Morning Investment and Day Trading Comments  Tuesday October 22, 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

If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original. The mistake family is so large that there is always one of them around… –Reminiscences of a Stock operator –

 

Monday October 21 2013
4:00 PM South Florida Beach Time

                                         THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE

Support should appear near the 15,350.00 to 15,290.00. Below that 15,125.00 should hold.

Resistance should appear near 15,520.00. Beyond that sellers should appear near 15,690.00 to 15,760.00 and cap a rally.

DEC E-MINI SP500

Resistance should appear near 1752.00 and 1774.00 to 1780.00.
Support should appear near the 1731.00 and 1713.50.

Aggressive BW Traders should go long if a close over 1738.75 occurs.

 

NASDAQ COMPOSITE

Resistance should appear near 3929.00, a close over is friendly and augurs for a test of 3982.00 to 3992.00.

Support should appear near 3909.00 and 3867.00 to 3858.00

DEC E-MINI NASDAQ 100

Support should appear near 3328.00 to 3319.00.

Resistance should appear near 3377.00 to 3386.00

DEC E-MINI RUSSELL 2000

Resistance should appear at 1130.00 to 1136.00.

Support should appear near 1101.00 to 1096.00

DEC 30 YR BOND

Resistance should appear near 134-21 and 135-07
Support should appear near 133-21 and 133-07

DEC 10 YR NOTE

Resistance should appear near 127-07 and 127-21.

Support should appear near 126-07 and 125-21.                 

 

                                                  THE FRENZIED FOREX FRONT

DEC DOLLAR INDEX

Resistance should appear near 8029 to 8044

Nearby support should appear near 7954 to 7939.

DEC JAPANESE YEN
Resistance should appear near 10228 and 10320 to 10360.

BW Traders can Sell at 10313 and hold for lower prices.
Support should appear near 10185. Below that a test of 10136 to 10104 is likely.

 

 

DEC EURO CURRENCY

Support should appear near 13615 and 13460 to 13400 and 13340.
Resistance should appear near the 13770 to 13830 region and should cap rallies.
BW Traders can sell at 13763 and risk a close over 13837 for three days in a row.

 

DEC SWISS FRANC

Resistance should appear near 11155 and 11227.

Support remains near 11010 to 10960.

 

DEC BRITISH POUND

Support should appear near 16090 and 15925.

Resistance should appear near 16282 and the 16420 to 16550 region.

 

DEC CANADIAN DOLLAR

Resistance should appear near 9706 to 9737 and 9821 to 9845.
BW Traders can sell at 9777 and risk a close over 9847 for three days in a row.

Support should appear near 9641 to 9625 and 9542 to 9526.

DEC AUSSIE DOLLAR

Support should appear near the 9542 to 9526 region.
Resistance should appear near 9706 to 9737.
BW Traders should go long if a close over 9643 occurs

                                                        THE PRECIOUS METALS

DECEMBER GOLD

Resistance should appear near 1334.0 to 1346.0

Support is near 1310.00 to 1304.0 then 1289.00.

DEC COPPER
Resistance should appear near 33770 to 33860.

Support should appear near 32700 to 32610

 

DECEMBER SILVER

Support should appear near 2219.0 and 2185 to 2170.0

Resistance is at 2267.0 to 2274.0 and the 2354.0 to 2370.0 region.                                                                                

    

                                                    THE EXCITING ENERGIES

DEC CRUDE OIL

Resistance should appear near 10021 to 10037 and 10104 to 10136

Support should appear near 9937 to 9921and 9837 to 9821

DEC HEATING OIL

Support should appear near should appear near 29900 to 29720 and 29370 to 29280.
Below that buyers should appear near 28830 to 28740

Resistance should appear 30360 to 30450, a close over is friendly and augurs for a test of 30920 to 31020, beyond that a test of 31480 to 31570 is likely.

DEC UNLEADED GAS

Support should appear near 25680 to 25620 and the 25190 to 25110 region.

Resistance should appear near 26630 to 26720 and the 27580 to 27750 region.

 

DEC NATURAL GAS

Resistance should appear at 3909 to 3939 and the 3982 to 3992 region.

Support should appear near 3734 to 3734 and the 3682 to 3663.

 

                                            THE GRANDE’ GRAINS

JAN SOYBEANS

Support should appear near 1289 and 1274 to 1268.

Resistance should appear near 1304 to 1310 and 1322

DEC SOYOIL
Resistance should appear near 4238 to 4249.
Support should appear near 4120 to 4110.

DEC SOYMEAL

Resistance should appear near 416.3 to 418.3 and 423.8 to 424.9

Support should appear near 412.0 to 411.0 and 405.6 to 404.6

 

DEC CORN

Support should appear near and 438 ¼ to 437 and the 418 ¼ to 416 ¼ region.

Resistance should appear near 457 ¼ to 458 ¼ and 463 ¾ to 465.

DEC WHEAT

Resistance remains near 707 ½ to 708 ¾ and the 714 ¼ to 717 region.

Support should appear near support should appear near 691 ¾ to 690 ¾ and 675 ¾ to 674 ½.
                                                          THE LIVELY LIVESTOCK

DEC CATTLE

Support should appear near 13100 to 13040 and 12892.

Resistance should appear near 13340 to 13460 and 13530.

 

FEB CATTLE
Support should appear near 13340 and 13217

Resistance should appear near 13460 and 13530

 

DEC HOGS         

Support should appear near 8762 and 8682 to 8662.

Resistance should appear near the 8857 to 8872 region. BW Traders can sell at 8857 and hold for lower prices.

FEB HOGS
Support should appear near 8967 to 8932 and the 8872 to 8857 region.

Resistance should appear near 9042 to 9062 and the 9137 to 9157 region.

 

APRIL HOGS

Support should appear near 8967 to 8932 and the 8872 to 8857 region.
Resistance should appear near 9042 to 9062 and the 9137 to 9157 region.

JUNE HOGS

Support should appear near 9447 to 9427 and the 9347 to 9312 region.

Resistance should appear near the 9622 to 9642, a close over is friendly and augurs for a test of the 9707 to 9737 region.  BW Traders should go long if a close over 9647 occurs.

 

                                                THE SATISFYING SOFTS

DEC COFFEE

Support should appear near the 11010 to 10960 region.

Resistance should appear near 11640 to 11690

 

DECEMBER COCOA

Resistance should appear near 2758 to 2775. Beyond that a trade towards 2820 to 2829 is likely.

Support should appear near the 2672 to 2663 and the 2620 to 2612 region.  BW Traders can buy at 2673 and hold for higher prices Stay tuned for Flashes

MARCH SUGAR

Resistance is near 2034 to 2042.

Support should appear near the 1909 to 1902 region.

 

DEC COTTON

Support should appear near 8223 to 8194 then 8134 to 8119 and the 8044 to 8029 region.
BW Traders can buy at 8055 for a bounce and risk a close under 7935 for three days in a row.
Resistance is at 8391 to 8407 and 8484 to 8499.

 

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 October 21, 2013 4:50 PM South Florida Beach Time
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