FuturesCom Morning Investment Comments Monday March 19, 2012
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
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-
Sunday March 18, 2012
1:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 13,100 to 13,040.00.
Resistance should appear the 13,340.00 to 13,460.00 region
JUNE E-MINI SP500
Resistance should appear near the 1415.00 to 1421.00
Support should appear near 1383.00 to 1377.00.
NASDAQ COMPOSITE
Resistance should appear near 3092.00 to 3102.00.
Support should appear near 3045.00 to 3036.00.
JUNE E-MINI NASDAQ 100
Resistance should appear near the 2716.00 to 2724 region
Support should appear near 2672.00 to 2663.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 839.10 to 840.60.
Support should appear near 822.30 to 819.40 .
JUNE 30 YR BOND
Resistance should appear near 137-07 and 138-07
Support should appear near 135-07 and 134-21.
JUNE 10 YR NOTE
Resistance should appear near 129-07 and 129-21.
Support should appear near 127-21 and 127-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8029 to 8044
Support should appear near 7954 to 7939
JUNE JAPANESE YEN
Resistance should appear near 12030 and 12175.
Support should appear near 11920 and 11805
JUNE EURO CURRENCY
Support should appear near 13100 to 13040
Resistance should appear near 13220 and 13340 to 13460
JUNE SWISS FRANC
Resistance should appear near 10960 to 11010.
BW Traders should sell at 10957 and hold for lower prices.
Support should appear near 10820 and the 10680 to 10580 region.
JUNE BRITISH POUND
Support should appear near 15760 to 15690.
Resistance should appear near 15847 and 15917
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136.
Support should appear near 10037 to 10021
JUNE AUSSIE DOLLAR
Resistance should appear near 10580 to 10680.
Support should appear near 10360 to 10320
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1672 and 1689 to 1696
Support is near 1655 to 1642
MAY COPPER
Resistance should appear near 39090 to 39290 and 39820 to 39920
Support should appear near 38060 to 37950 and 37430 to 37340
MAY SILVER
Resistance should appear near 3319 to 3328 and 3377 to 3386
Support is at 3213 to 3194 and 3157 to 3148
THE EXCITING ENERGIES
MAY CRUDE OIL
Resistance should appear near 10960 to 11010
Support should appear near 10680 to 10580
APRIL HEATING OIL
Support should appear near 32700 to 32610
Resistance should appear near 33770 to 33860
APRIL UNLEADED GAS
Support should appear near 33280 to 33190
Resistance should appear near 34250 to 34430
APRIL NATURAL GAS
Support should appear at 2185 to 2170
Resistance should appear near 2354 to 2370
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1346 to 1334
Resistance should appear near the 1377 to 1383
MAY SOYMEAL
Resistance should appear near 385.7 to 386.7
Support should appear near 368.2 to 366.3
MAY BEAN OIL
Resistance should appear near 5640 to 5653
Support should appear near 5504 to 5492
MAY CORN
Support should appear near 659 ¼ to 657 ¼ and 650 ¾ to 648 ¾
Resistance should appear near 674 ¼ to 675 ½ and 680 ¾ to 683 ¾
MAY WHEAT
Resistance should appear near 674 ¾ to 675 ½ and 680 ¾ to 683 ¾ .
BW Traders can sell at 674 and risk a close over 687 for three days in a row.
Support should appear near 659 ¼ to 657 ¼ and 643 to 641 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 12175 and 12030 to 11920
Resistance should appear near 12320 to 12380
JUNE HOGS
Support should appear near 9347 to 9317
Resistance should appear near 9522 to 9542
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near 18220 to 18080 and 17800 to 17740
Resistance should appear near 19020 to 19090
MAY COCOA
Resistance should appear near 2315 to 2322
Support should appear near 2185 to 2170
MAY SUGAR
Support is at 2519 to 2511
Resistance should appear near 2612 to 2620
MAY COTTON
Resistance should appear near 8856 to 8871 and 9044 to 9060.
Support should appear 8683 to 8668 and 8314 to 8300
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 March 18, 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 RELAIBLE 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 Monday March 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.
