FuturesCom Morning Investment Comments Friday November 16, 2012 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial-2
Thursday November 15, 2012
2:00 PM South Florida Beach Time
“Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near the 12,380.00 to 12,320.00 region.
Resistance should appear near the 12,680.00 to 12,740.00 region.
DECEMBER E-MINI SP500
Resistance should appear near 1361.50 and 1377.00 to 1383.00
Support should appear near 1346.00 to 1334.00 and 1322.00
NASDAQ COMPOSITE
Resistance should appear near 2874.00 to 2883.00 and 2905.00
Support should appear near 2829.00 to 2820.00 and 2775.00 to 2758.00.
DECEMBER E-MINI NASDAQ 100
Support should appear near 2519.00 to 2511.00 and 2469.00 to 2461.00
Resistance should appear near 2552.00 to 2568.00 and 2590.
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 767.50 to 768.90 and 776.30 to 777.70.
Support should appear near 760.10 to 758.70 and the 7511.30 to 748.60 region.
DECEMBER 30 YR BOND
Resistance should appear near 152-07 and 152-21
Support should appear near 151-21 and 151-07
DECEMBER 10 YR NOTE
Resistance should appear near 134-07 then 134-21 and 135-07
Support should appear near 133-21 then 133-07 and 132-21
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 8119 to 8134, A close over is friendly and augurs
for a test of 8194 to 8223.
Support should appear near 8081 and 8044 to 8029. BW Traders can buy at 8030 and hold for higher prices.
DECEMBER JAPANESE YEN
Resistance should appear near 12320 to 12380 and 12457
Support should appear near 12247 and 12177
DECEMBER EURO CURRENCY
Support should appear near 12740 to 12680, failure there indicates a test of 12607 and 12530.
Resistance should appear near 12815 and 12890. BW Traders can sell at 12887 and initially risk a close over 12967 for three days in a row.
DECEMBER SWISS FRANC
Resistance should appear near 10630 and 10680.
Support should appear near 10580 and 10470. Trade Accordingly
DECEMBER BRITISH POUND
Support should appear near the 15760 to 15690 region.
Resistance should appear near 15922 and 16017 region.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 10021 to 10037.
Support should appear near 9937 to 9921.
DECEMBER AUSSIE DOLLAR
Resistance should appear near 10320 to 10360 and 10470
Support should appear near 10231 and 10187
Trade accordingly and stay tuned for Forex Flashes ….
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1731 to 1738.0
Support is near 1696.00 to 1689.00.
DECEMBER COPPER
Resistance should appear near 34930 to 35030 and 35530 to 35630
Support should appear near 34430 to 34250 and 33860 to 33770
DECEMBER SILVER
Resistance should appear near 3271 to 3270 and 3319 to 3328.
Support is at 3213 to 3194 and 3157 to 3148
THE EXCITING ENERGIES
JANUARYCRUDE OIL
Resistance should appear near 8667 to 8683 and the 8762 to 8777 region
Support should appear near 8560 and 8499 to 8484
DECEMBER HEATING OIL
Support should appear near 29370 to 29280 and 28830 to 28740.
Resistance should appear near 29720 to 29900 and 30360 to 30450.
DECEMBER UNLEADED GAS
Resistance should appear near 27160 to 27240 and 27580 to 27750
Support should appear near 26720 to 26630 and 26200 to 26120
Stay tuned for Flashes…
DECEMBER NATURAL GAS
Resistance should appear at 3734 to 3743 and 3858 to 3867
Support should appear near 3623 to 3613 and 3563 to 3553.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 1383 to 1377
Resistance should appear near 1415 to 1421 and 1437.
DECEMBER SOYMEAL
Resistance should appear near 437.0 to 438.1 and 442.5 to 444.6
Support should appear near 430.4 and 424.9 to 423.8.
DECEMBER SOYBEAN OIL
Resistance should appear near 4775 to 4785 and 4845 to 4856
Support should appear near 4717 to 4695 and 4650 to 4639
DECEMBER CORN
Support should appear near 708 ¾ to 707 ½ and the 691 ¾ to 690 ¾ region
Resistance should appear near 732 ¾ to 734 ¼ and 741 ½ to 742 ¾
DECEMBER WHEAT
Resistance should appear near 856 to 858 ¾ and the 866 ¾ to 868 ¼.
Support should appear near 840 ¾ to 839 ¼ and 831 ½ to 830.
THE LIVELY LIVESTOCK
DECEMBER CATTLE
Support should appear near 12532 and the 12380 to 12320 region.
BW Traders can buy at 12387 and risk a close under 12307…
Resistance should appear near 12617 and 12677 to 12740
FEBRUARY CATTLE
Support should appear near 12892 and the12742 to 12677 region.
Resistance should appear near 13040 to 13100
DECEMBER HOGS
Support should appear near 7957 to 7937 and 7867 to 7832
Resistance should appear near 8027 to 8042 and 8117 to 8132
FEBRUARY HOGS
Resistance should appear near 8662 to 8682 and 8762 to 8777
Support should appear near 8592 to 8562 and 8502 to 8482
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 14960 to 14840.
Resistance should appear near 15690 to 15760.
MARCH COCOA
Resistance should appear near 2511 to 2519
Support should appear near the 2419 to 2411
MARCH SUGAR
Support is at 1865 to 1858 and 1822 to 1808. BW Traders can buy at 1823 and risk 30 points
Resistance should appear near 1902 to 1909 and 1946 to 1953
MARCH COTTON
Support should appear near 7088 to 7074 and 7003 to 6990
Resistance is near 7242 to 7255 and 7328 to 7342
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
Thursday November 15, 2012
3:00 PM 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 Morning Futures Comments Friday November 16-2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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