Day Trading and Investment Comments Thursday October 23, 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
“Perfection is not attainable, but if we chase perfection we can catch excellence.”- Vince Lombardi
Wednesday October 22, 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 16,420.00 and the 16,150.00 to 16,090.00 region.
Resistance is at 16,550.00 then 16,720.00 and the 16,890.00 to 16,960.00 region
DOW JONES TRANSPORTS
Support should appear near 8300.00 then 8223.00 to 8194.00 and 8134.00 to 8119.00
Resistance is at 8391.00 to 9406.00 then 8484.00 to 8499.00 and 8668.00 to 8683.00
DECEMBER E-MINI SP500
Resistance should appear near 1927.50 and 1946.00 to 1953.00
Support should appear near 1909.00 to 1902.00 and 1883.00
NASDAQ COMPOSITE
Resistance should appear at 4425.00 to 4446.00 and 4503.00 to 4514.00
Support should appear near 4371.00 then 4315.00 to 4304.00 and 4249.00 to 4238.00
DECEMBER E-MINI NASDAQ 100
Support should appear near 3929.00 to 3909.00 and 3867.00 to 3858.00
Resistance is at 3982.00 to 3992.00 and 4046.00 to 4056.00
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 1101.00 and 1130.00 to 1136.00
Support should appear near 1082.00 and 1068.00 to 1058.00
DECEMBER 30 YR BONDS
Resistance should appear near 142-22 then 143-21 and 144-08.
Support should appear near 141-22 and 141-07
DECEMBER 10 YR NOTE
Resistance should appear near 127-22 and 128-17
Support should appear near 126-21 and 126-07
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 8668 to 8683
Support should appear near 8560 and 8499 to 8484
DECEMBER JAPANESE YEN
Resistance should appear near 9429 to 9445 and 9526 to 9542.
Support should appear near 9316 and the 9156 to 9140 region.
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 16090 to 16150 and 16287.
BW Traders can sell at 16267 and hold for lower prices.
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
DECEMBER AUSSIE DOLLAR
Support should appear near 8683 to 8668 and 8589 to 8560.
Resistance should appear near 8762 to 8777 and 8856 to 8871.
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1253.0 and 1268.0 to 1274.0
Support should appear near 1238.0 to 1232.0 and 1203.0 to 1192.0
DECEMBER COPPER
Resistance should appear near 30360 to 30450 and the 30920 to 31020 region.
Support should appear near 29370 to 29280.
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 8044 to 8029 then 7954 to 7939 and 7864 to 7836
Resistance should appear near 8119 to 8134 then 8194 to 8223 and 8300 to 8314.
DECEMBER BRENT CRUDE OIL
Resistance should appear near 8484 to 8499 and 8560 to 8589
Support should appear near 8406 to 8391 and 8314 to 8300.
DECEMBER HEATING OIL
Support should appear near 24190 to 24110 and 23700 to 23540
Resistance should appear 24610 to 24690 and 25110 to 25190.
DECEMBER UNLEADED GAS
Support should appear 20890 to 20800 and 20420 to 20340
Resistance should appear near 21260 to 21340 and 21700 to 21850.
DECEMBER NATURAL GAS
Resistance should appear 3.795 to 3.806 and 3.858 to 3.867
Support should appear near 3.682 to 3.663 and 3.553 to 3.563.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 944 ½ to 942 ¾ and 934 ¾ to 931 ¾.
Resistance should appear near 982 ¼ to 983 ¾ and 992 ¼ to 993 ¾
DECEMBER SOYOIL
Support should appear near 3157 to 3148 and below that a test of 3102 to 3092 is likely
Resistance should appear near 3261 to 3270 and 3319 to 3328
DECEMBER SOYMEAL
Resistance should appear near 342.5 to 344.3 and 349.3 to 350.3
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 525 ¾ to 528 ¾ 534 ½ to 535 ¾
THE LIVELY LIVESTOCK
DECEMBER CATTLE
Support should appear near 16722 and 16550 to 16420.
Resistance should appear near 16890 to 16960.
FEBRUARY CATTLE
Support should appear near 16550 to 16420
Resistance should appear near 16890 to 16960.
DECEMBER HOGS
Support should appear near 8872 to 8857 and 8777 to 8762
Resistance should appear near 9037 to 9057 and 9137 to 9157
FEBRUARY HOGS
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance should appear near 8932 to 8967 and 9042 to 9062.
BW Traders can sell 9037 risk a close over 9162 for three days in a row.
APRIL HOGS
Support should appear near 8872 to 8862 and 8777 to 8762
Resistance should appear near 9042 to 9062 and 9137 to 9157
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 and 1689 to 1696
Support should appear near 1615 to 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
Wednesday October 22, 2014 3:45 PM South Florida Beach Time
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