CAD against 10360 to 10320 if able. Futures traders can sell rallies for day trades. Stay tuned for Forex flashes.

 

Energies are a mess. Brent Crude acts far better than WTI. Lower Gasoline prices are a boon to the U.S consumer. However Heating Oil can quickly turn into a weather market over the next few months and test the highs again.  Investors as well as traders should be looking to buy heating oil for a bounce into December and perhaps January.

Onto the Nitty Gritty

                                        THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE

Support should appear near the 15,350.00 to 15,290.00 region. Below that 15,125.00 should hold. Failure of 15,125.00 indicates a test of 14,960.00 to 14,840.00 is likely and where buyers should contain declines.

Resistance remains near the 15,690.00 to 15,760.00 region. However a close over is friendly and augurs for a test of 15,925.00 and eventually the16, 090.00 to 16,150.00 region down the road.

 

DEC E-MINI SP500

Resistance should appear near 1756.00 and the 1774.00 to 1780 region. A close over is friendly and augurs for a test of the 1808.00 to 1822.00 region.
Nearby support should appear near 1747and the 1738.00 to 1731.00 region. Below that buyers should appear near 1696.00 to 1689.00.

Aggressive Traders should go long if a close over 1780.75 occurs.

 

NASDAQ COMPOSITE

Resistance should appear near 3929.00, a close over is friendly and augurs for a test of 3982.00 to 3992.00. Beyond that a test of the 4046.00 to 4056.00 region is likely.

Support should appear near 3909.00 then 3888.00 and the 3867.00 to 3858.00 region. Below that buyers should contain declines near 3806.00 to 3795.00.

 

 

 

 

DEC E-MINI NASDAQ 100

Support should appear near 3352.50 and the 3328.00 to 3319.00 region. Below that buyers should appear near the 3270.00 to 3261.00 region.

Resistance should appear near 3377.00 to 3386.00, a close over is friendly and augurs for a test of and the 3425.00 to 3443.00 region. Traders should go long if a close over 3387.00 occurs.    

 

DEC E-MINI RUSSELL 2000

Resistance should appear at 1096.00 to 1101.00 and 1130.00 to 1136.00.

Support should appear near 1082.50 and the 1068.00 to 1058.00 region.
Stay tuned for Index Flashes.

 

DEC 30 YR BOND

Resistance should appear near 134-07 and 134-21, above that a test of 135-07 and 135-21 is likely and should cap rallies.

Support should appear near 133-21 and 133-07. Below that buyers should appear near 132-21 then 132-07 and contain declines. .

 

DEC 10 YR NOTE

Resistance should appear near 127-07 then 127-21 and 128-07. Beyond that a test of 128-21 and

129-07 is likely and should cap a rally.

Support should appear near 126-07 and 125-21. Below that buyers should appear near 125-07 and then 124-21and should contain a declines                 

 

                                                  THE FRENZIED FOREX FRONT

DEC DOLLAR INDEX

Resistance should appear near 8119 to 8134 and the 8194 to 8823 region.

Nearby support should appear near 8044 to 8029, a close under is negative and augurs for a test of 7954 to 7939. Below that buyers should appear near 7864 to 7836.

 

 

 

 

DEC JAPANESE YEN
Resistance should appear near 10185 then 10227 and the 10320 to 10360 region.  Traders can Sell at 10317 and hold for lower prices.
Support should appear near 10136 to 10104, a close under is negative and augurs for at test of 10037 to 10021.  Trade Accordingly

 

DEC EURO CURRENCY

Support should appear near 13460 to 13400 and 13340. Below that a test of 13100 to 13040 is likely.
Resistance should appear near 13615 and should cap an early rally. Traders can sell at 13617 and risk 50 points. Beyond that resistance should appear near the 13770 to 13830 region.  An extended trade over is friendly and augurs for a test of 14150 to 14210.

 

DEC SWISS FRANC

Resistance should appear near 11010 then 11087 and 11155. Beyond that a test of 11300 to 11360 is likely to occur.

Support remains near 10960. A close under is negative and augurs for a test of 10820 and the 10680 to 10580 region, which should hold.

 

DEC BRITISH POUND

Support should appear near the 15760 to 15690 region.

Resistance should appear near 16090 to 16150 and should cap early rallies.

 

DEC CANADIAN DOLLAR

Resistance should appear near 9625 to 9641 and the 9706 to 9737 region. Traders can sell at 9705 and risk a close over 9742 for three days in a row.

Support should appear near 9542 to 9526 and the 9445 to 9428 region.

DEC AUSSIE DOLLAR

Support should appear near 9347 to 9316 and 9237.
Resistance should appear near 9429 to 9445 the 9526 to 9542 and 9625 to 9641

 

                                                       THE PRECIOUS METALS

DECEMBER GOLD

Resistance should appear near 1334.0 to 1346.0. A close over is friendly and augurs for a test of 1377 to 1383 and the 1453.0 to 1459.0 region.

Support is near 1310.00 to 1304.0 then 1289.00 and the 1274.0 to 1268.0 region.

 

DEC COPPER
Resistance should appear near 33190 to 33280.  A close over is friendly and augurs for s test of 33770 to 33860. Beyond that sellers should appear near 34250 to 34430 which should cap a rally.

Support should appear near 32700 to 32610 and the 32130 to 31940 region which should contain declines.

 

DECEMBER SILVER

Support should appear near 2170.0 and the 2134.0 to 2126.0 region. Below that buyers should appear near 2089.0 to 2080.0 and contain a decline.

Resistance at the 2219.0 to 2226.0. A sustained rally over is friendly and augurs for a test of 2267.0 to 2274.0. Beyond that sellers should appear near the 2354.0 to 2370.0 region.                                                                                

          

                                                   THE EXCITING ENERGIES

JANUARY CRUDE OIL

Resistance should appear near 9706 to 9737. Beyond that sellers should appear near 9821 to 9837.

Support should appear near 9445 to 9429. Below that a test of 9347 to 9316 is likely.

JANUARY HEATING OIL

Support should appear near should appear near 28830 to 28740 and the 28290 to 28200 region. Traders with Ice Water running thru their veins can buy at 28310 and risk a close under 28190 for three days in a row.

Resistance should appear 29280 to 29270 and the 29720 to 29900 region. A close over is friendly and augurs for a test of 30920 to 31020.

 

 

 

JANUARY UNLEADED GAS

Support should appear near the 25190 to 25110 region and the 24690 to 24610 region.

Resistance should appear near 25620 to 25680 and the 26120 to 26200 region.  Beyond that a test of
26630 to 26720 is likely.

 

JANUARY NATURAL GAS

Resistance should appear at 3613 to 3623 and the 3663 to 3682 region where sellers should appear near and cap a rally for now. A close over is friendly and augurs for higher prices towards 38580 to 38650.

Support should appear near 3563 to 3553 and the 3503 to 3493 region. Below that buyers should appear near 34430 to 34250 and contain declines.

 

                                                THE GRANDE’ GRAINS

JAN SOYBEANS

Support should appear near 1238.00 to 1232.00 below that buyers should appear near 1203 to 1192.

Resistance should appear near 1268 to 1274, a close over is friendly and augurs for a test of 1304 to 1310. Beyond that sellers should appear near 1322 and the 1334 to 1346 region.

DEC SOYOIL
Resistance should appear near 4238 to 4249 and the 4370 to 4381 region.
Support should appear near 4120 to 4110 and the 4056 to 4046 region, which should contain declines.

DEC SOYMEAL

Resistance should appear near 404.6 to 405.6 and 416.3 to 418.3.

Support should appear near 392.9 to 390.9 and the 386.7 to 385.8 region.

 

DEC CORN

Support should appear near and 418 ¼ to 416 ¼ and 399 ¼ to 398 ¼

Resistance should appear near 442 ¼ to 448 ½ and 463 ¾ to 465.

 

 

 

DEC WHEAT

Resistance should appear near 680 ¾ to 683 ¾ and 707 ½ to 708 ¾

Support should appear near 659 ¼ to 657 ¾ and 635 to 633 ¾

 

                                                           THE LIVELY LIVESTOCK

DEC CATTLE

Support should appear near 13100 to 13040 and 12892.

Resistance should appear near 13340 to 13460 and 13530.

 

FEB CATTLE
Support should appear near 13340 then 13217 and 13100 to 13040

Resistance should appear near 13460, a close over is friendly and augurs for a test of 13530 and the 13770 to 13830 region.

 

DEC HOGS         

Support should appear near 8777 to 8762 and 8682 to 8662.

Resistance should appear near 8932 to 8967 and 9037 to 9062, which should cap an early rally

FEB HOGS
Support should appear near 8957 to 8932 and the 8872 to 8857 region.

Resistance should appear near 9137 to 9157 and 9317 to 9347

 

APRIL HOGS

Support should appear near 9157 to 9142 and 8967 to 8932.
Resistance should appear near 9317 to 9347 and the 9427 to 9447 region.

 

JUNE HOGS

Support should appear near 9837 to 9822 and 9737 to 9707 where buyers should appear and contain a decline.

Resistance should appear near 9922 to 9937 and 10022 to 10037, a close over is friendly and augurs for a test of the 10317 to 10357 region.  Stay tuned for Livestock flashes

                                          

                                                         

                                            THE SATISFYING SOFTS

DEC COFFEE

Support should appear near 10360 to 10320

Resistance should appear near 11300 to 11360.

 

DECEMBER COCOA

Resistance should appear near 2758 to 2775. Beyond that a trade towards 2820 to 2829 is likely.
Sellers should appear near 2928 to 2937 and 2972 to 2990

Support should appear near the 2620 to 2612 region.  Below that buyers should appear near 2568 to 2552. Stay tuned for Flashes

MARCH SUGAR

Resistance is near 1858 to 1865 and 1902 to 1909. Beyond that a test of 1946 to 1953 is likely.

Support should appear near the 1822 to 1808 and the 1780 to 1774 region. Traders can buy at 1823 and risk a close under 1771 for three days in a row.

 

DEC COTTON

Support should appear near 7342 to 7328 and 7003 to 6990
Resistance is at 7836 to 7864 and 8029 to 8044

 

                                       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 November 03, 2013 1:35 PM South Florida Beach Time
Terms of Use and Agreement   https://www.futurescom.com/policies.html

 

 

THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES AND FOREIGN EXCHANGE TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, FOREIGN EXCHANGE AND OPTIONS. TRADING FUTURES AND FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PLEASE TRADE WITH CAPITAL YOU CAN AFFORD TO LOSE. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. NO SOLICITATION IS MADE HERE FOR INDIVIDUALS TO BUY OR SELL FUTURES CONTRACTS, FOREIGN EXCHANGE OR OPTION MARKET. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. READERS ARE SOLEY RESPONSIBLE FOR HOW THEY USE THE INFORMATION AND FOR THEIR RESULTS. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FUTURES AND FOREIGN EXCHANGE AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS, THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES AND FOREIGN EXCHANGE TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. INTERNET RISKS ; THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET BASED SERVICE INCLUDING BUT NOT LIMITED TO, FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION, FUTURESCOM EMPLOYS BACK-UP SYSTEMS AND CONTINGENCY PLANS TO MINIMIZE THE POSSIBILITY OF SYSTEM FAILURE

 

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