FuturesCom Bi-Weekly Investment Outlook # 414 January 27 2013 SP500 and Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. Free Two Week Trial see https://futurescom.com/free-trial-2
Saturday January 26, 2013
11:00 PM South Florida Beach Time
The Japanese Yen closed the week on its lows. Conversely Dollar Yen closed near its highs. Traders should continue buy dips in Dollar Yen and continue selling Yen futures on Rallies. Aussie, Canuck and Cable all tested lower levels, traders should look for an oversold bounce. Euro, Swiss Francs pushed higher. Consider the Swiss and Euro a trading affair while the US dollar index continues to rest on support. The Bond Market acts lousy and it appear that the highs from last year will be highs for some time and considering that period may be years traders should be patient and wait for selling chances.
US. Stock Indices advanced again and Crude Oil continues to act better than we expected, buy crude and its products on weakness and be long. Gold and silver appear to be still trying to find a trading low while rallies continue to get sold. If gold rallies above the recent highs it should be considered constructive and further advances are likely. However prices are not cheap and it remains a trading affair. Any increase in industrial demand associated with an economic upturns will probably help move silver and copper towards higher prices. Buy a dip Copper for a trade, additionally Platinum acts better however it is thinly traded but higher prices seem likely. Typically, Soybeans perform nicely past mid February and this can last well into March and April. We want to Buy Soybeans on a good dip into February with longs firmly established by Valentines Day. However wide price ranges over the near term are likely to continue. Consider the soybeans as a trading affair. Wheat is also a trading affair however one should not rule out weather issues, buy a dip and see if it holds. While excessive rallies in wheat absent crop problems should be sold. Buy June Cattle on look for a rise into summer. Aggressive traders may want to consider Buying May Sugar to establish a long posture for an over sold bounce while exiting the March on a rally. Buy Cotton on a dip. Coffee remains sloppy and is thrashing around Stay tuned for reports, along with Flashes Updates in all markets.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,830.00 to 13,770.00. Below that 13,460.00 to 13,340.00 should hold.
Resistance should appear near the 14,150.00 to 14,210.00 region which should cap a rally.
MARCH E-MINI SP500
Resistance should appear the 1529.00 to 1535.00 region. Aggressive Traders who sleep on a bed of Nails can sell 1528.50 and risk 10 points
Support should appear near 1484.00 and 1471.50. Below that buyers should appear near 1459.00 to 1453.00 and decline. Traders can buy at 1459.75 for a bounce and risk and risk a close under 1451.00 for three days in a row.
NASDAQ COMPOSITE
Resistance should appear near 3157.00, a close over is friendly and augurs for a test of 3194.00 to 3213.00 where sellers should appear and cap a rally. Above that resistance should appear near 3261.00 to 3270.00.
Support should appear near 3102.00 to 3092.00 and the 3045.00 to 3036.00 region. Below that buyers should appear near 2990.00 to 2972.00 and contain a decline.
MARCH E-MINI NASDAQ 100
Support should appear near 2724.00 to 2716.00 and the 2672.00 to 2663.00 region.
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. Beyond that sellers should appear near 2820.00 to 2829.00
MARCH E-MINI RUSSELL 2000
Resistance should appear near the 904.40 to 906.00 region and cap a rally. A close over is friendly and augurs for a test of 914.0 to 915.80, beyond that a test of 931.60 to 934.70 is likely.
Support should appear near 887.10 to 885.60, below that buyers should appear near 877.70 to 876.20 and the 868.30 to 866.80 region. Traders can buy at 888.90 for a bounce and risk a close under
885.30 for three days in a row. Traders should go long if a close over 906.70 occurs.
MARCH 30 YR BOND
Resistance should appear near 145-07 and 145-21. Beyond that sellers should appear near
146-07 and should cap a rally. Traders can sell at 146-05 and risk a close over 146-23.
Support should appear near 143-21, below that buyers should appear near 142-21 and 141-07.
MARCH 10 YR NOTE
Resistance should appear near 132-07 and 132-21 beyond that 133-07 should cap a rally.
Support should appear near 131-07 and 130-21 below that 129-21 should hold.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 7991 and the 8029 to 8044 region.
Support should appear near 7954 to 7939 region. Below that buyers should appear near 7902 and the 7864 to 7834 region.
MARCH JAPANESE YEN
Resistance should appear near 11010 then 11155 and the 11300 to 11360 region. Traders can sell at 11287 and hold for lower prices, initially plan on risking a close over 11371 for three days in a row and stay tuned for flashes.
Support should appear near 10960 region, failure there is negative and augurs for a test of 10820 and the 10680 to 10580 region.
Aggressive Traders should go short if a close under 10953 occurs.
MARCH EURO CURRENCY
Support should appear near 13400 to 13340 and 13220.
Resistance should appear near 13537 then13615 and the13770 to 13830 region
MARCH SWISS FRANC
Resistance should appear near 10960 to 11010 and the 11300 to 11360 region.
Support should appear near 10750 and the 10680 to 10580 region.
MARCH BRITISH POUND
Support should appear near the 15760 to 15690 region. Below that a test of 15525 is likely
Resistance should appear near 15922 and the 16090 to 16160 region.
Traders can sell at 15917 and risk a close over 15937 for three days in a row.
MARCH CANADIAN DOLLAR
Resistance should appear near 9921 to 9937 and the 10021 to 10037 region which should cap a rally.
Traders can sell at 9977 and risk a close over 10043 for three days in a row.
Support should appear near 9837 to 9821 and the 9737 to 9706 region
MARCH AUSSIE DOLLAR
Resistance should appear near 10415 and 10470.
Support should appear near the 10360 to 10320 region.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1689 to 1696 and the 1731 to 1738 region. Beyond that sellers should appear near 1756.0 and the 1774.0 to 1780.0 region.
Support is near 1655 to 1642 and the 1615 to 1609 region. Below that buyers should appear near the 1576.0 to 1569.0 region.
Traders should go long if a close over 1697.7 occurs.
MARCH COPPER
Resistance should appear near 366.30 to 368.20 and the 37340 to 37450 region. Beyond that sellers should appear near 37950 to 38060.
Support should appear near 36230 to 36130 and the 35630 to 35530 region.
Traders can buy at 357.00 and risk a close under 355.10 for three days in a row.
MARCH SILVER
Resistance should appear near 3148 to 3157 region. Beyond that sellers should appear near 3261 to 3270.
Support is at 3102 to 3092 then 3045 to 3036 and the 2992 to 2972 region. Traders can buy at 2992 and risk a close under 2967 for three days in a row. Below that buyers should appear near the 2937 to 2928 region.
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 9625 to 9641 and the 9706 to 9737 region. Beyond that a test of 9921 to 9937 is likely.
Support should appear near 9445 to 9429 and 9347 to 9316. Traders can buy at 9457 and hold for higher prices.
MARCH HEATING OIL
Support should appear near 29900 to 29720 and the 29370 to 29280 region, which should bring in buyers and contain a decline. Traders can buy at 29970 and risk a close under 29690 for three days in a row.
Resistance should appear near the 30920 to 31020 region. Above that a trade towards 31480 to 31570 is likely.
MARCH UNLEADED GAS
Resistance should appear near the 29280 to 29370 region. Beyond that a test of 30360 to 30450 is likely.
Support should appear near 2883 to 28740 and the 28290 to 28200 region. Traders can buy at 28310 and hold for higher prices. Below that buyers should appear near 277509 to 27580.
Stay tuned for Flashes
MARCH NATURAL GAS
Resistance should appear at 3553 to 3563. Beyond that sellers should appear near the 3663 to 3682 region.
Support should appear near 3157 to 3148 and the 2990 to 2972 region.
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1421.0 to 1415.0 and the 1383.0 to 1377.0 region. Below that buyers should appear near 1346.0 to 1334.0. Traders can buy 1347 and hold for higher prices.
Resistance should appear near 1453 to 1459, Traders can sell at 1452 3/4 and risk a close over
1459 ¾ for three days in a row. Beyond that sellers should appear near 1484 to 1496
MARCH SOYOIL
Resistance should appear near 5259 to 5282. Beyond that sellers should appear near the 5344 to 5356 region and cap a rally.
Support should appear near 5067 to 5056 and the 4995 to 4973 region.
MARCH SOYMEAL
Resistance should appear near 418.3 Beyond that sellers should appear near 423.8 to 424.9 and the 430.40 to 431.50 region cap a rally.
Support should appear near 399.2 to 398.2 and the 380.6 to 379.5 region.
MARCH CORN
Support should appear 717 to 714 ¾ and the 683 33/4 to 680 ¾.region. Which should contain a
decline.
Resistance should appear near 732 ¾ to 734 ¼ and the 741 ½ to 742 ¾ region, which should cap a rally.
MARCH WHEAT
Resistance should appear near 776 ¼ to 777 ¾. Beyond that sellers should appear near 802 ¾ to 804 ½. And the 819 ½ to 822 ¼ region
Support should appear near 751 ¼ to 748 ¾ and the 742 ¾ to 741 ½ region. Traders can buy at 742 ¾ and risk a close under 731 ¾ for three days in a row.
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13040 and 12890, below that buyers should appear near
12740 to 12680
Resistance should appear near 13237 and 13340 to 13460
JUNE CATTLE
Support should appear near 12530 and the 12380 to 12320 region.
Traders can buy at 12387 and risk a close under 12290 for three days in a row
Resistance should appear near 12680 to 12740. A close over is friendly and augurs for a test of
of the 12890 and the 13040 to 13100 region.
Traders should go long if a close over 12747 occurs.
FEBRUARY HOGS
Resistance should appear near 8762 to 8777 and the 8857 to 8872 region.
Support should appear near 8667 and 8592 to 8567. 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 8937 to 8967 and the 9042 to 9062 region. Traders can sell at 9037 and risk a close over 9157 for three days in a row.
JUNE HOGS
Support should appear near the 9642 to 9622 and the 9542 to 9527 region. Below that buyers should appear near 9347 to 9317.
Resistance should appear near 9707 to 9737 and the 9822 to 9837 region. Above that sellers should appear near 9922 to 9937.
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 14590 to 14530 and 14210 to 14150.
Resistance should appear near 15290 to 15350 and the15690 to 15760 region.
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MARCH COCOA
Resistance should appear near 2219 to 2226 and 2267 to 2275.
Support should appear near 2134 to 2126 and the 2088 to 2080 region
MARCH SUGAR
Resistance is near 1858 to 1865 and the 1902 to 1909 region.
Support should appear near 1822 to 1807 and 1780 to 1774
MARCH COTTON
Support should appear near 8044 to 8029 and the 7954 to 7939 region. Traders can buy at 7955 and hold for higher prices.
Resistance is near 8119 to 8134 and the 8300 to 8314 region… Beyond that sellers should appear near 8668 to 8683 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 January 27, 2013
1:45 PM South Florida Beach Time
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FuturesCom Bi-Weekly Investment Outlook # 414 Sunday January 27, 2013 Equity Indices – Treasuries – Currency Trading – Forex – Precious Metals – Energy – Grains – Livestock – Softs Comments
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