Morning Investment and Day Trading Comments Friday April 25, 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
In the fields of observation chance favors only the prepared mind.” – Louis Pasture-
Thursday April 24, 2014 5:00 PM, South Florida Beach Time.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,485.00 then 16,420.00 and 16,285.00. Resistance at 16,635.00 and 16,720.00
JUNE E-MINI SP500
Resistance is at 1883.50 and the 1902.00 to 1909.00 region.
Support should appear near the 1865.00 to 1858.00 region. NASDAQ COMPOSITE
Resistance should appear at 4183.00 then 4210.00 and the 4238.00 to 4240.00 region.
Support should appear near 4142.00 and the 4120.00 to 4110.00 region.
JUNE E-MINI NASDAQ 100
Support should appear near 3563.00 to 3553.00 and 3528.50 Resistance is at 3613.00 to 3623.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1164.00 to 1169.00.
Support should appear near the 1136.00 to 1130.00 region.
JUNE 30 YR BONDS
Resistance should appear near 134-21 and 135-07 Support should appear near 134-07 and 133-21
JUNE 10 YR NOTE
Resistance should appear near 124-07 and 124-21.
Support should appear near 123-21 and 123-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7991 and the 8029 to 8044 region.
Support should appear near the 7959 to 7939 region JUNE JAPANESE YEN Resistance should appear near 9821 to 9837. Support should appear near 9737 to 9706.
JUNE EURO CURRENCY
Support should appear near 13770 and 13692. Resistance should appear near 13830, beyond that a test of 13910 is likely.
JUNE SWISS FRANC
Resistance should appear near 11360 and 11430
Support is near 11330 to 11300 and 11155. JUNE BRITISH POUND
Support should appear near 16720 and the 16550 to 16420 region.
Resistance remains near the 16890 to 16960 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 9100 and 9140 to 9156 Support should appear near 9044 and 8964 to 8934
JUNE AUSSIE DOLLAR
Support should appear near 9160 to 9156. Resistance should appear near 9237 and the 9316 to 9347 region. Stay tuned for Forex Flashes.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1304.0 to 1310.0
Support should appear near the 1289 and the 1274.0 to 1268.0 region.
JULY COPPER Resistance should appear near 31480 to 31570
Support should appear near 30540 to 30360
JULY SILVER
Support should appear near 1953 to 1946 and 1909.0 to 1902.0
Resistance is at 1982.0 to 1996.0 and 2034 to 2042
THE EXCITING ENERGIES
JUNE CRUDE OIL
Resistance should appear near 10237 and 10320 to 10360
Support should appear near 10136 to 10104
JUNE BRENT CRUDE OIL Resistanceshould appear near 11155, beyond that a test of 11300 to 11360 is likely.
Supportshould appear near 11010 to 10960 and 10815.
JUNE HEATING OIL
Support should appear near should appear near 29900 to 29720 and the 29370 to 29280. Resistance should appear 30360 to 30450. Beyond that a test of 30920 to 31020 is likely.
JUNE UNLEADED GAS
Support should appear 30450 to 30360 then 30130 and 29900 to 29720.
Resistance should appear near 30680, beyond that a test of 30920 to 31020 is likely.
JULY NATURAL GAS
Resistance should appear 484.5 to 485.6, beyond that a test of 491.5 to 492.6 is likely
Support should appear near 471.7 to 469.5 and the 465.0 to 463.9 region.
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near the 1459 to 1453 region. BW Traders can buy at 1460 for a bounce and hold for higher prices.
Resistance should appear near the 1484 to1496 region.
NOVEMBER SOYBEANS Support should appear near the 1203 to 1192 region.
Resistance should appear near the 1232 to 1238 region.
JULY SOYOIL Resistance should appear near 4304 to 4315 and 4370 to 4381 Support should appear near the 4249 to 4238 region. JULY SOYMEAL
Resistance should appear near 477.5 to 478.5
Support should appear near 469.5 and 465.0 to 463.9. Trade Accordingly
JULY CORN
Support should appear near 506 ¾ to 505 ¾ and 499 ½ to 497 ¼. Resistance should appear near 512 ¾ to 513 ¾, a close over is friendly and augurs for a test of 520 to 521 ¼ and beyond.
JULY WHEAT
Support should appear near 691 ¾ to 690 ¾ and 683 ¾ to 680 ¾
Resistance should appear near 732 ¾ to 734 ¾ Trade accordingly…
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13617 and 13527.
Resistance should appear near the 13770 to 13830 region.
AUGUST CATTLE Support should appear near 13460 to 13340.
Resistance should appear near 13537 and the 13770 to 13680 region.
JUNE HOGS
Support should appear near 12380 to 12320
Resistance should appear near 12680 to 12740
AUGUST HOGS
Support should appear near 12030 to 11920 which is likely to contain a decline. Resistance should appear near 12217 and 12317 to 12382
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 21700 to 21850, beyond that a test of 22190 to 22260 is likely
Support should appear near 21260 and 20890 to 20800.
JULY COCOA
Resistance should appear near 2972 to 2900 and the 3036 to 3045 region. Beyond that a test of 3092 to 3102 is likely.
Support should appear near 2937 to 2928. BW Traders can buy at 2940 and hold for higher prices. BW Traders should go long if a close over 3047 occurs.
JULY SUGAR
Resistance is near 1774 to 1780 Support should appear near 1738 to 1731
JULY COTTON
Support should appear near 9316 then 9237 and the 9156 to 9140 region. Resistance is at 9347. Beyond that a test of 9429 to 9445 is likely. BW Traders should go long if a close over 9349 occurs. 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 April 24, 2014 6:00 PM South Florida Beach Time
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