FuturesCom Bi-Weekly Investment Outlook # 391 Sunday March 11, 2012
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
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-
Saturday March 10, 2012
8:00 PM South Florida Beach Time
Stay tuned for updates and flashes in all markets.
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 12,740.00 to 12,680.00 and 12,530.00.
Resistance should appear near 13,040.00 to 13,100 and cap a rally.
JUNE E-MINI SP500
Resistance should appear near 1377.00 to 1383.00 and the 1415.00 to 1421.00 region
Support should appear near 1361.50 and 1346.00 to 1334.00. A close under is negative and augurs for a test of 1322.00 and the 1310.00 to 1304.00 region, which should contain a decline.
NASDAQ COMPOSITE
Resistance should appear near 2990.00 region. Beyond that sellers should appear near
3036.00 to 3045.00
Support should appear near 2937.00 to 2928.00 and the 2883.00 to 2874.00 region.
JUNE E-MINI NASDAQ 100
Resistance should appear near the 2663.00 to 2672.00 region. Beyond that sellers should appear near 2716.00 to 2724.00.
Support should appear near 2620.00 to 2612.00 and 2568.00 to 2552.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near the 830.00 to 831.40 region. Beyond that sellers should appear near 839.10 to 840.60 and 848.40 to 849.90 and cap a rally
Support should appear near 813.40 to 811.90 and 804.40 to 802.90, below that a test of 795.40 to 793.90 is likely to occur.. Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 141-07 and142-07, beyond that sellers should appear near 142-21 and cap a rally.
Support should appear near 139-21, below that a test of 139-07 and 138-21 is likely.
JUNE 10 YR NOTE
Resistance should appear near 131-07 and the 131-21. Beyond that sellers should appear near
132-07.
Support should appear near 130-07 and 129-21. A close under is negative and augurs
for a test of 129-07.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8119 to 8134
Support should appear near 8044 to 8029 and the 7954 to 7939 region , which should contain a decline.
JUNE JAPANESE YEN
Resistance should appear near 12175 and the 12320 to 12380 region.
BW Traders can sell at 12317 and hold for lower prices.
Support should appear near the 12030 to 11920 region.
JUNE EURO CURRENCY
Support should appear near 13100 to 13040
Resistance should appear near 13220 and the 13340 to 13460 region
JUNE SWISS FRANC
Resistance should appear near 10890 and 10960 to 11010. Traders can sell at 10957 and hold for lower prices.
Support should appear near 10820, a close under is negative and augurs for a test of 10680 to 10580.
JUNE BRITISH POUND
Support should appear near 15525 and the 15350 to 15290 region.
Resistance should appear near 15690 to 15760 and 15917. Traders can sell at 15687 and hold for lower prices.
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136 and 10185.
Support should appear near 10037 to 10021 and 9837 to 9821
JUNE AUSSIE DOLLAR
Resistance should appear near 10580 to 10680. Beyond that sellers should appear near 10820 and 10960 to 11010.
Support should appear near 10360 to 10320.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1731 to 1738 and 1756
Support is near 1696 to 1689 and 1672.
MAY COPPER
Resistance should appear near 39090 to 39290 and the 39820 to 39920 region. Beyond that sellers should appear near 40460 to 40560 and cap a rally.
Support should appear near 38060 to 37950, a close under is negative and augurs for a test of
36820 to 36630 and the 36230 to 36130 region
MAY SILVER
Resistance should appear near 3425 to 3443 and the 3553 to 3563 region
Support is at 3328 to 3319 and the 3213 to 3193 region
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10820 and the 10960 to 11010 region
Support should appear near 10680 to 10580 and the 10360 to 10320 region.
Traders can buy at 10367 for a bounce and hold for higher prices.
APRIL HEATING OIL
Support should appear near 32130 to 31940 and 31020 to 30920.
Resistance should appear near 33190 to 33280 and the 34250 to 34430 region. Beyond that sellers should appear near 36130 to 36230.
APRIL UNLEADED GAS
Support should appear near 32700 to 32610 and 32130 to 31940. Below that buyers should appear near 31570 to 31480.
Resistance should appear near 34250 to 34430 region. Beyond that sellers should appear near 36130 to 36230.
APRIL NATURAL GAS
Support should appear at 2275 to 2267 and 2185 to 2170
Resistance should appear near 2411 to 2419 and 2511 to 2519.
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1334 and the 1310 to 1304 region
Resistance should appear near the 1377 to 1383 and 1453 to 1459
MAY SOYMEAL
Resistance should appear near 373.4 to 374.3 and the 385.8 to 386.7 region
Support should appear near 362.3 to 361.3 and 350.3 to 349.3
MAY BEAN OIL
Resistance should appear near 5553 to 5577 and the 5640 to 5653 region.
Traders can sell at 5552 for a turn lower and risk a close over 5670 for three days in a row.
Support should appear near 5356 to 5344 and 5282 to 5259.
MAY CORN
Support should appear near 635 to 633 ¾ a close under is negative and augurs for a test of
619 to 616 ½ and the 603 ½ to 602 ¼ region.
Resistance should appear near 648 ¼ to 650 ¾, beyond that sellers should appear near 665 ¾ to 667 ¼ and cap a rally.
MAY WHEAT
Resistance should appear near 657 ¾ to 659 ¼ beyond that sellers should appear near 665 ¾ to 667 ¼ and 674 ¾ to 675 ½ and cap a rally. Traders can sell at 674 and risk a close over 687 for three days in a row.
Support should appear near 635 to 633 ¾, failure there is negative and indicates a trade towards the
619 to 616 ½ region.
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 12320 and the 12030 to 11920 region
Resistance should appear near 12530 and the 12680 to 12740 region
APRIL HOGS
Support should appear near 8777 to 8762
Resistance should appear near 9042 to 9062
JUNE HOGS
Support should appear near 9447 to 9422 and the 9347 to 9317 region
Resistance should appear near 9622 to 9642 and the 9707 to 9737 region. .
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near the 18220 to 18080 region, below that a test of 17380 to 17310 and the 16960 to 16890 region is likely.
Resistance should appear near 19020 to 19090 and the 19460 to 19530 region. Traders can sell at 19400 and hold for lower prices.
MAY COCOA
Resistance should appear near 2411 to 2419 and the 2552 to 2568 region. Beyond that sellers should appear near 2612 to 2620. Traders can sell at 2550 and hold for lower prices.
Support should appear near 2275 to 2267 and the 2185 to 2170 region. Below that buyers should appear near 2089 to 2080 and the 1953 to 1946 region.
MAY SUGAR
Support is at the 2322 to 2315, failure there is negative and augurs for a test of 2226 to 2219 region.
Resistance should appear near 2411 to 2419 and the 2511 to 519 region.
MAY COTTON
Resistance should appear near 9044 to 9060 then 9140 to 9156 and the 9316 to 9347 region.
Beyond that sellers should appear near 9625 to 9641… Traders can sell at 9620 and hold for lower prices. .
Support should appear 8871 to 8856 region. Below that a test of 8683 to 8668 and the 8314 to 8300 region is likely.
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
Sunday March 11, 2012
6:00 AM South Florida Beach Time
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FuturesCom Bi-Weekly Investment Outlook # 391 March 11, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs FuturesCom Investment Publications 1- 772-236-9294 Terms of Use and Agreement https://www.futurescom.com/policies.html FuturesCom Investment Publications © 2012 All Rights Reserved.