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FuturesCom
Morning Futures and Investment Comments
Friday December 09, 2011 

Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs

 

     

 

 

 

 

 

 

 

 

 

 

 

 

  

    

  

     

      

      

 

 

 

 

“

"Observation, experience memory and mathematics--These are what a successful trader must depend on. He Must not only observe accurately but remember at all times what he has observed. He cannot bet on the unreasonable or on the unexpected, however strong his personal convictions maybe about man's unreasonableness or however certain he may feel that the unexpected happens very frequently. He must bet always on probabilities--that is try to anticipate them. Years of practice at the game, of constant study, of always remembering, enables the trader to act when the unexpected happens as well as when the expected comes to pass. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory " --Reminiscences of a Stock operator- 1929

 

Thursday December 08, 2011

12:30 PM  South Florida Beach Time                                   


                          The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 12,030.00 to 11,920.
 Resistance should appear near 12,175.00 and 12,320.00 to 12,380.00

march DEc E-Mini sp500
 Resistance should appear near 1253.00 and the 1268.00 to 1274.00 region
Support should appear near 1238.00 to 1232 00 and 1217.50

NAsdaq Composite
Resistance should appear near 2663.00 to 2672.00  
Support should appear near 2568.00 to 2552.00 

march E-Mini NasdaQ 100
 Resistance should appear near  2315.00 to 2322.00 and the 2354.00 to 2370.00 region       
Support should appear near the 2275.00 to 2267.00 region

march E-Mini RUSSELL 2000
 Resistance should appear near 741.40 to 742.80 and 748.60 to 751.30
Support should appear near  717.00 to 714.30 and the 708.80 to 707.40 region  


MARCH 30 YR BOND
Resistance should appear near 142-21 and 143-07
Support should appear near 141-21 and 141-07.

MARCH 10 yr Note
 Resistance should appear near 130-21 and 131-21
Support should appear near 129-21 and 129-07.  

                          The Frenzied Forex Front
 March dOLLAR iNDEX
 Resistance should appear near 8029 to 8044         
Support should appear near 7907 and 7864 to7836       

 march JAPANESE Yen
 Resistance should appear near 13040 to 13100.
BW Traders can sell at 13035 and hold for lower prices.     
Support should appear near 12740 to 12680                  

march EURO currency
 Support should appear near 13220 and the 13100 to 13040 region       
Resistance should appear near  13340 to 13460 and 13615    
Stay tuned for Flashes

march SWISS FRANC
 Resistance should appear near 10960 to 11010 and should continue to cap rallies.
BW Traders can sell at 10957 and hold for lower prices.
Support should appear near 10680 to 10580      

MARCH BRITISH POUND
Support should appear near the 15350 to 15290 region
Resistance should appear near 15690 to 15760.

MARCH CanadIAN Dollar
 Resistance should appear near 9821 to 9837
Support should appear near 9737 to 9706

MARCH AUSSIE DOLLAR
 Resistance should appear near 10104 to 10136 and 10320 to 10360 
Support should appear near 10037 to 10021, below that a test of 9937 to 9921 is likely. Which should continue to contain declines.  BW Traders can buy at 9947 and risk a close under 9877

                              The Precious Metals
 FEB gold
 Resistance should appear near  1731 to 1738 then 1756 and 1774 to 1780      
Support is near 1696 to 1689 and 1655 to 1642
BW Traders can buy at 1701 and hold for higher prices.   

 

MARCH COPPER
 Resistance should appear near the 35530 to 35630 region.
Support should appear near the 34430 to 34250 region.
    
MARCH Silver 
 Resistance should appear near 3194 to 3213
Support is at 3045 to 3034
                                      The Exciting Energies  
FEB CRUDE Oil
Resistance should appear near 10104 to 10136
Support should appear near the 9737 to 9706 region

february HeaTING Oil
 Support should appear near 29370 to 29280 and the 28830 to 28720 region
BW Traders can buy at 29375 and hold for higher prices.
Resistance should appear near 30920 to 31020, beyond that a test of 312480 to 31570 is likely            
february UNLEADED Gas
 Support should appear at the 25680 to 25520 and the 25190 to 25110 region
Resistance should appear near the 26630 to 26720.   

february NATURAL Gas
Support should appear at  the 3386 to 3377 region          
Resistance should appear near 3613 to 3623                                                                   
                                THE GRANDE’ GRAINS
 MARCH SOYBEANS
Support should appear near 1136 to 1130 and 1101 to 1096   
Resistance should appear near 1164 to 1169 and the 1192 to 1203 region
BW Traders can sell at 1190 and hold for lower prices.  

MARCH SOYMEAL
Resistance should appear near 292.8 to 293.7              
Support should appear near the 282.9 to 282.0

MARCH BEAN OIL
Resistance should appear near 5127 to 5139 and the 5200 to 5211 region.        
Support should appear near 4995 to 4973 and the 4926 to 4915 region    
Aggressive BW traders can buy at 4930 and risk a close under 4842

MARCH CORN
Resistance should appear near 602 ¼ to 603 ½ and 610 ¼ to 611 ¼             
Support should appear 588 to 585 ½, a close under is negative and augurs for a test of the
572 ¾ to 571 ¾ region    
 
MARCH WHEAT
Resistance should appear near 616 ½ to 619 and 625 ¾ to 627       
Support should appear near 595 ¾ to 594 ½ and the 588 to 585 ½ region
   
                                       THE LIVELY LIVESTOCK
 FEB CATTLE
Support should appear near 11857 and the 11690 to 11640 region   
Resistance should appear near 11977 and 12030    

FEB HOGS
Support should appear near the 8682 to 8667    
Resistance should appear near 8852 to 8872       

 

                      The Satisfying Softs
 MARCH COFFEE
Support should appear near 22750 to 22610 and 22260 to 22190
Resistance should appear near 23150 to 23220 and 23540 to 23700

MARCH COCOA
Resistance should appear near 2170 to 2185
Support should appear near the 2089 to 2080 region         

MARCH SUGAR
Support is at the 2322 to 2315 region       
Resistance should appear near 2461 to 2469  

MARCH COTTON
Resistance should appear near the 9316 to 9347 region
Support should appear the 8964 to 8934 region      

 

              --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com
 Thursday December 8, 1:10PM South Florida Beach Time