FuturesCom Bi-Weekly Investment Outlook # 406 Sunday October 07 2012 SP500 and Equity Indices • Bonds • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. Free Two Week Trial see https://futurescom.com/free-trial-2 .
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.”-Aristotle-
Saturday October 06, 2012
11:00 PM South Florida Beach Time
Stay tuned for Flashes and Updates in all Markets.
Equities; The ‘end of quarter and end of month window dressing’ was weak. The First week of the new quarter and new month is now behind the market and Traders should be nimble. The NASDAQ appears to have run into a wall, Look for a dip into mid-month.
Forex markets; seasonally the dollar tends to make a low in Early October. Dollar Yen normally makes its lows into the October November period and exhibits strength into spring. Buy Dollar Yen and Look to Sell Yen futures. Buying Canadian Dollar against Yen should also work. However we see Canuck Upside against the dollar abating into late October and November. Cable Strength from late September and Early October appear to be abating and we should see lower prices in November. Prepare to sell and Hold. Aussie Dollar remains under pressure, sell rallies.
Stay tuned for flashes in All Forex Markets.
Precious Metals; Copper tends to dip into October and November, Sell rallies. Gold appears overdone a bit to the upside, look for two way trading. Silver acted sloppy on Friday, Silver bulls should wait for lower prices nimble traders can sell a rally, but use tight stops.
Energy markets; While Unleaded Gas and Heating Oil are firm, Crude is acting sloppy. Crude Oil’s decline appears overdone and crude can move into mid -October with some strength, remain long. Trade from the long side over the near term and look for increased Geo-Political risk to support Crude.
Buy a dip in Unleaded Gas and Heating Oil.
Agricultural Markets; Cattle should show some ability to hold up on declines and “should’ is a big if as
Cattle appears heading toward a test of the summer lows, consumer resistance to higher prices is and will remain an impediment to higher prices… We remain negative to hogs and look for trading opportunities as the strength erodes, stay tuned for livestock updates and flashes. Grain markets have corrected, harvest is over as the first frosts and first hard freezes are coming, attention will now turn to South American crops and world supply and demand. Wheat is expensive compared to the rest of the world, Wheat typically tops during November or December. Stay tuned for flashes.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,460.00 to 13,340.00.
Resistance remains appear near the 13,770.00 to 13,830.00 region.
DECEMBER E-MINI SP500
Resistance should appear near 1459.00 then 1471.50 and the 1484.00 to 1496.00 region
Support should appear near 1437.00 and the 1421.00 to 1415.00 region.
NASDAQ COMPOSITE
Resistance should appear near 3148.00 to 3157.00 and the 3194.00 to 3213.00 region.
Support should appear near 3102 to 3092, below that a test of 3045 to 3036.00 is likely to occur. .
DECEMBER E-MINI NASDAQ 100
Support should appear near the 2775.00 to 2758.00 and the 2724.00 to 2716.00 region.
Resistance should appear near 2820 to 2829.00 and the 2874.00 to 2883.00 region.
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 839.10 to 840.60 and the 848.40 to 849.90 region .Beyond that 856.00 to 858.90 should cap a rally.
Support should appear near 831.40 to 830.00.Below that a test of 822.30 to 819.40 is likely.
DECEMBER 30 YR BOND
Resistance should appear near 147-21 and 148-07, beyond that a test of 148-21 is likely which should cap a rally.
Support should appear near 146-07 and 145-21, below that a test of 144-21 is likely and should hold. .
DECEMBER 10 YR NOTE
Resistance should appear near 133-07 and the 133-21 to 134-07 region.
Support should appear near 132-07 and 131-21. Below that a test of 131-07 is likely
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 7957, a close over is friendly and augurs for a test of 8029 to 8044
Support should appear near 7939 and 7864 to 7836
Traders should go long if a close over 7991 occurs.
DECEMBER JAPANESE YEN
Resistance should appear near 12890 and the 13040 to 13100 region.
Traders can sell at 12890 and hold for lower prices. .
Support should appear near 12680 and 12617… Traders should go short if a close under 12679 occurs. Stay tuned for flashes
DECEMBER EURO CURRENCY
Support should appear near 12890 and the 12740 to 12680 region.
Traders can buy at 12897 and risk 50 points
Resistance should appear near 13040 to 13100 then 13220 and the 13340 to 13460 region…
Traders can sell at 13337 and hold for lower prices.
DECEMBER SWISS FRANC
Resistance should appear near 10820. Beyond that sellers should appear near 10960 to 11010. Traders can sell at 10957 and hold for lower prices.
Support should appear near 10680 to 10630 and 10580, a close under is negative and augurs for a test of 10470 and eventually the 10360 to 10320 region.
DECEMBER BRITISH POUND
Support should appear near 16090 a close under is negative and augurs for a test of 15922 and eventually 15760 to 15690.
Resistance should appear near 16420 to 16550 and should cap rallies. Traders can sell at 16417 for a turn lower and risk a close over 16557 for three days in a row.
DECEMBER CANADIAN DOLLAR
Resistance should appear near 10320 to 10360 region. Traders can sell at 10317 for a trade and risk a close over 10367.
Support should appear near 10185 and 10138 to 10104.
DECEMBER AUSSIE DOLLAR
Resistance should appear near 10136 and 10237.Beyond that sellers should appear near 10320 to 10360 and cap a rally
Support should appear near 10037 to 10021 , below that a test of 9937 to 9921 is likely.
Traders should go short if a close under 10103 occurs and stay tuned for flashes
Stay tuned for Forex Flashes ….
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near the 1808.00 to 1822.00 and the 1858.0 to 1865.0 region.
Support is near 1780 to 1774.00 and the 1738 to 1731region. Below that a test of 1696.0 to 1689.0 is likely. Pick Your Poison…
DECEMBER COPPER
Resistance should appear near 37950 to 38060 and 38580 to 38650.
Traders can sell at 38550 and hold for lower prices.
Support should appear near 37430 to 37340 and the 36820 to 36630 region
DECEMBER SILVER
Resistance should appear near 3553 to 3563 and 3613 to 3623… Beyond that sellers should appear near the 3663 to 3682 region and cap a rally.
Support is at 3443 to 3425, a close under is negative and augurs for a test of 3386 to 3377, below that a test of 3328 to 3391 is likely.
THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Resistance should appear near 9044 to 9060, close over is friendly and augurs for a test of 9140 to 9156 and eventually the 9316 to 9347 region.
Support should appear near 8964 to 8934 and the 8777 to 8762 region. Below that buyers should appear near 8683 to 8668 Trade Accordingly.
NOVEMBER HEATING OIL
Support should appear near 31570 to 31480 then 31020 to 30920 and the 30450 to 30360 region.
Resistance should appear near 31940 to 32130, beyond that a test of 3610 to 32700 and the 33190 to 33280 region is likely.
NOVEMBER UNLEADED GAS
Resistance should appear near 29720 to 29900 and the 30360 to 30450 region. Beyond that sellers should appear near 31480 to 31570.
Support should appear near 29370 to 29280 and the 28830 to 28740 region. Below that buyers should appear near 28290 to 28200 and contain a decline.
NOVEMBER NATURAL GAS
Resistance should appear at 3425 to 3443 and the 3553 to 3563 region. A close over is friendly and augurs for a test of 3613 to 3623.
Support should appear near 3270 to 3261 and the 3157 to 3148 region. Below that buyers should appear near 3102 to 3092 and contain a decline.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 1535 to 1529 and the 1496 to 1489 region. Traders can buy at 1497 for a bounce and risk 15 cents
Resistance should appear near 1569 to 1576 and the 1609 to 1615 region
DECEMBER SOYMEAL
Resistance should appear near 477.5 to 478.5 and the 484.5 to 485.6 region . Beyond that sellers should appear near the 491.5 to 492.6 region.
Support should appear near 469.5 and the 465.0 to 463.9 region. Below that a test of 444.6 to 442.5 is likely.
DECEMBER BEAN OIL
Resistance should appear near 5200 to 5211 and the 5259 to 5282 region. Beyond that sellers should appear near 5344 to 5356.
Support should appear near 5067 to 5056, a close under is negative and augurs for a test of 4995 to 4973 and eventually the 4926 to 4915 region.
DECEMBER CORN
Support should appear near 742 ¾ to 741 ¾ and 734 ¼ to 742 ¾. Below that buyers should appear near 717 to 714 ¾
Resistance should appear near 758 ¾ to 760 ¼ and 767 ½ to 768 ¾… Beyond that sellers should appear near 776 ¾ to 777 ¾ and cap a rally.
DECEMBER WHEAT
Resistance should appear near 866 ¾ to 868 ½ and 904 ½ to 906, a close over is friendly and augurs for a test of 931 ¾ to 934 ¾.
Support should appear near 849 ¾ to 848 ½… Below that buyers should appear near 831 ½ to 830 and the 804 ½ to 804 region.
THE LIVELY LIVESTOCK
DECEMBER CATTLE
Support should appear near 12380 to 12320 and the 12030 to 11920 region.
Resistance should appear near 12680 to 12740 and 12890.
FEBRUARY CATTLE
Support should appear near 12890 and 2742 to 12677 region
Resistance should appear near 13040 to 13100 and the13340 to 13460 region
DECEMBER HOGS
Support should appear near 7602 to 7587 and the 7517 to 7487 region, a close under is negative and augurs for a test of 7342 to 7327.
Resistance should appear near 7672 to 7687 and the 7762 to 7777 region
FEBRUARY HOGS
Support should appear near 8047 to 8027 and the 7957 to 7937 region.
Resistance should appear near 8300 to 8317 and the 8392 to 8407 region.
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
DECEMBER COFFEE
Support should appear near 16550 to 16420 and the 16150 to 16090 region… Traders can buy at 16175 and hold for higher prices.
Resistance should appear near 16890 to 16960 and the 17310 to 17380 region. Beyond that sellers should appear near 17740 to 17800 and the 18080 to 18220 region.
Stay tuned for Flashes and Trade accordingly
DECEMBER COCOA
Resistance should appear near 2411 to 2419 and the 2461 to 2469 region. Beyond that resistance should appear near 2511 to 2519 …
Support should appear near 2370 to 2354 and the 2322 to 2315 region. Below that a test of 2275 to 2268 is likely… Trade Accordingly.
MARCH SUGAR
Support is at 2089 to 2080 and the 1996 to1982region… Below that a test of 1865 to 1858 is likely. Under that buyers should appear near 1822 to 1808, Traders can buy at 1823 and risk 30 points.
Resistance should appear near 2170 to 2185 and the 2275 to 2267 region
DECEMBER COTTON
Support should appear near 7003 to 6990 and the 6836 to 6809 region.
Resistance is near 7328 to 7342 and the 7414 to 7428 region. Traders can sell at 7327 and hold for lower prices. Beyond that resistance should appear near 7587 to 7601 and cap a rally.
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
Sunday October 07, 2012
12:00 Noon 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 Bi-Weekly Investment Outlook # 406 Sunday October 07, 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 © 1996 – 2012 All Rights Reserved.