FuturesCom Morning Comments Monday January 23, 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-
Sunday January 22, 2012
4:00 AM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 12,680.00 and 12,530
Resistance should appear near the 12,740.00 and 12,890.00
MARCH E-MINI SP500
Resistance should appear near 1322.00 and 133400 to 1346.00.
Support should appear near 1310.00 to 1304.00
NASDAQ COMPOSITE
Resistance should appear near the 2820.00 to 2829.00 region.
Support should appear near 2775.00 to 2758.00.
MARCH E-MINI NASDAQ 100
Resistance should appear near the 2461.00 to 2469.00 region.
Support should appear near 2419.00 to 2411.00.
MARCH E-MINIi RUSSELL 2000
Resistance should appear near the 793.90 to 795.50 region.
Support should appear near 777.70 to 776.30.
MARCH 30 YR BOND
Resistance should appear near 142-07 and 142-21
Support should appear near 140-21 and 139-07
MARCH 10 YR NOTE
Resistance should appear near 130-21 and 131-07.
Support should appear near 128-21 and 127-07
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 8119 to 8134.
Support should appear near 8029 and 7954 to 7939
MARCH JAPANESE YEN
Resistance should appear near 13040 to 13100.
Support should appear near 12890 and 12740 to 12680.
BW Traders should go short if a close under 12888 occurs.
MARCH EURO CURRENCY
Support should appear near 12740 to 12680.
Resistance should appear near 12965 and 13040 to 13100.
MARCH SWISS FRANC
Resistance should appear near 10737 and 10815
Support should appear near 10680 to 10630 and 10580.
MARCH BRITISH POUND
Support should appear near 15350 to 15290.
Resistance should appear near 15690 to 15760
MARCH CANADIAN DOLLAR
Resistance should appear near the 9921 to 9937 region.
Support should appear near 9737 to 9706.
MARCH AUSSIE DOLLAR
Resistance should appear near 10580 to 10630.
Support should appear near 10320 and 10237. Stay tuned for Forex Flashes.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near the 1689.0 to 1696.0 region.
Support is near 1655 to 1642
MARCH COPPER
Resistance should appear near the 37950 to 38060 region.
Support should appear near 36820 to 36630
MARCH SILVER
Resistance should appear near 3261 to 3270
Support is at 3102 to 3092. Stay tuned for Flashes in Precious Metals.
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 9921 to 9937 and 10021 to 10037.
Support should appear near 9641 to 9625 and 9542 to 9526
MARCH HEATING OIL
Support should appear near the 29370 to 29280 region.
Resistance should appear near 30360 to 30450 and 30920 to 31020
MARCH UNLEADED GAS
Support should appear at 27240 to 27160 and the 26730 to 26630 region BW Traders can buy at 26650 and hold for higher prices. Risk a close under 26100 for three days in a row.
Resistance should appear near 28200 to 28290 and 28740 to 28830.
MARCH NATURAL GAS
Support should appear at 2322 to 2315.
Resistance should appear near 2461 to 2469
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1169 to 1164 and 1136 to 1130.
Resistance should appear near the 1192 to 1203 region.
MARCH SOYMEAL
Resistance should appear near the 314.8 to 315.7 region.
Support should appear near 304.5 to 303.4
MARCH BEAN OIL
Resistance should appear near 5056 to 5067 and 5127 to 5139
Support should appear near 4995 to 4973, a close under is negative and augurs for a test of 4926 to 4915 and eventually 4856 to 4845. Aggressive BW traders can sell if a close under 4971 occurs.
MARCH CORN
Support should appear near the 588 to 585 ½
Resistance should appear near 625 ¾ to 627
MARCH WHEAT
Resistance should appear near 616 ½ to 619 region.
Support should appear near 580 ½ to 579 ¼
Stay tuned for Grain Flashes.
THE LIVELY LIVESTOCK
FEB CATTLE
Support should appear near 12380 to 12320.
Resistance should appear near 12530 and 12680 to 12740
APRIL CATTLE
Support should appear near 12740 to 12680 and 12530
Resistance should appear near 12890 and the 13040 to 13100 region.
FEB HOGS
Support should appear near 8502 to 8482 and the 8407 to 8392 region.
Resistance should appear near the 8557 to 8592 and the 8667 to 8682 region
APRIL HOGS
Support should appear near 8682 to 8667 and 8592 to 8557.
Resistance should appear near 8762 to 8777 and the 8852 to 8872 region. Beyond that sellers should appear near 8932 to 8967. BW Traders can sell at 8917 and hold for lower prices.
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 22260 to 22190, a close under is negative and augurs for a test 21850 to 21700 and the 21340 to 21260 region.
Resistance should appear near 22670 to 22750, an extended trade above is friendly for a test of 23150 to 23220. Beyond that sellers should appear near 23540 to 23700. BW Traders can sell at 23500 and hold for lower prices. Trade accordingly and stay tuned for flashes.
MARCH COCOA
Resistance should appear near 2267 to 2275 and 2315 to 2322
Support should appear near 2185 to 2170 and the 2080 to 2089 region.
MARCH SUGAR
Support is at the 2370 to 2354
Resistance should appear near 2511 to 2519.
MARCH COTTON
Resistance should appear near the10021 to10037 region.
Support should appear 9641 to 9625
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Sunday January 22, 2012
7:00 AM 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 Monday January 23, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
FuturesCom Investment Publications 1- 772-236-9294
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