FuturesCom  Bi-Weekly Investment Outlook # 402 Sunday August 12 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 .

“The hardest thing to understand in the world is the income tax.”

— Albert Einstein–

Saturday August 11, 2012
10:00 PM South Florida Beach Time

 

                                     THE SENSATIONAL STOCK AND BOND MARKETS

 

DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,100.00 to 13,040 and 12,890.00. Below that a test of the 12,740.00 to 12,680.00 region is likely

Nearby Resistance should appear near 13,220.00, beyond that 13,340.00 to 13,460.00 should cap any rally.

SEPT E-MINI SP500
Resistance should appear near the 1415.00 to 1421.00 and 1437.00. Beyond that 1453.00 to 1459.00 should cap a rally.
Support should appear near 1383.00 to 1377, a close under is negative and augurs for a test of the 1346.00 to 1334.00 region

NASDAQ COMPOSITE
Resistance should appear near 3036.00 to 3045.00 and the 3092.00 to 3102.00 region.
Support should appear near the 2990.00 to 2972.00 and the 2883.00 to 2874.00 region.
SEPT E-MINI NASDAQ 100
Support should appear near the 2672.00 to 2663.00 and 2620.00 to 2612.00
Resistance should appear near 2758.00 to 2775.00 and the 2820.00 to 2829.00 region.

 

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 819.40 to 822.30 and cap a rally.
Support should appear near the 786.50 to 783.60 and the 777.70 to 776.30 region. Below that a test of 751.30 to 748.60 is likely. Trade accordingly.

SEPT 30 YR BOND
Resistance should appear near 149-07 and 149-21. Beyond that a test of 151-07 is likely.

Support should appear near 148-21, below that buyers should appear near 147-21 and 147-07 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.
Support should appear near 133-07 and 132-21, below that buyers should appear near 132-07 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 8223 to 8194 and the 8134 to 8119 region.
Traders can buy at 8167 and risk a close under 8112 for three days in a row.

SEPT JAPANESE YEN
Resistance should appear near 12890 and the 13040 to 13100 region.
Support should appear near 12740 to 12680 and 12530.

 

SEPT EURO CURRENCY
Support should appear near 12247 and 12175… Below that a test of the 12030 to 11920 region is likely.
Resistance should appear near 12320 to 12380 and 12530. Traders can sell at 12521 and Hold for lower prices. Beyond that 12680 to 12740 should cap a rally

SEPT SWISS FRANC
Resistance should appear near 10320 to 10360 and the 10580 to 10680 region

Support should appear near 10135 to 10104 and the 10037 to 10021 region.

SEPT BRITISH POUND
Support should appear near 15525, an extended trade or close under is negative and augurs for a test of the 15350 to 15290 region.
Resistance should appear near 15690 to 15760 and 15922… Beyond that sellers should appear near the 16090 to 16150 region. Traders can sell at 16087 and risk a close over 16170 for three days in a row.

SEPT CANADIAN DOLLAR
Resistance should appear near the 10104 to 10136 and 10185… Beyond that sellers should appear near the 10320 to 10360 region. .
Support should appear near 10037 to 10021region. A close under is negative and augurs for a test of 9937 to 9921.

SEPT AUSSIE DOLLAR
Resistance should appear near 10580 to 10680 and 10820
Support should appear near 10470, a close under is negative and augurs for a test of 10360 to 10320 and the10136 to 10104 region. Traders should go short if a close under 10467 occurs.

Trade accordingly and Stay tuned for Forex Flashes ….

 

            THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near the 1642 to1655 region. Beyond that sellers should appear near the 1689 to 1696 region.
Support is near 1615 to 1609 and 1576 to 1569, below that buyers should appear near 1535 to 1529

 

SEPT COPPER
Resistance should appear near 34250 to 34430 and the 35530 to 35630 region.
Support should appear near the 33860 to 33770 and 33280 to 33190 region.

SEPT SILVER
Resistance should appear near 2820.0 to 2829.0. Beyond that sellers should appear near the 2928 to 2937 region.
Support is at 2724 to 2716 and the 2620 to 2612
THE EXCITING ENERGIES
OCTOBER CRUDE OIL
Resistance should appear near 9316 to 9347 region. Traders can go long if a close over 9352 occurs.
Beyond that a test of 9429 to 9445 and eventually 9526 to 9542 is likely. Above that 9707 to 9737 should cap a rally.
Support should appear near 9156 to 9140 and the 8964 to 8934 region.  Traders can buy at 9161 and risk a close under 8929 for three days in a row. Below that buyers should appear near 8871 to 8856 and contain a decline.

SEPTEMBER HEATING OIL
Support should appear near 29900 to 29730 and 29370 to 29280… Traders can buy at 29720 for a bounce and risk a close under 29270 for three days in a row. Below that buyers should appear near 28830 to 28740.
Resistance should appear near the 30360 to 30450, a close over is friendly and augurs for a test of 30920 to 31020, beyond that sellers should appear near 31480 to 31570.

 

SEPTEMBER UNLEADED GAS
Support should appear near 29370 to 29280. Traders can buy at 29390 for a bounce and risk a close under 29270 for three days in a row. Below that buyers should appear near 28830 to 28740 and the 28290 to 28200 region.

Resistance should appear near the 30360 to 30450, a close over is friendly and augurs for a test of 30920 to 31020, beyond that sellers should appear near 31940 to 32190…
SEPTEMBER NATURAL GAS
Resistance should appear at 2820 to 2829 and the 2926 to 2947 region.
Support should appear near 2672 to 2663 and the 2568 to 2552 region
Stay tuned for Energy Flashes and Updates

 

 

THE GRANDE’ GRAINS

 

NOVEMBER SOYBEANS
Support should appear near 1615 to 1609. Below that a test of and the 1576 to 1569 region is likely.
Resistance should appear near 1655 and the 1689 to 1696 region.  Beyond that sellers should appear near 1731 to 1738 and cap a rally

DECEMBER SOYMEAL
Resistance should appear near 512.7 to 513.9 and 534.4 to 535.6.
Support should appear near 451.4 to 450.3 and the 431.5 to 430.4 region.

 

DECEMBER BEAN OIL
Resistance should appear near 5492 to 5504 and the 5553 to 5577 region
Support should appear near 5356 to 5344 and the 5211 to 5200 region.

 

DECEMBER CORN
Support should appear near 760 ¼ to 759 ¾ and 725 ½ to 724 ¾
Resistance should appear near 830 to 831 ½ and 856 to 858 ¾

DECEMBER WHEAT
Resistance should appear near 931 ¾ to 934 ½ and 970 ¾ to 973 ¾
Support should appear near 887 ¼ to 885 ¾ and the 831 ½ to 830 regions…
 

 

 

 

 

 

 

 

 

 

 

 

THE LIVELY LIVESTOCK

OCTOBER CATTLE
Support should appear near 12380 to 12320 and 12030 to 11920
Resistance should appear near 12680 to 12740 and 12890.

DECEMBER CATTLE

Support should appear near 12740 to 12680 and the 12380 to 12320 region.

Resistance should appear near the13040 to 13100 region

Traders should go long if a close over 12897 occurs.

 

 

OCTOBER HOGS

Support should appear near 75117 to 7487 and the 7342 to 7327 region.

Resistance should appear near 7587 to 7602 , a close over is friendly and augurs for a test of 7672 to 7692 , beyond that sellers should appear near 7762 to 7777 and the 7837 to 7867 region.. Traders can sell at 7832 and hold for lower prices.

 

DECEMBER HOGS

Support should appear near 7257 to 7242 and the 7172 to 7142 region

Resistance should appear near 7412 to 7432; beyond that sellers should appear near 7487 to 7512
Traders can sell at 7487 and hold for lower prices …

 

FEBRUARY HOGS

Support should appear near 8047 to 8027 and the 7957 to 7937 region

Resistance should appear near 8117 to 8137 and the 8302 to 8317 region
Stay tuned for Livestock Flashes and Updates.

 

 

 

 

 

 

 

 

 

 

 

THE SATISFYING SOFTS
DECEMBER COFFEE
Support should appear near the 16890, a close under augurs for a test of 16550 to 16420.
Below that buyers should appear near 16150 to 16090 and contain a decline… Traders can buy at 16175 and risk a close under 16050 for three days in a row.
Resistance should appear near 17740 to 17800 and the 18080 to 18220 region. Traders can sell at 18010 for a turn lower and hold for lower prices.  Beyond that sellers should appear near 18580 to 18650.

DECEMBER COCOA
Resistance should appear near 2511 to 2519 and the 2552 to 2568 region… Beyond that a test of 2612 to 2620 is likely
Support should appear near 2419 to 2411 and the 2370 to 2354 region… Below that a test of 2275 to 2267 is likely… Trade Accordingly.

 

OCTOBER SUGAR
Support is at 2042 to 2034  a close under is negative and augurs for a test of the 1996 to 1982  region
Below that a test of 1953 to 1946 and the 1909 to 1902 region is likely
Resistance should appear near 2080 to 2089 and the 2126 to 2134 region. . Traders can sell at 2121 and hold for lower prices. Beyond that sellers should appear near 2170 to 2185.

DECEMBER COTTON
Support should appear near 7088 to 7074 and 7003 to 6990. Below that a test of 6673 to 6659 is likely 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 August 12, 2012
1:30 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 Bi-Weekly Investment Outlook # 402  Sunday August 12, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs

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