Morning Investment and Day Trading Comments Wednesday March 12, 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
Observation, Experience, Memory and Mathematics. These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory…-Reminiscences of a Stock operator-
Tuesday March 11, 2014
6:00 PM, South Florida Beach Time.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear 16,275.00 and the 16,150.00 to 16090.00 region.
Resistance is at 1642.00 to 16,550.00, an extended trade over is friendly and augurs for a test of the
16,890.00 to 16,960.00 region.
JUNE E-MINI SP500
Resistance should appear near 1858.00 to 1865.00, a close over is friendly and augurs for a test of 1883.50 and the 1902.00 to 1909.00 region.
Support should appear near 1840.00and the 1822.00 to 1808.00 region
BW Traders should go long if a close 1884.00 occurs.
NASDAQ COMPOSITE
Resistance should appear near 4370.00 to 4381.00, beyond that a test of 4425.00 to 4446.00 is likely.
Support should appear near 4304.00 and the 4249.00 to 4238.00 region.
JUNE E-MINI NASDAQ 100
Support should appear near 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.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1192.00 to 1203.00, a close over is friendly and augurs for a test of the 1232.00 to 1238.00 region.
Support should appear near 1180.50 and the 1169.00 to 1164.00 region.
Stay tuned for Flashes and trade accordingly
JUNE 30 YR BONDS
Resistance should appear near 131-21 and 132-21.
Support should appear near 130-21and 130-07.
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 7954 to 7939 region, below that a test of 7864 to 7836 is likely and should bring out buyers. BW Traders can buy at 7867 and risk close under 7834 for three days in a row.
JUNE JAPANESE YEN
Resistance should appear near 9736 and 9821 to 9837
Support should appear near 9542 to 9526.
JUNE EURO CURRENCY
Support should appear near 13830 to13770.
Resistance should appear near 13910 and 13990
JUNE SWISS FRANC
Resistance should appear near 11430 and 11500
Support is near 11360 to 11300.
MARCH BRITISH POUND
Support should appear near the 16550 to 16420 region. BW Traders can buy at 16557 for a bounce and risk a close under 16417 for three days in a row.
Resistance remains near 16890 to 16960.
JUNE CANADIAN DOLLAR
Resistance should appear near 9040 to 9060
Support should appear near 8964 to 8934
JUNE 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 1361.5 and 1377.0 to 1383.0.
Support should appear near 1334.0, below that a test of 1310.0 to 1304.0 is likely.
MAY COPPER
Resistance should appear near 30360 to 30450
Support should appear near 29370 to 29280
MAY SILVER
Support should appear near the 2042 to 2034.
Resistance is at 2126 to 2134.
THE EXCITING ENERGIES
MAY CRUDE OIL
Resistance should appear near 10032 to 10037
Support should appear near 9837 to 9821
MAY BRENT CRUDE OIL
Resistance should appear near 10960 to 11010.
Support should appear near the 10680 to 10580 region
APRIL HEATING OIL
Support should appear near should appear near the 29370 to 29280 region
Resistance should appear near 30360 to 30450.
APRIL UNLEADED GAS
Support should appear 29370 to 29280 and 28830 to 28740
Resistance should appear near 29720 to 29900, a close over is friendly and augurs for a test of the 30360 to 30450 region.
MAY NATURAL GAS
Resistance should appear at 4639 to 4650 and the 4785 to 4775 region.
Support should appear near 4446 to 4425 and4381 to 4370.
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1383 to 1377 and 1346 to 1334
Resistance should appear near 1415 to1421 and 1437
JULY SOYBEANS
Support should appear near 1361 ½ and the 1346 to 1334 where buyers should appear and contain a decline.
Resistance should appear near 1399 and the 1415 to 1421 region.
MAY SOYOIL
Resistance should appear near 4370 to 4381 and 4425 to 4446
Support should appear near 4315 to 4304, below that a test of 4249 to 4238 is likely.
MAY SOYMEAL
Resistance should appear near 444 .6 and 450.3 to 451.4.
Support should appear near 438.1 to 437.0, a close under is negative and augurs for a test of the 431.5 to 430.4 region.
MAY CORN
Support should appear near 471 ¾ to 469 ½ and 451 ½ to 450 ¼
Resistance should appear near 484 ½ to 485 ¾ and 491 ½ to 492 ¾
MAY WHEAT
Resistance should appear near 665 ¾ to 667 ¼ 674 ¾ to 675 ½
Support should appear 635 to 633 ¾ and 595 ¾ to 594 ½.
THE LIVELY LIVESTOCK
APRIL CATTLE
Support is near 14210 to 14150, below that a test of 14072 is likely.
Resistance should appear near 14530 to 14590
JUNE CATTLE
Support should appear near 13460 to 13340.
Resistance should appear near 13770 to 13830
APRIL HOGS
Support should appear near 11360 to 11300
Resistance should appear near 11920 to 12030
JUNE HOGS
Support should appear near 12360 to 12320
Resistance should appear near 12537 and the 12680 to 12740 region.
THE SATISFYING SOFTS
MAY COFFEE
Resistance should appear near 22190 to 22260 and 23540 to 23700 region.
Support should appear near 19530 to 19450 and 17900 to 17740 region.
MAY COCOA
Resistance should appear near 3036 to 3045.
Support should appear near 2990 to 2972 then 2937 to 2928 and the 2883 to 2874 region.
BW Traders can buy at 2887 and hold for higher prices.
MAY SUGAR
Resistance is near 1808 to 1822 and 1858 to 1865
Support should appear near 1738 to 1731 and 1696 to 1689
MAY COTTON
Support should appear near 9060 to 9044 and 8964 to 8934.
BW Traders can buy at 8965 for a bounce and hold for higher prices.
Resistance is at 9316 to 9347, beyond that a test of 9429 to 9445 is likely
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
Tuesday March 11, 2014 8:30 PM South Florida Beach Time
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