Futures Trading Newsletter , Bi-Weekly Investment Outlook #481.
FuturesCom Futures Trading Newsletter Sunday August 23, 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
“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.
Sunday August 23, 2015 3:00 AM, South Florida Beach Time
Traders should expect wide movements in all markets. Stay tuned for flashes, updates and additional recommendations. Analysis for global equity and foreign exchange markets are available upon request. For cross-country or country-by-country analysis for trading and hedging, please call or email a request
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is 16,410.00, failure there is negative and augurs for a test of the 16,150.00 to 16,090.00 region. Below that 15,760.00 to 15,690.00 should bring some buyers out of the woodwork.
Resistance is at 16,720.00 and the 16,890.00 to 16,960.00 region. Beyond that sellers should appear near 17,310.00 to 17,380.00 and cap a rally.
DOW JONES TRANSPORTS
Support should appear near 7777.00 to 7763.00 region. Failure to hold indicates an eventual test of 7342.00 to 7328.00.
Resistance is at the 8029.00 to 8044.00 and the 8300.0 to 8314.00 region.
SEPT E-MINI SP500
Resistance should appear near 1996.00 and the 2034.00 to 2042.00 region. Beyond that sellers should appear near 2061.50. Support should appear near 1953.00 to 1946.00 and the 1909.00 to 1902.00 region. Below that a test of 1865.00 to 1858.00 is likely. Traders can buy 1867.00 for a bounce and risk 12.00 points
NASDAQ COMPOSITE
Resistance should appear at 4775.00 to 4785.00 and the 4845.00 to 4856.00 region. Support should appear near 4582.00 to 4571.00 and the 4446.00 to 4425.00 region.
SEPT E-MINI NASDAQ 100
Support should appear near 4183.00 to 4163.00 then 4120.00 to 4110.00 and the 4056.0 to 4046.00 region. Below that a test of 3929.00 to 3909.00 is likely. Resistance is at 4238.00 to 4249.00 and the 4304.00 to 4314.00 region. Beyond that sellers should appear near the 4370.00 to 4381.00.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1164.00 to 1169.00. Beyond that sellers should appear near the 1192.00 to 1203.00 region.
Support should appear near 1136.00 to 1130.00. below that a test of 1101.00 1096.00 is likely Trade accordingly. SEPT 30 YR BONDS
Resistance should appear near 161-21 and 162-07. BW Traders can sell at 161-21 and hold for lower prices. Beyond that sellers should appear near 163-17 and 164-07.
Support should appear near 159-21 and 158-07. Below that 157-21 should contain a decline.
SEPT 10 YR NOTE
Resistance should appear near 129-21 and 130-07, beyond that sellers should appear near 130-21
Support should appear near 127-12 and 126-07. Below that buyers should appear near 125-21.
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9526 to 9542 and the 9706.00 to 9737.00 region. Support should appear near 9445 to 9429 and 9347 to 9316 Which should contain a decline. SEPT JAPANESE YEN
Resistance should appear near the 8300 to 8314 region. Beyond that sellers should appear near 8391 to 8406 and the 8484 to 8499 region. Support should appear near 8044 to 8029. Below that buyers should appear near 7954 to 7939.
SEPT EURO CURRENCY
Support should appear 11300, a close under is negative and augurs for a test of 11010 to 10960
Resistance should appear near 11500 and the 11640 to 11690 region. Stay tuned for flashes.
SEPT SWISS FRANC
Resistance should appear near 10580 to 10630 and 10680
Support should appear near 10360 to 10320 and 10136 to 10104.
SEPT BRITISH POUND
Support should appear near the 15350 to 15290 region. Below that a test of 14960 to 14840 is likely. Resistance should appear near 15760. Beyond that seller should appear near 15917 and cap a rally.
SEPT CANADIAN DOLLAR
Resistance should appear near 7675 to 7689 and 7763 to 7777. Traders can sell at 7761 and risk a close over 7781 for three days in a row. Support should appear near 7587, below that an eventual test of 7342 to 7328 is likely.
SEPT AUSSIE DOLLAR Resistance should appear near 7328 to 7342 and 7414 to 7428. Beyond that sellers should appear near 7486 to 7513 and the 7587 to 7601 region. Traders can sell at 7584 and hold for lower prices.
Support should appear near 7255 to 7242 and 7170 to 7143, failure there augurs for a test of 7088 to 7074. Stay tuned for Forex Flashes
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1164.0 to 1169.0 and the 1192.0 to 1203.0 region.
Support should appear near 1136.00 to 1130.00 and 1101.00 to 1096.0
DECEMBER COPPER Resistance should appear near 23540 to 23700 and the 24110 to 24190 region. Above that 24610 to 24690 should being out sellers.
Support should appear near 22750 to 22670 region. Below that buyers should appear near 21850 to 21700 and contain a decline.
DECEMBER SILVER
Support should appear near 1459 to 1453 and the 1421 to 1415 region.
Resistance is at 1569 to 1576 and 1609 to 1615 Trade accordingly
THE EXCITING ENERGIES
OCTOBER CRUDE OIL
Support should appear near 3867 to 3858 and the 3806 to 3795 region.
Resistance should appear near 4110 to 4120 and 4304 to 4315. Beyond that sellers should appear near the 4571 to 4582 region.
NOVEMBER CRUDE OIL
Support should appear near 4056 to 4045 and the 3992 to 3982 region. Below that a test of 3929 to 3909 is likely.
Resistance should appear near 4110 to 4120 and 4304 to 4315. Beyond that sellers should appear near the 4571 to 4582 region.
OCTOBER BRENT CRUDE OIL
Support should appear near 4446 to 4425 and 4315 to 4304. Below that a test of 4183 to 4163 is likely.
Resistance should appear near 4639 to 4650 and 4695 to 4717. Beyond that sellers should appear near 4775 to 4785
OCTOBER HEATING OIL
Support should appear near 14590 to 14530. Failure to hold is negative and augurs for a test of 14210 to 14150 and the eventually the 13830 to 13770 region
Resistance should appear 14960 and the 15290 to 15350 region. Above that sellers should appear near 15690 to 15760 and cap a rally.
OCTOBER UNLEADED GAS
Support should appear near 13830 to 13770, below that a test of 13460 to 13340 and eventually the 13040 to 13100 region. Resistance should appear 14150 to 14210 and the 14590 to 14650 region. Beyond that sellers should appear near 15290 to 15350 and a cap a rally
OCTOBER NATURAL GAS
Support should appear near 2.672 to 2.663 and the 2.620 to 2.612 region. Resistance should appear near 2.758 to 2.775 and the 2.820 to 2.829 region.
Stay tuned for Energy flashes
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 877 ¾ to 876 ¼, a close under is negative and augurs for a test of 858 ¾ to 858 and eventually the 831 ¼ to 830 region
Resistance should appear near 893 ½ to 896 ½ and the 904 ½ to 906 region. Beyond that sellers should appear near 914 to 915 ¾ and cap a rally. Traders should go short if a close under 875 occurs.
DECEMBER SOYOIL Support should appear near 2724 to 2716 , below that a test of 2672 to 2663 and the 2620 to 2612 region is likely. Below that buyers should appear near 2568 to 2552.
Resistance should appear near 2820 to 2829 and the 2874 to 2883 region. Beyond that sellers should appear near 2928 to 2937.
DECEMBER SOYMEAL Resistance should appear near 315.7 and 319.4 to 321.3 and 326.1 to 327.0. Beyond that sellers should appear near 331.9 to 332.8.
Support should appear near 310.2 to 309.2 and the 304.5 to 303.6 region. Below that a test of 299.0 to 297.2 is likely.
DECEMBER CORN
Support should appear near 374 ¼ to 373 ½ and the 368 ¼ to 366 ¼ region. Below that a test of 338 ¼ to 366 ¼ is likely. Resistance should appear near 385 ¾ to 386 ¾ and 390 ¾ to 392 ¾. Beyond that sellers should appear near 404 ¾ to 405 ¾ .
DECEMBER WHEAT Support should appear near 492 ¾ to 491 ½ and 485 ¾ to 484 ½.
Resistance should appear near 525 ¾ to 528 ¼ and 534 ½ to 535 ¾
THE LIVELY LIVESTOCK
OCTOBER CATTLE Support should appear near 14210 to 14150 region and the 13830 to 13770 region.
Resistance should appear near 14530 to 14590 and 14840 to 14960 region.
DECEMBER CATTLE
Support should appear near 14590 to 14530. Below that a test of 14210 to 14150 is likely.
Resistance should appear near 14722 and 14840 to 14960
OCTOBER HOGS
Support should appear near 6270 to 6257 and 6192 to 6162. Below that a test of 6037 to 6022 is likely.
Resistance should appear near 6337 to 6352 and 6417 to 6432. Beyond that sellers should appear near 6482 to 6512.
DECEMBER HOGS
Support should appear near 5880 to 5855. Below that a test of 5507 to 5492 is likely. Resistance should appear near 6022 to 6037 and 6102 to 6112.
Stay tuned for Livestock flashes and updates.
THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near the 12680 to 12740 and 13040 to 13100 region. Beyond that sellers should appear near 13340 to 13460 and cap a rally. Support should appear near the 12380 to 12320 and the 12030 to 11920 region. Below that a test of 11690 to 11640 is likely. Traders can buy at 11695 for a bounce and risk a close under 11635 for three days in a row.
DECEMBER COCOA
Support should appear near 3045 to 3036 and the 2990 to 2972 region. Below that a test of 2937 to 2928 is likely
Resistance should appear near 3092 to 3102 and the 3148 to 3157 region.
OCTOBER SUGAR
Resistance is near 1096 to 1101 and the 1130 to 1130 region. Beyond that sellers should appear near the 1164 to 1169 region. Support should appear near 1036 to 1032 region. Below that a test of 1005 to 1000 is likely.
DECEMBER COTTON
Support should appear near 6672 to 6659 and the 6350 to 6337 region.
Resistance is at 6743 to 6755, beyond that a test of 6809 to 6836 is likely
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 August 23, 2015 12:00 Noon South Florida Beach Time
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