Futures Trading Investment Comments
Friday May 27, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Thursday May 26, 2016
7:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,800.00 to 17,740.00
Resistance is at 17,940.00 and 18,080.00 to 18,220.00
DOW JONES TRANSPORTS
Support should appear near 7689.00 to 7675.00. Resistance should appear near 7763.00 to 7777.00
JUNE E-MINI SP500
Resistance should appear at 2126.00 to 2142.00
Support should appear near 2080.00 then 2061.00 and 2042.00 to 2034.00. NASDAQ COMPOSITE
Resistance should appear at 4915.00 to 4926.00 and 4973.00 to 4995.00
Support should appear near 4856.00 to 4845.00
JUNE E-MINI NASDAQ 100
Support should appear near 4446.00 to 4425.00.
Resistance is at 4503.00 to 4514.00 and 4571.00 to 4582.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1164.00 to 1169.00
Support should appear near 1136.00 to 1130.00.
SEPT 30 YR BONDS
Resistance should appear near 163-07 and 163-21
Support should appear near 161-21 and 161-07.
SEPT 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 9526 to 9542 and 9625 to 9641 Support should appear near 9473 and 9445 to 9429
JUNE JAPANESE YEN
Resistance should appear near 9237 and 9316 to 9347 Support should appear near 9101 and 9060 to 9044.
JUNE EURO CURRENCY
Support should appear near the 11010 to 10960 region. Resistance should appear near 11227 and 11300 to 11360 BW Traders can sell at 11297 and risk a close over 11367 for three days in a row. JUNE SWISS FRANC
Resistance should appear near 10136 and 10187
Support should appear near 10037 to 10021.
JUNE BRITISH POUND
Support should appear near 14590 to 14530. Resistance should appear near 14840 to 14960
JUNE CANADIAN DOLLAR
Resistance should appear near 7763 to 7777
Support should appear near 7687 to 7675 and 7638
JUNE AUSSIE DOLLAR Resistance should appear near 7242 to 7255 and 7291
Support should appear near 7170 to 7143 and 7088 to 7074.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1232.0 to 1238.0
Support should appear near 1203.0 to 1192.0
JULY COPPER
Resistance should appear 21260 to 21340
Support should appear near 20420 to 20340.
JULY SILVER
Support should appear near 1615 to 1609
Resistance is at 1655 and 1689 to 1696
THE EXCITING ENERGIES
JULY CRUDE OIL
Support should appear near 4926 to 4915 and 4856 to 4845 Resistance should appear near 4973 to 4995 and 5056 to 5067
AUGUST CRUDE OIL
Support should appear near 4926 to 4915 and 4856 to 4845 Resistance should appear near 5056 to 5067 and 5127 to 5139
JULY BRENT CRUDE OIL
Support should appear near 4856 to 4845 Resistance should appear near 5056 to 5067
JULY HEATING OIL
Support should appear near 14840 and 14590 to 14530
Resistance should appear 15290 to 15350 and 15690 to 15760
JULY UNLEADED GAS
Support should appear near 16150 to 16090
Resistance should appear 16420 to 16550
JULY NATURAL GAS
Support should appear near 2089 to 2080 and 21260 to 21340
Resistance should appear near 2170 to 2185 and 2219 to 2226
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1068 to 1058.
Resistance should appear near 1096 to 1101
JULY SOYOIL Support should appear near 3045 to 3036 and 2990 to 2972
Resistance should appear near 3148 to 3157 and 3194 to 3213 JULY SOYMEAL
Resistance should appear near 416.3 to 419.3 and 423.8 to 424.9
Support should appear near 392.9 to 390.9 and 386.7 to 385.8
JULY CORN
Support should appear near 392 ¾ to 390 ¾
Resistance should appear near 416 ¼ to 418 ¼
JULY WHEAT Support should appear near 471 ¾ to 469 ½
Resistance should appear near 491 ½ to 492 ¾ THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear 11805 and 11690 to 11640
Resistance should appear near 11920 to 12030
AUGUST CATTLE
Support should appear near 11360 to 11300
Resistance should appear 11640 to 11690
JUNE HOGS
Resistance should appear near 8117 to 8137
Support should appear near 7957 to 7937
AUGUST HOGS
Resistance should appear near 8117 to 8137 and 8192 to 8222
Support should appear near 8047 to 8027 and 7957 to 7937
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 12320 to 12380 Support should appear near 12030 to 11920
JULY COCOA Support should appear near 2883 to 2874 Resistance should appear near 2972 to 2990.
JULY SUGAR Resistance is near 1774 to 1780 Support should appear near 1696 to 1689. JULY COTTON Support should appear near 6350 to 6337 and 6270 to 6257 Resistance should appear near 6483 to 6509 and 6577 to 6591
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 26, 2016 8:15 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