FuturesCom Morning Investment Comments Monday July 08, 2013 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
“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.
Sunday July 07, 2013
6:00 AM South Florida Beach Time
Stay tuned for Flashes and Updates in all Markets
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 15,125.00 and the 14,960.00 to 14,840.00 region.
Resistance should appear near the 15,290.00 to 15,350.00 region.
SEPTEMEBER E-MINI SP500
Resistance should appear near 1642.00 to 1655.00. Beyond that sellers should appear near
the 1689.00 to 1696.00 region
Support should appear near 1620.25 then 1615.00 to 1609 then 1600.25 and 1592.50
NASDAQ COMPOSITE
Resistance should appear near 3493.00 to 3503.00 and the 3553.00 to 3583.00 region and should bring out sellers and cap a rally.
Support should appear near the 3443.00 to 3425.00 and 3405.50.
SEPTEMBER E-MINI NASDAQ 100
Support should appear near 2954.50 and the 2937.00 to 2928.00 region.
Resistance should appear near 2973.00 to 2990. An extended trade or close over is friendly and augurs for a test of 3013.00 and the 3036.00 to 3045.00 region where sellers should cap a rally.
SEPTEMBER E-MINI RUSSELL 2000
Resistance should appear at 1010.40 to 1013.60. Beyond that a trade towards 1023.70 and the 1032.00 to 1036.00 region is likely and should bring out sellers. Aggressive BW Traders can sell at 1031.50 and risk 12 points.
Support should appear near 993.70 to 992.10 and 993.70 to 992.10
SEPTEMBER 30 YR BOND
Resistance should appear near 133-07 and 133-21
Support should appear near 132-07 and 131-21 under that a test of 131-07 is likely
SEPTEMBER 10 YR NOTE
Resistance should appear near 125-07 and 125-21
Support should appear near 124-07 and 123-21. Below that a test of 123-07 is likely.
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8484 to 8499 and the 8560 to 8589 region…
Support should appear near 8406 to 8391 and 8352.
SEPT JAPANESE YEN
Resistance should appear near 9921 to 9937 and 10021 to 10037
Support should appear near 9837 to 9821 and 9737 to 9706
SEPT EURO CURRENCY
Support should appear near 12740 to 12680
Resistance should appear near 12890 and 12967
.
SEPT SWISS FRANC
Resistance should appear near 10427 and 10470
Support should appear near the 10360 to 10320 below that a trade towards 10237 is likely
SEPT BRITISH POUND
Support should appear near 14840 then 14715 and 14590 to 14520
Resistance should appear near 14960 then15042 and 15125.
SEPT CANADIAN DOLLAR
Resistance should appear near 9439 to 9445 and 9526 to 9542
Support should appear near 9347 to 9316 and 9156 to 9140
SEPTEMBER AUSSIE DOLLAR
Support should appear near 8964 to 8934 and 8871 to 8856
Resistance should appear near 9044 to 9060 and 9140 to 9156.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1232 to 1238.0.
Support is near 1203.00 to 1192.00 and the 1169.00 to 1164.00 region. Aggressive BW traders can buy at 1170.00 and risk 10.00. Below that a test of the 1136 to 1130 and the 1101 to 1096.00 region is likely.
SEPTEMBER COPPER
Resistance should appear near 30920 to 31020 and 31480 to 31570. Beyond that sellers should appear near 31940 to 32130 and cap a rally.
Support should appear near 30450 to 30360, below that a test of the 29900 to 29720 region is likely. Below that buyers should appear near 28830 to 28740 which should contain a decline.
BW Traders can buy at 28850 for a bounce and risk 3.00
SEPTEMBER SILVER
Resistance should appear near 1902.0 to 1909.0 and 1946.0 to 1953.0
Support is at 1865 to 1858 and the 1822.oto 1808.0 region
THE EXCITING ENERGIES
AUGUST CRUDE OIL
Resistance should appear near 10580 to 10680
Support should appear near 10136 to 10104
AUGUST HEATING OIL
Support should appear near should appear near 29370 to 29280 and 28830 to 28740.
Resistance should appear 30360 to 30450 and 30920 to 31020
AUGUST UNLEADED GAS
Support should appear near 28830 to 28740 and 28290 to 28200.
Resistance should appear near the 29280 to 29370 and 29720 to 29900
AUGUST NATURAL GAS
Resistance should appear at 3663 to 3682 and 3734 to 3743
Support should appear near 3563 to 3553 and 3503 to 3494
THE GRANDE’ GRAINS
AUGUST SOYBEANS
Support remains near 1421 to 1415.
Resistance should appear near 1453 to 1459, beyond that sellers should appear near the 1484 to 1496
NOVEMBER SOYBEANS
Support should appear near 1217 ½ and 1203 to 1192
Resistance should appear near 1232 to 1238 and 1268 to 1274
AUGUST SOYOIL
Resistance should appear near 4775 to 4785
Support should appear near the 4650 to 4639
AUGUST SOYMEAL
Resistance should appear near 430.4 to 431.5 and 437.0 to 438.1.
Support should appear near 424.9 to 423.8 and 418.3 to 416.3 which should hold.
SEPTEMBER CORN
Support should appear 520 ¼ to 521 ¼
Resistance should appear near 541 ¾ to 543
DECEMBER CORN
Support should appear near 485 ¾ to 484 ½
Resistance should appear near 497 ¼ to 499 ½
SEPTEMBER WHEAT
Resistance should appear near 674 ¾ to 675 ½.and 680 ¾ to 683 ¾
Support should appear near 659 ¼ to 657 ¾ and 650 ¾ to 648 ¾.
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 12172 and the 12030 to 11920 region. BW Traders can buy at 12037 and risk a close under 11917 for three days in a row.
Resistance should appear near 12237, an extended trade over is friendly and augurs for a test of the 12320 to 12380 region. BW Traders should go long if a close over 12387 occurs
OCTOBER CATTLE
Support should appear near 12537 and 12447.
Resistance should appear near the 12680 to 12740. Beyond that a test of 12890 is likely.
AUGUST HOGS
Support should appear near 9737 to 9707 and the 9642 to 9622 region.
Resistance should appear near 9822 to 9837. A close over is friendly and augurs for a test of 9917 to 9937. BW Traders should go long if a close over 9852 occurs
OCTOBER HOGS
Support should appear near the 8502 to 8482 and the 8407 to 8392 region.
BW Traders can buy at 8407 for a bounce and risk a close under 8387 for three days in a row.
Resistance should appear near 8557 to 8587 and the 8667 to 8682 region.
Trade Accordingly and Stay Tuned for Livestock Flashes
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Support should appear near 12030 to 11920 and 11690 to 11640
Resistance should appear near 12320 to 12380 and 12680 to 12740. BW Traders can sell at 12675 and risk a close over 12775 for three days in a row.
SEPTEMBER COCOA
Resistance should appear near 2219 to 2226 and 2267 to 2275.
Support should appear near 2185 to 2170 and 2134 to 2126
OCTOBER SUGAR
Resistance is near 1642 to 1655 and 1689 to 1696,
Support should appear near 1615 to 1609 and 1576 to 1569.
DECEMBER COTTON
Support should appear near 8499 to 8484 and 8406 to 8391.
Resistance is 8668 to 8683 and 8762 to 8777
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
Sunday July 07, 2013
12:00 Noon 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.
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