Forex and Futures Investment Comments
Tuesday May 05 ,2015 Day Trading Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Monday May 4, 2015
11:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Nearby support is at 17,800.00 to 17,740.00
Nearby resistance is at the 18,080.00 to 18,220.00 region.
DOW JONES TRANSPORTS
Support should appear near the 8499.00 to 8484.00 region.
Resistance is at 8762.00 to 8777 and the 8856.00 to 8871.00 region
JUNE E-MINI SP500
Resistance should appear near 2126.00 to 2134.00 and the 2170.00 to 2185.00 region. BW Traders can sell at 2124.75 and initially risk a close over 2137 for three days in row.
Support should appear near 2089.00 to 2080.00
NASDAQ COMPOSITE
Resistance should appear at 5056.00 to 5067.00 and the 5127.0 to 5139.00 region. Support should appear near 4995.00 to 4973.00
JUNE E-MINI NASDAQ 100
Support should appear near 4446.00 to 4425.00
Resistance is at 4503.00 to 4514.00 and 4571.00 to 4582.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1232.0 to 1238.0 and 1253.00. Support should appear near 1203.00 to 1192.00.
JUNE 30 YR BONDS
Resistance should appear near 157-21 and 158-07
Support should appear near 153-21 and 152-07
JUNE 10 YR NOTE
Resistance should appear near 128-21 and 129-07
Support should appear near 126-22 and 125-22
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9625 to 9641
Support should appear near the 9526 and 9445 to 9429
JUNE JAPANESE YEN
Resistance should appear near 8391 to 8406
Support should appear near 8314 to 8300 and the 8223 to 8194 region.
JUNE EURO CURRENCY
Support should appear 11010 to 10960
Resistance should appear near 11300 to 11360
JUNE SWISS FRANC
Resistance should appear near 10820 and 10960 to 11010
Support should appear near 10680 and 10580
JUNE BRITISH POUND
Support should appear near 14960 to 14840.
Resistance should appear near the 15290 to 15350
JUNE CANADIAN DOLLAR
Resistance should appear near 8300 to 8314 and 8391 to 8406
Support should appear near 8223 to 8194 and 8134 to 8119
JUNE AUSSIE DOLLAR Resistance should appear near 7939 to 7954
Support should appear near 7864 to 7836
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1192 to 1203
Support should appear near 1169.0 to 1164.0
JULY COPPER Resistance should appear near 29370 and the 29720 to 29900 region.
Support should appear near 28830 to 28740 and the 28290 to 28200 region.
JULY SILVER
Support should appear near 1576 to 1569 region
Resistance is at 1689.0 to 1696.0
THE EXCITING ENERGIES
JUNE CRUDE OIL
Support should appear near 5880 to 5855 , a close under is negative and augurs for a test of
5577 to 5553.
Resistance should appear near 5945 to 5957 then 6023 to 6035
JULY CRUDE OIL
Support should appear near 5957 to 5945.
Resistance should appear near 6101 to 6113
BW Traders should go short if a close under 5944 occurs.
JUNE BRENT CRUDE OIL
Support should appear near 6350 to 6337 and 6113 to 6101.
Resistance should appear near 6659 to 6673 and the 6809 to 6836 region
JUNE HEATING OIL
Support should appear near 19460 and 19090 to 19020.
Resistance should appear 19960 then 20340 to 20420
JUNE UNLEADED GAS
Support should appear near 19960 to 19820
Resistance should appear 20800 to 20890
JUNE NATURAL GAS
Support should appear near 2.724 to 2.716. Below that a test of 2.672 to 2.663 is likely.
Resistance should appear near 2.820 to 2.829 and the 2.874 to 2.883 region
Stay tuned for Forex Flashes and Updates in all Markets
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near 944 ½ to 942 ¾
Resistance should appear near 982 ¼ to 983
NOVEMBER SOYBEANS
Support should appear near 934 ¾ to 931 ¾. Below that a test of 915 ¾ to 914 is likely.
Resistance should appear near 962 ½ to 964 ¼ and 970 ¾ to 973 ¾.
JULY SOYOIL Support should appear near 3213 to 3194
Resistance should appear near 3319 to 3328
JULY 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.
JULY CORN
Support should appear near 350 ¼ to 349 ½
Resistance should appear near 366 ¼ to 368 ¼
JULY WHEAT Support should appear near 438 ¼ to 437
Resistance should appear near 484 ½ to 485
Stay tuned for Forex Flashes and Updates in all Markets
Stay tuned for Forex Flashes and Updates in all Markets
THE LIVELY LIVESTOCK
JUNE CATTLE Support should appear near 14960 to 14840,
Resistance should appear near 15117. Beyond that sellers should appear near 15290 to 15350
AUGUST CATTLE
Support should appear near 14840 and 14717
Resistance should appear near 14960 and 15037
JUNE HOGS Support should appear near 7957 to 7932
Resistance should appear near 8300 to 8317
Stay tuned for Forex Flashes and Updates in all Markets
OCTOBER HOGS
Support should appear near 7172 to 7142
Resistance should appear near 7412 to 7427
Stay tuned for Forex Flashes and Updates in all Markets
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 13340 to 13460 and 13770 to 13830
Support should appear near 13100 to 13040 and 12740 to 12680.
JULY COCOA
Resistance should appear near 2928 to 2937. BW Traders can sell at 2927 and hold for lower prices.
Support should appear near 2724 to 2716
JULY SUGAR
Resistance is near 1268 to 1274 Support should appear near 1238 to 1232, a close under augurs for a test of 1203 to 1192
JULY COTTON
Support should appear near 6430 to 6417
Resistance is at 6659 to 6672 and the 6809 to 6836 region
Stay tuned for Forex 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 May 5, 2015 1:00 AM South Florida Beach Time
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THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES AND FOREIGN EXCHANGE TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, FOREIGN EXCHANGE AND OPTIONS. TRADING FUTURES AND FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PLEASE TRADE WITH CAPITAL YOU CAN AFFORD TO LOSE. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. NO SOLICITATION IS MADE HERE FOR INDIVIDUALS TO BUY OR SELL FUTURES CONTRACTS, FOREIGN EXCHANGE OR OPTION MARKET. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. READERS ARE SOLEY RESPONSIBLE FOR HOW THEY USE THE INFORMATION AND FOR THEIR RESULTS. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FUTURES AND FOREIGN EXCHANGE AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS, THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES AND FOREIGN EXCHANGE TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. INTERNET RISKS ; THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET BASED SERVICE INCLUDING BUT NOT LIMITED TO, FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION, FUTURESCOM EMPLOYS BACK-UP SYSTEMS AND CONTINGENCY PLANS TO MINIMIZE THE POSSIBILITY OF SYSTEM FAILURE.