Futures Trading Newsletter , Bi-Weekly Investment Outlook #485.
FuturesCom Futures Trading Newsletter Saturday October 17, 2015. SP500 and Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. for a Free Two Week trial to our Futures Trading Newsletter see https://futurescom.com/free-trial-2
Saturday October 17, 2015
8:00 AM, South Florida Beach Time
Global geo-political concerns continue to rise across the board. Analysis for global equity and foreign exchange markets are available upon request. Traders should continue to expect wide movements in all markets. For a cross-country or country-by-country analysis for trading and hedging please call or email a request.
The interest rate environment in the U.S. is still zero. Monetary policy and government support for global economies is still extreme. The Nasdaq is higher on the year. The Dow Industrials , SP500, Russell 2000 and Dow Transports are all lower on the year. Gold is unchanged on year and the Dollar Index is higher on the year. Long-term support for U.S. stock markets remains well below current levels.
Stay tuned for flashes, updates and additional recommendations.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,135.00 and the 16,960.00 to 16,890.00 region. Below that buyers should appear near the 16,550.00 to 16,420.00 region. Resistance should appear near the 17,310.00 to 17,380.00 region. Which should cap a rally. Beyond that a test of 17,740.00 to 17,780.00 is likely.
DOW JONES TRANSPORTS
Support should appear near 8044.00 to 8029.00 and the 7864.00 to 7836.00 region. Below that 7777.00 to 7763.00 should contain a decline.
Resistance is at 8119.00 to 8134.00 then 8194.00 to 8223.00 and the 8300.00 to 8314.00 region, where sellers should appear and cap a rally. DECEMBER E-MINI SP500
Resistance should appear near 2034.00 to 2042.00. Traders can sell 2032.75 and risk a close over 2043.75 for three days in a row. Beyond that a test of 2080.00 to 2089.00 is likely. Support should appear near 1996.00 to 1982.00 sand the 1953.00 to 1942.00 region.
Traders can buy at 1954.75 for a bounce and risk 15.00 points.
NASDAQ COMPOSITE
Resistance should appear at the 4973.00 to 4995.00 region. Beyond that, sellers should appear near the 5056.00 to 5067.00 region. Support should appear near 4856.00 to 4845.00 and the 4717.00 to 4695.00 region.
DECEMBER E-MINI NASDAQ 100
Support should appear near 4381.00 to 4370.00 and the 3415.00 to 4304.00 region. Below that buyers should appear near 4249.00 to 4238.00. Resistance is at 4503.00 to 4514.00 and should cap a rally. Beyond that a trade towards 4571.00 to 4582.00 is likely and should bring sellers out of the woodwork.
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near the 1164.00 to 1169.00 region. Beyond that sellers should appear near 1180.50 and the 1192.00 to 1203.00 region. Traders can sell at 1180.10 and risk a close over 1187.00 for three days in a row Support should appear near 1136.00 to 1130.00 and the 1101.00 1096.00 region. Below that a test of 1068.00 to 1058.00 is likely.
DEC 30 YR BONDS
Resistance should appear near 159-12 and 160-07. Beyond that sellers should appear near 160-21.
Support should appear near 158-07 and 157-21. Below that buyers should appear near 157-07.
DEC 10 YR NOTE
Resistance should appear near 129-27 and 130-07. Beyond that sellers should appear near 130-21.
Support should appear near 127-21 and 127-07. Below that buyers should appear near 126-08.
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 9486 and the 9526 to 9542 region. An extended trade over is friendly and augurs for a test of 9583. Beyond that a trade towards 9625 to 9641 is likely. Support should appear near the 9445 to 9429 region. Below that buyers should appear near the 9347 to 9316 region. DECEMBER JAPANESE YEN
Resistance should appear near 8391 to 8406 and the 8484 to 8499 region. Beyond that a test of 8560 to 8589 is likely. Traders can sell at 8559 and hold for lower prices. Support should appear near 8314 to 8300, a close under is negative and augurs for a test of the 8223 to 8194 region.
DECEMBER EURO CURRENCY
Support should appear 11360 to 11300. A close under is negative and augurs for a test of 11155 and the 11010 to 10960 region. Resistance should appear near 11500. Beyond that sellers should appear near the 11640 to 11690 region. Traders should go short if a close under 11299 occurs.
DECEMBER SWISS FRANC
Resistance should appear near the 10580 to 10680 region. Beyond that sellers should appear near 10815 and the 10960 to 11010 region.
Support should appear near 10470, a close under augurs for a test of the 10360 to 10320 region.
DECEMBER BRITISH POUND
Support should appear near 15350 to 15290, a close under augurs for a test of 14960 to 14840. Resistance should appear near the 15690 to 15760 region, where sellers should appear and cap a rally.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 7763 to 7777 and the 7834 to 7864 region. Support should appear near 7689 to 7675, below that a test of the 7601 to 7587 region is likely.
DECEMBER AUSSIE DOLLAR Resistance should appear near 7328 to 7342 and the 7414 to 7428 region.
Support should appear near 7088 to 7074, a close under is negative and augurs for a test of the 7003 to 6990 region. Trade accordingly
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1192.0 to 1203.0 and the 1232.0 to 1238.0 region.
Support should appear near 1169.0 to 1164.0, a close under is negative and augurs for a test of the 1136.0 to 1130.0 region, where buyers should contain a decline.
DECEMBER COPPER Resistance should appear near 24110 to 24190. Beyond that sellers should appear near the 24610 to 24690 region and 25110 to 25190.
Support should appear near 23540 and the 22750 to 22670 region.
DECEMBER SILVER
Support should appear near 1535.0 to 1529.0. Below that buyers should appear near the 1496.0 to 1489.0 region.
Resistance is at 1615.0 and the 1642.0 to 1655.0 region. Beyond that sellers should appear near 1689.0 to 1696.0. Pick your Poison.
THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Support should appear near 4582 to 4571 and the 4446 to 4425 region. Below that a test of 4381 to 4370 is likely.
Nearby resistance should appear near 4785 and the 4856 to 4856 region. Beyond that sellers should appear near 4915 to 4926. Stay tuned for flashes.
JANUARY CRUDE OIL
Support should appear near 4650 to 4639, a close under is negative and augurs for a test of 4514 to 4503.
Resistance should appear near 4915 to 4926 and the 5056 to 5067 region.
Traders should go short if a close under 4637 occurs.
DECEMBER BRENT CRUDE OIL
Support should appear near 4856 to 4845 and 4785 to 4775. A close under is negative and augurs for a test of 4650 to 4639.
Resistance should appear near 5127 to 5139 and the 5200 to 5211 region. Beyond that 5344 to 5356 should cap a rally.
DECEMBER HEATING OIL
Support should appear near 14960 to 14840 and the 14590 to 14530 region. Below that buyers should appear near the 14210 to 14150 region. Traders can buy at 14220 and risk a close under 14140 for three days in a row. Resistance should appear 15350 and the 15690 to 15760 region. Beyond that sellers should appear near the 16090 to 16150 region.
DECEMBER UNLEADED GAS
Support should appear near 13100 to 13040 and the 12740 to 12680 region. Below that a test of 12380 to 13210 is likely.
Resistance should appear 13770 to 13830 and 14530 to 14590
DECEMBER NATURAL GAS
Support should appear near 2.620 to 2.612. Below that a test of 2.519 to 2.511 is likely. Resistance should appear near 2.663 to 2.672 and the 2.716 to 2.724 region. Beyond that sellers should appear near 2.820 to 2.829
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 896 ½ to 893 ½, a close under is negative and augurs for a test of the 877 ¾ to 876 ¼ region.
Resistance should appear near 904 ½ to 906 and the 914 to 915 ¾ region. Beyond that sellers should appear near 931 ¾ to 934 ¾. Trade accordingly
DECEMBER SOYOIL Support should appear near 2724 to 2716 and the 2629 to 2620 region.
Resistance should appear near 2874 to 2883 and 2928 to 2937. Beyond that sellers should appear near the 2972 to 2990 region and cap a rally.
DECEMBER SOYMEAL Resistance should appear near 319.4 to 321.3 and the 326.1 to 327.0 region.
Support should appear near 304.5 to 304.6 and the 299.0 to 297.2 region. Below that a test of 288.3 to 287.4 is likely.
DECEMBER CORN
Support should appear near the 362 ¼ to 361 ¼ region. Below that a test of 350 ¼ to 349 ¼ is likely. Resistance should appear near the 385 ¾ to 386 ¾ region and 390 ¾ to 392 ¾ .
DECEMBER WHEAT Support should appear near 491 ½ then 485 ¾ to 484 ½ and the 478 ½ to 477 ½ region.
Resistance should appear near 512 ¾ to 513 ¾ and the 520 to 521 ¼ region, where sellers should appear and cap a rally.
THE LIVELY LIVESTOCK
DECEMBER CATTLE Support should appear near 13830 to 13770 and the 13460 to 13340 region.
Resistance should appear near 14150 to 14210 and the 14530 to 14590 region, where sellers should appear and cap a rally.
FEBRUARY CATTLE
Support should appear near 13990 and the 13830 to 13770 region. Below that buyers should appear near 13460 to 13340 and contain a decline.
Resistance should appear near 14530 to 14590 and the 14840 to 14960 region.
DECEMBER HOGS Support should appear near 6512 to 6482, a close under is negative and augurs for a test of the 6432 to 6417 region. Below that a trade towards 6352 to 6337 is likely.
Resistance should appear near 6577 to 6592 and the 6657 to 6672 region. Traders can sell at 6657 and risk a close over 6717 for three days in a row. Beyond that sellers should appear near 6742 to 6757 and cap a rally.
FEBRUARY HOGS
Support should appear near 6757 to 6742 and the 6672 to 6657 region. A close under is negative and augurs for a test of 6592 to 6577.
Resistance should appear near 6907 to 6922 and the 6992 to 7002 region. Beyond that sellers should appear near 7072 to 7087 and cap a rally.
Stay tuned for Livestock flashes and updates.
THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near 12680 to 12740 and the 13040 to 13100 region, where sellers should appear and cap a rally. Traders can sell at 12885 and hold for lower prices. Support should appear near 12030 to 11920, a close under is negative and augurs for a test of 11690 to 11640 and eventually the 11360 to 11300 region. Sell a rally. DECEMBER COCOA Support should appear near 3102 to 3092 and the 3045 to 3036 region. Below that a test of 2990 to 2972 is likely. Resistance should appear near 3148 to 3157. Beyond that sellers should appear near the 3194 to 3213 region and cap a rally. MARCH SUGAR Resistance is near 1453 to 1459 and the 1484 to 1496 region. Traders can sell at 1452 and risk close over 1499 for three days in a row. Support should appear near 1421 to 1415 and the 1383 to 1377 region. A close under is negative and augurs for a test of the 1346 to 1334 region.
DECEMBER COTTON
Support should appear near 6350 to 6337, a close under is negative and augurs for a test of 6190 to 6165 and eventually the 6035 to 6023 region.
Resistance is at 6483 to 6509. Beyond that sellers should appear near 6659 to 6773 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
Saturday October 17, 2015 9:30 PM South Florida Beach Time
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