Futures Trading Investment Comments
Tuesday May 24, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” –Thomas A. Edison–
Monday May 23, 2016
4:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,380.00 to 17,310.00
Resistance is at 17,740.00 to 17,800.00
DOW JONES TRANSPORTS
Support should appear near 7601.00 to 7587.00 and 7513.00 to 7486.00. Resistance should appear near 7675.00 to 7689.00 and 7763.00 to 7777.00
JUNE E-MINI SP500
Resistance should appear at 2061.00 and the 2080.00 to 2089.00 region.
Support should appear near 2042.00 to 2034.00. NASDAQ COMPOSITE
Resistance should appear 4775.00 to 4785.00 and 4845.00 to 4856.00.
Support should appear near 4717.00 to 4695.00 and the 4582.00 to 4571.00 region.
JUNE E-MINI NASDAQ 100
Support should appear near 4315.00 to 4304.00
Resistance is at 4425.00 to 4446.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1130.00 to 1136.00
Support should appear near 1101.00 to 1096.00.
JUNE 30 YR BONDS
Resistance should appear near 165-07 and 165-21
Support should appear near 164-07 and 163-21.
JUNE 10 YR NOTES
Resistance should appear near 130-07 and 130-21.
Support should appear near 129-07 and 128-21.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9545 and 9625 to 9641 Support should appear near 9473 and 9347 to 9316.
JUNE JAPANESE YEN
Resistance should appear near 9237 and 9316 to 9347. Support should appear near 9156 to 9140 and 9060 to 9044.
JUNE EURO CURRENCY
Support should appear near the 11010 to 10960 region. Resistance should appear near 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 10136 and 10187.
Support should appear near 10037 to 10021.
JUNE BRITISH POUND
Support should appear near 14210 to 14150. Resistance should appear near 14530 to 14590.
JUNE CANADIAN DOLLAR
Resistance should appear near 7675 to 7689
Support should appear near 7513 to 7486
JUNE AUSSIE DOLLAR Resistance should appear near 7242 to 7255.
Support should appear near 7088 to 7074.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1253.0 and 1268.0 to 1274.0
Support should appear near 1238.0 to 1232.0
JULY COPPER
Resistance should appear 20800 to 20890
Support should appear near 19960 to 19820.
JULY SILVER
Support should appear near 1615 to 1609
Resistance is at 1689 to 1696
THE EXCITING ENERGIES
JULY CRUDE OIL
Support should appear near 4717 to 4695 and 4650 to 4639. Resistance should appear near 4915 to 4926 and 4973 to 4995
AUGUST CRUDE OIL
Support should appear near 4845 and 4785 to 4775 Resistance should appear near 4915 to 4926 and 5056 to 5067.
JULY BRENT CRUDE OIL
Support should appear near the 4717 to 4695 region. Resistance should appear near 4915 to 4926 and 4973 to 4995.
JULY HEATING OIL
Support should appear near 14590 to 14530 and 14210 to 14150.
Resistance should appear 14840 to 14960 and 15290 to 15350.
JULY UNLEADED GAS
Support should appear near 16150 to 16090 and 15760 to 15690
Resistance should appear 16550 and 16890 to 16960
JULY NATURAL GAS
Support should appear near 2134 to 2126 and 2089 to 2080.
Resistance should appear near 2219 to 2226 and 2267 to 2275
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1047 and 1036 to 1032.
Resistance should appear near 11068 and 1082
JULY SOYOIL Support should appear near 3045 to 3036 and 2990 to 2972
Resistance should appear near 3148 to 3157 and 3194 to 3213 JULY SOYMEAL
Resistance should appear near 390.9 to 393.9 and 398.2 to 399.2
Support should appear near 368.2 to 366.3 and 356.2 to 355.3.
JULY CORN
Support should appear near 386 ¾ to 385 ¾
Resistance should appear near 404 ¾ to 405 ¾
JULY WHEAT Support should appear near 458 ¼ to 457 ¼ and 444 ¾ to 442 ½.
Resistance should appear near 469 ½ to 471 ¾ and 477 ½ to 478 ½. THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear 11527
Resistance should appear near 11920 to 12030
AUGUST CATTLE
Support should appear near 11157
Resistance should appear 11527 and 11640 to 11690
JUNE HOGS
Resistance should appear near 7937 to 7957 and 8027 to 8042.
Support should appear near 7867 to 7832 and 7777 to 7762
AUGUST HOGS
Resistance should appear near 7927 to 7937 and 8027 to 8047.
Support should appear near 7837 and 7777 to 7762. BW Traders should sell at 8027 and hold for lower prices. 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 2937 to 2928. Resistance should appear near 3036 to 3045.
JULY SUGAR Resistance is near 1689 to 1696. Support should appear near 1655 to 1642. JULY COTTON Support should appear near 6113 to 61010 and 6035 to 6023. Resistance should appear near 6337 to 6350 and the 6417 to 6430 region. BW Traders can sell at 6337 and hold for lower prices.
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 May 23, 2016 6:30 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