FuturesCom  Morning Investment Comments  Tuesday November 20, 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

Monday November 19, 2012
3:30 PM South Florida Beach Time

“Observation. Experience, memory and mathematics- These are what a successful trader must depend on. 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-

 

                                          THE SENSATIONAL STOCK AND BOND MARKET

 

DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,740.00 to 12,680.00 and the 12,380.00 to 12,320.00 region. Resistance should appear near 12,890.00 beyond that sellers should appear near the 13,100.00 to 13,040.00 region and cap a rally,

 

DECEMBER E-MINI SP500
Resistance should appear near 1399. Beyond that sellers should appear near the 1415.00 to 1421.00 region.
Support should appear near 1383.00 to 1377.00, a close under is negative and augurs for a test of 1361.50

 

NASDAQ COMPOSITE
Resistance should appear near 2928.00 to 2937.00 and the 2972.00 to 2900.00 region.
Support should appear near 2883.00 to 2874.00 and 2829.00 to 2820.00.

 

DECEMBER E-MINI NASDAQ 100
Support should appear near 2568.00 to 2552.00 and the 2519.00 to 2511.00 region.
Resistance should appear near 2612.00 to 2620.00 which should cap a rally.  Beyond that sellers should appear near 2662.00 to 2673.00.

 

DECEMBER E-MINI RUSSELL 2000

Resistance should appear near 793.90 to 795.40 and the 802.90 to 804.40 region
Support should appear near the 786.40 to 783.60 and the 777.70 to 776.30 region .

 

MARCH 30 YR BOND
Resistance should appear near 150-21 and 151-07.

Support should appear near 149-21 and 149-07.

MARCH 10 YR NOTE
Resistance should appear near 134-07 and 134-21.
Support should appear near 133-07 and 132-21.
       

 

                                   THE FRENZIED FOREX FRONT

 

DECEMBER DOLLAR INDEX
Resistance should appear near 819 to 8134.
Support should appear near 8044 to 8029.
BW Traders should go long if a close over 8137 occurs.

DECEMBER JAPANESE YEN
Resistance should appear near 12320 to 12380 and 12530. BW Traders can sell at 12527 and hold for lower prices…
Support should appear near 12247 and 12177.
Aggressive BW Traders should consider going short if a close under 12247 occurs.

Stay tuned for flashes

DECEMBER EURO CURRENCY
Support remains near the 12740 to 12680 region.
Resistance should appear near 12890 and 12967.
BW Traders can sell at 12887 and risk a close over 12967 for three days in a row.

DECEMBER SWISS FRANC
Resistance should appear near 10680 and 10737.
Support should appear near 10580 and 10470.

 

DECEMBER BRITISH POUND
Support should appear near the 15760 to 15690 region.  BW Traders can buy at 15770 and risk a close under 15687 for three days in a row.
Resistance should appear near 15927 and 16017. Beyond that 16090 to 16150 should cap a rally.

 

 

DECEMBER CANADIAN DOLLAR
Resistance should appear near 10037 and 10104 to 10136.
Support should appear near 9937 to 9921.

DECEMBER AUSSIE DOLLAR
Resistance should appear near 10412 and 10470 and cap a rally.
Support should appear near 10360 to 10320.

Trade Accordingly and stay tuned for Forex Flashes ….

 

 

            THE PRECIOUS METALS

FEBRUARY GOLD
Resistance should appear near 1756.0 and the 1774.0 to 1780.0 region.
Support is near 1731.0 and the 1696.00 to 1689.00 region.

MARCH COPPER
Resistance should appear near the 35530 to 35630 region. Beyond that sellers should appear 36130 to 36230 and cap a rally.
Support should appear near 35030 to 34930 and 34430 to 34250

MARCH SILVER
Resistance should appear near the 3377 to 3386 region. Beyond that sellers should appear near
3425 to 3443 and cap a rally.
Support is at 3270 to 3261 and 3213 to 3194.
THE EXCITING ENERGIES
JANUARY CRUDE OIL
Resistance should appear near 8934 to 8964 and the 9044 to 9060 region.
Support should appear near 8871 to 8856 and 8777 to 8762.

JANUARY HEATING OIL
Support should appear near 30450 to 30360.
Resistance should appear near 30920 to 31020 and 31480 to 31570.

JANUARY UNLEADED GAS
Resistance should appear near 27580 to 27750 and the 28200 to 28290 region.

Support should appear near 26720 to 26630 and 26200 to 26120

JANUARY NATURAL GAS
Resistance should appear at 3982 to 3992 and 4046 to 4056.
Support should appear near 3806 to 3795 and 3743 to 3734.

 

 

THE GRANDE’ GRAINS

 

JANUARY SOYBEANS
Support should appear near 1383 to 1377 and the 1346 to 1334.
Resistance should appear near 1415 to 1421 and the 1453 to 1459 region.

DECEMBER SOYOIL
Resistance should appear near 4845 to 4856 region.
Support should appear near 4717 to 4695.

 

DECEMBER SOYMEAL
Resistance should appear near 430.4 to 431.5 and 437.0 to 431.5
Support should appear near 418.3 to 416.3 and the 412.0 to 411.0 region.

 

MARCH CORN
Support should appear near 742 ¾ to 741 ½ and 734 ¼ to 732 ¾
Resistance should appear near 748 ¾ to 751 ¾ and 748 ¾ to 751 ¼

MARCH WHEAT
Resistance should appear near 876 ½ to 877 ¾ and 885 ¾ to 887 ¼ which should cap a rally.
BW Traders can sell at 876 and hold for lower prices, risk a close over 888 for three days in a row.

Support should appear near 849 ¾ to 848 ½… Below that buyers should appear near 831 ½ to 830.

THE LIVELY LIVESTOCK
DECEMBER CATTLE

Support should appear near 12617 and 12530.
Resistance should appear near 12680 to 12740

 

FEBRUARY CATTLE

Support should appear near 12967 and 12892
Resistance should appear near 13040 to 13100

DECEMBER HOGS

Support should appear near 822 and the 8047 to 8027 region.
Resistance should appear 8192 to 8223 and the 8300 to 8317 region.

FEBRUARY HOGS

Resistance should appear near 8772 to 8777 and the 8867 to 8887 region.

Support should appear near 8682 to 8667 and 8592 to 8562 region.
Aggressive Traders should go short if a close under 8557 occurs.

 

 

 

 

 

 

 

 

THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 15350 to 15290.
Resistance should appear near 16090 to 16150

 

MARCH COCOA
Resistance should appear near 2511 to 2519 region
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, beyond that 2080 to 2089 should cap a rally.

MARCH COTTON
Support should appear near 7170 to 7143 and the 7088 to 7074 region.
Resistance is near 7328 to 7342 and 7414 to 7428..
 

                               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 November 19, 2012
4:45 PM ET 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 November 20-2012 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 © 1996-2012 All Rights Reserved