FuturesCom Morning Comments Tuesday January 24, 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-
Monday January 23, 2012
1:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 12,680.00 and 12,530
Resistance should appear near the 12,740.00 and 12,890.00
MARCH E-MINI SP500
Resistance should appear near 1322.00 and 133400 to 1346.00.
Support should appear near 1310.00 to 1304.00
NASDAQ COMPOSITE
Resistance should appear near the 2820.00 to 2829.00 region.
Support should appear near 2775.00 to 2758.00.
MARCH E-MINI NASDAQ 100
Resistance should appear near the 2461.00 to 2469.00 region.
Support should appear near 2419.00 to 2411.00.
MARCH E-MINIi RUSSELL 2000
Resistance should appear near 783.60 to 786.40 and the 793.90 to 795.50 region.
Support should appear near 777.70 to 776.30and 76890 to 767.50.
MARCH 30 YR BOND
Resistance should appear near 142-07 and 142-21
Support should appear near 140-21 and 139-07
MARCH 10 YR NOTE
Resistance should appear near 130-21 and 131-07.
Support should appear near 129-21 and 128-07
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 8029 to 8044.
Support should appear near 7954 to 7939
MARCH JAPANESE YEN
Resistance should appear near 13040 to 13100.
Support should appear near 12890 and 12740 to 12680.
BW Traders should go short if a close under 12888 occurs.
MARCH EURO CURRENCY
Support should appear near 12890 and 12740 to 12680.
Resistance should appear near 13040 to 13100.
MARCH SWISS FRANC
Resistance should appear near 10815 then 10890 and 10960 to 11010
Support should appear near 10680 to 10630 and 10580.
MARCH BRITISH POUND
Support should appear near 15350 to 15290.
Resistance should appear near 15690 to 15760
MARCH CANADIAN DOLLAR
Resistance should appear near the 9921 to 9937 region.
Support should appear near 9737 to 9706.
MARCH AUSSIE DOLLAR
Resistance should appear near 10580 to 10630.
Support should appear near 10470 and 10360 to 10320 Stay tuned for Forex Flashes.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near the 1689.0 to 1696.0 region.
Support is near 1655 to 1642
MARCH COPPER
Resistance should appear near 38580 to 38670.
Support should appear near 36820 to 36630
MARCH SILVER
Resistance should appear near 3261 to 3270
Support is at 3102 to 3092. Stay tuned for Flashes in Precious Metals.
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near 9737 to 9706 and 9641 to 9625
MARCH HEATING OIL
Support should appear near the 29370 to 29280 region.
Resistance should appear near 30360 to 30450 and 30920 to 31020
MARCH UNLEADED GAS
Support should appear at 27240 to 27160 and the 26730 to 26630 region
BW Traders can buy at 26650 and hold for higher prices. Risk a close under 26100 for three days in a row.
Resistance should appear near 28200 to 28290 and 28740 to 28830.
MARCH NATURAL GAS
Support should appear at 2322 to 2315.
Resistance should appear near 2612 to 2620
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1203 to 1192
Resistance should appear near the 1232 to 1238 region.
MARCH SOYMEAL
Resistance should appear near the 326.1 to 327.0
Support should appear near 315.7 to 314.8
MARCH BEAN OIL
Resistance should appear near 5200 to 5211
Support should appear near 5067 to 5056
MARCH CORN
Support should appear near the 588 to 585 ½
Resistance should appear near 625 ¾ to 627
MARCH WHEAT
Resistance should appear near 633 ¾ to 635.
Support should appear near 603 ½ to 602 ¾
Stay tuned for Grain Flashes.
THE LIVELY LIVESTOCK
FEB CATTLE
Support should appear near 12380 to 12320.
Resistance should appear near 12530 and 12680 to 12740
APRIL CATTLE
Support should appear near 12740 to 12680 and 12530
Resistance should appear near 12890 and the 13040 to 13100 region.
FEB HOGS
Support should appear near 8502 to 8482.
Resistance should appear near the the 8667 to 8682 region
APRIL HOGS
Support should appear near 8777 to 8762 and the 8682 to 8667 region.
Resistance should appear near the 8852 to 8872 region. Beyond that sellers should appear near 8932 to 8967.
BW Traders can sell at 8917 and hold for lower prices.
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 21850 to 21700 and the 21340 to 21260 region.
Resistance should appear near 22670 to 22750.
MARCH COCOA
Resistance should appear near 2315 to 2322.
Support should appear near 2185 to 2170.
MARCH SUGAR
Support is at the 2370 to 2354
Resistance should appear near 2511 to 2519.
MARCH COTTON
Resistance should appear near the10021 to10037 region.
Support should appear 9641 to 9625.
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Monday January 23, 2012
2:35 PM South Florida Beach Time
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FuturesCom Morning Comments Tuesday January 24, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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