Futurescom
Bi-Weekly Investment Outlook # 390
Sunday February 26, 2012
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
Sunday February 26, 2012
8:00 AM South Florida Beach Time
Stay tuned for updates and flashes in all markets.
We will Forex Market and Index market anaysis to June over the next two weeks.
THE SENSATIONAL STOCK AND BOND MARKETS
Dow Jones Industrial Average
Support should appear near 12,740.00 to 12,680.00 and 12,530.00.
Resistance should appear near 13,040.00 to 13,100 and cap a rally.
MARCH E-MINI SP500
Resistance should appear near the 1377.00 to 1383.00 and the 1415.00 to 1421.00 region
Support should appear near 1361.50 and 1346.00 to 1334.00 a close under is negative and augurs for a test of 1322.00 and the 1310.00 to 1304.00 region, which should contain a decline.
NASDAQ COMPOSITE
Resistance should appear near the 2972.00 to 2990.00 region. Beyond that sellers should appear near 3036.00 to 3045.00
Support should appear near 2937.00 to 2928.00 and the 2883.00 to 2874.00 region.
MARCH E-MINI NASDAQ 100
Resistance should appear near 2612.00 to 2620.00 and the 2663.00 to 2672.00 region. Beyond that sellers should appear near 2716.00 to 2724.00.
Support should appear near 2568.00 to 2552.00 and the 2519.00 to 2511 region.
MARCH E-MINI RUSSELL 2000
Resistance should appear near the 830.00 to 831.40 region. Beyond that sellers should appear near 839.10 to 840.60 and 848.40 to 849.90 and cap a rally
Support should appear near 813.40 to 811.90 and 804.40 to 802.90, below that a test of 795.40 to 793.90 is likely to occur.. Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 142-07 and142-21, beyond that sellers should appear near 143-07 and 143-21, which should cap a rally.
Support should appear near 141-07 then 140-21 and 139-2, which should hold.
JUNE 10 YR NOTE
Resistance should appear near 132-07 and the 133-21 region.
Support should appear near 130-21 and 130-07. Below that 129-21 should contain a decline.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 7939 to 7954, a close over is friendly and augurs for a test of
8029 to 8044.
Support should appear near 7864 to 7836 and the 7777 to 7763 region
MARCH JAPANESE YEN
Resistance should appear near 12530 and the 12680 to 12740 region.
Support should appear near the 12320 and the 12030 to 11920 region.
MARCH EURO CURRENCY
Support should appear near 13340 and 13320, a close under is negative and augurs for a test of 13100 to 13040
Resistance should appear near 13615 and the 13770 to 13830 region
MARCH SWISS FRANC
Resistance should appear near 11300 to 11360 and 11500.
Support should appear near 11010 to 10960 and 10820, a close under is negative and augurs for a test of 10680 to 10580.
MARCH BRITISH POUND
Support should appear near 15760 to 15690 and 15525.
Resistance should appear near 15917 and the 16090 to 16150 region, which should cap a rally.
MARCH CANADIAN DOLLAR
Resistance should appear near 10021 to 10037 and 10104 to 10136.
Support should appear near 9837 to 9821 and 9737 to 9706.
MARCH AUSSIE DOLLAR
Resistance should appear near 10680 then 10820 and 10960 to 11010.
Support should appear near 10580 and 10470 and 10360 to 10320.
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1780 then 1791.5 and the 1808.0 to 1822.0 region
Support is near 1756.0 and the 1738.0 to 1731.0 region.
MAY COPPER
Resistance should appear near 39090 to 39290 and the 39820 to 39920 region. Beyond that sellers should appear near 40460 to 40560 and cap a rally.
Support should appear near 38060 to 37950, a close under is negative and augurs for a test of
36820 to 36630 and the 36230 to 36130 region
MAY SILVER
Resistance should appear near 3553 to 3563 and the 3663 to 3682 region
Support is at 3443 to 3425 and the 3328 to 3319 region.
THE EXCITING ENERGIES
APRIL CRUDE OIL
Resistance should appear near 11300 to 11360 and the 11640 to 11690 region
Support should appear near 10680 to 10580 and the 10360 to 10320 region.
Traders can buy at 10370 for a bounce and risk a close under 10101 for three days in a row.
APRIL HEATING OIL
Support should appear near 32130 to 31940 and 31020 to 30920.
Resistance should appear near 33190 to 33280 and the 34250 to 34430 region. Beyond that sellers should appear near 36130 to 36230.
APRIL UNLEADED GAS
Support should appear near 32700 to 32610 and 32130 to 31940. Below that buyers should appear near 31570 to 31480. Traders can buy at 31600 and risk a close under 30920 for three days in a row.
Resistance should appear near 33190 to 33280 and the 34250 to 34430 region. Beyond that sellers should appear near 36130 to 36230.
APRIL NATURAL GAS
Support should appear at 2620 to 2612 and the 2568 to 2552 region. Below that buyers should appear near 2419 to 2411 which should contain a decline.
Resistance should appear near 2716 to 2724 and the 2820 to 2829 region. .
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 1274 to 1268 and the1238 to 1232 region.
Resistance should appear near the 1304 to 1310 region which should cap a rally. Beyond that a test of 1334 to 1346 is likely
MAY SOYMEAL
Resistance should appear near 337.7 to 338.6 and 349.3 to 350.3
Support should appear near 327.0 to 326.1 and 321.3 to 319.4 Below that a test of 315.7 to 314.8 is likely
MAY BEAN OIL
Resistance should appear near 5553 to 5577 and the 5460 to 5653 region.
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 5356 to 5344 and 5282 to 5259.
MAY CORN
Support should appear near 635 to 633 ¾ a close under is negative and augurs for a test of
619 to 616 ½ and the 603 ½ to 602 ¼ region.
Resistance should appear near 648 ¼ to 650 ¾, beyond that sellers should appear near 665 ¾ to 667 ¼ and cap a rally.
MAY WHEAT
Resistance should appear near 641 ¾ to 643 and 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. Traders can sell at 674 and risk a close over 687 for three days in a row.
Support should appear near 635 to 633 ¾, failure there is negative and indicates a trade towards the
619 to 616 ½ region.
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 12890 to 12740 to 12680.. Traders can buy at 12752 for a bounce and risk a close under 12672 for three days in a row.
Resistance should appear near 13040 to 13100 and the 13340 to 13460 region.
APRIL HOGS
Support should appear near 8872 to 8857 and 8777 to 8762
Resistance should appear near 9042 to 9062 and the 9137 to 9157 region
JUNE HOGS
Support should appear near 9737 to 9707. Below that a test of 9642 to 9627 is likely
Resistance should appear near 9922 to 9937 and the 10022 to 10037 region. Beyond that sellers should appear near 10102 to 10137 and cap a rally.
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
MAY COFFEE
Support should appear near the 19960 to 19820 and the 19090 to 19020 region. Below that a test of 18650 to 18580 is likely.
Resistance should appear near 20800 to 20890 and 12160 to 21340. Beyond that sellers should appear near 21700 to 21850 and cap a rally. Traders can sell at 21700 and hold for lower prices.
MAY COCOA
Resistance should appear near 2411 to 2419 and the 2552 to 2568 region. Beyond that sellers should appear near 2612 to 2620. Traders can sell at 2610 and hold for lower prices.
Support should appear near 2275 to 2267 and the 2185 to 2170 region. Below that buyers should appear near 2089 to 2080 and the 1953 to 1946 region. Traders can buy at 1947 and hold for higher prices.
MAY SUGAR
Support is at the 2419 to 2411 and the 2370 to 2354 region. Failure there is negative and augurs for a test of 2226 to 2219 region.
Resistance should appear near 2552 to 2568 and the 2612 to 2620 region.
MAY COTTON
Resistance should appear near 9044 top 9060 then 9140 to 9156 and the 9316 to 9347 region.
Beyond that sellers should appear near 9625 to 9641.. Traders can sell at 9315 and hold for lower prices. .
Support should appear 8964 to 8934 and the 8871 to 8856 region. Below that a test of 8683 to 8668 and the 8314 to 8300 region is likely.
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 February 26, 2012
3:00 PM South Florida Beach Time
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FuturesCom Bi-Weekly Investment Outlook # 390 February 26 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.
