Morning Investment and Day Trading Comments Friday February 7, 2014 Equity Futures •  Indices • Treasuries • Forex • Precious Metals • Crude Oil  • Grains • Livestock • Coffee • Sugar • Cocoa.  Free Two Week Trial see  https://futurescom.com/free-trial

“Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable- ranks high. There are certain chances that the most prudent man is justified in taking – chances that he must take if he wishes to be more than a mercantile mollusk- ” Reminiscences of a Stock operator ”

Thursday February 06, 2014
1:00 PM, South Florida Beach Time.

                                  THE SENSATIONAL STOCK AND BOND MARKET

DOW JONES INDUSTRIAL AVERAGE

Support should appear near 15,350.00 to 15290.00 and the 14,960.00 to 14,840.00 region.
Resistance is at 15,690.00 to 15,760.00 and the16.090.00 to 16,150.00 region.

MARCH E-MINI SP500

Resistance should appear near 1774.00 to 1780.00 and 1794.00
Support should appear near 1756.00 then 1738.00 to 1731.00 and 1713.50.
 

 

 

NASDAQ COMPOSITE

Resistance should appear near 4083.00 and 4110.00 to 4120.00

Support should appear near 4056.00 to 4046.00 then 4019.00 and 3992.00 to 3982.00

MARCH E-MINI NASDAQ 100

Support should appear near 3468.00 then 3443.00 to 3425 and 3386.00 to 3377.00

Resistance is at 3503.00 and the 3553.00 to 3563.00 region.       

 

MARCH E-MINI RUSSELL 2000

Resistance should appear at 1115.50 and 1130.00 to 1136.00
Support should appear near 1101.00 to 1096.00 and 1068.00 to 1058.00
Stay tuned for Flashes and trade accordingly

MARCH 30 YR BOND

Resistance should appear near 133-07 then 133-21 and 134-07 and 134-21
Support should appear near 132-21 then 132-07 and 131-21

MARCH 10 YR NOTE

Resistance should appear near 126-07 and 126-21 and should cap the rally.  Beyond that sellers should appear near 127-07

Support should appear near 125-07 then 124-21 and 124-07                                               

 

                                                THE FRENZIED FOREX FRONT

MARCH DOLLAR INDEX

Resistance should appear near 8119 to 8134 and the 8194 to 8223 region.

Support should appear near 8081 and 8044 to 8029

MARCH JAPANESE YEN
Nearby Resistance is 9821 to 9837 and 9921 to 9937
Support should appear near 9737 to 9706. Below that a test of 9641 to 9625 is likely
Stay tuned for Flashes.   

 

MARCH EURO CURRENCY

Support remains near the 13460 to 13340 region
Resistance should appear 13615 then 13690 and the 13770 to 13830 region.
BW Traders can sell at 13767 risk a close over 13837.

 

MARCH SWISS FRANC

Resistance should appear near 11155 and 11187

Support is near 11010 to 10960.

MARCH BRITISH POUND

Support should appear near 16150 to 16090

Resistance remains near 16420 to 16550

MARCH CANADIAN DOLLAR

Resistance should appear near 9044 to 9060, beyond that a test of 9140 to 9156 is likely and should cap a rally. BW Traders can sell at 9137 and risk a close over 9157 for three days in a row.

Support should appear near the 8964 to 8934 region.

MARCH AUSSIE DOLLAR

Support should appear near 8900 then 8871 to 8856 and 8777 to 8762
Resistance should appear near 8964 and 9044 to 9060.

                                      THE PRECIOUS METALS

APRIL GOLD

Resistance should appear near 1268.0 to 1274.0 and 1304.0 to 1310.0

Support should now appear near 1253.00 and 1238.0 to 1232.0, below that some buyers should appear near 1203.0 to 1192.0.

MARCH COPPER
Resistance should appear near 32610 to 32700 and 33190 to 33280

Support should appear near 32130 to 31940 and the 31570 to 31480 region.

MARCH SILVER

Support should appear near 1953 to 1946 and 1909 to 1902.

Resistance is at 2034 to 2042 and 2080 to 2089.
                                                                             

                                                  THE EXCITING ENERGIES

MARCH CRUDE OIL

Resistance should appear near 9821 to 9837 and 9921 to 9937

Support should appear near 9737 to 9706 and 9651 to 9625.

 

MARCH BRENT CRUDE OIL
Resistance should appear near 10820, beyond that a test of 10960 to 11010 is likely           

Support should appear near the 10680 to 10580 region failure to hold is negative and augurs for a test of 10360 to 10320. Where buyers should appear and contain declines.

 

MARCH HEATING OIL

Support should appear near should appear near 29900 to 29720 and 29370 to 29280 region.
Resistance should appear the 30360 to 30450 region.

MARCH UNLEADED GAS

Support should appear 26720 to 26630 and 26200 to 25120.

Resistance should appear near 27160 to 27240, beyond that a test of the 27580 to 27750 region
is likely

MARCH NATURAL GAS

Resistance should appear at 4973 to 4995 and 5056 to 5067

Support should appear near 4856 to 4845 and the 4785 to 4775 region             

  

                                                             THE GRANDE’ GRAINS

MARCH SOYBEANS

Support should appear near 1322 and 1310 to 1304

Resistance should appear near 1334 to 1346 and 1361 ½

MARCH SOYOIL
Resistance should appear near 3909 to 3929.
Support should appear near 3806 to 3795 and 3743 to 3734

MARCH SOYMEAL

Resistance should appear near 450.3 to 451.4 and 457.8 to 458.2

Support should appear near 444.6 to 442.5 and 438.1 to 437.0
MARCH CORN

Support should appear near the 438 ¼ to 437
Resistance should appear near 450 ¼ to 451 ¼

 

MARCH WHEAT

Resistance should appear near 585 ½ to 588 and 594 ½ to 595 ¾

Support should appear 579 ¼ and 572 ¾ to 571 ¾     

 

                                               THE LIVELY LIVESTOCK

APRIL CATTLE
Support should appear near 13830 to 13770

Resistance should appear near 13990 and the 14150 to 14210 region.

 

JUNE CATTLE

Support should appear near 13100 to 13040 and 12897

Resistance should appear near the 13237 and 13340 to 13460.

FEB HOGS
Support should appear near 8592 to 8557 and 8492 to 8482

Resistance should appear near 8667 to 8682 and 8762 to 8777

 

 

APRIL HOGS

Support should appear near 9237 and 9157 to 9142
Resistance should appear near 9527 to 9542

JUNE HOGS

Support should appear near 10362 to 10322

Resistance should appear near 10580 to 10680
Stay tuned for Livestock flashes.                                         

 

                                                 THE SATISFYING SOFTS

MARCH COFFEE

Support should appear near 13460 to 13340 and 13100 to 13040

Resistance should appear 13770 to 13830 and 14150 to 14210

MARCH COCOA

Resistance should appear near 2928 to 2937 and the 2972 to 2990 region.

Support should appear near 2883 to 2874 and 2829 to 2820

MARCH SUGAR

Resistance is near 1609 to 1615 and 1642 to 1655
Support should appear near 1576 to 1569 and 1535 to 1529.
MARCH COTTON

Support should appear near 8589 to 8560 and 8499 to 8484 region.
Resistance is at 8762 to 8777 and 8856 to 8871

                                       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

Thursday February 06, 2014   2:15 PM South Florida Beach Time

 

 

 

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