Futures Trading Investment Comments
Wednesday February 24, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Tuesday February 23, 2016
2:30 PM, South Florida Beach Time
Stay tuned for Flashes and Updates in all Markets
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 16,285.00 and the 16,150.00 to 16,090.00 region
Resistance should appear near 16,550.00 then 16,720.00 and 16,890.00.
DOW JONES TRANSPORTS
Support should appear near 7255.00 to 7242.00 and 7170.00 to 7143.00
Resistance should appear near 7414.00 to 7428.00 and 7486.00 to 7513.00
MARCH E-MINI SP500
Resistance should appear near 1927.50 and the 1946.00 to 1953.00 region. BW Traders can sell June SP500 at 1945.75 and risk a close over 1957.75 for three days in a row.
Support should appear near 1909.00 to 1902.00. A close under is negative and augurs for a test of 1883.50 and the 1865.00 to 1858.00 region.
NASDAQ COMPOSITE
Resistance should appear 4571.00 to 4582.00 and the 4639.00 to 4650.00 region.
Support should appear near 4504.00, below that a test of the 4446.00 to 4425.00 region is likely.
MARCH E-MINI NASDAQ 100
Support should appear near 4120.00 to 4110.00 and 4056.00 to 4046.00
Resistance is at 4238.00 to 4249.00 and the 4304.00 to 4315.00 region. BW Traders can sell June at 4231.00 and risk a close over 4252.00 for three days in row.
MARCH E-MINI RUSSELL 2000
Resistance should appear near 1032.00 to 1036.00
Support should appear near 1003.7 to 1002.10
MARCH 30 YR BONDS
Resistance should appear near 167-07 and 167-21
Support should appear near 166-07 and 165-21
MARCH 10 YR NOTES
Resistance should appear near 131-07 and 131-21
Support should appear near 130-07 and 129-21
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 9779 and 9821 to 9837 Support should appear near 9737 to 9706 and 9673.
MARCH JAPANESE YEN
Resistance should appear near 9044 to 9060. Support should appear near 8871 to 8856.
MARCH EURO CURRENCY
Support should appear near 10960, a close under is negative and augurs for a test of 10820 and eventually the 10680 to 10580 region. Resistance should appear near 11082 and 11155. MARCH SWISS FRANC
Resistance should appear near 10104 to 10136 and 10187
Support should appear near 10037 to 10021 and 9937 to 9921
MARCH BRITISH POUND
Support should appear near 13992 and 13830 to 13770 Resistance should appear near 14150 to 14210.
MARCH CANADIAN DOLLAR
Resistance should appear near 7291 and 7328 to 7342
Support should appear near 7255 to 7242 and 7206.
MARCH AUSSIE DOLLAR Resistance should appear near 7242 to 7255.
Support should appear near 7170 to 7143.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1232.0 to 1238.0 and 1253.0
Support should appear near 1217.50 and 1203.0 to 1192.0.
MAY COPPER
Resistance should appear near 21260 to 21340 and 21700 to 21850
Support should appear near 20890 to 20800 and 20420 to 20340.
MAY SILVER
Support should appear near 1496.0 to 1484.0.
Resistance is at 1535.0 and 1569.0 to 1576.0
THE EXCITING ENERGIES
APRIL CRUDE OIL
Support should appear near 3102 to 3092 and the 3045 to 3036 region.
Resistance should appear near 3194 to 3213 then 3261 to 3271 and the 3319 to 3328 region. BW traders should go short if a close under 3091 occurs.
MAY CRUDE OIL
Support should appear near 3328 to 3319 then 3270 to 3261 and 3213 to 3194.
Resistance should appear near 3425 to 3443 then 3493 to 3503 and 3553 to 3563.
MAY BRENT CRUDE OIL
Support should appear near 3386 to 3377 and 3328 to 3319
Resistance should appear near 3425 to 3443 and 3493 to 3503
APRIL HEATING OIL
Support should appear near 10136 to 10104 and 9937 to 9921
Resistance should appear 10580 to 10630 and 10680.
APRIL UNLEADED GAS
Support should appear near 12030 to 11920 and 11805
Resistance should appear 12320 to 12380 and 12680 to12740
APRIL NATURAL GAS
Support should appear near 1.808 and 1.780 to 1.774
Resistance should appear near 1.858 to 1.865 and 1.902 to 1.909
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 868 ¼ to 866 ¾ and 858 ¾ to 856
Resistance should appear near 876 1/.4 to 877 ½ and 885 ¾ to 887 ¼ MAY SOYOIL Support should appear near 3045 to 3038
Resistance should appear near 3148 to 3157
MAY SOYMEAL
Resistance should appear near 266.3 to 267.1
Support should appear near 262.0 to 261.2
MAY CORN
Support should appear near 362 ¼ to 361 ½ and 356 ¼ to 355 ¼ Resistance should appear near 368 ½ and 373 1/21 to 374 ½
MAY WHEAT Support should appear near 451 ½ to 450 ½ and 444 ¾ to 442 ½
Resistance should appear near 458 ½ and 463 ½ to 465
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near the 13460 to 13400
Resistance should appear near 13607 and 13767
JUNE CATTLE
Support should appear 12382 to 12317
Resistance should appear near 12527 and 12607
APRIL HOGS
Resistance should appear near 7072 to 7087 and 7142 to 7172.
Support should appear near 6922 to 6907 and 6837 to 6807.
JUNE HOGS
Resistance should appear near 8117 to 8132
Support should appear near 7957 to 7937
THE SATISFYING SOFTS
MAY COFFEE
Resistance should appear near 12030 and 12320 to 12380. Support should appear near 11805 and 11690 to 11640 MAY COCOA Support should appear near 2829 to 2820 and 2724 to 2716. Resistance should appear near 2928 to 2937 and 2972 to 2990. BW Traders can sell at 2971 and hold for lower prices. MAY SUGAR Resistance is near the 1453 to 1459 Support should appear near 1310 to 1304 MAY COTTON Support should appear near 5729 to 5716 and 5653 to 5640 Resistance should appear near 5855 to 5880 and 5945 to 5957 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
Tuesday February 23, 2016 3:55 PM South Florida Beach Time
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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