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FuturesCom
Morning Futures and Investment Comments
Tuesday November 08, 2011 

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

 

     

 

 

 

 

 

 

 

 

 

 

 

 

  

    

  

The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.

-- Winston Churchill --
        
Monday November 7, 2011

1:00 PM South Florida Beach Time 

Traders should stay tuned for flashes and updates for all markets
                          The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 11,920.00 and  11,690.00 to 11,640.00
Resistance should appear near 12,030.00 and the 12,320.00 to 12,380.00 region

DEc E-Mini sp500
 Resistance should appear near 1268.00 to 1274.00 and the 1304.00 to 1310.00 region
Support should appear near 1238.00 to 1232.00 and the 1203.00 to 1192.00 region
BW Traders can buy at 1217.75 and hold for higher prices.


NAsdaq Composite
Resistance should appear near the 2716.00 to 2724.00 region
Support should appear near 2620 to 2612.00

DEc E-Mini NasdaQ 100
 Resistance should appear near 2354.00 to 2370.00. Beyond that sellers should appear near 2411.00 to 2419.00 and cap a rally.      
Support should appear near 2275.00 to 2267.00.. Below that buyers should appear near 2226.00 to 2219.00. BW Traders can buy at 2275.00 and risk a close under 2217.00 for three days in a row.

Dec E-Mini RUSSELL 2000
 Resistance should appear near 748.60 to 751.30 and 759.70 to 760.10.
Support should appear near 734.20 to 732.80 and 717.00 to 714.30


DEC 30 YR BOND
Resistance should appear near 142-21. Beyond that sellers should appear near 143-21
and 144-07 and cap a rally.
Support should appear near 140-07 and 139-21.

DEC 10 yr Note
 Resistance should appear near 131-07. Beyond that sellers should appear near 131-21 and 132-07
Support should appear near 129-21 and 128-21. 

                           The Frenzied Forex Front
 dec dOLLAR iNDEX
 Resistance should appear near 7763 to 7777, a close over is friendly and augurs for a test of
7836 to 7864.       
Support should appear near 7689 to 7675 and 7601 to 7589.     
BW Traders should go long if a close over 7779 occurs.
 

 

dec 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                  

dec EURO currency
 Support should appear near 13615 and the 13460 to 13340 region. 
Resistance should appear near 13770 to 13830 and 13917.  

 dec SWISS FRANC
 Resistance should appear near 11300 to 11360       
Support should appear near 11010 to 10960     

DEC BRITISH POUND
Support should appear near 15760 to 15690
Resistance should appear near 16090 to 16150. BW Traders can sell at 16087 and risk a close over 16167 for three days in row.

DEC CanadIAN Dollar
 Resistance should appear near 9921 to 9937
Support should appear near the 9737 to 9706 region.

DEC AUSSIE DOLLAR
 Resistance should appear near 10360 and 10580 to 10680
Support should appear near 10136 to 10104 and 10037 to 10021

 

 

 

                              The Precious Metals
 december gold
 Resistance should appear near the 1808.0 to 1822.0 region.     
Support is near 1738.0 to 1731.0  

DEC COPPER
 Resistance should appear near 36130 to 36230 and the 36630 to 36830 region  
Support should appear near 34430 to 34250 and the 33860 to 33770 region
    
DEC Silver 
 Resistance should appear near 3493 to 3503 and 3553 to 3563  
Support is at 3328 to 3319 and 3213 to 3194. BW Traders can buy the SLV ETF at 3160 and hold for higher prices

                                      The Exciting Energies  
December CRUDE Oil
Resistance should appear near the 9526 to 9542 region. Beyond that sellers should appear near 9706 to 9737... Aggressive BW traders can sell at 9705 and hold for lower prices...
Support should appear near 9347 to 9316 and 9156 to 9140. Below that 9060 to 9044 should contain a decline .Aggressive BW traders can buy at 9065 for a bounce. Below that support should appear near   8964 to 8934    Trade Accordingly and stay tuned for flashes

DECEMBER HeaTING Oil
 Support should appear near 29900 to 29720
Resistance should appear near the 31480 to 31570 region          

DECEMBER UNLEADED Gas
 Support should appear at 25200 to 26120     
Resistance should appear near 27580 to 27750 and the 28200 to 28290 region.  


DECEMBER  NATURAL Gas
Support should appear at 3623 to 3613 region      
Resistance should appear near 3858 to 3867                                                                    

                                THE GRANDE’ GRAINS
 JANAUARY SOYBEANS
Support should appear near 1192 , below that buyers should appear near 1169 to 1164
Resistance should appear near 1232 to 1238 and 1268 to 1274.. BW Traders can sell at 1231 and hold for lower prices... Initially Risk a close over 1255 for three days in a row

DECEMBER SOYMEAL
Resistance should appear near 314.8 to 315.7              
Support should appear near 304.5 to 303.6  

DECEMBER BEAN OIL
Resistance should appear near 5200 to 5211and the 5259 to 5282 region      
Support should appear near 5067 to 5056 and the 4995 to 4973 region

DEC CORN
Resistance should appear near 665 ¾ to 667 ¼ and the 674 ¾ to 675 ½ region       
Support should appear 635 to 633 ¾ and 627 to 625 ¾. Below that buyers should appear near 619 to 616 ½ and 603 ½ to 602 ¾.  BW Traders can buy at 619 and hold for higher prices 
 
DECEMBER WHEAT
Resistance should appear near 641 ¾ to 643 and the 665 ¾ to 667 ¼ region.     
Support should appear 619 to 616 ½ and the 603 ½ to 602 ¼ region
   

 

 

                                        THE LIVELY LIVESTOCK
 DEC CATTLE
Support should appear near 12380 to 12320 and 12030 to 11920 
Resistance should appear near 12530 and the 12680 to 12740 region

DEC HOGS
Resistance should appear near  8667 to 8682 and 8762 to 8777  
Support should appear near 8502 to 8482 and the 8407 to 8382 region . 

FEB HOGS
Resistance should appear near 8932 to 8967
Resistance should appear near 8777 to 8762      
                                 The Satisfying Softs
 MARCH COFFEE
Support should appear near 23220 to 23150 and the 22750 to 22610 region
Resistance should appear near 23700 and 24110 to 24190 region... 
BW Traders can sell at 24100 and hold for lower prices.  ,
BW Traders should go short if a close under 231.00 occurs. Stay tuned for flashes
 
MARCH COCOA
Resistance should appear near 2820 to 2829 and the 2928 to 2937 region           
Support should appear near 2672 to 2663 and 2568 to 2552.     

MARCH SUGAR
Resistance is at 2612 to 2620 and 2716 to 2729 Beyond that sellers should appear near
2820 to 2829 and cap a rally      
Support should appear near 2519 to 2511 and the 2419 to 2411 region. 

MARCH COTTON
Resistance should appear near 9921 to 9937
Support should appear 9445 to 9429 
 
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com
 Monday November 7, 2:35 PM South Florida Beach Time