FuturesCom Morning Investment Comments Wenesday July 25, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2
Tuesday July 24, 2012
1:30 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 the 12,380.00 to 12,360.00 region.
Resistance should appear near 12,680.00 to 12,740.00
SEPT E-MINI SP500
Resistance should appear near 1334.00 to 1346.00
Support should appear near 1321.50 and the 1310.00 to 304.00 region
NASDAQ COMPOSITE
Resistance should appear near 2874.00 to 2883.00
Support should appear near 2829.00 to 2820.00
SEPT E-MINI NASDAQ 100
Support should appear near 2590 and the 2612.00 to 2620.00 region
Resistance should appear near 2535 and the 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 152-21 and 152-07
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 8445 and 8484 to 8499
Support should appear near 8406 to 8391 and 8314 to 8300
SEPT JAPANESE YEN
Resistance should appear near 12890 and 13040 to 13100
Support should appear near 12740 to 12680 and 12607.
SEPT EURO CURRENCY
Support should appear near 12030 to 11920.
Resistance should appear near 12107 and 12175.
SEPT SWISS FRANC
Resistance should appear near 10104 to 10136
Support should appear near 10037 to 10021 and 9937 to 9921
SEPT BRITISH POUND
Support should appear near the 15350 to 15290 region.
Resistance should appear near 15527 and 15617.
SEPT CANADIAN DOLLAR
Resistance should appear near 9821 to 9837.
Support should appear near 9737 to 9706
SEPT AUSSIE DOLLAR
Resistance should appear near 10237 and the 10320 to 10360 region
Support should appear near the 10136 to 10104 region.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1591.5 and 1609.0 to 1615.0
Support is near 1569.0 Below that buyers should appear near 1535 to 1529
BW Traders can buy at 1537 and hold for higher prices.
SEPT COPPER
Resistance should appear near 33770 to 33860 and 34250 to 34430
Support should appear near 33280 to 33290 and 32700 to 32610
SEPT SILVER
Resistance should appear near 2716 to 2724 and 2758 to 2775
Support is at 2672 to 2663 and 2620 to 2612
THE EXCITING ENERGIES
SEPTEMBER CRUDE OIL
Resistance should appear near 8934 to 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 3194 to 3213
Support should appear near 3045 to 3036
THE GRANDE’ GRAINS
NOVEMBER SOYBEANS
Support should appear near 1535 to 1529 and 1496 to 1484
Resistance should appear near 1569 to 1576 and 1609 to 1615
DECEMBER SOYMEAL
Resistance should appear near 477.5 to 478.5 and 484.5 to 485.6 .
Support should appear near 458.2 to 457.1 and 444.6 to 442.5
DECEMBER BEAN OIL
Resistance should appear nearr 5259 to 5282 and 5344 to 5356
Support should appear near 5211 to 5200 and 5139 to 5127
DECEMBER CORN
Support should appear near 734 ¼ to 732 ¾
Resistance should appear near 802 ¾ to 804 ½
DECEMBER WHEAT
Resistance should appear near 904 ¼ to 906
Support should appear near and 840 ¾ to 839 ¼
THE LIVELY LIVESTOCK
OCTOBER CATTLE
Support should appear near 12320 and 12237
Resistance should appear near 12380 and 12530
OCTOBER HOGS
Support should appear near 7777 to 7762 and 7692 to 7672
Resistance should appear near 7937 to 7957 and 8027 to 8047
DECEMBER HOGS
Support should appear near 7512 to 7487
Resistance should appear near 7672 to 7692
THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near 17310 and 16960 to 16890
Resistance should appear near 17740 to 17800 and 18080 to 18220
SEPT COCOA
Resistance should appear near 2267 to 2275 and the 2354 to 2370 region
Support should appear near 2185 to 2170 and the 2134 to 2126 region .
OCTOBER SUGAR
Support is at 2275 to 2267
Resistance should appear near 2411 to 2419
DECMBER COTTON
Support should appear near7088 to 7074 and 7003 to 6990
Resistance is 7328 to 7342 and 7486 to 7513.
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
Tuesday July 24, 2012
2:55 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 Wednesday July 25, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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