FuturesCom Morning Investment Comments Friday July 27, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2
Thursday July 26, 2012
7:00 PM South Florida Beach Time
“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.
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12740.00 to 12,680.00
Resistance should appear near 12,890.00 and 13,040.00 to 13,100.00
SEPT E-MINI SP500
Resistance should appear near 1361.50 and 1377.00 to 1383.00
Support should appear near 1346.00 to 1334.00
NASDAQ COMPOSITE
Resistance should appear near 2928.00 to 2937.00
Support should appear near 2829.00 to 2820.00
SEPT E-MINI NASDAQ 100
Resistance should appear near 2612.00 to 2620.00
Support should appear near 2535.00 and 2519.00 to 2511.00 region.
SEPT E-MINI RUSSELL 2000
Resistance should appear near 776.30 to 777.70 and 783.60 to 786.40
Support should appear near the 760.10 to 758.70 and 751.30 to 748.60
SEPT 30 YR BOND
Resistance should appear near 153-07 and 153-21
Support should appear near 152-07 and 151-21
SEPT 10 YR NOTE
Resistance should appear near 135-21 and 136-07.
Support should appear near 134-21 and 134-07
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8392 to 8406 and 8445.
Support should appear near 8223 to 8194. BW traders can buy at 8227 and risk a close under 8187 for three days in a row.
SEPT JAPANESE YEN
Resistance should appear near 12890 and 13040 to 13100
Support should appear near 12740 to 12680.
SEPT EURO CURRENCY
Support should appear near 12175 and 12030 to 11920.
Resistance should appear near 12320 to 12380
SEPT SWISS FRANC
Resistance should appear near 10320 to 10360. BW Traders can sell at 10317, risk close over 10370 for three days in a row.
Support should appear near 10185 and 10136 to 10104
SEPT BRITISH POUND
Support should appear near 15527 and the15350 to 15290 region.
Resistance should appear near 15690 to 15760
SEPT CANADIAN DOLLAR
Resistance should appear near 9921 to 9937 and 10021 to 10037
BW Traders can sell at 10017 and hold for lower prices
Support should appear near 9837 to 9821 and 9737 to 9706
SEPT AUSSIE DOLLAR
Resistance should appear near 10360 and 10470
Support should appear near 10320 and 10237
THE PRECIOUS METALS
DECEMBER GOLD
Resistance should appear near 1642 to 1655
Support is near 1615 to 1609 and 1591.5
SEPT COPPER
Resistance should appear near 34250 to 34430
Support should appear near 33280 to 33290
SEPT SILVER
Resistance should appear near 2758 to 2775 and 2820 to 2829
Support is at 2672 to 2663 and 2620 to 2612
THE EXCITING ENERGIES
SEPTEMBER CRUDE OIL
Resistance should appear near 8964 and 9044 to 9060
Support should appear near 8777 to 8762 and 8683 to 8668
SEPTEMBER HEATING OIL
Support should appear near 27750 to 27580 and the 27240 to 27160 region. BW Traders can buy at 27270 and risk a close under 27160.
Resistance should appear near 28740 to 28830 and 29280 to 29370
SEPTEMBER UNLEADED GAS
Support should appear near 26720 to 26630 and 26200 to 26120. BW Traders can buy at 26250 and risk a close under 26100 for three days in a row
Resistance should appear near the 27580 to 27750 and 28200 to 28290.
SEPTEMBER NATURAL GAS
Resistance should appear at 3148 to 3157
Support should appear near 2990 to 2972
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 1535 to 1529
Resistance should appear near 1591.5 and 1609 to 1615
DECEMBER SOYMEAL
Resistance should appear near 477.5 to 478.5
Support should appear near 451.4 to 450.3
DECEMBER BEAN OIL
Resistance should appear nearr 5344 to 5356
Support should appear near 5139 to 5127
DECEMBER CORN
Support should appear near 751 ¼ to 748 ¾
Resistance should appear near 802 ¾ to 804 ½
DECEMBER WHEAT
Resistance should appear near 915 to 915 ¾
Support should appear near and 868 ¼ to 866 ¾
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 12030 to 11920
Resistance should appear near 12320 to 12380
OCTOBER HOGS
Support should appear near 7957 to 7937
Resistance should appear near 8192 to 8222
DECEMBER HOGS
Support should appear near 7777 to 7762
Resistance should appear near 7937 to 7957
THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near 16960 to 16890
Resistance should appear near 17740 to 17800
SEPT COCOA
Resistance should appear near 2354 to 2370
Support should appear near 2185 to 2170 .
OCTOBER SUGAR
Support is at 2134 to 2126
Resistance should appear near 2315 to 2322
DECMBER COTTON
Support should appear near 6836 to 6809
Resistance is 7328 to 7342
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
Thursday July 26, 2012
10:00 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 RELIABLE 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 Friday July 27, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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