FuturesCom Bi-Weekly Investment Outlook # 398 Sunday June 17 2012 SP500 and Equity Indices • Bonds • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. Free Two Week Trial see https://futurescom.com/free-trial-2 .
Courage in a Speculator is merely confidence to act on the decision of his mind.
Saturday June 16, 2012 5:00 AM South Florida Beach Time
With the abundance of News this week traders should stay tuned for updates and flashes in all markets.
Equity Markets closed well on Friday, but are below the March Highs, typically a dip should be seen as we enter the later part of the third week June and early part of the fourth week of June with window dressing for the quarter coming in the last few days on the month. Forex Markets will be a trading affair with every Ebb and Flow of News. Stay tuned for Flashes. There is a seasonal tendency for Treasury futures to rally a bit into the end of June, especially the 30 Year Bonds and they can be firm until August…
Crude tends to dip into late June and then firms into mid July and August. Traders should buy dips in Crude Oil using August and Sept Contracts. Also be willing to sell Sharp Rallies however with less emphasis on being short for now. Unleaded Gas usually dips into the middle to end of the 3rd week of June then rallies till mid august. We want to use the weakness to buy August and Sept Unleaded Gas. Natural Gas typically has a rough time mid to late June to the middle of July. Gold typically can dip into early July Look to Sell Strength for trading then buying extreme weakness near the end of the month for a rally into August. Silver should be considered a trading affair with a weak tone until autumn.
Selling Coffee on Rallies should work until late August and September. The Soybean Complex usually is in the process of making highs now, selling Rallies for weakness into the end of June and waiting for a rally into Mid July and August should yield lower prices into autumn. Corn is a sale on a rally while wheat should make its lows over the next month and is a trading affair for now. Sugar should be firm into July Buy Dips but past the First week of July the rallies may wane a bit Be prepared top place both sides of the pork complex, look to short the back end of Hogs on rallies for a long term trade, stay tuned for Flashes in livestock .
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near the 12,680.00 and the 12,380.00 to 12,320.00 region.
Resistance should appear near 12,890.00 and the 13,040.00 to 13,100.00 region.
SEPT E-MINI SP500
Resistance should appear near 1377.00 to 1383.00 and the 1415.00 to 1421.00 region
Support should appear near 1334.00 then 1322.00 and the 1310.00 to 1304.00 region
NASDAQ COMPOSITE
Resistance should appear near 2874.00 to 2883.00 and the 2928.00 to 2937.00 region. Beyond that sellers should appear near 2972.00 to 2990 and the 3036 to 3045 region.
Support should appear near the 2829.00 to 2820 and the 2775.00 to 2758.00 region.
SEPT E-MINI NASDAQ 100
Support should appear near the 2552.00 and the 2519.00 to 2511.00 region. A close under is negative and augurs for a test of the 2469.00 to 2461.00 region
Resistance should appear near 2612.00 to 2629.00 and the 2663.00 to 2672.00 region. Beyond that sellers should appear near 2716.00 to 2724.00 and the 2758.00 to 2775.00 region and cap a rally.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 776.30 to 777.70 and the 783.60 to 786.40 region. Beyond that seller sellers should appear near 793.90 to 795.40 and the 802.90 to 804.40 region.
Support should appear near the 760.10 to 759.70 and the 751.30 to 748.60 region. Below that a test of 734.20 to 732.80 is likely. Trade accordingly.
SEPT 30 YR BOND
Resistance should appear near 150-07 and 151-07. Beyond that sellers should appear near 152-21 and 153-07 which should cap a rally.
Support should appear near 149-07 and 148-21, below that a test of 147-21 and 147-07 is likely.
SEPT 10 YR NOTE
Resistance should appear near 134-21 and 135-07. Beyond that Sellers should appear near 135-21 and 136-07 which should cap a rally
Support should appear near 133-21 Below that buyers should appear near 132-21 a close under is negative and augurs for a test of 131-07 which should hold for now.
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8300 to 8314 and 8391 to 8406.
Support should appear near 8134 to 8119 and 8044 to 8029.
SEPT JAPANESE YEN
Resistance should appear near 12890 and the 13040 to 13100 region.
Support should appear near 12680 a close under is negative and augurs for a test of the 12530 and the 12380 to 12320 region.
SEPT EURO CURRENCY
Support should appear near 12530 and the 12380 to 12320 region.
Below that buyers should appear near 12030 to 11920… Traders can buy at 12035 and Hold for higher prices.
Resistance should appear near 12680 to 12740 then 12890 and the 13040 to 13100 region.
Traders can sell at 13030 and hold for lower prices…
SEPT SWISS FRANC
Resistance should appear near 10815 and 10960 to 11010. Aggressive Traders can sell at 10955 for a turn lower and risk a close over 11015 for three days in a row.
Support should appear near 10470 then 10360 to 10320 and 10135 to 10104
SEPT BRITISH POUND
Support should appear near 16007 then 15525 and 15350 to 15290.
Resistance should appear near 15760 and 16090 to 16150
SEPT CANADIAN DOLLAR
Resistance should appear near 9821 to 9837 and the 9921 to 9937 region.
Support should appear near 9737 to 9706, below that a slip towards 9641 to 9625 is likely and should hold.
SEPT AUSSIE DOLLAR
Resistance should appear near 10104 to 10136 and the 10320 to 10360 region
Support should appear near 9937 to 9921 and 9837 to 9821.
Stay tuned for Flashes ….
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near the1642 to 1655 region. Beyond that sellers should appear near 1689 to 1696 and the 1731 to 1738 region. Traders can sell at 1687 and hold for lower prices.
Support is near 1615 to 1609. Below that a test of 1576 to 1569 is likely, which should hold for now.
Below that buyers should appear near 1535 to 1529… Traders can buy at 1537 and hold for higher prices.
SEPT COPPER
Resistance should appear near 34430 to 3425 region, beyond that sellers should appear near 34930 to 35030 and the 35530 to 35630 region.
Support should appear near 33280 to 33190 and 32700 to 32610
SEPT SILVER
Resistance should appear near 2928 to 2937 region. Beyond that sellers should appear near 2972 to 2990 and 3036 to 3045.
Support is at 2829 to 2820 and the 2775 to 2758 region. Below that a test of 2724 to 2716 is likely.
THE EXCITING ENERGIES
AUGUST CRUDE OIL
Resistance should appear near 8484 to 8499 and 8560 to 8589. Beyond that a test of 8668 to 8683
and the 8762 to 8777 region is likely.
Support should appear near 8314 to 8300 and 8223 to 8194. Below that buyers should appear near 8044 to 8029 and the 7954 to 7939 region. Traders can buy at 8045 and risk a close under 7935 for three days in a row.
AUGUST HEATING OIL
Support should appear near the 26100 to 26120 region, which should hold, below that a test of 25680 to 25520 and 24690 to 24610 is likely
Resistance should appear near 26630 to 26720 and the 27160 to 27240 region. Beyond that sellers should appear near the 28200 to 28290 region which should cap a rally. Trade accordingly
AUGUST UNLEADED GAS
Support should appear near 25680 to 25520 and the 25190 to 25110 region…Traders can buy at 25200 and risk a close under 24600 for three days in a row… Below that buyers should appear near 24190 to 24110.
Resistance should appear near the 27160 to 27240 and the 2800 to 28290 region. Beyond that sellers should appear near 28740 to 28830 and cap a rally
AUGUST NATURAL GAS
Support should appear at 2275 to 2268 and the 2185 to 2170 region.
Resistance should appear near 2612 to 2620 and the 2672 to 2663 region
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 1310 to 1304 and the 1274 to 1268 region.
Resistance should appear near 1334 to 1346 and the 1377 to 1383 region.
Traders can sell at 1376 and hold for lower prices… Risk a close over 1387 for three days in a row.
DECEMBER SOYMEAL
Resistance should appear near 404.6 to 405.6 and 411.0 to 412.2. Traders can Sell at 404.5 and risk a close over 413.0 for three days in a row. Beyond that sellers should appear near 423.8 to 424.9 and cap a rally.
Support should appear near 380.6 to 379.5 and the 374.3 to 373.4 region. Below that a buyers should appear near 362.3 to 361.3
DECEMBER BEAN OIL
Support should appear near 4856 to 4845 and the 4785 to 4775 region, below that a test of 4717 to 4695 and the 4650 to 4639 region is likely
Resistance should appear near 4973 to 4995 and the 5056 to 5067 region. Beyond that sellers should appear near 5127 to 539 and cap a rally. Traders can sell at 5055 and hold for lower prices.
DECEMBER CORN
Support should appear near 485 ¾ to 484 ½ and the 478 ½ to 477 ½ region
Resistance should appear near the 512 ¾ to 513 ¾ and the 525 ¾ to 528 ½ region. Beyond that sellers should appear near 541 ¾ to 543 and cap a rally. Traders can sell at 540 ¾ and risk a close over 551 for three days in a row.
DECEMBER WHEAT
Resistance should appear near 657 ¾ to 659 and the 674 ¼ to 675 ½ region. Beyond that sellers should appear near 680 ¾ to 683 ¾
Support should appear near 635 to 633 ¾ and 619 to 616 ½. Below that buyers should appear near 603 ½ to 602 ¼ and the 595 ¾ to 594 ½ region
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 11640 and the 11360 to 11300 region
Resistance should appear near 11690 and 11817… Beyond that sellers should appear near
11920 to 12030.
AUGUST HOGS
Support should appear near 9062 to 9037, failure there indicates a test of 8967 to 8932 and 8872
to 8857.. Traders can buy at 8877 for a bounce and risk a close under 8847 for three days in a row.
Resistance should appear near 9237 and the 9312 to 9347 region, Traders can sell at 9307 and hold for lower prices .Stay tuned for Flashes
OCTOBER HOGS
Support should appear near 8047 to 8027 and the 7957 to 7932 region
Resistance should appear near 8192 to 8222 and the 8300 to 8317 region.
Aggressive Traders can sell at 8192 and hold for lower prices.
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near the 14960 to 14840 and eventually the 14590 to 14530 region.
Resistance should appear near 15690 to 15760…Traders can sell at 15680 and hold for lower prices. Beyond that sellers should appear near16090 to 16150 and the 16420 to 16550 region.
SEPT COCOA
Resistance should appear near 2267 to 2275 and 2354 to 2370
Support should appear near 2042 to 2034 and the 1996 to 1982 region..
OCTOBER SUGAR
Support is at 1909 to 1902 and the 1865 to 1848 region. Traders can buy at 1954 and risk a close under 1899 for three days in a row, below that buyers should appear near 1865 to 1858.
Resistance should appear near the 2034 to 2042 region. Beyond that sellers should appear near 2080 to 2089 and the 2126 to 2134 region.
DECMBER COTTON
Support should appear near 6836 to 6809 and the 6755 to 6743 region. Below that a test of 6673 to 6659 and eventually the 6350 to 6337 region
Resistance is 7328 to 7342 and the 7763 to 7777 region. Beyond that sellers should appear near 8029 to 8044 and cap a rally. Traders can sell at 8020 for a turn and risk a close over 8330 for three days in a row. 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 June 17, 2012
1:45 PM South Florida Beach Time
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FuturesCom Bi-Weekly Investment Outlook # 398 Sunday June 17, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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