FuturesCom Morning Investment Comments Wednesday March 07, 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

Tuesday March 6, 2012

3:00 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 region. Below that buyers should appear near 12,530.00
Resistance should appear near 12890.00 and the 13,040.00 to 13,100 region. .

MARCH E-MINI SP500
Resistance should appear near 1346.00 and 1361.50.
Support should appear near 1334.00 then 1322.00 and the 1310.00 to 1304.00 region.

NASDAQ COMPOSITE
Resistance should appear near 2928.00 to 2937.00 and 2972.00 to 2990.00.
Support should appear near 2883.00 to 2874.00 and the 2829.00 to 2820.00 region.

MARCH 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. .

 

 

MARCH 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 then 777.70 to 776.30.. below that a test of 768.90 to 767.50 is likely

 

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

MARCH JAPANESE YEN
Resistance should appear near 12380 then 12465 and 12530
Support should appear near 12320 and 12165

MARCH EURO CURRENCY
Support should appear near 13100 to 13040, below that a test of 12965 and 12890 is likely.
Resistance should appear near 13160 and 13220.

MARCH SWISS FRANC
Resistance should appear near 10960 to 11010
Support should appear near 10820 and the 10680 to 10580 region

MARCH 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

MARCH AUSSIE DOLLAR
Resistance should appear near 10580 then 10630 and 10680
Support should appear near 10470 and the 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 3319 to 3328 and 3377 to 3386
Support is at 3213 to 3194 and the 3157 to 3148 region

 

 

THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10580 and 10680
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 32130 to 31940 and the 31570 to 31480 region. BW Traders can buy at 31600 and risk a close under 30920 for three days in a row.

Resistance should appear near 32610 to 32700 and 33190 to 33280

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 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 674 ¾ to 675 ½
Support should appear near 650 ¾ to 684 ¼

 

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 19090 to 19020 and 18650 to 18580
Resistance should appear near 19460 to 19530 and 19820 to 19960

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 2322 to 2315.
Resistance should appear near 2461 to 2469

MAY COTTON
Resistance should appear near 9140 to 9156 and 9316 to 9347
Support should appear 9060 to 9044 and 8964 to 8934

–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Tuesday March 06, 2012
4:30 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 Wednesday  March 7, 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.