Futures Trading Investment Comments
Wednesday August 3, 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’
Tuesday August 2, 2016
2:00 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 18,400.00 and the 18,580.00 to 18,650.00 region.
DOW JONES TRANSPORTS
Support should appear near 7601.00 to 7587.00. Resistance should appear near the 7763.00 to 7777.00 region.
SEPT E-MINI SP500
Resistance should appear near the 2170.00 to 2185.00 region. Support should appear near the 2134.00 to 2126.00 region.
NASDAQ COMPOSITE
Resistance should appear 5200.00 to 5211.00
Support should appear near 5127.00 and 5067.00 to 5056.00
SEPT E-MINI NASDAQ 100
Support should appear near 4695.00 and 4650.00 to 4639.00
Resistance is at 4775.00 to 4785.00
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1217.50 and 1232.00 to 1238.00
Support should appear near 1203.00 to 1192.00 and 1180.50
SEPT 30 YR BONDS
Resistance should appear near 172-21 and 173-07
Support should appear near 171-21 and 170-07
SEPT 10 YR NOTES
Resistance should appear near 133-07 and 133-21.
Support should appear near 131-21 and 131-07.
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9625 to 9641 and 9706 to 9737 Support should appear near 9542 to 9526 and 9445 to 9429
JAPANESE YEN
Resistance should appear 10021 to 10037 and 10104 to 10136. Support should appear near 9837 to 9821 and 9737 to 9706
SEPT EURO CURRENCY
Support should appear near 11157 and the 11010 to 10960 region. Resistance should appear near 11227 and the 11300 to 11360 region. SEPT SWISS FRANC
Resistance should appear near 10320 to 10360 and 10470
Support should appear near 10227 and 10187.
SEPT BRITISH POUND
Support should appear near 13220 and 13100 to 13040
Resistance should appear near 13340 to 13460 and 13615
SEPT CANADIAN DOLLAR
Resistance should appear near 7675 to 7689.
Support should appear near 7601 to 7587.
BW Traders can sell if a close under 7584 occurs.
SEPT AUSSIE DOLLAR Resistance should appear near 7675 to 7601 and the 7675 to 7689 region.
Support should appear near 7513 to 7486. BW Traders should go short if a close under 7483 occurs.
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1377 to 1383
Support should appear near 1346.0 to 1334.0
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 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 4110 to 4120 and 4238 to 4249.
OCTOBER CRUDE OIL
Support should appear near 4120 to 4110 and 4056 to 4046.
Resistance should appear near 4238 to 4249 and 4304 to 4315.
OCTOBER BRENT CRUDE OIL
Support should appear near 4315 to 4304 and 4249 to 4238
Resistance should appear near 4370 to 4381 and 4425 to 4446.
SEPT HEATING OIL
Support should appear near 12740 to 12680 and the 1212380 to 12320 region.
Resistance should appear near 13040 to 13100 and 13340 to 13460.
SEPT UNLEADED GAS
Support should appear near 13460 to 13340 and 13100 to 13040
Resistance is at 13770 to 13830 and 13990.
SEPT NATURAL GAS
Support should appear near 2829 to 2820 and 2775 to 2758 Resistance should appear near 2874 to 2883 and 2928 to 2937
THE GRANDE’ GRAINS
SEPTEMBER SOYBEANS
Support should appear near 964 ¼ to 962 1/2 and 954 ¼ to 952 ¾
Resistance should appear near 982 ¼ to 983 ¼ and 992 ¼ to 993 ¾
NOVEMBER SOYBEANS
Support should appear near 934 ¾ to 931 ¾ and 915 ¾ to 914
Resistance should appear near 962 ½ to 964 ¼ and 970 ¾ to 973 ¾
SEPTEMBER SOYOIL Support should appear near 2990 to 2972
Resistance should appear near 3092 to 3102
DECEMBER 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
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 405 ¾ to 404 ¾ and 399 ¼ to 398 ¼.
Resistance should appear near 411 to 412 and 416 ¼ to 418 ¼
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 11500 and 11360 to 11300 Resistance should appear near the 11640 to 11690 region. BW Traders should go short if a close under 11297 occurs
DECEMBER CATTLE
Support should appear near 11360 to 11300. Resistance should appear near the 11640 to 11690 region.
AUGUST HOGS
Support should appear near 6757 to 6742 and 6672 to 6657
Resistance should appear near 6907 to 6922 and 6990 to 7007
OCTOBER HOGS
Resistance should appear near 5982 and 6022 to 6037.
Support should appear near 5880 to 5852 and 5807 to 5792
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Resistance should appear near 14150 to 14210 and 14530 to 14590. Support should appear near the 13830 to 13770 region. SEPTEMBER COCOA Support should appear near 2937 to 2928 Resistance should appear near 3038 to 3045 OCTOBER SUGAR Resistance is near 1946 to 1953 and the 1982 to 1996 region. Support should appear near 1865 to 1858 and 1822 to 1808. DECEMBER COTTON Support should appear near 7342 to 7328 and 7255 to 7242 Resistance should appear near 7486 to 7512 and 7486 to 7513
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
Wednesday August 3, 2016 3:35 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.