Morning Investment Comments Wednesday February 1, 2012
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it.
If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan –
Wednesday February 1, 2012 12:00 AM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 12,530.00 and the 12,360.00 to 12,320.00 region.
Resistance should appear near 12,680.00 to 12,740.00 and 12,890.00.
MARCH E-MINI SP500
Resistance should appear near 1310.00 and 1322.00
Support should appear near 1304.00 and 1289.00
NASDAQ COMPOSITE
Resistance should appear near 2820.00 to 2829.00 and the 2874.00 to 2883.00 region.
Support should appear near 2775.00 to 2758.00.
MARCH E-MINI NASDAQ 100
Resistance should appear near 2469 and 2511.00 to 2519.00 region
Support should appear near 2419.00 to 2411.00
MARCH E-MINI RUSSELL 2000
Resistance should appear near 793.90 to 795.40 and 802.90 to 804.40.
Support should appear near 786.40 to 783.60 and 777.70 to 776.30
MARCH 30 YR BOND
Resistance should appear near 145-21 and 146-07.
Support should appear near 144-21 and 144-07.
MARCH 10 YR NOTE
Resistance should appear near 132-21 region.
Support should appear near 131-21 and 130-07
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 7991 and 8029 to 8044
Support should appear near 7939 and 7864 to 7836
BW Traders should consider going long if a close over 7957 occurs. .
MARCH JAPANESE YEN
Resistance should appear near 13160 and 13220.
Support should appear near 13100 to 13040
MARCH EURO CURRENCY
Support should appear near 13040 then 12965 and 12890
Resistance should appear near 13100 then 13160 and 13220
BW Traders should go short if a close under 13070 occurs.
MARCH SWISS FRANC
Resistance should appear near 10890 and 10960 to11010.
Support should appear near 10820 and 10750.
MARCH BRITISH POUND
Support should appear near 15690 and 15525
Resistance should appear near 15760 and 15817
MARCH CANADIAN DOLLAR
Resistance should appear near 10021 to 10037 and 10104 to 10136.
BW Traders can sell at 10101 and hold for lower prices…
Support should appear near 9837 to 9821
MARCH AUSSIE DOLLAR
Resistance should appear near 10580 to 10680.
Support should appear near 10470 and 10360 to 10320.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1756 and 1774 to 1780
Support is near 1731, a close under augurs for a test of 1713.5 and the1696 to 1689 region. .
MARCH COPPER
Resistance should appear near 37950 to 38060 and 39090 to 39290
Support should appear near 37430 to 37340 and 36820 to 36630
MARCH SILVER
Resistance should appear near 3377 to 3386 and 3425 to 3443
Support is at 3270 to 3261 and the 3157 to 3148 region.
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 9921 to 9937 and 10104 to 10136
Support should appear near 9837 to 9821 and 9737 to 9706
MARCH HEATING OIL
Support should appear near 29900 to 29720 and the 28830 to 28740 region.
Resistance should appear near 30920 to 31020 and the 31480 to 31570 region.
MARCH UNLEADED GAS
Support should appear near 28290 to 28200.
BW Traders can buy at 28300 and hold for higher prices.
Resistance should appear near 29720 to 29900 and 30360 to 30450.
MARCH NATURAL GAS
Support should appear at 2419 to 2411 and 2322 to 2315.
Resistance should appear near 2519 to 2511 and 2612 to 2620 .
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1203 to 1191.
Resistance should appear near 1232 to 1238.
MARCH SOYMEAL
Resistance should appear near 326.1 to 327.0.
Support should appear near 310.2 to 309.2.
MARCH BEAN OIL
Resistance should appear near 5200 to 5211
Support should appear near 4995 to 4973
MARCH CORN
Support should appear near 635 to 633 ¾ a
Resistance should appear near 657 ¾ to 659 ¾
MARCH WHEAT
Resistance should appear near 680 ¾ to 683 ¾
Support should appear near 635 to 633 ¾
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 12740 to 12680.
Resistance should appear near 12890 and the 13040 to 13100 region.
APRIL HOGS
Support should appear near 8872 to 8852
Resistance should appear near 8967 and 9042 to 9062
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near the 21340 to 21260 and 20890 to 20800
Resistance should appear near 21700 to 21850 and the 22190 to 2260 region.
MARCH COCOA
Resistance should appear near 2354 to 2370
Support should appear near 2226 to 2219 region.
MARCH SUGAR
Support is at the 2322 to 2315
Resistance should appear near 2411 to 2419
MARCH COTTON
Resistance should appear near 9526 to 9542 and 9625 to 9641
Support should appear 9347 to 9316 and 9156 to 9140
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Wednesday February 1, 2012
1:00 AM South Florida Beach Time
FuturesCom Investment Publications 1- 772-236-9294
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FuturesCom Morning Comments Wednesday February 01, 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