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FuturesCom
Bi-Weekly Investment Outlook # 373 
  Sunday July 02, 2011 

Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs

 

   "The best thing about the future is that it comes only one day at a time." Abraham Lincoln            
 Saturday July 02, 2011
11:00 PM South Florida Beach Time
                         The Sensational Stock and Bond Markets

Dow Jones Industrial Average
 Support should appear near 12,530 and the 12,380.00 to 12,320.00 region.
 Resistance should appear near 12,680.00 to 12,740.00 a close over is friendly and augurs for a test of 12,890.00. Beyond that sellers should appear near 13,040.00 to 13,100.00

SEPT E-Mini sp500
 Resistance should appear near 1334.00 to 1346.00 and the 1377.00 to 1383.00 region. 
Support should appear at near  1310.00 to 1304.00 below that buyers should appear near 1274.00 to 1268.00
NAsdaq Composite
Resistance should appear near 2820.00 to 2829.00 and 2874.00 to 2883.00
Support should appear near 2775.00 to 2758.00 and the 2724.00 to 2716.00 region.

SEPT E-Mini NasdaQ 100
 Resistance should appear near 2354.00 to 2370.00 and the 2411.00 to 2419.00 region. Beyond that sellers should appear near 2461.00 to 2469.00.  
Support should appear near 2322.00 to 2315.00 and the 2275.00 to 2267.00 region.

SEPT E-Mini RUSSELL 2000
 Resistance should appear near 848.40 to 849.90 and the 856.00 to 858.90 .Beyond that sellers should appear near 866.80 to 868.30.
Support should appear near 822.30 to 819.40 and the 804.40 to 802.90 region.  

SEPT 30 YR BOND
Resistance should appear near 123-21 and 124-07. Beyond that a test of 124-21 is likely
Support should appear near 122-07 and 121-21. Below that a test of 121-07 and 120-21 is likely.

SEPT 10 yr Note
 Resistance should appear near 122-21 and 123-07. Beyond that sellers should appear near 123-21
Support should appear near 121-07 and 120-21. Below that buyers should appear near 120-07 and 119-21
                         

                            The Frenzied Forex Front
 SEPT dOLLAR iNDEX
 Resistance should appear near 7486 to 7513 and the 7587 to 7601 region.        
Support should appear near 7428 to 7414 and the 7342 to 7328 region.   
 
SEPT JAPANESE Yen
 Resistance should appear near the12680 to 12740 region. Beyond that sellers should appear near
13040 to 13100. Traders can sell at 13030 and risk a close over 13117 for three days in a row.  
Support should appear near 12320 and the 12030 to 11920 region.                    

SEPT EURO currency
 Support should appear near 14370 and the14210 to 14150 region. Traders can buy at 14207 and hold for higher prices. Risk a close under 14137 for three days in a row.
Resistance should appear near 14530 to 14590, a close over is friendly and augurs for a test of 14715 and the 14840 to 14960 region.   
SEPT SWISS FRANC
 Resistance should appear near 11920 to 12030 and the 12320 to 12380 region.  
Support should appear near 11690 to 11640 and the 11360 to 11300 region   

SEPT BRITISH POUND
Support should appear near 15927 and the 15760 to 15690 region.  
Resistance should appear near 16090 to 16150 and 16420 to 16550
SEPT CanadIAN Dollar
 Resistance should appear near 10470 and the 10580 to 10680 region.  
Support should appear near 10360 to 10320 and 10237. Traders can buy at 10241 and hold for higher prices.   
SEPT AUSSIE DOLLAR
 Resistance should appear near 10820 and the 10960 to 11010 region
Support should appear near 10680 to 10630 then 10580 and 10470.
                               The Precious Metals
 AUGUST gold
 Resistance should appear near 1484.00 to 1496.00 and the 1539.00 to 1535.00 region.    
Support is near 1459.00 to 1453.00 and the 1421.00 to 1415.00 region.
SEPT COPPER
 Resistance should appear near 43040 to 43150 and the 43700 to 43810 region.
Support should appear near 41200 to 41100 and 40460 to 40560. Traders can buy at 41210 and hold for higher prices.   

SEPT Silver 
 Resistance should appear near 3425 to 3443 and 3553 to 3563.  
Support is at 3213 to 3194.Below that buyers should appear near 3157 to 3148                                           

                                 The Exciting Energies  
AUGUST CRUDE Oil
Resistance should appear near 9625 to 9641 and the 9706 to 9737 region Beyond that sellers should appear near 9921 to 9937
Support should appear near 9347 to 9316 and 9156 to 9140. Below that buyers should appear near 9060 to 9044.Traders can buy at 9067 for a bounce and risk a close under 8849 for three days in a row.   

august HeaTING Oil
 Support should appear near 28830 to 28740. Below that buyers should appear near 27750 to 27580.
Resistance should appear near 30360 to 30450 and 30920 to 31020           
august UNLEADED Gas
 Support should appear at 28830 to 28720 and the 28290 to 28200 region.  
Resistance should appear near 30360 to 30450 and 31480 to 31570

august NATURAL Gas
Support should appear at 4304 and the 4183 to 4163 region.    
Resistance should appear near 4425 to 4446 and 4775 to 4785.                                                                 


                                THE GRANDE’ GRAINS
 NOVEMBER SOYBEANS
Resistance should appear  1334 to 1346 and 1377 to 1383  
Support should appear near 1310 to 1304 and 1274 to 1268  

AUGUST SOYMEAL
Resistance should appear near  355.3 to 356.3 and 361.3 to 362.3 .          
Support should appear near 342.5 and the 338.6 to 337.7 region.

AUGUST BEAN OIL
Resistance should appear near 5553 to 5577 , a close over is friendly and augurs for a test of 5640 to 5653 and the 5716 to 5729 region          
Support should appear near 5504 to 5492 and 5430 to 5418. Below that buyers should appear near
 5356 to 5344

DEC CORN
Resistance should appear near 610 ¼ to 611 ¾ and the 633 ¾ to 635 region. Beyond that a test of 665 ¾ to 667 ¼ is likely.     
Support should appear 572 ¾ to 571 ¾ and the 557 ¾ to 555 ¼ region. Below that buyers should appear near 542 to 541 ¾

SEPT WHEAT
Resistance should appear near 633 ¾ to 635 and the 665 ¾ to 667 ¼ region.
Support should appear 603 ½ to 602 ¾ and the 595 ¾ to 594 ½ region. Traders can buy at 603 and hold for higher prices. . Risk a close under 584 ¾ for three days in a row.  
                                     
                                               THE LIVELY LIVESTOCK

August Cattle
Support should appear near 11175 and the11010 to 10960 region.
Traders can buy at 11182 for a bounce and risk a close under 11157 for three days in a row.  
Resistance should appear near 11300 to 11360, a close over is friendly and augurs for a test of the 11640 to 11690 region.   Traders should go long if a close over 11367 occurs.

 

AUGUST HOGS

Resistance should appear near 9317 to 9347, a close over is friendly and augurs for a test of 9427 to 9447 and the 9522 to 9542 region.   
Support should appear near 9237 and the 9157 to 9137 region
Traders should go long if a close over 9352 occurs.

OCTOBER HOGS

Resistance should appear near 8762 to 8777 and the 8857 to 8872 region. Beyond that sellers should appear near 9042 to 9062. Traders can sell at 9037 and hold for lower prices.  
Support should appear near 8667 and the 8592 to 8562 region. Below that buyers should appear near 8407 to 8392

Stay tuned for livestock flashes and updates

                                  The Satisfying Softs
 SEPT COFFEE
Support should appear near 25680 to 25520 and 24690 to 24610. 
Resistance should appear near 26630 to 26720 and the 27160 to 27240 region.    

SEPT COCOA
Resistance should appear near 3194 to 3213 and the 3261 to 3270 region.          
Support should appear near 3102 to 3092 and 3045 to 3036 region    

OCT SUGAR
Resistance is at 2758 to 2775 and the 2820 to 2829 region. Beyond that sellers should appear near 2874 to 2883. Traders can sell at 2871 and hold for lower prices.
Support should appear near 2724 to 2716, a close under is negative and augurs for a test of
2672 to 2663 and the 2568 to 2552 region.  
Traders should go short if a close under 2713 occurs.    

DEC COTTON
Resistance should appear near 11920 to 12030 and the 12320 to 12380 region.
Beyond that sellers should appear near 13040 to 13100.
Support should appear 11690 to 11640 and the 11360 to 11300 region.
Traders can buy at 11370 for a bounce and risk a close under 10930 for three days in a row.
   
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com  

Sunday July 03, 2011 1:45 PM South Florida Beach Time
Traders should stay tuned for flashes and updates