FuturesCom Morning Investment Comments Friday March 23, 2012
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
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-
Thursday March 22, 2012
1:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 13,040.00 and 12,890.00
Resistance should appear the 13,100.00 and 13,220.00
JUNE E-MINI SP500
Resistance should appear near 1399.00 and 1415.00 to 1421.00
Support should appear near 1383.00 to 1377.00 and 1361.50
NASDAQ COMPOSITE
Resistance should appear near 3092.00 to 3102.00.
Support should appear near 3045.00 to 3036.00.
JUNE E-MINI NASDAQ 100
Resistance should appear near the 2758.00 to 2775.00 region
Support should appear near 2672.00 to 2663.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 819.40 to 822.30 and 830.00 to 831.40 .
Support should appear near 804.40 to 802.90
JUNE 30 YR BOND
Resistance should appear near 137-07 and 137-21
Support should appear near 136-07 and 135-21.
JUNE 10 YR NOTE
Resistance should appear near 129-07 and 129-21.
Support should appear near 128-07 and 127-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8029 to 8044
Support should appear near 7954 to 7939
JUNE JAPANESE YEN
Resistance should appear near 12175 and 12320 to 12380
BW Traders can sell at 12317 and hold for lower prices.
Support should appear near 12030 to 11920
JUNE EURO CURRENCY
Support should appear near 13100 to 13040
Resistance should appear near 13220 and 13340 to 13460
JUNE SWISS FRANC
Resistance should appear near 10960 to 11010
Support should appear near 10820 and 10680 to 10580
JUNE BRITISH POUND
Support should appear near 15760 to 15690.
Resistance should appear near 15847 and 15917
JUNE CANADIAN DOLLAR
Resistance should appear near 10021 to 10037
Support should appear near 9937 to 9921
JUNE AUSSIE DOLLAR
Resistance should appear near 10320 to 10360.
Support should appear near 10237 and 10136 to 10104
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1642 to 1655 and 1672
Support is near 1615 to 1609
MAY COPPER
Resistance should appear near 37950 to 38060 and 38580 to 38670
Support should appear near 37430 to 37340 and 36820 to 36630
MAY SILVER
Resistance should appear near 3148 to 3157 and 3194 to 3213
Support is at 3102 to 3092 and 3045 to 3036
THE EXCITING ENERGIES
MAY CRUDE OIL
Resistance should appear near 10580 to 10680
Support should appear near 10360 to 10320
BW Traders can buy at 10370 and hold for higher prices.
APRIL HEATING OIL
Support should appear near 31020 to 30920
Resistance should appear near 32610 to 32700
APRIL UNLEADED GAS
Support should appear near 32130 to 31940
Resistance should appear near 33770 to 33860
APRIL NATURAL GAS
Support should appear at 2185 to 2170
Resistance should appear near 2354 to 2370
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1346 to 1334 and 1310 to 1304
Resistance should appear near 1361 ½ and the 1377 to 1383 region
MAY SOYMEAL
Resistance should appear near 373.4 to 374.3
Support should appear near 362.3 to 361.3
MAY BEAN OIL
Resistance should appear near 5418 to 5430
Support should appear near 5282 to 5259
MAY CORN
Support should appear near 635 to 633 ¾ and 619to 616 ½
Resistance should appear near 648 ¾ to 650 ¾ 657 ¾ to 659 ¼
MAY WHEAT
Resistance should appear near 657 ¾ to 659 ¾ and 665 ¾ to 667 ¼.
Support should appear near 643 to 641 ¾ and 635 to 633 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 12030 to 11920
Resistance should appear near 12320 to 12380
JUNE HOGS
Support should appear near 9157 to 9142
Resistance should appear near 9427 to 9445
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 16960 to 16890
Resistance should appear near 18080 to 18220
MAY COCOA
Resistance should appear near 2411 to 2419
Support should appear near 2275 to 2267
MAY SUGAR
Support is at 2469 to 2461
Resistance should appear near 2612 to 2620
MAY COTTON
Resistance should appear near 9044 to 9060.
Support should appear 8683 to 8668
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 March 22, 2012
2:10 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 RELAIBLE 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 March 23, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs FuturesCom Investment Publications 1- 772-236-9294 Terms of Use and Agreement https://www.futurescom.com/policies.html FuturesCom Investment Publications © 2012 All Rights Reserved.
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