Futures Trading Newsletter , Bi-Weekly Investment Outlook #504

FuturesCom Futures Trading Newsletter Saturday July 16  2016.  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

“Among the hazards of speculation the happening of the unexpected -I might even say the

unexpectable – ranks high. There are certain chances that the most prudent man is justified in taking

– chances that he must take if he wishes to be more than a mercantile mollusk-”

-Reminiscences of a Stock operator-

                              

Saturday July 16, 2016

8:00 AM, South Florida Beach Time

Traders should continue to stay nimble and expect wide movements in all markets. Stay tuned for flashes, updates and additional recommendations. Global geo political risks have risen. Some U.S. stock markets indices set new all-time high last week. Others remain in the same broad trading range. Interest rates in many developed nations are negative. Thus some governments or quasi government agencies that investors lend to actually make money on the instruments rather than pay interest.

 

The U.S. dollar index is unchanged to higher on the month. Euro (EUR/USD) has resistance at 11300 to 11360 and 11500. Support remains at 11010 to 10960 then 10890 and 10680 to 10580. (GBP/USD) British Pound futures bounced off the multi-year lows. Support is near 13100 to 1304 and the 12740 to 12680 region. Resistance remains near 13340 to 13460 and 13770 to 13830. Continue to sell rallies. USD/CAD (Canadian Dollar) support remains near 12740 to 12680 and 12380 to 12320. Resistance is 13040 to 13100 and 13340 to 13460. The USD/CAD tends to drift higher after mid-July. Futures do the opposite. Buy dips against 12890 and 12740.

Dollar Yen (USD/JPY) rallied and stalled against 10580 to 10680. Resistance is at 10890 and 10960 to 11010. Support is at 10360 to 10320 and 10136 to 10120. The Bank of Japan meets on July 28. Perhaps they should drop rates to minus 2 percent. The Aussie and Kiwi continue to choppy around and act better and remains trading affairs. China’s Yuan moved up and over 6659 to 6674. Resistance is now 6.743 to 6.755. Support is near 6.591 to 6.755.

Precious Metals; Gold and silver both fell and copper acts better. The Long term copper outlook is still

a mess. Look for a trading ranges in precious metals and stay tuned for flashes. Energies; Crude Oil and the products continue to trade in wide range. Natural Gas is likely to run into some selling near current levels. Stay tuned for energy flashes and updates.

Grains; July and December corn are trading choppy and along with soybeans are weather markets.

Wheat tends to make the lows for the year in late July or even August. Wheat along with other

Both hogs and cattle continue trade in wide ranges. Stay tuned for livestock updates and flashes

Soft Commodities; Coffee fell away on Friday. Look for a trading range. Sugar continues to trade in a wide trading range. Sugar typically makes a higher around now and falls into October. Cotton moved up on a better demand outlook. Look for a broad trading range. We want to continue to sell a rally in Sept or December Cocoa. Nothing has changed. Traders should remain nimble and stay tuned updates and flashes. On to the Nitty Gritty.                                                             

 

                                             THE SENSATIONAL STOCK AND BOND MARKET

DOW JONES INDUSTRIAL AVERAGE Support is at 18,220.00 to 18,080.00 and 17,940.00.

Resistance is at 18,580.00 to 18650.00 and the 19,020.00 to 19,090.00 region.

 

DOW JONES TRANSPORTS

Support should appear near 7777.00 to 7763.00 and the 7513.00 to 7486.00 region.   Resistance should appear near 8029.00 to 8044.00. Beyond that sellers should appear near the 8300.00 to 8314.00 region.

 

SEPT E-MINI SP500

Resistance should appear near 2170 to 2185.00. Beyond that should appear near 2219.00 to 2226.00.

Support should appear near 2134.00 to 2126.00 and 2107.50.

 

NASDAQ COMPOSITE

Resistance should appear 5056.00 to 5067.00 and the 5127.00 to 5139 region.

Support should appear near 4995.00 to 4973.00 and the 4926.00 to 4915.00 region.

 

SEPT E-MINI NASDAQ 100

Support should appear near 4514.00 to 4503.00 and 4446.00 to 4425.00.

Resistance is at 4639.00 to 4650.00. Beyond that sellers should appear near 4695.00 to 4717.00.

 

SEPT E-MINI RUSSELL 2000

Resistance should appear near 1232.00 to 1238.00 and the 1268.00 to 1274.00 region.

Support should appear near the 1192.00 and 1168.00 to 1164.00.

 

SEPT 30 YR BONDS

Resistance should appear near 173-07 and 173-21. Beyond that sellers should appear near 175-21.

Support should appear near 169-21 and 168-07 and should hold. Below that a test of 165-21 is likely.

 

SEPT 10 YR NOTES

Resistance should appear near 132-21 and 133-07. Beyond sellers should appear near 134–21

Support should appear near 131-07. Below that buyers should appear near 130-12 and 129-07.                                                                                                                                                                

                                           THE FRENZIED FOREX FRONT

SEPT DOLLAR INDEX

Resistance should appear near 9706 to 9737 and the 9821 to 9837 region. Support should appear near 9641 to 9625. Below that buyers should appear near 9542 to 9526.

JAPANESE YEN

Resistance should appear 9625 to 9641 and the 9706 to 9737 region.   Support should appear near 9347 to 9316 and 9156 to 9140.

SEPT EURO CURRENCY

Support should appear near 11010 to 10960. Below that a test of 10680 to 10580 is likely. Resistance should appear near 11155. Beyond that sellers should appear near 11300 to 11360.
SEPT SWISS FRANC

Resistance should appear near 10320 to 10360 and 10580 to 10680

Support should appear near 10136 to 10104 and 10037 to 10021.

 

SEPT BRITISH POUND

Support should appear near 13100 to 13040 and 12740 to 12680

Resistance should appear near 13340 to 13460 and the 13770 to 13830 region.

Traders can sell at 13332 and hold for lower prices.

SEPT CANADIAN DOLLAR

Resistance should appear near 7763 to 7777 and the 7836 to 7864.

Support should appear near 7689 to 7675, a close under augurs for a test of 7601 to 7587.

 

SEPT AUSSIE DOLLAR Resistance should appear near 7587 to 7601 and the 7675 to 7689 region.

Support should appear near 7513 to 7486 and the 7428 to 7414 region.

 

                                        THE PRECIOUS METALS

DECEMBER GOLD

Resistance should appear near 1346.0 and the 1377 to 1383 region.

Support should appear near 1322.0 and the 1310 to 1304 region.

SEPT COPPER

Resistance should appear the 22670 to 22750 region. Beyond that sellers should appear near

23150 to 23220 and cap a rally. Support should appear near 21850 to 21700 and the 20890 to 20800 region.

 

SEPT SILVER

Resistance should appear near 2034 to 2042 and the 2080.0 to 2089.0 region.

Support is at 1996.0 to 1989.0 and the 1909.0 to 1902.0 region.

                                       

 

                                                 THE EXCITING ENERGIES

AUGUST CRUDE OIL

Support should appear near 4581 to 4571 and 4514 to 4503. Below that a test of 4446 to 4425 and the 4381 to 4370 is likely.

Resistance should appear near 4639 to 4650 and the 4695 to 4717 region. Beyond that sellers should appear near 4775 to 4785

SEPTEMBER CRUDE OIL

Support should appear near 4581 to 4571 and 4514 to 4503. Below that a test of 4446 to 4425 and the 4314 to 4304 is likely.

Resistance should appear near 4695 to 4717 and the 4695 to 4717 region. 4775 to 4785 and the 4845 to 4856 region.

SEPTEMBER BRENT CRUDE OIL

Support should appear near 4650 to 4639 and the 4582 to 4571 region.

Resistance should appear near 4775 to 4785 and the 4915 to 4926 region.

AUGUST HEATING OIL

Support should appear near 13830 to 13770 and the 13460 to 13340 region. Below that a test of 13100 to 13040 is likely.

Resistance should appear 13990 and the 14150 to 14220 region. Beyond that sellers should appear near 14530 to 14590 and cap a rally.

 

AUGUST UNLEADED GAS

Support should appear near 13990 and the 13830 to 13770 region. Below that buyers should appear near 13460 to 13340 and 13100 to 13040

Resistance is at 14530 to 14590. Beyond that sellers should appear near 14840 to 14960

SEPT NATURAL GAS

Support should appear near 2672 to 2663 and 2620 to 2612   Resistance should appear near 2758 to 2775 and 2820 to 2829

 

                                                        THE GRANDE’ GRAINS

AUGUST SOYBEANS

Support should appear near 1068 to 1058 and the 1036 to 1032 region.

Resistance should appear near 1096 to 1101 and the 1130 to 1136 region.

 

NOVEMBER SOYBEANS

Support should appear near 1047 and 1036 to 1032

Resistance should appear near 1058 to 1068 and 1082

 

SEPTEMBER SOYOIL Support should appear near 3092, a close under augurs for a test of the 3045 to 3036 region.

Below that a test of2990 to 2972 is likely.

Resistance should appear near 3148 to 3157 and 3194 to 3213. BW Traders can sell at 3143 and hold for lower prices.
OCTOBER SOYMEAL

Resistance should appear near 373.4 to 374.3 and the 385.8 to 386.7 region.

Support should appear near 362.3 to 361.3 and the 344.3 to 342.5 region.

SEPTEMBER CORN

Support should appear near 350 ¼ to 349 ¼ and the 338 ¾ to 337 ¾ region.

Resistance should appear near 361 ¼ to 362 ¼ and the 366 ¼ to 368 ¼ region. Beyond that sellers should appear near 373 ¼ to 374 ¼

 

SEPTEMBER WHEAT Support should appear near 405 ¾ to 404 ¾ and the 386 ¾ to 385 ¾ region.

Resistance should appear near 430 ¼ to 431 ½ and the 437 to 438 ¼ region. Beyond that sellers should appear near 442 ½ to 444 ¾ region.                                                                                                                       

 

 

 

                            

                                                THE LIVELY LIVESTOCK  

 

AUGUST CATTLE

Support should appear near 11010 to 10960, a close under augurs for a test of 10890 and the 10680 to 10580 region. Resistance should appear near 11157 and the 11300 to 11360 region. Beyond that sellers should appear near 11500 and the 11640 to 11690 region.

OCTOBER CATTLE

Support should appear near 11010 to 10960 then 10890 and the 10680 to 10580 region.

Resistance should appear near 11010 and 11157. Beyond that sellers should appear near

the 11300 to 11360 region.

 

AUGUST HOGS

Resistance should appear near 7902 then 7937 to 7957 and 8027 to 8047

Support should appear near 7837 and the 7777 to 7762 region.

 

OCTOBER HOGS

Resistance should appear near 6657 to 6672 and the 6807 to 6837 region. Beyond that sellers should appear near 6907 to 6922. Traders can sell at 6867 and hold for lower prices.

Support should appear near 6592 to 6572 and the 6432 to 6417 region. Traders should go short if a close under 6572 occurs.

 

Stay tuned for Livestock flashes.

 

                                          THE SATISFYING SOFTS

SEPTEMBER COFFEE

Resistance should appear near 14840 to 14960. Beyond that sellers should appear near the 15290 to 15350 region and cap a rally. Support should appear near 14210 to 14150 and the 13830 to 13770 region.

SEPTEMBER COCOA
Support should appear near 2990 to 2972 and the 2937 to 2928 region. Resistance should appear near 3092 to 3102 and the 3148 to 3157 region. Traders should go short if a close under 2971 occurs.

OCTOBER SUGAR
Resistance is near 1982 to 1996 and the 2034 to 2042 region. Support should appear near 1909 to 1902 and the1822 to 1808 region.

DECEMBER COTTON Support should appear near 7342 to 7328 then 7255 to 7242 and 7170 to 7143. Below that buyers should appear near 7088 to 7074.         Resistance should appear near 7486 to 7512 and 7587 to 7601. Beyond that sellers should appear near 7763 to 7777 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

Saturday July 16, 2016 9:00 PM South Florida Beach Time

 

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