FuturesCom Morning Investment Comments Wednesday July 03, 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
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
“Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable – ranks high. There are certain chances that the most prudent man is justified in taking – chances that he must take if he wishes to be more than a mercantile mollusk–“- Reminiscences of a Stock operator.
Tuesday July 02, 2013
4:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near the 14,840.00 region. Below that buyers should appear near 14,715.00.
Resistance should appear near 15,125.00 and the 15,290.00 to 15,350.00 region.
SEPTEMEBER E-MINI SP500
Resistance should appear near 1609.00 to 1615.00 a close over is friendly and augurs for a test of 1628.50.
Support should appear near 1600.25 then 1592.50 and the 1576.00 to 1569.00 region.
BW Traders should go long if a close over 1615.50 occur and stay tuned for a stop.
NASDAQ COMPOSITE
Resistance should appear near 3443.00.a close over is friendly and augurs for a test of 3493.00 to 3503.00.
Support should appear near the 3388.00 to 3377.00 region.
SEPTEMBER E-MINI NASDAQ 100
Support should appear near the 2905 and 2883.00 to 2874.00
Resistance should appear near 2928.00 to 2937.00. An extended trade or close over is friendly and augurs for a test of 2972.00 to 2990
BW Traders should go long if a close over 2940 occurs.
SEPTEMBER E-MINI RUSSELL 2000
Resistance should appear at 992.10 to 993.70 and 1002.10 to 1003.70
Support should appear near 983.70 to 982.10 and 973.70 to 970.60
SEPTEMBER 30 YR BOND
Resistance should appear near 136-07 and 136-21.
Support should appear near 135-07 and 134-21
SEPTEMBER 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
SEPT DOLLAR INDEX
Resistance should appear near 8391 to 8406.
Support should appear near 8314 to 8300.
SEPT JAPANESE YEN
Resistance should appear near 10021 to 10037
Support should appear near 9937 to 9921
SEPT EURO CURRENCY
Support should appear near 12890 and 12740 to 12680
Resistance should appear near 13040 to 13100
.
SEPT SWISS FRANC
Resistance should appear near 10580 to 10630 and 10680.
Support should appear near 10470 and the 10360 to 10320 region
SEPT BRITISH POUND
Support should appear near 15125 and the 14960 to 14840 region, which should hold.
Resistance should appear near 15290 to 15350. BW Traders can sell at 15287 and risk a close over 15367 for three days in a row.
SEPT CANADIAN DOLLAR
Resistance should appear near 9526 to 9542
Support should appear near 9445 to 9439
SEPTEMBER AUSSIE DOLLAR
Support should appear near 9060 to 9044 and 8964 to 8934.
Resistance should appear near 9140 to 9156.
BW Traders should go short if a close under 9043 occurs
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1268.00 to 1274.00 region. Beyond that sellers should appear near 1304.00 to 1310.00 region
Support is near 1238 to 1232 and 1203.00 to 1192.00.
SEPTEMBER COPPER
Resistance should appear near 31480 to 31570 and 31940 to 32130.
Support should appear near 31020 to 30920 and the 30450 to 30360 region.
SEPTEMBER SILVER
Resistance should appear near 1945 to 1953 and 1982 to 1996
Support is at 1909 to 1902 and 1865 to 1858
THE EXCITING ENERGIES
AUGUST CRUDE OIL
Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near 9937 to 9921 and 9837 to 9821
AUGUST HEATING OIL
Support should appear near should appear near 28290 to 28200 and the 27750 to 27580 region.
Resistance should appear 29280 to 29370 and 29720 to 29900
AUGUST UNLEADED GAS
Support should appear near 27240 to 27160 and 27750 to 27580
Resistance should appear near the 28200 to 28290 region.
AUGUST NATURAL GAS
Resistance should appear at 3734 to 3743
Support should appear near 3563 to 3553
THE GRANDE’ GRAINS
AUGUST SOYBEANS
Support remains near 1421 to 1415 and 1399.
Resistance should appear near 1453 to 1459, beyond that sellers should appear near the 1484 to 1496
NOVEMBER SOYBEANS
Support should appear near 1238 to 1232. Below that buyers should appear near 1203 to 1192
Resistance should appear near 1268 to 1274, a close over is friendly and augurs for a test of 1304 to 1310.
AUGUST SOYOIL
Resistance should appear near 4695 to 4717 and 4775 to 4785
Support should appear near the 4650 to 4639 and 4582 to 4571
AUGUST SOYMEAL
Resistance should appear near 437.0 to 438.1 and 442.5 to 444.6.
Support should appear near 431.5 to 430.4 and 424.9 to 423.8
SEPTEMBER CORN
Support should appear 520 ¼ to 521 ¼
Resistance should appear near 541 ¾ to 543
DECEMBER CORN
Support should appear near 499 ½ to 497 ¾ region.
Resistance should appear near 520 to 521 ¼.
SEPTEMBER WHEAT
Resistance should appear near 665 ¾ to 667 ¼ and 674 ¾ to 675 ½. .
Support should appear near 650 ¾ to 648 ¾ and the 635 to 633 ¾ region.
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 12172 and the 12030 to 11920 region. BW Traders can buy at 12037 and risk a close under 11917 for three days in a row.
Resistance should appear near 12320 to 12380 region. Beyond that a test of 12530 and the 12680 to 12740 region is likely. BW Traders should go long if a close over 12387 occurs
OCTOBER CATTLE
Support should appear near 12537 and then 12247 and the 12380 to 12320 region.
Resistance should appear near the 12680 to 12740
AUGUST HOGS
Support should appear near the 9642 to 9622 and the 9542 to 9526 region.
Resistance should appear near 9707 to 9722 and 9822 to 9837.
BW Traders should go long if a close over 9852 occurs
OCTOBER HOGS
Support should appear near the 8407 to 8391 and contain a decline.
BW Traders can buy at 8407 for a bounce and risk a close under 8387 for three days in a row.
Resistance should appear near 8557 to 8587 and the 8667 to 8682 region.
Trade Accordingly and Stay Tuned for Livestock Flashes
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Support should appear near 12380 to 12320 and 12030 to 11920.
Resistance should appear near 12680 to 12740 and 13040 to 13100. BW Traders can sell at 12675 and risk a close over 12775 for three days in a row.
SEPTEMBER COCOA
Resistance should appear near 2219 to 2226.
Support should appear near 2134 to 2126.
OCTOBER SUGAR
Resistance is near 1689 to 1696,
Support should appear near 1615 to 1609 region.
DECEMBER COTTON
Support should appear near 8406 to 8391.
Resistance is 8668 to 8683
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 July 02, 2013
5:00 PM South Florida Beach Time
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