Morning Investment and Day Trading Comments Monday February 3, 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
“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 ”
Sunday February 02, 2014
4:00 AM, South Florida Beach Time.
An economic calendar is attached to today’s letter. U.S Stocks closed lower last week. Major U.S stock averages are down on the year. The Dow Jones Industrial Average and SP500 generally tend to begin the year a bit sloppy and typically firm into March. Traders should stay nimble and tune in for additional analysis, BW flashes, Updates and Day Trades for all markets.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 15,520.00 and the 15,350.00 to 15,290.00 region.
Resistance is at 15,760.00 then 15925.00 and the16.090.00 to 16,150.00 region.
MARCH E-MINI SP500
Resistance should appear near 1780.00 then 1794.00 and the 1808.00 to 1822.00 region.
Support should appear near 1774.00 then 1756.00 and the 1738.00 to 1731.00 region.
NASDAQ COMPOSITE
Resistance should appear near 4110.00 to 4120.00 and the 4163.00 to 4183.00 region.
Support should appear near 4083.00 and the 4056.00 to 4046.00 region.
MARCH E-MINI NASDAQ 100
Support should appear near 3503.00 to 3493.00 and the 3443.00 to 3425.00 region.
Resistance is at 3553.00 to 3563.00 and 3613.00 to 3623.00
MARCH E-MINI RUSSELL 2000
Resistance should appear at 1130.00 to 1136.00 and the 1164.00 to 1169.00 region.
Support should appear near 1115.50 and 1101.00 to 1096.00
Stay tuned for Flashes and trade accordingly
MARCH 30 YR BOND
Resistance should appear near 134-07 and 134-21.
Support should appear near 133-07 and 132-21.
MARCH 10 YR NOTE
Resistance should appear near 126-07. Beyond that 126-21 should cap a rally.
Support should appear near 125-07 and 124-21
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near the 8194 to 8223 region.
Support should appear near 8134 to 8119 and 8044 to 8029
MARCH JAPANESE YEN
Resistance should appear near 9821 to 9837 and 9921 to 9937
Support should appear near 9737 to 9706 below that an eventual test of 9347 to 9316 is likely.
Stay tuned for Flashes.
MARCH EURO CURRENCY
Support should appear near 13460 to 13340 region.
Resistance should appear near 13530 and 13615
MARCH SWISS FRANC
Resistance should appear near 11087 and 11155.
Support is near 11010 to 10960. Below that a test of 10820 is likely.
MARCH BRITISH POUND
Support should appear near 16420 then 16357 and 16277.
Resistance remains near 16550. Beyond that a test of 16720 and 16890 to 16960 is likely
Stay tuned for flashes.
MARCH CANADIAN DOLLAR
Resistance should appear near 9044 to 9060, beyond that a test of 9140 to 9156 is likely and should cap a rally. BW Traders can sell at 9137 and risk a close over 9157 for three days in a row.
Support should appear near the 8964 to 8934 region. Below that a trade toward 8871 to 8856 is likely.
MARCH AUSSIE DOLLAR
Support should appear near 8683 to 8668, failure to hold is negative and augurs for a test of 8589 to 8560 and eventually the 8314 to 8300 region.
Resistance should appear near 8762 to 8777 and 8856 to 8871. Beyond that sellers should appear near 9044 to 9060.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1268.0 to 1274.0 and 1304.0 to 1310.0
Support should now appear near 1238.0 to 1232.0, below that some buyers should appear near 1203.0 to 1192.0, failure to hold is negative and augurs for a test of 1136.0 to 1130.0.
MARCH COPPER
Resistance should appear near 32140, a close over is friendly and augurs for a test of 32610 to 32700
Support should appear near 31940 and the 31570 to 31480 region.
MARCH SILVER
Support should appear near 1909 to 1902, below that a test of 1865 to 1858 is likely
Resistance is at 1946 to 1953 and 1982 to 1996
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 9821 to 9837, beyond that a test of 9921 to 9937 is likely
Support should appear near 9737 to 9706 and the 9542 to 9526 region.
MARCH BRENT CRUDE OIL
Resistance should appear near 10680 and 10820.
Support should appear near 10580 region failure to hold is negative and augurs for a test of 10360 to 10320. Where buyers should appear and contain declines.
MARCH HEATING OIL
Support should appear near should appear near 29900 to 29720 and 29370 to 29280 region.
Resistance should appear the 30360 to 30450 region.
MARCH UNLEADED GAS
Nearby Support should appear 26200 to 26120 and 25680 to 25520.
Resistance should appear near 27160 to 27240 and 27580 to 27750
MARCH NATURAL GAS
Resistance should appear at 4973 to 4995 and 5056 to 5067.
Support should appear near 4926 to 4915 and 4856 to 4845
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1274 to 1268, below that a test of 1253 and the 1236 to 1232 region is likely.
Resistance should appear near 1289 and the 1304 to 1310 region.
Trade Accordingly…
MARCH SOYOIL
Resistance should appear near 3858 to 3867 and 3909 to 3929.
Support should appear near 3743 to 3734 and the 3682 to 3663 region which should contain a decline.
MARCH SOYMEAL
Resistance should appear near 430.4 to 431.5 and the 437.0 to 438.1 region.
Support should appear near 424.9 to 423.8 and 418.3 to 416.3.
MARCH CORN
Support should appear near the 431 ½ to 430 ½ , below that a test of the 424 ¾ to 423 ¾ region is likely
Resistance should appear near 437 to 438 ¼ and the 442 ½ to 444 ¾ region.
MARCH WHEAT
Resistance should appear near 564 to 565 ¼ and 571 ¾ to 572 ¾.
Support should appear the 550 ¼ to 549 ¼ region. Below that a test of 535 ¾ to 534 ½ region is likely.
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THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13830 to 13770
Resistance should appear near 14150 to 14210.
JUNE CATTLE
Support should appear near 13100 to 13040
Resistance should appear near the 13340 to 13460.
FEB HOGS
Support should appear near 8590 to 8560 and 8502 to 8482.
Resistance should appear near 8662 to 8682. Beyond that sellers should appear near 8762 to 8777
APRIL HOGS
Support should appear near 9447 to 9427 and 9347 to 9317, a close under is negative and augurs for a test of 9157 to 9142 and the 9062 to 9042 region.
Resistance should appear near 9527 to 9542 region. Beyond that sellers should appear near 9622 to 9642.
JUNE HOGS
Support should appear near 10472 and 10362 to 10322
Resistance should appear near 10580 to 10680
Stay tuned for Livestock flashes.
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 12380 to 12320
Resistance should appear 12680 to 12740
MARCH COCOA
Resistance should appear near 2928 to 2937 and the 2972 to 2990 region.
Support should appear near 2883 to 2874 and 2829 to 2820
MARCH SUGAR
Resistance is near 1569 to 1576. Beyond that sellers should appear near 1609 to 1615.
Support should appear near 1535 to 1529 and the 1496 to 1484 region, below that a test of 1459 to 1453 is likely.
MARCH COTTON
Support should appear near 8560 and the 8499 to 8484 region.
Resistance is at 8762 to 8777 and the 8856 to 8871 region. Beyond that a test of 8934 to 8964 is likely
Stay tuned for flashes.
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 02, 2014 4:00 PM South Florida Beach Time
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