FuturesCom Morning Investment Comments Monday March 05, 2012
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
Courage in a Speculator is merely confidence to act on the decision of his mind
Sunday March 4, 2012
2:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 12,890.00 and the 12,740.00 to 12,680.00 region. .
Resistance should appear near 13,040.00 to 13,100 and cap a rally.
MARCH E-MINI SP500
Resistance should appear near the 1377.00 to 1383.00 and the 1415.00 to 1421.00 region
Support should appear near 1361.50 and 1346.00 to 1334.00
NASDAQ COMPOSITE
Resistance should appear near 2990.00 and the 3036.00 to 3045.00 region.
Support should appear near 2972.00 and the 2937.00 to 2928.00 region.
MARCH E-MINI NASDAQ 100
Resistance should appear near the 2663.00 to 2672.00 region.
Support should appear near the 2620.00 to 2612.00 region. .
MARCH E-MINI RUSSELL 2000
Resistance should appear near 802.90 to 804.40 and the 811.90 to 813.40 region. .
Support should appear near 795.40 to 793.90 and the 786.40 to 783.60 region.
JUNE 30 YR BOND
Resistance should appear near 141-21 and 142-07
Support should appear near 140-21 and 140-07 which should hold.
JUNE 10 YR NOTE
Resistance should appear near 131-07 and 131-21
Support should appear near 130-07 and 129-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8029 to 8044
Support should appear near the 7954 to 7934 and 7864 to 7836
MARCH JAPANESE YEN
Resistance should appear near 12320 to 12380.
Support should appear near 12165 and 12030 to 11920
MARCH EURO CURRENCY
Support should appear near 13100 to 13040.
Resistance should appear near 13220 and the 13340 to 13460 region.
MARCH SWISS FRANC
Resistance should appear near 10960 to 11010
Support should appear near 10890 and 10820.
MARCH BRITISH POUND
Support should appear near 15760 to 15690.
Resistance should appear near the 16090 to 16150 region, which should cap a rally.
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136
Support should appear near 10037 to 10021.
MARCH AUSSIE DOLLAR
Resistance should appear near 10820 and 10960 to 11010.
Support should appear near 10680 to10580.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1731 to 1738 and 1756
Support is near 1696 to 1689 and 1655 to 1642
MAY COPPER
Resistance should appear near 39090 to 39290 and 39820 to 39920
Support should appear near 38670 to 38580 and 38060 to 37950
MAY SILVER
Resistance should appear near 3493 to 3503 and 3553 to 3563
Support is at 3386 to 3377 and 3328 to 3319
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10820 and 10960 to 11010
Support should appear near 10630 to 10580 then 10470 and the 10360 to 10320 region,
BW Traders can buy at 10370 and risk a close under 10101 for three days in a row.
APRIL HEATING OIL
Support should appear near 31570 to 31480 and 31020 to 30920.
Resistance should appear near 32610 to 32700 and 33190 to 33280
APRIL UNLEADED GAS
Support should appear near 32700 to 32610 and 32130 to 31940
Resistance should appear near 33190 to 33280 and 33770 to 33860
APRIL NATURAL GAS
Support should appear at 2419 to 2410
Resistance should appear near 2612 to 2620.
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1322 and 1310 to 1304
Resistance should appear near 1334 to 1346
MAY SOYMEAL
Resistance should appear near 361.3 to 362.3 and 366.3 to 368.2
Support should appear near 356.3 to 355.3 and 350.3 to 349.3
MAY BEAN OIL
Resistance should appear near 5492 to 5504 and 5553 to 5577. BW Traders can sell at 5552 for a
turn lower and risk a close over 5670 for three days in a row.
Support should appear near 5356 to 5344 and 5282 to 5259
MAY CORN
Support should appear near 650 ¾ to 648 ¾ and 643 to 641 ¾
Resistance should appear near 665 ¾ to 667 ¼ and 674 ¼ to 675 ½
MAY WHEAT
Resistance should appear near 674 ¾ to 675 ½ and 680 ¾ to 683 ¾
Support should appear near 650 ¾ to 684 ¼ and 643 to 641 ¾
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 12965 and 12890
Resistance should appear near 13040 to 13100
APRIL HOGS
Support should appear near 8967 to 8932
Resistance should appear near 9137 to 9157
JUNE HOGS
Support should appear near 9837 to 9822.
Resistance should appear near 10022 to 10037
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near the 19960 to 19820 and 19530 to 19460
Resistance should appear near 20340 to 20420 and 20800 to 20890
MAY COCOA
Resistance should appear near 2411 to 2419 and the 2552 to 2568 region. .
Support should appear near 2322 to 2315 and 2275 to 2267
MAY SUGAR
Support is at the 2419 to 2411 region.
Resistance should appear near 2552 to 2568.
MAY COTTON
Resistance should appear near the 8934 to 8964 and 9044 to 9060
Support should appear 8777 to 8762 and 8783 to 8668
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Sunday March 04, 2012
3:30 PM 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 RELAIBLE 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 Morning Comments Monday March 5, 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 © 2012 All Rights Reserved.
