Day Trading and Investment Comments Tuesday October 20, 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
Monday October 20, 2014
1:00 PM South Florida Beach Time
Traders should stay nimble and stay tuned for flashes in all markets.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support is near 16,150.00 to 16,090.00
Resistance is at 16,420.00 to 16,550.00 and 16,720.00
DOW JONES TRANSPORTS
Support should appear near 8134.00 to 8119.00 and 8044.00 to 8029.00
Resistance is at 8300.00 to 8314.00 and 8391.00 to 8406.00
DECEMBER E-MINI SP500
Resistance should appear near 1902.00 to 1909.00. Beyond that sellers should appear near 1946.00 to 1953.00. Trade Accordingly
Nearby support should appear near 1865.00 to 1858.00, a close under is negative and augurs for a test of 1822.00 to 1809.00.
NASDAQ COMPOSITE
Resistance should appear at 4370.00 to 4381.00.
Support should appear near 4183.00 to 4163.00.
DECEMBER E-MINI NASDAQ 100
Support should appear near 3806.00 to 3795.00 and 3743.00 to 3734.00.
Resistance is at 3858.00 to 3867.00 and 3909.00 to 3929.00
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 1096.00 to 1101.00
Support should appear near 1068.00 and 1036.00 to 1032.00
DECEMBER 30 YR BONDS
Resistance should appear near 143-21 and 144-08.
Support should appear near 142-07 and 141-18.
DECEMBER 10 YR NOTE
Resistance should appear near 128-12 and 129-17
Support should appear near 126-22 and 126-07
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 8560 to 8589 and 8668 to 8683
Support should appear near 8499 to 8484 and 8406 to 8391
DECEMBER JAPANESE YEN
Resistance should appear near 9429 to 9445 and 9526 to 9542.
Support should appear near 9347 to 9316 and the 9156 to 9140 region.
DECEMBER EURO CURRENCY
Support should appear near 12740 to 12680 and 12530.
Resistance should appear near 12817 then 12890 and 13040 to 13100
DECEMBER SWISS FRANC
Resistance should appear near 10630 to 10680 and 10752
Support should appear near 10470.. Below that a test of 10360 to 10320 is likely.
DECEMBER BRITISH POUND
Support should appear near 16090 and 15922
Resistance should appear near 16287 and 16420 to 16550.
BW Traders can sell at 16267 and hold for lower prices.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 8871 and 8934 to 8964.
BW Traders can sell at 8933 and hold for lower prices.
Support should appear near 8777 to 8762.
DECEMBER AUSSIE DOLLAR
Support should appear near 8683 to 8668 and 8589 to 8560.
Resistance should appear near 8762 to 8777 and 8856 to 8871.
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1253.0 and 1268.0 to 1274.0
Support should appear near 1238.0 to 1232.0 and 1203.0 to 1192.0
DECEMBER COPPER
Resistance should appear near 30360 to 30450 and the 30920 to 31020 region.
Support should appear near 29370 to 29280, below that a test of 28830 to 28740 is likely.
DECEMBER SILVER
Support should appear near 1696.00 to 1689.0.
Resistance is at 1774.0 to 1780.0 and 1808.0 to 1822.0
THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Support should appear near 8044 to 8029 and 7954 to 7939
Resistance should appear near 8223 and 8300 to 8314.
DECEMBER BRENT CRUDE OIL
Resistance should appear near 8560 to 8589 and 8668 to 8683
Support should appear near 8314 to 8300 and 8044 to 8029.
DECEMBER HEATING OIL
Support should appear near 24190 to 24110 and 23700 to 23540
Resistance should appear 25110 to 25190. BW Traders can sell at 25100 and hold for lower prices.
Beyond that sellers should appear near 25520 to 25680.
DECEMBER UNLEADED GAS
Support should appear 20890 to 20800 and 20420 to 20340
Resistance should appear near 21700 to 21850 and 22190 to 22260.
DECEMBER NATURAL GAS
Resistance should appear 3.795 to 3.806 and 3.858 to 3.867
Support should appear near 3.682 to 3.663 and 3.553 to 3.563.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 934 ¾ to 931 ¾ and 915 ¾ to 914.
Resistance should appear near 962 ½ to 964 ¼ and 970 ¾ to 973 ¾
DECEMBER SOYOIL
Support should appear near 3157 to 3148, below that a test of 3102 to 3092 is likely
Resistance should appear near 3194 to 3213 and 3261 to 3270.
DECEMBER SOYMEAL
Resistance should appear near 331.9 to 332.8 and 337.7 to 338.6
Support should appear near 321.3 to 319.4 and 310.2 to 309.2.
DECEMBER CORN
Support should appear near 338 ¾ to 337 ¾ and 332 ¾ to 331 ¾
Resistance should appear near 349 ¼ to 350 ½ then 361 ¼ to 362 ¼ and 366 ¼ to 368 ¼
BW Traders can sell at 365 and hold for lower prices. Risk a close over 374 ¾ for three days in a row.
DECEMBER WHEAT
Support should appear near 499 ½ to 497 ¼ and 485 ¾ to 484 ½
Resistance should appear near 520 to 521 ¼ and 525 ¾ to 528 ¾
THE LIVELY LIVESTOCK
DECEMBER CATTLE
Support should appear near 16550 to 16420.
Resistance should appear near 16890 to 16960.
FEBRUARY CATTLE
Support should appear near 16550 to 16420
Resistance should appear near 16890 to 16960.
DECEMBER HOGS
Support should appear near 8777 to 8762 and 8682 to 8667
Resistance should appear near 9027 to 9042 and 9137 to 9162.
FEBRUARY HOGS
Support should appear near 8592 to 8562 and 8502 to 8482
Resistance should appear near 8762 to 8782 and 8932 to 8967.
APRIL HOGS
Support should appear near 8682 to 8667 and 8592 to 8562.
Resistance should appear near 8857 to 8872 and 8932 to 8962.
THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near 19820 to 19960 then 20340 to 20420 and 20800 to 20890
Support should appear near 19530 to 19460 and 19090 to 19020
DECEMBER COCOA
Resistance should appear near 3148 to 3157 then 3194 to 3223 and the 3319 to 3326 region.
BW Traders can sell at 3312 and risk a close over 3342 for three days in a row.
Support should appear near 3045 to 3036
MARCH SUGAR
Resistance is near 1689 to 1696 and 1731 to 1738
Support should appear near 1655 to 1642 and 1615 to 1609.
DECEMBER COTTON
Support should appear near 6190 to 6165.. Below that a test of 6035 to 6023 is likely.
Resistance is at 6337 to 6350 and 6417 to 6430.
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 October 20, 2014 2:45 PM South Florida Beach Time
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