Futures Trading Investment Comments
Friday September 2, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Thursday September 1st 2016
1:30 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 18,220.00 to 18,080.00.
Resistance is at 18,580.00 to 18650.00
DOW JONES TRANSPORTS
Support should appear near 7777.00 to 7763.00 and 7689.00 to 7675.00 Resistance should appear near 7939.00 to 7954.00 and 8029.00 to 8044.00
SEPT E-MINI SP500
Resistance should appear near 2170.00 to 2185 and 2202.00 Support should appear near 2152.00 and 2134.00 to 2126.00
NASDAQ COMPOSITE
Resistance should appear near 5259.00 to 5282.000. Support should appear near the 5139.00 to 5127.00 region.
SEPT E-MINI NASDAQ 100
Support should appear near 4717.00 to 4695.00
Resistance is at 4785.00 then 4815.00 and 4845.00 to 4856.00
SEPT E-MINI RUSSELL 2000
Resistance should appear near 1238.00 and 1253.00.
Support should appear near 1217.00 and 1203.00 to 1192.00
DEC 30 YR BONDS
Resistance should appear near 171-07 and 171-21
Support should appear near 169-21 and 169-07
DEC 10 YR NOTES
Resistance should appear near 131-07 and 131-21.
Support should appear near 130-21 and 130-07
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9625 to 9641, beyond that a test of 9706 to 9737 is likely Support should appear near 9542 to 9526 and 9487.
JAPANESE YEN
Resistance should appear 9706 to 9737 and 9821 to 9837 Support should appear near 9641 to 9625 and 9542 to 9526
SEPT EURO CURRENCY
Support should appear near 11155 then 11087 and 11010 to 10960. Resistance should appear near 11227 and 11300 to 11360
SEPT SWISS FRANC
Resistance should appear near 10227 and 10320 to 10360.
Support should appear near 10136 to 10104.
SEPT BRITISH POUND
Support should appear near 13100 to 13040
Resistance should appear near 13340 to 13460
SEPT CANADIAN DOLLAR
Resistance should appear near 7675 to 7689
Support should appear near 7601 to 7587.
SEPT AUSSIE DOLLAR Resistance should appear near 7587 to 7601 and 7675 to 7689
Support should appear near 7513 to 7486 and 7428 to 7414
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1322.0 and 1334.00 to1346.00
Support should appear near 1310.0 to 1304.0 and 1289.0
DECEMBER COPPER
Resistance should appear near 20800 to 20890 and 21260 to 21340. Support should appear near 20420 to 20340 and the 19960 to 19820 region.
DECEMBER SILVER
Resistance should appear near 1902.0 to 1909.0 and 1946.0 to 1953.0
Support is at 1865.0 to 1858.0 and 1822.0 to 1808.0.
THE EXCITING ENERGIES
OCTOBER CRUDE OIL
Support should appear near 4183 to 4163 and 4120 to 4110
Resistance should appear near 4370 to 4381 and 4425 to 4446
NOVEMBER CRUDE OIL
Support should appear near 4249 to 4328 and 4120 to 4110
Resistance should appear near 4370 to 4381 and 4425 to 4446
NOVEMBER BRENT CRUDE OIL
Support should appear near 4381 to 4370 and 4315 to 4304
Resistance should appear near 4571 to 4582 and 4639 to 4650
OCTOBER HEATING OIL
Support should appear near 13460 to 13340 and 13100 to 13040
Resistance should appear near 13830 and 14150 to 14210
OCTOBER UNLEADED GAS
Support should appear near 12380 to 12320 and 12030 to 11920
Resistance is at 12890 and 13040 to 13100
OCTOBER NATURAL GAS
Support should appear near 2672 to 2663
Resistance should appear near 32820 to 2829
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near the 934 ¾ to 931 ¾ region.
Resistance should appear near 962 ½ to 964 ¼
DECEMBER SOYOIL Support should appear near 3213 to 3194
Resistance should appear near 3261 to 3270
DECEMBER SOYMEAL
Resistance should appear near 309.2 to 310.2 and 314.8 to 315.7
Support should appear near 304.5 to 303.6 and 299.0 to 297.2
DECEMBER CORN
Support should appear 315 ¾ to 314 ¾ and the 304 ½ to 303 ¾ region.
Resistance should appear near 326 ¼ to 327 and 331 ¾ to 332 3/4
DECEMBER WHEAT 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
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 10137 to 10107 and 10037 to 10022
Resistance should appear near 10470 and 10527
DECEMBER CATTLE
Support should appear near 10360 to 10320
Resistance should appear near 10580 to 10630 and 10680.
OCTOBER HOGS
Resistance should appear near 6337 to 6352 and 6417 to 6432
Support should appear near 6272 to 6257 and 6117 to 6102
DECEMBER HOGS
Resistance should appear near 5855 to 5880 and 5942 to 5957
Support should appear near 5732 to 5717 and 5652 to 5642. BW traders should go short if a close under 5707 occurs. THE SATISFYING SOFTS
DECEMBER COFFEE
Resistance should appear near 15690 to 15760 Support should appear near 14960 to 14840
DECEMBER COCOA
Support should appear near 2829 to 2820 and 2775 to 2758 Resistance should appear near 2928 to 2937 and 2972 to 2990.
OCTOBER SUGAR
Resistance is near 1982 to 1996 Support should appear near 1909 to 1902
DECEMBER COTTON
Support should appear near 6755 to 6742 and 6673 to 6659 Resistance should appear near 6906 to 6919 and 6990 to 7003
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 September 1 2016 2:35 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.