FuturesCom Bi-Weekly Investment Outlook # 407 Sunday October 21 2012 SP500 and Equity Indices • Bonds • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. Free Two Week Trial 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–
Saturday October 20, 2012
6:00 AM South Florida Beach Time
Considering there is a week and a half of trading before the end of month and two weeks until U.S. General Elections, month end positioning may be inhibited and the ‘political scene’ will be a deciding factor for many investors. Therefore traders should remain nimble regarding all markets and expect more wild swings. Stay tuned for Flashes and Updates in all Markets
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,340.00, a close under is negative and augurs for a test of 13,220.00 and the 13,100.00 to 13,040.00 region, which should contain a decline.
Resistance should appear near 13,460.00 then 13,615.00 and the 13,770.00 to 13,830.00 region.
DECEMBER E-MINI SP500
Resistance should appear near 1437.00 and the 1453.00 to 1459.00 region. Beyond that sellers should appear near 1471.50 and the 1484.00 to 1496.00 region
Support should appear near 1421.00 to 1415.00 region. Below that a test of 1399.00 and the 1383.00 to 1377.00 is likely. Where buyers should appear and contain a decline.
NASDAQ COMPOSITE
Resistance should appear near 3036.00 to 3045.00. Beyond that sellers should appear near 3092.00 to 3102.00 and the 3148.00 to 3157.00 region.
Support should appear near 2990.00 to 2972.00 and the 2937.00 to 2928.00 region.
DECEMBER E-MINI NASDAQ 100
Support should appear near 2663.00 and the 2620.00 to 2612.00 region. Which should hold…
Below that a trade towards 2568.00 to 2552.00 is likely. Under that buyers should appear near 2519.00 to 2511.00
Resistance should appear near 2716.00 to 2724.00 and the 2758.00 to 2775.00 region. Beyond that sellers should appear near 2820 to 2829.00 and cap a rally.
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 819.40 to 822.30 and the 830.00 to 831.40 region. Beyond that 839.10 to 840.60 should cap a rally.
Support should appear near 813.40 to 811.90 and the 804.40 to 802.90 region… Below that a test of 795.40 to 793.90 is likely. Failure there is negative and augurs for a test of 777.70 to 776.30 which should hold.
DECEMBER 30 YR BOND
Resistance should appear near 147-21 and 148-07, beyond that a test of 148-21 is likely which should cap a rally.
Support should appear near 146-07 and 145-21, below that a test of 144-21 is likely and should hold. .
DECEMBER 10 YR NOTE
Resistance should appear near 133-07 and the 133-21 to 134-07 region.
Support should appear near 132-07 and 131-21. Below that a test of 131-07 is likely
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 7991and 8029 to 8044. A close over is friendly and augurs for a test of 8119 to 8134.
Support should appear near 7954 to 7939 and 7864 to 7836.
DECEMBER JAPANESE YEN
Resistance should appear near 12680 to 12740 and the 13040 to 13100 region.
Support should appear near 12605 and 12530. A close under is negative and augurs for a test of 12455 and eventually the 12380 to 12320 region.
Stay tuned for flashes
DECEMBER EURO CURRENCY
Support should appear near 12890 and the 12740 to 12680 region.
Resistance should appear near 13040 to 13100 then 13220 and the 13340 to 13460 region.
DECEMBER SWISS FRANC
Resistance should appear near 10820. Beyond that sellers should appear near 10960 to 11010. Traders can sell at 10957 and hold for lower prices.
Support should appear near 10757 and the 10680 to 10580 region. A close under is negative and augurs for a test of 10470 and eventually the 10360 to 10320 region.
DECEMBER BRITISH POUND
Support should appear near 15922, below that a test of the 15760 to 15690 region is likely.
Resistance should appear near 16090 to 16150. Traders can sell at 16087 for a turn lower and risk a close over 16157 for three days in a row. Beyond that sellers should appear near 16287 and the 16420 to 16550 region.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 10104 to 10136 and 10228. Traders can sell at 10103 and a risk over close over 10138 for three days in a row. Beyond that 10320 to 10360 should cap a rally.
Support should appear near 10037 to 10021. Below that a test of 9937 to 9921 is likely.
DECEMBER AUSSIE DOLLAR
Resistance should appear near 10320 to 10360 and 10470. Beyond that sellers should appear near 10580 to 10680 cap a rally.
Support should appear near 10237, below that a test of 10185 and the 10136 to 10104 is likely.
Trade Accordingly and stay tuned for Forex Flashes ….
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near the 1731.00 to 1738.00 and the 1774.00 to 1780.00 region.
Support is near 1696.0 to 1689.0 below that buyers should appear near 1655.00 to 1642.00.
DECEMBER COPPER
Resistance should appear near 36630 to 36820 and the 37340 to 37430 region. Beyond that sellers should appear 37950 to 38060
Support should appear near 36230 to 36120, below that a test of 35630 to 35520 and the 35030 to 34930 region is likely.
DECEMBER SILVER
Resistance should appear near 3261 to 3270 and the 3319 to 3328 region. Beyond that sellers should appear near 3377 to 3386 and the 3425 to 3443 region and cap a rally.
Support is at 3194, a close under is negative and augurs for a test of 3157 to 3148, below that a test of 3102 to 3092 is likely. Below that buyers should appear near 3045 to 3036.
THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Resistance should appear near 9140 to 9156, a close over is friendly and augurs for a test of 9316 to 9347 region. Beyond that a trade towards the 9420 to 9445 region is likely.
Support should appear near 8964 to 8934 and the 8777 to 8762 region. Below that buyers should appear near 8683 to 8668 Trade Accordingly.
DECEMBER HEATING OIL
Support should appear near 31020 to 30920 and the 30450 to 30360 region.
Resistance should appear near 31940 to 32130, beyond that a test of 32610 to 32700 and the 33190 to 33280 region is likely.
DECEMBER UNLEADED GAS
Resistance should appear near 27160 to 27240 and the 27580 to 27750 region. Beyond that sellers should appear near 28200 to 28290.
Support should appear near 26630 and the 26200 to 26120 which should hold. Below that buyers should appear near 25680 to 25520 contain a decline. Traders can buy at 25700 for a bounce and for higher prices
DECEMBER NATURAL GAS
Resistance should appear at 3982 to 3992 and the 4046 to 4056 region. Beyond that sellers should appear near 4110 to 4120 and the 4163 to 4183 region.
Support should appear near 3867 to 3858 and the 3743 to 3734 region. Below that buyers should appear near 3682 to 3663 and contain a decline.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 1535 to 1529 and the 1496 to 1489 region.
Resistance should appear near 1569 to 1576 and the 1609 to 1615 region
DECEMBER SOYMEAL
Resistance should appear near 477.5 to 478.5 and the 484.5 to 485.6 region . Beyond that sellers should appear near the 491.5 to 492.6 region.
Support should appear near 458.2 to 457.1 and the 444.6 to 442.5 region. .
DECEMBER BEAN OIL
Resistance should appear near 5200 to 5211 and the 5259 to 5282 region. Beyond that sellers should appear near 5344 to 5356.
Support should appear near 5067 to 5056, a close under is negative and augurs for a test of 4995 to 4973 and eventually the 4926 to 4915 region.
DECEMBER CORN
Support should appear near 742 ¾ to 741 ¾ and 734 ¼ to 742 ¾. Below that buyers should appear near 717 to 714 ¾
Resistance should appear near 767 ½ to 768 ¾… Beyond that sellers should appear near 776 ¾ to 777 ¾ and cap a rally.
DECEMBER WHEAT
Resistance should appear near 904 ½ to 906, a close over is friendly and augurs for a test of 931 ¾ to 934 ¾.
Support should appear near 849 ¾ to 848 ½… Below that buyers should appear near 831 ½ to 830 and the 804 ½ to 804 region.
THE LIVELY LIVESTOCK
DECEMBER CATTLE
Support should appear near 12680 and 12530, below that a test of the12380 to 12320 region is likely.
Resistance should appear near 12740 and 12890. Beyond that 1340 to 13100 should cap a rally
FEBRUARY CATTLE
Support should appear near 13040 and 12890, below that a test of the12742 to 12677 region is likely.
Resistance should appear near 13220 and the 13340 to 13460 region
DECEMBER HOGS
Support should appear near 7777 to 7762 and the 7602 to 7587 region, a close under is negative and augurs for a test of 7342 to 7327.
Resistance should appear near 8027 to 8047 and the 8117 to 8137 region. Beyond that sellers should appear near 8192 to 8222 and cap a rally.
FEBRUARY HOGS
Resistance should appear near 8667 to 8682 and the 8762 to 8777 region. Beyond that sellers should appear near 8852 to 8877 and cap a rally.
Support should appear near 8407 to 8392 and the 8317 to 8302 region.
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
DECEMBER COFFEE
Support should appear near 15760 to 15690 and the 15350 to 15290 region.
Resistance should appear near 16420 to 16550 and the16890 to 16960 region. Beyond that sellers should appear near 17310 to 17380.
Stay tuned for Flashes and Trade accordingly
DECEMBER COCOA
Resistance should appear near 2511 to 2519 and the 2552 to 2568 region… Beyond that sellers should appear near 2612 to 2620 and cap a rally.
Support should appear near 2469 to 2461 and the 2419 to 2411 region… A close under is negative and augurs for a test of 2370 to 2354 and the 2322 to 2315 region.
MARCH SUGAR
Support is at 1996 to1982 and 1953 to 1945. Below that a test of 1865 to 1858 is likely. Under that buyers should appear near 1822 to 1808, Traders can buy at 1823 and risk 30 points.
Resistance should appear near 2034 to 2042 and the 2080 to 2089, beyond that 2126 to 2134 should cap a rally.
DECEMBER COTTON
Support should appear near 7601 to 7587, a close under is negative and indicates a test of 7513 to 7486 and the 7342 to 7328 region
Resistance is near 7762 to 7777 then 7836 to 7864, beyond that sellers should appear near 7939 to 7954 and the 8029 to 8044 region. .
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 October 21, 2012
11:45 AM ET 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 Bi-Weekly Investment Outlook # 407 Sunday October 21, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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