FuturesCom Morning Investment Comments Monday July 23, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2
Saturday July 21, 2012
5:00 AM South Florida Beach Time
“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.
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,740.00 to 12,680.00.
Resistance should appear near 12890.00 and the 13,040.00 to 13,100.00 region.
SEPT E-MINI SP500
Resistance should appear near 1361.50 and 1377.00 to 1383.00.
Support should appear near 1346.00 to 1334.00.
NASDAQ COMPOSITE
Resistance should appear near 2928.00 to 2937 and 2972.00 to 2990.00
Support should appear near 2883.00 to 2874.00 and 2829.00 to 2820.00
SEPT E-MINI NASDAQ 100
Support should appear near the 2663.00 to 2672.00 and 2716.00 to 2724.00
Resistance should appear near 2612.00 and the 2568.00 to 2552.00 region.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 793.90 to 795.40 and the 802.90 to 804.40 region.
Support should appear near the 786.40 to 783.60 and the 777.70 to 776.30 region
SEPT 30 YR BOND
Resistance should appear near 152-07and 152-21 is likely.
Support should appear near 151-21 and 151-07
SEPT 10 YR NOTE
Resistance should appear near 135-07. Beyond that Sellers should appear near 135-21 and 136-07 which should cap a rally
Support should appear near 134-21 and 134-07
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8391 to 8406.
Support should appear near 8314 to 8300 and 8223 to 8194.
BW Traders can buy at 8227 and hold for higher prices, initially risk a close 8187 for three days in a row. Stay tuned for flashes
SEPT JAPANESE YEN
Resistance should appear near 12890 and 13040 to 13100
Support should appear near 12740 to 12680 and 12607.
SEPT EURO CURRENCY
Support should appear near 12030 to 11920.
Resistance should appear near 12175 then 12247 and the 12320 to 12380 region.
SEPT SWISS FRANC
Resistance should appear near 10237 and the 10320 to 10360 region. BW Traders can sell at 10317 for a turn lower and risk a close over 10370 for three days in a row.
Support should appear near 10135 to 10104 and the 10037 to 10021
SEPT BRITISH POUND
Support should appear near 15525, an extended trade or close under is negative and augurs for a test of the 15350 to 15290 region.
Resistance should appear near 15690 to 15760.
SEPT CANADIAN DOLLAR
Resistance should appear near 9921 to 9937 and the 10021 to 10037 region.
BW Traders can sell at 10017 and hold for lower prices…
Support should appear near 9836 to 9821 and 9737 to 9706.
SEPT AUSSIE DOLLAR
Resistance should appear near the 10360 and 10470
Support should appear near 10320 then 10237 and 10187
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1591.5 and 1609.0 to 1615.0
Support is near 1576.0 to 1569.0 Below that buyers should appear near 1535 to 1529
BW Traders can buy at 1537 and hold for higher prices.
SEPT COPPER
Resistance should appear near 34930 to 35030 and 35530 to 35630
Support should appear near 34430 to 34250 and 33860 to 33770 region.
SEPT SILVER
Resistance should appear near 2758 to 2775 and 2820 to 2829
Support is at 2672 to 2663 and 2620 to 2612
THE EXCITING ENERGIES
SEPTEMBER CRUDE OIL
Resistance should appear near 9237 then 9316 to 9347 and 9429 to 9445
Support should appear near 9156 to 9140 then 9060 to 9044 and 8964 to 8934
SEPTEMBER HEATING OIL
Support should appear near the 28830 to 28740 region
Resistance should appear near the 30360 to 30450 region
SEPTEMBER UNLEADED GAS
Support should appear near 28290 to 28200 and 27750 to 27580
Resistance should appear near the 28740 to 28830 and 29280 to 29370.
SEPTEMBER NATURAL GAS
Resistance should appear at 3092 to 3102 and 3148 to 3157
Support should appear near 2937 to 2928 and 2883 to 2874
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 1615 to 1609
Resistance should appear near 1731 to 1738
DECEMBER SOYMEAL
Resistance should appear near 520.0 to 521.
Support should appear near 485.6 to 484.5
DECEMBER BEAN OIL
Resistance should appear nearr 5640 to 5653
Support should appear near 5430 to 5418.
DECEMBER CORN
Support should appear near 777 ¾ to 776 ¼
Resistance should appear near 830 to 831 ½
DECEMBER WHEAT
Resistance should appear near 992 ¼ to 993 ¾
Support should appear near and 896 ½ to 893 ½
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 12185 and 12030
Resistance should appear near 12320 to 12380 and 12530
OCTOBER HOGS
Support should appear near 7957 to 7932 and 7867 to 7837
Resistance should appear near 8027 to 8047 and 8117 to 8137
DECEMBER HOGS
Support should appear near 7587 to 7567
Resistance should appear near 7762 to 7777
THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near 18220 to 18080 and 17800 to 17740
Resistance should appear near 19020 to 19090 and the 19460 to 19530 region
SEPT COCOA
Resistance should appear near 2267 to 2275 and the 2354 to 2370 region
Support should appear near 2185 to 2170 and the 2134 to 2126 region .
OCTOBER SUGAR
Support is at 2370 to 2354 and 2322 to 2315
Resistance should appear near 2411 to 2419 and 2461 to 2469.
DECMBER COTTON
Support should appear near 7170 to 7143 and 7088 to 7074
Resistance is 7486 to 7513 and the 7763 to 7777 region.
Stay tuned for Flashes and Updates in all Markets
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Saturday July 21, 2012
6:55 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 RELIABLE 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 July 23, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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