Futures Trading Newsletter , Bi-Weekly Investment Outlook #488.
FuturesCom Futures Trading Newsletter Saturday November 28, 2015. SP500 and Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. for a Free Two Week trial to our Futures Trading Newsletter see https://futurescom.com/free-trial-2
“A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”
Saturday November 28th, 2015
6:00 AM, South Florida Beach Time Contact our office if you need analysis for global equity, foreign exchange markets or commodities not covered in our Bi-Weekly Investment Outlooks. With the month-end around the corner traders should continue to expect wide movements in all markets. Stay tuned for flashes, updates and additional comments and recommendations.
We rolled analysis to March for Treasuries, Forex analysis will roll to March over the next week.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,380.00 to 17,310.00 region. Below that buyers should appear near the 16,960.00 to 16,890.00 region.
Resistance should appear near the 18,080.00 to 18,220.00 region. Beyond that sellers should appear near 18,580.00 to 18,650.00
DOW JONES TRANSPORTS
Support should appear near 8044.00 to 8029.00 and the 7777.00 to 7763.00 region.
Resistance is at the 8300.00 to 8314.00 region where sellers should appear and cap a rally. Beyond that sellers should appear near the 8391.00 to 8406.00 region.
DECEMBER E-MINI SP500
Resistance should appear 2126.00 to 2134.00. Beyond sellers should appear near the 2170.00 to 2185.00 region.
Support should appear near 2089.00 to 2080.00 and the 2042.00 to 2034.00 region. Stay tuned for flashes
NASDAQ COMPOSITE
Resistance should appear at 5200.00 to 5211.00 and the 5344.00 to 5356.00 region. Beyond that, sellers should appear near the 5418.00 to 5430.00 region. Support should appear near the 4995.00 to 4973.00 region. Below that a test of 4856.00 to 4845.00 region is likely.
DECEMBER E-MINI NASDAQ 100
Support should appear near 4650.00 to 4639.00 and 4582.00 to 4571.00. Below that a test of 4381.00 to 4370.00 region is likely and should hold. Resistance is at 4775.00 to 4785.00 and the 4845.00 to 4856.00 region.
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 1232.00 to 1238.00 region. Beyond that sellers should appear near 1268.00 to 1274.00 and cap a rally. Support should appear near 1192.00 and the 1169.00 to 1164.00 region.
MARCH 30 YR BONDS
Resistance should appear near 155-07 and 156-22. Beyond that sellers should appear near 157-07.
Support should appear near 153-07 and 152-21. Below that buyers should appear near 151-22
MARCH 10 YR NOTES
Resistance should appear near 127-21. Beyond that sellers should appear near 128-07 and 130-21
Support should appear near 125-21 and 125-07. Below that buyers should appear near 123-21
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 10021 to 10037 region. An extended trade over is friendly and augurs for a test of 10104 to 10136. Support should appear near the 9937 to 9921. Below that buyers should appear near the 9837 to 9821 region and contain a decline. DECEMBER JAPANESE YEN
Resistance should appear near 8194 to 8223 and the 8300 to 8314 region. Traders can sell at 8194 and hold for lower prices. Beyond that sellers should appear near 8391 to 8406 region. Support should appear near the 8134 to 8119 and the 8044 to 8029 region, a close under is negative and augurs for a test of 7954 to 7939 region.
DECEMBER EURO CURRENCY
Support should appear near the 10580 region. A close under is negative and augurs for a test of 10470 and the 10360 to 10320 region. Resistance should appear near 10630 to 10680 and 10820 . Beyond that sellers should near 10960 to 11010.
DECEMBER SWISS FRANC
Resistance should appear near 9737 and the 9821 to 9837 region. Beyond that sellers should appear near 9921 to 9937
Support should appear near 9641 to 9625, an extended trade under is negative and augurs for an eventual test of 9542 to 9526.
DECEMBER BRITISH POUND
Support should appear near the 14960 to 14840 region. Below that a trade towards 14722 is likely. Resistance should appear near 15122 and the 15290 to 15350 region. Where sellers should appear and cap a rally.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 7513 and the 7587 to 7601 region. Beyond that sellers should appear near 7675 to 7689. Support should appear near the 7428 to 7414 region, an extended trade under is negative and augurs for a an eventual test of the 7342 to 7328 region.
DECEMBER AUSSIE DOLLAR Resistance should appear near 7242 to 7255 and the 7328 to 7342 region.
Support should appear near 7143 , a close under is negative and augurs for a test of 7088 to 7074 and the 7003 to 6990 region.
THE PRECIOUS METALS
FEBRUARY GOLD
Resistance should appear near 1058.0 to 1068.0 and the 1096.0 to 1101.0 region.
Support should appear near 1047.0 and the 1036.0 to 1032.0 region.
Below that a test of 1013.60 to 1010.40 and the 1003.7 to 1002.1 region is likely.
MARCH COPPER
Resistance should appear near 20800 to 20890 and 21260 to 21340 region. Beyond that sellers should appear near 21700 to 21850 and cap a rally.
Support should appear near 20420 to 20430 and the 19960 to 19820 region. Failure there is negative and augurs for a test of 18650 to 18580.
MARCH SILVER
Support should appear near 1383.0 to 1377.0 and the 1346.0 to 1334.0 region.
Resistance is at 1415.0 to 1421.0 and the 1453.0 to 1459.0 region.
THE EXCITING ENERGIES
JANUARY CRUDE OIL
Support should appear near 4120 to 4110 and 4056 to 4046. Below that a test of 3929 to 3909 is likely.
Resistance should appear near 4238 to 4249 and the 4304 to 4315 region. Beyond that sellers should appear near 4370 to 4381 and the 4425 to 4446 region.
FEBRUARY CRUDE OIL
Support should appear near 4249 to 4238 and 4183 to 4163. Below that a test of the 4056 to 4046 region is likely to occur.
Resistance should appear near 4370 to 4381 and the 4503 to 4514 region. Beyond that sellers should appear near 4571 to 4582. Traders can sell at 4422 and hold for lower prices.
JANUARY BRENT CRUDE OIL
Support should appear near 4381 to 4370. Below that a test of 4315 to 4304 is likely.
Resistance should appear near 4571 to 4582 and 4639 to 4650. Beyond that sellers should appear near 4695 to 4717.
JANUARY HEATING OIL
Support should appear near 13460 to 13340 and the 13100 to 13040 region. Below that buyers should appear near 12740 to 12680.
Resistance should appear 13770 to 13830 and the 14150 to 14210 region. Beyond that sellers should appear near the 14530 to 14590 region.
JANUARY UNLEADED GAS
Support should appear near the 13100 to 13040 region. Below that a test of 12740 to 12680 is likely.
Resistance should appear 13770 to 13830 and the 14150 to 14210 region.
JANUARY NATURAL GAS
Support should appear near 2.185 to 2.170 and the 2.089 to 2.080 region.
Below that a test of 1.953 to 1.946 is likely Resistance should appear near 2.315 to 2.322. Beyond that sellers should appear near the 2.411 to 2.419 region.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 868 ¼ to 866 ½ and 858 ¾ to 856 region. Failure to hold is negative and augurs for a test of 831 ½ to 830 region.
Resistance should appear near the 876 ¼ to 877 ¾ region. Beyond that sellers should appear near 885 ¾ to 887 ¼ and the 893 ½ to 896 ½ region.
JANUARY SOYOIL Support should appear near 2877 and the 2829 to 2820 region. Below that a test of 2775 to 2758 is likely.
Resistance should appear near the 2928 to 2937 region. Beyond that sellers should appear near 2972 to 2990 and cap a rally.
JANUARY SOYMEAL
Resistance should appear near 287.4 to 288.3 and 297.2 to 299.0. Beyond that sellers should appear near the 303.6 to 304.5 region and cap a rally.
Support should appear near 282.9 to 282.0 region. Failure to hold is negative and augurs for a test of 267.2 to 263.6
MARCH CORN
Support should appear near the 362 ¼ to 361 ¼ region. Below that a test of 350 ¼ to 349 ¼ and eventually the 338 ¾ to 337 ¾ region is likely. Resistance should appear near 373 ½ to 374 ¼ and the 385 ¾ to 386 ¾ region.
MARCH WHEAT Support should appear near 465 to 463 ¾ and the 438 ¼ to 437 region.
Resistance should appear near 484 ½ to 485 ¾ and the 505 ¾ to 506 ¾.
THE LIVELY LIVESTOCK
FEBRUARY CATTLE Support should appear near 13100 to 13040 and 12740 to 12680.
Resistance should appear near 13770 to 13830 and 14150 to 14210
APRIL CATTLE
Support should appear near 13100 to 13040 and 12680 to 12740
Resistance should appear near 13460 and 13770 to 13830
FEBRUARY HOGS Support should appear near 5430 to 5412 and the 5212 to 5200 region. Below that an eventual test of 5067 to 5057 is likely.
Resistance should appear near the 5855 to 5880 region. Beyond that sellers should appear near 5942 to 5957 and 6022 to 6035. Traders can sell at 5937 and risk a close over 6042 for three days in a row.
APRIL HOGS
Resistance should appear near the 6257 to 6270 region. Beyond that sellers should appear near 6337 to 6350 and cap a rally.
Support should appear near the 6037 to 6022 region. Below that a test of 5957 to 5942 likely.
Stay tuned for Livestock flashes and updates.
THE SATISFYING SOFTS
MARCH COFFEE
Resistance should appear near 12680 to 12740 and the 13040 to 13100 region, where sellers should appear and cap a rally. Support should appear near 12320 and 12030 to 11920. Below that a test of 11690 to 11640 is likely. Traders should go short if a close under 12310 occurs.
MARCH COCOA Support should appear near the 3213 to 3194 region. Below that a test of 3157 to 3148 is likely and should hold. Resistance should appear near the 3377 to 3386 and the 3425 to 3443 region. Beyond that sellers should appear near 3553 to 3563 and cap a rally. MARCH SUGAR Resistance is near 1529 to 1535 and the 1569 to 1576 region , where sellers should appear and a cap a rally. Support should appear near 1421 to 1415 and the 1383 to 1377 region. Below that a test of 1346 to 1334 is likely and should contain a decline.
MARCH COTTON
Support should appear near the 6350 to 6337 and the 6035 to 6023 region.
Resistance is at 6483 to 6509 and the 6657 to 6672 region.
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
Saturday November 28th, 2015 5:15 PM South Florida Beach Time
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