FuturesCom Morning Investment Comments Friday October 19, 2012 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial-2
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.”-Aristotle-
Thursday October 18, 2012
7:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,460.00 to 13,340.00
Resistance should appear near 13,615.00 and the 13,770.00 to 13,830.00 region.
DECEMBER E-MINI SP500
Resistance should appear near 1453.00 to 1459.00 and 1471.50
Support should appear near 1437.00 and the 1421.00 to 1415.00 region.
NASDAQ COMPOSITE
Resistance should appear near 3092.00 to 3102.00 and 3125.00.
Support should appear near the 3045.00 to 3036.00 region.
DECEMBER E-MINI NASDAQ 100
Support should appear near 2724.00 to 2716.00, below that a test of 2672.00 to 2663.00 is likely.
Resistance should appear near 2758.00 to 2775.00 and the 2820.00 to 2829.00 region.
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 839.10 to 840.60 and the 848.40 to 849.90 region.
Support should appear near 831.40 to 830.00, a close under is negative and augurs for a test of the 822.30 to 819.40 region and eventually 813.40 to 811.90
DECEMBER 30 YR BOND
Resistance should appear near 147-07 and 147-21
Support should appear near 146-07 and 145-21
DECEMBER 10 YR NOTE
Resistance should appear near 132-21 and 133-07
Support should appear near 131-21 and 131-07
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 7939 to 7954 and 7991.
Support should appear near 7901 and the 7864 to 7836 region
DECEMBER JAPANESE YEN
Resistance should appear near 12680 to 12740.
Support should appear near 12530 and the 12380 to 12320 region.
DECEMBER EURO CURRENCY
Support should appear near 13040 and 12967
Resistance should appear near 13100 then 13167 and 13220.
DECEMBER SWISS FRANC
Resistance should appear near the 10960 to 11010 region.
BW Traders can sell at 10957 and hold for lower prices
Support should appear near 10757 and the 10680 to 10580 region.
DECEMBER BRITISH POUND
Support should appear near 15922 and 15760 to 15690
Resistance should appear near 16090 to16150
DECEMBER CANADIAN DOLLAR
Resistance should appear near 10237 and the 10320 to 10360 region.
BW Traders can sell at 10317 and risk a close over 10367
Support should appear near 10136 to 10104, below that a test of 10037 to 10021 is likekly to occur.
DECEMBER AUSSIE DOLLAR
Resistance should appear near 10360, beyond that sellers should appear near 10415
and cap a rally.
Support should appear near 10320 and 10237
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1757 and 1774.00 to 1780.00
Support is near 1738 to 1731 and 1696 to 1689
DECEMBER COPPER
Resistance should appear near 37430 and 37950 to 38060.
Support should appear near 36820 to 36630
DECEMBER SILVER
Resistance should appear near 3319 to 3328 and 3377 to 3386.
Support is at 3270 to 3261 and 3213 to 3194
THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Resistance should appear near 9316 to 9347 and the 9429 to 9445 region.
Support should appear near 9156 to 9140 and 9060 to 9044
DECEMBER HEATING OIL
Support should appear near the 31570 to 31480 region.
Resistance should appear near 31940 to 32130.
DECEMBER UNLEADED GAS
Resistance should appear near 27580 to 27750 and 28200 to 28290.
Support should appear near the 27240 to 27160 and 36820 to 36630
DECEMBER NATURAL GAS
Resistance should appear at 3909 to 3929 and 3982 to 3992
Support should appear near 3867 to 3858 and 3806 to 3795
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 1535 to 1529 and 1496 to1484.
Resistance should appear near 1552 and 1569 to 1576
DECEMBER SOYMEAL
Resistance should appear near 463.9 to 465.0 and 469.5 to 471.7
Support should appear near 458.2 to 457.1 and 451.4 to 450.3
DECEMBER BEAN OIL
Resistance should appear near 5259 to 5282 and 5344 to 5356
Support should appear near 5139 to 5127 and 5067 to 5056
DECEMBER CORN
Support should appear near 751 1/4m to 748 ¾ and 742 ¾ to 741 ½
Resistance should appear near 767 ½ to 768 ¾ and 776 ¼ to 777 ¾
DECEMBER WHEAT
Resistance should appear near 876 ¼ to 877 ¾ and 885 ¾ to 887 ¼
Support should appear near 858 ¾ to 856 and 849 ¾ to 848 ½
THE LIVELY LIVESTOCK
DECEMBER CATTLE
Support should appear near 12740 to 12680
Resistance should appear near 12890 and 13040 to 13100
FEBRUARY CATTLE
Support should appear near 13100 to 13040
Resistance should appear near 13220 and 13340 to 13460
DECEMBER HOGS
Support should appear near 7777 to 7762 and 7692 to 7672
Resistance should appear near 8027 to 8047 and 8117 to 8137
FEBRUARY HOGS
Support should appear near 8407 to 8392
Resistance should appear near 8667 to 8687
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
DECEMBER COFFEE
Support should appear near 15350 to 15290.
Resistance should appear near 16090 to 16150
Stay tuned for Flashes and Trade accordingly
DECEMBER COCOA
Resistance should appear near 2511 to 2519
Support should appear near 2370 to 2354
MARCH SUGAR
Support is at 1953 to 1946 and 1909 to 1902
Resistance should appear near 2034 to 2042 and 2080 to 2089
DECEMBER COTTON
Support should appear near 7689 to 7675 to 7428 to 7414.
Resistance is near 7762 to 7777 and 8029 to 8044
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 October 18, 2012
8:50 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 October 19-2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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