FuturesCom Bi-Weekly Investment Outlook # 393 Saturday April 07, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains •
Livestock • Softs. 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.”
Saturday April 7, 2012
11:00 PM 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 the 12,740.00 to 12,680.00 region.
Resistance should appear near 13,100.00 then 13,220.00 and the 13,340.00 to 13,460.00 region. .
JUNE E-MINI SP500
Resistance should appear near 1377.00 to 1383.00 then 1399.00 and the 1415.00 to 1421.00 region.
Support should appear near 1361.50 and the 1346.00 to 1334.00 region.
NASDAQ COMPOSITE
Resistance should appear near 3092.00 to 3102.00 and the 3148.00 to 3157.00 region.
Support should appear near 3045.00 to 3036.00 and the 2990.00 to 2972.00 region.
JUNE E-MINI NASDAQ 100
Resistance should appear near 2758.00 to 2775.00 and the 2820.00 to 2829.00 region
Support should appear near 2724.00 to 2716.00 region Below that a test of 2672.00 to 2663.00 is likely, failure there augurs for a test of 2620.00 to 2612.00 which should contain a decline.
JUNE E-MINI RUSSELL 2000
Resistance should appear near the 811.90 to 813.40 and the 819.40 to 822.30 region. Beyond that sellers should appear near 830.00 to 831.40 and cap a rally
Support should appear near 795.40 to 793.90 and the 786.40 to 783.60 region… Below that buyers should appear near 777.70 to 776.30 region… Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 140-21 and 141-07, beyond that sellers should appear near
142-07 and cap a rally.
Support should appear near 139-21 and 138-21. Below that a test of 138-07 is likely
JUNE 10 YR NOTE
Resistance should appear near 131-21 and 132-07 , beyond that sellers should appear near 132-21 and cap a rally
Support should appear near 130-21 and 130-07 a close under is negative and augurs
for a test of 129-21 and 129-07 which should hold for now.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8029 to 8044 a close over is friendly and augurs for a test of
8119 to 8134.
Support should appear near 7954 to 7939 and the 7864 to 7836 region, which should contain a decline. Traders can buy at 7991 and risk a close under 7933 for three days in a row.
JUNE JAPANESE YEN
Resistance should appear near the 12320 to 12380 region. Traders can sell at 12312 and hold for lower prices.
Support should appear near 12175 and the 12030 to 11920 region. A close under is negative and augurs for a test of 11690 to 11640. Trade accordingly and stay tuned for flashes
JUNE EURO CURRENCY
Support should appear near 13040, a close under is negative and augurs for a test of 12890, below that buyers should appear near 12740 to 12680
Resistance should appear near 13100 then 13220 and the 13340 to 13460 region.
Traders can sell at 13217 and hold for lower prices.
JUNE SWISS FRANC
Resistance should appear near 10960 to 11010 then 11082 and 11155.
Support should appear near 10820 and the 10680 to 10580 region.
JUNE BRITISH POUND
Support should appear near 15760 to 15690 and 15525
Resistance should appear near 15927 and the 16090 to 16150 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 10021 to 10037 and 10104 to 10136.
Support should appear near 9937 to 9921, a close under is negative and augurs for a test of 9837 to 9821 and the 9737 to 9721 region… Trade Accordingly.
JUNE AUSSIE DOLLAR
Resistance should appear near 10237 and the10320 to 10360 region, which should cap a rally.
Support should appear near 10136 to 10104 and the 10037 to 10021 region.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1642 to 1655 then 1672 and the 1689 to 1696 region
Traders can sell at 1688 and hold for lower prices… Beyond that sellers should appear near
1731 to 1738.
Support is near 1615 to 1609 a close under is negative and augurs for a test of 1576 to 1569… Below that a test of 1535 to 1529 is likely.
MAY COPPER
Resistance should appear near 37950 to 38060 and 38580 to 38670. Beyond that sellers should appear near 39090 to 39290 and cap a rally.
Support should appear near 37430 to 37340, failure there augurs for a slip towards 36820 to 36630 and the 36230 to 36130 region…
MAY SILVER
Resistance should appear near 3194 to 3213 and 3261 to 3270, which should cap a rally. Beyond that sellers should appear near 3319 to 3328
Support is at 3157 to 3148 and the 3102 to 3092 region. Below that a test of 3045 to 3036 is likely.
THE EXCITING ENERGIES
JUNE CRUDE OIL
Resistance should appear near 10470 and the 10580 to 10680 region Beyond that a test of 10960 to 11010 is likely.
Support should appear near the 10360 to 10320 region. Below that buyers should appear near 10185 and the 10136 to 10104 region
MAY HEATING OIL
Support should appear near 31570 to 31480 and the 31020 to 30920 region. Below that buyers should appear near the 30450 to 30360 region.
Resistance should appear near 31940 to 32130 and the 32610 to 32700 region. A close over is friendly and augurs for a test of 33190 to 33280 and beyond…
MAY UNLEADED GAS
Support should appear near 33280 to 33190 and 32700 to 32610. Below that buyers should appear near 32130 to 31940 and contain a decline.
Resistance should appear near 34250 to 34430 region. Beyond that sellers should appear near 36130 to 36230.
MAY NATURAL GAS
Support should appear at 20420 to 20340 and the 19960 to 19820 region.
Resistance should appear near 21700 to 21850 and the 23150 to 23220 region.
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1421 to 1415 and 1383 to 1377.
Resistance should appear near the 1453 to 1459 and the 1484 to 1496 region.
MAY SOYMEAL
Resistance should appear near 398.2 to 399.2 and the 404.6 to 405.6 region. Beyond that sellers should appear near 416.3 to 418.3 and cap a rally.
Support should appear near 390.9 and the 386.7 to 385.8, a close under is negative and augurs for a test of 374.3 to 373.4 and the 368.2 to 366.3 region.
MAY BEAN OIL
Resistance should appear near 5716 to 5729 and the 5792 to 5805 region. Beyond that sellers should appear near 5855 to 5880 and cap a rally.
Support should appear near 5653 to 5640 and the 5577 to 5553 region. A close under is negative and augurs for a test of 5430 to 5418.
MAY CORN
Support should appear near 643 to 641 ¾ and 635 to 633 ¾ a close under is negative and augurs for a test of 619 to 616 ½ and the 603 ½ to 602 ¼ region.
Resistance should appear near 665 ¾ to 667 ¼ and the 674 ¼ to 675 ½ region. Beyond that sellers should appear near 690 ¾ to 691 ¾ and cap a rally.
JULY WHEAT
Resistance should appear near 665 ¾ to 667 ¾ and the 674 ¾ to 675 ½ region. Beyond that sellers should appear near 680 ¾ to 683 ¾ and the 690 ¾ to 691 ¾ region and cap a rally. Traders can sell at 680 and hold for lower prices.
Support should appear near 635 to 633 ¾, failure there is negative and indicates a trade towards the
619 to 616 ½ region.
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11360 to 11300 and the 11010 to 10960 region , a close under is negative and augurs for a test of the 10680 to 10580 region
Resistance should appear near 11640 to 11690 and the 11920 to 12030 region , which should cap a rally.
JUNE HOGS
Support should appear near 9347 to 9317, a close under is negative and augurs for a test of 9237 and then 9157 to 9142 region. Which should hold, failure there is negative and augurs for a test of 9062 to 9042 is likely.
Resistance should appear near 9427 to 9447and the 9527 to 9542 region which should cap a rally.
OCTOBER HOGS
Support should appear near 8407 to 8392 and the 8317 to 8302 region
Resistance should appear near 8557 to 8587 and the 8667 to 8682 region
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near 18220 to 18080, a close under is negative and augurs for a test of
the 17380 to 17310 and the 16960 to 16890 region.
Resistance should appear near 18580 to 18620 and the19020 to19090 region.
Traders can sell at 19010 and hold for lower prices.
JULY COCOA
Resistance should appear near 2170 to 2185 and the 2219 to 2226 region… Beyond that sellers should appear near 2267 to 2275 and cap a rally.
Support should appear near 2089 to 2080 and the 1953 to 1946 region. A close under is negative and augurs for a test of 1909 to 1902 and the 1865 to 1858 region.
JULY SUGAR
Support is at the 2322 to 2315 and the 2275 to 2267 region, failure there is negative and augurs for a test of the 2185 to 2170 region.
Resistance should appear near 2411 to 2419 and the 2511 to 2519 region. Beyond that sellers should appear near 2612 to 2620 and cap a rally.
JULY COTTON
Resistance should appear near 8934 to 8964. Traders can sell at 8930 and hold for lower prices. .
Beyond that sellers should appear near 9044 to 9060 and the 9140 to 9156 region.
Support should appear 8777 to 8762. Below that a test of 8683 to 8668 and the 8314 to 8300 region is likely. 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 April 8, 2012
5:00 AM South Florida Beach Time
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FuturesCom Bi-Weekly Investment Outlook #393 Saturday April 07 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs FuturesCom Investment Publications 1- 772-236-9294 Terms of Use and Agreement https://www.futurescom.com/policies.html FuturesCom Investment Publications © 2012 All Rights Reserved.
