Futures Trading Investment Comments
Wednesday June 1, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Tuesday May 31, 2016
4:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,740.00 and 17,560.00
Resistance is at 17,940.00 and 18,080.00 to 18,220.00
DOW JONES TRANSPORTS
Support should appear near 7689.00 to 7675.00. Resistance should appear near 7836.00 to 7864.00
JUNE E-MINI SP500
Resistance should appear at 2107.50 and 2126.00 to 2142.00
Support should appear near 2089.00 to 2080.00 and 2061.00. NASDAQ COMPOSITE
Resistance should appear at 4973.00 to 4995.00
Support should appear near 4926.00 to 4915.00
JUNE E-MINI NASDAQ 100
Support should appear near 4514.00 to 4503.00 and 4446.00 to 4425.00.
Resistance is at 4571.00 to 4582.00 and 4639.00 to 4650.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1164.00 to 1169.00
Support should appear near 1136.00 to 1130.00.
SEPT 30 YR BONDS
Resistance should appear near 163-21 and 164-07
Support should appear near 162-07 and 161-21.
SEPT 10 YR NOTES
Resistance should appear near 130-07 and 130-21
Support should appear near 129-07 and 129-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9625 to 9641 Support should appear near 9542 to 9529
JUNE JAPANESE YEN
Resistance should appear near 9100 and 9140 to 9156 Support should appear near 8964 to 8934
JUNE EURO CURRENCY
Support should appear near the 11010 to 10960 region. Resistance should appear near 11155 and 11227 JUNE SWISS FRANC
Resistance should appear near 10104 to 10136
Support should appear near 10037 to 10021
JUNE BRITISH POUND
Support should appear near 14370 and 14210 to 14150 Resistance should appear near 14530 to 14590
JUNE CANADIAN DOLLAR
Resistance should appear near 7675 to 7687
Support should appear near 7601 to 7587
JUNE AUSSIE DOLLAR Resistance should appear near 7242 to 7255 and 7291
Support should appear near 7170 to 7143 and 7088 to 7074.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1232.0 to 1238.0
Support should appear near 1203.0 to 1192.0
JULY COPPER
Resistance should appear 21260 to 21340
Support should appear near 19960 to 19820
JULY SILVER
Support should appear near 1576 to 1569 and 1535 to 1529
Resistance is at 1609 to 1615 and 1642 to 1655
THE EXCITING ENERGIES
JULY CRUDE OIL
Support should appear near 4785 to 4775 and 4717 to 4695 Resistance should appear near 4915 to 4926 and 4973 to 4995
AUGUST CRUDE OIL
Support should appear near 4915 and 4856 to 4845 Resistance should appear near 4973 to 4995 and 5056 to 5067
JULY BRENT CRUDE OIL
Support should appear near 4856 to 4845 and 4785 to 4775 Resistance should appear near 4995 and 5056 to 5067
JULY HEATING OIL
Support should appear near 14840 and 14590 to 14530
Resistance should appear 15125 and 15290 to 15350
JULY UNLEADED GAS
Support should appear near 15760 to 15690 and 15350 to 15290
Resistance should appear 16090 to 16150 and 16285
JULY NATURAL GAS
Support should appear near 2226 to 2219
Resistance should appear near 2354 to 2370
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1068 to 1058 and 1047
Resistance should appear near 1096 to 1101 and 1115.50
JULY SOYOIL Support should appear near 3102 to 3092
Resistance should appear near 3261 to 3270
JULY SOYMEAL
Resistance should appear near 404.6 to 405.6 and 411.0 to 412.0
Support should appear near 392.9 to 390.9 and 386.7 to 385.8
JULY CORN
Support should appear near 392 ¾ to 390 ¾
Resistance should appear near 411 to 412
JULY WHEAT Support should appear near 458 ¼ to 457 ¼
Resistance should appear near 469 ½ to 471 ¾ THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 11690 to 11640
Resistance should appear 11920 to 12030
OCTOBER CATTLE
Support should appear 11690 to 11640
Resistance should appear near 11807 and 11920 to 12030
JUNE HOGS
Resistance should appear near 8117 to 8137
Support should appear near 7957 to 7937
AUGUST HOGS
Resistance should appear near 8117 to 8137 and 8192 to 8222
Support should appear near 8047 to 8027 and 7957 to 7937
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 12320 to 12380 Support should appear near 12030 to 11920
JULY COCOA Support should appear near 2990 to 2972 Resistance should appear near 3092 to 3102
JULY SUGAR Resistance is near 1774 to 1780 and 1808 to 1822 Support should appear near 1731 and 1696 to 1689.
JULY COTTON Support should appear near 6350 to 6337 and 6270 to 6257 Resistance should appear near 6483 to 6509 and 6577 to 6591
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 May 31, 2016 6:15 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