Sep 222013
 

FuturesCom  Bi-Weekly Investment Outlook # 431 September 22 2013  SP500 and  Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee •  Sugar • Cocoa  • Cotton.  Free Two Week Trial see https://futurescom.com/free-trial-2

Courage in a Speculator is merely confidence to act on the decision of his mind.

 Saturday September 21, 2013
6:00 AM South Florida Beach Time
 Ball-on-a-silver-pedestalInvestors and traders will be looking for direction from votes in the U.S. Congress over the debt ceiling and a possible U.S Gov’t shut down as month-end and quarter- end looms ahead. The ‘babble’ should be thick and constant. Traders should stay nimble and tune in for Flashes and Updates.  All U.S Stock Indices remain higher on the year and at or near all-time highs along with critical resistance levels, in the NASDAQ’s case, not all-time highs but a 13 year high.  Equity valuations have hit the highest levels in nearly four years.  Index traders should look for increased volatility in preparation October and November which is still typically the best time of the year for Buy and Hold strategies. The Transports enter a historically favorable seasonality at the beginning of October and it runs until May. If the pickup in Chinese growth and exports continues it can translate over to the transportation sector. Seasonal strength in the consumer sector during the holiday season can also help the transportation sector. Consumers are a big part of the U. S economy, 70% of U.S GDP comes from consumers.

Considering this, analysts who are predicting U.S. Federal reserve tightening during December with some kind of major announcement may not be using common sense. Perhaps tightening will come slowly without notification and the Fed will simply try to adjust their purchases downward in a fashion to avoid the least amount of attention. Long term yearly technical patterns for U.S. stock index averages remain friendly. Long term U.S Treasury Futures remain bearish, however they can back and fill with   a bit of a rally.  Detailed analysis regarding overseas equity or foreign exchange markets into the fourth-quarter and end of the year are available. For more information please call the office or email a request.

 

Foreign exchange traders should continue to treat Japanese Yen futures as a trading affair. Long term spot USD/JPY remains bullish (bearish for Yen Futures). Traders and investor emphasis should now be accumulation on the long side for spot dollar-yen and continue to nibble on dips.  Futures traders should sell rallies in Dec Futures and remain short.
The Euro closed Friday solidly up on the year as the U.S. Dollar erosion continued. Look for talk from Eurozone officials to stall or mitigate an excessive rally in the Euro.  The German election results on Monday will be something to watch to see what the makeup of German government coalitions will be. Additionally ECB President Draghi will have a regular hearing before the EU Parliament.  Lately ECB Council members and finance ministers of various countries have talked down rate expectations.
The Cable and Swiss Franc pushed up against resistance and both are nearly unchanged on the year. The Canadian Dollar and Aussie Dollar also moved higher over the last few weeks but remain down on the year. After the recent positive action the Kiwi is now higher on the year. Look for Central bank and Government officials for comments regarding Forex markets. Each country and in the case of the Euro ‘a region’ will be tending to its own monetary policy.  Stay tuned for Forex Flashes.

 

Crude Oil ended last week on a weak note and is on the year near $ 1.04, a level near what some analysts believe the cost for new barrels of US Shale Oil sits at. Investors and traders should expect a wide range of prices.  Front-end Natural Gas is slightly higher on the year and should attract some buyers just below current price levels. Heating Oil is lower on the year and chopping both sides of unchanged and unleaded gas is doing the same.   Gold and Silver along with Copper have had wide ranges with barely any recovery in prices and remain well lower on the year and year over year. Precious metals are volatile and traders should expect more volatility in gold and silver and stay tuned for flashes.

Soybeans have been weak and under harvest pressure, Corn is sideways and is pressured by harvest. Wheat acted better then gave up its gains and has been stuck in a trading range. Seasonally the peak for wheat is still in front of the market.  A poor crop in Argentina may help exports of U.S wheat.  Concerns are starting to show up regarding the quality of the Russia wheat crop, considering the Russian government is supporting a nation that tossed sarin gas at its residents, why trust the food out of Russia itself !  Unintended consequences have a habit of spreading.

After the close Friday the USDA Cattle on Feed Report showed smaller than expected august cattle placements in U.S feed-yards on Sept. 1. Placements in August were under the average guess at down 11%, as reduced numbers of young cattle (placements) entered U.S. feed-yards in August versus a year ago.  The number of ‘head on feed’ as of Sept. 1 was down 7% from 2012.  February Cattle Futures should be supported by this news. Retail beef in August set new record highs once again. The average price of choice beef in your grocery store during August was $5.394 per pound, up 44.9 cents from last August and up 3.7 cents from the record in July. The same goes for all fresh beef which was $4.968 per pound up 26.8 cents from last August and up 2.5 cents from July’s record setting price.  Cash Hogs prices remain fairly firm. Slaughter for the week was 2.18 million head, down 9.2% versus last year and is the fifth week below the year-ago levels and the ninth week lower than expectations from the June pig report. The Iowa-Minnesota average weight last week was 270.9 pounds up 2.9 pounds from a year ago. Hog Futures drifted lower from lofty a level, are below cash and can firm nicely into the end of the month and early October after some early weakness next week.
Later this year Pig virus issues may be an over-riding factor.  As of September 8th there have been 612 confirmed cases of PEDv (Porcine Epidemic Diarrhea virus) in 17 states. Iowa has the most at 181.  Lately more suckling and nursery pigs have been impacted from this disease. PEDv has a high mortality rate for baby pigs. The impact may begin to show up in the USDA Hogs and Pigs report next week with reductions ‘later on’ possibly out in the December to February time frame. The worst case scenario is a 3 or 4% decline in production down the road from last year. Traders should look for the spread in price between April hogs and December Hogs to widen. Buying April and Selling December may work after October goes off the board as ‘nearby’ increasing supply issues should prevail for a bit.

Stay tuned for Updates and Flashes. In the mean time we remain friendly to October and October versus December also. Retail pork prices set record highs in August for the second month in a row.

The average pork price in your grocery store in August was $3.757 per pound, up 23.1 cents from last year and up 12.7 cents from July also a record while at the same time for the third month in a row retail boneless ham prices are higher than boneless pork chop prices, which almost never happens. Consumers love ‘Ham’.

Seasonally coffee tends to act better in September thru November then firm into December and into springtime. We remain friendly for now, however it is lower on the year and lacks any attention. Cocoa is up on the year and should be considered a trading affair with a broad range.  The firm reaction from lower levels has sustained a positive tone. West African cocoa regions are in a late precipitation time frame with daily scattered showers and near-normal temperatures in the forecast. The outlook is unlikely to improve the 2013/14 crop unless more than the expected precipitation occurs. If it does rain a lot Black pod disease will be a concern for the Ivory Coast and Ghana.  Improving global demand outlooks for cocoa has helped keep prices firm. A stronger British Pound is supportive. Buy a dip in Cocoa.

Sugar is lower on the year. Seasonally sugar tends to bottom in August thru September and acts better into year end. Weather remains supportive to sugar and expectations demand may increase may help sugar into the end of the month and maintain some price stability now that is it off its lows. Cotton is higher on the year, remains near broad based support and continues to be a trading affair as it backs and fills and looks supportive at current levels but unable to sustain rallies. So buying a dip is ok, just do not pay up let it rise on its own. Our selling region is well above the current price region.

Stay Tuned for Flashes in Cotton.

Traders should stay nimble and tune in for Day Trades, BW flashes and Updates for all markets.
Onto the Nitty Gritty…

   

                                                  THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE

Support should appear near is near 15,350.00 to 15,290.00, a close under is negative and augurs for a test of the 14,960.00 to 14,840.00 region. Below that a test of the 14,590.00 to 14,530.00 is likely and should contain declines.

Resistance should appear near 15,690.00 to 15,760.00. Beyond that a test of 16,090.00 to 16,150.00 is likely.

DEC E-MINI SP500

Resistance should appear near 1713.50 and the 1731.00 to 1738.00 region. Beyond that sellers should appear near 1774.00 to 1780.00.
Support should appear near 1696.00 to 1689.00 and the 1655.00 to 1642.00 region.  Below that buyers should appear near 1615.00 to 1609.00. Traders who have ice water running thru their veins can buy at 1657 and risk a close under 1641.00 for three days in a row.

 

NASDAQ COMPOSITE

Resistance should appear near 3795.00 to 3806.00 and the 3858.00 to 3867.00 region.

Support should appear near 3743.00 to 3734.00 and 3682.00 to 3663.00.

DEC E-MINI NASDAQ 100

Support should appear near 3213.00 to 3194.00 the 3157.00 to 3148.00 region. Traders can buy at 3158.00 and risk a close under 3144.00 for three days in a row. Below that buyers should appear near 3102 to 3092.00 and the 3045.00 to 3036.00 region and contain a decline.

Resistance should appear near 3237.00 then 3261.00 to 3270.00 and the 3319.0 to 3328.00 region

DEC E-MINI RUSSELL 2000

Resistance should appear at 1082.00 and the 1096.00 to 1101.00 region. Beyond that sellers should appear near 1130.00 to 1136.00

Support should appear near 1068.00 to 1058.00 and 1047.00.  Below that buyers should appear near the 1036.00 to 1032.00 then 1023.70 and 1013.60 to 1010.40. Traders can buy at 1024.00 and hold for higher prices.  Stay tuned for Index Flashes.

DEC 30 YR BOND

Resistance should appear near 132-07 and 132-21. Beyond that sellers should appear near 133-21 and 134-07 which should cap a rally.
Support should appear near 130-21 and 130-07. Below that buyers should appear near 129-21 and 129-07. Under that 128-21 should hold for now.

 

DEC 10 YR NOTE

Resistance should appear near 125-21 and 126-07. Beyond that sellers should appear near 127-07 and 127-21 where sellers should appear and cap a rally.

Support should appear near 124-21 and 124-07. Below that buyers should appear near 123-21 then 123-07 and 122-21 and contain a decline.                 

 

                                                  THE FRENZIED FOREX FRONT

DEC DOLLAR INDEX

Resistance should appear near 8119 to 8134 a close over is friendly and augurs for a test of 8194 to 8223 where sellers should appear and cap a rally.

Support should appear near 8044 to 8029, a close under is negative and augurs for a test of 7954 to 7939 and the 7864 to 7836, where buyers should appear and contain a decline.  Traders can buy at 7867 and hold for higher prices, risk 50 points.

DEC JAPANESE YEN
Resistance should appear near 10104 to 10136 and 10182. Beyond that sellers should appear near the 10320 to 10360 region and cap a rally.

Support should appear near 10037 to 10021, a close under is negative and augurs for a test of the 9937 to 9921 region.  Below that a trade towards 9837 to 9821 is likely. Trade Accordingly.

 

DEC EURO CURRENCY

Support should appear near 13460 to 13400 and 13340. Below that buyers should appear near the
13220 and contain a decline.
Resistance should appear near 13615 and the 13770 to 13830 region.  Traders can sell at 13767 and risk a close over 13837 for three days in a row.

 

DEC SWISS FRANC

Resistance should appear near 11010 then 11085 and 11155, beyond that a test of 11300 to 11360 is likely to occur and should cap a rally.

Support should appear near 10960, a close under is negative and augurs for a test of 10820 and the 10680 to 10580 region, which should hold.

 

DEC BRITISH POUND

Support should appear near 15925 and the 15760 to 15690 region. Traders can buy at 15777 for a bounce and risk a close under 15687 for three days in a row.

Resistance should appear near the 16090 to 16150 region a close over is friendly and augurs for a test of 16287 and the 16420 to 16550 region.


DEC CANADIAN DOLLAR

Resistance should appear near 9706 to 9737 and 9821 to 9845.

Support should appear near 9641 to 9625 and 9542 to 9526.

DEC AUSSIE DOLLAR

Support should appear near 9347 to 9316, below that a test of 9237 and the 9156 to 9140 region is likely to occur.
Resistance should appear near 9429 to 9445, beyond that a trade towards 9526 to 9542 is likely.

                                          THE PRECIOUS METALS

 

DECEMBER GOLD

Resistance should appear near 1377 to 1383, a close over is friendly and augurs for a test of 1453 to 1459.

Support is near 1310 to 1304 and the 1274 to 1268 region.

DEC COPPER
Resistance should appear near 33770 to 33860. Beyond that sellers should appear near 34250 to 34430 which should cap a rally.

Support should appear near 32700 to 32610 and 32130 to 31940 region.

 

DECEMBER SILVER

Support should appear near 2089 to 2080 and the 1996 to 1982 region.

Resistance at the 2354 to 2370 and 2411 to 2419.                                                                                

 

 

 

                                             THE EXCITING ENERGIES

NOV CRUDE OIL

Resistance should appear near 10580 to 10680 and 10960 to 11010.

Support should appear near 10360 to 10320 and 10136 to 10104.

NOV HEATING OIL

Support should appear near should appear near 29370 to 29280 and 28830 to 28740.
Below that buyers should appear near 28290 to 28200 and contain a decline.
Resistance should appear 30360 to 30450, beyond that a test of 30920 to 31020 is likely.

NOV UNLEADED GAS

Support should appear near 26200 to 26120 and the 25190 to 25110 region.

Resistance should appear near 27160 to 27240 and the 27580 to 27750 region.  Beyond that sellers should appear near 28200 to 28290 and cap a rally.

 

NOV NATURAL GAS

Resistance should appear at 3795 to 3806 and the 3858 to 3867 region.

Support should appear near 3682 to 3663 and the 3563 to 3553 region which should hold.

 

                                             THE GRANDE’ GRAINS

NOV SOYBEANS

Support should appear near 1310 to 1304. Below that 1274 to 1268 should provide support.

Resistance should appear near 1334 to 1346 and 1377 to 1383. Beyond that sellers should appear near the 1415 to 1421 region and should provide resistance.  Trade accordingly.

DEC SOYOIL

Resistance should appear near 4370 to 4381, a close over is friendly and augurs for a test of 4425 to 4426. Beyond that Sellers should appear near 4503 to 4514.
Support should appear near 4183 to 4163 and the 4056 to 4046 Region. Below that 3992 to 3982 should contain a decline.

DEC SOYMEAL

Resistance should appear near 430.4 to 431.5 and the 442.5 to 444.6 region. Beyond that sellers should appear near 457.1 to 458.2 and cap a rally.

Support should appear near 405.6 to 404.6 and the 399.2 to 398.2 region, below that buyers should appear near the 386.7 to 385.8 region and contain a decline.

 

DEC CORN

Support should appear near and 438 ¼ to 437 and the 418 ¼ to 416 ¼ region.

Resistance should appear near 463 ¾ to 465 and the 477 ¾ to 478 ¾ region, which should bring out sellers.


DEC WHEAT

Resistance should appear near 665 ¾ to 667 ¼ and 674 ¾ to 675 ½.

Support should appear near 643 to 641 ¾ and the 635 to 633 ¾ region.

 

                                                           THE LIVELY LIVESTOCK

 

DEC CATTLE

Support should appear near 12892. Below that buyers should appear near 12740 to 12680 and 12532.

Resistance should appear near 13040 to13100. A close over indicates a test of 13340 to 13460.

 

FEB CATTLE
Support should appear near 13100 to 13040. Below that buyers should appear near 12890.

Resistance should appear near 13340 to 13460 and 13530.


OCT HOGS
Support should appear near 8967 to 8932. Below that buyers should appear 8872 to 8857 and the 8777 to 8762 region, which should contain a decline.
Resistance should appear near 9137 to 9157. Beyond that a test of 9312 to 9347 is likely and should cap a rally. Above that sellers should appear near 9427 to 9442.

DEC HOGS         

Support should appear near 8592 to 8562 and the 8507 to 8492 region. Below that buyers should appear near 8407 to 8392.

Resistance should appear near 8762 to 8777 and the 8857 to 8872 region. Beyond that a test of 8932 to 8967 is likely.

 

FEB HOGS
Support should appear near 8777 to 8762 and the 8682 to 8662 region. Below that buyers should appear near 8587 to 8557 and contain a decline.

Resistance should appear near 8857 to 8872 region. Beyond that a test of 8932 to 8967 and the 9042 to 9062 region is likely.

 

APRIL HOGS

Support should appear near the 8682 to 8662 region. Below that buyers should appear near 8587 to 8557 and contain a decline. Traders can buy at 8592 and risk a close under 8537 for three days in a row.

Resistance should appear near 8857 to 8872 region. Beyond that a test of 8932 to 8967 and the 9042 to 9062 region is likely.

                                             

 

                                                       THE SATISFYING SOFTS

DEC COFFEE

Support should appear near 11360 to 11300 and the 11010 to 10960 region.
Resistance should appear near 11920 to 12030, a close over is friendly and augurs for a test of the 12680 to 12740 region.

 DECEMBER COCOA

Resistance should appear near 2612 to 2620 beyond that a test of 2663 to 2672 is likely. A close over is friendly and augurs for a test of 2716 to 2724.

Support should appear near the 2568 to 2552 and 2519 to 2511.  Traders can buy at 2521 and hold for higher prices… Below that buyers should appear near 2469 to 2461. Stay tuned for Flashes

MARCH SUGAR

Resistance is near the 1774 to 1780, a close over is friendly and augurs for a test of 1808 to 1822. Beyond that a trade toward 1858 to 1865 is likely.

Support should appear near 1738 to 1731 and the 1696 to 1689 region.  Traders can buy at 1739 and risk a close under 1727 for three days in a row.

 

DEC COTTON

Support should appear near 8314 to 8300 and 8044 to 8029. Below that 7777 to 7763 should contain a decline.
Resistance is 8668 to 8683 and the 9044 to 9060 region. Beyond that sellers should appear near 9140 to 9156 and cap a rally.

 

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

Sunday September 22, 2013 9:30 AM South Florida Beach Time
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Sep 082013
 

FuturesCom  Bi-Weekly Investment Outlook # 430 September 08 2013  SP500 and  Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee •  Sugar • Cocoa  • Cotton.  Free Two Week Trial see https://futurescom.com/free-trial-2

“The history of free men is never written by chance but by choice – their choice.”

― Dwight D. Eisenhower

Saturday September 07, 2013
5:00 AM South Florida Beach Time

Ball-on-a-silver-pedestal

On Friday US Stock markets closed mixed after a wide volatile session in response to U.S payroll data, comments from U.S Federal Reserve officials and those present at the G-20 meeting. Testimony and comments from numerous government officials concerning possible military action in Syria should continue next week. President Obama will have media interviews on Monday and will address ‘the people’ on Tuesday regarding Syria. Therefore, Washington and possible military action in Syria should take center stage for investors and the media all week. The ‘babble’ with be thick and constant.
Traders should stay nimble and tune in for Day Trades, BW flashes, Updates and additional detailed commentary for all markets.

 

Later this month and during October investors and traders will be looking for direction from numerous votes in the U.S. Congress concerning budgets and the debt ceiling (with political battles and possible Gov’t shut downs).  Plus, a plethora of predictions regarding the next Fed Chairman and the
all-important taper or no taper at the next Fed meeting (and how much) should be an attention grabber.

Stock and Index traders should look for increased volatility in preparation for October and November which is typically the best time of the year for buy and hold strategies.  Long term yearly technical patterns for U.S. stock index averages remain friendly. Recent action has been sloppy and the long term work does not rule out a downturn.  The NASDAQ Composite and Nasdaq 100 act well and can remain firm. Seasonally the Nasdaq 100 typically acts better during the first half of September. The Dow Jones Industrial Average has been sloppy and continues to struggle.  Expect a two way stock market for now. The long term technical work for 30 Year U.S Treasury futures remains bearish.

Previous Bi-Weekly Outlooks have gone over some overseas markets long term. Protectionism is starting to show up in a variety of places. Several countries hurt by capital flows have raised rates to offset currency meltdowns. This may slow growth in those nations but should ameliorate the Forex volatility for now, but may seed unrest by populations.  If you need detailed analysis regarding overseas equity markets or volatile emerging economies foreign exchange markets please call the office or email a request.
US Dollar erosion has somewhat reversed, the Euro failed to sustain its rally once it ran into the 13340 to 13460 region.  EU problems are not over and the long term remains negative.  A weaker Euro is eventually positive for exports. If the Euro fails to hold 13100 to 13040 a test of 12740 to 12680 should not be ruled out. Foreign exchange traders should continue to treat Japanese Yen futures as a trading affair. Long term spot USD/JPY remains bullish (bearish for Yen Futures) trader and investor emphasis should now be accumulation on the long side for spot dollar-yen and continue to nibble on dips. Futures Traders should look to sell a rally in Dec Futures. Cable is range-bound trading affair. The Canadian Dollar, Aussie Dollar and Kiwi all recovered from weakness and have bounced.
Stay tuned for Forex Flashes for new trades in Forex.
Crude Oil ended firm last week on the back of Syrian confusion along with growing U.S. and global economies. Geopolitical issues, such as preparation for some sort of U.S. military action in Syria using planes and missiles along with advisors from the U.S. training rebels in other countries has helped Crude Oil prices move higher and has been supportive. Higher prices appear to be in front of the Crude Oil market rather than behind.  Weather can also come into play, although weathermen have revised their estimates down for tropical development since little activity has occurred.  Over the long term prices can accelerate. Investors and traders should not be surprised to see higher prices.  Traders should get back long Crude Oil and Heating Oil and possibly remain long for the duration of the winter. Unleaded gas acts better and traders should trade it from both sides to take advantage of price volatility.

 

Gold and Silver along with Copper have had wide ranges with some recovery in prices.  Precious metals are volatile and lower on the year. If year-end price levels are achieved acceleration to higher levels may occur. Expect more volatility in gold and silver and stay tuned for flashes.  Traders should buy dips.

Soybeans have been aided by hot weather which has provided the fuel to propel beans higher and keep cash firm.  Corn rallied and then fell. Wheat has been stuck in a trading range. South American Soybean planting reports will be a focus next week as well as the USDA Crop report.  On Sept. 12, the USDA will release their monthly crop reports. In livestock, Live Cattle fell and we exited the longs. Cash Hogs prices fell but not enough to satisfy the short side, the result was Lean Hogs were at or near contract highs on Friday.  Grain and Livestock trading this week should be more suited for day trading and medium term trading.  Stay tuned for BW Flashes as well as Day Trades.
Seasonally coffee tends to act far better in September thru November then firm into December and into springtime. We remain friendly for now. Well-heeled traders should consider adding to longs on weakness with tight stops or simply looking for a better tone to coffee and begin accumulation for higher prices into end of year and perhaps early spring.  Cocoa is up on the year and should be considered a trading affair with a broad range. Cocoa is overbought and dip cannot be ruled out. Cocoa is higher on the year and that’s friendly. The firm reaction from lower levels has sustained a positive tone. Sugar supplies are still large and continue to overhang market. Seasonally sugar tends to bottom in August thru September and acts better into year end. Traders should focus now on March Sugar for trading on either side of the range bound sugar market. Cotton is higher on the year, remains near broad based support and continues to be a trading affair as it backs and fills.

Traders should stay nimble and tune in for Day Trade and BW flashes, Updates and additional detailed commentary for all markets…. Onto the Nitty Gritty…

 

 

                            THE SENSATIONAL STOCK AND BOND MARKET

 

DOW JONES INDUSTRIAL AVERAGE

Support should appear near is near 14,840.00 and has so far has barely contained a decline.
Below that a test of the 14,590.00 to 14,530.00 is likely to occur. Failure there indicates a test of 14,210.00 to 14,150.00

Resistance should appear near 15,125.00 then 15,290.00 to 15,350.00 and the 15,690.00 to 15,760.00 region.

 

DEC E-MINI SP500

Resistance should appear near 1655.00 then 1672.00 and the1689 to 1696 region. Beyond that sellers should appear near 1731.00 to 1738.00.
Nearby Support should appear near 1642.00. Below that buyers should appear near 1628.50 and 1615.00 to 1609.00. Traders who have ice water running thru their veins can buy at 1615.25 and risk a close under 1607.00 for three days in a row. Below that 1576.00 to 1569.00 should contain a decline.

 

NASDAQ COMPOSITE

Resistance should appear near 3663 to 3682, beyond that a test of 3734.00 to 3743 is likely and should cap a rally for a bit.

Support should appear near 3623 to 3613 and 3563.00 to 3553.00 .

 

DEC E-MINI NASDAQ 100

Support should appear near 3102.00 to 3092.00 and 3045.00 to 3036.00.  Traders can buy at 3102.00 and risk a close under 3091.00 for three days in a row. Below that buyers should appear near 3045.00 to 3036.00 and the 2990.00 to 2972.00 region.

Resistance should appear near the 3148.00 to 3157.00 region. Beyond that sellers should appear near   3194.00 to 3213.00 and cap a rally.

 

 

 

 

DEC E-MINI RUSSELL 2000

Resistance should appear at 1032.00 to 1036.00 then 1047.00 and the 1058.00 to 1068.00 region which should cap a rally.

Support should appear near 1013.60 to 1010.40 and the 1003.70 to 1002.10 region
Stay tuned for Index Flashes.

 

DEC 30 YR BOND

Resistance should appear near 129-07 and 129-21. Beyond that sellers should appear near 130-21 and 131-07 which should cap a rally.
Support should appear near 128-21 and 128-07.  Below that a test of 127-21 and 126-07 is likely.

DEC 10 YR NOTE

Resistance should appear near 123-21 and 124-07 and 124-21. Beyond that sellers should appear near 124-21 and 125-21 which should cap a rally.

Support should appear near 122-07 and 121-21. Below that buyers should appear near 120-21 then 119-21 and contain a decline.         

         

                                                  THE FRENZIED FOREX FRONT

DEC DOLLAR INDEX

Resistance should appear near 8300 to 8314. Beyond that sellers should appear near 8391 to 8406 and cap a rally.

Support should appear near 8223 to 8194. Below that buyers should appear near 8134 to 8119 and contain a decline.  Below that a test of 8044 to 8029 is likely.

DEC JAPANESE YEN

Resistance should appear near 10104 to 10136 and 10182. Traders can sell at 10177 and hold for lower prices. Beyond that sellers should appear near 10237 and the 10320 to 10360 region and cap a rally. Traders can sell at 10317 and risk a close over 10367 for three days in a row.

Support should appear near 10037 to 10021 and the 9937 to 9921 region.  Traders should go short if a close under 10017 occurs

 

 

DEC EURO CURRENCY

Support should appear near 13100 to 13040. Below that buyers should appear near the
12740 to 12680 region.
Nearby resistance should appear near 13220. Beyond that a test of 13304 to13460 is likely with sellers coming out of the woodwork near the 13770 to 13830 region.


DEC SWISS FRANC

Resistance should appear near 10820 and 10960 to 11010, beyond that a test of 11300 to 11360 is likely to occur and should cap a rally.

Support should appear near 10580 which should hold. Below that a test of 10470 and the 10360 to 10320 region is likely to occur.


DEC BRITISH POUND

Support should appear near 15525 and the 15350 to 15290 region. Traders can buy at 15527 and risk a close under 15487 for three days in a row.

Resistance should appear near the 15690 to 15760 region. Beyond that sellers should appear near 16090 to 16150 and cap a rally.


DEC CANADIAN DOLLAR

Resistance should appear near 9625 to 9641. Beyond that sellers should appear near 9706 to 9737 and cap a rally.

Support should appear near 9542 to 9526 and 9445 to 9429, below that a test of 9347 to 9316 is likely.

DEC AUSSIE DOLLAR

Support should appear near 9060 to 9044 and the 8964 to 8934 region.
Resistance should appear near 9140 to 9156 and 9316 to 9347.
Beyond that a test of 9429 to 9445 is likely.

 

 

 

 

 

 

                                          THE PRECIOUS METALS

 

 

DECEMBER GOLD

Resistance should appear near 1415 to 1421, a close over is friendly and augurs for a test of
1453 to 1459.

Support is near 1383 to 1377 then 1361.5 and the 1346 to 1334 region.

 

DEC COPPER
Resistance should appear near 33190 to 33280 and the 33770 to 33860. Beyond that sellers should appear near 34250 to 34430 which should cap a rally.

Support should appear near 32610 and the 32130 to 31940 region, failure there augurs for a test of 31570 to 31480.


DECEMBER SILVER

Support should appear near 2370 to 2354 and the 2322 to 2315 region. Traders can buy at 2372 and hold for higher prices.  Below that 2275 to 2267 should hold.

Resistance at the 2411 to 2419, a close over is friendly and augurs for a test of 2461 to 2469 and eventually the 2511 to 2519 region. Beyond that a test of 2552 to 2568 is likely.                                                                   

 

 

 

 

 

 

 

 

 

 

                  

 

 

                                                        THE EXCITING ENERGIES

OCT CRUDE OIL

Resistance should appear near 11300 to 11360.  A close over is friendly and augurs for a test of 10815 and eventually the 11640 to 11690 region.

Support should appear near 11010 to 10960 and 10820. Traders should buy at 10892 for a bounce and hold for higher prices. Below that buyers should appear near the 10680 to 10580 region.
Stay tuned for flashes

 

NOV CRUDE OIL

Resistance should appear near 10960 to 11010.  A close over is friendly and augurs for a test of 11155 and eventually the 11300 to 11360 region.

Support should appear near 10820 and 10680 to 10580. Below that buyers should appear near the 10360 to 10320 region.  Traders should go long if a close over 11017 occurs.  Stay tuned for flashes

 

OCT HEATING OIL

Support should appear near should appear near 31570 to 31480 and 31020 to 30920. Below that buyers should appear near the 30450 and 30360 region and should hold.
Resistance should appear 31940 to 32130 and the 32610 to 32700 region.  Beyond that a test of 33190 to 33280 is likely.  Stay tuned for flashes


OCT UNLEADED GAS

Support should appear near 28290 to 28200 and the 28290 to 28200 region.

Resistance should appear near 29280 to 29370 and 30360 to 30450.


OCT NATURAL GAS

Resistance should appear at 3613 to 3623, beyond that a test of 3662 to 3682 and the 3858 to 3867 region is likely.

Support should appear near 3442 to 3425 and 3328 to 3319 which should hold.

 

 

 

 

               

                                               THE GRANDE’ GRAINS

NOV SOYBEANS

Support should appear near 1310 to 1304. Below that 1274 to 1268 should provide support.

Resistance should appear near 1377 to 1383. Beyond that sellers should appear near the 1415 to 1421 region and should provide resistance.
Trade accordingly.

DEC SOYOIL

Resistance should appear near 4370 to 4381, a close over is friendly and augurs for a test of 4425 to 4426. Beyond that Sellers should appear near 4503 to 4514.
Support should appear near 4183 to 4163 and the 4056 to 4046 Region. Below that 3992 to 3982 should contain a decline.

 

DEC SOYMEAL

Resistance should appear near 430.4 to 431.5 and the 442.5 to 444.6 region. Beyond that sellers should appear near 457.1 to 458.2 and cap a rally.

Support should appear near 405.6 to 404.6 and the 399.2 to 398.2 region, below that buyers should appear near the 386.7 to 385.8 region and contain a decline.

 

DEC CORN

Support should appear near 458 ¼ to 457 ¼ and the 431 ½ to 430 ¾ region.

Resistance should appear near 477 ¾ to 478 ¾, beyond that a test of 491 ½ to 493 ¾ should bring out sellers. Beyond that a test of 505 ¾ to 506 ¾ is likely


DEC WHEAT

Resistance should appear near 665 ¾ to 667 ¼ and 674 ¾ to 675 ½.

Support should appear near 643 to 641 ¾ and the 635 to 633 ¾ region.

 

 

 

                                                           THE LIVELY LIVESTOCK

 

OCT CATTLE

Support should appear near 12537. Below that buyers should appear near 12447 and the 12380 to 12320 region, which should hold.
Resistance should appear near 12680 to 12740, a close over is friendly and augurs for a test of 12817. Beyond that sellers should appear near 13040 to 13100.

 

DEC CATTLE

Support should appear near 12892. Below that buyers should appear near 12740 to 12680 and 12532.

Resistance should appear near 13040 to13100. A close over indicates an eventual test of 13340 to 13460.

 

OCT HOGS
Support should appear near 9062 to 9042 and 8967 to 8932. Below that buyers should appear 8872 to 8857 and the 8777 to 8762 region, which should contain a decline.
Resistance should appear near 9137 to 9157. Beyond that a test of 9312 to 9347 is likely and should cap a rally. Above that sellers should appear near 9427 to 9442.

DEC HOGS         

Support should appear near 8592 to 8562 and the 8507 to 8492 region. Below that buyers should appear near 8407 to 8392.

Resistance should appear near 8762 to 8777 and the 8857 to 8872 region. Beyond that a test of 8932 to 8967 is likely.

 

FEB HOGS
Support should appear near 8777 to 8762 and the 8682 to 8662 region. Below that buyers should appear near 8587 to 8557 and contain a decline.

Resistance should appear near 8857 to 8872 region. Beyond that a test of 8932 to 8967 and the 9042 to 9062 region is likely.

          

 

                                                           THE SATISFYING SOFTS

DEC COFFEE

Support should appear near 11690 to 11640. Failure there augurs for a test of 11360 to 11300 and should contain a decline.
Resistance should appear near 11920 to 12030, a close over is friendly and augurs for a test of the 12680 to 12740 region. Beyond that a test of 13040 to 13100 is likely.

 

DECEMBER COCOA

Resistance should appear near 2588. Beyond that sellers should appear near 2612 to 2620 and cap a rally. Traders can sell at 2611 and initially risk a close over 2622 for three days in a row.

Support should appear near the 2519 to 2511 and the 2469 to 2461 region.  Below that buyers should appear near 2419 to 2411. Traders can buy at 2472 for a bounce and risk a close under 2457 for three days in a row. Stay tuned for Flashes

 

MARCH SUGAR

Resistance is near the 1731 to 1738 region, beyond that a test of 1774 to 1780 is likely.
Support should appear near 1696 to 1689 and the 1655 to 1642 region.

 

DEC COTTON

Support should appear near 8314 to 8300 and 8044 to 8029. Below that 7777 to 7763 should contain a decline.
Resistance is 8668 to 8683 and the 9044 to 9060 region. Beyond that sellers should appear near 9140 to 9156 and cap a rally.

 

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

 

Sunday September 08, 2013 7:30 AM South Florida Beach Time

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