Morning Investment and Day Trading Comments Friday January 31, 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 January 30, 2014
3:00 PM, South Florida Beach Time.
Traders should stay nimble and tune in for additional analysis, BW flashes, Updates and Day Trades.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 15,760.00 to 15,690.00.
Resistance is at the 16.090.00 to 16,150.00 region.
MARCH E-MINI SP500
Resistance should appear near 1794.00, an extended trade or close over is friendly and augurs for a test of 1808.00 to 1822.00.
Support should appear near 1780.00 to 1774.00 then 1756.00 and the 1738.00 to 1731.00 region.
NASDAQ COMPOSITE
Resistance should appear near 4120.00, beyond that a test of 4137.00 is likely.
Support should appear near 4110.00 then 4083.00 and the 4056 to 4046.00 region
MARCH E-MINI NASDAQ 100
Support should appear near 3503.00 to 3493.00 and 3443.00 to 3425.00
Resistance is at the 3553.00 to 3563.00 region.
MARCH E-MINI RUSSELL 2000
Resistance should appear at 1136.00 a close or extended trade over is friendly and augurs for test of 1150.00.
Support should appear near 1130.00 then 1115.50 and the 1101.00 to 1096.00 region.
Stay tuned for Flashes and trade accordingly
MARCH 30 YR BOND
Resistance should appear near 133-21 then 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 125-21 and 126-07.
Support should appear near 124-21 and 124-07.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near the 8119 to 8134 region.
Support should appear near 8081 and 8044 to 8029.
MARCH JAPANESE YEN
Resistance should appear near 9779 and 9821 to 9837 and 9921 to 9937
Support should appear near 9737 to 9706 below that an eventual test of 9347 to 9316 is likely.
Stay tuned for Flashes.
MARCH EURO CURRENCY
Support should appear near the 13460 to 13340 region.
Resistance should appear near 13615 and the 13770 to 13830 region.
BW Traders can sell at 13761 for a trade and risk a close over 13837.
MARCH SWISS FRANC
Resistance should appear near 11155 then 11227 and the 11300 to 11360 region.
BW Traders can sell at 11297 and hold for lower prices.
Support is near the 11010 to 10960 region. A close or extended trade under is negative and augurs for a test of 10820.
MARCH BRITISH POUND
Support should appear near 16420 then 16357 and 16292.
Nearby resistance is at 16550 and 16720.
MARCH CANADIAN DOLLAR
Resistance should appear near 8964 and 9044 to 9060
Support should appear near 8934 and 8871 to 8856
MARCH AUSSIE DOLLAR
Support should appear near 8683 to 8668, failure to hold is negative and augurs for a test of
8589 to 8560.
Resistance should appear near 8777 and 8856 to 8871
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1268.0 to 1274.0.
Support should now appear near 1238.0 to 1232.0.
MARCH COPPER
Resistance should appear near 33190 to 33280.
Support should appear near 32130 to 31940
MARCH SILVER
Support should appear near 1909 to 1902, below that a test of 1865 to 1858 is likely.
Resistance is at 1946 to 1953 and 1982 to 1996
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 9542 to 9526
MARCH BRENT CRUDE OIL
Resistance should appear near 10820 then 10960 to 11010.
Support should appear near 10680 to10580.
MARCH HEATING OIL
Support should appear near should appear near 29900 to 29720 and 29370 to 29280.
Resistance should appear the 30360 to 30450 and 30920 to 31020.
MARCH UNLEADED GAS
Nearby Support should appear 25620 to 26630 and 26200 to 26120.
Resistance should appear near 27160 to 27240 and 27580 to 27750
MARCH NATURAL GAS
Resistance should appear at 5056 to 5067 and 5127 to 5139
Support should appear near 4785 to 4775 and 4650 to 4639
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1274 to 1268 and 1238 to 1232
Resistance should appear near 1289 and 1304 to 1310
Trade Accordingly
MARCH SOYOIL
Resistance should appear near 3795 to 3806
Support should appear near the 3682 to 3663
MARCH SOYMEAL
Resistance should appear near 430.4 to 431.5 and the 437.0 to 438.1 region.
Support should appear near 412.0 to 411.0 and the 405.6 to 404.6 region.
MARCH CORN
Support should appear near the 424 ¾ to 423 ¾ region.
Resistance should appear near 437 to 438 ¼.
MARCH WHEAT
Resistance should appear near 571 ¾ to 572 ¾
Support should appear 535 ¾ to 534 ½
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13830 to 13770
Resistance should appear near 14150 to 14210
JUNE CATTLE
Support should appear near 13100 to 13040
Resistance should appear near 13340 to 13460.
FEB HOGS
Support should appear near 8587 to 8557
Resistance should appear 8662 to 8682.
APRIL HOGS
Support should appear near 9347 to 9317 and the 9167 to 9137 region
Resistance should appear near 9427 to 9447 and the 9527 to 9542 region.
JUNE HOGS
Support should appear near 10317 then 10237 and 10137 to 10102.
Resistance should appear near 10357 and 10470
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 12030 to 11920 and 11690 to 11640
Resistance should appear 12320 to 12380, beyond that a test of 12680 to 12740 is likely
MARCH COCOA
Resistance should appear near 2928 to 2937 and 2972 to 2990.
Support should appear near 2883 to 2874 and 2829 to 2820.
MARCH SUGAR
Resistance is near 1529 to 1535
Support should appear near 1459 to 1453.
MARCH COTTON
Support should appear near 8499 to 8484 and 8314 to 8300
Resistance is at 8668 to 8682 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 January 30, 2014 5:10 PM South Florida Beach Time
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