FuturesCom Morning Investment Comments Tuesday April 24, 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.”
“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–
Monday April 23, 2012
3:00 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 13,040.00 to 13,100.00
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 the 2937.00 to 2928.00 region.
JUNE E-MINI NASDAQ 100
Resistance should appear near 2716.00 to 2724.00
Support should appear near 2620.00 to 2612.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near the 811.90 to 813.50 and 819.40 to 822.30 region
Support should appear near 786.40 to 783.60 region.. Below that buyers should appear near 777.70 to 776.30 region… Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 142-21 and 143-07.
Support should appear near 141-07 and 140-21
JUNE 10 YR NOTE
Resistance should appear near 132-07, beyond that sellers should appear near 132-21 and cap a rally.
Support should appear near 131-07 and 130-21 a close under is negative and augurs
for a test of 129-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7929 to 7954 and 8029 to 8044.
Support should appear near the 7864 to 7836 region, which should contain a decline.
JUNE JAPANESE YEN
Resistance should appear near the 12320 to 12380 region.
Support should appear near 12175 and the 12030 to 11920 region.
JUNE EURO CURRENCY
Support should appear near 13100 to 13040, a close under is negative and augurs for a test of 12890
Resistance should appear near 13265 and the 13340 to 13460 region. .
BW Traders should Go Short if a close under 13037occur.
JUNE SWISS FRANC
Resistance should appear near 11010 and 11085
Support should appear near 10960 and 10820.
BW Traders should go short if a close under 10817 occurs
JUNE BRITISH POUND
Support should appear near 16090 and 15927.
Resistance should appear near 16150 and 16227.
JUNE CANADIAN DOLLAR
Resistance should appear near 10136 and 10185.
Support should appear near 10037 to 10021 and 9937 to 9921.
JUNE AUSSIE DOLLAR
Resistance should appear near 10320 to 10360 and 10470.
Support should appear near 10237 and the 10136 to 10104 region.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1642 to 1655 then 1672 and the 1689 to 1696 region.
BW Traders can sell at 1688 and hold for lower prices.
Support is near 1628.5 and the1615 to 1609 region.
JULY COPPER
Resistance should appear near 37340 to 37430 and 37950 to 38060
Support should appear near 36820 to 366320 and 36230 to 36130
JULY SILVER
Resistance should appear near 3092 to 3102 and 3148 to 3157
Support is at 3045 to 3036 and 2990 to 2972
THE EXCITING ENERGIES
JUNE CRUDE OIL
Resistance should appear near 10470 and 100580 to 10680
Support should appear near 10360 to 10320 and 10185.
JUNE HEATING OIL
Support should appear near the 31020 to 30920
Resistance should appear near 31940 to 32130
JUNE UNLEADED GAS
Support should appear near 30450 to 30360
Resistance should appear near 31940 to 32130
JUNE NATURAL GAS
Support should appear at 2042 to 2034
Resistance should appear near 2126 to 2134
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1459 to 1453
Resistance should appear near 1529 to 1535
JULY SOYMEAL
Resistance should appear near 430.4 to 431.5
Support should appear near 418.3 to 416.3
JULY BEAN OIL
Resistance should appear near 5716 to 5729.
Support should appear near 5504 to 5492
JULY CORN
Support should appear near 603 ½ to 602 ¾ and 595 ¾ to 594 ½.
Resistance should appear near 616 ½ to 619 and the 633 ¾ to 635 region.
JULY WHEAT
Resistance should appear near 648 ¾ to 650 ¾ .
Support should appear near 627 to 625 ¾
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11010 to 10960
Resistance should appear near 11300 to 11360
JUNE HOGS
Support should appear near 8682 to 8667.
Resistance should appear near 8857 to 8872
OCTOBER HOGS
Support should appear near 8027 to 8042 and the 7957 to 7932 region.
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 the 18220 to 18080.
Resistance should appear near the 19020 to19090 region.
BW Traders can sell at 18570 and hold for lower prices.
JULY COCOA
Resistance should appear near 2315 to 2322.
Support should appear near 2185 to 2170 .
JULY SUGAR
Support is at the 2134 to 2126
Resistance should appear near 2219 to 2226.
JULY COTTON
Resistance should appear near 9316 to 9347 region
Support should appear 9156 to 9140
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Monday April 23, 2012
4:20 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 Tuesday April 24, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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