FuturesCom  Morning Investment Comments  Tuesday April 23, 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. –

Monday April 22, 2013

1:30 PM South Florida Beach Time

                                    THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 14,530.00 and 14,370.00…
Resistance remains near 14,590.00 then 14715.00 and the 14,840.00 to 14.960.00 region.

JUNE E-MINI SP500

Resistance should appear near the 1569.00 to 1576.00 region.

Support should appear near 1552.00 and the 1535.00 to 1529.00 region.

NASDAQ COMPOSITE
Resistance should appear near 3261.00 to 3270.00 and the 3319.00 to 3328.00 region
Support should appear near 3213.00 to 3194.00 and the 3157.00 to 3148.00 region.

 

JUNE E-MINI NASDAQ 100
Support should appear near 2775.00 to 2758.00 and the 2724.00 to 2716.00 region.
Resistance should appear near 2820.00 to 2829.00 beyond that sellers should appear near 2874.00 to
2883.00. BW Traders can sell at 2873 and risk 30 points.

JUNE E-MINI RUSSELL 2000

Resistance should appear near 914.00 to 915.60 then 923.70 and the 931.60 to 934.70 region.
Support should appear near 906.00 to 904.40 then 896.40 to 893.40 and the 887.10 to 885.80 region.

JUNE 30 YR BOND
Resistance should appear near 148-21 and 149-07
Support should appear near 147-21 and 147-07.
JUNE 10 YR NOTE
Resistance should appear near 133-21 and 134-07
Support should appear near 132-21 and 132-07.

                                           

                                                  THE FRENZIED FOREX FRONT

JUNE DOLLAR INDEX
Resistance should appear near the 8300 to 8314 region. A close over is friendly and augurs for a test of 8391 to 8406.
Support should appear near 8262 and the 8223 to 8194 region.

BW Traders should go long if a close over 8317 occurs.

JUNE JAPANESE YEN
Resistance should appear near 10104 to 10136 then 10185 and 10237.
Support should appear near 10037 to 10021 and the 9937 to 9921 region.

JUNE EURO CURRENCY
Support should appear near 13040, a close under or extended trade under is negative and augurs for a test of 12967 and 12890.
Resistance should appear near 13100 and 13155. BW Traders can sell at 13097 and risk a close over 13107 for three days in a row. Beyond that sellers should appear near 13220.  

 

JUNE SWISS FRANC
Resistance should appear near 10750 and 10817.
Support should appear near 10680 and 10630.

JUNE BRITISH POUND
Support should appear near 15208 and 15125.
Resistance should appear near resistance should appear near the 15290 to 15350 region.

JUNE CANADIAN DOLLAR
Resistance should appear near 9779 and the 9821 to 9837 region.
Support should appear near 9706 and 9641 to 9425.

JUNE AUSSIE DOLLAR
Resistance should appear near 10237 and the 10320 to 10360 region. BW Traders can sell at 10317 and hold for lower prices
Support should appear near 10185 and the 10136 to 10104 region

            THE PRECIOUS METALS

JUNE GOLD

Resistance should appear near the 1453 to 1459 region. Beyond that Sellers should appear near the 1484 to 1496 region and cap a rally. BW Traders can sell at 1483.00 and risk a close over 1497 for three days in a row.
Support is near 1421 to 1415 and 1383.00 to 1377.00.

JULY COPPER
Resistance should appear near 31940 to 32130 and the 32610 to 32700 region.
Support should appear near 31020 to 30920 and 30450 to 30360

JULY SILVER
Resistance should appear near 2354 to 2370 and 2411 to 2419.
Support is at 2322 to 2315 and the 2275 to 2267 region.

THE EXCITING ENERGIES

JUNE CRUDE OIL
Resistance should appear near 8964 and the 9044 to 9060 region.

Support should appear near 8871 to 8856 and the 8777 to 8762 region

 

JUNE HEATING OIL
Support should appear near 27750 to 27580 and 27240 to 27160.
Resistance should appear near 28200 to 28290 and the 28740 to 28830 region.
JUNE UNLEADED GAS
Support should appear near 27580 and the 27240 to 27160 region.

Resistance should appear 28200 to 28290.
BW Traders should go long of a close over 27770 occurs.
JUNE NATURAL GAS
Resistance should appear at 4425 to 4446 and 4571 to 4582
Support should appear near 4249 to 4238 and 4183 to 4163
THE GRANDE’ GRAINS
JULY SOYBEANS

Support should appear near 1361 ½, below that a test of 1346 to 1334 is likely.
Resistance should appear near 1377 to 1383 and 1415 to 1421
JULY SOYOIL
Resistance should appear near 4915 to 4926 and 4973 to 4995
Support should appear near 4856 to 4845 and the 4785 to 4775 region.

JULY SOYMEAL
Resistance should appear near 398.2 to 399.2 and 404.6 to 405.6.
Support should appear near 392.9 to 390.9 and 386.7 to 385.8.

JULY CORN
Support should appear 619 to 616 ½ and the 611 ¼ to 610 ¼ region
Resistance should appear near 625 ¾ to 627 and 633 ¾ to 635.

JULY WHEAT

Resistance should appear near 707 ½ to 708 ¾ and 714 ¾ to 717.

Support should appear near 700 ¾ to 699 and 691 ¾ to 690 ¾

 

THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 12030 to 11920
Resistance should appear near 12172 and 12320 to 12380

JUNE HOGS

Support should appear near 8937 then 8872 to 8857 and the 8777 to 8762 region.
Resistance should appear near 9037 to 9062 and the 9142 to 9162 region. BW Traders can sell at 9137 and hold for lower prices.
BW Traders should go short if a close under 8932 occurs.

OCTOBER HOGS
Support should appear near 7957 to 7937 and 7867 to 7837
Resistance should appear near 8027 to 8042 and the 8117 to 8137 region.

THE SATISFYING SOFTS
JULY COFFEE
Support should appear near 14210 to 14150 and 13830 to 13770.
Resistance should appear near 14530 to 14590 and the 14840 to 14960 region. BW Traders can sell at 14830 and hold for lower prices and risk a close over 15010 for three days in a row.

JULY COCOA
Resistance should appear near 2315 to 2322 and the 2354 to 2370 region. BW Traders can sell at 2349 and risk a close over 2372 for three days in a row.

Support should appear near 2275 to 2267 and the 2226 to 2219 region.

JULY SUGAR
Resistance is near 1780 and the 1808 to 1822 region

Support should appear near 1738 to 1731 and the 1696 to 1689 region.

 

JULY COTTON
Support should appear near 8589 to 8560 and the 8499 to 8484 region.
Resistance is near 8668 to 8683 and the 8762 to 8777 region.

–A Ship in Harbor is Safe…But that is not what ships are built for –

Happy Trading!
Bill wil@futurescom.com
Monday April 22, 2013
2:45 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  Tuesday  April 23, 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