Futures Trading Investment Comments
Thursday August 18, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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“Perfection is not attainable, but if we chase perfection we can catch excellence.” — Vince Lombardi
Wednesday August 17th, 2016
6:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 18,400.00 and 18,220.00 to 18,080.00
Resistance is at 18,580.00 to 18,650.00 and 18,835.00.
DOW JONES TRANSPORTS
Support should appear near 7777.00 to 7763.00. Resistance should appear near 7939 to 7954.
SEPT E-MINI SP500
Resistance should appear near 2185.00 and 2202.00.
Support should appear near 2170.00 and 2161.50
NASDAQ COMPOSITE
Resistance should appear near 5259.00 to 5282.00.
Support should appear near 5211.00 to 5200.00.
SEPT E-MINI NASDAQ 100
Support should appear near 4785.00 to 4775.00.
Resistance is at 4845.00 to 4856.00.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1232.0 to 1236.00 and 1253.00
Support should appear near 1217.50 and 1203.00 to 1192.00
SEPT 30 YR BONDS
Resistance should appear near 172-21 and 173-07
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 131-21 and 131-07
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9526 to 9542 Support should appear near 9347 to 9316
JAPANESE YEN
Resistance should appear 10104 to 10136 Support should appear near 9937 to 9921.
SEPT EURO CURRENCY
Support should appear near 11300 and 11155. Resistance should appear near 11360 and 11427.
SEPT SWISS FRANC
Resistance should appear near 10470 and 10580 to 10680
Support should appear near 10360 to 10320
SEPT BRITISH POUND
Support should appear near 13040 then12965 and 12890.
Resistance should appear near 13100 and 13220
SEPT CANADIAN DOLLAR
Resistance should appear near 7836 to 7864
Support should appear near 7763 and 7727.
SEPT AUSSIE DOLLAR Resistance should appear near 7689 and 7763 to 7777.
Support should appear near 7638 and 7601 to 7587. BW Traders should can sell at 7761 and risk 50 points.
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1361.50 and 1377.0 to 1383.0
Support should appear near the 1346.0 then 1340.0 and 1334.0
SEPT COPPER
Resistance should appear near 21700 to 21850 and 22190 to 22260 Support should appear near 21340 to 21260 and 20890 to 20800.
SEPT SILVER
Resistance should appear near 1989.0 to 1996.0 and the 2034.0 to 2042.0 region.
Support is at 1953.0 to 1946.0 and 1909.0 to 1902.0
THE EXCITING ENERGIES
OCTOBER CRUDE OIL
Support should appear near 4650 to 4639 and 4582 to 4571.
Resistance should appear near 4775 to 4785 and 4845 to 4856.
NOVEMBER CRUDE OIL
Support should appear near 4717 to 4795 and 4650 to 4639
Resistance should appear near 4845 to 4856 and 4915 to 4926
OCTOBER BRENT CRUDE OIL
Support should appear near 4856 to 4845.
Resistance should appear near 5056 to 5067.
OCTOBER HEATING OIL
Support should appear near 14960 to 14840.
Resistance should appear near the 15290 to 15350 region.
OCTOBER UNLEADED GAS
Support should appear near 13770 and 13460 to 13340
Resistance is at 14150 to 14210 and 14530 to 14590
OCTOBER NATURAL GAS
Support should appear near 2568 to 2552 Resistance should appear near 2758 to 2775
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 1013 ¾ to 1010 ½ and 1003 ¾ to 1002 ¼.
Resistance should appear near 1032 to 1036. BW Traders can sell at 1031 ¾ and risk a close over 1047 ½ for three days in a row.
DECEMBER SOYOIL Support should appear near 3386 to 3377 and 3328 to 3319
Resistance should appear near 3493 to 3503 and 3553 to 3563
DECEMBER SOYMEAL
Resistance should appear near 337.7 to 338.6 and the 342.5 to 344.2 region.
Support should appear near 327.0 to 326.1 and 321.3 to 319.4
DECEMBER CORN
Support should appear 332 ¾ to 331 ¾
Resistance should appear near 349 ¼ to 350 1/2
DECMBER WHEAT Support should appear near 438 ¼ to 437 and 431 ½ to 430 ¼
Resistance should appear near 450 ¼ to 451 ½ and 457 ¼ to 458 ½
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 11155 and 11010 to 10960
Resistance should appear near 11300 to 11360.
DECEMBER CATTLE
Support should appear near 11300 and 11157
Resistance should appear near 11427 and 11500
OCTOBER HOGS
Resistance should appear near 6102 to 6117 and 6165 to 6182
Support should appear near 5957 to 5942 and 5880 to 5855
DECEMBER HOGS
Resistance should appear near 5717 to 5732 and 5792 to 5807
Support should appear near 5507 to 5492 and 5432 to 5417 THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near 13990 and 14150 to 14210 and 14370. Support should appear near 13460 to 13340 and the 13100 to 13040 region. DECEMBER COCOA Support should appear near 3045 to 3036 and 2990 to 2972. Resistance should appear near 3092 to 3102 and 3148 to 3157 OCTOBER SUGAR Resistance is near 1982 to 1996 and 2034 to 2042 Support should appear near 1953 to 1946 and 1909 to 1902 DECEMBER COTTON Support should appear near 6836 to 6809 and 6755 to 6743. Resistance should appear near 6990 to 7003 and 7074 to 7088 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
Wednesday August 17, 2016 7:20 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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