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 –
Morning Investment and Day Trading Comments Wednesday October 23, 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
Tuesday October 22 2013
3:55 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 1756.00 and 1774.00 to 1780.00.
Support should appear near the 1738.00 to 1731.00.
NASDAQ COMPOSITE
Resistance should appear near 3982.00 to 3992.00.
Support should appear near 3929.00 to 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 135-07 then 135-2 and 136-07
Support should appear near 134-21 and 134-07
DEC 10 YR NOTE
Resistance should appear near 127-21and 128-07
Support should appear near 127-07 and 126-21.
THE FRENZIED FOREX FRONT
DEC DOLLAR INDEX
Resistance should appear near 7939 to 7954
Nearby support should appear near 7864 to 7836
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 13770 and 13690.
Resistance should appear near the 13830 region and should cap rallies.
DEC SWISS FRANC
Resistance should appear near 11227 and 11300 to 11360
BW Traders can sell at 11297 and hold for lower prices.
Support should appear near 11155 and 11010 to 10960.
DEC BRITISH POUND
Support should appear near 16150 to16090.
Resistance should appear near 16282 and the 16420 to 16550 region.
DEC CANADIAN DOLLAR
Resistance should appear near 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 9706 and 9641 to 9625.
DEC AUSSIE DOLLAR
Support should appear near the 9641 to 9625 and the 9542 to 9526 region.
Resistance should appear near 9706 to 9737 and 9821 to 9837
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1346.0 and 1362.0.
Support is near 1334.0 and 1322.0
DEC COPPER
Resistance should appear near 33770 to 33860 and 34250 to 34430
Support should appear near 33280 to 33190 and 32700 to 32610
DECEMBER SILVER
Support should appear near 2267 and 2226 to 2219.
Resistance is at 2315 to 2322 and the 2354.0 to 2370.0 region.
THE EXCITING ENERGIES
DEC CRUDE OIL
Resistance should appear near 9921 to 9937 and 10021 to 10037
Support should appear near 9737 to 9706 and 9641 to 9625
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.
DEC UNLEADED GAS
Support should appear near 25680 to 25620 and the 25190 to 25110 region.
Resistance should appear near 26120 to 26200 and 26630 to 26720.
DEC NATURAL GAS
Resistance should appear at 3734 to 3743 and 3795 to 3806
Support should appear near 3682 to 3663 and 3623 to 3613
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 13222 and 13100 to 13040.
Resistance should appear near 13340 to 13460.
FEB CATTLE
Support should appear near 13460 to 13340
Resistance should appear near 13530 and 13617
DEC HOGS
Support should appear near 8777 to 8762 and 8682 to 8662.
Resistance should appear near 8872 and 8932 to 8962
FEB HOGS
Support should appear near 8967 to 8932 and the 8872 to 8857 region.
Resistance should appear near 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 9062 and the 9137 to 9157 region.
JUNE HOGS
Support should appear near 9542 to 9527 and 9447 to 9427.
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 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 1946 to 1953 and 2034 to 2042
Support should appear near the 1909 to 1902 and 1865 to 1858. BW Traders can buy at 1867 and risk a close under 1851 for three days in a row.
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
Tuesday October 22, 2013 4:50 PM South Florida Beach Time
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