FuturesCom Morning Investment Comments Monday June 11, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2 . “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 June 10, 2012
11:00 AM South Florida Beach Time
Stay tuned for updates and flashes in all markets.
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,530.00 and the 12,380.00 to 12,320.00 region
Resistance should appear near 12,680.00 to 12,740.00
SEPT E-MINI SP500
Resistance should appear near the 1334.00 to 1346.00 region.
Support should appear near 1310.00 to 1304.00.
NASDAQ COMPOSITE
Resistance should appear near the 2874.00 to 2883.00 and 2928.00 to 2937.00
Support should appear near 2829.00 to 2820.00 and 2775.00 to 2758.00
SEPT E-MINI NASDAQ 100
Support should appear near 2552.00 and 2519.00 to 2511.00.
Resistance should appear near 2568.00 and 2612.00 to 2620.00.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 776.30 to 777.70 and 783.60 to 786.40
Support should appear near the 760.10 to 759.70 and 751.30 to 749.60
SEPT 30 YR BOND
Resistance should appear near 149-07 and 149-21
Support should appear near 148-07 and 147-21
SEPT 10 YR NOTE
Resistance should appear near 134-07 and 134-21.
Support should appear near 133-07 and 132-21
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8314 and 8352, beyond that a test of 8391 to 8406 is likely.
Support should appear near 8262 and the 8223 to 8194 region. BW Traders can buy at 8227 and risk a close under 8187 for three days in a row.
SEPT JAPANESE YEN
Resistance should appear near 12680 to12740 and 12890.
Support should appear near 12530 and the 12380 to 12320 region.
SEPT EURO CURRENCY
Support should appear near 12455 and the 12380 to 12320 region.
Resistance should appear near 12605 and the 12680 to 12740 region.
SEPT SWISS FRANC
Resistance should appear near 10470 and the 10580 to 10680 region. BW Traders can sell at 10577 and risk a close over 10687 for three days in a row.
Support should appear near 10360 to 10320. BW Traders should go short if a close under 10317 occurs
SEPT BRITISH POUND
Support should appear near 15350 to 15290.
Resistance should appear near 15525 and the 15690 to 15760 region, which should cap a rally.
SEPT CANADIAN DOLLAR
Resistance should appear near 9706 to 9737 then 9779 and the 9821 to 9837 region.
Support should appear near 9674 and the 9642 to 9625 region.
SEPT AUSSIE DOLLAR
Resistance should appear near 9837 and 9921 to 9937.
Support should appear near 9737 to 9706 and 9641 to 9625.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1609 to 1615 and 1629.0
Support is near 1576 to 1569 and 1535 to 1529
JULY COPPER
Resistance should appear near 33190 to 33280 and 33770 to 33860.
Support should appear near 32700 to 32610 and the 31570 to 31480 region
JULY SILVER
Resistance should appear near 2874 to 2883 and 2928 to 2937
Support is at 2829 to 2820 and 2775 to 2758.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 8484 to 8499 and 8560 to 8589
Support should appear near 8406 to 8391 and 8223 to 8194
JULY HEATING OIL
Support should appear near the 26100 to 26120 region.
Resistance should appear near the 27160 to 27240 region.
JULY UNLEADED GAS
Support should appear near 26200 to 26120 and 25680 to 25520
Resistance should appear near the 27160 to 27240 and the 27580 to 27750 region.
JULY NATURAL GAS
Support should appear at 2185 to 2170
Resistance should appear near 2315 to 2322
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1421 to 1415 and 1383 to 1377
Resistance should appear near 1453 to 1459 and 1484 to 1496
JULY SOYMEAL
Resistance should appear near 430.4 to 431.5 and 437.0 to 438.1
Support should appear near the 424.9 to 423.8 and 418.3 to 416.3
JULY BEAN OIL
Support should appear near 4926 to 4915 and 4845 to 4845
Resistance should appear near the 4973 to 4995 and 5056 to 5067 region.
JULY CORN
Support should appear near 595 ¾ to 594 ½ and 588 to 585 ½
Resistance should appear near 602 ¼ to 603 ½ and 610 ¼ to 611 ¼
JULY WHEAT
Resistance should appear near 633 ¾ to 635 and the 657 ¾ to 659 region
Support should appear near 603 ½ to 602 ¼ and the 595 ¾ to 594 ½ region
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 12030 to11920
Resistance should appear near 12157 and 12237
JULY HOGS
Support should appear near 9237 and the 9157 to 9137 region.
Resistance should appear near 9317 to 9347and 9427 to 9445
OCTOBER HOGS
Support should appear near 8222 to 8192 and 8137 to 8117
Resistance should appear near 8302 to 8317 and the 8392 to 8407 region.
THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near 15690 and 15350 to 15290.
Resistance should appear near 16090 to 16150 and 16420 to 16550. BW Traders can sell at 16410 and hold for lower prices. Beyond that sellers should appear near the 16890 to 16960 region.
SEPT COCOA
Resistance should appear near 2219 to 2226 and 2267 to 2275.
BW Traders can sell at 2263 and risk a close over 2377 for three days in a row.
Support should appear near 2134 to 2126 and 2042 to 2034
OCTOBER SUGAR
Support is at 1953 to 1946 and 1909 to 1902. BW Traders can buy at 1911 and risk a close under 1857 for three days in a row
Resistance should appear near the 2034 to 2042 region.
JULY COTTON
Support should appear near 7170 to 7143 and 7088 to 7074
Resistance should appear 7486 to 7513 and 7675 to 7689
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
Sunday June 10, 2012
1:25 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 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 June 11, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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