FuturesCom Morning Investment Comments Wednesday July 18, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see http://futurescom.com/free-trial-2
Tuesday July 17, 2012
2:00 PM South Florida Beach Time
“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.
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,740.00 to 12,680.00.
Resistance should appear near 12,890.00 and the 13,040.00 to 13,100.00 region.
SEPT E-MINI SP500
Resistance should appear near 1377.00 to 1383.00.
Support should appear near 1346.00 to 1334.00.
Resistance should appear near 2928.00 to 2937.00 and 2972.00 to 2990..
Support should appear near the 2883.00 to 2874.00 and the 2829.00 to 2820 region.
SEPT E-MINI NASDAQ 100
Support should appear near the 2568.00 to 2552.00
Resistance should appear near 2612.00 to 2629.00..
SEPT E-MINI RUSSELL 2000
Resistance should appear near 802.90 to 804.40 and 811.90 to 813.40.
Support should appear near the 786.50 to 783.60 and the 777.70 to 776.30 region. .
SEPT 30 YR BOND
Resistance should appear near 151-07 and 151-21.Beyond that a test of 152-21 is likely.
Support should appear near 150-21 and 150-07
SEPT 10 YR NOTE
Resistance should appear near 135-07. Beyond that Sellers should appear near 135-21 and 136-07 which should cap a rally
Support should appear near 134-07 and 133-21
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8391 to 8406.
Support should appear near 8314 to 8300 and 8223 to 8194.
BW Traders can buy at 8227 and hold for higher prices, initially risk a close 8187 for three days in a row. Stay tuned for flashes
SEPT JAPANESE YEN
Resistance should appear near 12680 to 12740 and the 13040 to 13100 region.
Support should appear near 12607 and 12530.
SEPT EURO CURRENCY
Support should appear near 12175 and the 12030 to 11920 region.
Resistance should appear near 12320 to 12380 and 12530
SEPT SWISS FRANC
Resistance should appear near 10320 to 10360. BW Traders can sell at 10317 for a turn lower and risk a close over 10370 for three days in a row.
Support should appear near 10135 to 10104
SEPT BRITISH POUND
Support should appear near 15525, an extended trade or close under is negative and augurs for a test of the 15350 to 15290 region.
Resistance should appear near 15690 to 15760 and 15847. BW Traders can sell at 15687 and risk a close over 15770 for three days in a row.
SEPT CANADIAN DOLLAR
Resistance should appear near 9921 to 9937 and the 10021 to 10037 region.
BW Traders can sell at 10017 and hold for lower prices…
Support should appear near 9836 to 9821 and 9737 to 9706.
SEPT AUSSIE DOLLAR
Resistance should appear near the 10320 to 10360 region.
Support should appear near 10136 to 10104 and 10037 to 10021.
Stay tuned for Flashes ….
THE PRECIOUS METALS
Resistance should appear near the1609.00 to 1615
Support is near 1576 to 1569. Below that buyers should appear near 1535 to 1529
BW Traders can buy at 1537 and hold for higher prices..
Resistance should appear near 35530 to 35630 and the 36130 to 36230 region.
Support should appear near 34430 to 34250 and the 33280 to 33190 region.
Resistance should appear near 2758 to 2775 and 2820.0 to 2829.0
Support is at 2724 to 2716 and the 2620 to 2612
THE EXCITING ENERGIES
SEPTEMBER CRUDE OIL
Resistance should appear near 8934 to 8964 region. Beyond that sellers should appear near 9044 to 9060 and cap a rally…
Support should appear near 8777 to 8762 and 8683 to 8668. Below that buyers should appear near 8689 to 8560 and 8499 to 8484. BW Traders can buy at 8506 and risk a close under 8477 for three days in a row.
SEPTEMBER HEATING OIL
Support should appear near the 27750 to 27580 and the 27240 to 27160 region, which should hold, BW Traders can buy at 27270 for a bounce and risk a close under 27160.
Resistance should appear near 28740 to 28830 and the 29280 to 29370 region which should cap a rally. Trade accordingly
SEPTEMBER UNLEADED GAS
Support should appear near 26720 to 26630 and 26200 to 26120 BW Traders can buy at 26250 and risk a close under 26100 for three days in a row…
Resistance should appear near the 27580 to 27750 and the 2800 to 28290 region.
SEPTEMBER NATURAL GAS
Resistance should appear at 2928 to 2937
Support should appear near 2620 to 2612
THE GRANDE’ GRAINS
Support should appear near 1576 to 1569 and 1535 to 1529
Resistance should appear near 1609 to 1615 region. Beyond that sellers should appear near
1642 to 1655
Resistance should appear near 477.5 to 478.5 and 484.5 to 485.6
Support should appear near 458.2 to 457.1 and 444.6 to 442.5
DECEMBER BEAN OIL
Resistance should appear near 5553 to 5577. Beyond that sellers should appear near 5640 to 5653
Support should appear near 5356 to 5344 and the 5282 to 5259 region.
Support should appear near 751 ¾ to 748 ¾ and 742 ¾ to 741 ½
Resistance should appear near 776 ¼ to 777 ¾ and the 783 ¾ to 786 ½ region
Resistance should appear near 904 ½ to 906 ¾ and 914 to 915 ¾
Support should appear near and 877 ¾ to 876 ¼ and 868 ¼ to 866 ¾
THE LIVELY LIVESTOCK
Support should appear near 11920 and the 11690 to 11640 region.
Resistance should appear near 12030 and 12175.
Support should appear near 7602 to 7587
Resistance should appear near 7937 to 7957
Support should appear near 7432 to 7417
Resistance should appear near 7675 to 7687
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
Support should appear near 18220 to 18080 and the 17380 to 17310 region.
Resistance should appear near 18650 then 19020 to 19090 and the 19460 to 19530 region
Resistance should appear near 2267 to 2275 and the 2354 to 2370 region
Support should appear near 2185 to 2170 and the 2134 to 2126 region .
Support is at 2226 to 2219 and the 2185 to 2170 region
Resistance should appear near the 2315 to 2322 and the 2411 to 2419 region.
Support should appear near 7088 to 7074 and 7003 to 6990. Below that a test of 6673 to 6659 is likely Resistance is 7328 to 7342 and the 7763 to 7777 region. Beyond that sellers should appear near 8029 to 8044 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 –
Tuesday July 17, 2012
2:45 PM South Florida Beach Time
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
FuturesCom Morning Comments Wednesday July 18, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs