FuturesCom Morning Investment Comments Friday March 30, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
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“There is only one side of the market and it is not the bull side or the bear side, but the right side.” –Jessie Livermore–
Thursday March 29, 2012
9:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUXTRIAL AVERAGE
Support should appear near 13,040.00 and 12,890.00.
Resistance should appear near 13220 and the 13,340.00 to 13,460.00 region .
JUNE E-MINI SP500
Resistance should appear near 1399 and the 1415.00 to 1421.00 region
Support should appear near the 1383.00 to 1377.00 region
NASDAQ COMPOSITE
Resistance should appear near the 3148.00 to 3157.00 region.
Support should appear near 3045.00 to 3036.00
JUNE E-MINI NASDAQ 100
Resistance should appear near the 2820.00 to 2829.00 region
Support should appear near 2724.00 to 2716.00 region
JUNE E-MINI RUSSELL 2000
Resistance should appear near 839.10 to 840.60 and the 848.40 to 849.90 region
Support should appear near 822.30 to 819.40 and 813.40 to 811.90
JUNE 30 YR BOND
Resistance should appear near 139-07 and 139-21
Support should appear near 138-21 and 138-07
JUNE 10 YR NOTE
Resistance should appear near 130-07 and 130-21.
Support should appear near 129-21 and 129-07.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7939 to 7954, a close over is friendly and augurs for a test of the 8029 to 8044 region
Support should appear near 7901 and the 7864 to 7836 region
JUNE JAPANESE YEN
Resistance should appear near 12175 then 12227 the 12320 to 12380 region.
BW Traders can sell at 12312 and hold for lower prices.
Support should appear near the 12030 to 11920 region.
JUNE EURO CURRENCY
Support should appear near 13220 and the 13100 to 13040 region.
Resistance should appear near the 13340 to 13460 region
JUNE SWISS FRANC
Resistance should appear near 11155 and 11300 to 11360
Support should appear near 11010 to 10960
JUNE BRITISH POUND
Support should appear near 15760 to 15690
Resistance should appear near the 16090 to 16150 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 10037 and 10104 to 10136.
Support should appear near 9937 to 9921 and 9837 to 9821
JUNE AUSSIE DOLLAR
Resistance should appear near 10320 to10360
Support should appear near 10237 and 10185
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1672 and the 1689 to 1696 region
Support is near 1655 to 1642 and 1615 to 1609.
MAY COPPER
Resistance should appear near 38580 to 38670 and 39090 to 39290
Support should appear near 37430 to 37340 and 36820 to 36630
MAY SILVER
Resistance should appear near 3261 to 3270 and 3319 to 3328
Support is at 3213 to 3194 and 3102 to 3092
THE EXCITING ENERGIES
MAY CRUDE OIL
Resistance should appear near 10360 then10470 and the 10580 to 10680 region.
Support should appear near the 10185 and the 10136 to 10104 region.
MAY HEATING OIL
Support should appear near 31570 to 31480.
Resistance should appear near 33190 to 33280.
MAY UNLEADED GAS
Support should appear near 33280 to 33190 and 32700 to 32610
Resistance should appear near 34250 to 34430 and 35530 to 35630.
MAY NATURAL GAS
Support should appear at the 2089 to 2080 region
Resistance should appear near 2219 to 2226
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1346 to 1334
Resistance should appear near 1377 to 1383 and 1399
MAY SOYMEAL
Resistance should appear near 385.8 to 386.7
Support should appear near 374.3 to 373.4
MAY BEAN OIL
Resistance should appear near the 5492 to 5504 region.
Support should appear near 5356 to 5344
MAY CORN
Support should appear near 603 ½ to 602 ¼ and 588 to 585 3/4
Resistance should appear near 616 ½ to 619 and 633 ¾ to 635
MAY WHEAT
Resistance should appear near 633 ¾ to 635
Support should appear near 603 ½ to 602 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11690 to 11640
Resistance should appear near 11920 to 12030
APRIL HOGS
Support should appear near the 8222 to 8192 region
Resistance should appear near 8392 to 8407
JUNE HOGS
Support should appear near 8967 to 8937 and 8872 to 8857
Resistance should appear near 9047 to 9062 and 9137 to 9157
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 17380 to 17310 and 16960 to 16890
Resistance should appear near 17740 to 17800 and 18080 to 18220
MAY COCOA
Resistance should appear near 2315 to 2322
Support should appear near 2185 to 2170
MAY SUGAR
Support is at the 2370 to 2354 region.
Resistance should appear near 2511 to 2519
MAY COTTON
Resistance should appear near the 9316 to 9347 and 9429 to 9445.
Support should appear 9156 to 9140 and 9060 to 9044
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Thursday March 29, 2012
10:00 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 30, 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.