Futures Trading Investment Comments
Friday July 8, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Welcome to the ‘Dog Days of Summer’ The period from about the first to second week of July to the second or third week of August has been known as ‘Dog Days of summer’; of course the period varies according to region……In the ancient Mediterranean it coincided with hot days that were plagued with disease and discomfort…
Thursday July 7, 2016
3:30 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,800.00 to 17,740.00 and 17,560.00
Resistance is at 17,940.00 and the 18,080.00 to 18,220.00 region.
DOW JONES TRANSPORTS
Support should appear near 7428.00 to 7414.00 and the 7342.00 to 7328.00 region. Resistance should appear near 7513.00 and the 7587.00 to 7601 region.
SEPT E-MINI SP500
Resistance should appear at 2107.50 and 2126.00 to 2134.00
Support should appear near 2080.00 and 2061.00.
NASDAQ COMPOSITE
Resistance should appear 4915.00 to 4926.00 and 4973.00 to 4995.00
Support should appear near 4856.00 to 4845.00 and 4785.00 to 4775.00.
SEPT E-MINI NASDAQ 100
Support should appear near 4381.00 to 4370.00.
Resistance is at 4503.00 to 4514.00
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1150.00 and 1164.00 to 1169.00
Support should appear near 1136.00 to 1130.00 and the 1101.00 to 1096.00 region.
SEPT 30 YR BONDS
Resistance should appear near 177-21 and 178-07.
Support should appear near 175-21 and 174-21.
SEPT 10 YR NOTES
Resistance should appear near 134-07 and 134-21.
Support should appear near 133-07 and 132-21
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9673 and 9706 to 9737 Support should appear near 9625 then 9583 and 9542 to 9526.
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 11010 to 10960. Resistance should appear near 11155 and 11227.
SEPT SWISS FRANC
Resistance should appear near 10320 to 10360.
Support should appear near 10136 to 10104.
SEPT BRITISH POUND
Support should appear near 12740 to 12680
Resistance should appear near 13040 to 13100 and 13217
SEPT CANADIAN DOLLAR
Resistance should appear near 7727 and 7763 to 7777.
Support should appear near 7675 then 7339 and 7601 to 7587
BW Traders should go short if a close under 7673 occurs
SEPT AUSSIE DOLLAR Resistance should appear near 7486 to 7513 and 7587 to 7601
Support should appear near 7428 to 7414 and 7342 to 7328
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1377 to 1383 and the 1415 to 1421 region.
Support should appear near 1346 to 1334 and 1310 to 1304.
SEPT COPPER
Resistance should appear 21240 and 21700 to 21850
Support should appear near 20890 to 20800 and 20420 to 20340
SEPT SILVER
Resistance should appear near 1982 to 1996 and 2034 to 2042.
Support is at 1953.0 to 1946.0 and 1909.0 to 1902.0.
THE EXCITING ENERGIES
AUGUST CRUDE OIL
Support should appear near 4446 to 4425 and the 4315 to 4304 region.
Resistance should appear near 4571 to 4582 and 4639 to 4650
SEPTEMBER CRUDE OIL
Support should appear near 4582 to 4571 then 4514 to 4503 and the 4446 to 4425 region.
Resistance should appear near 4639 to 4650 and 4695 to 4717
BW traders should go short if a close under 4567 occurs.
SEPTEMBER BRENT CRUDE OIL
Support should appear near 4582 to 4571 and 4514 to 4503.
Resistance should appear near 4695 to 4717 and 4775 to 4785
AUGUST HEATING OIL
Support should appear near 13990 and the 13830 to 13770 region.
Resistance should appear 14210 and 14530 to 14590
AUGUST UNLEADED GAS
Support should appear near 13460 to 13340 and the 13100 to 13040 region.
Resistance should appear near 13770 to 13830 and 14150 to 14210
AUGUST NATURAL GAS
Support should appear near 2672 to 2663 and 2620 to 2612.
Resistance should appear near 2820 to 2829 and 2874 to 2883.
THE GRANDE’ GRAINS
AUGUST SOYBEANS
Support should appear near 1036 to 1032 and the 1013 ¾ to 1010 ½ region.
Resistance should appear near 1058 to 1068 and 1082
NOVEMBER SOYBEANS
Support should appear near 1003 ¾ to 1002 ¼ and the 993 ¾ to 992 ¼ region.
Resistance should appear near 1032 to 1036 and 1047
AUGUST SOYOIL Support should appear near 2937 to 2928
Resistance should appear near 3036 to 3045
AUGUST SOYMEAL
Resistance should appear near 373.4 to 374.3 and 379.5 to 380.6
Support should appear near 362.3 to 361.3 and the 350.2 to 349.3 region.
SEPTEMBER CORN
Support should appear near the 338 ¾ to 337 ¾ and 332 ¾ to 331 ¾.
Resistance should appear near 342 ½ to 344 ¼ and 355 ¼ to 356 ¼
SEPTEMBER WHEAT Support should appear near 418 ¼ to 416 ¼ and 405 ¾ to 404 ¾.
Resistance should appear near 430 ½ to 431 ½ and 437 to 438 ¼.
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 11010 to 10960 Resistance should appear near 11300 to 11360 BW Traders should go short if a close under 1152 occurs
OCTOBER CATTLE
Support should appear near 11157 and 11017.
Resistance should appear near 11300 to 11360 and 11427.
JULY HOGS
Resistance should appear near 8117 to 8137 and 8192 to 8222
Support should appear near the 8047 to 8027 and 7992
AUGUST HOGS
Resistance should appear near 8027 to 8042 and 8117 to 8137.
BW Traders can sell at 8117 and hold for lower prices.
Support should appear near 7957 to 7937 and 7777 to 7762.
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Resistance should appear near 14370 and 14530 to 14590 Support should appear near 13990 and 13830 to 13770.
SEPTEMBER COCOA Support should appear near 3102 to 3092 and 3045 to 3036 Resistance should appear near 3148 to 3157 and 3194 to 3213
OCTOBER SUGAR Resistance is near 1982 to 1996 and 2034 to 2042 Support should appear near 1909 to 1902 and 1865 to 1858 DECEMBER COTTON Support should appear near 6430 to 6417 and 6350 to 6337 Resistance should appear near 6577 to 6591 and the 6659 to 6673 region.
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 July 7th 2016 4:10 PM South Florida Beach Time
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