Futures Bi-Weekly Newsletter 3-13-2016

Mar 132016
 

Futures Trading Newsletter , Bi-Weekly Investment Outlook #495.

FuturesCom Futures Trading Newsletter Sunday March 13, 2016.  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

“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one

more time.” –Thomas A. Edison–

 

Saturday March 12th 2016

7:00 AM, South Florida Beach Time

Traders should remain prepared for wide movements across the board. Stay tuned for additional flashes and updates. Contact our office if you need long or short term analysis for global equities, foreign exchange markets or commodities not covered in our Bi-Weekly Investment Outlooks.

 

Monetary policy and government support for global economies remains extreme. The SP500 is a little under the close of 2014 and 2015. The U.S. economy is doing ok. Home values and wages are firming. Stay tuned for Stock Index flashes.

 

Geo-political risk has moved up a notch. Keep an eye out for spring offensives by all parties involved in conflicts. Overseas, European banks play a large role in the supporting the EU economies, more than banks do in helping the U.S. economy. Europe’s financial firms have been overleveraged undercapitalized, under-reserved and are now being torpedoed by negative interest rates and that is not going to change. The risk of either a Greek or British exit from the European Union has risen in recent months. Globally, far-right political parties are becoming more popular. In the U.S.A, our politics are increasingly embracing left and right-wing extremes as the electorate abandons the middle road in the face of diminished economic expectations.

Wars are ongoing not only in the Middle East, but also in Ukraine despite EU peace-deal attempts. Russia is also more aggressive along the East and West divide from the Baltics to the Balkans.

In China, the nation’s excursions in the South China Sea have alarmed its neighbors. Capital is fleeing and domestic economic growth is faltering.

 

Emerging Markets are in a tough spot, little or no structural reforms, lower commodity prices and ongoing currency debasements with huge debt-repayment issues that are likely to last for years.

 

Not to be an alarmist, but we should also mention health problems associated with the Zika virus. According to the World Health Organization (WHO) the spread of the virus has been accompanied by a spike in cases of Guillain-Barre syndrome. If you don’t know what that is you might want to look it up.

Nine countries have now reported increasing cases of Guillain-Barre syndrome (GBS) in people of all ages, according to WHO officials. The U.S. is deploying genetically engineered mosquitos into the Florida Keys to stifle the pest.

 

The Federal Reserve meets next week and volatility is likely to remain high. Seasonally the stock market tends to firm up into the end of the first quarter. The Shiller Ten-Year inflation adjusted Price to Earnings ratio (PE) is a little above 25. The mean over the last 100 years is a little under 17.

 

Forex Markets; The U.S. dollar index is lower on the year and month. The European Central Bank (ECB) moved rates deeper in negative territory and increased quantitative easing. The euro is over the 11010 to 10960 region. Support remains near 10680 to 10580. Resistance is near 11300 to 11360 and 11640 to 11690. Cable has moved up off of multi-year lows. Nearby support is at 14210 to 14150. USD/CAD remains weak and volatility remains high. Conversely the Canadian Dollar futures have moved higher. The Bank of Canada recently left monetary policy unchanged. The Dollar-Yen is lower on the year and year over year. The Bank of Japan has a monetary policy meeting next week. Interest rates are negative in Japan, the bank recently said it may take longer than previously thought get to a 2 % inflation rate. Furthermore, if you buy a home in Japan, the standard is for the value of the home to depreciate to zero over forty years. The Aussie Dollar moved higher and Kiwi has traded rangebound. The New Zealand Central bank lowered interest rates last week and said the economic outlook has worsened.
Precious Metals; Gold and silver have increased the trading ranges and both act better. Copper is up on the month and on the year.

 

Energies; Crude Oil continues to trade with a wide range and has moved up. Crude Oil and the products remain trading affairs and are likely to stay flat for years to come. Natural Gas has bounced off of 17 year lows.

 

Grains; The weather market season for grains is now upon us. Soybeans typically firm up at this time of year and are doing so. Corn is a little higher on the year. Wheat typically does not make the season lows until July. Traders should sell July Wheat on a rally. Stay tuned for Grain flashes.

 

Livestock; Cattle and Hog futures have moved up. Cattle made decade highs last year. Third quarter pork production is estimated to up 3.6 percent from last year, the rise would be one of the largest on record. April Hogs are a trading affair. Summer month Hogs typically make highs in late April and early May. Consider livestock markets a trading affair, and stay tuned for livestock flashes and updates.

 

Soft Commodities; Coffee is unchanged on the year and the highs for the season typically occurs at the Ides of March. Sell rallies in July coffee. Sugar seasonally tends to decline thru April. Stay tuned for flashes. Cotton is trading just above multi-year lows. The long term Cocoa works remains negative. Sell rallies in the July contracts.

 

On to the Nitty Gritty.

 

                                

                                       THE SENSATIONAL STOCK AND BOND MARKET

 

DOW JONES INDUSTRIAL AVERAGE Nearby support is at 17,125.00 and the 16,960.00 to 16,890.00 region. Below that buyers should appear near 16,720.00.

Resistance should appear near 17,310.00 to 17,380.00. Beyond that sellers should appear near 17,740.00 to 17,800.00 and cap a rally.

 

 

 

DOW JONES TRANSPORTS

Support should appear near 7601.00 to 7587.00 and 7428.00 to 7414.00. Beyond that buyers should appear near 7342.00 to 7328.00

Resistance should appear near 7763.00 to 7777.00 and the 7939.00 to 7954.00 region. Beyond that sellers should appear near 8029.00 to 8044.00 and cap a rally.

 

JUNE E-MINI SP500

Resistance should appear 2034.00 to 2042.00 and the 2080.00 to 2089.00 region.

Support should appear near 1996.00 to 1982.00 and the 1953.00 to 1946.00 region.
NASDAQ COMPOSITE

Resistance should appear 4845.00 to 4856.00 and the 4915.00 to 4926.00 region. Beyond that sellers should appear near 5056.00 to 5067.00.

Support should appear near 4650.00 to 4639.00 and the 4582.00 to 4571.00 region.

 

JUNE E-MINI NASDAQ 100

Support should appear near 4315.00 to 4304.00 and the 4183.00 to 4163.00 region.

Resistance is at 4370.00 to 4381.00 and the 4503.00 to 4514.00 region. Beyond that sellers should appear near 4571.00 to 4582.00

 

JUNE E-MINI RUSSELL 2000

Resistance should appear near 1101.00 and the 1130.00 to 1136.00 region. Beyond that sellers should appear near 1164.00 to 1169.00

Support should appear near 1068.00 to 1058.00 and the 1036.00 to 1032.00 region. Below that buyers should appear near 1013.60 to 1010.40.

Pick your poison

 

 

 

 

 

JUNE 30 YR BONDS

Resistance should appear near 162-21 and 163-07. Beyond that sellers should appear 164-07 and cap a rally.

Support should appear near 160-21. Below that 157-21 and 156-07 should hold. Trader can buy at 157-23 for a bounce and hold for higher prices.
JUNE 10 YR NOTES

Resistance should appear near 128-21 and 130-07 cap a rally. Beyond that sellers should appear near 131-21

Support should appear near 127-21 and 127-07. Below that buyers should appear near 126-21                                                                

                                                 THE FRENZIED FOREX FRONT

JUNE DOLLAR INDEX

Resistance should appear near 9673 and the 9706 to 9737 region. Beyond that sellers should appear near 9821 to 9837.   Support should appear near 9542 to 9526. Below that buyers should appear near the 9347 to 9316 region and contain a decline.

JUNE JAPANESE YEN

Resistance should appear near 8856 to 8870 and the 8934 to 8964.00 region. Beyond that a test of 9029 to 9044 is likely. Support should appear near 8683 to 8668 and the 8589 to 8560 region. Below that buyers should appear near 8499 to 8484.

JUNE EURO CURRENCY

Support should appear near 11010 to 10960 and 10890, a close under augurs for a test of 10820 and eventually the 10680 to 10580 region. Resistance should appear near 11300 to 11360 and the 11640 to 11690 region.   Traders can sell June at 11637 and risk a close over 11697 for three days in a row.
JUNE SWISS FRANC

Resistance should appear near 10320 to 10360 and 10580 to 10680

Support should appear near 10136 to 10104 and 10037 to 10021.

JUNE BRITISH POUND

Support should appear near 14210 to 14150 and 13830 to 13770. Resistance should appear near 14530 to 14590 and the 14840 to 14960 region.

 

JUNE CANADIAN DOLLAR

Resistance should appear near 7675 to 7689 and the 7763 to 7777 region.

Support should appear near 7513 to 7487 and the 7342 to 7328 region.

 

JUNE AUSSIE DOLLAR Resistance should appear near the 7675 to 7689 region. Beyond that sellers should appear near 7763 to 7777 and the 7836 to 7864 region and cap rally.

Support should appear near 7428 to 7414 and the 7342 to 7328 region, where buyers should appear and contain a decline.                                           THE PRECIOUS METALS

APRIL GOLD

Resistance should appear near 1268.0 to 1274.0 and the 1304.00 to 1310.00 region.

Support should appear near 1232.00 to 1232.00 and the 1203.00 to 1192.00 region. Below that buyers should appear near 1180.50 and 1169.0 to 1164.0.

MAY COPPER

Resistance should appear 23150 to 23220. Beyond that sellers should appear near the 24110 to 24190 region and a cap a rally.

Support should appear near 21850 to 21700 and the 208900 to 20800 region.

 

MAY SILVER

Support should appear near 1535.0 to 1529.0 and should hold. A close under is negative and augurs for a test of the 1496.0 to 1489.0 region. Below that buyers should appear near 1459.0 to 1453.0

Resistance is at 1569.0 to 1576.0 and 1609.0 to 1615.0. beyond that sellers should appear near 1642.0 to 1655.0

 

 

                                                   THE EXCITING ENERGIES

APRIL CRUDE OIL

Support should appear near 3743 to 3734 then 3682 to 3662. Below that buyers should appear near 3443 to 3425.

Resistance should appear near 3858 to 3867 and 3909 to 3929. Beyond that sellers should appear near 3982 to 3992 and 4046 to 4056.

 

MAY CRUDE OIL

Support should appear near 39 90 to 3929 and 3867 to 3858. Below that buyers should appear near 3743 to 3734.

Resistance should appear near 4046 to 4056 then 4110 to 4120 and 4163 to 4183

 

MAY BRENT CRUDE OIL

Support should appear near 3929 to 3909 and 3867 to 3858. Below that buyers should appear near 3806 to 3795 and 3743 to 3734.

Resistance should appear near 4046 to 4056 and 4163 to 4187.

 

APRIL HEATING OIL

Support should appear near 12030 to 11920 and 11690 to 11640. Below that as test of 11380 to 11320 is likely.

Resistance should appear 12320 to 12380 and the 13040 to 13100 region.

 

APRIL UNLEADED GAS

Support should appear near 14210 to 14150, a close under is negative and augurs for a test of 13460 to 13340

Resistance should appear 14530 to 14590. Beyond that sellers should appear near 14840 to 14590 and 15290 to 15340.

 

APRIL NATURAL GAS

Support should appear near 1.738 to 1.731 and 1.696 to 1.689. Below that a test of 16150 to 16090 is likely and should hold. Resistance should appear near 1.858 to 1.865 then 1.902 to 1.909 and 19460 to 19530.

 

                                               THE GRANDE’ GRAINS

MAY SOYBEANS

Support should appear near 877 ¾ to 876 ¼ and 858 ¾ to 856

Resistance should appear near 914 to 915 ¾ and the 931 ¾ to 934 ¾ region.

 

MAY SOYOIL Support should appear near 3102 to 3092 and the 2990 to 2972 region.

Resistance should appear near 3261 to 3270 and the 3377 to 3386 region.
MAY SOYMEAL

Resistance should appear near 275.8 to 277.5 and the 282.0 to 282.9 region.

Support should appear near 262.0 to 261.2 and the 256.8 to 255.2 region.
MAY CORN

Support should appear near 350 ¼ to 349 ¾ and the 344 ¼ to 342 ½ region.                 Resistance should appear near 366 ¼ to 368 ¼ and the 373 ½ to 374 ¾ region.

 

MAY WHEAT Support should appear near 465 to 463 ¾ and the 458 ¼ to 457 ¼ region.

Resistance should appear near 484 ½ to 485 ¾ and the 491 ½ to 492 ¾ region.

Traders should sell July Wheat at 505 and risk a close over 515 for three days in a row.

 

 

 

 

 

 

 

 

 

 

                                                   THE LIVELY LIVESTOCK  

 

APRIL 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.

JUNE CATTLE

Support should appear 12730 to 12680 and the 12380 to 12320 region.

Resistance should appear near 13037 to 13100 and the13340 to 13460 region.
APRIL HOGS

Resistance should appear near 7327 to 7342 and the 7412 to 7427 region.

Support should appear near 7087 to 7077 and the 6922 to 6907 region.

 

JUNE HOGS

Resistance should appear near 8392 to 8407 and the 8482 to 8497 region.

Support should appear near 8137 to 8117 and the 8042 to 8027 region.                                                               

 

 

                                         THE SATISFYING SOFTS

MAY COFFEE

Resistance should appear near 13040 to 13100 and the 13340 to 13460 region. Support should appear near the 12380 to 12320 and the 12030 to 11920 region. Sell July Coffee at 13320 and hold for lower prices.

MAY COCOA Support should appear near 2937 to 2928. Below that a test of 2672 to 2662 is likely. Resistance should appear near 3092 to 3102 and 3148 to 3157. Beyond that sellers should appear near 3261 to 3270.
MAY SUGAR

Resistance is near 1569 to 1576 and the 1609 to 1615 region. Support should appear near 1459 to 1453 and the 1346 to 1334 region.

MAY COTTON Support should appear near 5504 to 5492 and 5430 to 5418. Below that a test of 5067 to 5056 is likely.    Resistance should appear near 5945 to 5957 and the 6023 to 6035 region, where sellers should appear 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 March 13, 2016 10:00 AM South Florida Beach Time

 

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Futures Bi-Weekly Newsletter 2-28-2016

Feb 282016
 

Futures Trading Newsletter , Bi-Weekly Investment Outlook #494.

FuturesCom Futures Trading Newsletter Sunday February 28, 2016.  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

 

Observation, Experience, Memory and Mathematics. These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory. -Reminiscences of a Stock operator-

 

Saturday February 27th 2016

7:00 AM, South Florida Beach Time

Geo-political risks and volatility remain high. Contact our office if you need analysis for global equities, foreign exchange markets or commodities not covered in today’s newsletter.

U.S. equities did not act well Friday, after opening up higher most indices drifted lower into the close. Long term support remains well below prevailing prices. The Transports and Russell act better, but have declined the most since the highs were made well above current prices.

Forex Markets; The U.S. dollar index is nearly unchanged on the year and lower on the month.

The euro is under the 11010 to 10960 region. Support is now 10680 to 10580. Cable failed badly,

if 13830 to 13750 is unable to contain the decline an inevitable fall to 13460 to 13340 is likely.

The G-20 communique was released over the weekend. The group told U.K. citizens not to leave the European Union because it would be would be a global shock. Cable resistance above the market is now at 14150 to 14210 and 14530 to 14590. USD/CAD has weakened, volitity remains high. Conversely the Canadian Dollar futures have firmed up and historically tend to stay stable during March. The Dollar-Yen is lower on the year and year over year. The Aussie and Kiwi are trading affairs.
Precious Metals; Gold and silver have increased the trading ranges, silver tends to act better in late March, Gold tends to fall into the end of March. Copper is up on the month and unchanged on the year.

Pick your Poison.

 

Energies; Crude Oil continues to trade with a wide range. Crude Oil and the products are trading affairs. Natural Gas fell to lows not seen in this century.

 

Grains; The USDA Outlook forum took place on Thursday and Friday. Nearby Wheat futures and Soymeal futures made new contract lows Friday. Soybean Oil is rangebound. Soybeans continue to trade either side of year end levels. Soybeans typically firm up at this time of and have not. Corn is essentially unchanged on the year.

 

Livestock; Cattle and Hog futures moved up. Consider livestock markets a trading affair, and stay tuned for livestock flashes and updates.

 

Soft Commodities; Coffee is lower on the year and unchanged on the month. Nothing has changed. Our sell region did not hit and we have lowered the price. Sugar moved higher, seasonally sugar tends to decline from now until April. Stay tuned for flashes. May Cotton traded at new contract lows last week. The long term Cocoa works remains negative.

 

On to the Nitty Gritty.

 

 

 

 

Stay tuned for Flashes and Updates in all Markets

                                

 

 

 

 

 

 

 

 

 

 

                                       THE SENSATIONAL STOCK AND BOND MARKET

 

 

DOW JONES INDUSTRIAL AVERAGE Nearby support is at the 16,550.00 to 16,420.00 and the 16,285.00 region. Below that buyers should appear near 16,150.00 to 16,090.00.

Resistance should appear near 16,72.00 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 7342.00 to 7328.00 and the 7170.00 to 7143.00 region. Below that buyers should appear near the 7088.00 to 7074.00 region.

Resistance should appear near 7428.00 and 7486.00 to 7513.00. Beyond that sellers should appear near the 7587.00 to 7601.00 region.

 

MARCH E-MINI SP500

Resistance should appear the 1946.00 to 1953.00 and 1967.50. Beyond that a test of 1982.00 to 1996.00 should bring some sellers out of the woodwork.

Support should appear near the 1909.00 to 1902.00 region and 1883.50. Below that a test of 1865.00 to 1858.00 is likely and should hold for a bit.

 

NASDAQ COMPOSITE

Resistance should appear 4639.00 to 4650.00 and the 4695.00 to 4717.00 region. Beyond that sellers should appear near 4775.00 to 4785.00

Support should appear near 4542.00 and 4514.00 to 4504.00. a close under is negative and augurs for a test of 4446.00 to 4425, under that buyers should appear near 4381.00 to 4370.00 and should hold.

 

MARCH E-MINI NASDAQ 100

Support should appear near 4183.00 to 4163.00 and the 4120.00 to 4110.00 region. Below that a test of the 4056.00 to 4046.00 region is likely and should hold.

Resistance is at 4238.00 to 4249.00 and the 4304.00 to 4315.00 region. Beyond that a test of 4370.00 to 4381.00 is likely and should cap a rally. Stay tuned for flashes

 

MARCH E-MINI RUSSELL 2000

Resistance should appear near 1047.00 and the 1058.00 to 1068.00 region. Beyond that sellers should appear near 1082.00.

Support should appear near 1032.00 and the 1018.50 region. Below that buyers should appear near the 1003.70 to 1002.10 region.

 

Trade accordingly.

 

JUNE 30 YR BONDS

Resistance should appear near 164-21 and 165-07. Beyond that sellers should appear 166-21 and cap a rally.

Support should appear near 163-21 and 162-06. Below that 161-21 should contain a decline.

JUNE 10 YR NOTES

Resistance should appear near 130-21 and 131-07. Beyond that sellers should appear near 132-21 and cap a rally.

Support should appear near 129-21 and 129-07. Below that 127-21 should hold.                                                                

 

                                                 THE FRENZIED FOREX FRONT

JUNE DOLLAR INDEX

Resistance should appear near 9837. A close over augurs for a test of the 9921 to 9737 region.   Support should appear near 9779 and the 9737 to 9706 region. Below that 9641to 9625 should contain a decline.

MARCH JAPANESE YEN

Resistance should appear near 8856 to 8870 and the 8934 to 8964.00 region. Beyond that sellers should appear 9029 to 9044. Support should appear near 8683 to 8668 and the 8589 to 8560 region. Below that buyers should appear near 8499 to 8484.

 

 

 

 

MARCH EURO CURRENCY

Support should appear near 10890, a close under augurs for a test of 10820 and eventually the 10680 to 10580 region. Resistance should appear near 11010 and 11155. Beyond that sellers should appear near 11300 to 11360 and cap a rally.   Traders should sell June at 11087 and risk a close over 11162 for three days in a row.
MARCH SWISS FRANC

Resistance should appear near 10104 to 10136. Beyond that sellers should appear near 10320 to 10360.

Support should appear near 10021. An extended trade under augurs for a test of 9937 to 9921 and the 9837 to 9821 region.

 

MARCH BRITISH POUND

Support should appear near 13830 to 13770 and 13615. Below that 13460 to 13340 should contain a decline. Resistance should appear near 13990 and the 14150 to 14210 region.

 

JUNE CANADIAN DOLLAR

Resistance should appear near 7414 to 7428. Beyond that sellers should appear near 7486 to 7513.

Support should appear near 8342 to 7328 and the 7170 to 7143 region.

 

MARCH AUSSIE DOLLAR Resistance should appear near the 7143 to 7170 region. Beyond that sellers should appear near 7255 to 7242 and 7328 7342.

Support should appear near 7088 to 7074 and the 7003 to 6990 region. Traders can sell June at 7137 and risk 40 points.
 

 

 

 

                                          THE PRECIOUS METALS

APRIL GOLD

Resistance should appear near 1232.00 to 1238.00 and 1253.0. A close over is friendly and augurs for a test of 1268.0 to 1274.0

Support should appear near 1217.5 and the 1203.00 to 1192.00 region. Below that buyers should appear near 1180.50 and 1169.0 to 1164.0.

MAY COPPER

Resistance should appear 21260 to 21340 region. Beyond that sellers should appear near the 21700 to 21850 region and a cap a rally, above that resistance is at 22190 to 22260.

Support should appear near 208900 to 20800 and the 19960 to 19820 region.

 

MAY SILVER

Support should appear near 1421.0 to 1415.0 and the 1383.0 to 1377.0 region.

Resistance is at 1484.0 to 1496.0 and 1529.0 to 1535.0

 

 

                                                     THE EXCITING ENERGIES

APRIL CRUDE OIL

Support should appear near 3270 to 3261 then 3213 to 3194 and the 3157 to 3148 region.

Resistance should appear near 3319 to 3328 then 3377 to 3386 and 3425 to 3443

Traders should go short if a close under 3257 occurs.

 

MAY CRUDE OIL

Support should appear near 3328 to 3319 and the 3123 to 3194 region. Below that a test of 3045 to 3036 is likely.

Resistance should appear near 3493 to 3503 and the 3553 to 3563 region. Beyond that sellers should appear near the 3613 to 3623 region. Traders can sell at 3607 and risk a close over 3637 for three days in a row. Traders should go short if a close under 3421 occurs.

 

MAY BRENT CRUDE OIL

Support should appear near 3213 to 3194 and the 3157 to 3148 region. Below that a test of 3045

to 3036 is likely

Resistance should appear near 3613 to 3623 and the 3663 to 3682 region. Beyond that sellers should appear near 3734 to 3743 and the 3795 to 3806 region.

 

APRIL HEATING OIL

Support should appear near the 10360 to 10320 region. Below that a test of 10136 to 10104 is likely.

Resistance should appear 10960 to 11010. Beyond that sellers should appear near 11640 to 11690 and cap a rally.

 

APRIL UNLEADED GAS

Support should appear near 12740 to 12680 and 12380 to 12320

Resistance should appear 13040 to 13100 and 13340 to 13460

 

APRIL NATURAL GAS

Support should appear near 1.780 to 1.774 and 1.696 to 1.689

Resistance should appear near 1.808 to 1.822 and 1.858 to 1.865

 

                                                 THE GRANDE’ GRAINS

MAY SOYBEANS

Support should appear near 858 ¾ to 856 and the 849 ¾ to 848 ½ region. Below that at test 831 1/4 to 830 and 804 ½ to 802 ¾ region is likely. BW Traders can buy at 805 ¼ and risk a close under 801 ¼ for three days in a row.

Resistance should appear near 866 ¾ to 868 ¼ and the 876 ¼ to 877 ¾ region. Beyond that sellers should appear near 885 ¾ to 887 ¼ and the 893 ½ to 896 ½ region. Stay tuned flashes. MAY SOYOIL Support should appear near 3102 to 3092 and 3045 to 3036. Below that buyers should appear near 2990 to 2972.

Resistance should appear near 3148 to 3157 and the 3261 to 3270 region.
MAY SOYMEAL

Resistance should appear near 2621.2 to 261.2 then 266.3 to 267.2. Beyond that sellers should appear near the 275.8 to 277.4 region

Support should appear near 251.9 to 251.1 then 246.9 to 246.1 . Below that a test of 237.0 to 235.4 is likely.
MAY CORN

Support should appear near 362 ¼ to 361 ¼ and 344 ¼ to 342 ½ . A close under is negative and augurs for a test of 338 ¾ to 337 ¾ where buyers should appear and contain a decline.         Resistance should appear near 366 ¼ to 368 ¼ and the 373 ½ to 374 ¼ region.

 

MAY WHEAT Support should appear near 418 ¼ to 416 ¼ and 386 ¾ to 385 ¾

Resistance should appear near 457 ¼ to 458 ¼ and 469 ½ to 471 ¾. BW traders can sell at 471 3/4 and hold for lower prices. Beyond that sellers should appear near 484 ½ to 485 ¾.

 

                                                   THE LIVELY LIVESTOCK  

APRIL CATTLE

Support should appear near 13460 to 13340 and 13100 to 13040

Resistance should appear near 13987 and 14150 to 14210.

JUNE CATTLE

Support should appear 12532 and the 2382 to 12317 region.

Resistance should appear near 12680 to 12740 and 13040 to 13100
APRIL HOGS

Resistance should appear near 7142 to 7170 and 7242 to 7257

Support should appear near 7007 to 6987 and the 6837 to 6807 region.
JUNE HOGS

Resistance should appear near 8117 to 8137 and the 8192 to 8222 region

Support should appear near 7867 to 7832 and the 7777 to 7762 region.

       

                                         THE SATISFYING SOFTS

MAY COFFEE

Resistance should appear near 11640 to 116490 and the 11920 to 12030 region. Beyond that sellers should appear near 12320 to 12380 and cap a rally. Traders can sell at 11910 and hold for lower prices. Support should appear near the 11360 to 11300 region, a close under is negative and augurs for a test of 11010 to 10960 and the 10680 to 10580 region. Trade accordingly

MAY COCOA Support should appear near 2829 to 2820 and the 2724 to 2716 region. Below that a test of 2672 to 2662 is likely. Resistance should appear near 2928 to 2937 region. Beyond that sellers should appear near 2972 to 2990 and 3036 to 3045. MAY SUGAR Resistance is near 1415 to 1421 then 1453 to 1459 and 1484 to 1496. Support should appear near 1346 to 1334 and the 1274 to 1268. MAY COTTON Support should appear near 5577 to 5553, below that a trade towards 5430 to 5418 is likely.    Resistance should appear near 5945 to 5957 and the 6023 to 6035 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

 

Sunday February 28, 2016 1:00 PM South Florida Beach Time

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