Futures Trading Investment Comments
Wednesday August 24, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Tuesday August 23rd, 2016
1:30 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 18,400.00 and 18,220.00 to 18,080.00
Resistance is at 18,580.00 to 18,650.00 and 18,835.00.
DOW JONES TRANSPORTS
Support should appear near 7864.00 to 7836.00 Resistance should appear near 7954.00 and 8029.00 to 8044.00.
SEPT E-MINI SP500
Resistance should appear near 2202.00 and 2219.00 to 2226.00
Support should appear near 2177.50 and 2170.00
NASDAQ COMPOSITE
Resistance should appear near the 5344.00 to 5356.00 region.
Support should appear near 5211.00 to 5200.00.
SEPT E-MINI NASDAQ 100
Support should appear near 4785.00 to 4775.00.
Resistance is at 4845.00 to 4856.00.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1253.00 and 1268.00 to 1274.00
Support should appear near 1238.00 to 1232.00.
DEC 30 YR BONDS
Resistance should appear near 171-21 and 172-07.
Support should appear near 170-07 and 169-21
DEC 10 YR NOTES
Resistance should appear near 132-07 and 133-07
Support should appear near 130-21 and 130-07.
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9542 to 9526 Support should appear near 9445 to 9429 and 9388
JAPANESE YEN
Resistance should appear 10021 to 10037 and 10104 to 10136 Support should appear near 9937 to 9921 and 9837 to 9821
SEPT EURO CURRENCY
Support should appear near 11300 and 11227. Resistance should appear near 11360 and 11427 SEPT SWISS FRANC
Resistance should appear near 10470 and10580 to 10680
Support should appear near 10360 to 10320
SEPT BRITISH POUND
Support should appear near 13100 to 13040 and 12965
Resistance should appear near 13220 and 13340 to 13460.
SEPT CANADIAN DOLLAR
Resistance should appear near 7763 to 7777and 7836 to 7864.
Support should appear near 7689 to 7675 and 7601 to 7587
SEPT AUSSIE DOLLAR Resistance should appear near 7638 and 7675 to 7689.
Support should appear near 7601 to 7587 and 7513 to 7486 BW Traders should can sell at 7761 and risk 50 points.
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1361.50 and 1377.0 to 1383.0
Support should appear near 1340.0 and 1334.0 and 1322.0
DECEMBER COPPER
Resistance should appear near 21260 to 21340 and 21700 to 21850 Support should appear near 20890 to 20800 and 20420 to 20340
DECEMBER SILVER
Resistance should appear near 1909.0 and 1946.0 to 1953.0
Support is at 1865.0 to 1858.0 and 1822.0 to 1808.0
THE EXCITING ENERGIES
OCTOBER CRUDE OIL
Support should appear near 4785 to 4775 and 4650 to 4639.
Resistance should appear near 4845 to 4856 and 4915 to 4926
NOVEMBER CRUDE OIL
Support should appear near 4856 to 4845 and 4785 to 4775
Resistance should appear near 4915 to 4926 and 4973 to 4995
OCTOBER BRENT CRUDE OIL
Support should appear near 4856 to 4845 and 4785 to 4775
Resistance should appear near 5056 to 5067 and 5127 to 5139
OCTOBER HEATING OIL
Support should appear near 14960 to 14840 and 14590 to 14530
Resistance should appear near 15290 to 15350 and 15690 to 15760
OCTOBER UNLEADED GAS
Support should appear near 14150 and 13830 to 13770.
Resistance is at 14530 to 14590 and 14840 to 14960
OCTOBER NATURAL GAS
Support should appear near 2724 to 2716 and 2672 to 2663 Resistance should appear near 2758 to 2775 and 2820 to 2829 THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 1010 ½ and 1003 ¾ to 1002 ¼.
Resistance should appear near 1032 to 1036 and 1047. BW Traders can sell at 1031 ¾ and risk a close over 1047 ½ for three days in a row.
DECEMBER SOYOIL Support should appear near 3386 to 3377 and 3328 to 3319
Resistance should appear near 3443 and 3493 to 3503
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
DECEMBER CORN
Support should appear 332 ¾ to 331 ¾ and 327 to 326 ¼
Resistance should appear near 342 ½ to 344 ¼ and 349 ¼ to 350 ½
DECEMBER WHEAT Support should appear near 424 ¾ to 423 ¾ and 418 ¼ to 416 ¼
Resistance should appear near 430 ¼ to 431 ½ and 437 to 438 ¼
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 10960 and 10822
Resistance should appear near 11010 and 11082
DECEMBER CATTLE
Support should appear near 11010 to 10960
Resistance should appear near 11157 and 11227
OCTOBER HOGS
Resistance should appear near 6102 to 6117 and 6162 to 6187
Support should appear near 6037 to 6022 and 5957 to 5942.
DECEMBER HOGS
Resistance should appear near 5717 to 5732 and 5792 to 5807.
Support should appear near 5652 to 5637 and the 5577 to 5552 region.
THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near 14840 to 14960 and 15290 to 15350 Support should appear near 14590 to 14530 and 14370. DECEMBER COCOA Support should appear near 2990 to 2972 Resistance should appear near 3092 to 3102 OCTOBER SUGAR Resistance is near 2080 to 2089 and 2126 to 2134 Support should appear near 2042 to 2034 and 1996 to 1982 DECEMBER COTTON Support should appear near 6755 to 6743 and 6673 to 6659 Resistance should appear near 6906 to 6919 and 6990 to 7003
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 August 23, 2016
3:00 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.