FuturesCom Morning Investment Comments Friday February 15, 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.
Thursday February 14, 2013 3:30 PM 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.
Support should appear near 1512.50 and the 1496.00 to 1484.00 region.
NASDAQ COMPOSITE
Resistance should appear near 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 and 7991.
MARCH JAPANESE YEN
Resistance should appear near 10820 and 10890
Support should appear near the 10750 and 10680.
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 the 10021 to 10037 region.
Support should appear near 9937 to 9921.
MARCH AUSSIE DOLLAR
Resistance should appear near 10360 and 10415
Support should appear near 10320 and 10237.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1642 to 1655
Support is near 1628.5 and the 1615 to 1609 region.
MARCH COPPER
Resistance should appear near 37950 to 38060 and the 38580 to 38650 region.
Support should appear near 37340 and 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 3092 to 3102
Support is at 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 31020 to 30920 and 30450 to 30360.
Resistance should appear 31480 to 31570 and 31755.. beyond that a test of 31940 to 32130 is likely
APRIL 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 1415.0 and 1399.
Resistance should appear near 1421 and 1437 and 1453 to 1459
MAY SOYBEANS
Support should appear near 1399 and 1383.0 to 1377.0 region.
Resistance should appear near 1415 to 1421.
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
MARCH CORN
Support should appear 691 ¾ to 690 ¾ and 683 ¾ to 680 ¾.
Resistance should appear near 707 ½ to 708 ¾ and 714 to 717 ¾. BW Traders can sell at 717 ¾ and risk 10 cents.
MARCH WHEAT
Resistance should appear near 748 ¾ to 751 ¼.
Support should appear near 717 ¾ to 714
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 the 12380 to 12320 region.
Resistance should appear near 12680 to 12740
APRIL HOGS
Support should appear near 8407 to 8392
Resistance should appear near 8562 to 8592
JUNE HOGS
Support should appear near 9157 to 9142
Resistance should appear near 9527 to 9542
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 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 1780 to 1774
MAY COTTON
Support should appear near 8194 to 8223 then 8134 to 8119 and the 8044 to 8029 region.
BW Traders can buy at 8045 and risk a close under 8020 for three days in a row.
Resistance is near 8300 to 8317 and the 8391 to 8407 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
Thursday February 14, 2013
4:45 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 Friday February 15, 2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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