FuturesCom Morning Investment Comments Friday April 20, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2 . “A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”
“A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”
Thursday April 19 2012
1:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,890.00 and the 12,740.00 to 12,680.00 region
Resistance should appear near the 13040.00 to 13,100.00 and 13,220.00 .
JUNE E-MINI SP500
Resistance should appear near 1383.00 and 1399.00
Support should appear near 1361.50 and the 1346.00 to 1334.00 region
NASDAQ COMPOSITE
Resistance should appear near 3036.00 to 3045.00
Support should appear near 2990.00 to 2972.00
JUNE E-MINI NASDAQ 100
Resistance should appear near 2716.00 to 2724.00 and 2758.00 to 2775.00
Support should appear near the 2672.00 to 2663.00 and 2620.00 to 2612.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 802.90 to 804.40 and 811.90 to 813.40
Support should appear near 795.40 to 793.90 and 786.40 to 783.60
JUNE 30 YR BOND
Resistance should appear near 142-21 and 143-07
Support should appear near 141-21 and 141-07.
JUNE 10 YR NOTE
Resistance should appear near 132-07 and 132-21
Support should appear near 131-07 and 130-21.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8029 to 8044 a close over is friendly and augurs for a test of
8119 to 8134.
Support should appear near 7954 to 7939.
JUNE JAPANESE YEN
Resistance should appear near 12320 to 12380 and 12455
Support should appear near 12235 and 12175
JUNE EURO CURRENCY
Support should appear near 13100 to 13040 and 12890
Resistance should appear near 13165 and 13220
JUNE SWISS FRANC
Resistance should appear near 10960 to 11010
Support should appear near 10820 and the 10680 to 10580 region
JUNE BRITISH POUND
Support should appear near 15760 to 15690 and 15525
Resistance should appear near the 16090 to 16150 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136
Support should appear near 10037 to 10021 and 9979
JUNE AUSSIE DOLLAR
Resistance should appear near the 10320 to 10360 region.
Support should appear near 10185 and 10136 to 10104.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1642 to 1655 and 1672
Support is near 1628.5 and 1615 to 1609
MAY COPPER
Resistance should appear near 36630 to 36820 and 37340 to 37450
Support should appear near the 35630 to 35530 and 35030 to 34930
MAY SILVER
Resistance should appear near 3194 to 3213 and 3271 to 3270.
Support is at 3157 to 3148 and 3102 to 3092
THE EXCITING ENERGIES
JUNE CRUDE OIL
Resistance should appear near 10320 to 10360 and 10470
Support should appear near 10235 and 10175
MAY HEATING OIL
Support should appear near 30450 to 30360
Resistance should appear near 31940 to 32130
MAY UNLEADED GAS
Support should appear near 31020 to 30920
Resistance should appear near 31940 to 32130
MAY NATURAL GAS
Support should appear at 1865 to 1858
Resistance should appear near 1982 to 1996
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1421 to 1415 and 1383 to 1377
Resistance should appear near 1437 and 1453 to 1459
JULY SOYMEAL
Resistance should appear near 398.2 to 399.2 and 404.6 to 405.6.
Support should appear near 386.7 to 385.8
JULY BEAN OIL
Resistance should appear near 5640 to 5653
Support should appear near the 5504 to 5492
JULY CORN
Support should appear near 595 ¾ to 594 ¾
Resistance should appear near 616 ½ to 619
JULY WHEAT
Resistance should appear near 641 ¾ to 643
Support should appear near 603 ½ to 602 ¼
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11360 to 11300
Resistance should appear near 11640 to 11690 and 11817
JUNE HOGS
Support should appear near 8777to 8762 and 8682 to 8667
Resistance should appear near 8937 to 8967 and 9037 to 9057
OCTOBER HOGS
Support should appear near 8137 to 8117 and 8047 to 8042
Resistance should appear near 8300 to 8317 and 8392 to 8407
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near 16960 to 16890.
Resistance should appear near 18080 to 18220
JULY COCOA
Resistance should appear near 2267 to 2275
Support should appear near the 1953 to 1946 region.
JULY SUGAR
Support is at 2134 to 2126
Resistance should appear near 2219 to 2226
JULY COTTON
Resistance should appear near 9140 to 9156
Support should appear 8871 to 8856.
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Thursday April 19 2012
2:00 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 Friday April 20, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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