FuturesCom Morning Comments Newsletter Friday January 20, 2012
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-
Friday January 20, 2012
4:00 AM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 12,530.00 and 12,360.00 to 12,320.00.
Resistance should appear near the 12,680.00 to 12,740.00 region.
MARCH E-MINI SP500
Resistance should appear near 1310.00 and 1322.00.
Support should appear near 1304 and 1289.00
NASDAQ COMPOSITE
Resistance should appear near the 2820.00 to 2829 region.
Support should appear near 2724.00 to 2716.00.
MARCH E-MINI NASDAQ 100
Resistance should appear near the 2461.00 to 2469.00 region.
Support should appear near 2370 to 2354.00.
MARCH E-MINIi RUSSELL 2000
Resistance should appear near the 783.60 to 786.40 region.
Support should appear near 768.90 to 759.70.
MARCH 30 YR BOND
Resistance should appear near 143-07 and 143-21
Support should appear near 142-07 and 141-21
MARCH 10 YR NOTE
Resistance should appear near 131-21 and 132-07.
Support should appear near 130-21. Below that buyers should appear near 129-21.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 8119 to 8134.
Support should appear near 8044 to 8029.
MARCH JAPANESE YEN
Resistance should appear near 13040 to 13100 and 13340 to 13460.
Support should appear near 12890 and 12740 to 12680.
BW Traders should go short if a close under 12888 occurs.
MARCH EURO CURRENCY
Support should appear near 12740 to 12680.
Resistance should appear near 12965 and 13040 to 13100.
MARCH SWISS FRANC
Resistance should appear near 10737 and 10815
Support should appear near 10680 to 10630 and 10580.
MARCH BRITISH POUND
Support should appear near 15350 to 15290.
Resistance should appear near 15525 and 15690 to 15760
MARCH CANADIAN DOLLAR
Resistance should appear near the 9921 to 9937 region.
Support should appear near 9737 to 9706.
MARCH AUSSIE DOLLAR
Resistance should appear near 10360 and 10470.
Support should appear near 10320 and 10237. Stay tuned for Forex Flashes.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near the 1689.0 to 1696.0 region.
Support is near 1642 and 1609 to 1615
MARCH COPPER
Resistance should appear near the 37950 to 38060 region.
Support should appear near 35630 to 35530.
MARCH SILVER
Resistance should appear near the 3148 to 3157 region.
Support is at 2990 to 2972. Stay tuned for Flashes in Precious Metals.
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 10021 to 10037 and 10320 to 10360.
Support should appear near 9937 to 9921 and 9737 to 9706
MARCH HEATING OIL
Support should appear near 29900 to 29720 and the 29370 to 29280 region.
Resistance should appear near 30920 to 31020 and the 31480 to 316570 region.
MARCH UNLEADED GAS
Support should appear at 27240 to 27160 and the 26730 to 26630 region BW Traders can buy at 26650 and hold for higher prices. Risk a close under 26100 for three days in a row.
Resistance should appear near 28740 to 28830 and cap a rally.
MARCH NATURAL GAS
Support should appear at 2370 to 2354 and 2322 to 2315.
Resistance should appear near 2612 to 2620 and 2663 to 2672.
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1169 to 1164 and 1136 to 1130.
Resistance should appear near the 1192 to 1203 region.
MARCH SOYMEAL
Resistance should appear near the 314.8 to 315.7 region and cap a rally.
Support should appear near 304.5 to 303.4 and 299.0 to 297.2.
MARCH BEAN OIL
Resistance should appear near 5127 to 5139… Beyond that sellers should appear near 5200 to 5211 and cap a rally.
Support should appear near 4995 to 4973, a close under is negative and augurs for a test of 4926 to 4915 and eventually 4856 to 4845. Aggressive BW traders can sell if a close under 4971 occurs.
MARCH CORN
Support should appear near the 580 ½ to 579 ¼ region.
Resistance should appear near 610 ¼ to 611 ¼.
MARCH WHEAT
Resistance should appear near 610 ¼ to 611 ¼ and the 616 ½ to 619 region.
Support should appear near 580 ½ to 579 ¼, a close under is negative and augurs for a test of
the 557 ¾ to 555 1/5 region. Stay tuned for Grain Flashes.
THE LIVELY LIVESTOCK
FEB CATTLE
Support should appear near 12530 and 12380 to 12320.
Resistance should appear near 12680 to 12740
APRIL CATTLE
Support should appear near 12890 and 12740 to 12680
Resistance should appear near the 13040 to 13100 region.
FEB HOGS
Support should appear near 8502 to 8482 and the 8407 to 8392 region.
Resistance should appear near the 8667 to 8682 region, a beyond that sellers should appear near 8762 to 8777 and cap a rally.
APRIL HOGS
Support should appear near 8682 to 8667 and 8592 to 8557.
Resistance should appear near the 8852 to 8872 region. Beyond that sellers should appear near 8932 to 8967. BW Traders can sell at 8917 and hold for lower prices.
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 22260 to 22190, a close under is negative and augurs for a test 21850 to 21700 and the 21340 to 21260 region.
Resistance should appear near 22670 to 22750, an extended trade above is friendly for a test of 23150 to 23220. Beyond that sellers should appear near 23540 to 23700. BW Traders can sell at 23500 and hold for lower prices. Trade accordingly and stay tuned for flashes.
MARCH COCOA
Resistance should appear near 2315 to 2322 and the 2411 to 2419 region.
Support should appear near 2185 to 2170 and the 2080 to 2089 region.
MARCH SUGAR
Support is at the 2370 to 2354 and 2315 to 2311.
Resistance should appear near 2511 to 2519.
MARCH COTTON
Resistance should appear near 9821 to 9837 and the 10021 to10037 region.
Support should appear 9641 to 9625 and the 9445 to 9429 region.
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Friday January 20, 2012
5:00 AM South Florida Beach Time
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