Monday July 23, 2012
1:00 PM South Florida Beach Time
FuturesCom Morning Investment Comments Tuesday July 24, 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.
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,530.00 and the 12,380.00 to 12,360.00 region.
Resistance should appear near 12,680.00 to 12,740.00 and 12,890.00
SEPT E-MINI SP500
Resistance should appear near 1346.00 and 1361.50.
Support should appear near 1334.00 and 1321.50
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 2612.00 to 2620.00 region and 2663.00 to 2672.00.
Resistance should appear near 2568.00 to 2552.00 and the 2519.00 to 2511.00 region.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 783.60 to 786.40 and 793.90 to 795.40
Support should appear near the 768.90 to 767.50 and 760.10 to 758.70
SEPT 30 YR BOND
Resistance should appear near 152-21 and 153-07
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 8484 to 8499
Support should appear near 8314 to 8300
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 and 12247.
SEPT SWISS FRANC
Resistance should appear near 10104 to 10136 and 10237
Support should appear near 10037 to 10021 and 9937 to 9921
SEPT BRITISH POUND
Support should appear near the 15350 to 15290 region.
Resistance should appear near 15527 and 15617.
SEPT CANADIAN DOLLAR
Resistance should appear near 9821 to 9837 and 9921 to 9937.
Support should appear near 7737 to 9706 and 9641 to 9625
SEPT AUSSIE DOLLAR
Resistance should appear near 10237 and the 10320 to 10360 region
Support should appear near 10187 and the 10136 to 10104 region.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1591.5 and 1609.0 to 1615.0
Support is near 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 34250 to 34430 and 34930 to 35030
Support should appear near 33280 to 33290 and 32700 to 32610
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 8934 to 8964 and 9044 to 9060
Support should appear near 8871 to 8856 and 8777 to 8762
SEPTEMBER HEATING OIL
Support should appear near 28290 to 28200 and the 27750 to 27580 region
Resistance should appear near 28740 to 28830 and 29280 to 29370
SEPTEMBER UNLEADED GAS
Support should appear near 27750 to 27580 and 27240 to 27160
Resistance should appear near the 28200 to 28290 and 28740 to 28830.
SEPTEMBER NATURAL GAS
Resistance should appear at 3092 to 3102 and 3148 to 3157
Support should appear near 3045 to 3036 and 2937 to 2928
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 1576 to 1569 and 1535 to 1529
Resistance should appear near 1642 to 1655 and 1689 to 1696
DECEMBER SOYMEAL
Resistance should appear near 497.3 to 499.5 .
Support should appear near 465 to 463.9
DECEMBER BEAN OIL
Resistance should appear nearr 5492 to 5504
Support should appear near 5356 to 5344.
DECEMBER CORN
Support should appear near 734 ¼ to 732 ¾
Resistance should appear near 802 ¾ to 804 ½
DECEMBER WHEAT
Resistance should appear near 942 ¾ to 944 ½
Support should appear near and 896 ½ to 893 ½
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 12237 and 12185
Resistance should appear near 12380 and 12530
OCTOBER HOGS
Support should appear near 7867 to 7837 and 7777 to 7762
Resistance should appear near 7937 to 7957 and 8027 to 8047
DECEMBER HOGS
Support should appear near 7512 to 7487
Resistance should appear near 7672 to 7692
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
Monday July 23, 2012
2:00 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 Tuesday July 24, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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