Futures Trading Newsletter , Bi-Weekly Investment Outlook #487.
FuturesCom Futures Trading Newsletter Sunday November 15, 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
“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.
Sunday November 15th, 2015
4:00 AM, South Florida Beach Time In the aftermath of the worst violence in Paris since World War II, bombings in Beirut and inflight destruction of the Russian airliner global geo-political concerns have increased markedly. If you need analysis for global equity or foreign exchange markets and commodities not covered in our Bi-Weekly Investment Outlooks please contact us.
The G-20 meetings are taking place and all the kings and queens will be making comments and conducting press conferences. Traders should continue to expect wide movements in all markets.
Stay tuned for flashes, updates and additional comments and recommendations.
Interest rates in the U.S. are still zero. Monetary policy and government support for global economies is still extreme. U.S. stock markets Indices are all vacillating around unchanged on the year with less than 2 months remaining in 2015. Long-term support for U.S. stock markets remains well below current levels. We have rolled analysis for metals into Feb for Gold and March for Silver and Copper. For the Grains; analysis has rolled to Jan for Meal and Bean Oil and to March for Corn and Wheat.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support is at 16,960.00 to 16,890.00 region. Below that buyers should appear near the 16.550.00 to 16,420.00 region.
Resistance should appear near the 17,310.00 to 17,380.00 and the 17,740.00 to 17,780.00 region. Beyond that sellers should appear near 18,080.00 to 18,220.00.
DOW JONES TRANSPORTS
Support should appear near 7864.00 to 7834.00 and the 7777.00 to 7763.00 region. Below that an eventual test of the 7689.00 to 7675.00 region is likely
Resistance is at the 8044.00 and the 8194.00 to 8223.00 region where sellers should appear and cap a rally. Beyond that a test of 8300.00 to 8314.00 is likely. Above that sellers should appear near 9391.00 to 8406.00 region.
DECEMBER E-MINI SP500
Resistance should appear 2024.00 to 2042.00 and 2061.50. Beyond sellers should appear near the 2080.00 to 2089.00 region.
Support should appear near the 1996.00 to 1982.00 region. Below that a test of the 1953.00 to 1946.00 region is likely. Stay tuned for flashes
NASDAQ COMPOSITE
Resistance should appear at 4973.00 to 4995.00 and the 5056.00 to 5067.00 region. Beyond that, sellers should appear near the 5127.00 to 5139.00 region. Support should appear near the 4856.00 to 4845.00 region. Below that a test of 4785.00 to 4775.00 region is likely.
DECEMBER E-MINI NASDAQ 100
Support should appear near 4446.00 to 4425.00. Below that a test of 4381.00 to 4370.00 region. Under that 4315.00 to 4304.00 should hold. Resistance is at 4571.00 to 4582.00 and the 4639.00 to 4650.00 region. Beyond that a trade towards 4695.00 to 4617.00 is likely and should cap a rally.
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 1150.00 and the 1164.00 to 1169.00 region. Beyond that sellers should appear near 1180.50 and the 1192.00 to 1203.00 region. Support should appear near 1136.00 to 1130.00 and the 1101.00 1096.00 region. Below that a test of 1068.00 to 1058.00 is likely.
DEC 30 YR BONDS
Resistance should appear near 155-07 and 157-07. Beyond that sellers should appear near 159-21.
Support should appear near 152-21 and 151-07. Below that buyers should appear near 149-22
DEC 10 YR NOTE
Resistance should appear near 127-21 and 128-21. Beyond that sellers should appear near 130-21
Support should appear near 126-08 and 125-07. Below that buyers should appear near 123-21
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near the 9921 to 9937 region. An extended trade over is friendly and augurs for a test of 10021 to 10037. Support should appear near the 9837 to 9821. Below that buyers should appear near the 9737 to 9706 region and contain a decline. DECEMBER JAPANESE YEN
Resistance should appear near 8194 to 8223 and the 8300 to 8314 region. Traders can sell at 8300 and hold for lower prices. Beyond that sellers should appear near 8391 to 8406 region. Support should appear near the 8134 to 8119 and the 8044 to 8029 region, a close under is negative and augurs for a test of 7954 to 7939 region.
DECEMBER EURO CURRENCY
Support should appear near the10680 to 10580 region. A close under is negative and augurs for a test of 10360 to 10320 Resistance should appear near 10820 and the 10960 to 11010 region. Beyond that sellers should near 11155. Traders should go short if a close under 10627 occurs.
DECEMBER SWISS FRANC
Resistance should appear near 10021 to 10037 and the 10104 to 10136 region.
Support should appear near 9921, an extended trade under is negative and augurs for a test of 9837 to 9821 and eventually the 9737 to 9706 region
DECEMBER BRITISH POUND
Support should appear near 15127 and the 14960 to 14840 region. Resistance should appear near 15290 to 15350 and the 15690 to 15760 region, where sellers should appear and cap a rally.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 7487 to 7601 and the 7587 to 7601 region. Beyond that sellers should appear near 7675 to 7689. Traders can sell at 7583 and risk a close over 7607 for three days in a row. Support should appear near 7486 and the 7428 to 7414 region, an extended trade under is negative and augurs for a an eventual test of the 7342 to 7328 region.
DECEMBER AUSSIE DOLLAR Resistance should appear near the 7242 to 7255 region.
Support should appear near 7088 to 7074, a close under is negative and augurs for a test of the 7003 to 6990 region.
THE PRECIOUS METALS
FEBRUARY GOLD
Resistance should appear near 1096.0 to 1101.0 and the 1130.0 to 1136.0 region.
Support should appear near 1068.0 to 1058.0 and the 1036.0 to 1032.0 region.
MARCH COPPER Resistance should appear near 22190 to 22260 and the 22670 to 22750 region. Beyond that sellers should appear near the 23150 to 23220 region and cap a rally.
Support should appear near 21340 to 212260 and the 20890 to 20880 region.
MARCH SILVER
Support should appear near 1383.0 to 1377.0 and the 1346.0 to 1334.0 region.
Resistance is at 1453.0 to 1459.0 and 1484.0 to 1496.0
THE EXCITING ENERGIES
JANUARY CRUDE OIL
Support should appear near 4120 to 4110 and 4056 to 4046. Below that a test of 3929 to 3909 is likely.
Resistance should appear near 4304 to 4315. Beyond that sellers should appear near 4370 to 4381 and the 4425 to 4446 region.
FEBRUARY CRUDE OIL
Support should appear near 4249 to 4238 and 4183 to 4163. Below that a test of the 4056 to 4046 region is likely to occur.
Resistance should appear near 4370 to 4381 and the 4503 to 4514 region. Beyond that sellers should appear near 4571 to 4582. Traders can sell at 4567 and hold for lower prices.
JANUARY BRENT CRUDE OIL
Support should appear near 4446 to 4425 and 4381 to 4370. Below that a test of 4315 to 4304 is likely.
Resistance should appear near 4571 to 4582 and 4639 to 4650. Beyond that sellers should appear near 4695 to 4717.
JANUARY HEATING OIL
Support should appear near 13830 to 13770 and the 13100 to 13040 region.
Resistance should appear 14150 to 14210 and the 14530 to 14590. Beyond that sellers should appear near 14840 to 14960.
JANUARY UNLEADED GAS
Support should appear near 12030 to 11920 and the 11690 to 11640 region. Below that buyers should appear near 11360 to 11300.
Resistance should appear 12320 to 12380 and the 12680 to 12740 region. Beyond that sellers should appear near 13040 to 13100.
JANUARY NATURAL GAS
Support should appear near 2.419 to 2.4110 and the 2.322 to 2.315 region. Resistance should appear near 2.552 to 2.568 and 2.612 to 2.620. Beyond that sellers should appear near the 2.663 to 2.672 region.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 840 ¾ to 839 ½ the region. Failure to hold is negative and augurs for a test of 831 ½ to 830 region. Below that a trade towards 804 ½ to 802 ¾ region.
Resistance should appear near 866 ¾ to 868 ½ and the 876 ¼ to 877 ¾ region. Beyond that sellers should appear near 885 ¾ to 887 ¼.
Traders should go short if a close under 855 ¾ occurs.
JANUARY SOYOIL Support should appear near 2724 to 2716 and the 2629 to 2620 region. Below that a test of 2568 to 2552 is likely.
Resistance should appear near 2820 to 2829 and the 2874 to 2883 region. Beyond that sellers should appear near the 2928 to 2937 region and cap a rally.
JANUARY SOYMEAL
Resistance should appear near 297.2 to 299.0 and the 303.6 to 304.5 region. Beyond that sellers should appear near the 309.2 to 310.2 region and cap a rally.
Support should appear near 288.3 to 287.4, below that a test of 282.9 to 282.0 region. Failure to hold is negative and augurs for a test of 267.2 to 263.6
MARCH CORN
Support should appear near the 362 ¼ to 361 ¼ region. Below that a test of 350 ¼ to 349 ¼ is likely. Resistance should appear near 373 ½ to 374 ¼ and the 385 ¾ to 386 ¾ region.
MARCH WHEAT Support should appear near 484 ¾ to 484 ½ and the 465 to 463 ¾ region.
Resistance should appear near 505 ¾ to 506 ¾ and the 520 to 520 ¼ region.
THE LIVELY LIVESTOCK
DECEMBER CATTLE Support should appear near 12740 to 12680, below that a test of 12380 to 12320 is likely.
Resistance should appear near the 13100 and the 13340 to 13460 region. Beyond that sellers should appear near 13770 to 13830.
FEBRUARY CATTLE
Support should appear near 13100 to 13040 and 12680 to 12740
Resistance should appear near 13340 to 13460 and 13770 to 13830
DECEMBER HOGS Support should appear near 5430 to 5412 and the 5212 to 5200 region. Below that an eventual test of 5067 to 5057 is likely.
Resistance should appear near 5552 to 5577 and the 5855 to 5880 region. Beyond that sellers should appear near 5942 to 5957.
FEBRUARY HOGS
Resistance should appear near 5717 to 5732 and the 5855 to 5880 region. Beyond that sellers should appear near 6022 to 6037.
Support should appear near 5577 to 5552 and 5507 to 5492 region. Below that a test of 5357 to 5342 region.
Stay tuned for Livestock flashes and updates.
THE SATISFYING SOFTS
MARCH COFFEE
Resistance should appear near 12680 to 12740 and the 13040 to 13100 region, where sellers should appear and cap a rally. Support should appear near 11690 to 11640 and the 11360 to 11300 region. MARCH COCOA Support should appear near 3326 to 3319 and the 3213 to 3194 region. Below that a test of 3102 to 3092 is likely. Resistance should appear near the 3425 to 3443 region. Beyond that sellers should appear near 3553 to 3563 and cap a rally. MARCH SUGAR Resistance is near 1569 to 1576 and the 1609 to 1615 region , where sellers should appear and a cap a rally. Support should appear near 1421 to 1415 and the 1383 to 1377 region.
MARCH COTTON
Support should appear near the 6035 to 6023 region. Below that a test of 5880 to 5855 is likely.
Resistance is at 6257 to 6270 and the 6337 to 6350 region. Beyond that sellers should appear near 6483 to 6509 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 November 15th, 2015 9:55 AM South Florida Beach Time
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