Morning Investment and Day Trading Comments Thursday April 10, 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
“A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”
Wednesday April 09, 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 is at 16,550.00 and 16,720.00
JUNE E-MINI SP500
Resistance is at 1883.50 and the 1902.00 to 1909.00 region.
Support should appear 1865.00 to 1858.00 and 1851.50
NASDAQ COMPOSITE
Resistance should appear at 4238.00 to 4249.00
Support should appear near 4183.00 to 4163.00 and 4142.00
JUNE E-MINI NASDAQ 100
Support should appear near 3588.00 and the 3563.00 to 3553.00 region.
Resistance is at 3613 to 3623, beyond that a test of 3663.00 to 3682.00 is likely.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1164.00 to 1169.00 and the 1192.00 to 1203.00 region.
Support should appear near 1150.00 and the 1136.00 to 1130.00 region.
JUNE 30 YR BONDS
Resistance should appear near 133-21 and 134-07
Support should appear near 133-07 and 132-21.
JUNE 10 YR NOTE
Resistance should appear near 124-21 and 125-07.
Support should appear near 123-21 and 123-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7991 and the 8029 to 8044.
Support should appear near 7954 to 7939
JUNE JAPANESE YEN
Resistance should appear near 9837 then 9879 and 9921 to 9937
Support should appear near 9783 and 9737 to 9706
JUNE EURO CURRENCY
Support should appear near 13830 to 13770 and 13731
Resistance should appear near 13910 and 13987.
JUNE SWISS FRANC
Resistance should appear near 11430 and 11500
Support is near 11360 to 11300
JUNE BRITISH POUND
Support should appear near 16720 then 16637 and the 16550 to 16420 region.
Resistance should appear near the 16890 to 16960 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 9237 and 9316 to 9347
Support should appear near 9156 to 9140
JUNE AUSSIE DOLLAR
Support should appear near 9316 and 9237.
Resistance should appear near 9347 then 9388 and 9429 to 9445
Stay tuned for Forex Flashes.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near the 1334.0 to 1346.0 region.
Support should appear near 1310 to 1304.0 and 1289.0.
MAY COPPER
Resistance should appear near 30920 to 31020, beyond that a test of 31480 to 31570 is likely.
Support should appear near 30450 to 30360 and 29900 to 29720.
MAY SILVER
Support should appear near 1982 and 1953 to 1946.
Resistance is at 2034 to 2042 and 2060 to 2089
THE EXCITING ENERGIES
MAY CRUDE OIL
Resistance should appear near 10360, beyond that a test of 10415 is likely
Support should appear near the 10320 and 10228.
JUNE CRUDE OIL
Resistance should appear near 10235 and 10320 to 10360
Support should appear near 10187 and 10136 to 10104
JUNE BRENT CRUDE OIL
Resistance should appear near 10815 and 10960 to 11010
Support should appear near 10751 and 10680 to 10630.
MAY HEATING OIL
Support should appear near should appear near 29370 to 29280 and 28830 to 28740.
Resistance should appear 29720 to 29900.
MAY UNLEADED GAS
Support should appear near should appear near 29900 to 29720 and 29545.
Resistance should 30130, beyond that a test of 30360 to 30450 is likely.
MAY NATURAL GAS
Resistance should appear at 4571 to 4582, beyond that a test of 4639 to 4650 is likely.
Support should appear near 4514 to 4503 and 4446 to 4425
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1484 then 1471 1/2 and the 1459 to 1453 region.
Resistance should appear near 1512 ½ and 1529 to 1535.
JULY SOYBEANS
Support should appear near 1471 ½ and 1459 to 1453.
Resistance should appear near the 1484 to 1496 region
NOVEMBER SOYBEANS
Support should appear near 1216 ½ and 1203 to 1192.
Resistance should appear near 1232 to 1238, beyond that a test of 1253 is likely.
JULY SOYOIL
Resistance should appear near 4315 then 4352 and 4370 to 4381
Support should appear near 4304 and 4249 to 4238
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 506 ¾ to 505 ¾ and 499 ½ to 497 ¼ region.
Resistance should appear near 512 ¾ to 513 ¾ and 520 to 521 ¼.
JULY WHEAT
Resistance should appear near 680 ¾ to 683 ¾ and 690 ¾ to 691 ½
Support should appear 675 ½ to 674 ¾ and 667 ¼ to 665 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13537 and 13460 to 13340
Resistance should appear near 13617 and 13687.
AUGUST CATTLE
Support should appear near 13100 to 13040
Resistance should appear near 13340 to 13460.
JUNE HOGS
Support should appear near 12030 to 11920
Resistance should appear near 12320 to 12380
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 20340 to 20420 and 20800 to 20890
Support should appear near 19960 to 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 should go long if a close over 3047 occurs
JULY SUGAR
Resistance is near 1731 to 1738
Support should appear near 1696 to 1689
JULY COTTON
Support should appear near 9100 and 9060 to 9044
Resistance is at 9140 to 9156 and 9237. Beyond that a test of 9316 to 9347 is likely.
BW Traders should go long if a close over 9239 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
Wednesday April 09, 2014 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.
Terms of Use and Agreement https://www.futurescom.com/policies.html FuturesCom Investment Publications © 1996 – 2014 All Rights Reserved
