FuturesCom Morning Investment Comments Thursday July 18, 2013 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
“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.
Wednesday July 17, 2013
3:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 15,350.00 to 15,290.00
Resistance should appear near 15,520.00 and the 15,690.00 to 15,760.00.
SEPTEMEBER E-MINI SP500
Resistance should appear near the 1689.00 to 1696.00 region.
Support should appear near 1655 to 1642.
NASDAQ COMPOSITE
Resistance should appear near 3613.00 to 3623.00.
Support should appear near 3563.00 to 3553.00
SEPTEMBER E-MINI NASDAQ 100
Support should appear near 3045.00 to 3036.00
Resistance should appear near 3092.00 to 3102.00
SEPTEMBER E-MINI RUSSELL 2000
Resistance should appear at 1047.00 and the 1058.00 to 1068.00 region
Support should appear near 1036.00 to 1032.00 and 1013.60 to 1010.40
SEPTEMBER 30 YR BOND
Resistance should appear near 135-21 and 136-07
Support should appear near 134-21 and 134-07
SEPTEMBER 10 YR NOTE
Resistance should appear near 127-07 and 127-21.
Support should appear near 126-07 and 125-21
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8300 to 8314
Support should appear near 8223 to 8194.
SEPT JAPANESE YEN
Resistance should appear near 10104 to 10136 then 10185 and 10237
Support should appear near 10037 to 10021 and 9937 to 9921
SEPT EURO CURRENCY
Support should appear near 13100 to 13040
Resistance should appear near 13220 and 13340 to 13460.
SEPT SWISS FRANC
Resistance should appear near 10680 and 10815
Support should appear near 10580 then 10470.
SEPT BRITISH POUND
Support should appear near 15125 then 15042 and 14960 to 14840.
Resistance should appear near the 15290 to 15350 region. BW Traders can sell at 15282 and risk a close over 15367 for three days in a row.
SEPT CANADIAN DOLLAR
Resistance should appear near the 9625 to 9641. Beyond that sellers should appear near 9706 to 9737. BW Traders can sell at 9705 and risk a close over 9747 for three days in a row.
Support should appear near 9546 to 9526
SEPTEMBER AUSSIE DOLLAR
Support should appear near 9156 to 91240 and 9060 to 9044
Resistance should appear 9237 and the 9316 to 9347 region. BW Traders can sell at 9312 and hold for lower prices.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1304.00 to 1310.00 and the 1334 to 1346 region.
Support is near 1274 to 1268 and the 1238 to 1232 region.
SEPTEMBER COPPER
Resistance should appear near 31480 to 31570 and 31940 to 32130.
Support should appear near 31020 to 30920. Below that buyers should appear near 30450 to 30360
SEPTEMBER SILVER
Resistance should appear near 1946 to 1953 and 1982 to 1996.
Support is at 1909 to 1902 and 1865 to 1858
THE EXCITING ENERGIES
SEPT CRUDE OIL
Resistance should appear near 10815 and 10960 to 11010
Support should appear near 10580 and 10470
SEPT HEATING OIL
Support should appear near should appear near 30450 to 30360 and 29900 to 29720
Resistance should appear 30920 to 31020 and 31940 to 32130
SEPT UNLEADED GAS
Support should appear near 29900 to 29720.
Resistance should appear near 30920 to 31020
SEPT NATURAL GAS
Resistance should appear at 3734 to 3743 and 3795 to 3806
Support should appear near 3263 to 3613 and 3563 to 3553.
THE GRANDE’ GRAINS
AUGUST SOYBEANS
Support should appear near 1459 to 1453 and 1437
Resistance should appear near the 1484 to 1496 region.
NOVEMBER SOYBEANS
Support should appear near 1274 to 1268 and 1253.
Resistance should appear near the 1304 to 1310 region. BW Traders can sell at 1303 and risk a close over 1311 for three days in a row. Beyond that sellers should appear near 1334 to 1346.
AUGUST SOYOIL
Resistance should appear near 4639 to 4650
Support should appear near 4515 to 4503.
AUGUST SOYMEAL
Resistance should appear near 477.5 to 478.5 and 484.5 to 485.6
Support should appear near 465.0 to 463.9 and 458.2 to 457.1
SEPT CORN
Support should appear 535 ¾ to 534 ½ and the 528 ¼ to 525 ¾ region.
Resistance should appear near 555 ¼ to 557 ¾ and 564 to 565 ¾
DEC CORN
Support should appear near 499 ½ to 497 ¼ and 492 ¾ to 491 ½
Resistance should appear near 512 ¾ to 513 ¾ and 520 to 521 ¼
SEPT WHEAT
Resistance should appear near 674 ¼ to 675 ½ and 680 ¾ to 683 ¾,
Support should appear near 659 ¼ to 657 ¾ and 650 ¾ to 648 ¾
BW Traders should go long if a close over 683 ¾ occurs
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near the 12030 to 11920 region.
BW Traders can buy at 12037 for a bounce and risk a close under 11917 for three days in a row.
Resistance should appear near 12172 and the 12320 to 12380 region. BW Traders can sell at 12317 and risk a close over 12387 for three days in a row.
OCTOBER CATTLE
Support should appear near 12320 to 12030. BW Traders can buy at 12387 and risk a close under 12317 for three days in a row
Resistance should appear near 12530 and 12680 to 12740.
AUGUST HOGS
Support should appear near the 9542 to 9527
Resistance should appear near 9707 to 9737
OCTOBER HOGS
Support should appear near the 8502 to 8482 and 8407 to 8392
Resistance should appear near 8557 to 8587 and the 8667 to 8682 region.
BW Traders can sell at 8662 and risk a close over 8782 for three days in a row.
THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near 12380 to 12320 and 12030 to 11920
Resistance should appear near 12965 and 13040 to 13100
SEPT COCOA
Resistance should appear near 2315 to 2322 and 2354 to 2370
Support should appear near 2226 to 2219 and 2185 to 2170
OCT SUGAR
Resistance is near 1609 to 1615
Support should appear near 1576 to 1569.
DEC COTTON
Support should appear near 8314 to 8300 and 8223 to 8194
Resistance is 8391 to 8406 and 8484 to 8499
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
Wednesday July 17, 2013 4:30 PM South Florida Beach Time
THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES AND FOREIGN EXCHANGE TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, FOREIGN EXCHANGE AND OPTIONS. TRADING FUTURES AND FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PLEASE TRADE WITH CAPITAL YOU CAN AFFORD TO LOSE. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. NO SOLICITATION IS MADE HERE FOR INDIVIDUALS TO BUY OR SELL FUTURES CONTRACTS, FOREIGN EXCHANGE OR OPTION MARKET. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. READERS ARE SOLEY RESPONSIBLE FOR HOW THEY USE THE INFORMATION AND FOR THEIR RESULTS. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FUTURES AND FOREIGN EXCHANGE AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS, THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES AND FOREIGN EXCHANGE TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. INTERNET RISKS ; THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET BASED SERVICE INCLUDING BUT NOT LIMITED TO, FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION, FUTURESCOM EMPLOYS BACK-UP SYSTEMS AND CONTINGENCY PLANS TO MINIMIZE THE POSSIBILITY OF SYSTEM FAILURE.
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