Morning Investment and Day Trading Comments Tuesday March 18, 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
Observation, Experience, Memory and Mathematics. These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory…-Reminiscences of a Stock operator-
Monday March 17, 2014
2:00 PM South Florida Beach Time.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,150.00 to 16,090.00
Resistance is at 16,420.00 to 16,550.00.
JUNE E-MINI SP500
Resistance should appear near 1858.00 to 1865.00, a close over is friendly and augurs for a test of 1902.00 to 1909.00.
Support should appear near 1840.00 and the 1822.00 to 1808.00 region.
NASDAQ COMPOSITE
Resistance should appear near 4304.00 to 4315.00
Support should appear near 4249.00 to 4238.00
JUNE E-MINI NASDAQ 100
Support should appear near 3623.00 to 3613.00.
Resistance is at 3682.00, beyond that a test of 3734.00 to 3743.00n is likely
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1192.00 to 1203.00 and 1217.50
Support should appear near 1180.50 and the 1169.00 to 1164.00 region.
Stay tuned for Flashes and trade accordingly
JUNE 30 YR BONDS
Resistance should appear near 133-07 and 133-21
Support should appear near 132-07 and 132-21
JUNE 10 YR NOTE
Resistance should appear near 124-21 and 125-07
Support should appear near 123-21 and 123-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7954 and 7991
Support should appear near 7939, below that a test of 7864 to 7836 is likely and should bring out buyers. BW Traders can buy at 7867 and risk close under 7834 for three days in a row.
JUNE JAPANESE YEN
Resistance should appear near 9837 and the 9921 to 9937 region.
Support should appear near 9821 and the 9737 to 9706 region
JUNE EURO CURRENCY
Support should appear near 13830 to13770.
Resistance should appear near 13990 and 14150 to 14210
BW Traders can sell at 14140 and risk a close over 14217 for three days in a row.
JUNE SWISS FRANC
Resistance should appear near 11500 and the 11640 to 11690 region
Support is near 11360 to 11300.
MARCH BRITISH POUND
Support should appear near the 16550 to 16420 region.
Resistance remains near 16890 to 16960.
JUNE CANADIAN DOLLAR
Resistance should appear near 9100 to 9140 to 9156
Support should appear near 9000 and 8964 to 8934
JUNE AUSSIE DOLLAR
Support should appear near 8964 to 8934.
Resistance should appear near 9140 to 9156
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1377 to 1383
Support should appear near 1346.0 to 1334.0.
MAY COPPER
Resistance should appear near 29720 to 29900
Support should appear near 28830 to 28740
MAY SILVER
Support should appear near 2089 to 2080
Resistance is at 2170 to 2185.
THE EXCITING ENERGIES
MAY CRUDE OIL
Resistance should appear near 9821 to 9837
Support should appear near 9737 to 9706
MAY BRENT CRUDE OIL
Resistance should appear near 10630 and 10680.
Support should appear near 10580 and 10470
APRIL HEATING OIL
Support should appear near should appear near 28830 to 28740
Resistance should appear near 29280 to 29370
APRIL UNLEADED GAS
Support should appear 28830 to 28740 and 28290 to 28200
Resistance should appear near 29280 to 29380
MAY NATURAL GAS
Resistance should appear at 4571 to 4582
Support should appear near 4381 to 4370
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1383 to 1377
Resistance should appear near 1415 to1421
JULY SOYBEANS
Support should appear near 1361 ½ and 1346 to 1334
Resistance should appear near 1383 and 1399.
MAY SOYOIL
Resistance should appear near 4238 to 4249 and 4304 to 4315
Support should appear near 4183 to 4163 and 4120 to 4110
MAY SOYMEAL
Resistance should appear near 450.3 to 451.4 and 457.1 to 458.2
Support should appear near 444.6 to 442.5 and 438.1 to 437.0
MAY CORN
Support should appear near 471 ¾ to 469 ½ and 451 ½ to 450 ¼
Resistance should appear near 484 ½ to 485 ¾ and 491 ½ to 492 ¾
MAY WHEAT
Resistance should appear near 680 ¾ to 683 ¾ and 690 ¾ to 691 ¾
Support should appear 667 ¼ to 665 ¾ and 643 to 641 ¾
THE LIVELY LIVESTOCK
APRIL CATTLE
Support is near 14210 to 14150.
Resistance should appear near 14530 to 14590
JUNE CATTLE
Support should appear near 13773 and 13617.
Resistance should appear near 13830 and 14150 to 14212
APRIL HOGS
Support should appear near 12030 to 11920
Resistance should appear near 12320 to 12380
JUNE HOGS
Support should appear near 13040 and 12917
Resistance should appear near 13340 to 13460
THE SATISFYING SOFTS
MAY COFFEE
Resistance should appear near 19460 to 19530 and 20340 to 20420
Support should appear near 18650 to 18580 and the 17900 to 17740 region.
MAY COCOA
Resistance should appear near 3036 to 3045 and the 3092 to 3102 region.
Support should appear near 2990 to 2972 and the 2883 to 2874 region.
BW Traders can buy at 2887 and hold for higher prices.
MAY SUGAR
Resistance is near 1731 to 1738 and 1774 to 1780
Support should appear near 1696 to 1689 and 1655 to 1642
MAY COTTON
Support should appear near 9156 to 9140 and 9060 to 9044.
Resistance is at 9316 to 9347, beyond that a test of 9429 to 9445 is likely
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
Monday March 17, 2014 3:10 PM South Florida Beach Time
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