Day Trading and Investment Comments Wednesday October 8, 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
“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” –Thomas A. Edison–
Tuesday October 07, 2014
12:00 Noon, South Florida Beach Time
Traders should stay nimble and stay tuned for flashes.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support is near the 16,720.00 and 16,550.00 to 16,420.00 region.
Resistance is at 16,890.00 to 16,960.00 and 17,135.00.
DOW JONES TRANSPORTS
Support should appear near 8223.00 to 8194.00 and 8044.00 to 8029.00
Resistance is at 8314.00 and 8391.00 to 8406.00.
DECEMBER E-MINI SP500
Resistance is at 1953.00 and 1967.50
Support should appear near 1927.50 and 1909.00 to 1902.00
NASDAQ COMPOSITE
Resistance should appear at 4503.00 to 4514.00 and 4571.00 to 4582.00
Support should appear near the 4381.00 to 4370.00 and 3415.00 to 4304.00
DECEMBER E-MINI NASDAQ 100
Support should appear near 3929.00 to 3909.00 and 3867.00 to 3858.00
Resistance is at 4046.00 to 4056.00 and 4110.00 to 4120.00.
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 1096.00 to 1101.00 and 1115.50.
Support should appear near 1068.00 to 1058.00.
DECEMBER 30 YR BONDS
Resistance should appear near 140-21 and 141-07 and 141-21.
BW Traders can sell at 141-17 and hold for lower prices.
Support should appear near 139-21 and 139-07
DECEMBER 10 YR NOTE
Resistance should appear near 126-07 and 126-21
Support should appear near 125-12 and 124-22.
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 8668 to 8683.
Support should appear near 8560 and 8499 to 8484
DECEMBER JAPANESE YEN
Resistance should appear near 9316 to 9347.
BW Traders can sell at 9307 and hold for lower prices.
Support should appear near 9156 to 9140.
DECEMBER EURO CURRENCY
Support should appear near 12605 then 12530 and 12380 to 12320
Resistance should appear near the 12680 to 12740 region.
DECEMBER SWISS FRANC
Resistance should appear near 10470 and 10580 to 10630
Support should appear near 10360 to 10320.
BW Traders should go short if a close under 10317 occurs.
DECEMBER BRITISH POUND
Support should appear near 15922 and 15760 to 15690
Resistance should appear near the 16090 to 16150 region.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 8964 and 9044 to 9060.
BW Traders can sell at 9003 and hold for lower prices.
Support should appear near 8871 to 8856.
DECEMBER AUSSIE DOLLAR
Support should appear near 8683 to 8668 and 8589 to 8560.
Resistance should appear near 8856 to 8871. BW Traders can sell at 8855 and hold for lower prices.
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1217.0 and 1232.0 to 1238.0
Support should appear near 1203.0 to 1192.0
DECEMBER COPPER
Resistance should appear near 30360 to 30450 and 30920 to 31020.
Support should appear near 29370 to 29280.
DECEMBER SILVER
Support should appear near 1696.00 to 1689.0 and 1655.0 to 1642.0.
Resistance is at 1731.0 to 1738.0 and 1774.0 to 1780.0
THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Support should appear near 8777 to 8762 and the 8589 to 8560 region.
Resistance should appear near 8856 to 8871 then 8934 to 8964 and the 9044 to 9060 region.
BW Traders can sell at 9043 and hold for lower prices.
DECEMBER BRENT CRUDE OIL
Resistance should appear near 9316 to 9346 and 9429 to 9445.
Support should appear near 9156 to 9140 and 9060 to 9044.
NOVEMBER HEATING OIL
Support should appear near should appear near 25680 to 25520 and the 25190 to 25110 region.
Resistance should appear 26120 to 26200 and 26630 to 26720
NOVEMBER UNLEADED GAS
Support should appear the 23220 to 23150 and 22750 to 22670.
Resistance should appear near 24110 to 24190 and 24610 to 24690.
NOVEMBER NATURAL GAS
Resistance should appear 3.982 to 3.992 and 4.046 to 4.056
Support should appear near 3.867 to 3.858 and 3.553 to 3.563.
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 944 ¼ to 942 ¾ and 934 ½ to 931 ¾
Resistance should appear near 942 ¾ to 944 ¼ and 952 ¾ to 954
DECEMBER SOYOIL
Support should appear near 3213 to 3194.
Resistance should appear near the 3377 to 3386 region.
DECEMBER SOYMEAL
Resistance should appear near 314.8 to 315.7 and 319.4 to 321.3
Support should appear near 304.5 to 303.6 and 299.0 to 297.2
DECEMBER CORN
Support should appear near 321 ¼ to 319 1/43 and 310 ¼ to 309 ¼
Resistance should appear near 342 ½ to 344 ¼ and 349 ¼ to 350 ½
DECEMBER WHEAT
Support should appear near 478 ½ to 477 ¾ and 458 ¼ to 457 ¼
Resistance should appear near 505 ¾ to 506 ¾ and 512 ¾ to 513 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 9347 to 9322 and 9157 to 9137
Resistance should appear near 9527 to 9542 then 9622 to 9642 and 9707 to 9737
FEBRUARY HOGS
Support should appear near 9067 to 9042 and 8967 to 8932
Resistance should appear near 9237 then 9317 to 9347 and the 9427 to 9447 region.
BW Traders can sell at 9407 and risk a close over 9557 for three days in a row.
April Hogs
Support should appear near 9157 to 9137 and 9062 to 9042.
Resistance should appear near 9317 to 9347 and 9427 to 9442
THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near 21700 to 21850 then22190 to 22260 and 22670 to 22750
Support should appear near 21340 to 21260 and 20890 to 20800.
DECEMBER COCOA
Resistance should appear near 3092 to 3102 and 3148 to 3157. BW Traders can sell at 3144 and hold for lower prices, risk a close over 3162 for three days in a row.
Support should appear near 3045 to 3036, below that a test of 2990 to 2972 is likely
MARCH SUGAR
Resistance is near 1731 to 1738 region.
Support should appear near 1655 to 1642
DECEMBER COTTON
Support should appear near 6350 to 6337 and 6190 to 6165
Resistance is at 6659 to 6673 and 6743 to 6755.
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 October 07, 2014 2:15 PM South Florida Beach Time
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