FuturesCom Morning Investment Comments Monday February 6, 2012
Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs.
“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it.
If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan –
Sunday February 5, 2012 6:00 AM South Florida Beach Time.
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 12,890.00 and 13,040.00 to 13,100.00
MARCH E-MINI SP500
Resistance should appear near 1346.00 and 1377.00 to 1383.00
Support should appear near 1334.00 and 1310.00 to 1304.00
NASDAQ COMPOSITE
Resistance should appear near the 2972.00 to 2990.00
Support should appear near 2829.00 to 2820.00.
MARCH E-MINI NASDAQ 100
Resistance should appear near 2552.00 to 2568.00.
Support should appear near 2469.00 to 2461.00
MARCH E-MINI RUSSELL 2000
Resistance should appear near 839.10 to 840.60
Support should appear near 822.30 to 819.40
MARCH 30 YR BOND
Resistance should appear near 143-21 and 144-07.
Support should appear near 141-21 and 140-21
MARCH 10 YR NOTE
Resistance should appear near 132-07 and 132-21
Support should appear near 130-07 and 129-21
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near 7939 to 7954
Support should appear near 7864 to 7836
BW Traders should consider going long if a close over 7957 occurs. .
MARCH JAPANESE YEN
Resistance should appear near 13070 to 13100 then 13160 and 13220.
Support should appear near 13040 then 12965 and 12890
MARCH EURO CURRENCY
Support should appear near 13100 to 13040
Resistance should appear near 13220 and 13340 to 13460
BW Traders should go short if a close under 13070 occurs.
MARCH SWISS FRANC
Resistance should appear near 10960 to11010.
Support should appear near 10820 and 10680 to 10580
MARCH BRITISH POUND
Support should appear near 15760 to 15690
Resistance should appear near 15917 and 16090 to 16150
MARCH CANADIAN DOLLAR
Resistance should appear near 10104 to 10136.
BW Traders can sell at 10101 and hold for lower prices…
Support should appear near 9937 to 9921
MARCH AUSSIE DOLLAR
Resistance should appear near 10820 and 10960 to 11010
Support should appear near 10680 to 10580
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1731.0 to 1738 and 1774.0 to 1780.0
Support is near 1696.0 to 1689
MARCH COPPER
Resistance should appear near 39890 to 39920
Support should appear near 38060 to 37950
MARCH SILVER
Resistance should appear near 3425 to 3443 and 3493 to 3503
Support is at 3270 to 3261and 3157 to 3148
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 9921 to 9937
Support should appear near 9542 to 9526
MARCH HEATING OIL
Support should appear near 30450 to 30360
Resistance should appear near 31940 to 32160
MARCH UNLEADED GAS
Support should appear near 28830 to 28740 and 28290 to 28200
BW Traders can buy at 28300 and hold for higher prices.
Resistance should appear near 30360 to 30450 and 30910 to 31020
MARCH NATURAL GAS
Support should appear at 2322 to 2315
Resistance should appear near 2612 to 2620.
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1218 ½ and 1203 to 1191
Resistance should appear near 1268 to 1274
MARCH SOYMEAL
Resistance should appear near 331.9 to 332.8
Support should appear near 315.7 to 314.8
MARCH BEAN OIL
Resistance should appear near 5200 to 5211
Support should appear near 4995 to 4973
MARCH CORN
Support should appear near 619 to 616 ½
Resistance should appear near 657 ¾ to 659 ¾
MARCH WHEAT
Resistance should appear near 680 ¾ to 683 ¾
Support should appear near 650 ¾ to 648 ¾
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 12680 and 12530
Resistance should appear near 12890 and the 13040 to 13100 region.
APRIL HOGS
Support should appear near 8872 to 8857 and 8777 to 8762
Resistance should appear near 8932 to 8967 and 9042 to 9062
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 21340 to 21260 and 20890 to 20800
Resistance should appear near 21700 to 21850 and the 22190 to 2260 region.
MARCH COCOA
Resistance should appear near 2354 to 2370
Support should appear near 2185 to 2170
MARCH SUGAR
Support is at the 2322 to 2315
Resistance should appear near 2411 to 2419
MARCH COTTON
Resistance should appear near 9821 to 9837
Support should appear 9445 to 9429
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Sunday February 5, 2012
7:00 AM South Florida Beach Time
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
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 February 06, 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.
