Futures Trading Investment Comments
Wednesday August 31, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Tuesday August 30th, 2016
1:45 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 18,220.00 to 18,080.00.
Resistance is at 18,580.00 to 18650.00
DOW JONES TRANSPORTS
Support should appear near 7836.00 and 7777.00 to 7763.00. Resistance should appear near 7939 to 7954
SEPT E-MINI SP500
Resistance should appear near 2185 and 2202.00 Support should appear near 2152.00 and 2134.00 to 2126.00
NASDAQ COMPOSITE
Resistance should appear near 5259.00 to 5282.000 and the 5344.00 to 5356.00 region. Support should appear near 5200.00 and the 5139.00 to 5127.00 region.
SEPT E-MINI NASDAQ 100
Support should appear near 4717.00 to 4695.00
Resistance is at 4785.00 then 4815.00 and the 4845.00 to 4856.00 region.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1253.00 and the 1268.00 to 1274.00 region.
Support should appear near 1238.00 to 1232.00 and 1217.00.
DEC 30 YR BONDS
Resistance should appear near 170-21 and 171-07.
Support should appear near 169-21 and 169-07
DEC 10 YR NOTES
Resistance should appear near 131-07 and 131-21.
Support should appear near 130-21 and 130-07
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9625 to 9641, beyond that a test of 9706 to 9737 is likely Support should appear near 9542 to 9526 and 9487.
JAPANESE YEN
Resistance should appear 9821 to 9837 Support should appear near 9641 to 9625
SEPT EURO CURRENCY
Support should appear near 11087 and 11010 to 10960. Resistance should appear near 11155 and 11227.
SEPT SWISS FRANC
Resistance should appear near 10227 and 10320 to 10360.
Support should appear near 10136 to 10104.
SEPT BRITISH POUND
Support should appear near 13040 and 12965
Resistance should appear near 13100 then 13160 and 13220.
SEPT CANADIAN DOLLAR
Resistance should appear near 7675 to 7689
Support should appear near 7601 to 7587.
SEPT AUSSIE DOLLAR Resistance should appear near 7550 and 7587 to 7601
Support should appear near 7486 and 7428 to 7414
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1322.0 and 1334.00 to1346.00
Support should appear near 1310.0 to 1304.0.
DECEMBER COPPER
Resistance should appear near 20800 to 20890 and 21260 to 21340. Support should appear near 20420 to 20340 and the 19960 to 19820 region.
DECEMBER SILVER
Resistance should appear near 1902.0 to 1909.0.
Support is at 1858.0 and 1822.0 to 1808.0.
THE EXCITING ENERGIES
OCTOBER CRUDE OIL
Support should appear near 4582 to 4571. Below that a test of 4514 to 4503 is likely.
Resistance should appear near 4695 to 4717 and 4775 to 4785
NOVEMBER CRUDE OIL
Support should appear near 4650 to 4639 and 4582 to 4571
Resistance should appear near 4775 to 4785 and 4845 to 4856.
NOVEMBER BRENT CRUDE OIL
Support should appear near 4856 to 4845 and 4785 to 4775.
Resistance should appear near 4915 to 4926 and 4973 to 4995.
OCTOBER HEATING OIL
Support should appear near 14590 to 14530 and 14210 to 14150
Resistance should appear near 14960 and 15290 to 15350
OCTOBER UNLEADED GAS
Support should appear near 13460 to 13340 and the 13100 to 13040 region.
Resistance is at 13830 then 13990 and 14150 to 14210.
OCTOBER NATURAL GAS
Support should appear near 2775 to 2758
Resistance should appear near 2874 to 2883
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near the 934 ¾ to 931 ¾ region.
Resistance should appear near 962 ½ to 964 ¼ and 970 ¾ to 973 ¾
DECEMBER SOYOIL Support should appear near 3270 to 3261 and 3213 to 3194
Resistance should appear near 3319 to 3328 and 3377 to 3386.
DECEMBER SOYMEAL
Resistance should appear near 309.2 to 310.2 and 314.8 to 315.7
Support should appear near 304.5 to 303.6 and 299.0 to 297.2
DECEMBER CORN
Support should appear 314 ¾ and the 304 ½ to 303 ¾ region.
Resistance should appear near 319 ½ to 321 ¼ and 326 ¼ to 327.
DECEMBER WHEAT Support should appear near 386 ¾ to 385 ¾ and 380 ¾ to 379 ½. Resistance should appear near 398 ¼ to 399 ¼ and 404 ¾ to 405 ¾
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 10680 to 10630 and 10580.
Resistance should appear near 10820 and 10960 to 11010
DECEMBER CATTLE
Support should appear near 10820 and 10680 to 10580.
Resistance should appear near 10960 to 11010.
OCTOBER HOGS
Resistance should appear near 6257 to 6270 and 6337 to 6352
Support should appear near 6117 to 6102 and 6035 to 6022.
DECEMBER HOGS
Resistance should appear near 5712 to 5737 and the 5792 to 5807 region.
Support should appear near 5577 to 5552 and the 5507 to 5492 region.
THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near 14590 and 14840 to 14960. Support should appear near 14210 to 14150 and the 13830 to 13770 region. DECEMBER COCOA Support should appear near 2829 to 2820 and 2775 to 2758 Resistance should appear near 2928 to 2937 and 2972 to 2990. OCTOBER SUGAR Resistance is near 2080 to 2089 and the 2126 to 2134 region Support should appear near 2034 and 1996 to 1982 DECEMBER COTTON Support should appear near 6430 to 6417 and 6350 to 6337 Resistance should appear near 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 August 30 2016 2:40 PM 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.