Futures Trading Investment Comments
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“In the fields of observation chance favors only the prepared mind.” – Louis Pasture-
Friday April 29, 2016
3:30 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 is at 17,800.00 then 17940.00 and 18,080.00 to 18,220.00.
DOW JONES TRANSPORTS
Support should appear near 7836.00 and the 7777.00 to 7763.00 region.
Resistance should appear near 7939.00 to 7954.00 and 8029.00 to 8044.00
JUNE E-MINI SP500
Resistance should appear 2080.00 to 2089.00.
Support should appear near 2042.00 to 2034.00
NASDAQ COMPOSITE
Resistance should appear 4845.00 to 4856.00 and 4915.00 to 4926.00. Support should appear near 4717.00 to 4695.00 and the 4650.00 to 4639.00 region.
JUNE E-MINI NASDAQ 100
Support should appear near 4249.00 to 4238.00 and 4183.00 to 4163.00
Resistance is at 4370 to 4381.00 and 4406.5.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1136.00 and 1150.00.
Support should appear near 1101.00 to 1096.00.
JUNE 30 YR BONDS
Resistance should appear near 163-21 and 164-07
Support should appear near 162-21 and 162-07
JUNE 10 YR NOTES
Resistance should appear near 130-07 and 130-21
Support should appear near 129-21 and 129-07.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9316 to 9347 and 9429 to 9445 Support should appear near 9237 and 9156 to 9140.
JUNE JAPANESE YEN
Resistance should appear near 9429 to 9445 and the 9706 to 9737 region. Support should appear near 9347 to 9316 and 9237.
JUNE EURO CURRENCY
Support should appear near 11360 to 11330 and 11300 Resistance should appear near 11500 and 11640 to 11690
JUNE SWISS FRANC
Resistance should appear near 10580 then 10630 and 10680
Support should appear near 10360 to 10320.
JUNE BRITISH POUND
Support should appear near 14590 to 14530 and 14370. Resistance should appear near 14717 and 14840 to 14960.
JUNE CANADIAN DOLLAR
Resistance should appear near 8029 to 8044 and 8119 to 8134
Support should appear near 7954 to 7939 and 7864 to 7836.
JUNE AUSSIE DOLLAR Resistance should appear near 7601 and 7638
Support should appear near 7513 to 7486
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1304.0 to 1310.0 and 1334.0 to 1346.0
Support should appear near 1274.0 to 1268.0 and 1253.0
JULY COPPER
Resistance should appear 23150 to 23220.
Support should appear near 22260 to 22190.
JULY SILVER
Support should appear near 1738.0 to 1731.0 and 1696.0 to 1689.0
Resistance is at 1808.0 to 1822.0 and 1858 to 1865
THE EXCITING ENERGIES
JUNE CRUDE OIL
Support should appear near 4446 to 4425 and 4381 to 4370.
Resistance should appear near 4639 to 4650 and 4695 to 4717
JULY CRUDE OIL
Support should appear near 4582 to 4571 and 4514 to 45035
Resistance should appear near 4695 to 4717 and 4775 to 4785
JULY BRENT CRUDE OIL
Support should appear near 4717 to 4695 and 4650 to 4639
Resistance should appear near 4845 to 4856 and 4973 to 4995
JUNE HEATING OIL
Support should appear near 13460 to 13340 and 13100 to 13040
Resistance should appear 14150 to 14210 and 14530 to 14590
JUNE UNLEADED GAS
Support should appear near 15760 to 15690 and 15350 to 15210
Resistance should appear 16150 and 16420 to 16550
JUNE NATURAL GAS
Support should appear near 2042 to 2034 and 1996 to 1982
Resistance should appear near 2170 to 2185 and 2219 to 2226
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1013 ¾ to 1010 ½ and 1003 ¾ to 1002 ¼
Resistance should appear near 1032 to 1036 and 1058 to 1068
JULY SOYOIL Support should appear near 3270 to 3261
Resistance should appear near 3377 to 3386
JULY SOYMEAL
Resistance should appear near 337.7 to 338.6 and 342.5 to 344.3
Support should appear near 327.0 to 326.1 and 321.3 to 319.4
JULY CORN
Support should appear near 386 ¾ to 385 ¾ and 380 ¾ to 379 ½
Resistance should appear near 404 ¾ to 405 ¾ and 411 to 412
JULY WHEAT Support should appear near 478 ½ to 477 ¾ and 465 to 463 ¾
Resistance should appear near 491 ½ to 492 ¾ and 497 ¼ to 499 ½
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear 11360 to 11300
Resistance should appear near 11640 to 11690
AUGUST CATTLE
Support should appear 11010 to 10960
Resistance should appear near 11300 to 11360
JUNE HOGS
Resistance should appear near 8192 to 8222 and the 8300 to 8317 region.
Support should appear near 8137 to 8117 and 8047 to 8027
AUGUST HOGS
Resistance should appear near 8117 to 8137 and 8192 to 8222
Support should appear near 8047 to 8027 and 7957 to 7932
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 12320 to 12380 and 12525 Support should appear near 12030 to 11920 and 11690 to 11640
JULY COCOA
Support should appear near 3157 to 3148 Resistance should appear near 3261 to 3270 region.
JULY SUGAR Resistance is near 1689 to 1696. Support should appear near 1576 to 1569
JULY COTTON Support should appear near 6350 to 6337 and 6270 to 6257 Resistance should appear near 6483 to 6509 and 6659 to 6672
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
Friday April 29, 2016 4:35 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