FuturesCom Morning Investment Comments Thursday March 08, 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
Wednesday March 7, 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 region.
Resistance should appear near 12890.00 and the 13,040.00 to 13,100 region. .
JUNE MARCH E-MINI SP500
Resistance should appear near 1346.00 and 1361.50.
Support should appear near 1340.00 to 1334.00.
NASDAQ COMPOSITE
Resistance should appear near 2972.00 to 2990.00.
Support should appear near 2883.00 to 2874.00.
JUNE- E-MINI NASDAQ 100
Resistance should appear near 2612.00 to 2620.00 and the 2663.00 to 2672.00 region
Support should appear near the 2568.00 to 2552.00 region. .
JUNE 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
JUNE 30 YR BOND
Resistance should appear near 142-07 and 142-21
Support should appear near 141-21 and 141-07 which should hold.
JUNE 10 YR NOTE
Resistance should appear near 131-21 and 132-07
Support should appear near 131-07 and 130-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8044, a close over is friendly and augurs for a test of 8119 to 8134
Support should appear near the 7954 to 7934
JUNE JAPANESE YEN
Resistance should appear near 12380 then 12465 and 12530
Support should appear near 12320 and 12237
JUNE EURO CURRENCY
Support should appear near 13100 to 13040
Resistance should appear near 13160 and 13220.
JUNE SWISS FRANC
Resistance should appear near 10960 to 11010
Support should appear near 10890 and 10820
JUNE BRITISH POUND
Support should appear near 15690 then 15617 and 15525
Resistance should appear near 15760 and 15840.
JUNE CANADIAN DOLLAR
Resistance should appear near 10021 to 10037
Support should appear near 9937 to 9921
JUNE AUSSIE DOLLAR
Resistance should appear near 10470 and 10580 to 10630
Support should appear near 10360 to 10320 region.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1689 to 1696
Support is near 1655 to 1642.
MAY COPPER
Resistance should appear near 37950 to 38060
Support should appear near 36820 to 36630
MAY SILVER
Resistance should appear near 3377 to 3386
Support is at 3270 to 3261
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10630 to 10680 and 10750
Support should appear near 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 31570 to 31480 and 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 33190 to 33280 and 33770 to 33860
APRIL NATURAL GAS
Support should appear at 2275 to 2268
Resistance should appear near 2461 to 2469.
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1322 and 1310 to 1304
Resistance should appear near 1334 to 1346
MAY SOYMEAL
Resistance should appear near 366.3 to 368.2 and 373.4 to 374.3
Support should appear near 362.3 to 361.3 and 356.3 to 355.3
MAY BEAN OIL
Resistance should appear near 5344 to 5356 and 5418 to 5430
Support should appear near 5282 to 5259 and 5211 to 5200
MAY CORN
Support should appear near 635 to 633 3/4 and 619 to 616 ½
Resistance should appear near 641 ¾ to 643 and 648 ¾ to 650 3/4
MAY WHEAT
Resistance should appear near 648 ¼ to 650 ¾
Support should appear near 627 to 625 ¾
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 12530 and 12380 to 12320
Resistance should appear near 12680 to 12740
APRIL HOGS
Support should appear near 8682 to 8667 and the 8592 to 8557 region.
Resistance should appear near 8762 to 8777 and 8857 to 8872
JUNE HOGS
Support should appear near 9542 to 9527 and 9447 to 9427.
Resistance should appear near 9627 to 9642 and 9707 to 9737
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 18650 to 18580 and 18220 to 18080
Resistance should appear near 19020 to 19090 and 19460 to 19530
MAY COCOA
Resistance should appear near 2354 to 2370 and 2411 to 2419.
Support should appear near 2275 to 2267 and 2226 to 2219
MAY SUGAR
Support is at the 2370 to 2354 and 2322 to 2315.
Resistance should appear near 2411 to 2419 and 2461 to 2469
MAY COTTON
Resistance should appear near 9044 to 9060 and 9140 to 9156
Support should appear 8964 to 8934 and 8777 to 8762
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Wednesday March 07, 2012
2:30 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 Thursday March 8, 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.