“Years of practice at the game, of constant study, of always remembering, enables the trader to act when the unexpected happens as well as when the expected comes to pass. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory”  -Reminiscences of a Stock operator -1929

 

 
Wednesday January 02, 2013
4:00 PM South Florida Beach Time

                                         THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,340.00 and 13,220.00
Resistance should appear near 13,460.00 then 13,615.00 and the 13,770.00 to 13,830.00 region which should cap a rally.

MARCH E-MINI SP500
Resistance should appear 1471.50 and the 1484.00 to 1496.00 region.
Support should appear near 1454.00 and 1437.00. Below that buyers should appear near 1421.00 to 1415.00 which should contain a decline

NASDAQ COMPOSITE
Resistance should appear near 3148.00 to 3157.00 and the 3194.00 to 3213.00 region.
Support should appear near 3102.00 to 3092.00 and 3045.00 to 3036.00.

MARCH E-MINI NASDAQ 100
Support should appear near 2724.00 to 2716.00 and 2672.00 to 2663.00.
Resistance should appear near 2758.00 to 2775.00. Beyond that sellers should appear near 2820.00 to 2829.00.

MARCH E-MINI RUSSELL 2000
Resistance should appear near the 876.20 to 877.70 and the 885.60 to 887.10 region.
Support should appear near 868.30 to 866.80 and the 858.90 to 856.00 region.

MARCH 30 YR BOND
Resistance should appear near 146-07 and 146-21. Beyond that sellers should appear near
147-07 and should cap a rally.
Support should appear near 145-07 and 144-21, below that a test of 144-07 is likely.

MARCH 10 YR NOTE
Resistance should appear near 133-07 and 133-21.
Support should appear near 131-21 and 131-07.                                                          

                                                    THE FRENZIED FOREX FRONT

MARCH DOLLAR INDEX
Resistance should appear near 8029 to 8044, a close over is friendly and augurs for a test of the 8119 to 8134 region.
Support should appear near 7954 to 7939 region. Below that buyers should appear near 7902 and the 7864 to 7834 region. BW Traders can buy at 7867 and hold for higher prices.  Initially traders should plan on a risk if a close under 7827 occurs for three days in a row.
BW Traders should go long if a close over 8045 occurs.

MARCH JAPANESE YEN
Resistance should appear near 11500 and 11640 to 11690. BW Traders can sell at 11637 and hold for lower prices…
Support should appear near the 11360 to 11300 region.
.
MARCH EURO CURRENCY
Support should appear near the 13100 to 13040 region.
Resistance should appear near 13220 and the 13340 to 13460 region.  BW Traders can sell at 13337 and risk a close over 13467 for three days in a row.

MARCH SWISS FRANC
Resistance should appear near 10960 to 11010 and 11155
Support should appear near 10890 and 10820, below that a test of 10680 to 10580 is likely.

MARCH BRITISH POUND
Support should appear near 16150 to16090
Resistance should appear near the 16420 to 16550 region.
Trade accordingly and stay tuned for Flashes

MARCH CANADIAN DOLLAR
Resistance should appear near 10175 and the 10320 to 10360 region.
Support should appear near 10104 and 10037 to 10021

MARCH AUSSIE DOLLAR
Resistance should appear near 10470 and the 10580 to 10680 region.
Support should appear near 10360 to 10320
            THE PRECIOUS METALS

FEBRUARY GOLD
Resistance should appear near 1689 to 1696 and the 1731 to 1738 region.
Support is near 1672 and the 1655 to 1642 region.

MARCH COPPER
Resistance should appear near 37340 to 37450 and 37950 to 38060.
Support should appear 36820 to 36630 and 36230 to 36130.

MARCH SILVER
Resistance should appear near 3148 to 3157 and 3194 to 3123
Support is at 3092 and 3045 to 3036.

THE EXCITING ENERGIES

FEBRUARY CRUDE OIL
Resistance should appear near 9316 to 9347 and the 9706 to 9737 region.
Support should appear near 9237 and the 9156 to 9140 region. Below that buyers should appear near 9060 to 9044.

FEBRUARY HEATING OIL
Support should appear near 29900 to 29720 and the 29370 to 29280 region, which should bring in buyers and contain a decline. BW Traders can buy at 29410 for a bounce and hold for higher prices.
Resistance should appear near the 30920 to 31020 region. Above that a trade towards 31480 to 31570 is likely.

FEBRUARY UNLEADED GAS
Resistance should appear near 28120 to 28200, a close over is friendly and augurs for a test of 28830 to 28740 and eventually the 29280 to 29370 region.

Support should appear near 27750 to 27580 then 27240 to 27160 and the 26720 to 26630 region.
Stay tuned for Flashes

FEBRUARY NATURAL GAS
Resistance should appear at 3425 to 3443 and 3553 to 3563.
Support should appear near 3157 to 3148 and the 2990 to 2972 region.

THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1383 to 1374 and the 1346 to 1334 region.
Resistance should appear near 1415 to 1421 and the 1454 to 1459 region.

MARCH SOYOIL
Resistance should appear near 5127 to 5139 the 5200 to 5211region.
Support should appear near 5067 to 5056 and 4995 to 4973.

MARCH SOYMEAL
Resistance should appear near 411.0 to 412.0 and 416.3 to 418.3.
Support should appear near 399.2 to 398.2 and the 392.9 to 390.9 region.

MARCH CORN
Support should appear 683 ¾ to 680 ¾ and 675 ½ to 674 ¾.
Resistance should appear near 699 to 700 ¼ and 707 ½ to 708 ¾.

MARCH WHEAT
Resistance should appear near 767 ½ to 768 ¾ and 776 ¼ to 777 ¾
Support should appear near 751 ¼ to 748 ¾ and the 734 ¼ to 732 ¾ region.

THE LIVELY LIVESTOCK
FEBRUARY CATTLE
Support should appear near 13220 and 13100 to 13040.
Resistance should appear near 13340 to 13460.

APRIL CATTLE
Support should appear near 13617 and the 13460 to13340 region.
Resistance should appear near 13770 to 13830.

FEBRUARY HOGS
Resistance should appear near 8667 to 8682 and the 8762 to 8777 region.
Support should appear near 8587 to 8562 and the 8502 to 8497 region.
APRIL HOGS
Support should appear near 8872 to 8857 and the 8777 to 8762
Resistance should appear near 8932 to 8967 and the 9042 to 9062 region.

JUNE HOGS

Support should appear near 9747 to 9737 and the 9642 to 9622 region
Resistance should appear near 9922 to 9937 and the 10022 to 10037region.

Stay tuned for Livestock Flashes and Updates

THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 14840 and the 14590 to 14530 region.
Resistance should appear near 15290 to 15350 and the 15690 to 15760 region.

MARCH COCOA
Resistance should appear near 2267 to 2275 and the 2315 to 2322 region. Beyond that sellers should appear near 2354 to 2370. BW Traders can sell at 2351 and hold for lower prices. Risk a close over 2372 for three days in a row

Support should appear near 2226 to 2219 and the 2185 to 2170 region…

MARCH SUGAR
Support is at 1953 to 1946 and 1909 to 1902.
Resistance should appear near 1982 to 1996 and the 2034 to 2042. BW Traders can Sell at 2032 and risk a close over 2047 for three days in a row.

MARCH COTTON
Support should appear near 7513 to 7486 and the 7428 to 7414 region.
Resistance is near 7587 to 7601. Beyond that sellers should appear near 7763 to 7777 and the 7836 to 7864 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
Wednesday January 02, 2013
5:20 PM South Florida Beach Time   

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FuturesCom Morning Futures Comments  Thursday January 03 -2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs

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