FuturesCom Morning Investment Comments Tuesday February 19, 2013 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
“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.
Sunday February 17, 2013
10:00 AM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,910.00 and the 13,830.00 to 13,770.00 region.
Resistance should appear near 13,990.00 then 14,070.00 and the 14,150.00 to 14,210.00 region.
MARCH E-MINI SP500
Resistance should appear the 1529.00 to 1535.00 region. Aggressive BW Traders can sell at 1528.75 and risk 10 points.
Nearby support should appear near 1512.50 and the 1496.00 to 1484.00 region.
NASDAQ COMPOSITE
Resistance should appear near 3192.00 to 3213.00 and 3237.00
Support should appear near 3176.00 and the 3157.00 to 3148.00 region.
MARCH E-MINI NASDAQ 100
Support should appear near 2758.00 then 2741.00 and the 2724.00 to 2716.00 region. BW Traders can buy at 2727 and hold for higher prices, risk a close under 2714 for three days in a row.
Resistance should appear near 2775.00 and the 2820.00 to 2829.00 region.
MARCH E-MINI RUSSELL 2000
Resistance should appear near 923.70 and the 931.60 to 934.70 region
Support should appear near 915.60 to 914.00 and 910.10. Below that buyers should appear near 906.00 to 904.40
JUNE 30 YR BOND
Resistance should appear near 142-07 and 142-21
Support should appear near 141-21 and 141-07
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
MARCH DOLLAR INDEX
Resistance should appear near 8081 and 8119 to 8134
Support should appear near 8044 to 8029.
MARCH JAPANESE YEN
Resistance should appear near 10820 and the 10960 to 11010 region.
Support should appear near of the 10680 to 10580 region, below that a test of 10470 is likely.
MARCH EURO CURRENCY
Support should appear near 13340 and 13267
Resistance should appear near 13400 to 13460.
MARCH SWISS FRANC
Resistance should appear near 10890 and the 10960 to 11010 region. BW Traders can sell at 10957 and hold for lower prices.
Support should appear near 10822 and 10787.
MARCH BRITISH POUND
Support should appear near the15350 to 15290 region.
Resistance should appear near 15530 the 15690 to 15760 region.
MARCH CANADIAN DOLLAR
Resistance should appear near 9937 then 9979 and the 10021 to 10037 region.
Support should appear near 9921 and 9879, below that a test of 9837 to 9821 is likely.
Trade Accordingly
MARCH AUSSIE DOLLAR
Resistance should appear near 10320 to10360.
Support should appear near 10237 and the10185.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1615.0 beyond that sellers should appear near 1628.5 and the 1642.0 to 1655.0 region.
Support is near 1592.5 and the 1576.0 to 1569.0 region.
MAY COPPER
Resistance should appear near 37950 to 38060 and the 38580 to 38650 region.
Support should appear near 37430 to 37340 and the 36820 to 36630 region.
MAY SILVER
Resistance should appear near 3036 to 3045 and 3092 to 3102
Support is at 2972 and the 2937 to 2928 region.
THE EXCITING ENERGIES
APRIL CRUDE OIL
Support should appear near 9641 to 9625 then 9542 to 9526 and the 9445 to 9429 region. Below that buyers should appear near 9347 to 9316. Traders can buy at 9487 and hold for higher prices
Resistance should appear near 9721 to 9737 and 9821 to 9837.
APRIL HEATING OIL
Support should appear near 31940 and 31570 to 31480.
Resistance should appear near 32610 to 32700, beyond that a test of 33190 to 33280 is likely.
APRIL UNLEADED GAS
Support should appear near 32700 to 32610 and the 32130 to 31940 region.
Resistance should appear 33190 to 33280 and the 33770 to 33830 region.
APRIL NATURAL GAS
Resistance should appear at 3261 to 3270 and 3319 to 3328.
Support should appear near 3213 to 3194 and 3157 to 3148.
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1399 and 1383.0 to 1377.0 region.
Resistance should appear near 1415 to 1421, beyond that sellers should appear near 1437
MAY SOYOIL
Resistance should appear near 5259 to 5282
Support should appear near 5200 and 5139 to 5127.
MAY SOYMEAL
Resistance should appear near 411.0 to 412.0 and 416.3 to 418.3
Support should appear near 405.6 to 404.6 and 399.2 to 398.2
MAY CORN
Support should appear 691 ¾ to 690 ¾ and 683 ¾ to 680 ¾.
Resistance should appear near 699 to 700 ¼ and the 707 ½ to 708 ¾ region.
MARCH WHEAT
Resistance should appear near 748 ¾ to 751 ¼.
Support should appear near 717 ¾ to 714
MAY WHEAT
Resistance should appear near 748 ¾ to 751 ¼ and the 758 ¾ o 760 ¼ region.
Support should appear near 742 ¾ to 741 ½ and the 734 ¼ to 732 ¾ region.
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13040 then 12967 and 12890.
Resistance should appear 13100, a close over is friendly and augurs for a test of 13237.
JUNE CATTLE
Support should appear near 12532 then 12457 and the 12380 to 12320 region.
Resistance should appear near 12680 to 12740
APRIL HOGS
Support should appear near 8407 to 8392, below that buyers should appear near 8317 to 8300
Resistance should appear near 8482 to 8502 and the 8562 to 8592 region.
JUNE HOGS
Support should appear near 9237 and the 9157 to 9142 region..
Resistance should appear near 9317 to 9347 and 9427 to 9447.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 13990 and the 13830 to 13770 region.
Resistance should appear near 14150 to 12410 and 14370.
MAY COCOA
Resistance should appear near 2152 and 2170 to 2185.
Support should appear near 2134 to 2126 and 2089 to 2080.
MAY SUGAR
Resistance is near 1794 and 1808 to 1822.
Support should appear near 1738 to 1731
MAY COTTON
Support should appear near 8317 to 8300 and the 8223 to 8194 region.
Resistance is near 8391 to 8407 and the 8484 to 8499 region.
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 February 17, 2013
1:40 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 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 Morning Futures Comments Tuesday February 19, 2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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