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 NECESSARILY INDICATIVE OF FUTURE RESULTS.  No SOLICITATION IS made here for individuals to buy or sell futures contracts, foreign exchange or options market. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY.  Readers are solely 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 trading 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, the failure of hardware, software and Internet connection. Futurescom employs back-up systems and contingency plans to minimize the possibility of system failure

 

 

 

 

      

FuturesCom
Bi-Weekly Investment Outlook # 372 
  Sunday June 19, 2011 

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

 

“

                                                                     Make a plan and Trade it
Saturday June 18, 2011
11:00 PM South Florida Beach Time              

                         The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 11,920.00 and 11,805.00 , a close under is negative and augurs for an eventual test of 11,69.00 to 11,640.00 where buyers should appear and contain a decline .
 Resistance should appear near 12,175.00, a close over is friendly and augurs for a test of the
12,320.00 to 12,380.00 region  
SEPT E-Mini sp500
 Resistance should appear near 1268.00 to 1274.00 , a clos over is friendly and augurs for a test of   1289.00 and the 1304.00 to 1310.00 region. Beyond that sellers should appear near 1321.00 and the 1334.00 to 1346.00 region. Traders can sell at 1320.75 and hold for lower prices.
Support should appear at near 1253.00, below that buyers should appear near 1238.00 to 1232.00.  Traders can buy at 1238.50 and risk close under 1231.75 for three days in a row.
 Aggressive Traders should go long if a close over 1274.75 occurs
NAsdaq Composite
Resistance should appear near 2663.00 to 2672.00 and the 2716.00 to 2724.00 region      
Support should appear near 2616 and the 2568.00 to 2552.00 region.

Below that 2519.00 to 2511.00 should contain a decline. 

SEPT E-Mini NasdaQ 100
 Resistance should appear near 2219 to 2226, a close over is friendly and augurs for a test of 2267 to 2275 and eventually the 2315.00 to 2322.00 region.
Traders can sell at 2353 for a turn and risk a close over 2377 for three days in a row.  
Support should appear near 2185 to 2170 and 2134 to 2126.00. Traders can buy at 2187 and hold for higher prices. Below that buyers should appear near the 2089 to 2080 region.
Traders should go long if a close over 2227 occurs.

SEPT E-Mini RUSSELL 2000
 Resistance should appear near 783.60 to 786.40, a close over is friendly and augurs for a test of 793.90 to 795.40 and
eventually the 802.90 to 804.40 region.
Support should appear near 777.70 to 776.30.  Traders can buy at 777.90 and hold for higher prices.  
Below that buyers should appear near 768.90 to 767.509 and the 760.10 to 758.70 region

SEPT 30 YR BOND
Resistance should appear near 126-07 and 126-21. Beyond that a test of 127-07 and 127-21 is likely
Support should appear near 124-21 and 124-07. Which should contain a decline

SEPT 10 yr Note
 Resistance should appear near 124-07.  Above that sellers should appear near 124-21 and 125-07
Support should appear near 123-07 and 122-21... Below that buyers should appear near 122-07

                             The Frenzied Forex Front
 SEPT dOLLAR iNDEX
 Resistance should appear near  7587 to 7601 and 7675 to 7689       
Support should appear near 7513 to 7486 and the 7428 to 7414 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 12380 to 12320 and the 12030 to 11920 region.                    

SEPT EURO currency
 Support should appear near 14210 to 14150. Traders can buy at 14217 and hold for higher prices.
Risk a close under 14137 for three days in a row. Below that buyers should appear near 13990 and the 13830 to 13770 region   
Resistance should appear near 14370 and the 14530 to 14590 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 16150 to 16090
Resistance should appear near 16420 to 16550
SEPT CanadIAN Dollar
 Resistance should appear near 10237 and 10320 to 10360
Support should appear near 10136 to 10104 and the 10037 to 10021

SEPT AUSSIE DOLLAR
 Resistance should appear near 10580 to 10680
Support should appear near 10360 to 10320.
                               The Precious Metals

AUGUST gold
 Resistance should appear near the 1569 to 1576 and the 1609.00 to 1615.00 region    
Support is near 1535 to 1529.00 and the 1496 to 1484.0 region        
Traders can buy at 1535.50 and hold for higher prices

SEPT COPPER
 Resistance should appear near 41630 to 41830 and the 42380 to 42490 region
Support should appear near 40460 to 40560 and 39920 to 39820.Traders can buy at 40570 and hold for higher prices. Risk a close under 39720 for three days in a row. 


SEPT Silver 
 Resistance should appear near 3734 to 3743 region. Beyond that sellers should appear near 3858 to 3867. 
Support is at 3443 to 3425, below that a test of 3386 to 3377 is likely. A close under is negative and augurs for a test of 3213 to 3194... Below that buyers should appear near 3157 to 3148                                           

                                  The Exciting Energies  

AUGUST CRUDE Oil
Resistance should appear near 9347 and the 9429 to 9447 region. A close over is friendly and augurs for a test of the 9706 to 9737 region Beyond that sellers should appear near 9921 to 9937
Support should appear near 9156 to 9140 and the 8964 to 8934 region. Below that buyers should appear near 8871 to 8856 region...Traders can buy at 8857 for a bounce and risk a close under 8661 for three days in a row.    Traders should go long if a close over 9354 occurs.

august HeaTING Oil
 Support should appear near 29900 to 29720 and the 28830 to 28740 region. Below that buyers should appear near 27750 to 27580.
Resistance should appear near 30920 to 31020 and the 31480 to 31570 region           
august UNLEADED Gas
 Support should appear at 28830 to 28720 and the 28290 to 28200 region. Below that buyers should appear near 27240 to 27160 and the 26720 to 26630 region. Traders can buy at 27250 and hold for higher prices.   
Resistance should appear near the 30360 to 30450 region. Beyond that sellers should appear near 31480 to 31570

august NATURAL Gas
Support should appear at 4315 to 4304 and the 4183 to 4163 region.    
Resistance should appear near 4425 to 4446 and 4775 to 4785.                                                                 


                                THE GRANDE’ GRAINS
 AUGUST 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 373.4 to 374.3 and the 379.5 to 380.6 region.          
Support should appear near 344.5 to 342.5 and the 338.6 to 337.7 region.

AUGUST BEAN OIL
Resistance should appear near  5640 to 5653 and the 5716 to 5729 region
beyond that sellers should appear near 5792 to 5805          
Support should appear near 5577 to 5553 and the 5504 to 5492 region.  Below that buyers should appear near 5430 to 5418

SEPT CORN
Resistance should appear near 707 ¾ to 708 ¾ and the 714 ¼ to 717 region.    
Support should appear 683 ¾ and the 667 ¼ to 665 ¾ region. Below that buyers should appear near 635 to 633 ¾

SEPT WHEAT
Resistance should appear near 714 ¼ to 717 and 732 ¾ to 734 ½ region    
Support should appear 683 ¾ to 680 ¾ and the 667 ¼ to 665 ¾ region. Below that buyers should appear near 635 to 633 ¾. Traders can buy at 637 and hold for higher prices. .
                                     
                                                THE LIVELY LIVESTOCK

AUGUST CATTLE
Support should appear near 11010 to 10960 and the 10680 to 10580 region.
Resistance should appear near 11300 to 11360 and the 11640 to 11690 region.   

 

JULY HOGS

Resistance should appear near 9625 to 9641 and the 9707 to 9737 region. Beyond that sellers should appear near 9817 to 9837.  Traders can sell at 9817 for a turn lower and risk a close over 9952 for three days in a row.
Support should appear near 9447 to 9427, below that buyers should appear near 9347 to 9317 and contain a decline. Traders can buy at 9352 and risk a close under 9137 for three days in a row

AUGUST HOGS

Resistance should appear near 9527 to 9542 and the 9625 to 9641 region.  Beyond that sellers should appear near 9707 to 9737.
Support should appear near 9447 to 9427, below that buyers should appear near 9347 to 9317 and contain a decline. Traders can buy at 9352 and risk a close under 9137 for three days in a row 

                                  The Satisfying Softs
 SEPT COFFEE
Support should appear near 24690 to 24610 and 23700 to 23540. 
Resistance should appear near 25520 to 25680 and the 26120 to 26200. Beyond that sellers should
appear near 26630 to 26720. Traders can sell at 26610 and hold for lower prices.    

SEPT COCOA
Resistance should appear near 2972 to 2990 and the 3036 to 3045 region.  Beyond that sellers should appear near 3092 to 3102          
Support should appear near 2874, a close under is negative and augurs for a test of 2829 to 2820 and eventually the 2672 to 2663 region.    

 OCT SUGAR
Resistance is at 2612 to 2620 and the 2663 to 2672 region  
Support should appear near 2519 to 2511 and the 2469 to 2461 region.
 Traders can buy at 2470 and hold for higher prices   

OCT COTTON
Resistance should appear near 13340 to 13460 and the 13770 to 13830 region   
Support should appear 11690 to 11640 and the 11360 to 11300 region.  
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com  

Sunday June 19, 2011 4:55 AM South Florida Beach Time