Futures Trading Investment Comments
Thursday June 2, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Wednesday June 1, 2016
8:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,740.00 and 17,560.00
Resistance is at 17,940.00 and 18,080.00 to 18,220.00
DOW JONES TRANSPORTS
Support should appear near 7689.00 to 7675.00. Resistance should appear near 7836.00 to 7864.00
JUNE E-MINI SP500
Resistance should appear at 2107.50 and 2126.00 to 2142.00
Support should appear near 2089.00 to 2080.00 and 2061.00. NASDAQ COMPOSITE
Resistance should appear at 4973.00 to 4995.00
Support should appear near 4926.00 to 4915.00
JUNE E-MINI NASDAQ 100
Support should appear near 4514.00 to 4503.00 and 4446.00 to 4425.00.
Resistance is at 4571.00 to 4582.00 and 4639.00 to 4650.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1164.00 to 1169.00
Support should appear near 1150.00 and 1136.00 to 1130.00.
SEPT 30 YR BONDS
Resistance should appear near 164-21 and 165-07
Support should appear near 163-07 and 162-21.
SEPT 10 YR NOTES
Resistance should appear near 130-07 and 130-21
Support should appear near 129-07 and 129-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9625 to 9641 Support should appear near 9445 to 9429
JUNE JAPANESE YEN
Resistance should appear near 9237 and 9316 to 9347 Support should appear near 9100 and 9060 to 9044
JUNE EURO CURRENCY
Support should appear near the 11010 to 10960 region. Resistance should appear near 11227 and 11300 to 11360. BW Traders can sell at 11297 and risk a close over 11367 for three days in a row JUNE SWISS FRANC
Resistance should appear near 10185 and 10320 to 10360
Support should appear near 10104 and 10037 to 10021
JUNE BRITISH POUND
Support should appear near 14370 and 14210 to 14150 Resistance should appear near 14530 to 14590
JUNE CANADIAN DOLLAR
Resistance should appear near 7675 to 7687
Support should appear near 7601 to 7587
JUNE AUSSIE DOLLAR Resistance should appear near 7291 and 7328 to 7342
Support should appear near 7170 to 7143 and 7088 to 7074.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1232.0 to 1238.0
Support should appear near 1203.0 to 1192.0
JULY COPPER
Resistance should appear 20800 to 20890 and 21260 to 21340
Support should appear near 19960 to 19820 and 19560 to 19530 BW Traders can sell at 20790 and hold for lower prices.
JULY SILVER
Support should appear near 1576 to 1569 and 1535 to 1529
Resistance is at 1609 to 1615 and 1642 to 1655
THE EXCITING ENERGIES
JULY CRUDE OIL
Support should appear near 4785 to 4775 and 4717 to 4695 Resistance should appear near 4915 to 4926 and 4973 to 4995
AUGUST CRUDE OIL
Support should appear near 4915, a close under augurs for a test of 4856 to 4845. Resistance should appear near 4973 to 4995 and 5056 to 5067
JULY BRENT CRUDE OIL
Support should appear near 4856 to 4845 and 4785 to 4775 Resistance should appear near 4995 and 5056 to 5067
JULY HEATING OIL
Support should appear near 14960 to 14840 and 14590 to 14530
Resistance should appear 15125 and 15290 to 15350
JULY UNLEADED GAS
Support should appear near 16090 and 15760 to 15690 and 15350 to 15290
Resistance should appear 16285 and 16420 to 16550
JULY NATURAL GAS
Support should appear near 2275 to 2267 and 2226 to 2219
Resistance should appear near 2461 to 2469 and 2511 to 2519
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1096 and 1068 to 1058
Resistance should appear near 1115 ½ and 11360 to 1132
JULY SOYOIL Support should appear near 3213 to 3194 and 3102 to 3092
Resistance should appear near 3261 to 3270 and 3319 to 3328
JULY SOYMEAL
Resistance should appear near 404.6 to 405.6 and 411.0 to 412.0
Support should appear near 392.9 to 390.9 and 386.7 to 385.8
JULY CORN
Support should appear near 405 ¾ to 404 ¾
Resistance should appear near 423 ¾ to 425 ¾
JULY WHEAT Support should appear near 465 to 463 ¾ and 458 ¼ to 457 ¼
Resistance should appear near 477 ¾ to 478 ½ and 484 ½ to 485 ¾ THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 11690 to 11640
Resistance should appear 11802 and 11920 to 12030
OCTOBER CATTLE
Support should appear 11640 and 11537
Resistance should appear near 11807 and 11920 to 12030
JUNE HOGS
Resistance should appear near 8197 to 8227
Support should appear near 7957 to 7937
AUGUST HOGS
Resistance should appear near 8300 to 8317 and 8392 to 8407
Support should appear near 8197 and 8137 to 8127
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 12320 to 12380 Support should appear near 12030 to 11920
JULY COCOA Support should appear near 2990 to 2972 Resistance should appear near 3092 to 3102 JULY SUGAR Resistance is near 1774 to 1780 Support should appear near 1696 to 1689. JULY COTTON Support should appear near 6350 to 6337 and 6270 to 6257 Resistance should appear near 6417 to 6430 and 6483 to 6509.
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
Wednesday June 1, 2016 9:20 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