Apr 042015
 

Futures Trading Newsletter ‘Bi-Weekly Investment Outlook’ #472.

 


FuturesCom Futures Trading Newsletter Sunday April 19, 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 http://futurescom.com/free-trial-2

Accomplishments will prove to be a journey, not a destination”

–Dwight D. Eisenhower–

 

Friday April 17, 2015

9:00 PM, South Florida Beach Time

 

 

Traders should be prepared for wide movements in all markets. Stay tuned for additional flashes, updates and stay nimble. On Friday, stock futures sold off during for a variety of reasons , look for wide ranges both up and down. Interest rates in the U.S. are still zero. The political season in the U.S. is now making it’s way into the headline news so expect more volatility. G-20, World Bank and International Monetary Fund (IMF) spring meetings were taking place all last week and many comments from political leaders, finance ministers, central bankers and other political officials will likely lead to wide ranges.

Overseas in Japan traders should continue to treat Japanese Yen futures as a trading affair. Spot Dollar-Yen (inverse of the futures) continues to trade on both sides of unchanged on the year by a little bit. On the downside, the USD/JPY support is at 11815 and the 11690 to 11640 region.

The nearby resistance is 11920 to 12030 and the 12320 to 12380 region. In Europe, the Dax slipped a little last week. The Euro has resistance at the 10960 to 11010 region. Resistance remains at 11010 and 11300 to 11360. Support lies near 10680 to 10580 and 10360 to 10300. Nothing has changed.

UK elections are coming up in May and should lead to more volatility for the British Pound.

Downside nearby support for cable is at 14840 and the 14590 to 14530 region. Below that A test of 14210 to 14150 is likely. Resistance above the market is now 15115 and 15290 to 15350. Looking north of the border at the Canadian Dollar, the U.S. Dollar-Canadian Dollar (USD/CAD) trading range has not changed. USD/CAD has some support at 12030 to 11920. Resistance remains near 12680 to 12740. Canadian Dollar futures (inverse of USD/CAD) support is at 8044 to 8029 and 7777 to 7763. Resistance is at the 8300 region. Short-term traders can play both sides. At 8500, the benefit of recent Bank of Canada rate cuts for the Canadian economy are diminished. Nothing has changed. The Australian dollar and the Kiwi are trading in wide ranges and we expect that to continue, stay tuned for flashes. The long term targets are lower. Chinese stock market ETF’s were sharply lower on Friday (after China closed) in response to more tightening of margin rules in China. Expect lots of volatility next week in some areas of the globe.

 

Analysis for overseas equity and foreign exchange markets are available upon request. For cross-country or country-by-country analysis for trading and hedging, please call or email a request.

 

Gold and silver continue to waffle around and are trading affairs. Support is well below prevailing trading levels. Copper is pushing up against short term resistance, lumber acts lousy. Natural Gas prices are still trading lower on the year. WTI Crude Oil, Brent Crude and the products have moved a little higher and continue to bounce around and are trading affairs. Stay tuned for energy flashes. Traders should expect increased volatility the grain markets as the U.S. planting and growing season progresses. Traders should also expect a lot of price movement in both Live Cattle and Lean Hogs on a daily basis. In the Soft Commodities, coffee has moved back and forth. Coffee is a trading affair. Sugar has bounced and is likely to find sellers in the current region. Cotton is higher on the year and is entering a period of time where some typical weakness occurs Cocoa has rallied a little. Nothing has changed. Traders should sell July Cocoa and work orders to sell September above mkt and maintain the positions for a year or two. Traders should expect wide ranges and a trading affair in Cocoa.

 

Onto the Nitty Gritty

 

 

 

 

                                         THE SENSATIONAL STOCK AND BOND MARKET

 

DOW JONES INDUSTRIAL AVERAGE Nearby support is at 17,380.00 to 17,310.00 should hold. Under that a test of the 16,960.00 to 16,890.00 region is likely.

Nearby resistance is at the 18,080.00 to 18,220.00 region. Beyond that sellers should appear near the 18,580.00 to 18,650.00 region and should cap a rally.

 

DOW JONES TRANSPORTS

Support should appear near 8589.00 to 8560.00 and the 8499.00 to 8484.00 region. Below that a test of 8406.00 to 8391.00 region is likely.

Resistance is at 8668.00 to 8683.00 then 8762.00 to 8777 and the 8856.00 to 8871.00 region Beyond that sellers should appear near 9044.00 to 9060.00

JUNE E-MINI SP500

Resistance should appear near 2080.00 to 2089.00 and the 2126.00 to 2134.00 region. Traders can sell at 2125.75 and initially risk a close over 2137 for three days in row.

Support should appear near 2042.00 to 2034.00 region. Below that a test of 1996.00 to 1982.00 is likely.

NASDAQ COMPOSITE

Resistance should appear at 4973.00 to 4995.00 and the 5127.0 to 5139.00 region. Support should appear near 49.15.00 then 4856.00 to 4845.00 and the 4765 to 4775 region.

 

JUNE E-MINI NASDAQ 100

Support should appear near 4315.00 to 4304.00 , an extended trade or close under is negative and augurs for a test of 4249.00 to 4238.00, below that a test of 4183.00 to 4163.00 is likely.   Resistance is at 4370.00 to 4381.00 region. Beyond that sellers should appear near 4503.00 to 4514.00.

 

 

 

JUNE E-MINI RUSSELL 2000

Resistance should appear near 1253.00 and the 1268.00 to 1274.00 region. Beyond that sellers should appear near 1304.00 to 1310.00 Support should appear near 1238.00 to 1232.00 and the 1203.00 to 1192.00 region.

 

JUNE 30 YR BONDS

Resistance should appear near 167-07 and 168-21. Beyond that sellers should appear near 168-21 and 169-07.

Support should appear near 164-07 then 163-21 and 162-21. Under that buyers should appear near 161-07 and contain a decline.

 

JUNE 10 YR NOTE

Resistance should appear near 130-21 and 131-07. Beyond that sellers should appear near 132-21 and 133-07 and cap a rally.

Support should appear near 128-21 then 128-07 . Below that a test of 127-21 is likely.

Below that 126-22 should contain a decline.                  

                                                

                                             THE FRENZIED FOREX FRONT

JUNE DOLLAR INDEX

Resistance should appear near 9821 to 9837, a close over augurs for a test of the 9921 to 9937 region. Support should appear near the 9641 to 9625 region. Below that buyers should appear near 9541 to 9526.
JUNE JAPANESE YEN

Resistance should appear near 8484 to 849906 region. Beyond that sellers should appear near 8560 to 8589.

Support should appear near 8406 to 8391 and the 8314 to 8300 region.

 

JUNE EURO CURRENCY

Support should appear 10680 to 10580 then 10470 and 10360 to 10320

Resistance should appear near 10960 to 11010 then 11155 and 11300 to 11360.

JUNE SWISS FRANC

Resistance should appear near 10580 to 10680 and 10960 to 11020

Support should appear near 10470 and the 10360 to 10320 region.

 

JUNE BRITISH POUND

Support should appear near 14840 then 14727 and the 14590 to 1453 region.

Resistance should appear near 15117 and the 15290 to 15350 region.
JUNE CANADIAN DOLLAR

Resistance should appear near 8194 to 8223 and the 8300 to 8314 region.

Traders can sell at 8297 and risk a close over 8322 for three days in a row. Support should appear near 8134 to 8119 then 8044 to 8029 and the 7954 to 7939 region.

 

JUNE AUSSIE DOLLAR Resistance should appear near 7763 to 7777 , beyond that sellers should appear near 7834 to 7864 and cap a rally.

Support should appear near 7689 to 7675 and the 7601 to 7587 region.

 

Stay tuned for Forex flashes and updates.      

                                    

 

                                                      

 

 

 

 

 

 

 

 

 

 

 

 

                                                           THE PRECIOUS METALS

 

JUNE GOLD

Resistance should appear near the 1232.0 to 1238.0 region. Beyond that sellers should appear near

1253.0 and the 2068.0 to 2074.0 region.

Support should appear near 1192.0 and 1169.0 to 1164.0 a close under is negative and augurs for a test of 1136.00 to 1130.00.

JULY COPPER Resistance should appear near 28200 to 28290 and the 28740 to 28830 region.  Beyond that sellers should appear near 29280 to 29370

Support should appear near 27240 to 27160 then 26720 to 26630 region. Below that a test of 26200 to 26120 is likely to occur.

 

 

JULY SILVER

Support should appear near 1615 to 1609 and the 1576 to 1569 region. Below that a test of 1535 to 1529 is likely.

Resistance is at 1642 to 1655 then 1689.0 to 1696.0 and the 1731.0 to 1738.0 region.            

 

Pick your poison ….

            

                                    

                                  

 

 

 

 

 

 

                                                    THE EXCITING ENERGIES

 

JUNE CRUDE OIL

Support should appear near 5577 to 5553 and 5430 to 5418. Below that a test of 5282 to 5259 is likely.

Resistance should appear near 5792 to 5805 then 5855 to 5880 and 5945 to 5957

 

JULY CRUDE OIL

Support should appear near 5729 to 5716 and 5577 to 5553. A close under is negative.

Resistance should appear near 6023 to 6035. Beyond that sellers should appear near 6101 to 6113

BW Traders should go short if a close under 5791 occurs. 

 

JUNE BRENT CRUDE OIL

Support should appear near 6113 to 6101 and 5957 to 5945 , below that a test of 5880 to 5855 is likely

Resistance should appear near 6417 to 6430 and 6577 to 6591. Beyond that sellers should appear near 6659 to 6673

 

JUNE HEATING OIL

Support should appear near 18580 and 17800 to 17740. Below that a test of 17380 to 17310 is likely.

Resistance should appear 19020 to 19090 and 19460 to 19530. Beyond that sellers should appear near 19820 to 19960.

JUNE UNLEADED GAS

Support should appear near 18220 to 18080 then 17800 to 17740 and the 17380 to 17310 region.

Resistance should appear 20340 to 20420. Beyond that sellers should appear near 200800 to 20890.

 

JUNE NATURAL GAS

Support should appear near 2.724 to 2.716. Below that a test of 2.672 to 2.663 and the 2.620 to 2.612 region is likely. Failure there augurs for a test of 2.568 to 2.552

Resistance should appear near 2.820 to 2.829 and the 2.874 to 2.883 region. Beyond that sellers should appear near 2.928 to 2.937 and cap a rally.

 

Stay Tuned for Energy Flashes and Updates                                         

                                                

                                               THE GRANDE’ GRAINS

JULY SOYBEANS Support should appear near 944 ½ to 942 ¾ and 934 ¾ to 931 ¾. Below that a test of 906 to 904 ½ and the 896 ½ to 893 ½ region is likely.

Resistance should appear near 970 ¾ to 973 ¾ and 982 ¼ to 983 ¾. Beyond that sellers should appear near 1002 ¼ to 1003 ¾ and cap a rally.

 

NONEMBER SOYBEANS

Support should appear near 944 ½ to 942 ¾ and 934 ¾ to 931 ¾. Below that a test of 915 ¾ to 914 is likely.

Resistance should appear near 970 ¾ to 973 ¾ and the 982 ¼ to 983 ¾ region.

 

JULY SOYOIL Support should appear near 3148 and 3102 to 3092 . Below that a test of 3045 to 3036 is likely

Resistance should appear near 3194 to 3213 and 3261 to 3270. Traders can sell at 3257 and hold for lower prices.

 

JULY SOYMEAL Resistance should appear near 314.8 to 315.7 and 319.4 to 321.3

Support should appear near 304.5 to 303.6 and 299.0 to 297.2. Below that buyers should appear near 288.3 to 287.4. Traders can buy at 288.7 and risk a close under 281.9 for three days in a row.

 

JULY CORN

Support should appear near 374 ¼ to 373 ¼ region. Below that a test of 368 ¼ to 366 ¼ is likely. Resistance should appear near 390 3/4 to 392 ¾ and 398 ¼ to 399 ¼. Beyond that sellers should appear near 411 to 412..

 

JULY WHEAT Support should appear near 485 ¾ to 484 ½ and 465 to 463 ¾

Resistance should appear near 497 ¼ to 499 ½ and 505 ¾ to 506 ¾ Stay tuned for Grain flashes and updates.                                                                         

 

                                                THE LIVELY LIVESTOCK  

 

JUNE CATTLE Support should appear near 14840, a close under is negative and augurs for a test of the 14590 to 14530 region. Below that buyers should appear near 14210 to 14150.

Resistance should appear near 14960 and 15117. Beyond that sellers should appear near 15290 to 15350 and cap a rally.   Trade Accordingly.

 

AUGUST CATTLE

Support should appear near 14590 to 14530 region. Below that a test of 14210 to 14150 is likely

Resistance should appear near 14717 and the 14840 to 14960 region.

 

JUNE HOGS

Support should appear near 7512 to 7482, a close under is negative and augurs for a test of 7342 to 7327 and the 7257 to 7242 region. Below that a test of 7170 to 7142 is likely.

Resistance should appear near 7587 to 7602 and 7672 to 7692. Beyond that sellers should appear near 7762 to 7777 and the 7832 to 7867 region. BW Traders should go short if a close under 7582 occurs. Stay Tuned for Livestock Flashes.

 

OCTOBER HOGS

Support should appear near 7002 to 6992 and the 6922 to 6907 region.

Resistance should appear near 7142 to 7172 and the 7242 to 7257 region.

 

 

                

 

 

 

 

 

 

                                         THE SATISFYING SOFTS

JULY COFFEE

Resistance should appear near 14530 to 14590 region. Beyond that sellers should appear near the 14840 to 14960 region. Traders can sell at 14835 and hold for lower prices.

Support should appear near 13830 to 13770, a close under augurs for a test of 13460 to 13340 and the 12740 to 12680 region.

 

JULY COCOA

Resistance should appear near 2874 to 2883 region and cap a rally. Beyond that resistance is at 2928to 2937 and 2972 to 2990. Traders can sell at 2871 and hold for lower prices.

Support should appear near the 2672 to 2663 and the 2620 to 2612 region

 

JULY SUGAR

Resistance is near 1334 to 1346 and the 1377 to 1383 region, where sellers should appear and cap a rally. Support should appear near 1274 to 1268 and 1238 to 1232, a close under augurs for a test of 1203 to 1192 and eventually the 1169 to 1164 region. Trade Accordingly.

 

JULY COTTON

Support should appear near 6035 to 6023. Under that buyers should appear near 5957 to 5945

Resistance is at 6417 to 6430. Traders can sell at 6407 and hold for lower prices. Beyond that sellers should appear near 6483 to 6509 and 6577 to 6591 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 April 19, 2015 5:00 AM South Florida Beach Time

 

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Dec 162012
 

FuturesCom  Bi-Weekly Investment Outlook # 411 Sunday December 16 2012  SP500 and  Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee •  Sugar • Cocoa  • Cotton.  Free Two Week Trial see http://futurescom.com/free-trial-2 . 

The best thing about the future is that it comes one day at a time”.  — Abraham Lincoln —

Ball-on-a-silver-pedestal
Saturday December 15, 2012
9:00 PM South Florida Beach Time

The end of the year holidays are around the corner. US lawmakers all want to get home for the holidays and many investment market participants are traveling and winding down trading for year end.  This will be 2012’s final Bi-Weekly Investment Outlook.  We will keep recommended positions to a minimum and use the New Year holiday weekend to publish issue # 412 and begin sending day trade flashes for short term trading. During the Holiday period, traders should look for markets to trade actively in flurries and then slow down as participants close up shop if they have not done so already.
Some of US stock market indices we follow in this letter have held up over the last few weeks while advancing off the November lows but have set back over the last few days. The March Nasdaq 100 future suffered the worse, closing at its lowest level on Friday since November 21, giving up every bit of its post-Thanksgiving rally.  The US Dollar hit our buy level last week and we exited on the bounce and will watch it from here.   We remain bearish yen and want to buy sharp dips in Dollar/ Yen, selling Yen futures on Rallies. The Canadian Dollar and Aussie Dollar have both firmed nicely. However a dip may now be due. Euro, Swiss Francs and Cable are all pushing higher look for lower prices into spring after a peak in December. Typically heating oil rises into the end of December buy a dip for a trade.
Be prepared to trade metals from both sides, last week silver acted lousy and sits where it did at the onset of November. Bond and Note futures weakened after the Fed noise and are near the middle of October’s price region, below most the November range. Wheat pushed lower last week and lower prices may still be in front of the market, traders can sell a sharp rally to get back short. Corn bounced after making a test of its early harvest lows. Hogs tend to pull back into early January, thus we will avoid February hogs from the long side and try to re-short. Traders can Buy a Sharp pullback in July Hogs and June Hogs if it occurs.  Buying June and Selling Feb hogs should work.  Stay tuned for Livestock Flashes and Updates. Coffee remains under pressure. Seasonally higher prices are normally in front of the market now but at best it is a trading affair. Sugar and Cocoa tend take out or test December and November lows in January, thus we would avoid the long side except for a short term trade and prefer to sell rallies.

 

                                          THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,100.00 to 13,040.00 and 12,890.00.  Below that a test of the 12,740.00 to 12,680.00 region is likely.
Resistance should appear near the 13,340.00 to 13,460.00 region and cap a rally.

MARCH E-MINI SP500
Resistance remains near the 1415.00 to 1421.00 region. Beyond that a trade towards 1437 and the 1454 to 1459 is likely. Above that sellers should appear near 1484.00 to 1496.00 and cap a rally.
Support should appear near 1399.00 and the 1383.00 to 1374.00 region. Below that buyers should appear near 1346.00 to 1334.00 which should contain a decline, failure there is negative and augurs for a test of the 1310.00 to 1304.00 region. …Pick Your Poison…

NASDAQ COMPOSITE
Resistance should appear near 2990.00 and 3036.00 to 3045.00, a close over is friendly and augurs for a test of the 3092.00 to 3102.00 region, where sellers should appear and cap a rally.
Support should appear near 2938.00 to 2937.00, below that buyers should appear near 2883.00 to 2874.00 and contain a decline.

 

MARCH E-MINI NASDAQ 100
Support should appear near 2620.00 to 2612.00 region. A close under is negative and augurs for a test of the 2568.00 to 2552.00 region. Under that buyers should appear near the 2519.00 to 2511.00 region.
Resistance should appear near 2663.00 to 2672.00 and the 2716.00 to 2724.00, a close over is friendly and augurs for a test of 2758.00 to 2775.00, beyond that sellers should appear near 2820.00 to 2829.00

MARCH E-MINI RUSSELL 2000

Resistance should appear near 830.00 to 831.40 and the 856.00 to 858.90 region
Support should appear near 813.40 to 811.909 and the 804.40 to 802.90 region, failure there is negative and augurs for a test of 795.40 to 793.90…

MARCH 30 YR BOND
Resistance should appear near 149-07 and 150-07. Beyond that sellers should appear near
151-21and should cap a rally.

Support should appear near 147-21 and 147-07, below that buyers should appear near 146-21 and 146-07, which should hold for now.

MARCH 10 YR NOTE
Resistance should appear near 133-07 and 133-21, beyond that 134-07 and 134-21 should cap a rally.
Support should appear near 132-07, below that a test of 131-21 is likely and bring in buyers.                                                          


THE FRENZIED FOREX FRONT

MARCH DOLLAR INDEX
Resistance should appear near 8029 to 8044 and the 8119 to 8134region.  .
Support should appear near 7954 to 7939 region. Below that buyers should appear near 7902 and the 7864 to 7834 region.
MARCH JAPANESE YEN
Resistance should appear near 12030 then 12175 and the 12320 to 12380 region. Traders can sell at 12173 and hold for lower prices…
Support should appear near the 11920 region and should hold failure here augurs for a test of 11805 and eventually the 11690 to 11640 region. Traders should consider selling short if a close under 11917 occurs. Stay tuned for flashes

MARCH EURO CURRENCY
Support should appear near 13100 to 13040 and 12890.
Resistance should appear near 13220 and the 13340 to 13460 region.

MARCH SWISS FRANC
Resistance should appear near the 10960 to 11010 region.
Support should appear near 10820 and 100680 to 10580.

MARCH BRITISH POUND
Support should appear near 16150 to 16090 and 15922
Resistance should appear near 16287 and the 16420 to 16550 region.
MARCH CANADIAN DOLLAR
Resistance should appear near 10136 and 10175. Beyond that 10320 to 10360 and should cap a rally.
Support should appear near 10104, below that buyers should appear near 10037 to 10021

MARCH AUSSIE DOLLAR
Resistance should appear near 10580 to 10680 and 10820
Support should appear near 10470 and the 10360 to 10320 region.
            THE PRECIOUS METALS

FEBRUARY GOLD
Resistance should appear near 1731.0 to 1738.0. Beyond that sellers should appear near
1756.0 and the 1774.0 to 1780.0 region.
Support is near 1696.00 to 1689.00 failure there is negative and augurs for a test of 1655.0 to 1642.

MARCH COPPER
Resistance should appear near the 37340 to 37450 region. Beyond that sellers should appear near 37950 to 38060.
Support should appear near 36230 to 36130 and the 35630 to 35530 region.

MARCH SILVER
Resistance should appear near the 3261 to 3270 and the 3377 to 3386 region. Beyond that sellers should appear near 3425 to 3443 and the 3493 to 3507 region.
Support is at 3213 to 3194, a close under is negative and augurs for a test of 3157 to 3148, below that buyers should appear near 3102 to 3092 and the 2990 to 2972 region. .

 

 

THE EXCITING ENERGIES
FEBRUARY CRUDE OIL
Resistance should appear near 8856 to 8871 and the 8934 to 8964 region. Beyond that sellers should appear near 9044 to 9060 region, which should cap a rally.
Support should appear near 8683 to 8668 and the 8589 to 8560 region. Below that buyers should appear near 8499 to 8484 and the 8406 to 8391 region. .

JANUARY HEATING OIL
Support should appear near 29370 to 29280 should bring in buyers and contain a decline.  Traders can buy at 29410 for a bounce and hold for higher prices. Below that support should appear near 28830 to 28740.
Resistance should appear near 30360 to 30450 and the 30920 to 31020 region. Above that a test of 31480 to 31570 is likely.

JANUARY UNLEADED GAS
Resistance should appear near 26630 to 26720 and the 27160 to 27240 region. Beyond that sellers should appear near 27580 to 27740.

Support should appear near 26200 to 26120. Below that buyers should appear near 25680 to 25520… Stay tuned for Flashes

JANUARY NATURAL GAS
Resistance should appear at 3425 to 3443 and 3553 to 3563. Beyond that sellers should appear near the 3663 to 3682 region.
Support should appear near 3157 to 3148 and the 2990 to 2972 region.

THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1484 and the 1459 to 1453 region. Below that a test of 1421 to 1415 is likely.
Resistance should appear near 1496 and the 1529 to 1535 region, which should cap a rally. Beyond that sellers should appear near 1569 to 1576.

MARCH SOYOIL
Resistance should appear near 5056 to 5067 and the 5127 to 5139 region.  Beyond that sellers should appear near the 5200 to 5211region.
Support should appear near 4926 to 4915 and the 4856 to 4845 region.

 

MARCH SOYMEAL
Resistance should appear near 463.9 to 465.0 and the 477.5 to 478.5 region. Beyond that sellers should appear near 484.5 to 485.6 and cap a rally.
Support should appear near 444.6 to 442.5 and 431.5 to 430.6 region. Below that a test of the 418.3 to 416.3 region is likely.

 

MARCH CORN
Support should appear 717 to 714 ¼, below that a test of 708 ¾ to 707 ½ likely… Failure there augurs for a test of 691 ¾ to 690 3/4.
Resistance should appear near 732 ¾ to 734 ¼ and the 741 ½ to 742 ¾ region. Beyond that sellers should appear near 759 ¾ to 760 1/.4 and cap a rally.

MARCH WHEAT
Resistance should appear near 830 to 831 ¼ and 839 ¼ to 840 ¾, traders can sell at 839 for a turn lower and risk a close over 843 for three days in a row. Beyond that sellers should appear near 856 to 858 ¾

Support should appear near 804 ½ to 802 ¾ and the 795 ½ to 792 ¾ region. Below that buyers should appear near 777 ¾ to 776 ¼.

 

THE LIVELY LIVESTOCK
FEBRUARY CATTLE

Support should appear near 13220 and 13100 to 13040.
Resistance should appear near 13340 to 13460

APRIL CATTLE

Support should appear near 13617 and the 13460 to13340 region.

Resistance should appear near 13770 to 13830

 

FEBRUARY HOGS

Resistance should appear near 8557 to 8592 then 8667 to 8682 and the 8762 to 8777 region.

Support should appear near 8502 to 8497 region, below that a test of 8407 to 8392 and eventually the 8317 to 8300 region is likely

 

APRIL HOGS

Support should appear near 8967 to 8937 region. Below that a test of 8872 to 8857 is likely.

Resistance should appear near 9042 to 9062 and the 9137 to 9157 region. .

JUNE HOGS

Support should appear near 9937 to 9922 and the 9737 to 9707 region. Below that a test of 9642 to 9622 is likely.
Resistance should appear near 10022 to 10037 and the 10102 to 10137 region.

Stay tuned for Livestock Flashes and Updates

 

THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 14210 to 14150 and the 13830 to 13770 region.
Resistance should appear near 14840 to 14960 and the15290 to 15350 region.

.

MARCH COCOA
Resistance should appear near 2461 to 2469 and 2511 to 2519. Beyond that sellers should appear near 2552 to 2568. Traders can sell at 2552 and hold for lower prices. Risk a close over 2572 for three days in a row

Support should appear near 2419 to 2411 region. Below that buyers should appear near 2370 to 2354, failure there augurs for a test of the 2322 to 2315 region.

MARCH SUGAR
Support is at 1865 to 1858 region and the 1822 to 1808 region. Under that a test of 1780 to 1774 is likely and where buyers should appear to contain a decline.
Resistance should appear near 1902 to 1909 and the 1945 to 1953 region. Beyond that 1982 to 1996, should cap a rally. Traders can Sell at 1977 and risk a close over 2002 for three days in a row.

MARCH COTTON
Support should appear near 7342 to 7328 and the 7170 to 7143 region. Below that a test of 7003 to 6990 is likely.
Resistance is near 7587 to 7601. Beyond that sellers should appear near 7763 to 7777 and the 7836 to 7864 region 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 December 16, 2012
10:30 AM South Florida Beach Time 

 

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FuturesCom Bi-Weekly Investment Outlook # 411  Sunday December 16, 2012 Equity Indices – Treasuries – Currency Trading – Forex – Precious Metals – Energy – Grains – Livestock – Softs Comments

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