Morning Investment and Day Trading Comments Monday March 03, 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 March 02, 2014
3:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear 16,150.00 to 16,090.00.
Resistance is at the 16,420.00 to 16,550.00 region.
MARCH E-MINI SP500
Resistance should appear near 1882.00 and the 1902.00 to 1909.00 region.
Support should appear near 1849.00 and 1840.00. Below that the 1822.00 to 1808.00 region should hold.
NASDAQ COMPOSITE
Resistance should appear near 4370.00 to 4381.00
Support should appear near 4276.50 and the 4249.00 to 4238.00 region.
MARCH E-MINI NASDAQ 100
Support should appear near 3682.00 to 3663.00 and the 3623.00 to 3613.00 region.
Resistance is at 3734.00 to 3743.00 beyond that a test of 3795.00 to 3806.00 is likely
MARCH E-MINI RUSSELL 2000
Resistance should now appear at 1192.00 to 1203.00, beyond that a trade towards 1217.50 is likely
Support should appear near the 1169.00 to 1164.00 region.
JUNE 30 YR BONDS
Resistance should appear near 133-21 and 134-07
Support should appear near 132-21 and 132-07
JUNE 10 YR NOTE
Resistance should appear near 125-07 and 125-21
Support should appear near 124-07 and 123-21
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 8029 to 8044.
Support should appear near 7954 to 7939
MARCH JAPANESE YEN
Resistance should appear near 9873 and 9921 to 9937
Support should appear near 9737 to 9706 and 9641 to 9625
MARCH EURO CURRENCY
Support should appear near 13770, a close under is negative and augurs for a test of 13460 to 13340.
Resistance should appear near 13830 and 13990
MARCH SWISS FRANC
Resistance should appear near 11500 and the 11640 to 11690 region.
Support is near 11360 to 11300 and 11155
MARCH BRITISH POUND
Support should appear near 16550 to 16420.
Resistance remains near 16890 to 16960.
MARCH CANADIAN DOLLAR
Resistance should appear near 9140 to 9156
Support should appear near 8964 to 8934
MARCH AUSSIE DOLLAR
Support should appear near 8871 to 8856 and 8777 to 8762
Resistance should appear near 8934 to 8964 and 9044 to 9060
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1334.0 to 1346.0.
Beyond that sellers should appear near 1377.0 to 1383.0.
Support should appear near 1310.0 to 1304.0, below that a test of 1289 is likely.
MAY COPPER
Resistance should appear near 32610 to 32700
Support should appear near 31570 to 31480
MAY SILVER
Support should appear near 2089 to 2080, below that a test of 2042 to 2034 is likely
Resistance is at 2170 to 2185 and 2219 to 2226
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near the 10320 to 10360
Support should appear near 10136 to 10101
APRIL BRENT CRUDE OIL
Resistance should appear near 10960 to 11010 and 11155.
Support should appear near 10820 and the 10680 to 10580 region.
APRIL HEATING OIL
Support should appear near should appear near 29900 to 29720
Resistance should appear the 30920 to 31020.
APRIL UNLEADED GAS
Support should appear the 29370 to 29280 region
Resistance should appear near 30360 to 30450
APRIL NATURAL GAS
Resistance should appear at 4845 to 4856
Support should appear near 4315 to 4304
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1383 to 1377, a close under is negative and augurs for a test the 1334 to 1346 region.
Resistance should appear near 1415 to 1421 and 1453 to 1459
JULY SOYBEANS
Support should appear near 1377 and 1346 to 1334
Resistance should appear near 1415 to 1421
MAY SOYOIL
Resistance should appear near 4238 to 4249.
Support should appear near 4120 to 4110.
MAY SOYMEAL
Resistance should appear near 463.9 to 465.0 and 469.5 to 471.7
Support should appear near 451.4 to 450.3 and 444.6 to 442.5.
MAY CORN
Support should appear near 451 ½ to 450 ¼
Resistance should appear near 477 ½ to 478 ½
MAY WHEAT
Resistance should appear near 610 ¼ to 611 ¼ and 616 ½ to 619
Support should appear 595 ¾ to 594 ½ and 580 ½ to 579 ½.
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 14210 to 14150.
Resistance should appear near 14530 to 14590
JUNE CATTLE
Support should appear near 13340, below that a test of 13100 to 13040 is likely
Resistance should appear near 13460 and 13517
APRIL HOGS
Support should appear near 10680 to 10580 and 10360 to 10320
Resistance should appear near 10817 and 10960 to 11010
JUNE HOGS
Support should appear near 11010 to 10960.
Resistance should appear near 11300 to 11360
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 17380 to 17310 and 16960 to 16890.
Resistance should appear 19020 to 19090 and 20340 to 20420
MAY COCOA
Resistance should appear near the 2972 to 2990 region.
Support should appear near 2883 to 2874.
MAY SUGAR
Resistance is near 1774 to 1780 and 1808 to 1822
Support should appear near 1738 to 1731 and 1696 to 1689
MAY COTTON
Support should appear near 8683 to 8668 and 8589 to 8560
Resistance is at 8856 to 8871 and 8934 to 8964.
-A Ship in Harbor is Safe…But that is not what ships are built for –
Happy Trading!
Bill wil@futurescom.com
Sunday March 2, 2014 4:30 PM South Florida Beach Time
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