FuturesCom Morning Investment Comments Tuesday January 29, 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.”
Monday January 28, 2013
4:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,830.00 to 13,770.00. Below that 13,460.00 to 13,340.00 should hold.
Resistance should appear near the 14,150.00 to 14,210.00 region which should cap a rally.
MARCH E-MINI SP500
Resistance should appear near 1496.00 and 1512.50.
Support should appear near 1490.00 to 1484.00 and 1471.50.
NASDAQ COMPOSITE
Resistance should appear near 3157.00 then 3175.50 and the 3194.00 to 3213.00 region.
Support should appear near 3148.00 then 3125.00 and 3102.00 to 3092.00.
MARCH E-MINI NASDAQ 100
Support should appear near 2724.00 to 2716.00 and the 2672.00 to 2663.00 region.
BW Traders can buy at 2673.00 for a bounce and risk a close under 2659.00
Resistance should appear near 2758.00 to 2775.00.
MARCH E-MINI RUSSELL 2000
Resistance should appear near 904.40 to 906.00 and 914.0 to 915.80.
Support should appear near 896.40 to 8903.40 and 887.10 to 885.60. BW Traders can buy at 888.90 for a bounce and risk a close under 885.30 for three days in a row.
BW Traders should go long if a close over 906.70 occurs.
MARCH 30 YR BOND
Resistance should appear near 144-07 then 144-21 and 145-07.
Support should appear near 143-21, below that buyers should appear near 142-21 and 141-07.
MARCH 10 YR NOTE
Resistance should appear near 132-07 and 132-21.
Support should appear near 131-07 and 130-21 below that 129-21 should hold.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 7991 and the 8029 to 8044 region.
Support should appear near 7954 to 7939 region.
MARCH JAPANESE YEN
Resistance should appear near 11010 then 11155 and the 11300 to 11360 region. BW Traders can sell at 11287 and hold for lower prices, initially plan on risking a close over 11371 for three days in a row and stay tuned for flashes.
Support should appear near the 10960 region, failure there is negative and augurs for a test of 10820 and the 10680 to 10580 region.
Aggressive BW Traders should go short if a close under 10953 occurs.
MARCH EURO CURRENCY
Support should appear near 13400 to 13340 and 13220.
Resistance should appear near 13537 then13615 and the13770 to 13830 region
MARCH SWISS FRANC
Resistance should appear near 10820 and the 10960 to 11010 region.
Support should appear near 10750 and the 10680 to 10580 region.
MARCH BRITISH POUND
Support should appear near 15525 and the 15350 to 15290 region.
Resistance should appear near 15760 then 15837 and 15922. BW Traders can sell at 15917 and risk a close over 15937 for three days in a row.
MARCH CANADIAN DOLLAR
Resistance should appear near 9937 then 9979 and the 10021 to 10037 region which should cap a rally. BW Traders can sell at 9977 and risk a close over 10043 for three days in a row.
Support should appear near 9921 then 9879 and the 9837 to 9821region
MARCH AUSSIE DOLLAR
Resistance should appear near 10415 and 10470.
Support should appear near the 10360 to 10320 region.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1689 to 1696 and the 1731 to 1738 region..
Support is near 1655 to 1642 and the 1615 to 1609 region. .
BW Traders should go long if a close over 1697.7 occurs.
MARCH COPPER
Resistance should appear near 366.30 to 368.20 and the 37340 to 37450 region.
Support should appear near 36230 to 36130 and the 35630 to 35530 region.
BW Traders can buy at 357.00 and risk a close under 355.10 for three days in a row.
MARCH SILVER
Resistance should appear near 3092 to 3102 and the 3148 to 3157 region.
Support is at 3045 to 3036 and the 2992 to 2972 region. BW Traders can buy at 2992 and risk a close under 2967 for three days in a row.
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near the 9706 to 9737 region. Beyond that a test of 9921 to 9937 is likely.
Support should appear near 9641 to 9625 then 9542 to 9526 and the 9445 to 9429 region.
BW Traders can buy at 9457 and hold for higher prices.
MARCH HEATING OIL
Support should appear near 30450 to 30360 and 29900 to 29720. BW Traders can buy at 29970 and risk a close under 29690 for three days in a row.
Resistance should appear near the 30920 to 31020 region. Above that a trade towards 31480 to 31570 is likely.
MARCH UNLEADED GAS
Resistance should appear near the 29720 to 29900 and the 30360 to 30450 region.
Support should appear near 28830 to 28740 and the 28290 to 28200 region.
BW Traders can buy at 28310 and hold for higher prices.
Stay tuned for Flashes
MARCH NATURAL GAS
Resistance should appear at 3319 to 3328 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 1421.0 to 1415.0 and the 1383.0 to 1377.0 region.
Resistance should appear near 1453 to 1459, BW Traders can sell at 1452 3/4 and risk a close over
1459 ¾ for three days in a row. Beyond that sellers should appear near 1484 to 1496
MARCH SOYOIL
Resistance should appear near 5200 to 5211 and 5259 to 5282.
Support should appear near 5139 to 5127 and the 5067 to 5056 region.
MARCH SOYMEAL
Resistance should appear near 423.8 to 424.9 and the 430.40 to 431.50 region.
Support should appear near 418.3 to 416.3 and 412.0 to 411.0.
MARCH CORN
Support should appear 725 ½ to 724 ¼ and the 717 to 714 ¾ region.
Resistance should appear near 732 ¾ to 734 ¼ and the 741 ½ to 742 ¾ region.
MARCH WHEAT
Resistance should appear near 793 ¾ to 795 ½ and 802 ¾ to 804 ½.
Support should appear near 777 ¾ to 776 ¼ and the 751 ¼ to 748 ¾ region. .
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13340 and 13237
Resistance should appear near 13400 to 13460 and 13537
JUNE CATTLE
Support should appear near 12740 to 12680.
Resistance should appear near the 13040 to 13100 region.
FEBRUARY HOGS
Resistance should appear near 8762 to 8777 and the 8857 to 8872 region.
Support should appear near 8667 and 8592 to 8567. BW Traders can buy at 8597 and hold for higher prices.
APRIL HOGS
Support should appear near 8872 to 8857 and the 8777 to 8762 region.
Resistance should appear near 8937 to 8967 and the 9042 to 9062 region. BW Traders can sell at 9037 and risk a close over 9157 for three days in a row.
JUNE HOGS
Support should appear near the 9737 to 9707 and 9642 to 9622.
Resistance should appear near the 9822 to 9837 and 9922 to 9937
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 14840 and the 14590 to 14530 region
Resistance should appear near 15290 to 15350 and the15690 to 15760 region.
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MARCH COCOA
Resistance should appear near 2219 to 2226.
Support should appear near 2134 to 2126
MARCH SUGAR
Resistance is near 1902 to 1909 and 1946 to 1953
Support should appear near 1858 and 1822 to 1807.
MARCH COTTON
Support should appear near 8044 to 8029 and the 7954 to 7939 region.
BW Traders can buy at 7955 and hold for higher prices.
Resistance is near 8194 to 8223 and the 8300 to 8314 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
Monday January 28, 2013
5:15 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 January 29 -2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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