FuturesCom Morning Investment Comments
Wednesday January 18, 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-
Tuesday January 17, 2012 6:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 12,360.00 to 12,320.00
Resistance should appear near 12,530.00 and the 12,680.00 to 12,740.00 region
MARCH E-MINI SP500
Resistance should appear near 1304.00 to 1310.00 and 1322.00
Support should appear near 1274.00 to 1268.00
NASDAQ COMPOSITE
Resistance should appear near the 2758.00 to 2775.00 region
Support should appear near 2672.00 to 2663.00
MARCH E-MINI NASDAQ 100
Resistance should appear near the 2411.00 to 2419.00 and the 2461.00 to 2469.00 region
Support should appear near 2370 to 2354.00 and 2322.00 to 2315.00.
MARCH E-MINIi RUSSELL 2000
Resistance should appear near the 776.30 to 777.70 and the 783.60 to 786.40 region
Support should appear near 760.10 to 759.70 and the 751.30 to 748.60 region..
MARCH 30 YR BOND
Resistance should appear near 145-07 then 145-21 and 146-07.
Support should appear near 144-07 and 143-21.
MARCH 10 YR NOTE
Resistance should appear near 132-07 and 132-21
Support should appear near 130-21. Below that buyers should appear near 129-21.
THE FRENZIED FOREX FRONTt
MARCH DOLLAR iNDEX
Resistance should appear near 8194 to 8223 a close over is friendly and augurs
for a test of 8300 to 8314.
Support should appear near 8134 to 8119 and 8044 to 8029
MARCH JAPANESE YEN
Resistance should appear near 13040 to 13100 and 13340 to 13460
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 and 12530.
Resistance should appear near 12890. Beyond that sellers should appear near 13040 to 13100
MARCH SWISS FRANC
Resistance should appear near 10580 to 10680 which should cap rallies.
Support should appear near 10470 below that a test of 10360 to 10320 is likely
MARCH BRITISH POUND
Support should appear near 15290 and 15125 and the 14960 to 14840 region.
Resistance should appear near 15350 and 15525.
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 10320 to 10360
Support should appear near 10237 and 10136 to 10104
Stay tuned for Forex Flashes
THE PRECIOUS METALSs
APRIL GOLD
Resistance should appear near the 1689.0 to 1696.0 region
Support is near 1642 and 1615.0 to 1609.0
MARCH COPPER
Resistance should appear near 37340 to 37430 and the 37950 to 38060 region.
Support should appear near 35630 to 35530 and the 34430 to 34250 region.
MARCH SILVER
Resistance should appear near 3034 to 3045 and the 3148 to 3157 region
Support is at 2883 to 2874 and the 2775 to 2758 region.
Stay tuned for Flashes in Precious Metals
The Exciting Energies
MARCH CRUDE OIL
Resistance should appear near 10320 to 10360
Support should appear near 10037 to 10021 and 9937 to 9921.
MARCH HEATING OIL
Support should appear near 29900 to 29720 and the 29370 to 29280 region
Resistance should appear near 30920 to 31020 and the 31480 to 316570 region
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 the 28200 to 28290 region. Beyond that sellers should appear near 28740 to 28830 and cap a rally
MARCH NATURAL GAS
Support should appear at 2370 to 2354 and 2322 to 2315
Resistance should appear near 2612 to 2620 and 2663 to 2672
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 the 309.2 to 310.2 region. Beyond that sellers should appear near 314.8 to 315.7 and cap a rally
Support should appear near 299.0 to 297.2 and the 288.3 to 287.4 region.
MARCH BEAN OIL
Resistance should appear near 5127 to 5139… Beyond that sellers should appear near 5200 to 5211 and cap a rally.
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 595 ¾ to 594 ½ and the 580 ½ to 579 ¼ region.
Resistance should appear near 610 ¼ to 611 ¼ and the 616 ½ to 619 region.
MARCH WHEAT
Resistance should appear near 610 ¼ to 611 ¼ and the 616 ½ to 619 region.
Support should appear near 580 ½ to 579 ¼, a close under is negative and augurs for a test of
the 557 ¾ to 555 1/5 region. Stay tuned for Grain Flashes.
THE LIVELY LIVESTOCK
FEB CATTLE
Support should appear near 12320 and 12177
Resistance should appear near 12380 and 12530, which should cap a rally.
APRIL CATTLE
Support should appear near 12680 and 12530
BW Traders can buy at 12535 and risk a close under 12317 for three days in a row.
Resistance should appear near 12740 which should cap a rally for a bit, beyond sellers 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 8667 to 8682 region, a beyond that sellers should appear near 8762 to 8777 and cap a rally.
APRIL HOGS
Support should appear near 8682 to 8667 , a close under is negative and augurs for a test of 8592 to 8557 Below that buyers should appear near 8407 to 8392
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 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 2315 to 2322 and the 2411 to 2419 region.
Support should appear near 2185 to 2170 and the 2080 to 2089 region..
MARCH SUGAR
Support is at the 2370 to 2354 and 2315 to 2311. Below that a trade towards 2226 to 2219
is likely to occur.
Resistance should appear near 2411 to 2419. Beyond that sellers should appear near 2461 to 2469
which should cap a rally.
MARCH COTTON
Resistance should appear near 9837 and the 10021 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
Tuesday January 17, 2012
8:45 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 Investment Comments Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs.
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