FuturesCom Bi-Weekly Investment Outlook # 399 Sunday July 1 2012 SP500 and Equity Indices • Bonds • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. Free Two Week Trial see https://futurescom.com/free-trial-2 .
Saturday June 30, 2012
11:00 PM South Florida Beach Time
US Exchanges are closed on July 4th in observance of Independence Day. We will refrain from many nearby recommendations until after the holiday. Stay Tuned for Additional Recommendations.
THE SENSATIONAL STOCK AND BOND MARKETS
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 and the 13,040.00 to 13,100.00 region.
SEPT E-MINI SP500
Resistance should appear near 1377.00 to 1383.00 and the 1415.00 to 1421.00 region
Support should appear near 1346.00 to 1334.00 then 1322.00 and the 1310.00 to 1304.00 region
NASDAQ COMPOSITE
Resistance should appear near 2972.00 to 2990 and the 3036 to 3045 region. Beyond that sellers should appear near 3092 to 3102.00 and cap a rally.
Support should appear near the 2883.00 to 2874.00 and the 2829.00 to 2820 region.
SEPT E-MINI NASDAQ 100
Support should appear near the 2552.00 and the 2519.00 to 2511.00 region. A close under is negative and augurs for a test of the 2469.00 to 2461.00 region
Resistance should appear near 2612.00 to 2629.00 and the 2663.00 to 2672.00 region. Beyond that sellers should appear near 2716.00 to 2724.00 and the 2758.00 to 2775.00 region and cap a rally.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 802.90 to 804.40 and 811.90 to 813.40. Beyond that sellers should appear near 830.00 to 831.40 and cap a rally.
Support should appear near the 777.70 to 776.30 and the 760.10 to 759.70 region. Below that a test of 734.20 to 732.80 is likely. Trade accordingly.
SEPT 30 YR BOND
Resistance should appear near 148-21 and 149-07. Beyond that sellers should appear near 150-07 and 150-21 which should cap a rally.
Support should appear near 147-21 and 147-07, below that buyers should appear near 146-21 and 145-21 which should contain a decline.
SEPT 10 YR NOTE
Resistance should appear near 134-21 and 135-07. Beyond that Sellers should appear near 135-21 and 136-07 which should cap a rally
Support should appear near 132-21 a close under is negative and augurs for a test of 131-07 which should hold for now.
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8300 to 8314 and 8391 to 8406.
Support should appear near 8134 to 8119 and 8044 to 8029.
Traders can buy at 8051 and hold for higher prices…
SEPT JAPANESE YEN
Resistance should appear near 12680 to 12740 and the 13040 to 13100 region.
Support should appear near 12530 and the 12380 to 12320 region.
SEPT EURO CURRENCY
Support should appear near 12530 and the 12380 to 12320 region.
Resistance should appear near 12680 to 12740 then 12890 and the 13040 to 13100 region.
Traders can sell at 12890 and hold for lower prices…
SEPT SWISS FRANC
Resistance should appear near 10580 to 10680 and the 10960 to 11010 region. Aggressive Traders can sell at 10955 for a turn lower and risk a close over 11015 for three days in a row.
Support should appear near 10470 then 10360 to 10320, below that a test of 10135 to 10104 is likely.
SEPT BRITISH POUND
Support should appear near 16007 then 15525 and 15350 to 15290.
Resistance should appear near 15690 to 15760 and 16090 to 16150.
SEPT CANADIAN DOLLAR
Resistance should appear near 9821 to 9837 and the 9921 to 9937 region.
Support should appear near 9737 to 9706, below that a slip towards 9641 to 9625 is likely.
SEPT AUSSIE DOLLAR
Resistance should appear near 10320 to 10360 region.
Traders can sell at 10303 and Hold for lower prices
Support should appear near 10037 to 10021 and 9937 to 9921.
Stay tuned for Flashes ….
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near the1609.00 to 1615 and the 1642 to 1655 region. Beyond that sellers should appear near 1689 to 1696 and the 1731 to 1738 region. Traders can sell at 1687 and hold for lower prices.
Support is near 1576 to 1569. Below that buyers should appear near 1535 to 1529 and the 1496.00 to 1489.00 region.
Traders should not be surprised to see more retests of the downside.
SEPT COPPER
Resistance should appear near 35530 to 35630 and the 36630 to 36820 region.
Support should appear near 34430 to 34250 and the 33280 to 33190 region.
SEPT SILVER
Resistance should appear near 2820.0 to 2829.0 and the 2928 to 2937 region. Beyond that sellers should appear near 2972 to 2990 and 3036 to 3045.
Support is at 2724 to 2716 and the 2620 to 2612
THE EXCITING ENERGIES
AUGUST CRUDE OIL
Resistance should appear near 8560 to 8589. Beyond that a test of 8668 to 8683
and the 8762 to 8777 region is likely.
Support should appear near 8314 to 8300 and 8223 to 8194. Below that buyers should appear near 8044 to 8029 and the 7954 to 7939 region. Traders can buy at 8135 and risk a close under 7935 for three days in a row.
AUGUST HEATING OIL
Support should appear near the 26100 to 26120 region, which should hold, Traders can buy at 26300 for a bounce and risk a close under 25970. Below that buyers should appear near 25680 to 25520 and 24690 to 24610.
Resistance should appear near 27160 to 27240 region… Beyond that sellers should appear near the 28200 to 28290 region which should cap a rally. Trade accordingly
AUGUST UNLEADED GAS
Support should appear near 25680 to 25520 and the 25190 to 25110 region…Traders can buy at 25700 and risk a close under 25100 for three days in a row… Below that buyers should appear near 24690 to 24610.
Resistance should appear near the 27160 to 27240 and the 2800 to 28290 region. Beyond that sellers should appear near 28740 to 28830 and cap a rally
AUGUST NATURAL GAS
Resistance should appear at 2928 to 2937 and 3036 to 3045
Supportshould appear near 2775 to 2758 and 2620 to 2612
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 1421 to 1415 and the 1383 to 1377 region.
Resistance should appear near 1437 and the 1453 to 1459 region.
DECEMBER SOYMEAL
Resistance should appear near 423.8 to 424.9 and 430.4 to 431.5. Beyond that sellers should appear near 437.0 to 438.1 and cap a rally.
Support should appear near 405.6 to 404.6 and the 399.2 to 398.2 region. Below that a buyers should appear near 386.7 to 385.8
DECEMBER BEAN OIL
Support should appear near 5211 to 5200 and the 5139 to 5127 region.
Resistance should appear near 5344 to 5356 and the 5492 to 5504 region.
DECEMBER CORN
Support should appear near 588 to 585 ½ and the 557 ¾ to 555 ¼ region
Resistance should appear near the 657 ¾ to 659 ¼ and the 680 ¾ to 683 ¾ region
DECEMBER WHEAT
Resistance should appear near 802 ¾ to 804 ½ and the 830 to 831 ½ region
Support should appear near 734 ¼ to 732 ¾ and the 683 ¾ to 680 ¾ region.
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 12380 to 12320 and 12187
Traders can buy at 12190 and risk a close under 11910 for three days in a row.
Resistance should appear near 12530 and the 12680 to 12740 region.
OCTOBER HOGS
Support should appear near 8222 to 8192 and the 8047 to 8027 region
Resistance should appear near 8300 to 8317 and the 8482 to 8502 region
DECEMBER HOGS
Support should appear near 7957 to 7932 and the 7867 to 7862 region
Resistance should appear near 8192 to 8222 and the 8300 to 8317 region
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near the16550 to 16420 and the 16150 to 16090 region.
Resistance should appear near 17740 to 17800 and the 18080 to 18220 region.
Traders can sell at 17730 and risk a close over 18250 for three days in a row.
SEPT COCOA
Resistance should appear near 2354 to 2370 and the 2461 to 2469 region
Support should appear near 2226 to 2219 and the 2134 to 2119 region .
OCTOBER SUGAR
Support is at 2042 to 2034 and the 1953 to 1946 region
Resistance should appear near the 2126 to 2134 and the 2219 to 2226 region
DECMBER COTTON
Support should appear near 6836 to 6809 and the 6755 to 6743 region. Below that a test of 6673 to 6659 and eventually the 6350 to 6337 region
Resistance is 7328 to 7342 and the 7763 to 7777 region. Beyond that sellers should appear near 8029 to 8044 and cap a rally.
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 July 01, 2012
11:00 AM South Florida Beach Time
FuturesCom Investment Publications 1- 772-236-9294
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 Bi-Weekly Investment Outlook # 399 Sunday July 1, 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.