FuturesCom Morning Investment Comments Wednesday August 15, 2012 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2
“The hardest thing to understand in the world is the income tax.”
— Albert Einstein–
Tuesday August 14, 2012
2:30 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,100.00 to 13,040 and 12,890.00.
Nearby Resistance should appear near 13,220.00, beyond that 13,340.00 to 13,460.00 should cap any rally.
SEPT E-MINI SP500
Resistance should appear near the 1415.00 to 1421.00.
Support should appear near 1399.00 and the 1383.00 to 1377 region.
NASDAQ COMPOSITE
Resistance should appear near 3036.00 to 3045.00.
Support should appear near the 2990.00 to 2972.00.
SEPT E-MINI NASDAQ 100
Support should appear near 2672.00 to 2663.00.
Resistance should appear near 2758.00 to 2775.00
SEPT E-MINI RUSSELL 2000
Resistance should appear near 802.90 to 804.40 and 811.90 to 813.40.
Support should appear near the 786.50 to 783.60 and the 777.70 to 776.30 region.
SEPT 30 YR BOND
Resistance should appear near 147-21 and 148-07.
Support should appear near 146-21 and 146-21.
SEPT 10 YR NOTE
Resistance should appear near 133-07 and 133-21.
Support should appear near 132-21 and 132-07
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8300 to 8314.
Support should appear near 8223 to 8194 and the 8134 to 8119 region.
BW Traders can buy at 8167 and risk a close under 8112 for three days in a row.
SEPT JAPANESE YEN
Resistance should appear near 12740 and 12890.
Support should appear near 12680 and 12605
SEPT EURO CURRENCY
Support should appear near 12320 and 12247.
Resistance should appear near 12380 and 12530. BW Traders can sell at 12521 and Hold for lower prices.
SEPT SWISS FRANC
Resistance should appear near 10320 to 10360.
Support should appear near 10185 and 10135 to 10104
SEPT BRITISH POUND
Support should appear near 15607 and 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 the 10104 to 10136.
Support should appear near 10037 to 10021.
SEPT AUSSIE DOLLAR
Resistance should appear near 10470 then 10525 and the 10580 to 10680 region
Support should appear near 10417and the 10360 to 10320 region.
Trade accordingly and Stay tuned for Forex Flashes ….
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1609 to 1615 and 1628.5.
Support is near 1591.5 and the 1576 to 1569 region.
SEPT COPPER
Resistance should appear near 33770 to 33860 and 34250 to 34430.
Support should appear near the 33280 to 33190 region.
SEPT SILVER
Resistance should appear near 2820.0 to 2829.0.
Support is at 2724 to 2716
THE EXCITING ENERGIES
OCTOBER CRUDE OIL
Resistance should appear near 9429 to 9445 and the 9526 to 9542 region
Support should appear near 9347 to 9317 and the 9156 to 9140 region.
BW Traders can buy at 9161 and risk a close under 8929 for three days in a row..
SEPTEMBER HEATING OIL
Support should appear near 29900 to 29730 and 29370 to 29280… BW Traders can buy at 29720 for a bounce and risk a close under 29270 for three days in a row.
Resistance should appear near 30450, a close over is friendly and augurs for a test of 30920 to 31020.
SEPTEMBER UNLEADED GAS
Support should appear near 29900 to 29720 and the 29370 to 29280 region. BW Traders can buy at 29390 for a bounce and risk a close under 29270 for three days in a row.
Resistance should appear near the 30360 to 30450, a close over is friendly and augurs for a test of 30920 to 31020.
SEPTEMBER NATURAL GAS
Resistance should appear at 2928 to 2937
Support should appear near 2672 to 2663.
Stay tuned for Energy Flashes and Updates
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near the 1576 to 1569 region.
Resistance should appear near 1609 to 1615.
DECEMBER SOYMEAL
Resistance should appear near 484.5 to 485.6 and 491.5 to 492.6
Support should appear near 471.7 to 469.5 and 451.4 to 450.3
DECEMBER BEAN OIL
Resistance should appear near 5492 to 5504
Support should appear near the 5211 to 5200 region.
DECEMBER CORN
Support should appear near 760 ¼ to 759 ¾
Resistance should appear near 811 ¾ to 813 ¾
DECEMBER WHEAT
Resistance should appear near 885 ¾ to 887 ¼
Support should appear near 840 ¾ to 839 ¾
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 12680 then 12607 and 12532
Resistance should appear near 12740 then 12817 and 12890.
DECEMBER CATTLE
Support should appear near the 12740 to 12680 region
Resistance should appear near the13040 to 13100 region
OCTOBER HOGS
Support should appear near 7692 to 7672 and 7602 to 7587.
Resistance should appear near 7762 to 7777 and the 7837 to 7867 region..
BW Traders can sell at 7832 and hold for lower prices.
DECEMBER HOGS
Support should appear near 7432 to 7412 and 7342 to 7327.
Resistance should appear near 7487 to 7512 and 7587 to 7602
FEBRUARY HOGS
Support should appear near 8047 to 8027
Resistance should appear near 8192 to 8222
THE SATISFYING SOFTS
DECEMBER COFFEE
Support should appear near 16550 to 16420 and 16150 to 16090 .
BW Traders can buy at 16175 and risk a close under 16050 for three days in a row.
Resistance should appear near 16890 to 16960 and 17310 to 17380
DECEMBER COCOA
Resistance should appear near 2511 to 2519
Support should appear near 2370 to 2354.
OCTOBER SUGAR
Support is at 1996 to 1982.
Resistance should appear near 2080 to 2089.
DECEMBER COTTON
Support should appear near 7088 to 7074 and 7003 to 6990.
Resistance is 7328 to 7342 and the 7486 to 7513 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
Tuesdsay August 14, 2012
3:45 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 Futures Comments Wednesday August 15-2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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