Futures Trading Investment Comments
Friday April 22, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Sometimes it is better to be wishing you were in a market and out rather than in a market wishing you were out.
Thursday April 21st 2016
6:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,940.00 and 17,800.00 to 17.740.00 region.
Resistance is at 18,080.00 to 18,220.00 and 18,400.00
DOW JONES TRANSPORTS
Support should appear near 7954.00 to 7939.00
Resistance should appear near 9194.00 to 8223.00
JUNE E-MINI SP500
Resistance should appear near 2089.00 and 2126.00 to 2134.00
Support should appear near 2080.00 and 2061.00
NASDAQ COMPOSITE
Resistance should appear 4973.00 to 4995.00
Support should appear near 4856.00 to 4845.00
JUNE E-MINI NASDAQ 100
Support should appear near 4446.00 to 4425.00 and 4381.00 to 4370.00
Resistance is at 4503.00 to 4514.00 and 4571.00 to 4582.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1136.00 and 1164.00 to 1169.00
Support should appear near 1115.00 and 1101.00 to 1096.00
JUNE 30 YR BONDS
Resistance should appear near 163-07 and 164-07.
Support should appear near 161-21 and 160-22
JUNE 10 YR NOTES
Resistance should appear near 130-07 and 130-21.
Support should appear near 129-07 and 128-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9526 to 9542 Support should appear near 9347 to 9316.
JUNE JAPANESE YEN
Resistance should appear near 9156 then 9236 and 9316 to 9347 Support should appear near 9060 to 9044 and 8964 to 8934
JUNE EURO CURRENCY
Support should appear near 11010 to 10960 Resistance should appear near 11360 then 11500 and 11640 to 11690 BW Traders can sell at 11633, risk a close over 11697 for three days in a row.
JUNE SWISS FRANC
Resistance should appear near 10320 to 10360 and 10470
Support should appear near 10136 to 10104
JUNE BRITISH POUND
Support should appear near 14210 to14150 Resistance should appear near 14370 and 14530 to 14590
JUNE CANADIAN DOLLAR
Resistance should appear near 7939 to 7954
Support should appear near 7777 to 7763
JUNE AUSSIE DOLLAR Resistance should appear near 7763 to 7777 and 7836 to 7864
Support should appear near 7689 to 7675 and 7601 to 7587
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1268.0 to 1274.0
Support should appear near 1238.0 to 1232.0
JULY COPPER
Resistance should appear 23150 to 23220 and 23540 to 23700
Support should appear near 21850 to 21700 and 21340 to 21260.
JULY SILVER
Support should appear near 1696 to 1689 and 1655 to 1642
Resistance is at 1731 to 1738 and 1774 to 1780
THE EXCITING ENERGIES
JUNE CRUDE OIL
Support should appear near 4314 to 4304 and 4120 to 4110
Resistance should appear near 4425 to 4446 then 4503 to 4515 and 4571 to 4582.
JULY CRUDE OIL
Support should appear near 4381 to 4370 and 4314 to 4304
Resistance should appear near 4503 to 4514 and 4639 to 4650
BW Traders should go short if a close under 4237 occurs
JUNE BRENT CRUDE OIL
Support should appear near 4446 to 4425 and 4381 to 4370
Resistance should appear near 4503 to 4514 and 4571 to 4582
JUNE HEATING OIL
Support should appear near 13100 to 13040 and 12740 to 12680
Resistance should appear 13340 to 13460 and 13770 to 13830
JUNE UNLEADED GAS
Support should appear near 15290 and 14960 to 14840
Resistance should appear 15690 to 15760 and 16090 to 16150
JUNE NATURAL GAS
Support should appear near 2089 to 2080 Resistance should appear near 2315 to 2322
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1003 ¾ to 1002 ½
Resistance should appear near 1058 to 1068
JULY SOYOIL Support should appear near 3386 to 3377 and 3328 to 3319
Resistance should appear near 3493 to 3503 and 3553 to 3563
JULY SOYMEAL
Resistance should appear near 331.9 to 332.8 and 337.7 to 338.6
Support should appear near 321.3 to 319.4 and 315.7 to 314.8
JULY CORN
Support should appear near 380 ¾ to 379 ¾ and 374 ¼ to 373 ½ Resistance should appear near 404 ¾ to 405 ¾ and 411 to 412
JULY WHEAT Support should appear near 492 ¾ to 491 ½ and 485 ¾ to 484 ½
Resistance should appear near 512 ¾ to 513 ¾ and 534 ½ to 535 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear 11500 and 11432
Resistance should appear near 11807 and 11917.
AUGUST CATTLE
Support should appear 11360 to 11300 and 11155
Resistance should appear 11500 and 11640 to 11690
JUNE HOGS
Resistance should appear near 8027 to 8042 and 8117 to 8137
Support should appear near 7867 to 7832 and 7777 to 7762
AUGUST HOGS
Resistance should appear near 8027 to 8042 and 8117 to 8137
Support should appear near 7957 to 7937 and 7777 to 7762
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 12530 and 12680 to 12740 Support should appear near 12380 to 12320 and 12030 to 11920
JULY COCOA Support should appear near 3045 to 3036 Resistance should appear 3148 to 3157 JULY SUGAR Resistance is near 1609 to 1615 and 1642 to 1655 Support should appear near 1535 to 1529 and 1496 to 1484
JULY COTTON Support should appear near 6360 to 6337 and 6270 to 6257 Resistance should appear near 6483 to 6509 and 6657 to 6672
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
Thursday April 21st, 2016 7:40 PM South Florida Beach Time
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THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES AND FOREIGN EXCHANGE TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, FOREIGN EXCHANGE AND OPTIONS. TRADING FUTURES AND FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PLEASE TRADE WITH CAPITAL YOU CAN AFFORD TO LOSE. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. NO SOLICITATION IS MADE HERE FOR INDIVIDUALS TO BUY OR SELL FUTURES CONTRACTS, FOREIGN EXCHANGE OR OPTION MARKET. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. READERS ARE SOLEY RESPONSIBLE FOR HOW THEY USE THE INFORMATION AND FOR THEIR RESULTS. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FUTURES AND FOREIGN EXCHANGE AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS, THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES AND FOREIGN EXCHANGE TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. INTERNET RISKS ; THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET BASED SERVICE INCLUDING BUT NOT LIMITED TO, FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION, FUTURESCOM EMPLOYS BACK-UP SYSTEMS AND CONTINGENCY PLANS TO MINIMIZE THE POSSIBILITY OF SYSTEM FAILURE
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