FuturesCom Morning Investment Comments Friday October 26, 2012 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. 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–
Thursday October 25, 2012
5:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,040.00 and 12,890.00.
Resistance should appear near 13,155.00 and 13,220.00
DECEMBER E-MINI SP500
Resistance should appear near 1415.00 to 1421.00 and 1437.00
Support should appear near 1399.50, below that buyers should appear near 1383.00 to 1377.00.
NASDAQ COMPOSITE
Resistance should appear near 2990.00 and 3036.00 to 3045.00.
Support should appear near 2954.50 and the 2937.00 to 2928.00 region.
DECEMBER E-MINI NASDAQ 100
Support should appear near 2620.00 to 2612.00 and 2590.00.
Resistance should appear near 2641.50 then 2663.00 to 2672.00 and 2694.00
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 819.40 to 822.30 and the 830.00 to 831.40 region.
Support should appear near 804.40 to 802.90 region. Below that a test of 795.40 to 793.90 is likely.
DECEMBER 30 YR BOND
Resistance should appear near 147-07 and 147-21
Support should appear near 146-21 and 146-07
DECEMBER 10 YR NOTE
Resistance should appear near 132-21 and 133-07
Support should appear near 131-21and 131-07
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 8029 to 8044.
Support should appear near 7991 and 7954 to 7939.
DECEMBER JAPANESE YEN
Resistance should appear near 12530 and 12607.
Support should appear near the 12380 to 12320 region.
DECEMBER EURO CURRENCY
Support should appear near 12890 and 12815.
Resistance should appear near 12965 and 13040 to 13100
DECEMBER SWISS FRANC
Resistance should appear near 10752 and 10820. Beyond that sellers should appear near 10960 to 11010. BW Traders can sell at 10957 and hold for lower prices.
Support should appear near 10680 to 10630 and 10580.
DECEMBER BRITISH POUND
Support should appear near 16090 and 16017.
Resistance should appear near 16150 and 16287
DECEMBER CANADIAN DOLLAR
Resistance should appear near 10104 to 10136. BW Traders can sell at 10103 and a risk over close over 10138 for three days in a row.
Support should appear near 10037 to 10021. Below that a test of 9937 to 9921 is likely.
DECEMBER AUSSIE DOLLAR
Resistance should appear near 10320 to 10360
Support should appear near 10228 and 10185.
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near the 1713.5 and 1731.00 to 1738.00.
Support is near the 1696.0 to 1689.0 region.
DECEMBER COPPER
Resistance should appear near 36130 to 36230 and 36630 to 36820
Support should appear near 35520 and the 35030 to 34930 region
DECEMBER SILVER
Resistance should appear near 3261 to 3270.
Support is at 3194 and 3157 to 3148.
THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Resistance should appear near 8668 to 8683 and the 8762 to 8777 region
Support should appear near 8589 to 8560 and the 8499 to 8484 region.
DECEMBER HEATING OIL
Support should appear near 30450 to 30360 and 29900 to 29720.
Resistance should appear near 30920 to 31020 and 31480 to 31570
DECEMBER UNLEADED GAS
Resistance should appear near 26630 to 26720 and 27160 to 27240.
Support should appear near 26200 to 26120 and 25680 to 25520.
DECEMBER NATURAL GAS
Resistance should appear at 3858 to 3867 and 3982 to 3992
Support should appear near 3743 to 3734 and 3682 to 3663.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 1535 to 1529 and the 1496 to 1489 region.
Resistance should appear near 1569 to 1576 and the 1609 to 1615 region
DECEMBER SOYMEAL
Resistance should appear near 484.5 to 485.6 and the 491.5 to 492.6 region.
Support should appear near 478.5 to 477.5 and 471.7 to 469.5
DECEMBER BEAN OIL
Resistance should appear near 5200 to 5211 and the 5259 to 5282 region.
Support should appear near 5067 to 5056, a close under is negative and augurs for a test of 4995 to 4973.
DECEMBER CORN
Support should appear near 742 ¾ to 741 ¾ and 734 ¼ to 742 ¾.
Resistance should appear near 767 ½ to 768 ¾… Beyond that sellers should appear near 776 ¾ to 777 ¾ and cap a rally.
DECEMBER WHEAT
Resistance should appear near 885 ¾ to 887 ¼ and 893 ½ to 896 ½
Support should appear near 868 ¼ to 866 ¾ and 849 ¾ to 848 ½.
THE LIVELY LIVESTOCK
DECEMBER CATTLE
Support should appear near 12530 and 12380 to 12320
Resistance should appear near 12680 to12740.
FEBRUARY CATTLE
Support should appear near 12890 and 12817
Resistance should appear near 12967 and 13040 to13100
DECEMBER HOGS
Support should appear near 7777 to 7762 and 7692 to 7672
Resistance should appear near7837 to 7867 and 7937 to 7957.
FEBRUARY HOGS
Resistance should appear near 8482 to 8502 and 8557 to 8592.
Support should appear near 8407 to 8392 and 8317 to 8302
THE SATISFYING SOFTS
DECEMBER COFFEE
Support should appear near 15760 to 15690
Resistance should appear near 16420 to 16550.
DECEMBER COCOA
Resistance should appear near 2461 to 2469.
Support should appear near 2370 to 2354
MARCH SUGAR
Support is at 1953 to 1945 and 1909 to 1902
Resistance should appear near 1982 to 1996 and 2034 to 2042 .
DECEMBER COTTON
Support should appear near 7170 to 7142 and 7088 to 7074
Resistance is near 7328 to 7342 and 7486 to 7513.
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
Thursday October 25, 2012
6:00 PM ET 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 Friday October 26-2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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