FuturesCom  Morning Investment Comments  Tuesday October 23, 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
“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 October 22, 2012
1:30 PM South Florida Beach Time                                     

                                      THE SENSATIONAL STOCK AND BOND MARKET

DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,220.00 and the 13,100.00 to 13,040.00 region..
Resistance should appear near 13,340.00 to 13,460.00

 

DECEMBER E-MINI SP500
Resistance should appear near 1437.00 and the 1453.00 to 1459.00 region.
Support should appear near the 1421.00 to 1415.00 region. Below that a test of 1399.00 and the 1383.00 to 1377.00 is likely.

NASDAQ COMPOSITE
Resistance should appear near 3036.00 to 3045.00. Beyond that sellers should appear near 3092.00 to 3102.00.
Support should appear near 2990.00 to 2972.00 and the 2937.00 to 2928.00 region.

 

 

 

DECEMBER E-MINI NASDAQ 100
Support should appear near 2672 to 2663 and the 2620.00 to 2612.00 region.
Resistance should appear near 2716.00 to 2724.00 and the 2758.00 to 2775.00 region.

 

DECEMBER E-MINI RUSSELL 2000

Resistance should appear near 819.40 to 822.30 and the 830.00 to 831.40 region.
Support should appear near 804.40 to 802.90 region.. Below that a test of 795.40 to 793.90 is likely.

DECEMBER 30 YR BOND
Resistance should appear near 147-21 and 148-07.

Support should appear near 146-21 and 146-07.

DECEMBER 10 YR NOTE
Resistance should appear near 132-07 and 132-21.
Support should appear near 131-21 and 131-07.

        THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 7991and 8029 to 8044..
Support should appear near 7954 to 7939 and 7901.

DECEMBER JAPANESE YEN
Resistance should appear near 12530 and 12607.
Support should appear near 12455 and the 12380 to 12320 region.
DECEMBER EURO CURRENCY
Support should appear near 13040 and 12967, below that buyers should appear near 12890.
Resistance should appear near 13100 and 13167. Bewyond that sellers should appear near 13220

DECEMBER SWISS FRANC
Resistance should appear near 10820. Beyond that sellers should appear near 10960 to 11010.
BW Traders can sell at 10957 and hold for lower prices.
Support should appear near 10757 and the 10680 to 10580 region.

 

DECEMBER BRITISH POUND
Support should appear near 15922, below that a test of the 15760 to 15690 region is likely.
Resistance should appear near 16090 to 16150. BW Traders can sell at 16087 for a turn lower and risk a close over 16157 for three days in a row.

 

DECEMBER CANADIAN DOLLAR
Resistance should appear near 10104 to 10136. BW Traders can sell at 10103 and a risk over close over 10138 for three days in a row.
Support should appear near 10037 to 10021. Below that a test of 9937 to 9921 is likely.

DECEMBER AUSSIE DOLLAR
Resistance should appear near 10320 to 10360 and 10470.
Support should appear near 10237, below that a test of 10185 and the 10136 to 10104 region is likely.

 

 

 

 

            THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near the 1731.00 to 1738.00 and 1757.
Support is near 1696.0 to 1689.0
DECEMBER COPPER
Resistance should appear near 36630 to 36820 and the 37340 to 37430 region.
Support should appear near 35630 to 35520 and the 35030 to 34930 region

DECEMBER SILVER
Resistance should appear near 3261 to 3270 and the 3319 to 3328 region.
Support is at 3213 to 3194, a close under is negative and augurs for a test of 3157 to 3148, below that a test of 3102 to 3092 is likely.

THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Resistance should appear near 8934 to 8964 and 9044 to 9060.
Support should appear near the 8777 to 8762 region. Below that buyers should appear near 8683 to 8668    Trade Accordingly.

DECEMBER HEATING OIL
Support should appear near 30450 to 30360 and 29900 to 29720
Resistance should appear near 30920 to 31020 and 31480 to 31570

DECEMBER UNLEADED GAS
Resistance should appear near 26630 to 26720 and 27160 to 27240.

Support should appear near 26200 to 26120 and the 25680 to 25520 region.
BW Traders can buy at 25700 for a bounce and for higher prices

DECEMBER NATURAL GAS
Resistance should appear at 3858 to 3867 and 3982 to 3992
Support should appear near 3743 to 3734 and 3682 to 3663.

 

 

THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 1535 to 1529 and the 1496 to 1489 region.
Resistance should appear near 1569 to 1576 and the 1609 to 1615 region

DECEMBER SOYMEAL
Resistance should appear near 477.5 to 478.5 and the 484.5 to 485.6 region .
Support should appear near 465.0 to 463.9 and 458.2 to 457.1.

DECEMBER BEAN OIL
Resistance should appear near 5200 to 5211 and the 5259 to 5282 region.
Support should appear near 5067 to 5056, a close under is negative and augurs for a test of 4995 to 4973 and eventually the 4926 to 4915 region.

DECEMBER CORN
Support should appear near 742 ¾ to 741 ¾ and 734 ¼ to 742 ¾.
Resistance should appear near 767 ½ to 768 ¾… Beyond that sellers should appear near 776 ¾ to 777 ¾ and cap a rally.

DECEMBER WHEAT
Resistance should appear near 885 ¾ to 887 ¼ and 904 ½ to 906
Support should appear near 868 ¼ to 866 ¾ and 849 ¾ to 848 ½.
THE LIVELY LIVESTOCK

DECEMBER CATTLE

Support should appear near 12680 and 12530
Resistance should appear near 12740 and 12890.

 

FEBRUARY CATTLE

Support should appear near 13100 to 13040

Resistance should appear near 13220 and the 13340 to 13460 region

 

DECEMBER HOGS

Support should appear near 7777 to 7762 and 7692 to 7672
Resistance should appear near 7937 to 79547 and 8027 to 8047.

FEBRUARY HOGS

Resistance should appear near 8557 to 8592 and 8667 to 8682.

Support should appear near 8407 to 8392 and 8317 to 8302

THE SATISFYING SOFTS
DECEMBER COFFEE
Support should appear near 16150 to 16090 and 15760 to 15690
Resistance should appear near 16420 to 16550 and the16890 to 16960 region.
DECEMBER COCOA
Resistance should appear near 2511 to 2519 and the 2552 to 2568 region.
Support should appear near 2469 to 2461 and the 2419 to 2411 region

MARCH SUGAR
Support is at 1996 to1982 and 1953 to 1945.
Resistance should appear near 2034 to 2042 and the 2080 to 2089.

DECEMBER COTTON
Support should appear near 7601 to 7587 and 7513 to 7486
Resistance is near 7762 to 7777 and  7836 to 7864.
                              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 October 22, 2012
2:45 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 October 23-2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs

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