Futures Trading Investment Comments
Monday May 16, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Sunday May 15, 2016
4:00 AM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at the 17,380.00 to 17,310.00 region.
Resistance is at 17,560.00 and the 17,740.00 to 17,800.00 region.
DOW JONES TRANSPORTS
Support should appear near 7486.00 and the 7342.00 to 7328.00 region. Resistance should appear near 7587.00 to 7601.00 and 7638.00
JUNE E-MINI SP500
Resistance should appear at 2051.50 then 2061.00 and 2070.50
Support should appear near 2034.00 and 1996.00 to 1989.00
NASDAQ COMPOSITE
Resistance should appear 4745.00 and 4775.00 to 4785.00
Support should appear near 4695.00 and 4650.00 to 4639.00
JUNE E-MINI NASDAQ 100
Support should appear near 4315.00 to 4304.00 and 4249.00 to 4238.00
Resistance is at the 4370.00 to 4381.00 and 4425.00 to 4446.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1115.50 and 1130.00 to 1136.00
Support should appear near 1096.00 and 1068.00 to 1058.00
JUNE 30 YR BONDS
Resistance should appear near 167-07 and 167-21
Support should appear near 166-07 and 165-21
JUNE 10 YR NOTES
Resistance should appear near 131-21 and 132-07
Support should appear near 130-21 and 130-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9526 to 9542. Support should appear near 9445 to 9429.
JUNE JAPANESE YEN
Resistance should appear near 9316 to 9347 Support should appear near 9156 to 9140.
JUNE EURO CURRENCY
Support should appear near 11300 then 11227 and 11155. Resistance should appear near 11330 to 11360 and 11427.
JUNE SWISS FRANC
Resistance should appear near 10320 to 10360.
Support should appear near 10187 and 10136 to 10104.
JUNE BRITISH POUND
Support should appear near 14290 and 14210 to 14150. Resistance should appear near 14447 and 14530 to 14590.
JUNE CANADIAN DOLLAR
Resistance should appear near 7763 to 7777
Support should appear near 7689 to 7675
JUNE AUSSIE DOLLAR Resistance should appear near 7292 and 7328 to 7342
Support should appear near 7170 to 7143
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1274.0 and 1289.00
Support should appear near 1253.0 and 1238.0 to 1232.0
JULY COPPER
Resistance should appear 20800 to 20890 and 21260 to 21340.
Support should appear near 19960 to 19820 and 19530 to 19460
JULY SILVER
Support should appear near 1689.0 and 1655.0 to 1642.0
Resistance is at 1731 to 1738 and 1774.0 to 1780.0
THE EXCITING ENERGIES
JUNE CRUDE OIL
Support should appear near 4582 to 4571 and 4514 to 4504
Resistance should appear near 4639 to 4650 and 4695 to 4717
JULY CRUDE OIL
Support should appear near 4650 to 4639 then 4582 to 4571 and 4514 to 4503
Resistance should appear near 4695 to 4717 then 4775 to 4785 and 4845 to 4856
JULY BRENT CRUDE OIL
Support should appear near 4717 to 4695 and 4650 to 4639
Resistance should appear near 4845 to 4856 and 4973 to 4995
JUNE HEATING OIL
Support should appear near 13460 to 13340 and 13100 to 13040
Resistance should appear 14150 to 14210 and 14530 to 14590
JUNE UNLEADED GAS
Support should appear near 15769 to 15690 and 15350 to 15290
Resistance should appear 16090 to 16150 and 16420 to 16550
JUNE NATURAL GAS
Support should appear near 2042 to 2034
Resistance should appear near 2170 to 2185
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1047 and 1036 to 1032
Resistance should appear near 1082 and 1096 to 1102
JULY SOYOIL
Support should appear near 3213 to 3194 and 3157 to 3148
Resistance should appear near 3261 to 3270 and 3319 to 3328 JULY SOYMEAL
Resistance should appear near 366.3 to 368.2 and 373.4 to 374.3
Support should appear near 350.3 to 349.3 and 344.3 to 342.5
JULY CORN
Support should appear near 386 ¾ to 385 ¾ and 374 ¼ to 373 ½.
Resistance should appear near 390 ¾ to 392 ¾ and 398 ¼ to 399 ¼
JULY WHEAT Support should appear near 471 ¾ to 469 ½ and 458 ¼ to 457 ¼.
Resistance should appear near 477 ½ to 478 ½ and 484 ½ to 485 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear 12175 and 12030 to 11920
Resistance should appear near 12380 and 12530
AUGUST CATTLE
Support should appear near 11807 and 11690 to 11640
Resistance should appear near 11920 to 12030.
JUNE HOGS
Resistance should appear 8222 and 8300 to 8317
Support should appear near 8137 to 8117, a close under is negative and augurs for a test of 8047 to 8027. BW Traders should sell July Hogs 8187 stop
AUGUST HOGS
Resistance should appear near 8297 to 8317 and 8392 to 8407
Support should appear near 8192 and 8137 to 8117
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 13340 to 13460 Support should appear near 12890 and 12740 to 12680.
JULY COCOA
Support should appear near 2937 to 2928 and 2829 to 2820 Resistance should appear near 3013 and 3036 to 3045
JULY SUGAR Resistance is near 1689 to 1696 Support should appear near 1655 to 1642
JULY COTTON Support should appear near 5880 to 5855 and 5805 to 5792 Resistance should appear near 6101 to 6113 and 6165 to 6190
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 May 15, 2016 5:05 AM South Florida Beach Time
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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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