tures Trading Investment Comments
Tuesday August 2, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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‘A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice’
Monday August 1, 2016
6:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 18,220.00 to 18,080.00.
Resistance is at 18,580.00 to 18,650.00.
DOW JONES TRANSPORTS
Support should appear near 7763.00 and 7689.00 to 7675.00. Resistance should appear near 7864.00 and the 7939.00 to 7954.00 region.
SEPT E-MINI SP500
Resistance should appear near 2170.00 to 2185.00. Support should appear near 2152.00 and 2134.00 to 2126.00.
NASDAQ COMPOSITE
Resistance should appear 5200.00 to 5211.00 and 5259.00 to 5282.00
Support should appear near 5139.00 to 5127.00 and 5067.00 to 5056.00.
SEPT E-MINI NASDAQ 100
Support should appear near 4717.00 to 4695.00 and 4650.00 to 4639.00
Resistance is at 4775.00 to 4785.00 and 4845.00 to 4856.00
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1232.00 to 1238.00
Support should appear near 1203.00 to 1192.00.
SEPT 30 YR BONDS
Resistance should appear near 173-21 and 174-07
Support should appear near 171-21 and 171-07
SEPT 10 YR NOTES
Resistance should appear near 133-21 and 134-07.
Support should appear near 131-07 and 130-21.
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9625 to 9641. Support should appear near 9445 to 9429.
JAPANESE YEN
Resistance should appear 9921 to 9937 and 10104 to 10136. Support should appear near 9706 and 9641 to 9625.
SEPT EURO CURRENCY
Support should appear near 11010 to 10960. Resistance should appear near 11300 to 11360. SEPT SWISS FRANC
Resistance should appear near 10470 and 10580 to 10680
Support should appear near 10320 and 10136 to 10104.
SEPT BRITISH POUND
Support should appear near 13100 to 13040
Resistance should appear near 13340 to 13460.
SEPT CANADIAN DOLLAR
Resistance should appear near 7675 to 7689.
Support should appear near 7587 and 7513 to 7486.
BW Traders can sell if a close under 7584 occurs.
SEPT AUSSIE DOLLAR Resistance should appear near 7587 to 7601 and the 7675 to 7689 region.
Support should appear near 7486 and the 7428 to 7414 region. BW Traders should go short if a close under 7483 occurs.
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1377 to 1383 and 1415.0 to 1421.0
Support should appear near 1346.0 to 1334.0 and 1322.0
SEPT COPPER
Resistance should appear 22190 to 22260 and the 22670 to 22750 region.
Support should appear near 21340 to 21260 and the 20890 to 20800 region.
SEPT SILVER
Resistance should appear near 2080.0 to 2089.0 and 2126.0 to 2134.0
Support is at 2042.0 to 2034.0 and 1996.0 to 1989.0.
THE EXCITING ENERGIES
SEPTEMBER CRUDE OIL
Support should appear near 3992 to 3982 and 3929 to 3909.
Resistance should appear near 4046 to 4056 and 4110 to 4120.
OCTOBER CRUDE OIL
Support should appear near 3929 to 3909 and 3867 to 3858.
Resistance should appear near 4110 to 4120 and 4163 to 4183
OCTOBER BRENT CRUDE OIL
Support should appear near 4183 to 4163 and 4120 to 4110
Resistance should appear near 4304 to 4315 and 4370 to 4381
SEPT HEATING OIL
Support should appear near 12030 to 11920 and 11690 to 11640
Resistance should appear near 13040 to 13100 and 13340 to 13460.
SEPT UNLEADED GAS
Support should appear near 12740 to 12680 and 12380 to 12320
Resistance is at 13340 to 13460 and the 13770 to 13830 region.
SEPT NATURAL GAS
Support should appear near 2724 to 2716 Resistance should appear near 2820 to 2829
THE GRANDE’ GRAINS
SEPTEMBER SOYBEANS
Support should appear near 954 ¼ to 952 ¾
Resistance should appear near 992 ¼ to 993 ¾
NOVEMBER SOYBEANS
Support should appear near 934 ¾ to 931 ¾
Resistance should appear near 970 ¾ to 973 ¾
SEPTEMBER SOYOIL Support should appear near 2939 to 2928 and the 2883 to 2874 region.
Resistance should appear near 2990 and 3036 to 3045
DECEMBER SOYMEAL
Resistance should appear near 337.7 to 338.6 and 342.5 to 344.3
Support should appear near 321.3 to 319.4 and 315.7 to 314.8
SEPTEMBER CORN
Support should appear near 321 ¼ to 319 ¼ and 315 ¾ to 314 ¾
Resistance should appear near 326 ¼ to 327 and 331 ¾ to 332 ¾
SEPTEMBER WHEAT Support should appear near 399 ¼ to 398 ¼ and the 386 ¾ to 385 ¾ region.
Resistance should appear near 411 to 412 and 423 ¾ to 424 ¾.
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 11360 to 11320 and 11227. Resistance should appear near 11500 and the 11640 to 11690 region.
DECEMBER CATTLE
Support should appear near 11360 to 11320 and 11227. Resistance should appear near 11500 and the 11640 to 11690 region.
AUGUST HOGS
Support should appear near 6757 to 6742 and the 6672 to 6657 region.
Resistance should appear near 6907 to 6922 and 6990 to 7007
OCTOBER HOGS
Resistance should appear near 6162 to 6192 and 6257 to 6272
Support should appear near 6037 to 6022 and 5957 to 5942
BW Traders should go short if a close under 5942 occurs.
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Resistance should appear near 14530 to 14590 and 14840 to 14960.
Support should appear near 14210 to 14150 and the 13830 to 13770 region.
SEPTEMBER COCOA
Support should appear near 2883 to 2874 and 2829 to 2820
Resistance should appear near 2972 to 2990 and 3036 to 3045
OCTOBER SUGAR
Resistance is near 1902 to 1909 and the 1982 to 1996 region.
Support should appear near 1822 to 1808 and the 1780 to 1774 region.
DECEMBER COTTON
Support should appear near 7342 to 7328 and 7255 to 7242.
Resistance should appear near 7486 to 7512 and 7587 to 7601.
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
Monday August 1, 2016 8:15 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.