FuturesCom Morning Investment Comments Tuesday March 27, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
“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–
Monday March 26, 2012
2:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 13,100.00 to 13,040.00.
Resistance should appear near 13,340.00 to 13,460.00 and cap a rally.
JUNE E-MINI SP500
Resistance should appear near the 1415.00 to 1421.00 region
Support should appear near 1383.00 to 1377.00.
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 the 848.40 to 849.90 region
Support should appear near 831.40 to 830.00.
JUNE 30 YR BOND
Resistance should appear near 138-07 and 138-21.
Support should appear near 137-07 and 136-21y
JUNE 10 YR NOTE
Resistance should appear near 130-07 and 130-21.
Support should appear near 128-21 and 128-07.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7939 to 7954
Support should appear near the 7864 to 7836 region
JUNE JAPANESE YEN
Resistance should appear near 12175 and 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 11082 and 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 10104 to 10136.
Support should appear near 9937 to 9921
JUNE AUSSIE DOLLAR
Resistance should appear near 10580 to 10680.
Support should appear near 10360 to 10320.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near the 1731 to 1738 region.
Support is near 1672.00 and 1655 to 1642.
MAY COPPER
Resistance should appear near 39090 to 39290 and the 39820 to 39920 region.
Support should appear near 38060 to 37950
MAY SILVER
Resistance should appear near 3319 to 3328
Support is at 3213 to 3193 .
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10820 and the 10960 to 11010 region.
Support should appear near 10680 to 10580 and the 10360 to 10320 region.
BW Traders can buy at 10477 for a bounce and hold for higher prices.
APRIL HEATING OIL
Support should appear near 31570 to 31480.
Resistance should appear near 33190 to 33280.
APRIL UNLEADED GAS
Support should appear near 33280 to 33190
Resistance should appear near 35530 to 35630.
APRIL NATURAL GAS
Support should appear at 2185 to 2170 and the 20890 to 20800 region
Resistance should appear near 23150 to 23220 and the 2411 to 2419 region. .
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1377 and 1346 to 1334
Resistance should appear near the 1399 and 1415
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 5640 to 5653 region.
Support should appear near 5504 to 5492
MAY CORN
Support should appear near 635 to 633 ¾ a close under is negative and augurs for a test of
619 to 616 ½ and the 603 ½ to 602 ¼ region.
Resistance should appear near 648 ¼ to 650 ¾
MAY WHEAT
Resistance should appear near 674 ¾ to 675 ½ and the 680 ¾ to 683 ¾ region
Support should appear near 643 to 641 ¾ and 635 to 633 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 12030 to 11920 region
Resistance should appear near 12175 and 12320 to 12380
APRIL HOGS
Support should appear near 8407 to 8392 and the 8317 to 8302 region
Resistance should appear near 8557 to 8587 and the 8667 to 8682 region
JUNE HOGS
Support should appear near 9157 to 9142, below that a test of 9062 to 9042 is likely.
Resistance should appear near 9317 to 9347 and the 9427 to 9447 region.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near the 17380 to 17310
Resistance should appear near 18080 to 18220. BW Traders can sell at 18070 and hold for lower prices.
MAY COCOA
Resistance should appear near 2411 to 2419. BW Traders can sell at 2411 and hold for lower prices.
Support should appear near 2275 to 2267.
MAY SUGAR
Support is at the 2419 to 2411 region.
Resistance should appear near 2511 to 2519
MAY COTTON
Resistance should appear near 9140 to 9156 and the 9316 to 9347 region.
Support should appear 8871 to 8856 region.
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Monday March 26, 2012
3:00 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 Tuesday March 27, 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.