FuturesCom Morning Investment Comments Tuesday February 12, 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.
Monday February 11, 2013 2:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support remains near 13,830.00 to 13,770.00.
Resistance should appear near 13,990.00 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.
Support should appear near 1496.00 to 1484.00.
NASDAQ COMPOSITE
Resistance should appear near the 3194.00 to 3213.00 region
Support should appear near 3157.00 to 3148.00.
MARCH E-MINI NASDAQ 100
Support should appear near 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 2820.00 to 2829.00 and the 2874.00 to 2883.00 region.
MARCH E-MINI RUSSELL 2000
Resistance should appear near the 914.0 to 915.60 region a close over is friendly and augurs for a test of 923.70.
Support should appear near 906.00 to 904.40 and the 896.40 to 893.40 region.
JUNE 30 YR BOND
Resistance should appear near 142-21 then 143-07 and 143-21.
Support should appear near 141-21 below that buyers should appear near 141-07.
JUNE 10 YR NOTE
Resistance should appear near 131-07 and 131-21.
Support should appear near 130-07 below support should appear near 129-21.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 8044 and 8081
Support should appear near 8029 and 7991.
MARCH JAPANESE YEN
Resistance should appear near 10750 and 10820.
Support should appear near the 10680 to 10580 region.
MARCH EURO CURRENCY
Support should appear near 13400 to 13340
Resistance should appear near 13460 and 13537, beyond that sellers should appear near 13615.
BW Traders can sell at 13613 and risk 50 points.
MARCH SWISS FRANC
Resistance should appear near 10960 to 11010. 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 15525 and the 15350 to 15290 region.
Resistance should appear near 15690 to 15760 then 15847 and 15922. BW Traders can sell at 15927 and risk a close over 15957 for three days in a row.
MARCH CANADIAN DOLLAR
Resistance should appear near 9979 and the 10021 to 10037 region.
Support should appear near 9937 to 9921, a close under is negative and augurs for a test of 9837 to 9821…
MARCH AUSSIE DOLLAR
Resistance should appear near 10320 to 10360.
Support should appear near 10185 and the 10136 to 10104 region.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1655 then 1671.50 and the 1689 to 1696.
Support is near 1642 and the 1615 to 1609 region.
MARCH COPPER
Resistance should appear near 37340 to 37430 and 37950 to 38060.
Support should appear near the 36820 to 36630 region. BW Traders can buy at 368.30 and risk a close under 365.90 for three days in a row.
MARCH SILVER
Resistance should appear near 3148 to 3157 and the 3194 to 3213 region
Support is at 3102 to 3092 then 3045 to 3036 and the 2992 to 2972 region.
THE EXCITING ENERGIES
APRIL CRUDE OIL
Support should appear near 9737 to 9706 and the 9641 to 9625 region.
Below that buyers should appear near 9542 to 9526.
Resistance should appear near 9821 to 9837 and the 9921 to 9937 region.
MARCH HEATING OIL
Support should appear near 32130 to 31940 and 31570 to 31480. BW Traders can buy at 31570 for a bounce and initially risk a close under 30910 for three days in a row.
Resistance should appear near 32610 to 32700, beyond that a test of 33190 to 33280 is likely.
MARCH UNLEADED GAS
Support should appear near the 29900 to 29720 region. BW Traders can buy at 29950 and hold for higher prices, risk a close under 29710 for three days in a row. Below that buyers should appear near 29370 to 29280.
Resistance should appear 30360 to 30450 and 30920 to 31020.
MARCH NATURAL GAS
Resistance should appear at 3319 to 3328 and the 3425 to 3443 region.
Support should appear near 3213 to 3194 and 3157 to 3148.
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1421.0 to 1415.0 region. Below that buyers should appear near 1383.0 to 1377.00
Resistance should appear near 1453 to 1459.
MAY SOYBEANS
Support should appear near 1415.0 and 1399. BW Traders can buy at 1399 and hold for higher prices. Below that buyers should appear near the 1383.0 to 1377.0 region.
Resistance should appear near 1421 and 1437.
MARCH SOYOIL
Resistance should appear near 5127 to 5139 and 5200 to 5211
Support should appear near 5067 to 5056 and 4995 to 4973..
MARCH SOYMEAL
Resistance should appear near 416.3 to 418.3 and 423.8 to 424.9
Support should appear near 412.0 to 411.0 and 405.6 to 404.6
MARCH CORN
Support should appear 700 ¾ to 699 and the 683 ¾ to 680 ¾.region.
Resistance should appear near 714 to 717 ¾ and 724 ¼ to 725 ½. BW Traders can sell at 717 ¾ and risk 10 cents.
MARCH WHEAT
Resistance should appear near 748 ¾ to 751 ¼ and 758 ¾ to 760 ½.
Support should appear near 742 ¾ to 741 ½ region and 734 ¼ to 732 ¾ region
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 12890, below that buyers should appear near 12740 to 12680
Resistance should appear 13040 to 13100, a close over is friendly and augurs for a test of 13237.
JUNE CATTLE
Support should appear near 12530 and the 12380 to 12320 region.
Resistance should appear near 12680 to 12740
APRIL HOGS
Support should appear near 8592 to 8562 and the 8502 to 8482 region.
Resistance should appear near 8667 to 8682 and the 8762 to 8777 region.
BW Traders can sell at 8762 and risk a close over 8787 for three days in a row.
JUNE HOGS
Support should appear near 9447 to 9427 and 9347 to 9317.
Resistance should appear near 9527 to 9542 and 9622 to 9642
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 14210 to 14150 and 13830 to 13770.
Resistance should appear near 14530 to 14590
MAY COCOA
Resistance should appear near 2219 to 2226.
Support should appear near 2134 to 2126.
MAY SUGAR
Resistance is near 1858 to 1865.
Support should appear near 1822 to 1807
MAY COTTON
Support should appear near 8317 to 8300 and the 8223 to 8194 region. Aggressive BW Traders can buy at 8225 and hold for higher prices. Below that buyers should appear near 8134 to 8119
Resistance is near 8391 to 8407 a close over is friendly and augurs for a test of 8484 to 8499.
Stay tuned for Flashes and Updates in all Markets
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–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Monday February 11, 2013
3:20 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 12, 2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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