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Morning Investment and Day Trading Comments Monday November 25, 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

Saturday November 23 2013
7:00 PM South Florida Beach Time

Please note; analysis for 30 Year Bonds and Notes has moved to March.  U. S Stocks closed higher Friday with all major averages up on the year, year over year and on the month.
Dow Jones Industrials up trend remains and is up against a FuturesCom band at 16090 to 16150.  A ‘week-end buy rule’ was in place at the close Friday for the Dow Industrials and SP500. Nasdaq Composite at Friday’s close was the highest weekly since early September of 2000. Russell 2000 closed at or near all-time highs.
Dow Jones Industrial average and SP500 both tend to remain firm into early December.
Russell 2000 Index and Nasdaq Index also tend to act better at the end November and into early December. Long term ‘yearly’ technical patterns for U.S. stock index averages remain friendly with considerable ‘air’ on top in the Nasdaq from the previous highs back in 2000.  Dollar Yen closed Friday at highest level since early July. Forex  traders should look for a continued upward bias in Dollar –Yen. Forex traders should remain long Dollar-Yen and buy dips.  Euro FX is range-bound, news driven and up on the year by a hair.  Aussie Dollar continues to act weak against the dollar is well off its highs of the year, recent highs and remains weak. However, buying Aussie Dollars against the Canadian Dollar and the U.S dollar typically works from the last week in November until the second week in January. Look at the trade for a bounce and also for a bounce in Aussie, a sustained close over 9157 is mildly friendly and augurs for a test of 9316 to 9347.  Precious metals were mixed Friday, gold a bit higher and copper up a bit, copper does not act bad considering the technical damage over the last few months. Copper can firm in price this week. If Gold declines to the 1203 to 1192 region well-heeled investors and traders can consider nibbling at the long side in spot gold. After month-end occurs traders should have a better idea of what the metals will do until then the long side has issues.  Meanwhile the recent low qualifies for a FuturesCom band low in Gold for a test of 1268 to 1274 if it holds. January Heating Oil does have a tendency to slip back into the middle of December and is now a weather market and has rallied sharply. WTI WTI Crude Oil was lower Friday while Brent Crude Oil  firmed. Soybeans also had a sharp move higher Friday (notably on that fateful day of November 22, 1963 soybeans went up the limit when news of the assassination of President Kennedy made its way to grain floor), soybeans and soymeal are up on the month. Bean Oil is nearly unchanged. Coffee is probed higher level and sold off a bit on Friday.  If Coffee can sustain a higher month over month trade it should be considered supportive. On a quarterly basis coffee remains the most oversold in 45 years. Cocoa is higher on the month and year, traders should buy a dips seasonally Cocoa prices tend to act better from this week until early December.  Sugar has acted sloppy and is lower on the month and lower on the year. However, buying Sugar this week does tend to show profits into early January. Traders should stay tuned for day to day flashes in livestock.

                                        THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE

Support remains near 15,925.00 and the 15,760.00 to 15,690.00 region.
Resistance is near 16,090.00 to 16,150.00, a close or extended trade over is friendly and augurs for a test of 16,420.00 to 16,550.00.

DEC E-MINI SP500

Resistance should appear near the 1808.00 to 1822.00 region.  A close or extended trade over is friendly and augurs for a test of 1840.00 and the 1858.00 to 1865.00 region.

Support should appear near 1801.00 then 1792.00 and the 1780.00 to 1774.00 region.

NASDAQ COMPOSITE

Resistance remains near 3992.00, a close or extended trade over is friendly and augurs for a test of the 4046.00 to 4056.00 region.
Support should appear near 3982.00 then 3955.00 and the 3929.00 to 3909.00 region.

DEC E-MINI NASDAQ 100

Support should appear near 3405.50 and the 3386.00 to 3377.00 region.

Resistance should appear near the 3425.00 to 3443.00 region.  Beyond that a test of 3468.00 and the 3493.00 to 3503.00 region is likely.

DEC E-MINI RUSSELL 2000

Resistance should appear at the 1130.00 to 1136.00 region.
Support should appear near 1115.50 then 1108.50 and the 1101.00 to 1096.00 region.

MARCH 30 YR BOND

Resistance should appear near 131-07 and 131-21
Support should appear near 130-07 and 129-21

MARCH 10 YR NOTE

Resistance should appear near 125-21 and 126-07

Support should appear near 124-21 and 124-07

                                                 THE FRENZIED FOREX FRONT

DEC DOLLAR INDEX

Resistance should appear near 8119 to 8134

Support should appear near 8044 to 8029.

DEC JAPANESE YEN
Resistance should appear near 9921 to 9937
Support should appear near 9837 to 9821

DEC EURO CURRENCY

Support should appear near 13537 and 13460.
Resistance should appear near 13615. BW Traders can sell at 13612 and risk 50 points.
Beyond that a test of 13770 to 13830 is likely.
DEC SWISS FRANC

Resistance should appear near 1.1155 and the 11300 to 11360 region.

Support is near 11010 to 10960

DEC BRITISH POUND

Support should appear near 16150 to 16090

Resistance should appear near 16420 to 16550.

DEC CANADIAN DOLLAR

Resistance should appear near 9526 to 9542.

Support should appear near 9486 and the 9445 to 9429 region.

DEC AUSSIE DOLLAR

Support should appear near 9156 to 9140
Resistance should appear near 9327 and 9316 to 9347

                                                       THE PRECIOUS METALS

FEBRUARYGOLD

Resistance should appear near 1268.0 to 1274.0

Support is near the 1238.0 to 1232.0 region

MARCH COPPER
Resistance should appear near 32610 to 32700.

Support should appear near 32130 to 31940.

MARCH SILVER

Support should appear near 1982 and 1953 to 1946

Resistance is at 1996 and 2034 to 2042.                                                                                 

                                            THE EXCITING ENERGIES

JANUARY CRUDE OIL

Resistance should appear near 9526 to 9542 and 9625 to 9641

Support should appear near 9347 to 9316 and 9235.

JANUARY HEATING OIL

Support should appear near should appear near 29900 to 29720 and 29370 to 29280.

Resistance should appear 30450 and 30920 to 31020

JANUARY UNLEADED GAS

Support should appear near the 26720 to 26600 and 26200 to 26120

Resistance should appear near 27160 to 27240 and 27580 to 27750

JANUARY NATURAL GAS

Resistance should appear at 3858 to 3867

Support should appear near 3743 to 3734.

                                                          THE GRANDE’ GRAINS

JAN SOYBEANS

Support should appear near 1310 to 1304 and 1289

Resistance should appear near 1322, beyond that a test of 1334.00 to 1346.00 is likely.

MARCH SOYOIL
Resistance should appear near 4238 to 4249 and 4304 to 4315
Support should appear near 4163 and 4120 to 4110

MARCH SOYMEAL

Resistance should appear near 416.3 to 418.3 and 423.8 to 424.9

Support should appear near 412.0 to 411.0 and 405.6 to 404.6
MARCH CORN

Support should appear near 424 ¾ to 423 ¾
Resistance should appear near 437 to 438 ¼

MARCH WHEAT

Resistance should appear near 665 ¾ to 667 ½

Support should appear near 635 to 633 ¾.

                                           THE LIVELY LIVESTOCK

FEB CATTLE
Support should appear near 13100 to 13040

Resistance should appear near 13237 and 13340.

FEB HOGS
Support should appear near 8957 to 8932 and 8872 to 8857

Resistance should appear near 9042 to 9062 and 9137 to 9157

APRIL HOGS

Support should appear near 9237 and 9157 to 9137
Resistance should appear near 9317 to 9347 and 9427 to 9442

JUNE HOGS

Support should appear near 9922 and 9837 to 9822

Resistance should appear near 10022 to 10037                                          

                                                        THE SATISFYING SOFTS

MARCH COFFEE

Support should appear near 10680 to 10580

Resistance should appear near 11300 to 11360

MARCH COCOA

Resistance should appear near 2820 to 2829

Support should appear near 2775 to 2758.

MARCH SUGAR

Resistance is near the 1774 to 1780.
Support should appear near 1738 to 1731 below that buyers should appear near 1696 to 1689

MARCH COTTON

Support should appear near the 7689 to 7675
Resistance is at 7939 to 7954

                                       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 November 23, 2013  9:50 PM South Florida Beach Time
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