FuturesCom Bi-Weekly Investment Outlook Saturday April 21 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2 .
“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–
Saturday April 21, 2012
10:00 PM South Florida Beach Time
Stay tuned for updates and flashes in all markets.
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,890.00 and the 12,740.00 to 12,680.00 region.
Resistance should appear near 13,100.00 then 13,220.00 and the 13,340.00 to 13,460.00 region.
JUNE E-MINI SP500
Resistance should appear near 1377.00 to 1383.00 then 1399.00 and the 1415.00 to 1421.00 region.
Support should appear near 1361.50, failure there augurs for a test of the 1346.00 to 1334.00 region,, and now appears more likely than not to occur.
NASDAQ COMPOSITE
Resistance should appear near 3036.00 to 3045.00 then 3092.00 to 3102.00 and the 3148.00 to 3157.00 region.
Support should appear near the 2990.00 to 2972.00 region, an extended
trade under augurs for a test of 2937.00 to 2928.00 and eventually the 2883.00 to 2874.00 region.
JUNE E-MINI NASDAQ 100
Resistance should appear near 2716.00 to 2724.00 region. Beyond that sellers should appear near 2758.00 to 2775.00 and the 2820.00 to 2829.00 region.
Support should appear near 2672.00 to 2663.00, failure there augurs for a test of 2620.00 to 2612.00 which should contain a decline.
JUNE E-MINI RUSSELL 2000
Resistance should appear near the 811.90 to 813.40 and the 819.40 to 822.30 region. Beyond that sellers should appear near 830.00 to 831.40 and cap a rally.
Support should appear near 795.40 to 793.90 and the 786.40 to 783.60 region… Below that buyers should appear near 777.70 to 776.30 region… Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 142-21 and 143-07 which should cap a rally.
Support should appear near 141-07 and 140-21. Below that a test of 139-21 is likely.
JUNE 10 YR NOTE
Resistance should appear near 131-21 and 132-07 , beyond that sellers should appear near 132-21 and cap a rally.
Support should appear near 131-07 and 130-21 a close under is negative and augurs
for a test of 129-21 and 129-07 which should hold for now.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7939 to 7954 and 8044 to 8029.
Support should appear near the 7864 to 7836 region, which should contain a decline.
JUNE JAPANESE YEN
Resistance should appear near the 12320 to 12380 region.
Support should appear near 12175 and the 12030 to 11920 region.
JUNE EURO CURRENCY
Support should appear near 13100 to 13040, a close under is negative and augurs for a test of 12890
Resistance should appear near 13220 and the 13340 to 13460 region. .
Traders should Go Short if a close under 13037occur.
JUNE SWISS FRANC
Resistance should appear near 11010 then 11082 and 11155.
Support should appear near 10960 and 10820.
Traders should go short if a close under 10817 occurs
JUNE BRITISH POUND
Support should appear near 15760 to 15690.
Resistance should appear near the 16090 to 16150 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136 and 10185.
Support should appear near 10037 to 10021 and 9937 to 9921.
JUNE AUSSIE DOLLAR
Resistance should appear near 10320 to 10360 and 10470.
Support should appear near 10237 and the 10136 to 10104 region.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1655 then 1672 and the 1689 to 1696 region.
Traders can sell at 1688 and hold for lower prices… Beyond that sellers should appear near
1731 to 1738.
Support is near 1628.5 and the1615 to 1609 region, a close under is negative and augurs for a test of 1576 to 1569.
JULY COPPER
Resistance should appear near 37340 to 37430 and 37950 to 38060. Beyond that sellers should appear near 38580 to 38670 and cap a rally.
Support should appear near 36820 to 36630 and the 36230 to 36130 region…
JULY SILVER
Resistance should appear near 3194 to 3213 and 3261 to 3270, which should cap a rally. Beyond that sellers should appear near 3319 to 3328.
Support is at 3157 to 3148 and the 3102 to 3092 region. Below that a test of 3045 to 3036 is likely.
THE EXCITING ENERGIES
JUNE CRUDE OIL
Resistance should appear near 10470 and the 10580 to 10680 region Beyond that a test of 10960 to 11010 is likely.
Support should appear near the 10360 to 10320 region. Below that buyers should appear near 10185 and the 10136 to 10104 region.
JUNE HEATING OIL
Support should appear near the 31020 to 30920 region. Below that buyers should appear near the 30450 to 30360 region.
Resistance should appear near 31940 to 32130 and the 32610 to 32700 region. A close over is friendly and augurs for a test of 33190 to 33280 and beyond…
JUNE UNLEADED GAS
Support should appear near 31020 to 30920. Below that buyers should appear near 29900 to 29720 and contain a decline.
Resistance should appear near 31480 to 31570 and 32610 to 32700
JUNE NATURAL GAS
Support should appear at 19960 to 19820 and the 19530 to 19460 region
Resistance should appear near 20340 to 20420 and 21700 to 21850.
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1421 to 1415 and 1383 to 1377.
Resistance should appear near the 1453 to 1459 and the 1484 to 1496 region.
JULY SOYMEAL
Resistance should appear near 416.3 to 418.3 and the 423.8 to 424.9 region
Support should appear near 390.9 and the 386.7 to 385.8, a close under is negative and augurs for a test of 374.3 to 373.4 and the 368.2 to 366.3 region.
JULY BEAN OIL
Resistance should appear near 5716 to 5729 and the 5792 to 5805 region. Beyond that sellers should appear near 5855 to 5880 and cap a rally.
Support should appear near the 5577 to 5553 region. A close under is negative and augurs for a test of 5430 to 5418.
JULY CORN
Support should appear near 595 ¾ to 594 ½, a close under augurs for a test of 588 to 585 ½ and eventually the 572 ¾ to 571 ¾ region… Below that buyers should appear near 557 ¾ to 555 ¼
Resistance should appear near 616 ½ to 619 and the 633 ¾ to 635 region. Beyond that sellers should appear near 648 ¼ to 650 ¾ and cap a rally.
JULY WHEAT
Resistance should appear near 633 ¾ to 635 and 641 ¾ to 643.Beyond that sellers should appear near the 665 ¾ to 667 ¼ region and cap a rally.
Support should appear near 619 to 616 ½ region, a close under is negative and augurs for a test of 603 ½ to 602 ¾ and the 580 ¾ to 579 ½ region.
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11360 to 11300 and the 11010 to 10960 region , a close under is negative and augurs for a test of the 10680 to 10580 region
Resistance should appear near 11640 to 11690 and the 11920 to 12030 region , which should cap a rally. Traders can sell at 11917 and risk a close over 12042 for three days in a row.
JUNE HOGS
Support should appear near 8682 to 8667 and the 8592 to 8557 region. Below that buyers should appear near 8502 to 8482.
Resistance should appear near 8857 to 8872, a close over is friendly and augurs for a test of 9042 to 9062… Beyond that sellers should appear near 9137 to 9157…
OCTOBER HOGS
Support should appear near 8027 to 8042 and the 7957 to 7932 region.
Resistance should appear near 8300 to 8317 and 8392 to 8407
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near the 17380 to 17310 and the 16960 to 16890 region.
Resistance should appear near 18080 to 18220 and the 19020 to19090 region.
Traders can sell at 18570 and hold for lower prices.
JULY COCOA
Resistance should appear near 2267 to 2275 and the 2315 to 2322 region. Beyond that sellers should appear near 2354 to 2370 and cap a rally.
Support should appear near 2185 to 2170 and 2089 to 2080. A close under is negative and augurs for a test of 1909 to 1902 and the 1865 to 1858 region.
JULY SUGAR
Support is at the 2134 to 2126 and the 2042 to 2034 region
Resistance should appear near 2219 to 2226 and the 2315 to 2322 region..
JULY COTTON
Resistance should appear near 9140 to 9156 and the 9316 to 9347 region
Support should appear 8964 to 8934 and 8777 to 8762. 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 April 22, 2012
12:00 Noon South Florida Beach Time
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FuturesCom Bi-Weekly Investment Outlook Saturday April 21, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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