Futures Trading Investment Comments
Tuesday August 9, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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‘A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice’
Monday August 8, 2016
2:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 18,400.00 and the 18,220.00 to 18,080.00 region.
Resistance is at the 18,580.00 to 18,650.00 region.
DOW JONES TRANSPORTS
Support should appear near 7836.00 and 7777.00 to 7763.00. Resistance should appear near 7939.00 to 7954.00 and 8029.00 to 8035.00
SEPT E-MINI SP500
Resistance should appear near 2185.00 and 2219.00 to 2226.00 Support should appear near 2170.00 and 2152.00.
NASDAQ COMPOSITE
Resistance should appear near 5259.00 to 5282.00
Support should appear near 5200.00 and 5139.00 to 5127.00
SEPT E-MINI NASDAQ 100
Support should appear near 4717.00 to 4695.00
Resistance is at 4845.00 to 4856.00
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1238.00 and 1268.00 to 1274.00.
Support should appear near 1217.00 and 1203.00 to 1192.00.
SEPT 30 YR BONDS
Resistance should appear near 172-07 and 172-21
Support should appear near 171-07 and 170-21.
SEPT 10 YR NOTES
Resistance should appear near 132-21 and 133-07
Support should appear near 131-07 and 130-21.
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9706 to 9737 Support should appear near 9542 to 9526
JAPANESE YEN
Resistance should appear 9821 to 9837 and 9921 to 9937. Support should appear near 9737 to 9706 and 9641 to 9625
SEPT EURO CURRENCY
Support should appear near 11087 and the 11010 to 10960 region. Resistance should appear near 11155 and 11237. SEPT SWISS FRANC
Resistance should appear near 10237 and 10320 to 10360
Support should appear near 10136 to 10104
SEPT BRITISH POUND
Support should appear near 12890 and 12740 to 12680
Resistance should appear near 13100 and 13220
SEPT CANADIAN DOLLAR
Resistance should appear near 7638 and 7675 to 7689
Support should appear near 7587 and 7513 to 7487
BW Traders can sell if a close under 7584 occurs.
SEPT AUSSIE DOLLAR Resistance should appear near 7675 to 7689
Support should appear near 7601 to 7587. THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1346.0 and 1361.5
Support should appear near 1334.0 and 1310.0 to 1304.0
SEPT COPPER
Resistance should appear 21700 to 21850 and 22190 to 22260
Support should appear near 20890 to 20800 and the 20420 to 20340 region.
SEPT SILVER
Resistance should appear 1989.0 to 1996.0 and 2034.0 to 2042.0
Support is at 1954.0 to 1946.0 and 1909.0 to 1902.0
THE EXCITING ENERGIES
SEPTEMBER CRUDE OIL
Support should appear near 4249 to 4238 and 4120 to 4110
Resistance should appear near 4304 to 4315 and 4370 to 4381
OCTOBER CRUDE OIL
Support should appear near 4315 to 4304 and 4183 to 4163
Resistance should appear near 4370 to 4381 and 4425 to 4446
OCTOBER BRENT CRUDE OIL
Support should appear near 4381 to 4370
Resistance should appear near 4695 to 4717
SEPT HEATING OIL
Support should appear near 13100 to 13040 and 1274 to 12680
Resistance should appear near 13460 then 13615 and 13770 to 13830
SEPT UNLEADED GAS
Support should appear near 13460 to 13340 and 13100 to 13040
Resistance is at 13615 then 13770 to 13830 and 14150 to 14210
SEPT NATURAL GAS
Support should appear near 2724 to 2716 and 2672 to 2663 Resistance should appear near 2758 to 2775 and 2820 to 2829
THE GRANDE’ GRAINS
SEPTEMBER SOYBEANS
Support should appear near 983 ¾ to 982 ¾ and 973 ¾ to 970 ¾
Resistance should appear near 1002 ¼ to 1003 ¼ and 1010 ½ to 1013 ¾
NOVEMBER SOYBEANS
Support should appear near 973 ¾ to 970 ¾ and 964 ¼ to 962 ½
Resistance should appear near 992 ¼ to 993 ¾ and 1002 ¼ to 1003 ¾
SEPTEMBER SOYOIL Support should appear near 3045 to 3036
Resistance should appear near 3148 to 3157
DECEMBER SOYMEAL
Resistance should appear near 337.7 to 338.6 and 342.5 to 344.3
Support should appear near 327.0 to 326.1 and 321.3 to 319.4
SEPTEMBER CORN
Support should appear near 321 ¼ to 319 ¼ and 315 ¾ to 314 ¾
Resistance should appear near 326 ¼ to 327 and 331 ¾ to 332 ¾
SEPTEMBER WHEAT Support should appear near 412 to 411 and 405 ¾ to 404 ¾
Resistance should appear near 423 ¾ to 424 ¾ and 430 ½ to 431 ¾
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 11360 to 11300 Resistance should appear near 11500 and the 11640 to 11690 region. DECEMBER CATTLE
Support should appear near 11360 to 11300. Resistance should appear near the 11640 to 11690 region.
AUGUST HOGS
Support should appear near 6672 to 6657 and 6592 to 6577
Resistance should appear near 6742 to 6757 and 6807 to 6837
OCTOBER HOGS
Resistance should appear near 5947 to 5957 and 6022 to 6037
Support should appear near 5807 to 5792 and 5732 to 5717. BW Traders should go short if a close under 5852 occurs.
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Resistance should appear near 14530 to 14590. Support should appear near the 13830 to 13770 region. SEPTEMBER COCOA Support should appear near 2990 to 2972 Resistance should appear near 3092 to 3102
OCTOBER SUGAR Resistance is near 2080 to 2089 Support should appear near 1996 to 1982 DECEMBER COTTON Support should appear near 7428 to 7414 and 7342 to 7328 Resistance should appear near 7675 to 7689 and 7763 to 7777
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
Monday August 8, 2016 4:00 PM 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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