FuturesCom Morning Investment Comments Friday March 02, 2012
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
Courage in a Speculator is merely confidence to act on the decision of his mind
Thursday March 1, 2012
1:30 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 12,740.00 to 12,680.00 and 12,530.00.
Resistance should appear near 13,040.00 to 13,100 and cap a rally.
MARCH E-MINI SP500
Resistance should appear near the 1377.00 to 1383.00 and the 1415.00 to 1421.00 region
Support should appear near 1361.50 and 1346.00 to 1334.00
NASDAQ COMPOSITE
Resistance should appear near the 3036.00 to 3045.00 region.
Support should appear near 2990.00 to 2972.00 and 2937.00 to 2928.00
MARCH E-MINI NASDAQ 100
Resistance should appear near the 2663.00 to 2672.00 region.
Support should appear near 2620.00 to 2612.00 and 2568.00 to 2552.
MARCH E-MINI RUSSELL 2000
Resistance should appear near 822.30 and the 830.00 to 831.40 region.
Support should appear near 813.40 to 811.90 and 804.40 to 802.90,
JUNE 30 YR BOND
Resistance should appear near 141-07, beyond that sellers should appear near 141-21
Support should appear near 140-07 and 139-21 which should hold.
JUNE 10 YR NOTE
Resistance should appear near 130-21 and 131-07.
Support should appear near 130-07 and 129-21
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 7939 to 7954
Support should appear near the 7864 to 7836
MARCH JAPANESE YEN
Resistance should appear near 12380 and 12455.
Support should appear near the 12320 and 12165
MARCH EURO CURRENCY
Support should appear near 13265 and 13220
Resistance should appear near 13340 then 13400 and 13460
MARCH SWISS FRANC
Resistance should appear near 11087 and 11155
Support should appear near 11010 to 10960
MARCH BRITISH POUND
Support should appear near 15760 to 15690.
Resistance should appear near the 16090 to 16150 region, which should cap a rally.
MARCH CANADIAN DOLLAR
Resistance should appear near 10185 and 10237
Support should appear near 10104 and 10037 to 10021.
MARCH AUSSIE DOLLAR
Resistance should appear near 10820 and 10960 to 11010.
Support should appear near 10680 to10580.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1731 to 1738 and 1756
Support is near 1696 to 1689 and 1655 to 1642
MAY COPPER
Resistance should appear near 39820 to 39920
Support should appear near 38670 to 38580
MAY SILVER
Resistance should appear near 3613 to 3623
Support is at 3386 to 3377
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10960 to 11010 and 11300 to 11360
Support should appear near 10680 to 10580 then 10470 and the 10360 to 10320 region, BW Traders can buy at 10370 and risk a close under 10101 for three days in a row.
APRIL HEATING OIL
Support should appear near 31020 to 30920.
Resistance should appear near 32610 to 32700 and 33190 to 33280
APRIL UNLEADED GAS
Support should appear near 32700 to 32610 and 32130 to 31940
Resistance should appear near 33770 to 33860
APRIL NATURAL GAS
Support should appear at 2419 to 2410
Resistance should appear near 2716 to 2724.
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1310 to 1304
Resistance should appear near 1334 to 1346
MAY SOYMEAL
Resistance should appear near 361.3 to 362.3
Support should appear near 344.3 to 342.5
MAY BEAN OIL
Resistance should appear near 5553 to 5577 and the 5460 to 5653 region.
BW Traders can sell at 5552 for a turn lower and risk a close over 5670 for three days in a row.
Support should appear near 5418 and 5356 to 5344
MAY CORN
Support should appear near 643 to 641 ¾
Resistance should appear near 665 ¾ to 667 ¼.
MAY WHEAT
Resistance should appear near 674 ¾ to 675 ½ and 680 ¾ to 683 ¾
Support should appear near 650 ¾ to 684 ¼ and 643 to 641 ¾
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13040 and 12890
Resistance should appear near 13100 and 13165
APRIL HOGS
Support should appear near 8967 to 8932
Resistance should appear near 9137 to 9157
JUNE HOGS
Support should appear near 9837 to 9822.
Resistance should appear near 10022 to 10037
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near the 19960 to 19820
Resistance should appear near 20800 to 20890
MAY COCOA
Resistance should appear near 2411 to 2419 and the 2552 to 2568 region. .
Support should appear near 2322 to 2315 and 2275 to 2267
MAY SUGAR
Support is at the 2419 to 2411 region.
Resistance should appear near 2552 to 2568 .
MAY COTTON
Resistance should appear near the 9140 to 9156 and 9316 to 9347 region.
BW Traders can sell at 9315 and hold for lower prices. .
Support should appear 8964 to 8934 and 8871 to 8856
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Thursday March 01, 2012
2:35 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 RELAIBLE 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 Morning Comments Friday March 2, 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.
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