Futures Trading Newsletter , Bi-Weekly Investment Outlook #477.
FuturesCom Futures Trading Newsletter Sunday June 28, 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 June 28, 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 at 17,800.00 to 17,740.00 and 17,560.00. Below that a test of 17,380.00 to 17,310.00 is likely and should hold.
Resistance is at 18,080.00 to 18,150 and 18,220. Beyond that seller should appear near 18,580.00 and 18,650.00.
DOW JONES TRANSPORTS
Support should appear near 8044.00 to 8029.00 , below that buyers should appear near and the 7777.00 to 7763.00 region.
Resistance is at 8300.0 to 8314.00 and the 8391.00 to 8406.00 region. Beyond that sellers should appear near 8484.00 to 8499.00.
SEPT E-MINI SP500
Resistance should appear near 2107.50 then 2126.00 to 2134.00 and the 2170.00 to 2185.00 region. BW Traders can sell at 2125.75 and risk a close over 2135.75 for three days in a row. Support should appear near 2080.00 the 2042.00 to 2034.00 region. Below that 1996.00 to 1982.00 should hold. BW Traders can buy at 2015.25 for a bounce and hold for higher prices.
NASDAQ COMPOSITE
Resistance should appear at 5127.00 to 5139.00 and the 5259.00 to 5282.00 region. Support should appear near 4995.00 to 4973.00 and the 4926.00 to 4915.00 region.
SEPT E-MINI NASDAQ 100
Support should appear near 4446.00 to 4425.00 and the 4381.00 to 4370.00 region. Below that 4315.00 to 4304.00 should hold. Resistance is at 4503.00 to 4514.00 and the 4571.00 to 4582.00 region. Beyond that sellers should appear near 4639.00 to 4650.00 and cap a rally.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1304.00 to 1310.00. Beyond that sellers should appear near the 1334.00 to 1346.00 region and cap a rally. Support should appear near support is near 1274.00 to 1268.00 , below that a test of 1238.00 to 1232.00 is likely. Stay tuned for Index flashes SEPT 30 YR BONDS
Resistance should appear near 148-21 and 149-17. Beyond that sellers should appear near
150-17 and cap a rally.
Support should appear near 146-21 and 143-21. Below that 142-12 should contain a decline.
SEPT 10 YR NOTE
Resistance should appear near 126-17 and 127-12. Beyond that sellers should appear near 128-22 and cap a rally.
Support should appear near 123-21 then 120-17 and 119-07 .
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9641 and the 9707 to 9737 region. A close over is friendly and augurs for a test of 9821 to 9837 Support should appear near 9542 to 9526 then 9445 to 9429 and the 9347 to 9316 region. SEPT JAPANESE YEN
Resistance should appear near 8119 to 8134 and the 8194 to 8223 region. Beyond that a test of 8300 to 8314 is likely. Support should appear near 8044 to 8029 and the 7954 to 7939 region. Below that buyers should appear near 7864 to 7834 and contain a decline.
SEPT EURO CURRENCY
Support should appear 11010 to 10960, a close under is negative and augurs for a test of 10680 to 10580. Below that a test of 10360 to 10320 is likely. Resistance should appear near 11300 to 11360 then 11500 and the 11640 to 11690 region .
SEPT SWISS FRANC
Resistance should appear near 10820 and the 10960 to 11010 region, which should cap a rally.
Support should appear near 10680 and 10580 , below that a test of 10360 to 10320 is likely.
SEPT BRITISH POUND
Support should appear near 15522 and the 15350 to 15290 region, where buyers should appear and contain a decline. Below that a test of 14960 to 14840 and lower is likely. Resistance should appear near 15760 and 15917. Beyond that sellers should appear near the 16090 to 16150 region.
SEPT CANADIAN DOLLAR
Resistance should appear near 8119 to 8134 then 8194 to 8223 and the 8300 to 8314 region. Where sellers should appear and cap a rally. Traders can sell at 8299 and risk a close over 8317 for three days in a row.
Support should appear near 8029 to 8044 and 7954 to 7939. Below that an eventual test of 7777 to 7763 is likely to occur.
SEPT AUSSIE DOLLAR Resistance should appear near 7675 to 7689 and the 7762 to 7777 region.
Support should appear near 7587 and the 7513 to 7486 region. Below that a test of 7342 to 7328 is likely. Stay tuned for Forex flashes and updates.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1192.0 to 1203.0 and 1232.0 to 1238.0
Support should appear near 1169 to 1664. Below that a test of 1101 to 1096 is likely
SEPT COPPER Resistance should appear near 26630 to 26720 and the 27160 to 27240 region, where sellers should appear and a cap a rally.
Support should appear near 26200 to 26120 and the 25680 to 25520 region. Below that a test of 25190 to 25110 is likely.
SEPT SILVER
Support should appear near 1535.0 to 1529.0 and the 1496.0 to 1484.0 region
Resistance is at 1609.0 to 1615.0 and the 1689.0 to 1696.0 region.
THE EXCITING ENERGIES
AUGUST CRUDE OIL
Support should appear near the 5880 to 5855 region. Below that buyers should appear near 5729 to 5716. A close under is negative and augurs for a test of 5577 to 5553.
Resistance should appear near 6023 to 6035 and the 6101 to 6113 region. Beyond that sellers should appear near 6337 to 6350 and cap rallies.
SEPT CRUDE OIL
Support should appear near 5957 to 5945 and 5805 to 5792 region.
Resistance should appear near 6165 to 6190 then 6257 to 6270 and the 6337 to 6350 region.
AUGUST BRENT CRUDE OIL
Support should appear near 6113 to 6101 and the 6035 to 6023 region.
Resistance should appear near 6591 to 6577 and 6809 to 6836 region.
AUGUST HEATING OIL
Support should appear near 18650 to 18580 and 18220 to 18080. Below that a test of 17800 to 17740 is likely.
Resistance should appear 19020 to 19090 and 19460 to 19530. Beyond that sellers should appear near 19820 to 19960 and cap a rally.
AUGUST UNLEADED GAS
Support should appear near 19960 to 19820 and the 19090 to 19020 region. Below that a test of 18650 to 18590 is likely.
Resistance should appear 20340 to 20420 and 20800 to 20890. Beyond that sellers should appear near the 21260 to 21340 region. Traders can sell at 21240 and hold for lower prices.
AUGUST NATURAL GAS
Support should appear near 2.672 to 2.663 and 2.620 to 2.612. Below that a test of 2.519 to 2.511 is likely to occur. Resistance should appear near 2.820 to 2.829 to 2.874 to 2.883. Beyond that sellers should appear near 2.928 to 2.937
THE GRANDE’ GRAINS
AUGUST SOYBEANS Support should appear near 973 ¾ to 970 ¾ and the 934 ¾ to 931 ¾ region.
Resistance should appear near 1010 ½ to 1013 ¾, Beyond that sellers should appear near 1032 to 1036 and the 1058 to 1068 region. Traders who have ‘ice water running through their veins’ can sell at 1057 and initially risk a close over 1069 for three days in a row.
NOVEMBER SOYBEANS
Support should appear near 973 ¾ to 970 ¾ , a close under is negative and augurs for a test of the 934 ¾ to 931 1/3 region.
Resistance should appear near 1002 ¼ to 1003 ¾ and the 1032 to 1036 region. Beyond that sellers should appear near 1047 and the 1058 to 1068 region.
DECEMBER SOYOIL Support should appear near 3328 to 3319 and the 3270 to 3261 region. Below that a test of 3213 to 3194 is likely.
Resistance should appear near 3377 to 3386 and 3425 to 3443. Beyond that sellers should appear near 3493 to 3503.
DECEMBER SOYMEAL Resistance should appear near 337.7 to 338.6 and the 342.5 to 344.3 region, where sellers should appear and cap a rally.
Support should appear near 321.3 to 319.4 and the 315.7 to 314.8 region. Below that 310.2 to 309.2 should hold.
DECEMBER CORN
Support should appear near the 399 ¼ to 398 ¼ and the 392 ¾ to 390 ¾ region. Below that a test of 380 ¾ to 379 ½ is likely. Resistance should appear near 416 ¼ to 418 ¼ and the 423 ¾ to 424 ¾ region.
DECEMBER WHEAT Support should appear near 557 ¾ to 555 ¼ and the 550 ½ to 549 ¼. A close under is negative and augurs for a test of 513 ¾ to 512 ¾.
Resistance should appear near 579 ¼ to 580 ½ and the 585 ½ to 588 region. Beyond that sellers should appear near 602 ¼ to 603 ½ and the 610 ¼ to 611 ¼ region.
Stay tuned for Grain flashes and updates.
THE LIVELY LIVESTOCK
AUGUST CATTLE Support should appear near 14840, a close under is negative and augurs for an eventual test of the 14590 to 14530 region.
Resistance should appear near14957 and 15122. Beyond that sellers should appear near the 15290 to 15350 region. Trade Accordingly.
OCTOBER CATTLE
Support should appear near 14960 to 14840 and the14590 to 14530 region.
Resistance should appear near 15290 to 15350 then 15517 and the 15760 to 15690 region, where sellers should appear and cap a rally.
AUGUST HOGS Support should appear near 7172 to 7142 and the 7087 to 7072 region.
Resistance should appear near 7327 to 7342 and 7762 to 7777
OCTOBER HOGS
Support should appear near 5957 to 5942 and 5880 to 5855
Resistance should appear near 6482 to 6512 and 6577 to 6592 .
Stay tuned for Livestock flashes and updates.
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Resistance should appear near 13770 to 13830 and 14150 to 14210 Support should appear near 131.00 to 130.40, below that a test of 12740 to 12680 is likely. Below that a trade towards 12580 to 12320 is likely.
SEPTEMBER COCOA
Support should appear near 3213 to 3194 and the 3157 to 3148 region.
Resistance should appear near 3425 to 3443 and the 3493 to 3503 region.
OCTOBER SUGAR
Resistance is near 1232 to 1238 and 1268 to 1274. Beyond that sellers should appear near 1304 to 1310 and cap a rally. Support should appear near 1169 to 1164 and 1136 to 1130, below that a test of 1101 to 1096 is likely.
DECEMBER COTTON
Support should appear near 6591 to 6577 and the 6350 to 6327 region.
Resistance is at 6906 to 6919 and the 6990 to 7003 region. Beyond that sellers should appear near 7328 to 7342 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 June 28, 2015 1:45 PM South Florida Beach Time
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