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FuturesCom
Bi-Weekly Investment Outlook # 374 
  Sunday July 17, 2011 

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-

Saturday July 16, 2011
11:00 PM South Florida Beach Time
                         The Sensational Stock and Bond Markets

Dow Jones Industrial Average
 Support should appear near the 12,380.00 to 12,320.00 region. Below that buyers should appear near 12,175 and the 12,030.00 to 11,920.00 region.
Resistance should appear near 12,680.00 to 12,740.00 a close over is friendly and augurs for a test of 12,890.00.  
SEPT E-Mini sp500
 Resistance should appear near 1334.00 to 1346.00 and the 1377.00 to 1383.00 region.
BW Traders can sell at 1376.75 and risk a close over 1387 for three days in a row.   
Support should appear at near 1310.00 to 1304.00 below that buyers should appear near 1274.00 to 1268.00... Traders can buy at 1290.00 and risk a close under 1267 for three days in a row.


NAsdaq Composite
Resistance should appear near 2820.00 to 2829.00 and 2874.00 to 2883.00
Support should appear near 2775.00 to 2758.00 and the 2724.00 to 2716.00 region.

SEPT E-Mini NasdaQ 100
 Resistance should appear near 2370.00 and the 2411.00 to 2419.00 region. Beyond that sellers should appear near 2461.00 to 2469.00.  
Support should appear near 2322.00 to 2315.00 and the 2275.00 to 2267.00 region.

SEPT E-Mini RUSSELL 2000
 Resistance should appear near 848.40 to 849.90 and the 856.00 to 858.90 .Beyond that sellers should appear near 866.80 to 868.30.
Support should appear near 822.30 to 819.40 and the 804.40 to 802.90 region.  

SEPT 30 YR BOND
Resistance should appear near 126-21 and 127-07. Beyond that sellers should appear near 127-21 and 128-07
Support should appear near 125-21 and 125-07. Below that a test of 124-21 and 124-07 is likely.

SEPT 10 yr Note
 Resistance should appear near 125-21 and 126-07. Beyond that sellers should appear near 126-21
Support should appear near 124-07 and 123-21. Below that buyers should appear near 122-21 and 122-07... Which should hold.

                           

                            The Frenzied Forex Front
 SEPT dOLLAR iNDEX
 Resistance should appear near 7587 to 7601 and the 7675 to 7689 region.        
Support should appear near 7513 to 7486 and the 7428 to 7414 region.   
 
SEPT JAPANESE Yen
 Resistance should appear near the12680 to 12740 region. Beyond that sellers should appear near
13040 to 13100. Traders can sell at 13030 and risk a close over 13117 for three days in a row.  
Support should appear near 12380 to 12320 and the 12030 to 11920 region.                    

SEPT EURO currency
 Support should appear near 13990 and the 13830 to 13770 region. Traders can buy at 13837 and hold for higher prices... risk a close under 13767 for three days in a row. .  
Resistance should appear near 14150 to 14210.A close over is friendly and augurs for a test of 14390 and eventually the 14530 to 14590 region.  Which should cap a rally.

SEPT SWISS FRANC
 Resistance should appear near 12320 to 12380 region. Beyond that sellers should appear near 12530 and the 12680 to 12740 region. .  
Support should appear near 12030 to 11920 and the 11690 to 11640 region.    

SEPT BRITISH POUND
Support should appear near 16090 and 15927. Traders can buy at 15935 and hold for higher prices. Below that buyers should appear near the 15760 to 15690 region.  
Resistance should appear near 16150, a close over is friendly and augurs for a test of the 16420 to 16550 region.   Traders should go long if a close over 16157 occurs.

SEPT CanadIAN Dollar
 Resistance should appear near 10470 and the 10580 to 10680 region.  
Support should appear near 10360 to 10320 and 10237. Traders can buy at 10367 and hold for higher prices.   

SEPT AUSSIE DOLLAR
 Resistance should appear near 10580 to 10680 then 10820 and the 10960 to 11010 region
Support should appear near 10470. Below that a test of 10360 to 10320 is likely.
.
                               The Precious Metals
 AUGUST gold
 Resistance should appear near 1609 to 1615. Beyond that a test of 1642 to 1655 is likely.     
Support is near 1576 to 1569 and 1535 to 1529. Traders can buy at 1577 and risk a close under 1567 for three days in a row

SEPT COPPER
 Resistance should appear near 44250 to 44460 and the 45030 to 45140 region. Beyond that a test of 45710 to 45820 is likely. 
Support should appear near 4810 to 43700 and the 43150to 43040 region    

SEPT Silver 
 Resistance should appear near 3909 to 3929 and the 3982 to 3992 region Beyond that a test of 4046 to 4056 is likely. .  
Support is at 3867 to 3857 and the 3743 to 3734 region .Below that buyers should appear near 3623 to 3613                                            

                                 The Exciting Energies  
Sept CRUDE Oil
Resistance should appear near 9921 to 9937 and the 10021 to 10037 region. A close over is friendly and augurs for a test of 10104 to 10136
Support should appear near 9641 to 9625. Below that buyers should appear near 9542 to 9526.. Traders can buy at 9547 and hold for higher prices. Below that buyers should appear near 9347 to 9316 and the 9060 to 9044 region.

august HeaTING Oil
 Support should appear near 31020 to 30920 and the 30450 to 30360 region.
Resistance should appear near 31480 to 31570 and the 31940 to 32130 region          
august UNLEADED Gas
 Support should appear at 30450 to 30360 and the 29370 to 29280 region.  
Resistance should appear near 31480 to 31570, a close over is friendly and augurs for a test of 32610 to 32700 and the 33190 to 33280 region.

august NATURAL Gas
Support should appear at 4446 to 4425 and the 4315 to 4304 region.     
Resistance should appear near 4775 to 4785 and the 5056 to 5067 region                                                                 


                                THE GRANDE’ GRAINS
 NOVEMBER SOYBEANS
Support should appear 1383 to 1377 and the 1334 to 1346 region.
Traders can buy at 1347 and hold for higher prices.  
Resistance should appear near 1415 to 1421 and the 1453 to 1459 region

AUGUST SOYMEAL
Resistance should appear near 361.3 to 362 and the 366.3 to 368.2 region. Beyond that a test of 373.4 to 374.3 is likely.           
Support should appear near 344.4 to 342.5 and the 338.6 to 337.7 region.

AUGUST BEAN OIL
Resistance should appear near 5792 to 5805, a close over is friendly and augurs for a test of 5855 to 5880 and the 5945 to 5957 region          
Support should appear near 5729 to 5716 and the 5653 to 5640 region. Below that 5577 to 5553 should hold.  

DEC CORN
Resistance should appear near 707 ½ to 708 ¾ and the 724 ¼ to 725 ½ region. Beyond that a test of
732 ¾ to 734 ½ is likely.
Support should appear 667 ¼ to 665 ¾.Below that support should appear near 635 to 633 ¾
Traders can buy at 635 ¾ and hold for higher prices.

SEPT WHEAT
Resistance should appear near 707 ½ to 708 ¾ and the 724 ¼ to 725 ½ region. Beyond that a test of 732 ¾ to 734 ½ is likely.
Support should appear 667 ¼ to 665 ¾.  Traders can buy at 667 ¼ and hold for higher prices.
Below that support should appear near 635 to 633 ¾
                           

                                               THE LIVELY LIVESTOCK

AUGUST CATTLE
Support should appear near 11010 to 10960 and the 10680 to 10580 region.
Resistance should appear near 11300 to 11360, a close over is friendly and augurs for a test of the 11640 to 11690 region.   

OCTOBER CATTLE
Support should appear near 11640 and the 11360 to 11300 region.

Resistance should appear near 11690, a close over is friendly and augurs for a test of the 11920 to 12030 region.   Trade accordingly

OCTOBER HOGS

Resistance should appear near 9317 to 9347, a close over is friendly and augurs for a test of 9427 to 9447 and the 9522 to 9542 region.   
Support should appear near 9157 to 9137 and the 9062 to 9042 region.
Traders should go long if a close over 9242 occurs.

DECEMBER HOGS

Resistance should appear near the 8857 to 8872 region. Beyond that sellers should appear near 9042 to 9062 and the 9137 to 9162 region. .
Support should appear near 8682 to 8667 and the 8592 to 8562 region. Below that buyers should appear near 8407 to 8392
Stay tuned for livestock flashes and updates
                                  The Satisfying Softs
 SEPT COFFEE
Support should appear near 25190 to 25110, traders can buy at 25110 and hold for higher prices below that buyers should appear near 24690 to 24610 and the 24190 to 24110 region.   
Resistance should appear near 25520 to 25680 , a close over is friendly and augurs for a test of  26120 to 26200 and eventually the 26630 to 26720  region.
Traders should go long if a close over 25690 occurs.


SEPT COCOA
Resistance should appear near 3194 to 3213 and the 3261 to 3270 region.          
Support should appear near 3102 to 3092 and 3045 to 3036 region    

 

OCT SUGAR
Resistance is at 2928 to 2937 and the 3036 to 3045 region. Beyond that sellers should appear near
3148 to 3157 and the 3261 to 3270 region.
Support should appear near 2829 to 2820 and the 2724 to 2716,region.  

DEC COTTON
Resistance should appear near 10320 to 10360 and the 10580 to 10680  region.
Beyond that sellers should appear near 11620 to 11690
Support should appear 9347 to 9316 and the 9060 to 9044 region.
   
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com  

Sunday July 17, 2011 8:45 AM South Florida Beach Time

Traders should stay tuned for flashes and updates