FuturesCom Morning Investment Comments Friday March 16, 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-
Thursday March 15, 2012
2:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 13,100 to 13,040.00.
Resistance should appear the 13,340.00 to 13,460.00 region
JUNE E-MINI SP500
Resistance should appear near 1399.00 and 1415.00 to 1421.00
Support should appear near 1383.00 to 1377.00.
NASDAQ COMPOSITE
Resistance should appear near 3092.00 to 3102.00.
Support should appear near 2990.00 to 2972.00.
JUNE E-MINI NASDAQ 100
Resistance should appear near the 2716.00 to 2724 region
Support should appear near 2672.00 to 2663.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 830.00 to 831.40.
Support should appear near 813.40 to 811.90.
JUNE 30 YR BOND
Resistance should appear near 137-07 and 138-07
Support should appear near 135-07 and 134-21.
JUNE 10 YR NOTE
Resistance should appear near 129-07 and 129-21.
Support should appear near 127-21 and 127-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8119 to 8134
Support should appear near 8044 to 8029
JUNE JAPANESE YEN
Resistance should appear near 12030 and 12175.
Support should appear near 11920 and 11805
JUNE EURO CURRENCY
Support should appear near 13040 and 12890
Resistance should appear near 13165 and 13220
JUNE SWISS FRANC
Resistance should appear near 10890 and 10960 to 11010.
Support should appear near 10820 and the 10680 to 10580 region.
JUNE BRITISH POUND
Support should appear near 15525 and the 15350 to 15290 region.
Resistance should appear near 15690 to 15760 and 15847
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136.
Support should appear near 10037 to 10021
JUNE AUSSIE DOLLAR
Resistance should appear near 10470 and 10580 to 10680.
Support should appear near 10360 to 10320
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1672 and 1689 to 1696
Support is near 1655 to 1642 and 1615 to 1609
MAY COPPER
Resistance should appear near 39090 to 39290 and 39820 to 39920
Support should appear near 38060 to 37950 and 37430 to 37340
MAY SILVER
Resistance should appear near 3319 to 3328 and 3377 to 3386
Support is at 3213 to 3194 and 3157 to 3148
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10580 to 10680
Support should appear near 10470 and the 10360 to 10320 region.
BW Traders can buy at 10367 for a bounce and hold for higher prices.
APRIL HEATING OIL
Support should appear near 31570 to 31480
Resistance should appear near 32610 to 32700
APRIL UNLEADED GAS
Support should appear near 32700 to 32610 and 32130 to 31940
Resistance should appear near 33190 to 33280 and 33770 to 33860.
APRIL NATURAL GAS
Support should appear at 2185 to 2170
Resistance should appear near 2354 to 2370
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1346 to 1334 and 1322
Resistance should appear near the 1377 to 1383
MAY SOYMEAL
Resistance should appear near 373.4 to 374.3
Support should appear near 368.2 to 366.3
MAY BEAN OIL
Resistance should appear near 5553 to 5577 and 5640 to 5653
Support should appear near 5504 to 5492 and 5430 to 5418
MAY CORN
Support should appear near 659 ¼ to 657 ¼ and 650 ¾ to 648 ¾
Resistance should appear near 674 ¼ to 675 ½ and 680 ¾ to 683 ¾
MAY WHEAT
Resistance should appear near 665 ¾ to 667 ¼ and 674 ¾ to 675 ½ and cap a rally.
BW Traders can sell at 674 and risk a close over 687 for three days in a row.
Support should appear near 659 ¼ to 657 ¼ and 643 to 641 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 12175 and 12030 to 11920
Resistance should appear near 12320 to 12380
APRIL HOGS
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance should appear near 8762 to 8777 and 8857 to 8872
JUNE HOGS
Support should appear near 9347 to 9317
Resistance should appear near 9522 to 9542
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near the 18220 to 18080
Resistance should appear near 19020 to 19090
MAY COCOA
Resistance should appear near 2315 to 2322
Support should appear near 2185 to 2170
MAY SUGAR
Support is at 2519 toi 2511
Resistance should appear near 2612 to 2620
MAY COTTON
Resistance should appear near 8856 to 8871 and 9044 to 9060.
Support should appear 8683 to 8668 and 8314 to 8300
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
Thursday March 15, 2012
2:45 PM South Florida Beach Time
FuturesCom Investment Publications 1- 772-236-9294
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FuturesCom Morning Comments Friday March 16, 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.