Morning Investment and Day Trading Comments Friday January 17, 2014 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
“Courage in a Speculator is merely confidence to act on the decision of his mind”
Thursday January 16, 2014
3:00 PM, South Florida Beach Time.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,420.00 then 16,285.00 the 16,150.00 to 16,090.00 region.
Resistance is at 16,550.00 and 16,720.00
MARCH E-MINI SP500
Nearby resistance should appear near 1840.00, beyond that a test 1858.00 to 1865.00 is likely.
Support should appear near 1631.00 and the 1822.00 to 1808.00 region.
NASDAQ COMPOSITE
Resistance should appear near 4210.00 and the 4238.00 to 4249.00.
Support should appear near the 4183.00 to 4163.00 region.
MARCH E-MINI NASDAQ 100
Support should appear near 3563.00 to 3553.00 and 3528.50.
Resistance is at 3588.50 and the 3613.00 to 3623.00 region.
MARCH E-MINI RUSSELL 2000
Nearby resistance should appear at 1169.600 and 1180.50.
Support should appear near 1164.00 and 1150.00.
MARCH 30 YR BOND
Resistance should appear near 131-21. Beyond that sellers should appear near 132-07 and 132-21
Support should appear near 130-21 then 130-07 and 129-21
MARCH 10 YR NOTE
Resistance should appear near 124-21. Beyond that sellers should appear near 125-07 and 125-21
Support should appear near 124-07 and 123-21
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 8194 to 8223.
Support should appear near 8134 to 8119.
MARCH JAPANESE YEN
Resistance should appear near 9625 to 9641and 9672
Support should appear near 9542 to 9526 and 9445 to 9429
MARCH EURO CURRENCY
Support should appear near the 13460 to 13340 region.
Resistance should appear near 13615 and 13690.
MARCH SWISS FRANC
Resistance should appear near 11010 and 11087.
Support is near the 10960, below that an eventual test of 10820 is likely.
BW Traders should go short if a close under 10957 occurs.
MARCH BRITISH POUND
Support should appear near 16357 then 16277 and the 16150 to 16090 region. BW Traders can buy at 16292 and risk a close under 16277 for three days in a row.
Resistance remains near 16420 to 16550. Beyond that a test of 16720 is likely.
MARCH CANADIAN DOLLAR
Resistance should appear near 9140 to 9156
Support should appear near 9060 to 9044
MARCH AUSSIE DOLLAR
Support should appear near 8683 to 8668.
Resistance should appear near 8762 to 8777.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1253.00, beyond that a test of 1268.0 to 1274.0 is likely and should bring out sellers and cap a rally.
Support remains near 1238.00 to 1232.00 and the 1203.00 to 1192.00 region.
MARCH COPPER
Resistance should appear near 33770 to 33860 and the 34250 to 34430 region…
Support should appear 33280 to 33190 and the 32700 to 32610 region.
BW Traders can buy at 33000 for a bounce and stay tuned for a stop.
MARCH SILVER
Support should appear near 2015 then 1996 to 1982 and the 1953 to 1946 region.
Resistance is at 2034 to 2042 then 2080 to 2089 and the 2126 to 2124 region.
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 9526 to 9542 and 9625 to 9641
Support should appear near 9445 to 9429 then 9347 to 9316 and 9156 to 9140
MARCH BRENT CRUDE OIL
Resistance should appear near 10680 and 10820.
Support should appear near 10630 to 10580 and 10470.
FEB HEATING OIL
Support should appear near should appear near 29900 to 29720 and 29370 to 29280.
Resistance should appear 30360 to 30450 and 30920 to 31020
FEB UNLEADED GAS
Support should appear near the 26200 to 26120 and the 25680 to 25520 region.
Resistance should appear near 26630 to 26720, beyond that a test of 27160 to 27240 is likely
MARCH NATURAL GAS
Resistance should appear at 4304 to 4315 and the 4370 to 4381region.
Support should appear near 4249 to 4238 and 4183 to 4163
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1310 to 1304 and 1289.
Resistance should appear near 1322 and 1334 to 1346
MARCH SOYOIL
Resistance should appear near 3795 to 3806 and 3858 to 3867
Support should appear near 3743 to 3734 and 3682 to 3663
MARCH SOYMEAL
Resistance should appear near 437.0 to 438.1 and the 442.5 to 444.6 region.
Support should appear near 431.5 to 430.4 and the 424.9 to 423.8 region
MARCH CORN
Support should appear near and 423 ¾ and the 418 ¼ to 416 ¼ region.
Resistance should appear near 430 ½ to 431 ½ and 437 to 438 ¼.
MARCH WHEAT
Resistance should appear near 564 to 565 ½ and the 571 ¾ to 572 ¾ region.
Support should appear 557 ¾ to 555 ¼ and the 550 ½ to 549 ¼ region.
THE LIVELY LIVESTOCK
FEB CATTLE
Support should appear near 13917 and 13830 to 13770.
Resistance should appear near 14150 to 14210
APRIL CATTLE
Support should appear near 13990 and the 13830 to 13770 region.
Resistance should appear near the 14150 to 14210 region.
FEB HOGS
Support should appear near 8592 to 8562, below that a test of 8497 to 8482 is likely.
Resistance should appear near 8662 to 86823 and the 8762 to 8777 region.
APRIL HOGS
Support should appear near 9162 to 9137 and 9067 to 9042
Resistance should appear near 9237 and 9312 to 9347
JUNE HOGS
Support should appear near 10137 to 10102 and 10037 to 10022
Resistance should appear near 10187 and 10257.
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 11690 to 11640.
Resistance should appear 11920 to 12030.
MARCH COCOA
Resistance should appear near 2716 to 2724 and the 2758 to 2775 region.
Support should appear near 2672 to 2663 and the 2620 to 2612 region.
MARCH SUGAR
Resistance is near 1529 to 1535.
Support should appear near 1496 to 1484.
MARCH COTTON
Support should appear near the 8663 and the 8589 to 8560 region.
Resistance is at 8762 to 8777 and the 8856 to 8871 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
Thursday January 17, 2014 4:00 PM South Florida Beach Time
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