Futures Trading Investment Comments
Tuesday May 10, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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“Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable –
ranks high. There are certain chances that the most prudent man is justified in taking -chances that he must
take if he wishes to be more than a mercantile mollusk” – Reminiscences of a Stock Operator-
Monday May 09, 2016
3:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,560.00 and 17,380.00 to 17,310.00
Resistance is at 17,740.00 to 17,800.00 and 17,940.00.
DOW JONES TRANSPORTS
Support should appear near 7689.00 to 7675.00 and 7601.00 to 7587.00 Resistance should appear near 7763.00 to 7777.00 and 7939.00 to 7954.00 region.
JUNE E-MINI SP500
Resistance should appear at 2061.00 and the 2080.00 to 2089.00 region.
Support should appear near 2042.00 to 2034.00.
NASDAQ COMPOSITE
Resistance should appear 4775.00 to 4785.00 and 4845.00 to 4856.00 region.
Support should appear near 4717.00 to 4695.00 and 4650.00 to 4639.00.
JUNE E-MINI NASDAQ 100
Support should appear near 4315.00 to 4304.00.
Resistance is at 4370.00 to 4381.00 and the 4503.00 to 4514.00 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1130.00 to 1136.00.
Support should appear near 1101.00 to 1096.00.
JUNE 30 YR BONDS
Resistance should appear near 166-07 and 166-21.
Support should appear near 165-07 and 164-21.
JUNE 10 YR NOTES
Resistance should appear near 131-07 and 131-21.
Support should appear near 130-21 and 130-07.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9429 to 9445. Support should appear near 9483 and 9347 to 9316.
JUNE JAPANESE YEN
Resistance should appear near 9316 to 9347 Support should appear near 9156 to 9140.
JUNE EURO CURRENCY
Support should appear near 11360 to 11300. Resistance should appear near 11437 and 11500.
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 14210 to 14150. Resistance should appear near 14530 to 14590. BW Traders can sell at 1.4527 and risk a close over 14597 for three days in a row.
JUNE CANADIAN DOLLAR
Resistance should appear near 7763 to 7777
Support should appear near the 7601 to 7587 region
JUNE AUSSIE DOLLAR Resistance should appear near 7328 to 7342.
Support should appear near 7255 to 7242.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1268.0 and 1274.0
Support should appear near 1260.50 and 1253.0.
JULY COPPER
Resistance should appear 21260 to 21340.
Support should appear near 19960 to 19820
JULY SILVER
Support should appear near 1696.0 to 1689.0
Resistance is at 1714.5 and 1731.0 to 1738.0
THE EXCITING ENERGIES
JUNE CRUDE OIL
Support should appear near 4315 to 4304 and 4249 to 4238.
Resistance should appear near 4370 to 4381 and 4425 to 4446.
JULY CRUDE OIL
Support should appear near 4381 to 4370 and the 4314 to 4304 region.
Resistance should appear near 4425 to 4446 and 4503 to 4514.
JULY BRENT CRUDE OIL
Support should appear near 4249 to 4238.
Resistance should appear near 4425 to 4446.
JUNE HEATING OIL
Support should appear near 12740 to 12680
Resistance should appear 13040 to 13100
JUNE UNLEADED GAS
Support should appear near 14210 to 14150
Resistance should appear 14530 to 14590
JUNE NATURAL GAS
Support should appear near 2089 to 2080 and 20420 to 20340
Resistance should appear near 21260 to 21340 and the 21700 to 21850 region.
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1013 ¾ to 1010 ½ and 1003 ¾ to 1002 ¼.
Resistance should appear near 1047 and the 1058 to 1068.
JULY SOYOIL Support should appear near 3213 to 3194.
Resistance should appear near 3319 to 3326. JULY SOYMEAL
Resistance should appear near 349.3 to 350.3 and the 361.3 to 362.3 region.
Support should appear near 332.8 to 331.9 and the 321.3 to 319.4 region.
JULY CORN
Support should appear near 362.3 to 361.3 and the 356 ¼ to 355 ¼ region.
Resistance should appear near 379 ½ to 380 ¾ and 385 ¾ to 386 ¾.
JULY WHEAT Support should appear near 444 ¾ to 442 ½ and 431 ½ to 430 ¼.
Resistance should appear near 469 ½ to 471 ¾ and 477 ½ to 478 ½.
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear 12242 and 12175
Resistance should appear near 12380 and 12530
AUGUST CATTLE
Support should appear 11807 and 11697.
Resistance should appear near 12030 and 12172.
JUNE HOGS
Resistance should appear near 8027 to 8047 and 8117 to 8137
Support should appear near 7957 to 7937 and 7867 to 7837
Sell Rallies
AUGUST HOGS
Resistance should appear near 8117 to 8137 and 8182 to 8222
Support should appear near 8047 to 8027 and 7957 to 7932
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 12680 to 12740 and 12890. BW Traders can sell at 12670 and hold for lower prices. Support should appear near 12380 to 12320.
JULY COCOA
Support should appear near 3045 to 3036 and the 2990 to 2972 region. Resistance should appear near 3092 to 3102 and 3148 to 3157. BW Traders can sell at 3121 and hold for lower prices.
JULY SUGAR
Resistance is near 1609 to 1615 and the 1642 to 1655 region. Support should appear near 1535 to 1529 and the 1459 to 1453 region.
JULY COTTON
Support should appear near 6113 to 61010 and 6035 to 6023. Resistance should appear near 6165 to 6190 and 6257 to 6270
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
Monday May 9, 2016 4:00 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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