Day Trading and Investment Comments Friday October 24, 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
Thursday October 23, 2014
12:00 Noon South Florida Beach Time
Traders should stay nimble and stay tuned for flashes in all markets.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,720 and 16,550.00 to 16,420.00.
Resistance is at the 16,890.00 to 16,960.00 region
DOW JONES TRANSPORTS
Support should appear near 8406.00 to 8391.00 and 8314.00 to 8300.00
Resistance is at 8589.00 and 8668.00 to 8683.00
DECEMBER E-MINI SP500
Resistance should appear near 1967.50 and 1982.00 to 1996.00
Support should appear near 1927.50 and 1909.00 to 1902.00.
NASDAQ COMPOSITE
Resistance should appear at 4503.00 to 4514.00 and 4571.00 to 4582.00
Support should appear near 4381.00 to 4371.00 and 4315.00 to 4304.00
DECEMBER E-MINI NASDAQ 100
Support should appear near 3992.00 to 3982.00 and 3929.00 to 3909.00
Resistance is at 4046.00 to 4056.00 and 4110.00 to 4120.00
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 1130.00 to 1136.00
Support should appear near 1068.00 to 1058.00
DECEMBER 30 YR BONDS
Resistance should appear near 142-07 and 142-22
Support should appear near 140-22 and 139-22
DECEMBER 10 YR NOTE
Resistance should appear near 127-12 and 128-07
Support should appear near 126-07 and 125-22
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 8668 to 8683
Support should appear near 8589 to 8560
DECEMBER JAPANESE YEN
Resistance should appear near 9316 to 9347
Support should appear near 9156 to 9140.
DECEMBER EURO CURRENCY
Support should appear near 12530 and 12380 to 12320
Resistance should appear near 12680 then 12817 and 12890
DECEMBER SWISS FRANC
Resistance should appear near 10580 and 10630 to 10680
Support should appear near 10470.. Below that a test of 10360 to 10320 is likely.
DECEMBER BRITISH POUND
Support should appear near 15922 and the 15760 to 15690 region.
Resistance should appear near the 16090 to 16150 region.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 8934 to 8964. BW Traders can sell at 8933 and hold for lower prices.
Support should appear near 8871 to 8856 and 8818
DECEMBER AUSSIE DOLLAR
Support should appear near 8683 to 8668 and 8589 to 8560.
Resistance should appear near 8762 to 8777 and 8813
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1232.0 to 1238.0 and 1253.0
Support should appear near 1217.50 and 1203.0 to 1192.0
DECEMBER COPPER
Resistance should appear near 30450 and the 30920 to 31020 region.
Support should appear near 29900 to 29720 then 29370 to 29280 and 28830 to 28740
DECEMBER SILVER
Support should appear near 1696.00 to 1689.0 and 1655.0 to 1642.0
Resistance is at 1731 to 1738 and 1774.0 to 1780.0
THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Support should appear near 8134 to 8119 then 8044 to 8029 and 7954 to 7939
Resistance should appear near 8300 to 8314 and 8391 to 8406
DECEMBER BRENT CRUDE OIL
Resistance should appear near 8762 to 8777 and 8856 to 8871
Support should appear near 8589 to 8560 and 8499 to 8484
DECEMBER HEATING OIL
Support should appear near 24690 to 24610 and 24190 to 24110
Resistance should appear 25110 to 25190 and 25520 to 25680
DECEMBER UNLEADED GAS
Support should appear 20890 to 20800 and 20420 to 20340
Resistance should appear near 21700 to 21850 and22190 to 22260
DECEMBER NATURAL GAS
Resistance should appear 3.734 to 3.743 and 3.795 to 3.806
Support should appear near 3.623 to 3.613 and 3.553 to 3.563.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 973 ¾ to 970 ¾ and 964 ¼ to 962 ½
Resistance should appear near 1010 ½ to 1010 ¾ and 1015 ½
DECEMBER SOYOIL
Support should appear near 3157 to 3148
Resistance should appear near 3319 to 3328
DECEMBER SOYMEAL
Resistance should appear near 355.3 to 356.3 and 361.3 to 362.3
Support should appear near 332.8 to 331.9 and 327.0 to 326.1
DECEMBER CORN
Support should appear near 344 ¼ to 342 ¼ and 338 ¾ to 337 ¾
Resistance should appear near 361 ¼ to 362 ¼ and 366 ¼ to 368 ¼
BW Traders can sell at 365 and hold for lower prices. Risk a close over 374 ¾ for three days in a row.
DECEMBER WHEAT
Support should appear near 499 ½ to 497 ¼ and 485 ¾ to 484 ½
Resistance should appear near 534 ½ to 535 ¾ and 541 ¾ to 543
THE LIVELY LIVESTOCK
DECEMBER CATTLE
Support should appear near 16887 and 16722.
Resistance should appear near 16960 and 17127
FEBRUARY CATTLE
Support should appear near 16737 and 16557
Resistance should appear near 17072 and 17127
DECEMBER HOGS
Support should appear near 8777 to 8762 and 8592 to 8562
Resistance should appear near 8932 to 8967 and 9037 to 9057
FEBRUARY HOGS
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance should appear near 8857 to 8872 and 8932 to 8967
APRIL HOGS
Support should appear near 8777 to 8762
Resistance should appear near 9042 to 9062
THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near 19820 to 19960 and 20340 to 20420
Support should appear near 19090 to 19020 and 18580 to 18650
DECEMBER COCOA
Resistance should appear near 3148 to 3157 and 3194 to 3223
Support should appear near 3092 and 3045 to 3036
MARCH SUGAR
Resistance is near 1642 to 1655
Support should appear near 1609 and 1576 to 1569
DECEMBER COTTON
Support should appear near 6190 to 6165 and 6113 to 6102
Resistance is at 6337 to 6350 and 6417 to 6430.
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 October 23, 2014 2:30 PM South Florida Beach Time
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.
Terms of Use and Agreement https://www.futurescom.com/policies.html FuturesCom Investment Publications © 1996 – 2014 All Rights Reserved