FuturesCom Morning Investment Comments Thursday January 31, 2013 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
“A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”
Wednesday January 30, 2013
4:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,830.00 to 13,770.00.
Resistance should appear near the 14,150.00 to 14,210.00 region.
MARCH E-MINI SP500
Resistance should appear near 1512.50 and the 1529.00 to 1535.00 region.
Aggressive BW Traders can sell at 1528.50 and risk 10 points.
Support should appear near 1490.00 and 1484.00.
NASDAQ COMPOSITE
Resistance should appear near 3157.00 then 3175.50 and the 3194.00 to 3213.00 region.
Support should appear near 3125.00 and 3102.00 to 3092.00.
MARCH E-MINI NASDAQ 100
Support should appear near the 2724.00 to 2716.00 region. Below that buyers should appear near the 2672.00 to 2663.00 region.BW Traders can buy at 2673.00 for a bounce and risk a close under 2659.00
Resistance should appear near 2758.00 to 2775.00 and the 2820.00 to 2829.00 region
MARCH E-MINI RUSSELL 2000
Nearby Resistance is at 893.40 to 896.40 and the 904.40 to 906.00 region
Support should appear near 887.10 to 885.60. BW Traders can buy at 888.90 for a bounce and risk a close under 885.30 for three days in a row.
MARCH 30 YR BOND
Resistance should appear near 144-07 and 144-21
Support should appear near 142-21 and 142-07
MARCH 10 YR NOTE
Resistance should appear near 131-21 then 132-07 and 132-21.
Support should appear near 130-21 below that 129-21 should hold.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 7939 to 7954
Support should appear near 7864 to 7836.
MARCH JAPANESE YEN
Resistance should appear near 11010 and 11068
Support should appear near 10960 region, failure there is negative and augurs for a test of 10820 and the 10680 to 10580 region. Aggressive BW Traders should go short if a close under 10953 occurs.
MARCH EURO CURRENCY
Support should appear near 13537 and 13460 to 13340 region.
Resistance should appear near 13615 and the 13770 to 13830 region.
MARCH SWISS FRANC
Resistance should appear near 11010 and 11155
Support should appear near 10960 and 10820
MARCH BRITISH POUND
Support should appear near 15760 to 15690 and 15525.
Resistance should appear near 15837 and 15922. BW Traders can sell at 15917 and risk a close over 15937 for three days in a row.
MARCH CANADIAN DOLLAR
Resistance should appear near 9979 and the 10021 to 10037 region which should cap a rally.
Support should appear near 9937 to 9921 and the 9837 to 9821 region
MARCH AUSSIE DOLLAR
Resistance should appear near 10415 and 10470.
Support should appear near 10360 to 10320 and 10237
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1689 to 1696 and the 1731 to 1738 region..
Support is near 1655 to 1642 and the 1615 to 1609 region. .
BW Traders should go long if a close over 1697.7 occurs.
MARCH COPPER
Resistance should appear near 37950 to 38060 and 38580 to 38670
Support should appear near 374340 to 37340 and 36820 to 36630
MARCH SILVER
Resistance should appear near 3261 to 3270
Support is at 3157 to 3148
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 9821 to 9837 and the 9921 to 9937 region.
Support should appear near 9737 to 9706 and 9641 to 9625
MARCH HEATING OIL
Support should appear near 30450 to 30360
Resistance should appear near 32620 to 31940
MARCH UNLEADED GAS
Resistance should appear near 30920 to 31020
Support should appear near 29900 to 29720.
Stay tuned for Flashes
MARCH NATURAL GAS
Resistance should appear at 3553 to 3563.
Support should appear near 3157 to 3148
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1471 ½ and 1459 to 1453
Resistance should appear near 1484 to 1496
MARCH SOYOIL
Resistance should appear near 5344 to 5356.
Support should appear near 5139 to 5127.
MARCH SOYMEAL
Resistance should appear near 437.0 to 438.1 and 442.5 to 444.6
Support should appear near 424.9 to 423.8 and 418.3 to 416.3
MARCH CORN
Support should appear 734 ¼ to 732 ¾ and 725 ½ to 724 ¼
Resistance should appear near 741 ½ to 742 ¾ and 748 ¾ to 751 1/4
MARCH WHEAT
Resistance should appear near 793 ¾ to 795 ½ and 802 ¾ to 804 ½.
Support should appear near 777 ¾ to 776 ¼ and the 751 ¼ to 748 ¾ region. .
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13237 and 13100 to 13040
Resistance should appear near 13340 to 13400 and 13460
JUNE CATTLE
Support should appear near 12740 to 12680.
Resistance should appear near the 13040 to 13100 region.
FEBRUARY HOGS
Resistance should appear near 8762 to 8777.
Support should appear near 8592 to 8567 BW Traders can buy at 8597 and hold for higher prices
APRIL HOGS
Support should appear near 8872 to 8857 and the 8777 to 8762 region.
Resistance should appear near the 9042 to 9062 region. BW Traders can sell at 9037 and risk a close over 9157 for three days in a row.
JUNE HOGS
Support should appear near the 9737 to 9707 and 9642 to 9622.
Resistance should appear near the 9822 to 9837 and 9922 to 9937
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near the 14590 to 14530 region
Resistance should appear near 14960 and the 15290 to 15350 region
.
MARCH COCOA
Resistance should appear near 2219 to 2226.
Support should appear near 2134 to 2126
MARCH SUGAR
Resistance is near 1902 to 1902 and the 1946 to 1953 region
Support should appear near 1858 and the 1822 to 1807 region
MARCH COTTON
Support should appear near 8300 and 8223 to 8194
Resistance is near 8391 to 8406 and the 8484 to 8499 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
Wednesday January 30, 2013
6:55 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 Futures Comments Thursday January 31 -2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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