Futures Trading Investment Comments
Wednesday July 6, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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“A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”
Tuesday July 5, 2016
2:30 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,800.00 to 17,740.00 and 17,560.00
Resistance is at 17,940.00 and the 18,080.00 to 18,220.00 region.
DOW JONES TRANSPORTS
Support should appear near the 7342.00 to 7328.00 region. Resistance should appear near the 7587.00 to 7601 region.
SEPT E-MINI SP500
Resistance should appear at 2080.00 to 2089.00 and 2107.50.
Support should appear near 2061.00 and 2042.00 to 2034.00.
NASDAQ COMPOSITE
Resistance should appear 4845.00 to 4856.00 and 4915.00 to 4926.00.
Support should appear near 4785.00 to 4775.00 and the 4717.00 to 4695.00 region.
SEPT E-MINI NASDAQ 100
Support should appear near 4381.00 to 4370.00 and 4315.00 to 4304.00.
Resistance is at 4425.00 to 4446.00 and 4503.00 to 4514.00
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1150.00 and 1164.00 to 1169.00
Support should appear near the 1101.00 to 1096.00 region.
SEPT 30 YR BONDS
Resistance should appear near 177-21 and 178-07.
Support should appear near 175-21 and 174-21.
SEPT 10 YR NOTES
Resistance should appear near 134-07 and 134-21.
Support should appear near 133-07 and 132-21
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9673 and 9706 to 9737. Support should appear near 9583 and 9542 to 9526.
JAPANESE YEN
Resistance should appear 9921 to 9937 and 10021 to 10037. Support should appear near 9837 to 9821 and 9737 to 9706.
SEPT EURO CURRENCY
Support should appear near 11010 to 10960. Resistance should appear near 11227 and 11227.
SEPT SWISS FRANC
Resistance should appear near 10320 to 10360 and 10470.
Support should appear near 10136 to 10104 and 10037 to 10021.
SEPT BRITISH POUND
Support should appear near 12890 and 12740 to 12680
Resistance should appear near 13100 and 13220.
SEPT CANADIAN DOLLAR
Resistance should appear near 7763 to 7777.
Support should appear near 7689 to 7675 and 7651.
BW Traders should go short if a close under 7673 occurs
SEPT AUSSIE DOLLAR Resistance should appear near 7486 to 7513
Support should appear near 7428 to 7414, a close under augurs for a test of the 7342 to 7328 region.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near the 1377 to 1383 and the 1415 to 1421 region.
Support should appear near 1346 to 1334 and 1310 to 1304.
SEPT COPPER
Resistance should appear 22190 to 22260 and the 22670 to 22750 region.
Support should appear near 21700 and the 20890 to 20800 region.
SEPT SILVER
Resistance should appear near 2034 to 2042 and the 2126 to 2134 region.
Support is at 1953.0 to 1946.0 and 1909.0 to 1902.0.
THE EXCITING ENERGIES
AUGUST CRUDE OIL
Support should appear near 4582 to 4571 and 4514 to 4503.
Resistance should appear near 4695 to 4717 and 4775 to 4785
SEPTEMBER CRUDE OIL
Support should appear near 4717 to 4695 and 4650 to 4639.
Resistance should appear near 4775 to 4785 and 4845 to 4856
SEPTEMBER BRENT CRUDE OIL
Support should appear near 4785 to 4775 and 4717 to 4695.
Resistance should appear near 4845 to 4856 and 4915 to 4926
AUGUST HEATING OIL
Support should appear near 14210 to 14150. Below that a test of 13830 to 13770 is likely.
Resistance should appear 14530 to 14590 and 14840 to 14960.
AUGUST UNLEADED GAS
Support should appear near 13830 to 13770 and the 13460 to 13340 region.
Resistance should appear near 14370 and the 14530 to 14590 region.
AUGUST NATURAL GAS
Support should appear near 2672 to 2663 and 2620 to 2612.
Resistance should appear near 2820 to 2829 and 2874 to 2883.
THE GRANDE’ GRAINS
AUGUST SOYBEANS
Support should appear near 1101 to 1096 and 1068 to 1058.
Resistance should appear near 1130 to 1136 and 1150.
NOVEMBER SOYBEANS
Support should appear near 1068 to 1058 and 1047
Resistance should appear near 1082 and 1096 to 1101
AUGUST SOYOIL Support should appear near 3045 to 3036.
Resistance should appear near 3102 and 3148 to 3157.
AUGUST SOYMEAL
Resistance should appear near 386.7 and 390.9 to 392.9
Support should appear near 368.2 to 366.3 and 362.3 to 361.3
SEPTEMBER CORN
Support should appear near the 338 ¾ to 337 ¾ and 332 ¾ to 331 ¾.
Resistance should appear near 355 ¼ to 356 ¼ and 361 ¼ to 362 ¼
SEPTEMBER WHEAT Support should appear near 424 ¾ to 423 ¾ and 405 ¾ to 404 ¾.
Resistance should appear near 437 to 438 ¼ and the 442 ½ to 444 ¾ region.
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 11300 and 11157. Resistance should appear near 11427 and 11500.
OCTOBER CATTLE
Support should appear near 11360 to 11300 and 11157.
Resistance should appear near 1500 and the 11640 to 11690 region.
JULY HOGS
Resistance should appear near 8222 and 8300 to 8317
Support should appear near the 8137 to 8117 region.
AUGUST HOGS
Resistance should appear near 8392 to 8407 and 8482 to 8507.
Support should appear near 8317 to 8302 and the 8222 to 8192 region.
BW Traders should go short if a close under 8297 occurs.
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Resistance should appear near 14840 to 14960 and 15290 to 15350. Support should appear near 14210 to 14150 and 13830 to 13770.
SEPTEMBER COCOA Support should appear near 3045 to 3036 and 2990 to 2972 Resistance should appear near 3092 to 3102 and 3148 to 3157 OCTOBER SUGAR Resistance is near 2126 to 2134 and 2170 to 2185. BW Traders can sell at 2167 and hold for lower prices. Support should appear near 2042 to 2034 and 1996 to 1982. DECEMBER COTTON Support should appear near 6509 to 6483 and 6430 to 6417. Resistance should appear near 6577 to 6591 and the 6659 to 6673 region.
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 July 5th 2016 4:00 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