FuturesCom
Bi-Weekly Investment Outlook # 365
Saturday March 12, 2011
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
Saturday March 12, 2011
6:00 AM South Florida Beach Time
The
Japanese tsunami and now possible resulting Nuclear power plant issues will
likely cause additional market volatility over the next several days.
Traders should stay tuned for special reports and additional ideas.
What we know; Yen rose as traders expect some repatriation of Yen
back to Japan. Crude tumbled as
the market assessed the damage from fires that broke out at Japanese
refineries and others closed down automatically when the earthquake hit. The
shutdown refineries have combined oil-processing capacity of 1.2 million
barrels a day. The Quake and saltwater may have caused significant damage to
many of Japan's agricultural facilities, production areas and ports in
northern Japan. Corn and Hogs dropped on worries that Japan would reduce its
purchases for those and other commodities for a period of time. Stocks
firmed as shorts covered and buyers looking to prepare for the ‘Quarter End’
in advance picked at lower prices. (Our Buy areas were missed by a few
points). That Was Friday at the
closing bell.
Saturday,
of the 25% Nuclear Power plants that were off – line, 1 exploded. Japan is
asking Russia to increase its power to the nation. The media is showing the
Nuke plant exploding;
it’s on air now, (well maybe not just the Video) on the Web and TV stations
world wide.Maybe not in China or Saudi Arabia, buts that’s a different
Story. All the while, Japanese
Atomic experts are pouring Sea Water and Boric acid on the plant to cool the
Atomic Material… Sea water and Boric acid, gee this sounds good.
What may occur next week is that a sharp rise in expectations of
increased imports on fears the whole of Asia’s existing food supply is in
danger due to
nuclear fall-out.
This should be an interesting next few weeks to say the least.
Stay tuned for Flashes.
The
Sensational Stock and bond Markets
Dow Jones Industrial Average
Support
should appear near 12,030.00 to 11,920.00 and
11,820.00
Resistance
should appear near 12,175.00.
Beyond that sellers should appear near
sellers should appear near 12,320.00 to 12,360.00.
jUNE e-Mini sp500
Resistance should appear near 1304.00 to
1310.00 and the 1334.00 to 1346.00 region.
Support should appear at near
1274.00 to 1268.00. BW Traders can buy at 1274.75 for a bounce and hold for
higher prices. Below that buyers
should appear near 1232.00 to 1238.00.
NAsdaq
Composite
Resistance
should appear near 2716.00 to
2724.00
Support should appear near 2672.00 to 2663.00
.
jUNE
E-Mini NasdaQ 100
Resistance
should appear near 2315.00 to 2322.00 and the 2758.00 to 2775.00 region
Support
should appear near 2275.00 to 2267 and the 2226.00 to 2219.00 region
JUNE
E-Mini RUSSELL 2000
Resistance
should appear near 802.90 to
804.40 and 811.90 to 813.40. Beyond that sellers should appear near the
830.00 to 831.40 region.
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. Traders can
buy at 777.80 for a bounce and risk a close under 767.40 for three days in
row.
JUNE 30 YR BOND
Resistance should appear near 121-07 and 121-21
Support should appear near 119-21
and 119-07
June 10 yr Note
Support
should
appear near 118-21 and 118-07
Resistance is at 120-07 and 120-21
The Frenzied Forex Front
June dOLLAR iNDEX
Resistance
should appear
near 7763 to 7777
Support should appear near 7689 to 7675
June JAPANESE Yen
Resistance
should appear
near 12320 to 12380
Support should appear near 12175 and the 12030 to 11920 region.
Traders can buy at 12177 and hold for higher prices.
June EURO currency
Support
should appear near 13830 to 13770 and 13615
Resistance should appear near
13990 and the 14150 to 14210 region
June SWISS FRANC
Resistance
should appear near the10960 to 11010 region
Support should appear near the
10680 to 10580 region
JUNE BRITISH POUND
Support should appear near
15760 to 15690
Resistance should appear near
16090 to 16150
JUNE CanadIAN Dollar
Resistance
should appear
near 10320 to 10360
Support should appear near 10185
and 10136 to 10104
JUNE AUSSIE DOLLAR
Resistance should appear near 10104 to 10136
Support should appear near 10037
to 10021
The Precious Metals
April gold
Resistance
should appear near
1438 and the 1453 to 1459 region
Support is near 1421 to 1415 and 1399
MAY COPPER
Resistance should
appear near 43040 to 43150
Support should appear near
41200 to 41100
MAY Silver
Support
should appear near 3563 to
3553 and 3503 to 3493
Resistance is at 3613 to 3623
and the 3663 to 3682
The Exciting Energies
April
Crude Oil
Resistance should
appear near 10320 to 13060 and 10580 to 10680
Support should appear near 10104 and 10037
to 10021.
Traders can buy at 10037 and Hold for higher prices
april
HeaTING Oil
Support
should appear near 29900 to 29720 and the 29370 to
29280 region. Below that buyers should appear near 28830 to 28740
Resistance should appear near
30360 to 30420 and the 30920 to 31020 region
april UNLEADED Gas
Support
should appear at 29370 to 29320 and 28830 to 28740
Resistance should appear near
30360 to 30450 and 30920 to 31030
april
NATURAL Gas
Support
should appear at 3806 to 3795
Resistance should appear near
3982 to 3992
THE GRANDE’ GRAINS
MAY
SOYBEANS
Resistance
should appear 1377 to
1383.
Support should appear near 1310
to 1304.
MAY SOYMEAL
Resistance should appear near 355.3 to 356.3 and the 366.2 to 368.3
region
Support should appear near 344.3
to 342.5 and the 338.6 to 337.7 region
MAY BEAN OIL
Resistance should appear near 5792 to 5805 and the 5855 to 5880 region
Support should appear near 5504
to 5492 and the 5430 to 5418 region
MAY CORN
Support should appear near 650 ¾ to 648
¾ and the 643 to 641 ¾ region
Resistance should appear 674 ¾ to
675 ½ and the 690 ¾ to 691 ¾ region.
MAY WHEAT
Resistance
should appear near 759 ¾
to 760 ¼ and 773 ¾ to 777 ¾
Support should appear near 717 to
714 ¼ and the 691 ¾ to 690 ¾ region
THE
LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 11690 to 11640 and 11500
Resistance should appear near
11815 and 11920 to 12030
APRIL HOGS
Resistance
should appear near
8857 to 8872 and the 9042 to 9057 region
Support should appear near 8777
to 8762 and the 8687 to 8667 region.
BW Traders can buy at 8692 and Hold for higher prices
JUNE HOGS
Support
should appear near
9937 to 9922 and the 9837 to 9822 region. Traders can buy at 9942 and hold
for higher prices. Below that buyers should appear near 9737 to 9707 and
should contain a decline.
Traders can buy at 9742 and risk a close under 9622 for three days in a row.
Resistance should appear near
10037 to 10022, a close over is friendly and augurs for a test of 10102 to
10137. Beyond that a test of 10317 to 10362 region is likely.
The Satisfying Softs
MAY COFFEE
Support should appear near 27240
to 27160 and the 26720 to 26630 region.
Below that a test of 25680 to 25520 is likely.
Resistance should appear near
28200 to 28290 and the 28740 to 28830 region. Beyond that sellers should
appear near 29280 to 29370 region
MAY COCOA
Resistance should appear near
3493 to 3503 and 3613 to 3623
Support should appear
near 3386 to 3377 and 3213 to 3194
MAY SUGAR
Resistance is at 2972 to 2990. Beyond that
sellers should appear near 3036 to 3043 and
the 3092 to 3102 region, which should cap a rally
Support should appear near 2672
to 2663 and the 2568 to 2552 region
MAY COTTON
Resistance should appear near 20800 to 20890. Beyond that sellers should
appear near 21700 to 21850 and the 22190 to 22260 region.
Support
should appear near 19530 to 19460 and the 18820m to 18080 region
--A
Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!
Bill
wil@futurescom.com
Saturday
March 12, 2011 1:00 PM
South Florida Beach Time