Futures Trading Investment Comments
Tuesday May 3rd, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Monday May 2, 2016
3:009 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,800.00 and 17,770.00
Resistance is at 17,940.00 and 18,080.00 to 18,220.00.
DOW JONES TRANSPORTS
Support should appear near 7864.00 to 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 2061.50 and 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 4785.00 to 4775.00 and 4717.00 to 4695.00.
JUNE E-MINI NASDAQ 100
Support should appear near 4314.00 to 4304.00 and 4249.00 to 4238.00
Resistance is at 4370 to 4381.00 and 4425.00 to 4446.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1150.00 and 1164.00 to 1169.00
Support should appear near 1130.00 and 1115.50
JUNE 30 YR BONDS
Resistance should appear near 162-21 and 163-07
Support should appear near 161-21 and 161-12
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 9316 to 9347 Support should appear near 9156 to 9140.
JUNE JAPANESE YEN
Resistance should appear near 9526 to 9542. Support should appear near 9347 to 9316.
JUNE EURO CURRENCY
Support should appear near 11500 and 11432 Resistance should appear near 11640 to 11690 and 118-07
JUNE SWISS FRANC
Resistance should appear near 10580 to 10630
Support should appear near 10470 and 10367.
JUNE BRITISH POUND
Support should appear near 14590 to 14530 Resistance should appear near 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 7763 to 7777
Support should appear near 7601 to 7588
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 22750 and 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 1774.0 to 1780.0 and 1808.0 to 1822.0
THE EXCITING ENERGIES
JUNE CRUDE OIL
Support should appear near 4446 to 4425 and 4381 to 4370.
Resistance should appear near 4503 to 4514 and 4571 to 4582
JULY CRUDE OIL
Support should appear near 4514 to 4503 ands 4446 to 4425.
Resistance should appear near 4571 to 4582 and 4639 to 4650
JULY BRENT CRUDE OIL
Support should appear near 4446 to 4425 and 4381 to 4370
Resistance should appear near 4639 to 4650 and 4695 to 4717
JUNE HEATING OIL
Support should appear near 13460 to 13340 and 13100 to 13040
Resistance should appear 13770 to 13830 and 14150 to 14210
JUNE UNLEADED GAS
Support should appear near 15350 to 15210 and 14960 to 14840
Resistance should appear 15690 to 15760 and 16090 to 16150
JUNE NATURAL GAS
Support should appear near 1996 to 1982
Resistance should appear near 2126 to 2134
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1036 to 1032
Resistance should appear near 1058 to 1068
JULY SOYOIL Support should appear near 3213 to 3194 and 3157 to 3148
Resistance should appear near 3261 to 3270 and 3319 to 3328
JULY SOYMEAL
Resistance should appear near 361.3 to 362.3
Support should appear near 338.6 to 337.7
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 1/4 and 404 ¾ to 405 ¾
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 11500 and 11360 to 11300
Resistance should appear near 11640 to 11690
AUGUST CATTLE
Support should appear 11320 and 11157
Resistance should appear near 11500 and 11637
JUNE HOGS
Resistance should appear near 8392 to 8407 and 8482 to 8507
Support should appear near 8222 to 8192 and 8137 to 8117
AUGUST HOGS
Resistance should appear near 8300 to 8317
Support should appear near 8047 to 8027
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 12320 to 12380 Support should appear near 11690 to 11640
JULY COCOA Support should appear near 3157 to 3148 Resistance should appear near 3261 to 3270. 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
Monday May 2, 2016 4:40 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