Futures Trading Investment Comments
Friday June 24, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Thursday June 23, 2016
4:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,940.00 and 17,800.00
Resistance is at 18,220.00 and 18,580.00 to 18,650.00
DOW JONES TRANSPORTS
Support should appear near 7613.00 to 7486.00 Resistance should appear near 7836.00 to 7864.00
SEPT E-MINI SP500
Resistance should appear at 2152.00 and 2170.00 to 2185.00 region.
Support should appear near 2089.00 to 2080.00
NASDAQ COMPOSITE
Resistance should appear 5056.00 to 5067.00 and 5127.00 to 5139.00
Support should appear near 4856.00 to 4845.00
SEPT E-MINI NASDAQ 100
Support should appear near 4446.00 to 4425.00 and 4381.00 to 4370.00.
Resistance is at 4571.00 to 4582.00 and 4639.00 to 4650.00
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1192.00 to 1203.00
Support should appear near the 1169.00 to 1164.00
SEPT 30 YR BONDS
Resistance should appear near 166-21 and 167-07.
Support should appear near 164-21 and 163-07
SEPT 10 YR NOTES
Resistance should appear near 131-07 and 131-21.
Support should appear near 129-21 and 129-07
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9347 and 9388. Support should appear near 9156 to 9140.
SEPT JAPANESE YEN
Resistance should appear 9526 to 9542 Support should appear near 9445 to 9429 and 9347 to 9316
SEPT EURO CURRENCY
Support should appear near 11360 to 11300 Resistance should appear near 11640 to 11690 SEPT SWISS FRANC
Resistance should appear near 10580 to 10680.
Support should appear near 10470 and 10360 to 10320.
SEPT BRITISH POUND
Support should appear near 14840 and 14590 to 14530 Resistance should appear near the 15290 to 15350 region.
SEPT CANADIAN DOLLAR
Resistance should appear near 7864 and 7939 to 7954.
Support should appear near 7777 to 7763 and 7689 to 7675.
SEPT AUSSIE DOLLAR Resistance should appear near 7675 to 7689
Support should appear near 7587 and 7513 to 7486
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1268.0 to 1274.0.
Support should appear near the 1238.0 to 1232.0 region.
SEPT COPPER
Resistance should appear 22190 to 22260 Support should appear near 21340 to 21260
SEPT SILVER
Support should appear near 1696.0 to 1689.0 and 1655.0 to 1642.0
Resistance is at 1774.0 to 1780.0 and the 1808.0 to 1822.0 region. .
THE EXCITING ENERGIES
AUGUST CRUDE OIL
Support should appear near 4856 to 4845 and 4785 to 4775
Resistance should appear near 5056 to 5067 and 5127 to 5139
SEPTEMBER CRUDE OIL
Support should appear near 4995 to 4973
Resistance should appear near 5127 to 5139 AUGUST BRENT CRUDE OIL
Support should appear near 5067 to 5056. Resistance should appear near 5200 to 5211 and 5259 to 5282
AUGUST HEATING OIL
Support should appear near 15290 and 14960 to 148740
Resistance should appear 15690 to 15760
AUGUST UNLEADED GAS
Support should appear near 16090 and 15760 to 15690
BW Traders should go short if a close under 15672 occurs.
Resistance should appear near 16150 and 16420 to 16550
AUGUST NATURAL GAS
Support should appear near 2620 to 2612.
Resistance should appear near 2820 to 2829
THE GRANDE’ GRAINS
AUGUST SOYBEANS
Support should appear near 1101 to 1096.
Resistance should appear near 1130 to 1136.
NOVEMBER SOYBEANS
Support should appear near 1082 and 1068 to 1058
Resistance should appear near 1115 ½ and 1130 to 1136.
AUGUST SOYOIL Support should appear near 3102 to 3092 and the 3045 to 3036 region.
Resistance should appear near 3194 to 3213 and 3261 to 3270. AUGUST SOYMEAL
Resistance should appear near 385.8 to 386.7 and 390.9 to 392.9
Support should appear near 380.6 to 379.5 and 374.3 to 373.4
SEPTEMBER CORN
Support should appear near 386 ¾ to 385 ¾ and 374 ¼ to 373 ½
Resistance should appear near 404 ¾ to 405 ¾ and 411 to 412
SEPTEMBER WHEAT Support should appear near 465 to 463 ¾ and 458 ¼ to 457
Resistance should appear near 469 ½ to 471 ¾ and 477 ¾ to 478 ½
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 11360 to 11300 and 11227 Resistance should appear near 11427 and 11507
OCTOBER CATTLE
Support should appear near 11360 to 11300 and 11227
Resistance should appear near 11427 and 11507
JULY HOGS
Resistance should appear near 8482 to 8502 and 8557 to 8587
Support should appear near 8407 to 8392 and 8317 to 8300 region.
AUGUST HOGS
Resistance should appear near 8587 and 8662 to 8687
Support should appear near 8502 to 8482 and 8407 to 8382.
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Resistance should appear near 14530 to 14590. Support should appear near 13830 to 13770. Aggressive BW traders should go short if a close under 13765 occurs.
SEPTEMBER COCOA Support should appear near 3101 to 3092 Resistance should appear near 3194 to 3213.
OCTOBER SUGAR Resistance is near 1946 to 1953 and 1982 to 1996 Support should appear near 1909 to 1902 and 1865 to 1828. DECEMBER COTTON Support should appear near 6509 to 6483 and 6350 to 6337 Resistance should appear near 6577 to 6591 and 6659 to 6673
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 June 23, 2016 5:00 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