FuturesCom Morning Investment Comments Friday March 01, 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
“A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”
Thursday February 28, 2013
7:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,990.00, failure there augurs for an eventual test of 13,830.00 to 13,770.00
Resistance remains near the 14,150.00 to 14,210.00 region
MARCH E-MINI SP500
Resistance should appear 1529.00 to 1535.00
Support should appear near 1512.50 and the 1496.00 to 1484.00 region
NASDAQ COMPOSITE
Resistance should appear near 3194.00 to 3213.00
Support should appear near 3157.00 to 3148.00 and the 3102.00 to 3092.00 region.
MARCH E-MINI NASDAQ 100
Support should appear near 2724.00 to 2716.00 and 2991.50
Resistance should appear near 2741.00 and the 2758.00 to 2775.00
MARCH E-MINI RUSSELL 2000
Resistance should appear near the 914.00 to 915.60 region and 923.70
Support should appear near 906.00 to 904.40 and 896.40 to 893.40
JUNE 30 YR BOND
Resistance should appear near 144-07 and 144-21. Beyond that sellers should appear near 145-07
Support should appear near 143-07 and 142-21
JUNE 10 YR NOTE
Resistance should appear near 132-07 and 132-21 should cap a rally.
Support should appear near 131-07 and 130-21
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 8223, a close over augurs for a test of the 8300 to 8314 region.
Support should appear near 8194 and 8164. Below that 8134 to 9119 should hold.
MARCH JAPANESE YEN
Resistance should appear near 10820 and 10890.
Support should appear near 10750 and the 10680 to 10580 region.
MARCH EURO CURRENCY
Support should appear near 13040, a close under is negatvie and augurs for a test of 12967
and eventually the 12820 region.
Resistance should appear near 13100, a close over is friendly and indicates a test of 13155 and eventually the 13220 region.. Trade according and pick your poison.
MARCH SWISS FRANC
Resistance should appear near 10715 and 10750
Support should appear near the 10680 to 10580 region.
MARCH BRITISH POUND
Support should appear near 15125 and the 14960 to 14840 region..
Resistance should appear near 15290 to 15350.
BW Traders can sell at 15270 and hold for lower prices.
MARCH CANADIAN DOLLAR
Resistance should appear near the 9706 to 9737 and 9779.
Support should appear near 9641 to 9425.
MARCH AUSSIE DOLLAR
Resistance should appear near 10237 and the 10320 to 10360 region.
BW Traders can sell at 10317 and risk a close over 10367 for three days in a row.
Support should appear near 10185 and the 10136 to 10104 region.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1592.5 and the 1609 to 1615 region.
Support is near 1576 to 1569, below that a test of 1535 to 1529 is likely.
MAY COPPER
Resistance should appear near 36130 to 36230 and the 36630 to 36820 region.
Support should appear near 35530 and the 35030 to 34930 region.
MAY SILVER
Resistance should appear near 2874 to 2883 and the 2928 to 2937 region.
Support is at 2829 to 2820 and the 2775 to 2758 region. .
THE EXCITING ENERGIES
APRIL CRUDE OIL
Support should appear near 9156 to 9140 and the 9060 to 9044 region.
Resistance should appear near 9237 and the 9316 to 9347 region.
APRIL HEATING OIL
Support should appear near 29370 to 29280 and 28830 to 28740.
Resistance should appear near 29720 to 29900 and 30360 to 30450
APRIL UNLEADED GAS
Support should appear near 30450 to 30360 region
Resistance should appear 31480 to 31570
APRIL NATURAL GAS
Resistance should appear at 3493 to 3503 region
Support should appear near 3328 to 3319
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1421 to 1415 and the 1383 to 1374 region.
BW Traders can buy at 1387 for a bounce and risk a close under 1373 for three days in a row.
Resistance should appear near 1453 to 1459, a close over is friendly and augurs for a test of the 1484 to 1496 region.
MAY SOYOIL
Resistance should appear near 4973 to 4995.
Support should appear near the 4856 to 4845
MAY SOYMEAL
Resistance should appear near 437.0 to 438.1 and 442.5 to 444.6
Support should appear near 431.6 to 430.4 and 424.9 to 423.8 .
MAY CORN
Support should appear 700 ¼ to 699 and 691 ¾ to 690 ¾.
Resistance should appear near 707 ½ to 708 ¾ and 714 ½ to 717
MAY WHEAT
Resistance should appear near 732 ¾ to 734 ¼
Support should appear near 700 ¾ to 699 should contain a decline…
Trade Accordingly and Stay Tuned for Grain Flashes
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 12892 and the 12740 to 12680 region.
Resistance should appear 13040 to 13100.
JUNE CATTLE
Support should appear near the 12532 and 12467.
Resistance should appear near the 12680 to 12740 region.
APRIL HOGS
Support should appear near 8047 to 8027.
Resistance should appear near 8197 to 8222.
JUNE HOGS
Support should appear near 9100 and 9062 to 9042
Resistance should appear near 9232 and the 9317 to 9347 region.
Stay Tuned for Flashes and updates in Livestock.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 14210 to 14150.
Resistance should appear near 14530 to 14590.
MAY COCOA
Resistance should appear near 2170 to 2185 and the 2219 to 2226 region.
Support should appear near 2134 to 2126 and 2089 to 2080.
Trade Accordingly
MAY SUGAR
Resistance is near 1858 to 1865 and the 1902 to 1909 region.
Support should appear near 1822 to 1808 and 1780 to 1774
MAY COTTON
Support should appear near 8499 to 8484 and 8406 to 8391.
Resistance is near 8560 to 8589 and the 8668 to 8683 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 28, 2013
8:30 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 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 March 01, 2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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