Futures Trading Investment Comments
Friday May 20, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Thursday May 19, 2016
8:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at the 17,380.00 to 17,310.00.
Resistance is at 17,560.00 and the 17,740.00 to 17,800.00 region.
DOW JONES TRANSPORTS
Support should appear near 7513.00 to 7486.00 and the 7342.00 to 7328.00 region. Resistance should appear near 7601.00 and 7675.00 to 7689.00 JUNE E-MINI SP500
Resistance should appear at 2061.50 and 2080.00 to 2089.00.
Support should appear near 2015.00 and the 1996.00 to 1989.00 region.
NASDAQ COMPOSITE
Resistance should appear 4775.00 to 4785.00 and 4845.00 to 4856.00
Support should appear near 4717.00 to 4695.00 and 4650.00 to 4639.00
JUNE E-MINI NASDAQ 100
Support should appear near 4249.00 to 4238.00
Resistance is at 4370.00 to 4381.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1101.00 and 1115.50.
Support should appear near 1082.00 and 1068.00 to 1058.00
JUNE 30 YR BONDS
Resistance should appear near 164-21 and 165-07
Support should appear near 163-21 and 163-07
JUNE 10 YR NOTES
Resistance should appear near 130-07 and 130-21
Support should appear near 129-07 and 128-21.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9625 to 9641. Support should appear near 9529 and 9477.
JUNE JAPANESE YEN
Resistance should appear near 9140 to 9156 Support should appear near 9060 to 9044 and 8964 to 8934
JUNE EURO CURRENCY
Support should appear near 11155 and 11010 to 10960 Resistance should appear near 11300 to 11330 and 11360.
JUNE SWISS FRANC
Resistance should appear near 10104 to 10136
Support should appear near 10037 to 10021
JUNE BRITISH POUND
Support should appear near 14590 to 14530 Resistance should appear near 14717 and 14840 to 14960
JUNE CANADIAN DOLLAR
Resistance should appear near 7675 to 7689
Support should appear near 7601 to 7587.
JUNE AUSSIE DOLLAR Resistance should appear near 7242 to 7255
Support should appear near 7088 to 7074
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1268.0 to 1274.0
Support should appear near 1238.0 to 1232.0
JULY COPPER
Resistance should appear 20800 to 20890
Support should appear near 19530 to 19450
JULY SILVER
Support should appear near 1615.0 to 1609.0
Resistance is at 1689.0 to 1696.0
THE EXCITING ENERGIES
JULY CRUDE OIL
Support should appear near 4856 to 4845 and 4650 to 4639.
Resistance should appear near 4915 to 4926 and 4973 to 4995
AUGUST CRUDE OIL
Support should appear near 4856 to 4845 and 4717 to 4695.
Resistance should appear near 4973 to 4995 and 5056 to 5067
JULY BRENT CRUDE OIL
Support should appear near 4856 to 4845
Resistance should appear near 5056 to 5067
JUNE HEATING OIL
Support should appear near 14210 to 14150 and 13830 to 13770
Resistance should appear 14960 and 15290 to 15350
JUNE UNLEADED GAS
Support should appear near 16150 to 16090 and 15760 to 15690
Resistance should appear 16420 to 16550 and 16890 to 16960
JULY NATURAL GAS
Support should appear near 2042 to 2034
Resistance should appear near 2219 to 2226
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1058 and 1036 to 1032
Resistance should appear near 1082 and 1096 to 1102
JULY SOYOIL
Support should appear near 3102 to 3092 and 2990 to 2972
Resistance should appear near 3194 to 3213 and 3261 to 3270 JULY SOYMEAL
Resistance should appear near 385.8 to 386.7
Support should appear near 362.3 to 361.3
JULY CORN
Support should appear near 386 ¾ to 385 ¾ and 380 ¾ to 379 ½
Resistance should appear near 398 ¼ to 399 ¼ and 404 ¾ to 405 ¾
JULY WHEAT Support should appear near 465 to 463 ¾ and 458 ¼ to 457 ¼
Resistance should appear near 477 ½ to 478 ½ and 484 ½ to 485 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear 12030 to 11920
Resistance should appear near 12175 and 12247
AUGUST CATTLE
Support should appear near 11690 to 11640
Resistance should appear near 11920 to 12030
JUNE HOGS
Resistance should appear 8117 to 8137
Support should appear near 7867 to 7837
AUGUST HOGS
Resistance should appear near 8117 to 8137 and 8192 to 8222
Support should appear near 7957 to 7937 and 7777 to 7762
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 12680 to 12740. BW Traders can sell at 12670. Support should appear near 12030 to 11920
JULY COCOA Support should appear near 2883 to 2874 Resistance should appear near 2928 to 2937 JULY SUGAR Resistance is near 1689 to 1696 Support should appear near 1615 to 1609 JULY COTTON Support should appear near 6035 to 6023 and 5880 to 5855 Resistance should appear near 6113 and 6165 to 6190 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 May 19, 2016 9:20 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