Futures Trading Newsletter , Bi-Weekly Investment Outlook #489.
FuturesCom Futures Trading Newsletter Saturday December 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
We wish everyone a Safe and Happy Holiday and a Prosperous New year !
Saturday December 12th, 2015
5:00 AM, South Florida Beach Time Contact our office if you need analysis for global equities, foreign exchange markets or commodities not covered in our Bi-Weekly Investment Outlooks. With the Christmas / New Years holiday just around the corner traders should expect the markets to be thin and volatile till the New Year begins in earnest. Bi-Weekly Investment Outlook # 490 will be issued on Jan 3rd of 2016. Stay tuned for flashes, updates and additional comments and recommendations.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at the 16,960.00 to 16,890.00 region. Below that buyers should appear near the 16,550.00 to 16,420.00 region.
Resistance should appear near 17,310.00 to 17,380.00 and the 17,740.00 to 17,800.00 region. Beyond that sellers should appear near 18,080.00 to 18,220.00
DOW JONES TRANSPORTS
Support should appear near 7342.00 to 7328.00 , below that a test of 7088.00 to 7074.00 and the 7003.00 to 6990.00 region is likely.
Resistance is at 7763.00 to 7777.00 and 7836.00 to 7864.00 region where sellers should appear and cap a rally.
MARCH E-MINI SP500
Resistance should appear 2034.00 to 2042.00 and 2080.00 to 2089.00 region.
Support should appear near 1953.00 to 1946.00 and the 1909.00 to 1902.00 region
Traders can buy at 1909.50 for a bounce and risk a close under 1901.00 for three days in a row.
Stay tuned for flashes
NASDAQ COMPOSITE
Resistance should appear at 4973.00 to 4995.00. Beyond that, sellers should appear near the 5127.00 to 5136.00 region and cap a rally. Support should appear near the 4856.00 to 4845.00 region. Below that buyers should come appear near the 4785.00 to 4775.00 region.
MARCH E-MINI NASDAQ 100
Support should appear near 4446.00 to 4425.00. Below that a test of the 4381.00 to 4370.00 region is likely and should hold. Traders with ‘ice water in their veins’ can buy at 4382.00 and risk a close under 4367.00 for three days in a row. Resistance is at 4571.00 to 4582.00 and the 4639.00 to 4650.00 region. Beyond that sellers should appear near 4695.00 to 4717.00
MARCH E-MINI RUSSELL 2000
Resistance should appear near 1130.00 1130.00 to 1136.00 and 1150.00. Beyond that sellers should appear near 1192.00 to 1203.00 and cap a rally. Traders can sell at 1190.90 and hold for lower prices. risk a close over 1203.90 for three days in a row. Support should appear near 1082.00 and the 1068.00 to 1058.00 region.
MARCH 30 YR BONDS
Resistance should appear near 159-12 and 160-22. Beyond that sellers should appear near 161-12.
Support should appear near 15612 and 155-07. Below that buyers should appear near 153-21
MARCH 10 YR NOTES
Resistance should appear near 128-07 and 130-21. Beyond that sellers should appear near 131-07
Support should appear near 126-21 and 125-22. Below that buyers should appear near 124-07
THE FRENZIED FOREX FRONT MARCH DOLLAR INDEX
Resistance should appear near 9821 to 9837, a close over is friendly and augurs for a test of the 9921 to 9937 region. Support should appear near the 9737 to 9706 below that buyers should appear near 9641 to 9625. MARCH JAPANESE YEN
Resistance should appear near 8391 to 8406 and 8484 to 8499. Support should appear near the 8134 to 8119 and the 8044 to 8029 region.
MARCH EURO CURRENCY
Support should appear near 10960 and 10820. A close under is negative and augurs for a test of 10680 to 10580. Resistance should appear near 11155 and the 11300 to 11360 region. Traders should go short if a close under 10957 occurs.
MARCH SWISS FRANC
Resistance should appear near 10320 to 10360 and 10470. Beyond that sellers should appear near 10577 to 10582
Support should appear near 10136 to 10104 and 10037 to 10021 an extended trade under is negative and augurs for an eventual test of 9837 to 9821.
MARCH BRITISH POUND
Support should appear near the 14960 to 14840 region. Below that a trade towards 14722 is likely. Resistance should appear near the 15290 to 15350 region. Beyond that sellers should appear near 15435 and 15517.
MARCH CANADIAN DOLLAR
Resistance should appear near 7328 to 7342, Traders can sell at 7327 and hold for lower prices. Beyond that sellers should appear near 7414 to 7428.
Support should appear near the 7170 to 7143 and the 7003 to 6990 region.
MARCH AUSSIE DOLLAR Resistance should appear near 7242 to 7255 and the 7328 to 7342 region.
Support should appear near 7143 , a close under is negative and augurs for a test of 7088 to 7074 and the 7003 to 6990 region. Traders should go short if a close under 7141 occurs.
THE PRECIOUS METALS
FEBRUARY GOLD
Resistance should appear near 1096.0 to 1101.0 and 1130.0 to 1136.0
Support should appear near 1068.0 to 1058.0 and the 1036.0 to 1032.0 region.
MARCH COPPER
Resistance should appear near 21260 to 21340. Beyond that sellers should appear near 21700 to 21850 and cap a rally.
Support should appear near 20420 to 20430 and the 19960 to 19820 region. Failure there is negative and augurs for a test of 18650 to 18580.
MARCH SILVER
Support should appear near the 1346.0 to 1334.0 region. Below that buyers should appear near 1310.0 to 1304.0 and contain a decline.
Resistance is at 1415.0 to 1421.0 and the 1453.0 to 1459.0 region.
THE EXCITING ENERGIES
FEBRUARY CRUDE OIL
Support should appear near 3743 to 3734 and the 3623 to 3613 region. Below that a test of 3563 to 3553 is likely.
Resistance should appear near 3795 to 3806 and the 3858 to 3867 region. Beyond that sellers should appear near 3909 to 3929 and 4046 to 4056. Traders can sell at 4043 and hold for lower prices.
MARCH CRUDE OIL
Support should appear near 3806 to 3795 and the 3682 to 3663 region. Below that a test of 3623 to 3613 is likely.
Resistance should appear near 3909 to 3929 and the 4110 to 4120 region.
FEBRUARY BRENT CRUDE OIL
Support should appear near 3743 to 3734 and the 3623 to 3613 region.
Resistance should appear near 3909 to 3929 and the 4046 to 4056 region. Beyond that sellers should appear near 4110 to 4120. FEBRUARY HEATING OIL
Support should appear near 11690 to 11640 and the 11360 to 11300 region. Under a test of the 11010 to 10920 region is likely
Resistance should appear 12030 and the 12320 to 12380 region. Beyond that sellers should appear near 12680 to 12740 and cap a rally.
FEBRUARY UNLEADED GAS
Support should appear near 12380 to 12320 and the 12030 to 11920 region.
Resistance should appear 13040 to 13100 and the 13770 to 13830 region.
FEBRUARY NATURAL GAS
Support should appear near 1.953 to 1.946 and 1.8220 to 1.8080.
Resistance should appear near 2.126 to 2134 and 2.170 to 2185. Beyond that sellers should appear near the 2.267 to 2.275 region.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 868 ¼ to 866 ½ and 858 ¾ to 856 region. Failure to hold is negative and augurs for a test of 831 ½ to 830 region.
Resistance should appear near the 876 ¼ to 877 ¾ region. Beyond that sellers should appear near 885 ¾ to 887 ¼ and the 893 ½ to 896 ½ region. Traders should go short if a close under 865 ¾ occurs. JANUARY SOYOIL Support should appear near 3045 to 3038 and the 2990 to 2972 region.
Resistance should appear near 3194 to 3213 and the 3261 to 3270 region. JANUARY SOYMEAL
Resistance should appear near 282.0 to 282.9. Beyond that sellers should appear near the 287.4 to 288.3 region and cap a rally.
Support should appear near 267.2 to 263.6. Below that a test of the 262.0 to 261.2 region is likely.
MARCH CORN
Support should appear near the 362 ¼ to 361 ¼ region. Below that a test of 350 ¼ to 349 ¼ is likely. Resistance should appear near 379 ½ to 380 ¾ and the 385 ¾ to 386 ¾ region.
MARCH WHEAT Support should appear near 478 ½ to 477 ½ and the 465 to 463 ¾ region.
Resistance should appear near 497 ¼ to 499 ½ and the 505 ¾ to 506 ¾ region.
THE LIVELY LIVESTOCK
FEBRUARY CATTLE Support should appear near 12030 to 11920 and the 11690 to 11640 region.
Resistance should appear near 12680 to 12740 and the 13040 to 13100 region.
APRIL CATTLE
Support should appear near 12380 to 12320 and the 12030 to 11920 region.
Resistance should appear near 12887 and the 13030 to 13100 region. Beyond that sellers should appear near 13340 to 13460 and cap a rally.
FEBRUARY HOGS Support should appear near 5882 to 5857 and the 5577 to 5552 region.
Resistance should appear near 6102 to 6112 and the 6162 to 6192 region. Traders can sell at 6157 and risk a close over 6272 for three days in a row.
APRIL HOGS
Resistance should appear near 6577 to 6592. Beyond that sellers should appear near 6657 to 6672 and cap a rally.
Support should appear near the 6352 to 6337. Below that a test of 6037 to 6022 is likely.
Stay tuned for Livestock flashes and updates.
THE SATISFYING SOFTS
MARCH 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. Below that a test of 11690 to 11640 and 11360 to 11300 is likely.
MARCH COCOA Support should appear near the 3213 to 3194 region. Below that a test of 3157 to 3148 is likely and should hold. Resistance should appear near the 3377 to 3386 and the 3425 to 3443 region. Beyond that sellers should appear near 3553 to 3563 and cap a rally. MARCH SUGAR Resistance is near 1484 to 1496 and the 1529 to 1535 region , where sellers should appear and a cap a rally. Support should appear near 1421 to 1415 and the 1383 to 1377 region. Below that a test of 1346 to 1334 is likely and should contain a decline.
MARCH COTTON
Support should appear near 6270 to 6257 and the 6035 to 6023 region.
Resistance is at 6483 to 6509 and the 6657 to 6672 region.
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 December 12th, 2015 8:00 PM South Florida Beach Time
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