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FuturesCom
Bi-Weekly Investment Outlook # 382
Sunday November  06, 2011 

Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs

 

     

 

 

 

 

 

 

 

 

 

 

 

 

 

          

The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.

-- Winston Churchill --
        
Sunday November 6, 2011

5:00 AM South Florida Beach Time 

Traders should stay tuned for flashes and updates for all markets
                          The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 11,920.00 then 11,690.00 to 11,640.00 and 11,530.00..
Which should hold
Resistance should appear near 12,030.00 and the 12,320.00 to 12,380.00 region

DEc E-Mini sp500
 Resistance should appear near 1268.00 to 1274.00 and the 1304.00 to 1310.00 region
Support should appear near 1238.00 to 1232.00 and the 1203.00 to 1192.00 region
Traders can buy at 1217.75 and hold for higher prices.


 

NAsdaq Composite
Resistance should appear near the 2716.00 to 2724.00 region Beyond that sellers should appear near
2758.00 to 2775.00
Support should appear near 2620 to 2612.00 and 2568.00 to 2552.00

DEc E-Mini NasdaQ 100
 Resistance should appear near 2354.00 to 2370.00. Beyond that sellers should appear near 2411.00 to 2419.00 and cap a rally.       
Support should appear near 2275.00 to 2267.00.. Below that buyers should appear near 2226.00 to 2219.00. Traders can buy at 2275.00 and risk a close under 2217.00 for three days in a row.

Dec E-Mini RUSSELL 2000
 Resistance should appear near 759.70 to 760.10 and  732.80 to 734.20 and cap a rally.
Support should appear near 742.80 to 741.40 and 734.20 to 732.80. A close under is negative and augurs for a test of 717.00 to 714.30


DEC 30 YR BOND
Resistance should appear near 142-07 and 142-21. Beyond that sellers should appear near 143-21
and 144-07 and cap a rally.
Support should appear near 140-07 and 139-21. Below that buyers should appear near 138-21 and 137-21 which should contain a decline

DEC 10 yr Note
 Resistance should appear near 130-21 and 131-07. Beyond that sellers should appear near
131-21 and 132-07
Support should appear near 129-21 and 128-21. Below that a test of 127-07 is likely.  

 

 

                            The Frenzied Forex Front
 dec dOLLAR iNDEX
 Resistance should appear near 7763 to 7777, a close over is friendly and augurs for a test of
7836 to 7864.        
Support should appear near 7689 to 7675 and 7601 to 7589.      
Traders should go long if a close over 7779 occurs.
 
dec JAPANESE Yen
 Resistance should appear near 13040 to 13100 and 13340 to 13460. Traders can sell at 13035 and hold for lower prices.   
Support should appear near 12740 to 12680 and the 12380 to 123209 region                   

dec EURO currency
 Support should appear near 13770, a close under is negative and augurs for a test of
13615 and eventually the 13460 to 13340 region. 
Resistance should appear near 13830 and 13917. Beyond that sellers should appear near 14150 to 14210. Traders can sell at 14145 and hold for lower prices.  

 dec SWISS FRANC
 Resistance should appear near 11300 to 11360 and 11530      
Support should appear near 11010 to 10960     

DEC BRITISH POUND
Support should appear near 15760 to 15690
Resistance should appear near 16090 to 16150. Traders can sell at 16087 and risk a close over 16167 for three days in row.


 

 

 

 

 

DEC CanadIAN Dollar
 Resistance should appear near 9921 to 9937 and the 10021 to 10037 region
Support should appear near 9821 and the 9737 to 9706 region.

DEC AUSSIE DOLLAR
 Resistance should appear near 10360 and 10580 to 10680
Support should appear near 10136 to 10104 and 10037 to 10021

                              The Precious Metals
 december gold
 Resistance should appear near 1777.0 to 1780 and the 1808.0 to 1822.0 region.      
Support is near 1738.0 to 1731.0 and 1696.0 to 1689.0  

DEC COPPER
 Resistance should appear near 36130 to 36230 and the 36630 to 36830 region   
Support should appear near 34430 to 34250 and the 33860 to 33770 region
    
DEC Silver 
 Resistance should appear near 3493 to 3503 and
Support is at 3328 to 3319 and 3213 to 3194
Traders can buy the SLV ETF at 3160 and hold for higher prices


 

 

 

 

 

                                      The Exciting Energies  
December CRUDE Oil
Resistance should appear near 9429 to 9445 and the 9526 to 9542 region. Beyond that sellers should appear near 9706 to 9737... Aggressive traders can sell at 9705 and hold for lower prices...
Support should appear near 9347 to 9316 and 9156 to 9140. Below that 9060 to 9044 should contain a decline .Aggressive traders can buy at 9065 for a bounce. Below that support should appear near   8964 to 8934    Trade Accordingly and stay tuned for flashes

DECEMBER HeaTING Oil
 Support should appear near 29900 to 29720 and the 28830 to 28740 region
Traders can buy at 28850 for a bounce and hold for higher prices
Resistance should appear near 30920 to 310210 and the 31480 to 31570 region          

DECEMBER UNLEADED Gas
 Support should appear at 25680 to 25520 and the 24690 to 24610 region    
Resistance should appear near 27580 to 27750 and the 28200 to 28290 region.   

DECEMBER  NATURAL Gas
Support should appear at 3743 to 3734 and  3623 to 3613 region       
Resistance should appear near 3858 to 3867 and 3909 to 3929 region. Which should cap a rally                                                                   

                                THE GRANDE’ GRAINS
 JANAUARY SOYBEANS
Support should appear near 1203 to 1192 , below that buyers should appear near 1169 to 1164
Resistance should appear near 1232 to 1238 and 1268 to 1274.. Traders can sell at 1231 and hold for lower prices... Initially Risk a close over 1255 for three days in a row

DECEMBER SOYMEAL
Resistance should appear near 319.4 to 321.3 and 326.1 to 327.0            
Support should appear near 314.8 and the 310.2 to 309.2 region

DECEMBER BEAN OIL
Resistance should appear near 5200 to 5211and the 5259 to 5282 region       
Support should appear near 5067 to 5056 and the 4995 to 4973 region

DEC CORN
Resistance should appear near 665 ¾ to 667 ¼ and the 674 ¾ to 675 ½ region        
Support should appear 635 to 633 ¾ and 627 to 625 ¾. Below that buyers should appear near 619 to 616 ½ and 603 ½ to 602 ¾.  Traders can buy at 619 and hold for higher prices 
 
DECEMBER WHEAT
Resistance should appear near 641 ¾ to 643 and the 665 ¾ to 667 ¼ region.     
Support should appear 619 to 616 ½ and the 603 ½ to 602 ¼ region
   

                                        THE LIVELY LIVESTOCK
 DEC CATTLE
Support should appear near 12380 to 12320 and 12030 to 11920 
Resistance should appear near 12530 and the 12680 to 12740 region

DEC HOGS
Resistance should appear near 8762 to 8777 and the 8852 to 8872 region  
Support should appear near 8592 to 8577 and the 8502 to 8482 region . 

FEB HOGS
Support should appear near 9042 to 9062 and the 9157 to 9137 region
Resistance should appear near 8967 to 8932 and the 8872 to 8857 region      
                                

 

 

                                  The Satisfying Softs
MARCH COFFEE
Support should appear near 23220 to 23150 and the 22750 to 22610 region
Resistance should appear near 23540 to 23700 and 24110 to 24190 region...  Traders can sell at 24100 and hold for lower prices.  , Traders should go short if a close under 231.00 occurs.
Stay tuned for flashes
 
MARCH COCOA
Resistance should appear near 2820 to 2829 and the 2928 to 2937 region            
Support should appear near 2672 to 2663 and 2568 to 2552.     

 

MARCH SUGAR
Resistance is at 2612 to 2620 and 2716 to 2729 Beyond that sellers should appear near
2820 to 2829 and cap a rally      
Support should appear near 2519 to 2511 and the 2419 to 2411 region. 

MARCH COTTON
Resistance should appear near 9921 to 9937 then 10021 to 10037  and the 10320 to 10360 region  
Traders can sell at 10020 and hold for lower prices.
Support should appear 9737 to 9706 and 9445 to 9429 
  
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com
 Sunday November 07, 9:00 AM South Florida Beach Time

Traders should stay tuned for additional flashes and updates for all markets