Futures Trading Investment Comments
Thursday February 4, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Wednesday February 3rd, 2016
5:30 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at the 16,150.00 to 16,090.00 and 15,920.00.
Resistance should appear near the 16,420.00 to 16,550.00 and 16,720.00
DOW JONES TRANSPORTS
Support should appear near 6755.00 to 6743.00 and 6591.00 to 6577.00
Resistance should appear near 6906.00 to 6919.00 and 6991.00 to 7003.00
MARCH E-MINI SP500
Resistance should appear 1927.50 and the 1946.00 to 1953.00 region. BW Traders can sell at 1945.75 and risk a close over 1957.75 for three days in a row. Support should appear near 1883.50 and the 1865.00 to 1858.00 region.
NASDAQ COMPOSITE
Resistance should appear at 4571.00 to 4582.00 and 4639.00 to 4650.00.
Support should appear near 4446.00 to 4425.00 and 4381.00 to 4370.00
MARCH E-MINI NASDAQ 100
Support should appear near 4120.00 to 4110.00 and 4056.00 to 4046.00
Resistance is at 4238.00 to 4249.00 and 4304.00 to 4314.00.
MARCH E-MINI RUSSELL 2000
Resistance should appear near 1010.40 to 1013.60 then 1018.50 and 1032.0 to 1036.0 Support should appear near 993.70 to 992.10 and 983.70 to 982.10
MARCH 30 YR BONDS
Resistance should appear near 163-07 and 164-07.
Support should appear near 161-21 and 160-22
MARCH 10 YR NOTES
Resistance should appear near 130-07 and 130-21
Support should appear near 129-12 and 129-07
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 9779 and 9821 to 9837 Support should appear near 9542 to 9526 MARCH JAPANESE YEN
Resistance should appear near 8560 to 8589 Support should appear near 8406 to 8391
MARCH EURO CURRENCY
Support should appear near 11010 to 10960. Resistance should appear near 11300 to 11360
MARCH SWISS FRANC
Resistance should appear near 10104 to 10136
Support should appear near 9937 to 9921
MARCH BRITISH POUND
Support should appear near 14530 and 14370. Resistance should appear near 14840 to 14960
MARCH CANADIAN DOLLAR
Resistance should appear near 7328 to 7342 and 7414 to 7428. BW Traders can sell at 7327, risk a close over 7347 for three days in a row.
Support should appear near 7170 to 7143 and 7088 to 7074.
MARCH AUSSIE DOLLAR Resistance should appear near 7328 to 7342
Support should appear near 7088 to 7074
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1150.0 and 1164.0 to 1169.0
Support should appear near 1136.0 to 1130.0
MARCH COPPER
Resistance should appear near 21700 to 21850
Support should appear near 20420 to 20340
MARCH SILVER
Support should appear near 1459. to 1453.
Resistance is at 1484 to 1496.
THE EXCITING ENERGIES
MARCH CRUDE OIL
Support should appear near 3213 to 3194 and 3102 to 3092
Resistance should appear near 3377 to 3386 and 3493 to 3503
APRIL CRUDE OIL
Support should appear near 3328 to 3319 and 3148 to 3157
Resistance should appear near 3553 to 3583 and 3613 to 3623
APRIL BRENT CRUDE OIL
Support should appear near 3213 to 3194.
Resistance should appear near 3858 to 3867
MARCH HEATING OIL
Support should appear near 10360 to 10320
Resistance should appear 11300 to 11360
MARCH UNLEADED GAS
Support should appear near 9737 to 9706
Resistance should appear 10580 to 10680
APRIL NATURAL GAS
Support should appear near 1.953 to 1.946
Resistance should appear near 2.170 to 2.180
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 877 ¾ to 876 ¾ and 868 ¼ to 866 ¾.
Resistance should appear near 893 ½ to 896 ½ and the 904 ½ to 906 region.
MAY SOYOIL Support should appear near 3045 to 3036 and 2990 to 2972. BW Traders can buy at 2997 for a bounce and hold for higher prices.
Resistance should appear near 3148 to 3157 and 3194 to 3213.
MAY SOYMEAL
Resistance should appear near 275.8 to 277.4 and 282.0 to 282.9
Support should appear near 267.2 to 266.3 and 262.0 to 261.2 MAY CORN
Support should appear near 368 ¼ to 366 ¼ and the 362 ¼ to 361 ¼ region. Resistance should appear near 379 ½ to 380 ¾ and the 385 ¾ to 386 ¾ region.
MAY WHEAT Support should appear near 471 ¾ to 469 ½ and the 465 to 463 ¾ region.
Resistance should appear near 485 ½ to 484 ¾ and 491 ½ to 492 ¾.
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13400 to 13340.
Resistance should appear near 13612 and 13770 to 13830
JUNE CATTLE
Support should appear near 12380 to 12320.
Resistance should appear near the 12680 to 12740 region. BW Traders can sell at 12672 and hold for lower prices.
APRIL HOGS
Resistance should appear near 6987 to 7007 and 7072 to 7087
Support should appear near 6922 to 6907 and 6837 to 6807.
THE SATISFYING SOFTS
MAY COFFEE
Resistance should appear near 12320 to 12380 and 12680 to 12740 Support should appear near 12030 to 11920 and 11805 MAY COCOA Support should appear near 2724 to 2716 Resistance should appear near 2874 to 2882. MAY SUGAR Resistance is near 1334 to 1346 Support should appear near 1232 to 1238.
MAY COTTON Support should appear near 6190 to 6165 and 6113 to 6101. Resistance is 6257 to 6270 and 6337 to 6350
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 February 3, 2016 6:45 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.