FuturesCom Bi-Weekly Invesment Outlook January 02, 2012
Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs.
“A Trader should not swear eternal allegiance to either a bull or bear side.
His concern lies with being right”
Sunday January 1, 2012
4:00 AM South Florida Beach Time
Equity and Index traders should be prepared to play both sides of what may continue to be a range bound choppy stock market. The Dollar had a year over year increase and generally tends to rise sharply into Mid February with a spring high sometime in Mid May to June, buy dips and be long. Sell Rallies in Euro over the near term.
Crude is typically sloppy to weak after the turn of the New Year and makes a low in mid February. However near term, traders should look to sell Crude only for a trade, traders should prefer to buy the weakness as we move into February. Gold is sloppy to say the least, look at Metals as a trading affair and stay tuned for flashes .Volatility should be high and offer trading chances in Copper, Silver and Gold.
Soybeans typically make a low into mid February. Until then favor shorting the Soybeans on strength for trading and weakness for a trade. Wheat usually makes highs around now Sell Rallies… Seasonally Corn can sustain a rally however treat it as a trading affair.
Livestock remains pricey.February and April Hogs will be hard pressed to sustain current levels. Selling rallies early in January should yield lower prices than current levels. Summer month Hogs begin to act firm from mid to late January until March, We would only buy June and July on weakness. Live Cattle’s rally appears to be waning consider cattle a trading affair.
Coffee remains historically pricey; traders should remain averse to buying strength in Coffee. Preferring to sell rallies looking for lower prices, but keep things close to the chest. Coffee is a trading affair now , if it comes down to lower levels look for a bounce as Coffee typically has a firm January and February and usually does not peak until we see the Ides of March Cocoa tends to slip a bit as January progresses, Cocoa is a sale on a rally for a trade. Meanwhile Sugar typically dips during January and selling levels just above current prices should yield lower prices later Stay tuned for Updates and Flashes for all markets …
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support should appear near 12,030.00 to 11,920.00 and the 11,690.00 to 11,640.00 region
Resistance should appear near 12,320.00 to 12,380.00 and 12,530.00.
March E-Mini sp500
Resistance should appear near the 1268.00 to 1274.00 region. Traders can sell at 1267 and risk a close over 1277 for three days in a row.
Support should appear near 1238.00 to 1232.00 a close under is negative and augurs for a test of
1203.00 to 1192.00 .. Traders can buy at 1203.25 and risk initially a close under 1189 for three days in a row.
Nasdaq Composite
Resistance should appear near 2612.00 to 2620 and the 2663.00 to 2672.00 region
Support should appear near 2568.00 to 2552.00 and the 2519.00 to 2511.00 region
March E-Mini Nasdaq 100
Resistance should appear near the 2315.00 to 2322.00 region, which should cap a rally. Beyond that sellers should appear near the 2354.00 to 2370.00 region.
Support should appear near 2226.00 to 2219.00 and the 2185.00 to 2170 region.
March E-Mini Ruussell 2000
Resistance should appear near the 741.40 to 742.80 region. Beyond that sellers should appear near 758.70 to 760.10 and cap a rally.
Support should appear near 708.80 to 707.40 and the 700.30 to 699.00 region. Below that a test of 691.90 to 690.60 is likely.
MARCH 30 YR BOND
Resistance should appear near 145-21 and 146-07. Beyond that sellers should appear near 147-07
Support should appear near 143-21. Below that buyers should appear near 142-07
MARCH 10 yr Note
Resistance should appear near 132-07 then 132-21 and 133-21 which should cap a rally.
Support should appear near 130-07. Below that buyers should appear near 129-21 and 129-07 which should contain a decline.
The Frenzied Forex Front
March DOLLAR INDEX
Resistance should appear near 8119 to 8134, a close over is friendly and augurs for an eventual test of 8194 to 8223, beyond that sellers should appear near 8300 to 8314.
Support should appear near 8044 to 8029. Traders can buy at 8045 and hold for higher prices
below that buyers should appear near 7954 to 7939 and contain a decline
Traders should go long a close over 8082 occurs.
March JAPANESE Yen
Resistance should appear near 13040 to 13100.
Support should appear near 12740 to 12680
March EURO Currency
Support should appear near 12890 and the 12740 to 12680 region
Resistance should appear near 13040 to 13100. Traders can sell at 13037 and hold for lower prices. Beyond that sellers should appear near 13215 and the 13340 to 13460 which should cap a rally.
Traders should go short if a close under 12888 occurs.
Stay tuned for Flashes
March SWISS FRANC
Resistance should appear near 10805 and the 10960 to 11010 region, which should cap rallies.
Support should appear near 10580, below that a test of 10360 to 10320 is likely
Traders should go short if a close under 10577 occurs.
MARCH BRITISH POUND
Support should appear near the 15350 to 15290 region
Resistance should appear near 15690 to 15760. Beyond that sellers should appear near 15917
MARCH Canadian Dollar
Resistance should appear near 9921 to 9937 and the 10021 to 10037 region.
Support should appear near 9737 to 9706 and the 9641 to 9625 region.
MARCH AUSSIE DOLLAR
Resistance should appear near 10320 to 10360
Traders can sell at 10317 for a turn lower and risk a close over 10367 for three days in a row.
Support should appear near 10136 to 10104 and the 10037 to 10021 region.. Traders can buy at 10021 and risk 50 points. Stay tuned for Forex Flashes
The Precious Metals
Feb gold
Resistance should appear near 1576 to 1589 and the 1609 to 1615 region.
Beyond that sellers should appear near the 1642 to 1655 region and cap a rally.
Support is near 1535 to 1529 and the 1496 to 1484 region.
MARCH COPPER
Resistance should appear near 34250 to 34430 and the 34930 to 35030 region,
which should cap a rally.
Support should appear near 32130 to 31940 and the 30450 to 30360 region.
MARCH Silver
Resistance should appear near 2928 to 2927 and the 3034 to 3045 region
Support is at 2775 to 2758 and the 2620 to 2612 region. Stay tuned for Flashes in Precious Metals
The Exciting Energies
FEB CRUDE Oil
Resistance should appear near 9921 to 9937 and the 1021 to 10037 region
Support should appear near 9737 to 9706 below that 9347 to 9316 region should hold
February Heating Oil
Supportshould appear near 28830 to 28740 and the 28290 to 28200 region which should hold.
Traders can buy at 28300 and hold for higher prices.
Resistance should appear near 29280 to 29370 and the 29720 to 29900 region
February UNLEADED Gas
Supportshould appear at 26200 to 26120 and 25680 to 25520 region
Resistance should appear near 26630 to 26720 and the 27160 to 27240 region
Febrary NATURAL Gas
Support should appear at 2883 to 2874 and the 2829 to 2820 region
Resistance should appear near 3036 to 3045 and 3092 to 3102 region .
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1203 to 1192 a close under is negative and augurs for a test of
1169 to 1164 Below that 1136 to 1130 should hold.
Resistance should appear near 1217 ½ , a close over is friendly and augurs for a test of the 1232 to 1238 region. Traders can sell at 1231 and hold for lower prices. Beyond that sellers should appear near the 1268 to 1274 region.
Traders should go short if a close under 1191 occurs.
MARCH SOYMEAL
Resistance should appear near the 314.8 to 315.7 Beyond that sellers should appear near 319.4 to 321.3 and the 326.1 to 327 region, which should cap a rally.
Support should appear near the 310.2 to 309.2, a close under is negative and augurs for a test of
299.0 to 297.2 and eventually the 288.3 to 287.4 region.. Trade accordingly
Traders should go short if a close under 309.1 occurs.
MARCH BEAN OIL
Resistance should appear near 5259 to 5282 and the 5344 to 5356 region
Support should appear near 5139 to 5127 and the 5067 to 5056 region. Below that buyers should appear near 4856 to 4845. Aggressive traders can sell if a close under 5199 occurs
MARCH CORN
Resistance should appear near 665 ¾ to 667 and the 674 ¼ to 675 ½ region
Support should appear near 635 to 633 ¾ and the 619 to 616 ½ region.
MARCH WHEAT
Resistance should appear near 665 ¾ to 667 and the 680 ¾ to 683 ¾ region
Support should appear near the 635 to 633 ¾ and the 619 to 616 ½ region.
Stay tuned for Grain Flashes.
THE LIVELY LIVESTOCK
FEB CATTLE
Support should appear near 12030 to 11920 and 11690 to 11640.
Resistance should appear near 12155 and the 123220 to 12380 region, which should cap a rally.
FEB HOGS
Support should appear near 8227 to 8192 and the 8137 to 8117 region. Below that buyers should appear near 8047 to 8027.
Resistance should appear near the 8482 to 8502 region. Beyond that sellers should appear near 8557 to 8592 and the 8667 to 8682 region and cap a rally. Stay tuned for Flashes.
The Satisfying Softs
MARCH COFFEE
Support should appear near 22260 to 22190, a close under is negative and augurs for a test of 20420 to 20340 region… Below that a test of 19530 to 19460 is likely. Traders can buy at 19570 for a bounce.
Resistance should appear near 22750, an extended trade above is friendly for a test of 23150 to 23220. Beyond that sellers should appear near 23540 to 23700.Traders can sell at 23500 and hold for lower prices. Trade Accordingly and stay tuned for flashes
MARCH COCOA
Resistance should appear near 2126 to 2134 and the 2170 to 2185 region
Support should appear near 2080 to 2089 , a close under is negative for a test of 2042 to 2034 and the 1996 to 1982 region. Below that a test of 1953 to 1946 and the 1865 to 1858 region is likely.
MARCH SUGAR
Support is at the 2275 to 2267 and the 2226 to 2219 region. Below that a trade towards 2185 to 2170 is likely to occur and should contain a decline.
Resistance should appear near 2354 to 2370 and the 2411 to 2419 beyond that sellers should appear near 2461 to 2469 and cap a rally.
MARCH COTTON
Resistance should appear near 9316 to 9347 and the 9706 to 9737 region
Support should appear 9060 to 9044 , a close under is negative and augurs for a test of 8871 to 8856
Trade Accordingly and stay tuned for Flashes
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Sunday January 1, 2012
1:00 PM South Florida Beach Time
Traders should stay tuned for flashes and updates for all markets
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