FuturesCom  Morning Investment Comments  Thursday January 24, 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 trader should not swear eternal allegiance to either a bull or bear side.    His concern lies with being right.

Wednesday January 23, 2013
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 the 13,770.00 to 13,830.00 region.

MARCH E-MINI SP500
Resistance should appear 1496.00 and the 1529.00 to 1535.00 region
Support should appear near 1471.50 and the 1459.00 to 1453.00 region.

NASDAQ COMPOSITE
Resistance should appear near 3148.00 to 3157.00.
Support should appear near 3102 to 3092

MARCH E-MINI NASDAQ 100
Support should appear near 2694.00 and the 2672.00 to 2663.00
Resistance should appear near 2716 to 2724 then 2741.00 and the 2758.00 to 2775.00 region.
MARCH E-MINI RUSSELL 2000
Resistance should appear near 904.40 to 906.00 and 914.00 to 915.60
Support should appear near 887.10 to 885.60 and 877.70 to 876.20.

MARCH 30 YR BOND
Resistance should appear near 146-21 and 147-07
Support should appear near 145-21 and 145-07

MARCH 10 YR NOTE
Resistance should appear near 132-21and 133-07
Support should appear near 131-21 and 131-07                                                          

 

 

                                                    THE FRENZIED FOREX FRONT

 

MARCH DOLLAR INDEX
Resistance should appear near 8029 to 8044
Support should appear near 7954 to 7939

MARCH JAPANESE YEN
Resistance should appear near 11300 to 11360
Support should appear near 11155 and 11010 to 10960.

MARCH EURO CURRENCY
Support should appear near 13220 and the 13100 to 13040 region.
Resistance should appear near 13340 and 13400 to 13460

MARCH SWISS FRANC
Resistance should appear near 10820 and the 10960 to 11010 region
Support should appear near 10750 and 10680 to 10580

MARCH BRITISH POUND
Support should appear near the 15760 to 15690 region.
Resistance should appear near 15927 and 16007
MARCH CANADIAN DOLLAR
Resistance should appear near 10021 to 10037
Support should appear near the 9937 to 9921 region.

MARCH AUSSIE DOLLAR
Resistance should appear near the10580 to 10680 region.
Support should appear near 10470 and the 10360 to 10320 region. BW Traders can buy at 10370 for a bounce and risk a close under 10317 for three days in a row.

                                                      THE PRECIOUS METALS

FEBRUARY GOLD
Resistance should appear near 1689 to 1696 and 1713.5
Support is near 1672 and 1655 to 1642.
MARCH COPPER
Resistance should appear near 37340 to 37450 and the37950 to 38060 region.
Support should appear near 36630 and 36230 to 36130.

MARCH SILVER
Resistance should appear near 3261 to 3270 and 3319 to 3328
Support is at 3157 to 3148 and 3102 to 3092

 

 

THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 9625 to 9641 and 9706 to 9737
Support should appear near 9542 to 9526 and 9445 to 9429.
MARCH HEATING OIL
Support should appear near 30450 to 30360 and 29900 to 29720
Resistance should appear near 30920 to 31020 and 31480 to 31570

MARCH UNLEADED GAS
Resistance should appear near 29280 to 29370 and 30360 to 30450

Support should appear near 282390 to 28200 and 27750 to 27580.

MARCH NATURAL GAS
Resistance should appear at 3613 to 3623 and 3734 to 3743
Support should appear near 3503 to 3493 and 3443 to 3425

THE GRANDE’ GRAINS

MARCH SOYBEANS
Support should appear near 1421 to 1415 and 1399
Resistance should appear near  1437 and 1453 to 1459

MARCH SOYOIL
Resistance should appear near 5200 to 5211 and 5259 to 5282
Support should appear near 5139 to 5127 and 5067 to 5056

 

MARCH SOYMEAL
Resistance should appear near 416.3 418.3 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 717 to 714 ½ and 708 ¾ to 707 ½
Resistance should appear near 724 ¼ to 725 ½ and 732 ¾ to 734 ¼

MARCH WHEAT
Resistance should appear near 783 ¾ to 786 ½ and 802 ¾ to 804 ½
Support should appear near 760 ¼ to 759 ¾ and 751 ¼ to 748 ¾

THE LIVELY LIVESTOCK
FEBRUARY CATTLE
Support should appear near the 12380 to 12320 region
Resistance should appear near 12680 to 12740

APRIL CATTLE
Support should appear near 12890 and the 12740 to 12680 region
Resistance should appear near 13100 and 13220.

JUNE CATTLE
Support should appear near 12532 and 12380 to 12320 region
Resistance should appear near 12680 to 12740 and 12817.

 

FEBRUARY HOGS

Resistance should appear near 8667 to 8682 and 8762 to 8777
Support should appear near 8592 to 8557 and 8502 to 8482

APRIL HOGS

Support should appear near 8777 to 8762 and 8682 to 8667
Resistance should appear near the 8932 to 8962 region.

JUNE HOGS
Support should appear near 9737 to 9707 and 9642 to 9622
Resistance should appear near 9822 to 9837 and 9922 to 9937

 

THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 14960 to 14840 and 14590 to 14530
Resistance should appear near 15290 to 15350 and 15690 to 15760

.

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

Support should appear near 2185 to 2170 and 2134 to 2128

MARCH SUGAR
Support is at 1822 to 1808 and 1780 to 1774
Resistance should appear near 1858 to 1865 and 1902 to 1909

MARCH COTTON
Support should appear near 7954 to 7939 and 7864 to 7836
Resistance is near 8119 to 8134 and the 8300 to 8315 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 23, 2013
8:55 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  Thursday January 24 -2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs

FuturesCom Investment Publications Terms of Use and Agreement   https://www.futurescom.com/policies.html FuturesCom Investment Publications © 1996-2013 All Rights Reserved