Mar 102013
 

FuturesCom  Bi-Weekly Investment Outlook # 417 March 10 2013  SP500 and  Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee •  Sugar • Cocoa  • Cotton.  Free Two Week Trial see https://futurescom.com/free-trial-2

“We can easily forgive a child who is afraid of the dark.
The real tragedy of life is when men are afraid of the light”- Plato –

Ball-on-a-silver-pedestal

 

Saturday March 09, 2013

11:30 PM South Florida Beach Time

US Stocks closed better on Friday, the Dow Industrials and Transports both closed Friday near or at all time high settlements. Traders should look for more news-driven trading and expanded ranges during the rest of the month. Traders should stay tuned for Flashes along with updates in all markets.
Sell a rally in June Bonds to re-establish shorts. Bonds are oversold and can bounce this week. Aussie acts lousy, rallies should be sold. Forex traders should establish shorts on rallies if able and Sell rallies to add in preparation for a decline. Yen remains long term bearish, but it can firm up bit.  Sell a rally in futures and buy Dollar / Yen on a dip. Canuck can firm a bit; aggressive traders may want to play both sides of the Canuck. Seasonally Canadian dollar can rally into the end of the month. However the long-side should be short term maybe a week or two if it holds. The rally may be muted and selling a rally to re-establish a short posture is preferred as lower prices appear to be in front of the Canadian Dollar not behind it. Sell a rally in Swiss the higher the better. Look for a range bound to lower Euro, the 13100 to 13040 region has not held and prints of 12740 to 12680 on the downside appears inevitable. Stay tuned for Forex Flashes.
     Silver and gold act sloppy, typically buying at the end of March on weakness should yield some strength into early to the middle of April, if for no other reason than short covering. Silver should begin to act better first.
  Energies are weak, however strength into April and May should not be ruled out. The longs in April Crude are under water. Buy June to add, exit the April on Strength and use MAY to trade. Brent Crude can typically hold going into April.  Unleaded gas acted better late in the week and trading from the long side for a rally into April and May is becoming apparent.

 

Soybeans and products and its products typically firm into March and early April.  Buy Soymeal for spring rally into June. We are friendly June hogs  for a rally into late April and May, however it’s a bit soon to tell if we are just bouncing from an oversold condition for a mid -month rally in a bear market or something that can last.. June should firm against August from 50 to 100 under to 50 to 100 over. .
A trading range is likely.  Stay tuned for Livestock flashes.  

Selling a sharp rally in Coffee should yield some lower prices over the next three weeks as Coffee typically makes a high point into the Ides of March. Buy a dip in cotton.

 Stay tuned for additional Flashes and updates for All Markets. On to the Nitty Gritty
                              

                                       THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 14,370.00 and the 14,210.00 to 14150.00 region. Below that 13,830.00 to 13,770.00 should hold.
Resistance remains near the 14,530.00 to 14,590.00 region.  Beyond that a test of 14,840.00 to 14.960.00 is likely and should cap a rally

JUNE E-MINI SP500
Resistance should appear 1552.00 and the 1569.00 to 1576.00 region which should cap a rally.
Traders can sell at 1568.75 for a trade and risk 12 points. A close over is friendly and augurs for a test of 1609.00 to 1615.00.
Support should appear near 1535.00 to 1529.00 and 1512.50. Traders can buy at 1513.00 and risk a close under 1511.00 for three days in a row. Below that buyers should appear near the 1496.00 to 1484.00 region… Traders can buy at 1497.00 and hold for higher prices.

NASDAQ COMPOSITE
Resistance should appear near 3261.00 to 3270.00 and the 3319.00 to 3328.00 region
Support should appear near 3213 to 3194 and the 3157.00 to 3148.00 region.  Below that buyers should appear near 3102.00 to 3092.00 and the 3045.00 to 3036.00 region which should contain any decline.

 

JUNE E-MINI NASDAQ 100
Support should appear near 2775.00 to 2758.00… Below that buyers should appear near the 2724.00 to 2716 region. Traders can buy at 2728 and risk a close under 2715 for three days in a row. Below that buyers should appear near 2672.00 to 2663 and contain a decline.
Resistance should appear near 2820.00 to 2829.00, a close over is friendly and augurs for a test of
2874.00 to 2883.00.

JUNE E-MINI RUSSELL 2000

Resistance should appear near the 942.90 to 944.50 and 952.60 to 954.30. Beyond that a test of
970.60 to 973.70 is more likely to occur than not.
Support should appear near 934.70 to 931.60 and 923.70. Below that buyers should appear near 915.60 to 914.00 and the 906.00 to 904.40 region. Traders can buy at 915.90 and hold for higher prices.

 

 

JUNE 30 YR BOND
Resistance should appear near 141-07 and 142-07. Beyond that sellers should appear near 142-21 and 143-07.Beyond that sellers should appear near 143-21. Traders can sell at 143-17 and risk a close over 143-27 for three days in a row.
Support should appear near 139-21 and 139-07. Below that a test of 138-21 and 138-07 is likely.
JUNE 10 YR NOTE
Resistance should appear near 131-07 and 131-21… Beyond that sellers should appear near 132-07 and cap a rally.
Support should appear near 130-07 and 129-21, failure there is negative and augurs for a test of
129-07 and eventually 128-21                                                         

 

 

                                                    THE FRENZIED FOREX FRONT

 

JUNE DOLLAR INDEX
Resistance should appear near the 8300 to 8314 region.   A close over is friendly and augurs for a test of 8391 to 8406.
Support should appear near 8223 to 8194 and the 8134 to 8119 region.

JUNE JAPANESE YEN
Resistance should appear near 10470. Aggressive Traders can sell at 10467 and hold for lower prices and stay tuned for flashes. Beyond that sellers should appear near 10580 to 10680… Traders can sell at 10577 and risk a close over 10687 for three days in a row.
Support should appear near the 10360 to 10320 region. A close under is negative and augurs for a test of 10136 to 10104… Traders should go short if a close under 10317 occurs.

JUNE EURO CURRENCY
Support should appear near 12967 and 12890. Below that a test of 12740 to 12680 is likely.
Resistance should appear near 13040 to 13100 and 13155. Beyond that sellers should appear near   13220. Traders can sell at 13037 and hold for lower prices.

JUNE SWISS FRANC
Resistance should appear near 10580 to 10630 and 10680. Traders can sell at 10577 and hold for lower prices.
Support should appear near 10470 a close under is negative and augurs for as test the 10360 to 10320 region.  Traders should go short if a close under 10467 occurs.

JUNE BRITISH POUND
Support should appear near 14840, a close under is negative and augurs for a test of the 14590 to 14530 region.
Resistance should appear near resistance should appear near 15125 and the 15290 to 15350 region.
 

 

 

 

 

 

 

JUNE CANADIAN DOLLAR
Resistance should appear near 9706 to 9737 and 9779. Beyond that sellers should appear near 9821 to 9837. Traders can sell at 9821 and hold for lower prices. Risk a close over 9887 for three days in a row. Beyond that sellers should appear near 9921 to 9937.
Support should appear near 9641 to 9425. Below that a test of 9542 to 9526 is likely. Under that buyers should appear near 9445 to 9429.

JUNE AUSSIE DOLLAR
Resistance should appear near 10185 and 10237. Beyond that sellers should appear near 10320 to 13060. Traders can sell at 10317 and hold for lower prices.
Support should appear near the 10136 to 10104 region. Below that a test of 10037 to 10021 is likely.

 

 

 

            THE PRECIOUS METALS

 

APRIL GOLD

Resistance should appear near 1592.5.Beyond that sellers should appear near 1609 to 1615 and the 1642 to 1655 region. .
Support is near 1576 to 1569, below that a test of 1552 and the 1535 to 1529 region is likely.
Below that buyers should appear near the 1496 to 1484 region and contain a decline.

MAY COPPER
Resistance should appear near 35530 to 35630 and the 36130 to 36230 region. Beyond that sellers should appear near 36630 to 36820 and cap a rally.
Support should appear near 35030 to 34930 and the 34430 to 34250 region. Below that a test of the

33860 to 33770 region is likely to occur.

MAY SILVER
Resistance should appear near 2928 to 2937 and the 2972 to 2990 region.  Beyond that sellers should appear near 3036 to 3045 and the 3092 to 3102 region, which should cap a rally.
Support is at 2829 to 2820 and the 2724 to 2716 region.  Below that buyers should appear near 2568 to 2552.

 

 

 

 

 

 

 

 

 

 

 

THE EXCITING ENERGIES

 

MAY CRUDE OIL
Support should appear near 9237 and the 9156 to 9140 region which should hold. Below that buyers should appear near 9060 to 9044.

Resistance should appear near 9316 to 9347, a close over is friendly and augurs for as test of the 9526 to 9542 region and eventually the 9706 to 9737 region.

APRIL CRUDE OIL

Support should appear near 9156 to 9140 and 9100. Below that buyers should appear near 9060 to 9044 which should contain declines.
Resistance should appear near 9316 to 9347 and the 9525 to 9542 region.

APRIL HEATING OIL
Support should appear near 29370 to 29280 and the 28830 to 28740 region. Below that buyers should appear near 27750 to 27580.
Resistance should appear near 30360 to 30450 and the 30920 to 31020 region. Beyond that a test of 31940 to 32130 is likely.                    

 

APRIL UNLEADED GAS
Support should appear near 31570 to 31480. Traders can buy at 31650 and hold for higher prices.
Below that buyers should appear near 31020 to 30920 and the 30450 to 30360 region.
Resistance should appear 32610 to 32700 and the 33190 to 33280 region. Beyond that a test of the 34250 to 34450 region is likely.

APRIL NATURAL GAS
Resistance should appear at 3613 to 3623 and the 3663 to 3682 region. Beyond that as test of 3663 to 3682 is likely. Closing over 36820 is friendly and augurs for a test of 3858 to 3867
Support should appear near 3563 to 3553 and 3443 to 3425, below that 3328 to 3319 should hold.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THE GRANDE’ GRAINS

 

MAY SOYBEANS

Support should appear near 1459 to 1453 and 1437 ½. Below that buyers should appear near 1421 to 1415 and 1399.
Resistance should appear near the 1484 to 1496 region.  Beyond that a trade towards the 1529 to 1535 region is likely to occur.
MAY SOYOIL
Resistance should appear near 5056 to 5067, a close over is friendly and augurs for a test of 5127 to 5139 and the 5200 to 5211 region, which should cap a rally.
Support should appear near 5027 and the 4995 to 4973 region. Below that buyers should appear near 4926 to 4915.

MAY SOYMEAL
Resistance should appear near 437.0 to 438.1 and 442.5 to 444.6. A close over is friendly and augurs for a test of the 450.3 to 451.4.
Support should appear near 431.5 to 430.4 and 424.9 to 423.8. Below that buyers should appear near
418.3 to 416.3 and contain a decline. Traders can buy at 418.5 and hold for higher prices. Initially plan on risking a close under 415.9 for three days in a row

MAY CORN
Support should appear 700 ¼ to 699 and the 683 ¾ to 680 ¼ region. Below that buyers should appear near 675 ½ to 674 ¾.
Resistance should appear near 714 ¼ to 717, beyond that sellers should appear near 732 ¾ to 734 ½ and the 741 ½ to 742 ¾ region.

MAY WHEAT

Resistance should appear near 699 to 700 ¼ and the 707 ½ to 708 ¾ region. Above that sellers should appear near 724 ¼ to 725 ½.

Support should appear near 691 ¾ to 690 ¾ and 683 ¾ to 680 ¾, below that a test of 675 ½ to 674 ¼ is likely. Under that buyers should appear near 667 1/4 to 665 ¾ and contain a decline.

 

 

 

 

 

 

 

 

 

 

 

THE LIVELY LIVESTOCK

APRIL CATTLE

Support should appear near the 12740 to 12680 region. Below that buyers should appear near 12537.

Resistance should appear 12887 and the 13040 to 13100 region.

JUNE CATTLE
Support should appear near 12317 and the 12030 to 11920 region which should hold.
Resistance should appear near 12380, a close over is friendly and augurs for a test of 12527 and the 12680 to 12740 region.

APRIL HOGS

Support should appear near 8192 and the 8137 to 8117 region. Below that buyers should appear near
8047 to 8027 and the 7957 to 7937 region.
Resistance should appear near 8227 and the 8300 to 8317. A close over is friendly and augurs for a test of 8392 to 8407 and the 8482 to 8502 region, which should cap a rally.
JUNE HOGS

Support should appear near 9162 to 9142 then 9100 and the 9067 to 9047 region.  Under that buyers should appear near 8967 to 8937.
Resistance should appear near 9237 and the 9307 to 9317 region. Beyond that sellers should appear

Near 9427 to 9447.

 

 Stay tuned for Livestock flashes

THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 14210 to 14150 and 13830 to 13770.
Resistance should appear near 14530 to 14590 and the 14840 to 14960 region.  Beyond that sellers should appear near 15290 to 15350.  Traders can sell at 15270 for a turn lower and risk a close over 15400 for three days in a row.

 

MAY COCOA
Resistance should appear near 2170 to 2185 and the 2267 to 2275 region.

Support should appear near 2089 to 2080 and the 2042 to 2034 region.

MAY SUGAR
Resistance is near 1902 to 1909 and the 1946 to 1953 region. Beyond that sellers should appear near
1982 to 1996.
Support should appear near 1865 to 1858 and 1822 to 1808. Below that buyers should appear near 1780 to 1774 and the 1738 to 1731 region.

 

MAY COTTON
Support should appear near 8589 to 8560 and the 8499 to 8484 region. Below that buyers should appear near 8406 to 8391 and the 8314 to 8300 region. Traders can buy at 8407 for a bounce and risk a close under 8385 for three days in a row.
Resistance is near 8762 to 8777 and 8857 to 8872… Beyond that a test of 8934 to 8964 and beyond towards 9044 to 9060 is likely to occur.

 

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 March 10, 2013
2:15 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 Bi-Weekly Investment Outlook # 417 Sunday March 10, 2013 Equity Indices – Treasuries – Currency Trading – Forex – Precious Metals – Energy – Grains – Livestock – Softs Comments

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Feb 242013
 

FuturesCom  Bi-Weekly Investment Outlook # 416 February 24 2013  SP500 and  Equity Indices • Bonds • Currency Trading • Forex • Precious Metals • Energy • Grains • Livestock • Coffee •  Sugar • Cocoa  • Cotton.  Free Two Week Trial see https://futurescom.com/free-trial-2

        “A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”

 Ball-on-a-silver-pedestal

Saturday February 23, 2013

10:00 PM South Florida Beach Time


There are only a few trading days left in the Month. Equity Markets are higher on the year, gold is lower on the year and the dollar is higher.  Traders should stay tuned for Flashes along with Updates in all markets as investors and traders prepare for the month- end trading and the onset of March madness.

US Stocks closed better on Friday, traders should look for a more news-driven and range-bound SP500 as we enter March. Over the next week maybe two, aggressive traders can play both sides and then look for a rise into middle to late March. Look to buy a dip in the indices for a rise into mid to late March Sell a rally in June Bonds for a trade lower into March and April.

Our analysis in currency futures will roll to the June contracts in early March, therefore both Futures and Spot FX traders should stay tuned for flashes.  Aussie acts lousy, rallies should be sold .Yen remains long term bearish, but it can firm up bit. Sell a Sharp Rally in futures and Buy Dollar /Yen on a dip, avoid paying up on Dollar/Yen but remain long term long. Late Friday the UK credit rating was cut and Cable sold off sharply near the 5 PM NY close. Traders should look to Sell a rally in cable if one occurs, the next two weeks should be weak. Canuck fell harder than expected, look for a rebound into early March if it holds and sell a rally. Look to Sell a rally in Swiss the higher the better, sell June Swiss in Mid-March and look for a dip into April. Look for a range bound Euro, sell rallies against 13340 to 13460, while 13100 to 13040 can hold.  Stay tuned for Forex Flashes.

 

 

 

The sell-off in Precious metals will make the headlines and Gold is lower on the year, so is Silver
how long the weak tone will last is something only the market knows as the long term averages are negative and can last that way for a while. Nearby Silver weakness can last into Mid-March. Gold during Bull periods is typically not under the January lows and it is. There look for a range bound trade with chances for both longs and shorts. Stay tuned for flashes.  Investors need to consider the whole precious metal investment theme that began at the end of the last century can come unglued and a protracted sideways trading range with a downward slant can last for a long time. Copper typically firms into early March short term traders can look for a bounce into early March if the selling becomes more extreme.
Energies are also weak, however a rally into April should not be ruled out. Additionally February lows in Brent Crude can typically hold going into March and April. Traders should buy this dip in unleaded gas for a trade and look for geo-political disruptions to come to the forefront.

    Soybeans and products rallied hard and then sold off badly. Buy Beans and the Bean Oil and Meal on extreme weakness for a trade. Avoid lengthy selling into the decline as Soy and its products typically firm into March and early April.  For now expect a two way Market and Buy the dip to get back long.

Stay tuned for additional Flashes and updates for All Markets. On to the Nitty Gritty…
                                

                                       THE SENSATIONAL STOCK AND BOND MARKET

DOW JONES INDUSTRIAL AVERAGE
Support remains near 13,990.00 and the 3,830.00 to 13,770.00 region. Below that 13,460.00 to 13,340.00 should hold.
Resistance should appear near the 14,150.00 to 14,210.00 region which should cap an early rally.
A close over is friendly and augurs for a test of the 14,380.00

MARCH E-MINI SP500
Resistance should appear the 1529.00 to 1535.00 region. Beyond that a test of 1552.00 is likely. Trade accordingly.
Support should appear near 1496.00 to 1484.00 and should hold for a trade. Below that, buyers should appear near 1471.50 and the 1459.00 to 1453.00 region and contain a decline. Traders can buy at 1461.50 and risk a close under 1451.50 for three days in a row.
NASDAQ COMPOSITE
Resistance should appear near 3194.00 to 3213.00 where sellers should appear and cap a rally.
A close over is friendly and augurs for a test of the 3261.00 to 3270.00 region.
Support should appear near 3157.00 to 3148.00 and the 3102.00 to 3092.00 region. Below that buyers should appear near 3045.00 to 3036.00 and contain a decline.

 

MARCH E-MINI NASDAQ 100
Support should appear near the 2724.00 to 2716.00 region. Below that 2672.00 to 2663.00 should hold.
Resistance should appear near 2758.00 to 2756.00 and the 2820.00 to 2829.00 region.

 

MARCH E-MINI RUSSELL 2000

Resistance should appear near 915.60 and 923.70.Beyond that sellers should appear near the 931.60 to 934.70 region.  A close over is friendly and augurs for a test of 942.90 to 944.50
Support should appear near 910.00 and 906.00 to 904.40. Below that buyers should appear near 896.40 to 893.40 and the 887.10 to 885.60 region. Traders can buy at 887.90 and risk 5 points.

JUNE 30 YR BOND
Resistance should appear near 142-21 then 143-07 and 143-21. Beyond that sellers should appear near 144-07 and 144-21, which should cap a rally.  Traders can sell at 144-17 and risk a close over 144-23 for three days in a row.
Support should appear near 141-21 then 141-07 and 140-21. Under that buyers should appear near
139-21 and contain a decline.

JUNE 10 YR NOTE
Resistance should appear near 131-07 and 131-21, beyond that 132-21 should cap a rally.
Support should appear near 130-07 below support should appear near 129-21 and 129-07 which should hold for now.                                                           

 

                                                    THE FRENZIED FOREX FRONT

MARCH DOLLAR INDEX
Resistance should appear near 8194 to 8223, a close over augurs for a test of the 8300 to 8314 region.
Support should appear near 8134 to 9119 and should hold for now, below that buyers should appear near the 8044 to 8029 region.

MARCH JAPANESE YEN
Resistance should appear near 10820 and the 10960 to 11010 region.
Support should appear near 10680 to 10580 region, below that a test of 10470 and the 10360 to 10320 region is likely.

MARCH EURO CURRENCY
Support should appear near 13100 to 13040 and 12890.
Resistance should appear near 13340 to 13460 and 13517.

MARCH SWISS FRANC
Resistance should appear near 10820 and 10960 to 11010.
Support should appear near the 10680 to 10580 region.

MARCH BRITISH POUND
Support should appear near 14960 to 14840 and the 14590 to 14530 region.
Resistance should appear near 15290 to 15350 and 15525. Traders can sell at 15270 and hold for lower prices.

MARCH CANADIAN DOLLAR
Resistance should appear near the 9821 to 9837 and 9921 to 9937 which should cap a rally.
Support should appear near 9737 to 9706, below that a test of 9641 to 9625 is likely.

MARCH AUSSIE DOLLAR
Resistance should appear near 10320 to 10360.  Traders can sell at 10317 and risk a close over 10367 for three days in a row.
Support should appear near 10185 and the 10136 to 10104 region. Below that a test of 10037 to 10021 is likely.

 

            THE PRECIOUS METALS
APRIL GOLD

Resistance should appear near 1576 and 1592. Beyond that sellers should appear near 1609 to 1615 and the 1642 to 1655 region which should cap a rally.
Support is near 1552 and 1535 to 1529. Below that a test of 1496 to 1485 is likely.

MAY COPPER
Resistance should appear near 36130 to 36230 and 36630 to 36820.
Support should appear near 35030 to 34930 and the 34430 to 34250 region.
Traders can buy at 34450 for a bounce and hold for higher prices.

MAY SILVER
Resistance should appear near 2874 to 2883 and 2928 to 2937.
Support is at 2829 to 2820 and 2775 to 2758, under that a trade towards 2724 to 2716 is likely to occur.

THE EXCITING ENERGIES
APRIL CRUDE OIL

Support should appear near 9156 to 9140 and the 9060 to 9044 region.
Resistance should appear near 9426 to 9445 and the 9526 to 9542 region. Beyond that sellers should appear near 9625 to 9631. A close over is friendly and augurs for a test of the 9706 to 9737 region.

APRIL HEATING OIL
Support should appear near 30920 and 30450 to 30360 and the 29900 to 29720 region.
Resistance should appear near 31480 to 31570 and 31940 to 32130, beyond that a test of 32610 to 32700 is likely.                    

APRIL UNLEADED GAS
Support should appear near the 32130 to 31940 region. Below that buyers should appear near 31570 to 31450 and the 31020 to 30920 region. Traders can buy at 31600 for a bounce and risk a close under 31425 for three days in a row.

Resistance should appear 33190 to 33280, a close over is friendly and augurs for a test of the 33770 to 33860 region.
APRIL NATURAL GAS
Resistance should appear at 3377 to 3386 and 3425 to 3443, a close over is friendly and augurs for a test of the 34930 to 35030 region… Beyond that sellers should appear near 35530 to 35630 and cap a rally.
Support should appear near 3270 to 3261 and 3213 to 3194. Below that buyers should appear near the 3157 to 3148 region and contain a decline.
 

THE GRANDE’ GRAINS
MAY SOYBEANS

Support should appear near 1421 to 1415 and the 1383 to 1374 region.
Traders can buy at 1387 for a bounce and risk a close under 1373 for three days in a row.
Resistance should appear near 1453 to 1459, a close over is friendly and augurs for a test of the 1484 to 1496 region.

MAY SOYOIL
Resistance should appear near 5127 to 5139 and the 5200 to 5211 region.
Support should appear near 5067 to 5056 and the 4995 to 4973, below that buyers should appear near the 4926 to 4915 region. Traders can buy at 4930 and risk a close under 4907 for three days in a row.

MAY SOYMEAL
Resistance should appear near 437.0 to 438.1 and 442.5 to 444.6 region
Support should appear near 418.3 to 416.3 and 412.0 to 411.0 region. Below that buyers should appear near 399.2 to 398.2.           

 

MAY CORN
Support should appear 683 ¾ to 680 ¾ and the 675 ½ to 674 ¾ region… Below that buyers should appear near 667 ¼ to 665 ¾ and contain a decline.
Resistance should appear near 699 to 700 ¼ and 707 ½ to 708 ¾.

MAY WHEAT

Resistance should appear near 732 ¾ to 734 ¼ and the 741 ½ to 742 ¾ region. Beyond that sellers should appear near 758 ¾ to 760 ¾

Support should appear near 717 to 714 ¾ and the 708 ¾ to 707 ½ region. Below that 700 ¾ to 699 should contain a decline…

Trade Accordingly and Stay Tuned for Grain Flashes

 

THE LIVELY LIVESTOCK
APRIL CATTLE

Support should appear near 12740 to 12680 and the 12360 to 12320 region

Resistance should appear 13040 to 13100, a close over is friendly and augurs for a test of 13237 and the 13340 to 13460 region.

JUNE CATTLE
Support should appear near the 12380 to 12320 region.

Resistance should appear near 12680 to 12740.

APRIL HOGS

Support should appear near 8047 to 8027 and the 7957 to 7937 region
Resistance should appear near 8300 to 8317 and the 8392 to 8407 region

 

JUNE HOGS

Support should appear near 8967 to 8932 and the 8872 to 8857 region
Resistance should appear near 9137 to 9157 and the 9317 to 9347 region.

Stay tuned for
Stay Tuned for Flashes and updates in Livestock.

 

 

THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 14210 to 14150 and 13830 to 13770.
Resistance should appear near 14530 to 14590 and the 14840 to 14960 region, which should cap a rally.

 

MAY COCOA
Resistance should appear near 2170 to 2185 and 2219 to 2226.Beyond that a test of 2267 to 2275 and the 2315 to 2322 region is likely.

Support should appear near 2134 to 2126 and 2089 to 2080 which should contain a decline.
Trade Accordingly

MAY SUGAR
Resistance is near 1858 to 1865 and the 1902 to 1909 region.
Support should appear near 1807 and 1780 to 1774

 

MAY COTTON
Support should appear near 8300 and the 8223 to 8194 region. Below that buyers should appear near 8134 to 8119 and the 8044 to 8029 region.
Resistance is near 8391 to 8407 a close over is friendly and augurs for a test of 8484 to 8499 and eventually the 8668 to 8683 region.

Stay Tuned for Flashes

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 February 24, 2013
3:50 PM South Florida Beach Time 

 

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FuturesCom Bi-Weekly Investment Outlook # 416 Sunday February 24, 2013 Equity Indices – Treasuries – Currency Trading – Forex – Precious Metals – Energy – Grains – Livestock – Softs Comments

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