Morning Investment and Day Trading Comments Wednesday March 19, 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-
Tuesday March 18, 2014
1:30 PM South Florida Beach Time.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,275.00 and the 16,150.00 to 16,090.00 region.
Resistance is at 16,420.00 to 16,550.00, beyond that an eventual test of 16,720.00 is likely
JUNE E-MINI SP500
Resistance should appear near the 1902.00 to 1909.00 region.
Support should appear near 1865.00 to 1858.00 and 1840.00.
NASDAQ COMPOSITE
Resistance should appear near 4370.00 to 4281.00, beyond that a test of 4425.00 to 4446.00 is likely.
Support should appear near 4315.00 to 4304.00 and 4249.00 to 4238.00
JUNE E-MINI NASDAQ 100
Support should appear near 3283.00 to 3663.00 and 3623.00 to 3613.00
Resistance is at 3734.00 to 3743.00, a close over augurs for a test of 3795.00 to 3806.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1203.00 and 1217.50 and 1232.00 to 1238.00
Support should appear near 1192.00 then 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 7991 and 8029 to 8044
Support should appear near 7954 to 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 9921 to 9937 region.
Support should appear near 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 8964 and 9000
Support should appear near 8871 to 8856
JUNE AUSSIE DOLLAR
Support should appear near 9060 to 9044 and 8964 to 8934.
Resistance should appear near 9140 to 9156 and 9237
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 2042 to 2034
Resistance is at 2126 to 2134.
THE EXCITING ENERGIES
MAY CRUDE OIL
Resistance should appear near 9921 to 9937, beyond that a test of 10021 to 10037 is likely
Support should appear near 9837 to 9821 and 9737 to 9706
MAY BRENT CRUDE OIL
Resistance should appear near 10680 and 10820
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 1415 and 1399
Resistance should appear near 1421 and 1437
JULY SOYBEANS
Support should appear near 1383 to 1377
Resistance should appear near 1415 to 1421
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 463.9 to 465.0
Support should appear near 451.5 to 450.3
MAY CORN
Support should appear near 485 ¾ to 484 ½ and 478 ½ to 477 ½
Resistance should appear near 491 ½ to 492 ¾ and 497 ¼ to 499 ½
MAY WHEAT
Resistance should appear near 699 to 700 1/2 and 707 ½ to 708 ¾
Support should appear 667 ¼ to 665 ¾ and 643 to 641 ¾
THE LIVELY LIVESTOCK
APRIL CATTLE
Support is near 14530 and 14372
Resistance should appear near 14837 to 19462
JUNE CATTLE
Support should appear near 13732 and 13617.
Resistance should appear near 13912 and 14150 to 14212
APRIL HOGS
Support should appear near 12320 and 12172
Resistance should appear near 12527 and 12680 to 12740
JUNE HOGS
Support should appear near 13100 13040
Resistance should appear near 13340 to 13460 and 13617
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
Tuesday March 18, 2014 2:45 PM South Florida Beach Time
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