FuturesCom Morning Investment Comments Thursday July 19, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2
Wednesday July 18, 2012
4:00 PM South Florida Beach Time
“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.
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,740.00 to 12,680.00.
Resistance should appear near the 13,040.00 to 13,100.00 region.
SEPT E-MINI SP500
Resistance should appear near 1377.00 to 1383.00.
Support should appear near 1346.00 to 1334.00.
NASDAQ COMPOSITE
Resistance should appear near 2972.00 to 2990.
Support should appear near the 2883.00 to 2874.00
SEPT E-MINI NASDAQ 100
Support should appear near the 2663.00 to 2672.00
Resistance should appear near 2620.00 to 2612.00
SEPT E-MINI RUSSELL 2000
Resistance should appear near 811.90 to 813.40.
Support should appear near the 795.40 to 793.90.
SEPT 30 YR BOND
Resistance should appear near 151-21.Beyond that a test of 152-21 is likely.
Support should appear near 150-21 and 150-07
SEPT 10 YR NOTE
Resistance should appear near 135-07. Beyond that Sellers should appear near 135-21 and 136-07 which should cap a rally
Support should appear near 134-07 and 133-21
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8391 to 8406.
Support should appear near 8300 and 8223 to 8194.
BW Traders can buy at 8227 and hold for higher prices, initially risk a close 8187 for three days in a row. Stay tuned for flashes
SEPT JAPANESE YEN
Resistance should appear near 12740 and 12890
Support should appear near 12607 and 12530.
SEPT EURO CURRENCY
Support should appear near 12247 and 12175.
Resistance should appear near 12320 to 12380 and 12530
SEPT SWISS FRANC
Resistance should appear near 10320 to 10360. BW Traders can sell at 10317 for a turn lower and risk a close over 10370 for three days in a row.
Support should appear near 10135 to 10104
SEPT BRITISH POUND
Support should appear near 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 and 15847. BW Traders can sell at 15687 and risk a close over 15770 for three days in a row.
SEPT CANADIAN DOLLAR
Resistance should appear near 9921 to 9937 and the 10021 to 10037 region.
BW Traders can sell at 10017 and hold for lower prices…
Support should appear near 9836 to 9821 and 9737 to 9706.
SEPT AUSSIE DOLLAR
Resistance should appear near the 10320 to 10360 region.
Support should appear near 10136 to 10104 and 10037 to 10021.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1576 and 1591.5
Support is near 1569. Below that buyers should appear near 1535 to 1529
BW Traders can buy at 1537 and hold for higher prices.
SEPT COPPER
Resistance should appear near 35530 to 35630 and the 36130 to 36230 region.
Support should appear near 34430 to 34250 and the 33280 to 33190 region.
SEPT SILVER
Resistance should appear near 2758 to 2775
Support is at 2620 to 2612
THE EXCITING ENERGIES
SEPTEMBER CRUDE OIL
Resistance should appear near 9044 to 9060 and 9140 to 9156.
Support should appear near 8964 to 8934 then 8871 to 8856 and 8777 to 8762
SEPTEMBER HEATING OIL
Support should appear near the 28290 to 28200
Resistance should appear near the 29280 to 29370 region which should cap a rally. Trade accordingly
SEPTEMBER UNLEADED GAS
Support should appear near 27240 to 27160
Resistance should appear near the 28200 to 28290 region.
SEPTEMBER NATURAL GAS
Resistance should appear at 3036 to 3045
Support should appear near 2883 to 2874
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 1615 to 1609
Resistance should appear near 1642 to 1655
DECEMBER SOYMEAL
Resistance should appear near 484.5 to 485.6
Support should appear near 458.2 to 457.1
DECEMBER BEAN OIL
Resistance should appear near 5553 to 5577. Beyond that sellers should appear near 5640 to 5653
Support should appear near 5356 to 5344 and the 5282 to 5259 region.
DECEMBER CORN
Support should appear near 777 ¾ to 776 ¾
Resistance should appear near 793 ¾ to 795 ¾
DECEMBER WHEAT
Resistance should appear near 931 ¾ to 934 ¾
Support should appear near and 877 ¾ to 876 ¼
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 12030 to 11920
Resistance should appear near 12320 to 12380 and 12530
OCTOBER HOGS
Support should appear near 7867 to 7837
Resistance should appear near 8192 to 8222
DECEMBER HOGS
Support should appear near 7692 to 7672
Resistance should appear near 7937 to 7962
THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near 18080 and the 17380 to 17310 region.
Resistance should appear near 18580 to 18650 then 19020 to 19090 and the 19460 to 19530 region
SEPT COCOA
Resistance should appear near 2267 to 2275 and the 2354 to 2370 region
Support should appear near 2185 to 2170 and the 2134 to 2126 region .
OCTOBER SUGAR
Support is at 2226 to 2219 and the 2185 to 2170 region
Resistance should appear near the 2315 to 2322 and the 2411 to 2419 region.
DECMBER COTTON
Support should appear near 7088 to 7074 and 7003 to 6990. Below that a test of 6673 to 6659 is likely Resistance is 7328 to 7342 and the 7763 to 7777 region. Beyond that sellers should appear near 8029 to 8044 and cap a rally.
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
Wednesday July 18, 2012
5:30 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 Comments Thursday July 19, 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
