Morning Investment Comments  Tuesday February 21, 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

Friday February 17, 2012  2:00 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.
Resistance should appear near the 13,040.00 to 13,100.00 region

MARCH E-MINI SP500
Resistance should appear near 1361.50 and the 1377.00 to 1383.00 region
Support should appear near  1346.00 to 1340.00 and 1334.00

NASDAQ COMPOSITE
Resistance should appear near the 2972.00 to 2990.00 region.
Support should appear near 2937.00 to 2928.00

MARCH E-MINI NASDAQ 100
Resistance should appear near the 2612.00 to 2620.00 region.
Support should appear near 2568.00 to 2552.00

MARCH E-MINI RUSSELL 2000
Resistance should appear near the 830.00 to 831.40 region.
Support should appear near 822.30 to 819.40.

MARCH 30 YR BOND
Resistance should appear near 142-21 and 143-07
Support should appear near 141-21 and 141-07

MARCH 10 YR NOTE
Resistance should appear near 131-07 and 131-21.
Support should appear near 130-07 and 129-21

        THE FRENZIED FOREX FRONT

MARCH DOLLAR INDEX
Resistance should appear near 8029 to 8044.
Support should appear near 7954 to 7939 and 7902.

MARCH JAPANESE YEN
Resistance should appear near 12680 to 12740.
Support should appear near the 12530 and the 12380 to 12320 region.

MARCH EURO CURRENCY
Support should appear near 13100 to 13040
Resistance should appear near 13165 and 13220.

MARCH SWISS FRANC
Resistance should appear near 10890 and 10960 to11010.
Support should appear near 10820, a close under is negative and augurs for a test of 10680 to 10580.

MARCH BRITISH POUND
Support should appear near 15760 to 15690
Resistance should appear near 15842 and 15917

MARCH CANADIAN DOLLAR
Resistance should appear near 10037 and 10104 to 10136
Support should appear near 9937 to 9921.

MARCH AUSSIE DOLLAR
Resistance should appear near 10737 and 10820.
Support should appear near 10680 to 10580 and 10470.
Stay tuned for Flashes

            THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1731.00 to1738 and 1756
Support is near 1713.5 and the1696 to 1689 region.

MAY COPPER
Resistance should appear near 37340 to 37430 and 37950 to 38060
Support should appear near 36820 to 36630 and the 35630 to 35530 region

MAY SILVER
Resistance should appear near 3377 to 3386 and 3425 to 3443
Support is at 3328 to 3319 and the 3157 to 3148 region.
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10470 and 10580 to 10680
Support should appear near 10320 and 10136 to 10104

APRIL HEATING OIL
Support should appear near 31020 to 30920.

Resistance should appear near 32610 to 32730

APRIL UNLEADED GAS
Support should appear at 31570 to 31480 and 31020 to 30920.
Resistance should appear near the 33190 to 33280 region

APRIL NATURAL GAS
Support should appear near 2775 to 2758 and 2568 to 2552
Resistance should appear near the 2928 to 2937 and 3036 to 3045.

THE GRANDE’ GRAINS

MAY SOYBEANS
Support should appear near 1268 and 1238 to 1232
Resistance should appear near 1289 and 1304 to 1310

MAY SOYMEAL
Resistance should appear near near 337.7 to 338.6.
Support should appear near 327.0 to 326.1.

MAY BEAN OIL
Resistance should appear near the 5418 to 5430 region.
Support should appear near 5282 to 5259.

MAY CORN
Support should appear near 635 to 633 ¾ and 627 to 625 ¾
Resistance should appear near 648 ¼ to 650 ¾ and 657 ¾ to 659 ¾ .
MAY WHEAT
Resistance should appear near 657 ¾ to 659 ¼ beyond that sellers should appear near 665 ¾ to 667 ¼ and cap a rally. BW Traders can sell at 665 and risk a close over 677 for three days in a row.
Support should appear near the 619 to 616 ½ region
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13100 to 13040
Resistance should appear near 13340 to 13460

APRIL HOGS
Support should appear near 8957 to 8932 and 8872 to 8857
Resistance should appear near 9032 to 9067 and 9137 to 9157

JUNE HOGS
Support should appear near 9837 to 9822
Resistance should appear near 10022 to 10037.

THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 19960 to 19820 and 19530 to 19460
Resistance should appear near 20340 to 20420 and 20800 to 20890.

MAY COCOA
Resistance should appear near 2461 to 2469
Support should appear near 2226 to 2219

 

MAY SUGAR
Support is at the 2315 to 2315 region.
Resistance should appear near 2411 to 2419

MAY COTTON
Resistance should appear near 9316 to 9347 and 9526 to 9542
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
Friday February 17, 2012
3:00 PM South Florida Beach Time
FuturesCom Investment Publications 1- 772-236-9294
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 Monday  February 21, 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.