Futures Trading Investment Comments
Wednesday May 4, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Tuesday May 3, 2016
8:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,560.00 and 17,387.00
Resistance is at 17,800.00 and 17,940.00.
DOW JONES TRANSPORTS
Support should appear near 7777.00 to 7763.00 and 7689.00 to 7675.00
Resistance should appear near 7836.00 to 7864.00 and 7939.00 to 7954.00
JUNE E-MINI SP500
Resistance should appear 2061.5 and 2080.00 to 2089.00.
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. Support should appear near 4717.00 to 4695.00 and 4650.00 to 4639.00
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 1130.00 to 1136.00
Support should appear near 1101.00 to 1096.00
JUNE 30 YR BONDS
Resistance should appear near 164-21 and 165-07
Support should appear near 163-07 and 162-21
JUNE 10 YR NOTES
Resistance should appear near 130-21 and 131-07
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 9526 to 9542. Support should appear near 9316 then 9237 and 9156 to 9140
JUNE EURO CURRENCY
Support should appear near 11437 and 11360 to 11300 Resistance should appear near 11567 and 11640 to 11690
JUNE SWISS FRANC
Resistance should appear near 10580 to 10630
Support should appear near 10360 to 10320.
JUNE BRITISH POUND
Support should appear near 14210 to 14150 Resistance should appear near 14530 to 14590 and 14652
JUNE CANADIAN DOLLAR
Resistance should appear near 7901 and 7939 to 7954
Support should appear near 7777 to 7763
JUNE AUSSIE DOLLAR Resistance should appear near 7486 to 7513 and 7547
Support should appear near 7428 to 7413 and 7342 to 7328
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1289.0 and 1304.0 to 1310.0
Support should appear near 1274.0 to 1268.0 and 1253.0
JULY COPPER
Resistance should appear 22190 to 22260 and 22670 to 22750
Support should appear near 21850 to 21700 and 21340 to 21260
JULY SILVER
Support should appear near 1696.0 to 1689.0
Resistance is at 1774.0 to 1780.0
THE EXCITING ENERGIES
JUNE CRUDE OIL
Support should appear near 4249 to 4238 and 4183 to 4163
Resistance should appear near 4370 to 4381 and 4425 to 4446
JULY CRUDE OIL
Support should appear near 4381 to 4370 and 4249 to 4238
Resistance should appear near 4503 to 4514 and 4571 to 4582
JULY BRENT CRUDE OIL
Support should appear near 4446 to 4425 and 4381 to 4370
Resistance should appear near 4571 to 4582 and 4639 to 4650
JUNE HEATING OIL
Support should appear near 13100 to 13040
Resistance should appear 13770 to 13830
JUNE UNLEADED GAS
Support should appear near 14960 to 14840 and 14590 to 14530
Resistance should appear 15290 to 15350 and 15690 to 15760
JUNE NATURAL GAS
Support should appear near 1996 to 1982
Resistance should appear near 2127 to 2185
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 1047
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 342.5 to 344.3 and 349.3 to 350.3
Support should appear near 332.8 to 331.9 and 327.0 to 326.1
JULY CORN
Support should appear near 368 ¼ to 366 ¼ and 362 ¼ to 361 ¼
Resistance should appear near 379 ½ to 380 ¾ and 385 ¾ to 386 ¾
JULY WHEAT Support should appear near 458 ¼ to 457 and 451 ½ to 450 1/4
Resistance should appear near 477 ½ to 478 ½ and 484 ½ to 485 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear 11500 and 11360 to 11300
Resistance should appear near 11640 to 11690 and 11747
AUGUST CATTLE
Support should appear 11360 to 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 6270 to 6257 and 6190 to 6165 Resistance should appear near 6337 to 6350 and 6417 to 6430
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
Tuesday May 3, 2016 10:10 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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