FuturesCom Morning Investment Comments Thursday March 15, 2012Equity 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-
Wednesday March 14, 2012
2:00 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 and 12,890.000.
Resistance should appear 13,220.00 and the 13,340.00 to 13,460.00 region
JUNE E-MINI SP500
Resistance should appear near 1399.00 and 1415.00 to 1421.00
Support should appear near 1383.00 to 1377.00 and 1361.50.
NASDAQ COMPOSITE
Resistance should appear near 3036.00 to 3045.00.
Support should appear near 2990.00 to 2972.00.
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 819.40 to 822.30 and 830.00 to 831.40.
Support should appear near 813.40 to 811.90 and 804.40 to 802.90.
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 8119 to 8134
Support should appear near 8044 to 8029
JUNE JAPANESE YEN
Resistance should appear near 12030 and 12175.
Support should appear near 11920 and 11805
JUNE EURO CURRENCY
Support should appear near 12890 and 12740 to 12680
Resistance should appear near 13040 to 13100.
JUNE SWISS FRANC
Resistance should appear near 10820 and 10890.
Support should appear near the 10680 to 10580 region.
JUNE BRITISH POUND
Support should appear near 15525 and the 15350 to 15290 region.
Resistance should appear near 15690 to 15760 and 15847
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136.
Support should appear near 10037 to 10021 and 9937 to 921
JUNE AUSSIE DOLLAR
Resistance should appear near 10470 and 10580 to 10680.
Support should appear near 10320 then 10237 and 10136 to 10104
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1642 to 1655 and 1672
Support is near 1615 to 1609
MAY COPPER
Resistance should appear near 38580 to 38670 and 39090 to 39290
Support should appear near 38060 to 37950 and 37430 to 37340
MAY SILVER
Resistance should appear near 3261 to 3270 and 3319 to 3328
Support is at 3157 to 3148 and 3045 to 3036
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 10580 to 10680
Support should appear near 10470 and the 10360 to 10320 region.
BW Traders can buy at 10367 for a bounce and hold for higher prices.
APRIL HEATING OIL
Support should appear near 32130 to 31940
Resistance should appear near 33190 to 33250
APRIL UNLEADED GAS
Support should appear near 33280 to 33190 and 32700 to 32610
Resistance should appear near 33770 to 33860 and the 34250 to 34430 region.
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 and 1322
Resistance should appear near the 1377 to 1383
MAY SOYMEAL
Resistance should appear near 373.4 to 374.3
Support should appear near 356.3 to 355.3
MAY BEAN OIL
Resistance should appear near 5553 to 5577.
BW Traders can sell at 5552 for a turn lower and risk a close over 5670 for three days in a row.
Support should appear near 5430 to 5418 and 5356 to 5344
MAY CORN
Support should appear near 650 ¾ to 648 ¾ and 643 to 641 ¾
Resistance should appear near 665 ¾ to 667 ¼ and 674 ¼ to 675 ½
MAY WHEAT
Resistance should appear near 657 ¾ to 659 ¼ beyond that sellers should appear near 665 ¾ to 667 ¼ and 674 ¾ to 675 ½ and cap a rally. BW Traders can sell at 674 and risk a close over 687 for three days in a row.
Support should appear near 643 to 641 ¾ and 635 to 633 ¾.
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 12380 to 12320
Resistance should appear near 12530 and the 12680 to 12740 region
APRIL HOGS
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance should appear near 8762 to 8777 and 8857 to 8872
JUNE HOGS
Support should appear near 9447 to 9422 and 9347 to 9317
Resistance should appear near 9522 to 9542 and 9622 to 9642.
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near the 17800 to 17740
Resistance should appear near 19020 to 19090.
MAY COCOA
Resistance should appear near 2354 to 2370 and 2411 to 2419.
Support should appear near 2275 to 2267 and 2185 to 2170
MAY SUGAR
Support is at the 2370 to 2354
Resistance should appear near 2461 to 2469
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
Wednesday March 14, 2012
2:45 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 Thursday March 15, 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.
Tuesday March 13, 2012 