Futures Trading Investment Comments
Thursday May 5, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Wednesday May 4, 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 17,740.00 to 17,800.00 and 17,940.00.
DOW JONES TRANSPORTS
Support should appear near 7689.00 to 7675.00 and 7601.00 to 7587.00
Resistance should appear near 7763.00 to 7777.00 and 7836.00 to 7864.00
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 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 165-07 and 165-21
Support should appear near 164-07 and 163-21
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 9347 and 9429 to 9445 Support should appear near 9316 and 9237.
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
JUNE CANADIAN DOLLAR
Resistance should appear near 7836 to 7864
Support should appear near 7689 to 7675
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 21700 and 20890 to 20800
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 4503 to 4514 and 4570 to 4582
JULY CRUDE OIL
Support should appear near 4446 to 4425 and 4381 to 4370
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 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 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 2170 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 1047 and 1058 to 1068
JULY SOYOIL Support should appear near 3213 to 3194 and 3157 to 3148
Resistance should appear near 3319 to 3328 and 3377 to 3386
JULY SOYMEAL
Resistance should appear near 349.3 to 350.3 and 355.3 to 356.3
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 11690 to 11640
Resistance should appear near 11802 and 11920 to 12030
AUGUST CATTLE
Support should appear 11437 and 11360 to 11320
Resistance should appear near 11640 to 11690
JUNE HOGS
Resistance should appear near 8192 to 8222 and 8300 to 8317
Support should appear near 8137 to 8117 and 8047 to 8027
AUGUST HOGS
Resistance should appear near 88192 to 8222 and 8300 to 8317
Support should appear near 8137 to 8117 and 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 and 3102 to 3092 Resistance should appear near 3194 to 3213 and 3261 to 3270. JULY SUGAR Resistance is near 1689 to 1696. Support should appear near 1615 to 1609 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
Wednesday May 4, 2016 9:45 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