Morning Investment and Day Trading Comments Tuesday February 11, 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
“We can easily forgive a child who is afraid of the dark. The real tragedy of life is when men are afraid of the light.” — Plato —
Monday February 10, 2014
3:00 PM, South Florida Beach Time.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 15,760.00 to 15,690.00 and the 15,350.00 to 15,290.00 region.
Resistance is at 15,925.00 and the 16.090.00 to 16,150.00 region.
MARCH E-MINI SP500
Resistance should appear near 1808.00 to 1822.00 , beyond that a test of the 1858.00 to 1865.00 region is likely
Support should appear near 1794.00 and the 1780.00 to 1774.00 region.
NASDAQ COMPOSITE
Resistance should appear near 4163.00 to 4183.00. Beyond that a test of 4238.00 to 4249.00 is likely to occur.
Support should appear near the 4120 to 4110 region. Below that buyers should appear near the 4056.00 to 4046.00 region and contain a decline.
MARCH E-MINI NASDAQ 100
Support should appear near 3563.00 to 3553.00 and the 3503.00 to 3493.00 region.
Resistance is at 3613.00 to 3623.00, beyond that a test of 3663.00 to 3682.00 is likely.
MARCH E-MINI RUSSELL 2000
Resistance should now appear at 1130.00 to 1136.00. Beyond that a test of 1164.00 to 1169.00 is likely.
Support should appear near 1115.50 and the 1101.00 to 1096.00 region.
Stay tuned for Flashes and trade accordingly
MARCH 30 YR BONDS
Resistance should appear near 133-21 then 134-07 and 134-21.
Support should appear near 132-21 and 132-07. Below that 131-07 and 130-07 should contain a decline.
MARCH 10 YR NOTE
Resistance should appear near 126-07 and 126-21. Beyond that 127-07 should bring out sellers and cap rallies.
Support should appear near 125-07 and 124-21 below that buyers should appear near 124-07 and 123-21 where buyers should step in and contain a decline.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near the 8119 to 8134 region. A sustained trade or close over is friendly and augurs for a test of 8194 to 8223.
Support should appear near 8044 to 8029, which should hold for now. Below that buyers should appear near 7991 and the 7954 to 7939 region.
MARCH JAPANESE YEN
Resistance should appear near 9821 to 9837 and 9921 to 9937
Support should appear near 9737 to 9706 , a close under is negative.. below that an eventual test of 9347 to 9316 is likely. Stay tuned for Flashes.
MARCH EURO CURRENCY
Support should appear near 13615 and the 13460 to 13340 region where buyers should appear and contain a decline.
Resistance should appear near 13690 and the 13770 to 13830 region.
Stay tuned for Flashes…
MARCH SWISS FRANC
Resistance should appear near 11227 and the 11300 to 11360 region, where sellers should appear and cap rallies.
Support is near the 11010 to 10960 region. Failure to hold is negative for an eventual test of 10820
MARCH BRITISH POUND
Support should appear near 16357 and 16277. Below that 16150 to 16090 should contain declines.
Resistance remains near 16420 to 16550. Beyond that a test of 16720 is likely
Stay tuned for flashes.
MARCH CANADIAN DOLLAR
Resistance should appear near 9044 to 9060 and 9140 to 9156.
Support should appear near the 8964 to 8934 region.
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.
Pick Your Poison…
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1304 to 1310.
Support should appear near 1274.00 to 1268.00 and 1253.0.
MARCH COPPER
Resistance should appear near 32610 to 32700
Support should appear near 32130 to 31940 and the 31570 to 31480 region.
MARCH SILVER
Support should appear near 1996 to 1982 and the 1953 to 1946 region.
Resistance is at 2034 to 2042 and 2080 to 2089.
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near 9937 to 9921 and 9837 to 9821.
MARCH BRENT CRUDE OIL
Resistance should appear near 10960 to 11010.
Support should appear near 10820 and the 10680 to 10580 region
MARCH HEATING OIL
Support should appear near should appear near 29900 to 29720 and 29370 to 29280 region.
Resistance should appear 30360 to 30450 and the 30920 to 31020 region.
MARCH UNLEADED GAS
Nearby Support should appear 27240 to 27160 and 26720 to 26630.
Resistance should appear near 27580 to 27750, a close or extended trade over is friendly and augurs for a test of 28200 to 28290.
MARCH NATURAL GAS
Resistance should appear at 4695 to 4717 and 4845 to 4846.
Support should appear near 4514 to 4503 and the 4446 to 4425 region.
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1310 to 1304 then 1289 and the 1274 to 1268 region.
Resistance should appear near 1321 and the 1334 to 1346 region.
MAY SOYOIL
Resistance should appear near 3909 to 3929. Beyond that sellers should appear near 3982 to 3992.
Support should appear near 3806 to 3795, below that buyers should appear near 3743 to 3734.
BW Traders can buy at 3747 and hold for higher prices.
MAY SOYMEAL
Resistance should appear near 430.4 to 431.5 and the 437.0 to 438.1 region.
Support should appear near 412.0 to 411.0 and the 405.6 to 404.6 region.
MAY CORN
Support should appear near 438 ¼ to 437 and the 424 ¾ to 423 ¾ region.
Resistance should appear near 450 ¼ to 451 ½, beyond that sellers should appear near 463 ¾ to 465.
MAY WHEAT
Resistance should appear near 594 ½ to 595 ¾ and 602 ¼ to 603 ½.
Support should appear 580 ½ to 579 ¾ and 565 ½ to 564.
Stay tuned for Grain Flashes.
THE LIVELY LIVESTOCK
APRIL CATTLE
Support remains near 13830 to 13770.
Resistance should appear near 14150 to 14210
JUNE CATTLE
Support should appear near 13100 to 13040
Resistance should appear near 13217 and 13340 to 13460
APRIL HOGS
Support should appear near 9447 to 9427 and the 9347 to 9317 region. 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 and cap rallies.
Aggressive BW Traders should go short if a close under 9412 occurs.
JUNE HOGS
Support should appear near 10472 and 10362 to 10317.
Resistance should appear near 10577 to 10682 and 10817
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 13770 then 13460 to 13340 and the 13100 to 13040 region.
BW Traders can buy at 13125 and hold for higher prices.
Resistance should appear 14150 to 14210 and the 14530 to 14590 region.
MAY COCOA
Resistance should appear near the 2972 to 2990 region.
Support should appear near 2883 to 2874.
MAY SUGAR
Resistance is near 1609 to 1615 and the 1642 to 1655 region.
Support should appear near 1576 to 1569, below that a test of 1535 to 1529 is likely.
MAY COTTON
Support should appear near the 8762 and the 8683 to 8668 region.
BW Traders can buy at 8685 for a bounce and hold for higher prices.
Resistance is at 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
Monday February 10, 2014 4:10 PM South Florida Beach Time
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