Bi-Weekly Investment Outlook by FuturesCom – Newsletter # 461 November 16, 2014 Equity Indices – Treasuries – Forex – Currency Trading with Precious Metals – Energy – Grains – Livestock – Coffee – Sugar- Cocoa – Cotton comments

Nov 162014
 

FuturesCom  Bi-Weekly Investment Outlook # 461  Sunday  November 16, 2014.  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

 

Friday November 14, 2014
2:00 AM, South Florida Beach Time

k3691232Traders should stay nimble and stay tuned for flashes in all markets.
Geopolitical tensions remain elevated in front of the normal seasonal holiday period, volatility in stocks has somewhat subsided. Investors and traders should continue to hear babble government leaders, and finance representatives especially in the U.S as congress lines up to go battle with the president ‘tooth and nail’ and from various world leaders at the G-20 summit. U.S Stock Indices are higher on the year. Interest rates are at or near zero. The U.K FTSE 100 and German Dax are lower on the year.  The Bank of England revised its growth forecasts for 2015 and 2016 down a tad. The BOE expects inflation to fall to 1% in the next six months.  Traders should continue to use the volatility to trade the markets.  Forex Markets; The euro remains lower on the year. Euro typically shows signs of strength into the end of the year, however longer term downside targets are still below current levels. Several regions of Europe remain a problem and the Ukraine situation is deteriorating and may spiral out of control once again. Cable is lower on the year, downside support is 15350 to 15290 and the trading range has expanded. Resistance is above the market at 16090 to 16150. The USD/CAD has rallied and should be a bit steady now. Over the longer term, USD/CAD targets are higher, USD/CAD can back and fill now and become a trading affair.

Dollar-Yen is trading higher on the year. On the downside support is at 1150.00 and 11300 to 11360 and the nearby targets on top at 11640 to 11690 have essentially been reached a sustained move over 11690 indicates a test of 11805 and eventually 11920 to 12030. Do not rule out higher tests USD/JPY down the road.  Dollar Yen typically rises in this period, for now traders should consider Yen a trading affair. Currently Dollar / Yen is working on long term resistance going back 40 years. Long term we can see dollar-yen back up into the 140 region if that’s what the Japanese Government wants, maybe they don’t want that and it happens anyway.. The Aussie and Kiwi longer term downside targets are lower. The Kiwi and Aussie dollar are mixed on the year. Both are trading affairs. Aussie typically shows strength in the later part of November, last year the Aussie collapsed into December.

 

Analysis for overseas equity and foreign exchange markets are available upon request. For more detailed information or a country by county economic analysis for trading or hedging programs please call or email a request. 

 

Precious Metals and Energy; our analysis will roll to February for Gold and to March for Silver and Copper. Gold and Silver remain weak longer term. Gold bounced nicely from a good low at the 1136 to 1130 region and is range bound now. Gold is a trading affair and typically can firm into the end of the year.  Copper remains range bound, typically copper shows weakness into the end of the year and really has not gone anywhere.  WTI Crude Oil, Brent Crude and the products are breaking down. Energies have bounced a bit and are trading affairs.  Heating Oil and Unleaded Gas have years of price on top of the market and are now weak.  Natural Gas is showing some support, and should get some help from weather. Grains have rallied sharply and act better, however the rallies are likely unsustainable and are a trading affair now.  Livestock markets are a day to day trading affair. Typically Hogs act soft as the month ends and into next month.. Weather is also a factor in livestock and has been factored in already by the recent strength. Spreaders are beginning to buy April and Sell February Hogs. Stay tuned for flashes for all contract months in hogs.  Coffee typically firms in November / December but remains pricey. March coffee can be bought for a bounce on weakness. Sugar and Cocoa are trading affairs and act badly. Cotton continues acts rather badly and is lower on the year. Look for some support in cotton near 5800 to 5500 and likely lower.

Stay tuned for flashes and updates in all markets
On to the Nitty Gritty…

 

                                        THE SENSATIONAL STOCK AND BOND MARKET

 

DOW JONES INDUSTRIAL AVERAGE
Support is near 17,125.00 then 16,960.00 to 16,890.00 and the 16,550.00 to 16,420.00 region where buyers should appear and contain a decline.
Resistance is at 17.740.00 to 17.800 and the 18,080.00 to 18,220.00 region.
DOW JONES TRANSPORTS

Support should appear near 8871.00 to 8856.00 and 8683.00 to 8668.00

Resistance is at 9140.00 to 9156.00 then 9316.00 to 9347.00 and the 9706.00 to 9737.00 region.

 

DECEMBER E-MINI SP500

Resistance should appear near 2042.00 and 2080.00 to 2089.00

Support should appear near 1996.00 to 1982.00 and 1953.00 to 1946.00, below that buyers should appear near 1929.00 to 1909.00.  Traders can buy at for a bounce 1931.00 and plan on a risk of risk 10.00 points
NASDAQ COMPOSITE

Resistance should appear at 4695.00 to 4717.00 and the 4775.00 to 4785.00 region.
Support should appear near 4446.00 to 4425.00 and 4381.00 to 4370.00
DECEMBER E-MINI NASDAQ 100
Support should appear near 4056.00 to 4046.00 then 3992.00 to 3982.00 and the 3929.00 to 3909.00 region.

Resistance is at 4238.00 to 4249.00 and 4328.00 to 4249.00.


DECEMBER E-MINI RUSSELL 2000

Resistance should appear near the 1180.50 and the 1196.00 to 1203.00 region

Support should appear near 1136.00 to 1130.00 then 1101.00 to 1096.00 and 1068.00 to 1058.00

 

DECEMBER 30 YR BONDS

Resistance should appear near 142-12 and 142-27. Beyond that sellers should appear near 143-22
Support remains near 139-21. Below that 138-17 and 137-22 are likely to be tested.

 

DECEMBER 10 YR NOTE

Resistance should appear near 127-07 then 127-21 and 128-08
Support should appear near 125-22 then 125-07 and 124-22                                              

 

                                              THE FRENZIED FOREX FRONT

 

DECEMBER DOLLAR INDEX

Resistance should appear near 8856 to 8871 and 9044 to 9060

Support should appear near 8683 to 8668 and the 8589 to 8560 region.
DECEMBER JAPANESE YEN
Resistance should appear near 8762 to 8777 then 8871 to 8856 and 8934 to 8964.
Traders can sell at 8931 and hold for lower prices.
Support should appear near 8589 to 8560 and the 8406 to 8391 region.
DECEMBER EURO CURRENCY

Support should appear near the 12380 to 12320.

Resistance should appear near the 12680 to 12740 region.
Stay tuned for Flashes

 

DECEMBER SWISS FRANC

Resistance should appear near 10580 to 10630 and 10680.

Support should appear near 10360 to 10320, an extended close under is negative and augurs for at test of 10037 to 10021.

 

DECEMBER BRITISH POUND

Support should appear near 15350 to 15290 and 14960 to 14840
Resistance should appear near 15760 then 15922 and 16090 to 16150.
DECEMBER CANADIAN DOLLAR

Resistance should appear near 8905 then 8934 to 8964 and 9044 to 9060.
Support should appear near 8777 to 8762 and the 8683 to 8668 region
DECEMBER AUSSIE DOLLAR
Support should appear near 8589 to 8560 and the 8314 to 8300 region.
Resistance should appear near 8856 to 8871 and the 8934 to 8964 region.
                                           

                                                         THE PRECIOUS METALS

FEBRUARY GOLD

Resistance should appear near 1203.00 and 1232.0 to 1238.0

Support should appear near 1169.0 to 1164.0 then 1136 to 1130 and the 1101 to 1096 region.

 

MARCH COPPER
Resistance should appear near 30920 to 31020 and 31480 to 31570

Support should appear near 29370 to 29280, below that a test of 28830 to 28740 is likely.

MARCH SILVER

Support should appear near 1535 to 1529 and the 1496 to 1484 region.

Resistance is at 1642 to 1655 and the 1689 to 1696 region. Beyond that sellers should appear near 1731.0 to 1738.0.                                                                                                                                                                      

  

                                                THE EXCITING ENERGIES

JANUARY CRUDE OIL

Support should appear near 7342 to 7328 then 7170 to 7143 and the 6755 to 6740 region.

Resistance should appear near 7675 to 7689 then 7763 to 7777 and 7836 to 7864
FEBRUARY CRUDE OIL

Support should appear near 7342 to 7328 then 7170 to 7143 and the 6755 to 6740 region.

Resistance should appear near 7675 to 7689 then 7763 to 7777 and 7836 to 7864. Beyond that sellers should appear near 8029 to 8044. Traders can sell at 8027 and hold for lower prices.
JANUARY BRENT CRUDE OIL
Resistance should appear near 8029 to 8044 then 8119 to 8134 and the 8300 to 8314 region.
Support should appear near 7513 to 7486 and the 7255 to 7242 region.

 

JANUARY HEATING OIL

Support should appear near 22750 to 22670 and the 21850 to 21700 region.

Resistance should appear 24110 to 24190 and the 24610 to 24690 region..
Traders can sell at 24605 and hold for lower prices.

 

JANUARY UNLEADED GAS

Support should appear 19960 to 19820.Below that a test of 19090 to 19020 and 17800 to 17740 region is likely
Resistance should appear near 20340 to 20420 and 21260 to 21340 region. Beyond that sellers should appear near the 22190 to 22260 region.

JANUARY NATURAL GAS

Resistance should appear the 4.238 to 4.249 region. Beyond that sellers should appear near 4.370 to 4.381

Support should appear near 3.867 to 3.858. Below that buyers should appear near 3.682 to 3.663 and contain a decline.                                             

 

                                              THE GRANDE’ GRAINS

JANUARY SOYBEANS
Support should appear near 1013 ¾ to 1010 ½ and 973 ¾ to 970 ¾.

Resistance should appear near 1032 to 1036 then 1047 and the 1058 to 1068 region. Beyond that sellers should appear near 1096 to 1101 and cap rallies.
JANUARY SOYOIL
Support should appear near 3157 to 3148 and the 3102 to 3092 region. Below that a test of 3045 to 3036 is likely.
Resistance should appear near 3261 to 3270 and the 3377 to 3386 region. Beyond that sellers should appear near 3425 to 3443 and cap a rally. Traders can sell at 3367 and risk 100 points

 

JANUARY SOYMEAL
Resistance should appear near 385.8 to 386.7 and 390.9 to 392.9. Beyond that sellers should appear near 411.0 to 412.0 and cap a rally.
Support should appear near 361.3 to 362.3 and 356.3 to 355.3. Below that buyers should appear near 338.6 to 337.3
MARCH CORN

Support should appear near 374.3 to 373.4 and 368 ¼ to 366 ¼, below that a test of the
356 ¼ to 355 ¼ region is likely
Resistance should appear near 411 to 412 and the 416 ¼ to 418 ¼ region
MARCH WHEAT

Support should appear near 534 ½ to 535 ¾ and 521 ¼ to 520. Below that a test of 492 ¾ to 491 ½
is likely to occur.
Resistance should appear near 571 ¾ to 572 ¾ and the 585 ½ to 588 region                                                                                                     

 

                                                   THE LIVELY LIVESTOCK

DECEMBER CATTLE
Support should appear near 16550 to 16420 and 16150 to 16090.

Resistance should appear near 17310 to 17380 and the 17740 to 17800 region.

     

FEBRUARY CATTLE

Support should appear near 16960 to 16890 and 16150 to 16090.

Resistance should appear near 17310 to 17380 and 17740 to 17800.

 

DECEMBER HOGS

Support should appear near 9157 to 9142, a close under is negative and augurs for a test of
9067 to 9042, below that buyers should appear near 8967 to 8937. Traders can buy at 8972 for a bounce and risk a close under 8932 for three days in a row.
Resistance should appear near 9427 to 9442 and 9527 to 9542                                                                              

 

FEBRUARY HOGS

Support should appear near 9157 to 9137, a close under is negative and augurs for a test of 9062 to 9042 and the 8967 to 8932 region.

Resistance should appear near 9312 to 9342 and 9427 to 9442 and 9527 to 9542
Aggressive Traders should go short if a close under 9227 occurs.

 

APRIL HOGS

Support should appear near 9347 to 9312 and the 9157 to 9137 region.

Resistance should appear near 9527 to 9542 and 9707 to 9737

 

                                               THE SATISFYING SOFTS

MARCH COFFEE

Resistance should appear near 19820 to 19960 and 20800 to 20890

Support should appear near 19090 to 19020 and the 18650 to 18580 region. Below that buyers should appear near 18220 to 18080 and contain a decline… Stay tuned for Flashes
MARCH COCOA

Resistance should appear near 2874 to 2883 then 2928 to 2937 and the 3036 to 3045 region…

Support should appear near 2775 to 2758. Below that a test of 2724 to 2716 and the 2620 to 2612 region is likely     Trade Accordingly

 

MARCH SUGAR

Resistance is near 1642 to 1655 then 1689 to 1696 and 1731 to 1738.
Support should appear near 1576 to 1569… Below that a test of 1535 to 1529 is likely.


MARCH COTTON

Support should appear near 5577 to 5553 and the 4995 to 4973 region.

Resistance is at 6165 to 6190 and 6335 to 6350 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

 

Friday November 14, 2014 2:30 PM South Florida Beach Time
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Bi-Weekly Investment Outlook by FuturesCom – Newsletter # 460 October 31, 2014 Equity Indices – Treasuries – Forex – Currency Trading with Precious Metals – Energy – Grains – Livestock – Coffee – Sugar- Cocoa – Cotton comments

Nov 022014
 

FuturesCom  Bi-Weekly Investment Outlook # 460  Saturday  October 31, 2014.  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 best thing about the future is that it comes one day at a time.” – Abraham Lincoln

 

 k3691232Traders should stay nimble and stay tuned for flashes in all markets.  Geopolitical tensions are elevated but have subsided a bit in front of the normal seasonal holiday  period, however volatility is elevated. Investors and traders should continue to hear babble from a variety of government leaders, and finance representatives and because of the upcoming U.S election, U.S politicians will be all over the media. U.S Stock Indices are slightly higher on the year. Interest rates are at or near zero and the U.S Federal Reserve has ended its third round of QE dashing hopes  for QE 4 or a halt to the taper which was contemplated after during recent decline in stocks. Long term support for the Dow Jones Industrial Average remains below the recent trading ranges. Global markets remain sloppy. The U.K FTSE 100 and German Dax are lower on the year and the monthly charts are rolling over including the Russell 2000 even with the rally. Brazil is weak but has great demographics. On the other hand, demographics in Germany (Russia and Japan also) are a big problem. Recent census data shows Germany ‘discovered’ it had lost 1.5 million inhabitants. By 2060 or sooner (likely sooner) Germany may lose an additional 20 percent of its population and shrink to about 66 million people. Europe’s economic issues only acerbate the decline. Recent studies in Europe show that historically high unemployment rates among youths, for example in countries like Greece, Italy and Spain are discouraging younger people from having children. Even before the recent data, population in other European nations was expected to shrink by 2060 or earlier, some more than Germany. There are about four workers for every retired pensioner in the European Union. By 2060, the average will drop to two, according to the European Union’s own data. Bottom line is the leaders of those regions

have little time to dither economically and demographically. Getting back to the stock markets, the yearly work remains positive for the Dow and SP500. However support for the major averages is well below the current market levels. Typically the Dow Jones and Nasdaq firm for the holiday trade into Thanksgiving and the rally we have thus far seen is about the average gain into both Thanksgiving and Christmas. The big news was out of Japan where stock markets were pushed higher on the year by additional QE from the Central Bank of Japan and increased allocations by the Japanese pension funds to stocks. Additionally Stock index ETF’s are now part of the mix of assets in the current BOJ QE efforts to boost inflation (as in the past BOJ QE versions in the latter part of the last century). Japanese rates remain at essentially zero. QE for this decade (as in the past decades) now includes everything in Japan not tied down so to speak. In the last issue we mentioned stock market supporting measures coming from that region and Japan has now done that. The Central Bank of Japan also now expects the government to raise taxes on the general population while corporations are expecting a tax cut. At the current pace of QE the balance sheet of the Central Bank of Japan may equal the GDP of Japan in four years. All the while Japan’s population is declining and the burdens are falling upon the general population. In China growth remains sloppy estimates for a 6.5% rate for next year is showing up on many of the economist’s scratch pads… Increased geopolitical tensions in that region remain

unfavorable for companies doing business. Traders should continue to use the volatility to trade the markets. Forex Markets; The euro remains lower on the year. Longer term downside targets are still below the current levels. Cable is lower on the year and acts lousy and range bound and now appears to be leaving the area from above for a downside test of 15760 to 15690. The USD/CAD typically firms over the next few weeks. Over the longer term, USD/CAD targets are higher but is now into resistance and can back and fill. Dollar-Yen is trading higher on the year, 11010 to 10960 is support on the downside and 11300 to 11360 is the likely nearby target on top, above that a test of 11500 and 11600 to 11690 is likely. Do not rule out an eventual test of the 2002 highs in USD/JPY longer term down the road. Dollar Yen typically rises in this period, for now traders should consider Yen a trading affair.

The Aussie and Kiwi longer term downside targets are lower. The Kiwi and Aussie dollar are mixed on the year. Both are trading affairs now, sell rallies. Aussie typically shows some strength in the later part of November however how much is still questionable… Analysis for overseas equity and foreign exchange markets are available upon request. For more detailed information or a country by county economic analysis for trading or hedging programs please call or  email a request.  Precious Metals and Energy; Gold and Silver remain weak longer term and act lousy once again. Nothing has changed. Gold is a trading affair. Copper remains range bound and sloppy typically copper shows weakness into the end of the year. WTI Crude Oil, Brent Crude and the products are all breaking down, have bounced a bit and are trading affairs. Unleaded Gas has years of price on top of  the market and is now weak ditto for Heating Oil. Natural Gas is now is range bound. While economic benefits of lower gas prices are being touted as consumer friendly, even lower prices will be better at this point for the consumer who has suffered from lack of wage growth for more than a decade coupled  with a tripling of energy since the turn of the century. Grains have rallied sharply and act better. Livestock markets are a day to day trading affair. Typically Hogs act better this time of year, however they are a trading affair, stay tuned for flashes for all contract months in hogs. Coffee typically firms in November / December but is pricey. If coffee dips traders should look to buy March coffee for a bounce. Sugar remains a trading affair and typically declines late October thru late November. Cotton is continues to bounce around and acts a bit better and is lower on the year. The Cocoa fell as we expected. The long term upside targets in Cocoa have been met. Cocoa is a trading affair now. On to the Nitty Gritty…

 

THE SENSATIONAL STOCK AND BOND MARKET

 DOW JONES INDUSTRIAL AVERAGE

Support is near 17,125.00 then 16,960.00 to 16,890.00 and the 16,550.00 to 16,420.00 region where

buyers should appear and contain a decline. Below that 16,150.00 to 16,090.00 should hold.

Resistance is at 17,380.00 then 17,560.00 and the 17.740.00 to 17.800 region.

 

DOW JONES TRANSPORTS

Support should appear near 8589.00 to 8560.00 then 8499.00 to 8484.00 and the 8314.00 to 8300.00 region.

Resistance is at 8762.00 to 8777.00 then 8856.00 to 8871.00 and 8934.00 to 8964.00

 

DECEMBER E-MINI SP500

Resistance should appear near 2015.00 and the 2034.00 to 2042.00 region.

Support should appear near 1953.00 to 1946.00, below that buyers should appear near 1929.00 to 1909.00 and the 1865.00 to 1858.00 region. BW Traders can buy at 1867.00 for a bounce and risk a close under 1857.00 for three days in a row.

 

NASDAQ COMPOSITE

Resistance should appear at 4639.00 to 4650.00 then 4695.00 to 4717.00 and the 4775.00 to 4785.00 region.

Support should appear near 4446.00 to 4425.00 and 4381.00 to 4370.00

 

DECEMBER E-MINI NASDAQ 100

Support should appear near 4056.00 to 4046.00 then 3992.00 to 3982.00 and the 3929.00 to 3909.00 region. Below that buyers should appear near 3867.00 to 3856.00

Resistance is at 4163.00 to 4183.00 then 4238.00 to 4249.00 and 4328.00 to 4249.00.

 

DECEMBER E-MINI RUSSELL 2000

Resistance should appear near the 1182.00 and the 1196.00 to 1203.00 region

Support should appear near 1136.00 to 1130.00 then 1101.00 to 1096.00 and 1068.00 to 1058.00

 

DECEMBER 30 YR BONDS

Resistance should appear near 142-12 and 142-27. Beyond that sellers should appear near 143-22

Support should appear near 139-21 and 138-17 and 137-22

 

DECEMBER 10 YR NOTE

Resistance should appear near 127-07 then 127-21 and 128-08

Support should appear near 125-22 then 125-07 and 124-22

 

                                            THE FRENZIED FOREX FRONT

 DECEMBER DOLLAR INDEX

Resistance should appear near 8762 to 8777 and 8856 to 8871

Support should appear near 8683 to 8668 and the 8589 to 8560 region.

 

DECEMBER JAPANESE YEN

Resistance should appear near 8964 then 9040 to 9060 and 9140 to 9156

Support should appear near 8871 to 8856 then 8777 to 8762 and the 8683 to 8668 region.

 

DECEMBER EURO CURRENCY

Support should appear near the 12380 to 12320 region.

Resistance should appear near 12680 to 12740. Traders can sell at 12677 and hold for lower prices.

Stay tuned for Flashes

 

DECEMBER SWISS FRANC

Resistance should appear near 10580 to 10630 and 10680.

Support should appear near 10360 to 10320 then 10136 to 10104 and 10021 to 10037

 

DECEMBER BRITISH POUND

Support should appear near 15760 to 15690 and 15350 to 15290

Resistance should appear near 16090 to 16150. Traders can sell at 16087 and hold for lower prices.

 

DECEMBER CANADIAN DOLLAR

Resistance should appear near 8905 then 8934 to 8964 and 9044 to 9060.

Traders can sell at 8904 and hold for lower prices.

Support should appear near 8777 to 8762 and the 8683 to 8668 region

 

DECEMBER AUSSIE DOLLAR

Support should appear near 8683 to 8668, a close under is negative and augurs for a test of 8589 to

8560 and likely the 8314 to 8300 region.

Resistance should appear near 8856 to 8871 and the 8934 to 8964 region.

 

                                                   THE PRECIOUS METALS

 

DECEMBER GOLD

Resistance should appear near 1192.00 to 1203.00 and 1232.0 to 1238.0

Support should appear near 1136 to 1130 and the 1101 to 1096 region.

 

DECEMBER COPPER

Resistance should appear near 30920 to 31020 and 31480 to 31570

Support should appear near 29370 to 29280, below that a test of 28830 to 28740 is likely.

 

DECEMBER SILVER

Support should appear near 1576 to 1569 then 1535 to 1529 and the 1496 to 1484 region.

Resistance is at 1642 to 1655 and the 1689 to 1696 region. Beyond that sellers should appear near 1731.0 to 1738.0 and 1774.0 to 1780.0

 

                                                           THE EXCITING ENERGIES

 

DECEMBER CRUDE OIL

Support should appear near 7864 to 7836 and 7601 to 7587

Resistance should appear near 8119 to 8134 and 8194 to 8223.

 

JANUARY CRUDE OIL

Support should appear near 7954 to 7939 and 7777 to 7763, below that a test of 7689 to 7675 is likely.

Resistance should appear near 8194 to 8223 and 8300 to 8314. Beyond that sellers should appear near 8391 to 8406. Traders can sell at 8297 and hold for lower prices.

 

JANUARY BRENT CRUDE OIL

Resistance should appear near 8668 to 8683 region. Beyond that sellers should appear near 8934 to 8964 and cap a rally.

Support should appear near 8314 to 8300 and 8044 to 8029.

 

DECEMBER HEATING OIL

Support should appear near 24690 to 24610 a close under augurs for a trade toward of 23700 to Below that a test of 22750 to 22670 is likely.

Resistance should appear 25190 then 25520 to 25680 and the 26120 to 26200 region.

 

DECEMBER UNLEADED GAS

Support should appear 20890 to 20800 and 19960 to 19820… Below that a test of 19090 to 19020 is likely.

Resistance should appear near 21780 to 21850 and the 22190 to 22260 region. Beyond that sellers should appear near the 23150 to 23220 region.

 

JANUARY NATURAL GAS

Resistance should appear 4.046 to 4.056. Beyond that sellers should appear near 4.110 to 4.120 and the 423.8 to 424.9 region.

Support should appear near 3.867 to 3.858 and 3.682 to 3.663.Below that buyers should appear near 3.386 to 3.377 and contain a decline.

 

                                           THE GRANDE’ GRAINS

 JANUARY SOYBEANS

Support should appear near 1036 to 1032 then 973 ¾ to 970 ¾ and 934 ¾ to 931 ¾.
Resistance should appear near 1058 to 1068, where sellers should appear and cap a rally… Beyond  that resistance should appear near 1082 and the 1096 to 1101 region.

  

DECEMBER SOYOIL

Support should appear near 3328 to 3319 and 3270 to 3261. Below that buyers should appear near 3157 to 3148.

Resistance should appear near 3493 to 3503 and the 3553 to 3563 region. Beyond that sellers should appear near 3613 to 3623.

 

DECEMBER SOYMEAL

Resistance should appear near 399.2 to 398.2 and 404.6 to 405.6. Beyond that sellers should appear near 416.3 to 418.3 and 423.8 to 424.9

Support should appear near 386.7 to 385.8 and 374.3 to 373.4. Below that a test of 356.3 to 355.3 is likely.

 

DECEMBER CORN

Support should appear near 362 ¼ to 361 ¼ and 356 ¼ to 355 ¼

Resistance should appear near 379 ½ to 380 ¾ and 390 ¾ to 392 3/4

 

DECEMBER WHEAT

Support should appear near 521 ¼ to 520 and 506 ¾ to 505 ¾. Below that a test of 492 ¾ to 491 ½ is likely.

Resistance should appear near 541 ¾ to 543 and 549 ¼ to 550 ½

 

                                                   THE LIVELY LIVESTOCK

 

DECEMBER CATTLE

Support should appear near 16150 to 16090 and the 15760 to 15690 region.

Resistance should appear near 16890 to 16960 and the 17310 to 17380 region.

 

FEBRUARY CATTLE

Support should appear near 16150 to 16090 and 15760 to 15690

Resistance should appear near the 16890 to 16960 region.

 

DECEMBER HOGS

Support should appear near 8682 to 8667 and the 8592 to 8562 region

Resistance should appear near 8937 to 8967 then 9042 to 9062 and 9137 to 9162.

 

FEBRUARY HOGS

Support should appear near 8667 to 8682 and the 8317 to 8300.

Resistance should appear near 8932 to 8967 and 9042 to 9062.

 

APRIL HOGS

Support should appear near 8682 to 8667 and 8317 to 8302.

Resistance should appear near 9042 to 9062 and the 9137 to 9157 region.

 

                                             THE SATISFYING SOFTS

 

MARCH COFFEE

Resistance should appear near 19820 to 19960 and 20800 top 20890

Support should appear near 19090 to 19020 and the 18650 to 18580 region. Below that buyers should appear near 18220 to 18080 and contain a decline…

Stay tuned for Flashes

 

MARCH COCOA

Resistance should appear near 2928 to 2937 and the 3036 to 3045 region… Beyond that sellers should appear near 3148 to 3157 and cap a rally… Traders can sell at 3147 and hold for lower prices. , risk a  close over 3162 for three days in a row.

Support should appear near 2829 to 2820 and the 2775 to 2758 region. Below that a test of 2724 to 2716 is likely Trade Accordingly

 

MARCH SUGAR

Resistance is near 1642 to 1655 then 1689 to 1696 and 1731 to 1738.

Support should appear near 1576 to 1569… Below that a test of 1535 to 1529 is likely.

 

 DECEMBER COTTON

Support should appear near 6190 to 6165.. Below that a test of 6035 to 6023 is likely.

Resistance is at 6577 to 6591 and 6659 to 6673. Beyond that sellers should appear near 6809 to 6836 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

Friday October 31, 2014 2:15 PM South Florida Beach Time

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