FuturesCom Morning Investment Comments Wednesday October 17, 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
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.”-Aristotle-
Tuesday October 16, 2012
1:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,460.00 to 13,340.00
Resistance should appear near 13,615.00 and the 13,770.00 to 13,830.00 region.
DECEMBER E-MINI SP500
Resistance should appear near the 1453.00 to 1459.00 region.
Support should appear near 1437.00 and the 1421.00 to 1415.00 region.
NASDAQ COMPOSITE
Resistance should appear near 3102.00 and 3148.00 to 3157.00.
Support should appear near 3045.00 to 3036.00
DECEMBER E-MINI NASDAQ 100
Support should appear near 2758.00 and the 2724.00 to 2716.00 region
Resistance should appear near 2775.00 and 2820.00 to 2829.00
DECEMBER E-MINI RUSSELL 2000
Resistance should appear near 839.10 to 840.60 and the 848.40 to 849.90 region
Support should appear near 831.40 to 830.00 and the 822.30 to 819.40 region
DECEMBER 30 YR BOND
Resistance should appear near 148-21 and 149-07
Support should appear near 148-07 and 147-21
DECEMBER 10 YR NOTE
Resistance should appear near 133-07 and 133-21
Support should appear near 132-21and 132-07
THE FRENZIED FOREX FRONT
DECEMBER DOLLAR INDEX
Resistance should appear near 7954 and 7991.
Support should appear near 7901 and the 7864 to 7836 region
DECEMBER JAPANESE YEN
Resistance should appear near 12740 and 12817.
Support should appear near 12617 and 12530
BW Traders should go short if a close under 12679 occurs. Stay tuned for flashes
DECEMBER EURO CURRENCY
Support should appear near 13040 and 12967
Resistance should appear near 13100 and 13167
DECEMBER SWISS FRANC
Resistance should appear near 10820 and the 10960 to 11010 region.
BW Traders can sell at 10957 and hold for lower prices
Support should appear near 10752 and the 10680 to 10580 region.
DECEMBER BRITISH POUND
Support should appear near 16090 and 15922
Resistance should appear near 16150 and 16285
DECEMBER CANADIAN DOLLAR
Resistance should appear near 10136 and 10187
Support should appear near 10104, a close under augurs for a test of the 10037 to 10021 region.
DECEMBER AUSSIE DOLLAR
Resistance should appear near 10237.Beyond that sellers should appear near
10320 to 10360 and cap a rally
Support should appear near 10185 and the 10136 to 10104 region. A close under is negative and augurs for a test of the 10037 to 10021 region. BW Traders should go short if a close under 10103 occurs and stay tuned for flashes
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1757 and 1774.00 to 1780.00
Support is near 1738 to 1731 and 1696 to 1689
DECEMBER COPPER
Resistance should appear near 37340 to 37430 and 37950 to 38060.
Support should appear near 36820 to 36630 and the 36230 to 36130 region
DECEMBER SILVER
Resistance should appear near 3319 to 3328 and 3377 to 3386.
Support is at 3270 to 3261 and 3213 to 3194
THE EXCITING ENERGIES
DECEMBER CRUDE OIL
Resistance should appear near 9316 to 9347 and the 9429 to 9445 region.
Support should appear near 9156 to 9140 and 9060 to 9044
DECEMBER HEATING OIL
Support should appear near the 31570 to 31480 region.
Resistance should appear near 32610 to 32700.
DECEMBER UNLEADED GAS
Resistance should appear near 28740 to 28830.
Support should appear near the 27750 to 27580 region
DECEMBER NATURAL GAS
Resistance should appear at 3858 to 3867
Support should appear near 3682 to 3663.
THE GRANDE’ GRAINS
JANUARY SOYBEANS
Support should appear near 1496 to1484 and 1459 to 1453
Resistance should appear near 1512 ½ and the 1529 to 1535 region
DECEMBER SOYMEAL
Resistance should appear near 457.1 to 458.2 and 463.9 to 465.0
Support should appear near 451.4 to 450.3 and 444.6 to 442.5
DECEMBER BEAN OIL
Resistance should appear near 5056 to 5067 and 5127 to 5139.
Support should appear near 4995 to 4973 and 4926 to 4915
DECEMBER CORN
Support should appear near 717 to 714 ¼ and 700 ¼ to 699
Resistance should appear near 741 ½ to 742 ¾ and 748 ¾ to 751 ¾
DECEMBER WHEAT
Resistance should appear near 856 to 858 ¾ and 866 ¾ to 868 ¼
Support should appear near 831 ¼ to 830 and 804 ½ to 802 ¾
THE LIVELY LIVESTOCK
DECEMBER CATTLE
Support should appear near 12532 and 12380 to 12320
Resistance should appear near 12680 to 12740 and 12890.
FEBRUARY CATTLE
Support should appear near 12890 and 12742 to 12677 region
Resistance should appear near 13040 to 13100
DECEMBER HOGS
Support should appear near 7777 to 7762 and 7602 to 7587
Resistance should appear near 7867 and 7937 to 7957
FEBRUARY HOGS
Support should appear near 8407 to 8392 and 8317 to 8302.
Resistance should appear near 8482 to 8502 and 8557 to 8587
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
DECEMBER COFFEE
Support should appear near 16150 to 16090 and 15760 to 15690.
Resistance should appear near 16420 to 16550 and 16890 to 16960
Stay tuned for Flashes and Trade accordingly
DECEMBER COCOA
Resistance should appear near 2411 to 2419 and 2461 to 2469
Support should appear near 2370 to 2354 and 2322 to 2315
MARCH SUGAR
Support is at 1996 to 1982 and 1953 to 1946
Resistance should appear near 2034 to 2042 and 2080 to 2089
DECEMBER COTTON
Support should appear near 7428 to 7414 then7342 to 7327 and 7170 to 7143.
Resistance is near 7486 to 7513 and 7577 to 7601
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
Tuesday October 16, 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 Futures Comments Wednesday October 17-2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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