Morning Investment and Day Trading Comments Tuesday April 22, 2014 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
“In the fields of observation chance favors only the prepared mind.” – Louis Pasture-
Monday April 21, 2014 3:00 PM, South Florida Beach Time.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,420.00 and 16,285.00. Resistance remains at 16,550.00, an extended trade over is friendly and augurs for a test of 16,720.00
JUNE E-MINI SP500
Resistance is at 1869.5 then 1874.00 and 1883.50
Support should appear near 1858.00 and 1840.00. NASDAQ COMPOSITE
Resistance should appear at 4163.00 to 4183.00.
Support should appear near 4110.00 and 4056.00 to 4046.00.
JUNE E-MINI NASDAQ 100
Support should appear near 3528.50 and 3503.00 to 3493.00 Resistance is at 3553.00 to 3563.00 and 3613.00 to 3623.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1150.00 and 1164.00 to 1169.00.
Support should appear near 1130.00 and 1115.50
BW Traders should go long if a close over 1136.50 occurs.
JUNE 30 YR BONDS
Resistance should appear near 134-07 and 134-21 Support should appear near 133-21 and 133-07
JUNE 10 YR NOTE
Resistance should appear near 124-07 and 124-21.
Support should appear near 123-07 and 122-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8029 to 8044.
Support should appear near the 7959 to 7939 region JUNE JAPANESE YEN Resistance should appear near 9821 to 9837. Support should appear near 9737 to 9706.
JUNE EURO CURRENCY
Support should appear near 13770 and 13692. Resistance should appear near 13830, beyond that a test of 13910 is likely.
JUNE SWISS FRANC
Resistance should appear near 11330 then 11360 and 11430
Support is near 11300 and 11155. JUNE BRITISH POUND
Support should appear near 16720 and the 16550 to 16420 region.
Resistance remains near the 16890 to 16960 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 9100 and 9140 to 9156 Support should appear near 9060 to 9044 and 8964 to 8934
JUNE AUSSIE DOLLAR
Support should appear near 9237 and the 9156 to 9140 region. Resistance should appear near 9316 to 9347. Beyond that a test of 9429 to 9445 is likely. Stay tuned for Forex Flashes.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1304.0 to 1310.0
Support should appear near 1289.00 and the 1274.0 to 1268.0 region.
JULY COPPER Resistance should appear near 30360 to 30450
Support should appear near 29900 and 29720.
JULY SILVER
Support should appear near 1909.0 to 1902.0
Resistance is at 1982.0 to 1996.0
THE EXCITING ENERGIES
JUNE CRUDE OIL
Resistance should appear near 10360 and 10470
Support should appear near 10320 and 10237.
JUNE BRENT CRUDE OIL Resistanceshould appear near 10960 to 11010 and 11155. Supportshould appear near 10960 and 10815.
JUNE HEATING OIL
Support should appear near should appear near 29900 to 29720 and the 29370 to 29280. Resistance should appear 30360 to 30450. Beyond that a test of 30920 to 31020 is likely.
JUNE UNLEADED GAS
Support should appear 30450 to 30360 then 30130 and 29900 to 29720.
Resistance should appear near 30680 and 30920 to 31020.
JULY NATURAL GAS
Resistance should appear 484.5 to 485.6, beyond that a test of 491.5 to 492.6 is likely
Support should appear near 471.7 to 469.5 and the 465.0 to 463.9 region.
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near 1484 then 1471 and the 1459 to 1453 region. BW Traders can buy at 1460 for a bounce and hold for higher prices.
Resistance should appear near 1496 and 1512 ½
NOVEMBER SOYBEANS Support should appear near 1218 and the 1203 to 1192 region.
Resistance should appear near the 1232 to 1238 region.
JULY SOYOIL Resistance should appear near 4370 to 4381 then 4403 and 4425 to 4446 Support should appear near 4315 to 4304 and the 4249 to 4238 region. BW Traders can buy at 4277 and hold for higher prices. JULY SOYMEAL
Resistance should appear near 477.5 to 478.5 and 484.5 to 485.6
Support should appear near 471.7 to 469.5 and 465.0 to 463.9. Trade Accordingly
JULY CORN
Support should appear near the 492 ¾ to 491 ½ region. Below that buyers should appear near 485 ¾ to 484 ½ and contain declines. Resistance should appear near 497 ¼ to 499 ½ and 505 ¾ to 506 ¾.
JULY WHEAT
Resistance should appear near 680 ¾ to 683 ¾ and 690 ¾ to 691 ¾.
Support should appear near 675 ½ to 674 ¾ and 667 ¼ to 665 ¾ Trade accordingly and Stay Tuned for Grain Flashes…
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13460 to 13340.
Resistance should appear near 13527 and 13617.
AUGUST CATTLE Support should appear near 13222 and the 13100 to 13040 region.
Resistance should appear near 13340 to 13460.
JUNE HOGS
Support should appear near 12187 and 12030 to 11920
Resistance should appear near 12320 to 12380.
AUGUST HOGS
Support should appear near 11817 which is likely to contain a decline. Resistance should appear near 12030 and 12172
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 20340 to 20420 and 20800 to 20890.
Support should appear near 19820 and 19530 to 19460
JULY COCOA
Resistance should appear near 3036 to 3045, beyond that a test of 3092 to 3102 is likely.
Support should appear near 2990 to 2972 and 2937 to 2928. BW Traders can buy at 2940 and hold for higher prices. BW Traders should go long if a close over 3047 occurs.
JULY SUGAR
Resistance is near 1774 to 1780 Support should appear near 1738 to 1731
JULY COTTON
Support should appear near 9156 to 9140 and the 9060 to 9044 region. Resistance is at 9237 and the 9316 to 9347 region. BW Traders should go long if a close over 9349 occurs. 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
Monday April 21, 2014 4:30 PM South Florida Beach Time
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