FuturesCom Morning Investment Comments Wednesday March 14, 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-
2:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 13,100 to 13,040.00 and 12,890.000.
Resistance should appear 13,220.00 and the 13,340.00 to 13,460.00 region
JUNE E-MINI SP500
Resistance should appear near 1399.00 and 1415.00 to 1421.00
Support should appear near 1383.00 to 1377.00 and 1361.50.
NASDAQ COMPOSITE
Resistance should appear near 3036.00 to 3045.00.
Support should appear near 2937.00 to 2928.00.
JUNE E-MINI NASDAQ 100
Resistance should appear near the 2716.00 to 2724 region
Support should appear near 2672.00 to 2663.
JUNE E-MINI RUSSELL 2000
Resistance should appear near the 830.00 to 831.40 region.
Support should appear near 804.40 to 802.90.
JUNE 30 YR BOND
Resistance should appear near 139-21 and 140-07
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 129-07 and 128-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8119 to 8134
Support should appear near 8044 to 8029
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 12030 to 11920 region.
JUNE EURO CURRENCY
Support should appear near 13040 and 12890
Resistance should appear near 13100 then 13160 and 13220.
JUNE SWISS FRANC
Resistance should appear near 10890 and 10960 to 11010.
BW Traders can sell at 10957 and hold for lower rices.
Support should appear near 10820 and the 10680 to 10580 region.
JUNE BRITISH POUND
Support should appear near 15525 and the 15350 to 15290 region.
Resistance should appear near 15690 to 15760 and 15847
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 and 10237
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1689.0 to 1696.0 and 1713.5
Support is near 1672.0 and the 1655.0 to 1642.0 region
MAY COPPER
Resistance should appear near 39090 to 39290 and 39820 to 39920
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 10737 then 10820 and 10960 to 11010
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
Resistance should appear near 33190 to 33250
APRIL UNLEADED GAS
Support should appear near 33280 to 33190 and 32700 to 32610
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 2354 to 2370
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1346 to 1334 and 1322
Resistance should appear near the 1377 to 1383
MAY SOYMEAL
Resistance should appear near 373.4 to 374.3
Support should appear near 356.3 to 355.3
MAY BEAN OIL
Resistance should appear near 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 5430 to 5418 and 5356 to 5344
MAY CORN
Support should appear near 650 ¾ to 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 12380 to 12320
Resistance should appear near 12530 and the 12680 to 12740 region
APRIL HOGS
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance should appear near 8762 to 8777 and 8857 to 8872
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
Tuesday March 13, 2012
3:00 PM South Florida Beach Time
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FuturesCom Morning Comments Wednesday March 14, 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.