FuturesCom Morning Investment Comments Tuesday March 13, 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-
Monday March 12, 2012
2:30 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.
JUNE E-MINI SP500
Resistance should appear near 1377.00 to 1383.00
Support should appear near 1361.50 and 1346.00 to 1334.00.
NASDAQ COMPOSITE
Resistance should appear near 3036.00 to 3045.00.
Support should appear near 2937.00 to 2928.00.
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JUNE E-MINI NASDAQ 100
Resistance should appear near the 2663.00 to 2672.00 region.
Support should appear near 2620.00 to 2612.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 819.40 to 822.30 and the 830.00 to 831.40 region.
Support should appear near 804.40 to 802.90, below that a test of 795.40 to 793.90 is likely to occur.. Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 141-07 and 142-07.
Support should appear near 139-21, below that a test of 139-07 is likely.
JUNE 10 YR NOTE
Resistance should appear near 131-07 and the 131-21.
Support should appear near 130-07 and 129-21.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8044 and 8119 to 8134
Support should appear near 8029 and the 7954 to 7939 region , which should contain a decline.
JUNE JAPANESE YEN
Resistance should appear near 12175 and the 12320 to 12380 region.
BW Traders can sell at 12317 and hold for lower prices.
Support should appear near the 12107 and the 12030 to 11920 region.
JUNE EURO CURRENCY
Support should appear near 13100 to 13040
Resistance should appear near 13220 and the 13340 to 13460 region
JUNE SWISS FRANC
Resistance should appear near 10960 to 11010. BW Traders can sell at 10957
and hold for lower rices.
Support should appear near 10890 and 10820
JUNE BRITISH POUND
Support should appear near 15525 and the 15350 to 15290 region.
Resistance should appear near 15690 to 15760 and 15917.
BW Traders can sell at 15687 and hold for lower prices.
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136.
Support should appear near 10037 to 10021 and 9937 to 921
JUNE AUSSIE DOLLAR
Resistance should appear near 10580 to 10680.
Support should appear near 10360 to 10320.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1713.5 and 1731 to 1738
Support is near 1696 to 1689 and 1672.
MAY COPPER
Resistance should appear near 38580 to 38670 and 39090 to 39290
Support should appear near 38060 to 37950 and 37430 to 37340
MAY SILVER
Resistance should appear near 3425 to 3443 and the 3553 to 3563 region
Support is at 3328 to 3319 and the 3213 to 3193 region
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10680 then 10737 and 10820
Support should appear near 10580 then 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 32130 to 31940 and 31020 to 30920.
Resistance should appear near 33190 to 33280 and the 34250 to 34430 region..
APRIL UNLEADED GAS
Support should appear near 32700 to 32610 and 32130 to 31940.
Resistance should appear near 33770 to 33860 and the 34250 to 34430 region.
APRIL NATURAL GAS
Support should appear at 2185 to 2170
Resistance should appear near 22354 to 2370
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THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1334 and the 1310 to 1304 region
Resistance should appear near the 1377 to 1383 and 1453 to 1459
MAY SOYMEAL
Resistance should appear near 366.3 to 368.2 and 373.4 to 374.3
Support should appear near 356.3 to 355.3 and 350.3 to 349.3
MAY BEAN OIL
Resistance should appear near 5418 to 5430 and 5553 to 5577.
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 5356 to 5344 and 5282 to 5259.
MAY CORN
Support should appear near 650 ¾ top 648 ¾ and 643 to 641 ¾
Resistance should appear near 665 ¾ to 667 ¼ and 674 ¼ to 675 ½
MAY WHEAT
Resistance should appear near 657 ¾ to 659 ¼ beyond that sellers 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 643 to 641 ¾ and 635 to 633 ¾.
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 12320 and the 12030 to 11920 region
Resistance should appear near 12530 and the 12680 to 12740 region
APRIL HOGS
Support should appear near 8682 to 8667
Resistance should appear near 8762 to 8777
JUNE HOGS
Support should appear near 9447 to 9422
Resistance should appear near 9622 to 9642.
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near the 18220 to 18080 region
Resistance should appear near 19020 to 19090.
MAY COCOA
Resistance should appear near 2411 to 2419 and the 2552 to 2568 region.
BW Traders can sell at 2550 and hold for lower prices.
Support should appear near 2322 to 2315 and 2275 to 2267.
MAY SUGAR
Support is at the 2322 to 2315
Resistance should appear near 2411 to 2419
MAY COTTON
Resistance should appear near 9044 to 9060.
Support should appear 8683 to 8668.
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
Monday March 12, 2012
3:45 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 Tuesday March 13, 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.