Morning Investment and Day Trading Comments Tuesday March 04, 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
“Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable – ranks high. There are certain chances that the most prudent man is justified in taking – chances that he must take if he wishes to be more than a mercantile mollusk–” – Reminiscences of a Stock operator. –
Monday March 03, 2014
3:30 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear 16,150.00 to 16,090.00.
Resistance is at the 16,420.00 to 16,550.00 region.
MARCH E-MINI SP500
Resistance should appear near 1858.00 to 1865.00 and the 1902.00 to 1909.00 region.
Support should appear near 1840.00. Below that the 1822.00 to 1808.00 region should hold.
NASDAQ COMPOSITE
Resistance should appear near 4304.00 to 4315.00 and 4370.00 to 4381.00
Support should appear near 4276.50 and the 4249.00 to 4238.00 region.
MARCH E-MINI NASDAQ 100
Support should appear near 3663.00 and the 3623.00 to 3613.00 region.
Resistance is at 3734.00 to 3743.00 beyond that a test of 3795.00 to 3806.00 is likely
MARCH E-MINI RUSSELL 2000
Resistance should now appear at 1192.00 to 1203.00, beyond that a trade towards 1217.50 is likely
Support should appear near the 1169.00 to 1164.00 region.
JUNE 30 YR BONDS
Resistance should appear near 134-07 and 134-21
Support should appear near 133-07 and 132-21
JUNE 10 YR NOTE
Resistance 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 8029 to 8044.
Support should appear near 7954 to 7939
MARCH JAPANESE YEN
Resistance should appear near 9873 and 9921 to 9937
Support should appear near 9737 to 9706 and 9641 to 9625
MARCH EURO CURRENCY
Support should appear near 13460 to 13340.
Resistance should appear near 137700 to 13830
MARCH SWISS FRANC
Resistance should appear near 11360 and 11500.
Support is near 11300 and 11155
MARCH BRITISH POUND
Support should appear near 16550 to 16420.
Resistance remains near 16890 to 16960.
MARCH CANADIAN DOLLAR
Resistance should appear near 9044 to 9060
Support should appear near 8964 to 8934
MARCH AUSSIE DOLLAR
Support should appear near 8871 to 8856 and 8777 to 8762
Resistance should appear near 8934 to 8964 and 9044 to 9060
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1377.0 to 1383.0.
Support should appear near 1346.0 to 1334.0
MAY COPPER
Resistance should appear near 32610 to 32700
Support should appear near 31570 to 31480
MAY SILVER
Support should appear near 2089 to 2080, below that a test of 2042 to 2034 is likely
Resistance is at 2170 to 2185 and 2219 to 2226
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10580 to 10680
Support should appear near 10360 to 10320
APRIL BRENT CRUDE OIL
Resistance should appear near 11155, beyond that as test of 11300 to 11360 is likely
Support should appear near 11010 to 10960 and 10820.
APRIL HEATING OIL
Support should appear near should appear near 30450 to 30360 and 29900 to 29720
Resistance should appear the 30920 to 31020, beyond that a test of 31480 to 31570 is likely
APRIL UNLEADED GAS
Support should appear 29900 to 297320 and the 29370 to 29280 region
Resistance should appear near 30360 to 30450, beyond that a trade towards 30920 to 31020 is likely
APRIL NATURAL GAS
Resistance should appear at 4845 to 4856
Support should appear near 4315 to 4304
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1383 to 1377, a close under is negative and augurs for a test the 1334 to 1346 region.
Resistance should appear near 1415 to 1421 and 1453 to 1459
JULY SOYBEANS
Support should appear near 1346 to 1334
Resistance should appear near 1383 and 1399
MAY SOYOIL
Resistance should appear near 4304 to 4315
Support should appear near 4120 to 4110.
MAY SOYMEAL
Resistance should appear near 450.3 to 451.4 and 463.9 to 465.0
Support should appear near 444.6 to 442.5 and 438.1 to 437.0
MAY CORN
Support should appear near 451 ½ to 450 ¼
Resistance should appear near 477 ½ to 478 ½
MAY WHEAT
Resistance should appear near 641 ¾ to 643 and 648 ¾ to 650 ¾
Support should appear 619 to 616 1/2 and 595 ¾ to 594 ½
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 14210 to 14150.
Resistance should appear near 14530 to 14590
JUNE CATTLE
Support should appear near 13460 to 13340, below that a test of 13100 to 13040 is likely
Resistance should appear near 13517 and 13612
APRIL HOGS
Support should appear near 10680 to 10580
Resistance should appear near 10960 to 11010
JUNE HOGS
Support should appear near 11010 to 10960.
Resistance should appear near 11300 to 11360
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 19520 to 19450 and 17380 to 17310.
Resistance should appear 20340 to 20420 and 20800 to 20890
MAY COCOA
Resistance should appear near the 2972 to 2990 region.
Support should appear near 2883 to 2874.
MAY SUGAR
Resistance is near 1808 to 1822
Support should appear near 1738 to 1731
MAY COTTON
Support should appear near 8683 to 8668 and 8589 to 8560
Resistance is at 8856 to 8871 and 8934 to 8964.
-A Ship in Harbor is Safe…But that is not what ships are built for –
Happy Trading!
Bill wil@futurescom.com
Monday March 3, 2014 4:30 PM South Florida Beach Time
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