Futures Trading Investment Comments
Thursday March 24, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Wednesday March 23rd, 2016
5:30 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support is at 17,380.00 to 17,310.00.
Resistance should appear near 17,740.00 to 17,800.00
DOW JONES TRANSPORTS
Support should appear near 7939.00 and 7864.00 to 7836.00
Resistance should appear near 8029.00 to 8044.00 and 8119.00 to 8134.00
JUNE E-MINI SP500
Resistance should appear 2034.00 to 2042.00 and 2061.00
Support should appear near 2015.00 and 1996.00 to 1982.00
NASDAQ COMPOSITE
Resistance should appear 4785.00 and 4845.00 to 4856.00
Support should appear near 4717.00 to 4695.00
JUNE E-MINI NASDAQ 100
Support should appear near 4381.00 to 4370.00 and 4315.00 to 4304.00
Resistance is at 4425.00 to 4446.00 and 4503.00 to 4514.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1096.00 to 1101.00 and 1115.50.
Support should appear near 1068.00 to 1058.00
JUNE 30 YR BONDS
Resistance should appear near 164-07 and 164-21
Support should appear near 162-21 and 162-07
JUNE 10 YR NOTES
Resistance should appear near 129-21 and 130-07
Support should appear near 128-21 and 128-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9625 to 9641, beyond that a test of 9673 is likely Support should appear near 9583 and 9542 to 9526
JUNE JAPANESE YEN
Resistance should appear near 8934 to 8964 and 9044 to 9060 Support should appear near 8871 to 8856 and 8683 to 8668
JUNE EURO CURRENCY
Support should appear near 11155 and 11010 to 10960 Resistance should appear near 11300 to 11360 and 11500 BW Traders can sell at 11327 and risk a close over 11367 for three days in a row.
JUNE SWISS FRANC
Resistance should appear near 10320 to 10360
Support should appear near 10187 and 10136 to 10104
JUNE BRITISH POUND
Support should appear near 13990 and 13830 to 13770 Resistance should appear near 14150 to 14210
JUNE CANADIAN DOLLAR
Resistance should appear near 7587 to 7601 and 7675 to 7689
Support should appear near 7513 to 7486
JUNE AUSSIE DOLLAR
Resistance should appear near 7547 and 7587 to 7601
Support should appear near 7486 and 7428 to 7414
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1232.0 to 1238.0
Support should appear near 1217.5 and 1203.0 to 1192.0
MAY COPPER
Resistance should appear 22670 to 22750
Support should appear near 21850 to 21700
MAY SILVER
Support should appear near 1496.0 to 1484.0
Resistance is at 1535.0 then 1553.0 and 1569.0 to 1576.0
THE EXCITING ENERGIES
MAY CRUDE OIL
Support should appear near 3929 to 3909 and the 3867 to 3858 region.
Resistance should appear near 3982 to 3992 and the 4046 to 4056 region.
JUNE CRUDE OIL
Support should appear near 4056 to 4046 and 3992 to 3982
Resistance should appear near 4110 to 4120 and 4163 to 4183
MAY BRENT CRUDE OIL
Support should appear near 3929 to 3909 and 3806 to 3795
Resistance should appear near 4046 to 4056 and 4110 to 4120
MAY HEATING OIL
Support should appear near 12030 to 11920, below that a test of 11690 to 11640 is likely.
Resistance should appear 12320 to 12380 and 12680 to 12740.
MAY UNLEADED GAS
Support should appear near 14590 to 14530 and 14210 to 14150
Resistance should appear 14840 to 14960 and 15290 to 15350
MAY NATURAL GAS
Support should appear near 1.822 to 1.808
Resistance should appear near 1.902 to 1.909
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 896 ½ to 893 ½
Resistance should appear near 910 and 914 to 915 ¾
MAY SOYOIL Support should appear near 3270 to 3261
Resistance should appear near 3377 to 3386
MAY SOYMEAL
Resistance should appear near 271.6 to 272.4 and 275.8 to 277.5
Support should appear near 267.2 to 266.3 and 262.0 to 261.2
MAY CORN
Support should appear near 362 ¼ to 361 1/4 Resistance should appear near 373 ½ to 374 ¾
MAY WHEAT Support should appear near 458 ¼ to 457 ½ and 446 ¾ to 442 ½
Resistance should appear near 468 ½ to 471 ¾ and 477 ½ to 478 ½ BW traders can sell July at 483 ¾
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13460 to 13340
Resistance should appear near 13687 and 13770 to 13830.
JUNE CATTLE
Support should appear 12382 to 12317
Resistance should appear near 12532 and 12680 to 12740
APRIL HOGS
Resistance should appear near 6992 to 7007 and 7072 to 7087 Support should appear near 6922 to 6907 and 6837 to 6807
JUNE HOGS
Resistance should appear near 8297 to 8317 and 8387 to 8407
Support should appear near 8222 to 8192 and 8137 to 8117.
THE SATISFYING SOFTS
MAY COFFEE
Resistance should appear near 13340 to 13460 and 13770 to 13830 Support should appear near 13100 to 13040 and the 12740 to 12680 region.
MAY COCOA Support should appear near 2883 to 2874 and 2829 to 2820 Resistance should appear near 2972 to 2990 and 3036 to 3045
MAY SUGAR Resistance is near 1689 to 1676 and 1731 to 1738 Support should appear near 1655 to 1642 and 1615 to 1609
MAY COTTON Support should appear near 5729 to 5716 and 5653 to 5640 Resistance should appear near 5855 to 5880 and 5945 to 5957
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 March 23rd, 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
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