Futures Trading Newsletter ‘Bi-Weekly Investment Outlook’ #475.
FuturesCom Futures Trading Newsletter Sunday May 31, 2015. SP500 and Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. for a Free Two Week trial to our Futures Trading Newsletter see https://futurescom.com/free-trial-2
Saturday May 30, 2015
11:00 PM, South Florida Beach Time
Traders should expect wide movements in all markets. Stay tuned for flashes, updates and additional recommendations.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 17,800.00 to 17,740.00 and 17,560.00
Resistance is at 18,080.00 to 18,150 and 18,220. Beyond that seller should appear near 18,580.00 and 18,650.00.
DOW JONES TRANSPORTS
Support should appear near 8044 to 8029 and the 7777.00 to 7763.00 region.
Resistance is at 8300.00 to 8314.00 and the 8668.00 to 8683.00 region.
JUNE E-MINI SP500
Resistance should appear near 2107.50 then 2124.00 to 2134.00 and the 2170.00 to 2185.00 region. Traders should go short if a close under 2102.00 occurs and stay tuned for flashes
Support should appear near 2089.00 then 2080.00 the 2042.00 to 2034.00 region. Below that 1996.00 should hold. Traders can buy September at 1997.25 for a bounce and risk a close under 1981.00 for three days in a row.
NASDAQ COMPOSITE
Resistance should appear at 5127.00 to 5139.00 and 5259.00 to 5282.00 Support should appear near 4956.00 then 4926.00 and 4856.00 to 4845.00
JUNE E-MINI NASDAQ 100
Support should appear near 4446.00 to 4425.00 and 4381.00 to 4370.00 Resistance is at 4571.00 to 4582.00 and 4639.00 to 4650.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1268.00 to 1274.00 Traders can sell September Mini Russell at 1252.75 and hold for lower prices Support should appear near support is near 1238 to 1232.00 , a close under is negative and augurs for a test of 1203.00 to 1192.00
SEPT 30 YR BONDS
Resistance should appear near 155.21 and 156-21. Beyond that sellers should appear near
160-07.
Support should appear near 154-07 and 153-21 , below that a test of 151-07 is likely.
SEPT 10 YR NOTE
Resistance should appear near 128-21 and 129-07 . Beyond that sellers should appear near 129-21
Support should appear near 127-07 and 126.22, below that a test of 125=21 is likely and should hold.
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 9737 region. A close over is friendly and augurs for a test of 9821 to 9837 is likely Support should appear near 9706 then 9641 to 9625 and the 9542 to 9526 region. SEPT JAPANESE YEN
Resistance should appear near 8119 to 8134 and the 8194 to 8223 region. 8560 to 8589.
Support should appear near 8044 to 8029 and the 7954 to 7939 region. .
SEPT EURO CURRENCY
Support should appear 10960 and 10680 to 10580. Below that a test of 10360 to 10320 is likely Resistance should appear near 11155 and 11300 to 11360
Traders can sell at 11297 and hold for lower prices.
SEPT SWISS FRANC
Resistance should appear near 10820 and 10960 to 11010
Support should appear near 10680 and 10580
SEPT BRITISH POUND
Support should appear near 14960 to 14840 Resistance should appear near 15350 then 15690 to 15760
SEPT CANADIAN DOLLAR
Resistance should appear near 8484 to 8499 and 8560 to 8589
Support should appear near 8029 to 8044 and 8119 to 8134
SEPT AUSSIE DOLLAR Resistance should appear near 7762 to 7777
Support should appear near 7342 to 7328
Stay tuned for Forex flashes and updates.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1203 and 1232.0 to 1238.0
Support should appear near 1169 to 1664. Below that a test of 1101 to 1096 is likely
JULY COPPER Resistance should appear near 27580 to 27750 and 28200 to 28290
Support should appear near 27160 and 26720 to 26630.
JULY SILVER
Support should appear near 1655.0 to 1642.0 and 1615.0 to 1609.0
Resistance is at 1689.0 to 1696.0 and 1731.0 to 1738.0
THE EXCITING ENERGIES
JULY CRUDE OIL
Support should appear near 6023, a close under augurs for a test of 5880 to 5855. Below that buyers should appear near 5729 to 5716.
Resistance should appear near 6101 to 6113 and 6165 to 6190 and 6337 to 6350.
AUGUST CRUDE OIL
Support should appear near 6035 then 5957 to 5945 and 5805 to 5792
Resistance should appear near 6165 to 6190 then 6257 to 6270 and the 6337 to 6350 region.
Traders should go short if a close under 6022 occurs.
JULY BRENT CRUDE OIL
Support should appear near 6430 to 6417 and 6350 to 6337. Below that a test of 6113 to 6101 is likely.
Resistance should appear near 6591 to 6577 and 6809 to 6836 region. Beyond that sellers should appear near 6906 to 6919 and 7074 to 7086
JULY HEATING OIL
Support should appear near 19090 to 19020 and the 18650 to 18580 region
Resistance should appear 19530 and 19820 to 19960.
JULY UNLEADED GAS
Support should appear near 20420 to 20340 then 19960 to 19820 and the 19090 to 19020 region.
Resistance should appear 20800 to 20890 and the 21700 to 21850 region.
JULY NATURAL GAS
Support should appear near 2.620 to 2.612 and the 2.519 to 2.510 region. Below that support should appear near 2.322 to 2.315
Resistance should appear near 2.663 to 2.672 and 2.759 to 2.775, beyond that sellers should appear near 2.820 to 2.829 and cap a rally.
Stay Tuned for Energy Flashes and Updates
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near 906 to 904 ½ and the 896 ½ to 893 ½.
Resistance should appear near 942 ¾ to 944 ½ and 970 ¾ to 973 ¾
NOVEMBER SOYBEANS
Support should appear near 896 ½ to 893 ½ and the 877 ¾ to 876 ¼ region.
Resistance should appear near 914 to 915 ¾ and 931 ¾ to 934 ¾
JULY SOYOIL Support should appear near 3270 to 3261 and 3213 to 3194.
Resistance should appear near 3377 to 3386 and 3425 to 3443.
JULY SOYMEAL Resistance should appear near 309.2 to 310.2 and 314.8 to 315.7
Support should appear near 299.0 to 297.2. Below that buyers should appear near 282.9 to 282.0.
JULY CORN
Support should appear near the 327 to 326 ¼ and 310 ¼ to 309 ¼ Resistance should appear near 355 ¼ to 356 ¼ and 366 ¼ to 368 ¼
JULY WHEAT Support should appear near 465 to 463 ¾.. Below that a test of the 444 ¾ to 442 ¾ region is likely.
Resistance should appear near 478 ½ and 484 ½ to 485 ¾. Beyond that sellers should appear near the 491 ½ to 492 ¾ region.
Stay tuned for Grain flashes and updates.
THE LIVELY LIVESTOCK
AUGUST CATTLE Support should appear near 14960 to 14840, a close under is negative and augurs for a test of the 14590 to 14530 region.
Resistance should appear near 15290 to 15350 and the 15690 to 15760 region.
Trade Accordingly.
OCTOBER CATTLE
Support should appear near 14960 to 14840 and the14590 to 14530 region.
Resistance should appear near 15350 then 15517 and the 15760 to 15690 region, where sellers should appear and cap a rally.
AUGUST HOGS Support should appear near 8222 to 8192 region. Below that a test of 8137 to 8117 is likely.
Resistance should appear near 8300 to 8317 and 8392 to 8407. Beyond that sellers should appear near 8482 to 8502
OCTOBER HOGS
Support should appear near 7257 to 7242 and 7002 to 6992
Resistance should appear near 7327 to 7342 and the 7412 to 7427 region.
Stay tuned for Livestock flashes and updates.
THE SATISFYING SOFTS
SEPTEMBER COFFEE
Resistance should appear near 13040 to 13100 and the 13340 to 13460 region. Traders can sell at 13335 and risk a close over 13510 for three days in a row.
Support should appear near 12740 to 12680 and the 12380 to 12320 region.
Below that a test of 11690 to 11640 is likely.
SEPTEMBER COCOA
Support should appear near 2972 to 2990 and 2829 to 2820.
Resistance should appear near 3148 to 3157 and 3319 to 3326
OCTOBER SUGAR
Resistance is near 1232 to 1238 and 1268 to 1274 Support should appear near 1203 to 1192, below that a test of 1169 to 1164 region is likely. Trade Accordingly.
JULY COTTON
Support should appear near 6350 to 6327 the 6035 to 6023 region.
Resistance is at 6483 to 6509 and 6577 to 6591. Beyond that sellers should appear near 6659 to 6673 and cap a rally.
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 Sunday May 31, 2015 9:00 PM South Florida Beach Time
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