FuturesCom Morning Investment Comments Wednesday February 27, 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.”
Tuesday February 26, 2013
3:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support remains near 13,830.00 to 13,770.00 and 13,615.00, below that 13,460.00 to 13,340.00 should hold.
Resistance should appear near 13990.00 and the 14,150.00 to 14,210.00 region
MARCH E-MINI SP500
Resistance should appear 1496.00 then 1505 and 1512.50.
Support should appear near 1490.00 to 1484.00 then 1471.50 and the 1459.00 to 1453.00 region
BW Traders can buy at 1461.50 and risk a close under 1451.50 for three days in a row.
NASDAQ COMPOSITE
Resistance should appear near 3148.00 to 3157.00
Support should appear near 3102.00 to 3092.00 region. Below that buyers should appear near 3045.00 to 3036.00 and contain a decline.
MARCH E-MINI NASDAQ 100
Support should appear near 2991.50 and the 2672.00 to 2663.00 region.
Resistance should appear near 2716.00 to 2724.00, beyond that sellers should appear 2741.
MARCH E-MINI RUSSELL 2000
Resistance should appear near 904.40 to 906.00 and the 914.00 to 915.60 region.
Support should appear near 896.40 to 893.40 and the 887.10 to 885.60 region.
BW Traders can buy at 887.90 and risk 5 points.
JUNE 30 YR BOND
Resistance should appear near 144-07 and 144-21. Beyond that sellers should appear near 145-07
Support should appear near 143-21 and 143-07.
JUNE 10 YR NOTE
Resistance should appear near 131-21, beyond that 132-07 should cap a rally.
Support should appear near 131-07 below support should appear near 130-21.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 8194 to 8223, a close over augurs for a test of the 8300 to 8314 region.
Support should appear near 8134 to 9119 and should hold for now. .
MARCH JAPANESE YEN
Resistance should appear near 10890 then 10925 and the 10960 to 11010 region.
Support should appear near 10820, a close under augurs for a test of the 10680 to 10580 region.
MARCH EURO CURRENCY
Support should appear near 13040 then 12967 and 12890.
Resistance should appear near 13100 then 13155 and 13220.
MARCH SWISS FRANC
Resistance should appear near 10750 and 10820.
Support should appear near the 10680 to 10580 region.
MARCH BRITISH POUND
Support should appear near 14960 to 14840 and the 14590 to 14530 region.
Resistance should appear near 15290 to 15350.
BW Traders can sell at 15270 and hold for lower prices.
MARCH CANADIAN DOLLAR
Resistance should appear near the 9821 to 9837.
Support should appear near 9737 to 9706, below that a test of 9641 to 9625 is likely.
MARCH AUSSIE DOLLAR
Resistance should appear near 10227 and the 10320 to 10360 region.
BW Traders can sell at 10317 and risk a close over 10367 for three days in a row.
Support should appear near 10185 and the 10136 to 10104 region.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1615, a close over is friendly and augurs for a test of 1628.5
Support is near 1609.00 and 1592.50
MAY COPPER
Resistance should appear near 36130 to 36230 and the 36630 to 36820 region.
Support should appear near 35630 to 35530 and the 35030 to 34930 region.
MAY SILVER
Resistance should appear near the 2972 to 2990 region.
Support is at 2883 to 2874.
THE EXCITING ENERGIES
APRIL CRUDE OIL
Support should appear near 9156 to 9140 and the 9060 to 9044 region.
Resistance should appear near 9426 to 9445 and the 9526 to 9542 region.
APRIL HEATING OIL
Support should appear near 29900 to 29720 and 29370 to 29280
Resistance should appear near 30360 to 30450 and 30920 to 31020
APRIL UNLEADED GAS
Support should appear near 31940 region. Below that buyers should appear near 31570 to 31450.
BW Traders can buy at 31600 for a bounce and risk a close under 31425 for three days in a row.
Resistance should appear 32610 to 32700 and 33190 to 33280
APRIL NATURAL GAS
Resistance should appear at 3493 to 3503 region… Beyond that sellers should appear near 35530 to 35630 and cap a rally.
Support should appear near 3328 to 3319
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1421 to 1415 and the 1383 to 1374 region.
BW Traders can buy at 1387 for a bounce and risk a close under 1373 for three days in a row.
Resistance should appear near 1453 to 1459, a close over is friendly and augurs for a test of the 1484 to 1496 region.
MAY SOYOIL
Resistance should appear near 4973 to 4995 and 5056 to 5067.
Support should appear near the 4926 to 4915 region. BW Traders can buy at 4930 and risk a close under 4907 for three days in a row. Below that buyers should appear near 4856 to 4845
MAY SOYMEAL
Resistance should appear near 430.4 to 431.6 and 437.0 to 438.1
Support should appear near 418.3 to 416.3 and 412.0 to 411.0 region. .
MAY CORN
Support should appear 683 ¾ to 680 ¾ and the 675 ½ to 674 ¾ region…
Resistance should appear near 699 to 700 ¼ and 707 ½ to 708 ¾.
MAY WHEAT
Resistance should appear near 714 ¾ to 717 and 732 ¾ to 734 ¼
Support should appear near 700 ¾ to 699 should contain a decline…
Trade Accordingly and Stay Tuned for Grain Flashes
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 12892 then 12817 and the 12740 to 12680 region.
Resistance should appear 13040 to 13100.
JUNE CATTLE
Support should appear near the 12380 to 12320 region.
Resistance should appear near 12530 and the 12680 to 12740.
APRIL HOGS
Support should appear near 8137 to 8117 and 8047 to 8027
Resistance should appear near 8197 to 8222 and the 8300 to 8317 region
JUNE HOGS
Support should appear near 9062 to 9042 and 8967 to 8932
Resistance should appear near 9137 to 9157 and the 9317 to 9347 region.
Stay Tuned for Flashes and updates in Livestock.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 14210 to 14150 and 13830 to 13770.
Resistance should appear near 14530 to 14590 and the 14840 to 14960 region, which should cap a rally.
MAY COCOA
Resistance should appear near 2170 to 2185.
Support should appear near 2089 to 2080 which should contain a decline.
Trade Accordingly
MAY SUGAR
Resistance is near 1858 to 1865.
Support should appear near 1780 to 1774
MAY COTTON
Support should appear near 8134 to 8119 and the 8044 to 8029 region.
Resistance is near 8300 to 8317 a close over is friendly and augurs for a test of 8391 to 8406
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
Tuesday February 26, 2013
4:15 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 Wednesday February 27, 2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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