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 # 383
Sunday November  20, 2011 

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

 

     

 

 

 

 

 

 

 

 

 

 

 

 

 

          

 

“Accomplishments will prove to be a journey, not a destination.” -Dwight D. Eisenhower-
 
Sunday November 20, 2011

5:00 AM South Florida Beach Time
We go into the week with limited exposure. Traders should stay tuned for flashes and updates for all markets. With the Holiday Shortened week and numerous Government Bodies scrambling for votes and long term changes to economies the weeks ahead may be full of wild swings with less participation of many traders.


                          The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 11,690.00 to 11,640.00 and 11,500.00 which should hold.
Resistance should appear near 11,920.00 to 12,030.00 and the 12,320.00 to 12,380.00 region

DEc E-Mini sp500
 Resistance should appear near 1232.00 to 1238.00, a close over is friendly and augurs for a test of
 1253.00   

Support should appear near the 1203.00 to 1192.00 region. Failure there is negative and augurs for a test of 1169.00 to 1164.00.Which should contain a decline for a bit, Traders can buy at 1169.25 and hold for higher prices.  
NAsdaq Composite
Resistance should appear near the 2612.00 to 2620.00 and the 2663.00 to 2672.00 region
Support should appear near 2568.00 to 2552.00 and 2519.00 to 2511.00

 DEc E-Mini NasdaQ 100
 Resistance should appear near 2267.00 to 2275.00 Beyond that sellers should appear near 2315.00 2322.00 and cap a rally.       
Support should appear near 2226.00 to 2219.00 and the 2185.00 to 2170.00 region

Dec E-Mini RUSSELL 2000
 Resistance should appear near 732.80 to 734.20 and 759.70 to 760.10.
Support should appear near 717.00 to 714.30 and 708.80 to 707.40 region. Below that buyers should appear near 691.90 to 690.60


DEC 30 YR BOND
Resistance should appear near 143-07 and 144-21. Beyond that sellers should appear near 145-21
Support should appear near 141-21 and 140-07. Below that buyers should appear near 139-21 and 139-07 which should contain a decline

DEC 10 yr Note
 Resistance should appear near 130-21 and 131-07. Beyond that sellers should appear near
131-21 and 132-07
Support should appear near 129-21 and 128-21. Below that a test of 127-07 is likely.  

 

 

 

 

                            The Frenzied Forex Front
 dec dOLLAR iNDEX
 Resistance should appear near 7836 to 7864, a close over is friendly and augurs for a test of
7939 to 7954.        
Support should appear near 7777 to 7763 and 7689 to 7675.      

 dec JAPANESE Yen
 Resistance should appear near 13040 to 13100 and 13340 to 13460.    
Support should appear near 12890 and 12740 to 12680                  

dec EURO currency
 Support should appear near the 13460 to 13340 region. Below that a test of 13100 to 13040 is likely   
Resistance should appear near 13615 and the 13770 to 13830 region   

 dec SWISS FRANC
 Resistance should appear near 10960 to 11010 and 11155      
Support should appear near 10680 to 10580     

DEC BRITISH POUND
Support should appear near 15760 to 15690 and the 15350 to 15290 region
Resistance should appear near 16090 to 16150. 

DEC CanadIAN Dollar
 Resistance should appear near 9821 top 9837 and 9921 to 9937
Support should appear near 9706 and the 9641 to 9625 region.  Below that a test of 9347 to 9316 should not be ruled out.  

DEC AUSSIE DOLLAR
 Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near 9837 to 9821 and 9737 to 9706

                              The Precious Metals
 FEBURARY gold
 Resistance should appear near 1731 to 1738 and 1774 to 1780      
Support is near 1696 to 1689 and 1655 to 1642

MARCH COPPER
 Resistance should appear near 34250 to 34430 and 34930 to 35030   
Support should appear near 33860 to 33770 and the 31570 to 31480 region  
    
MARCH Silver 
 Resistance should appear near 3319 to 3328 and 3425 to 3443
Support is at 3213 to 3194 and the 3045 to 3034 region
                                      The Exciting Energies  
January CRUDE Oil
Resistance should appear near 9821 9837 and the 10021 to 10037 region. Beyond that a test of 10320 to 10360 is likely and should cap a rally.  
Support should appear near 9347 to 9316 and 9156 to 9140. Below that 9060 to 9044 should contain a decline. Trade Accordingly and stay tuned for flashes

January HeaTING Oil
 Support should appear near 29900 to 29720 and the 28830 to 28740 region
Traders can buy at 28850 for a bounce and hold for higher prices
Resistance should appear near 30920 to 310210 and the 31480 to 31570 region          

January UNLEADED Gas
 Support should appear at 24690 to 24610 and the 24190 to 24110 region     
Resistance should appear near 25110 to 25190 and the 26120 to 26200 region.   

January  NATURAL Gas
Support should appear at 3386 to 3377 and the 3213 to 3194 region         
Resistance should appear near 3613 to 3623 and 3734 to 3743 . Which should cap a rally                                                                   

                                THE GRANDE’ GRAINS
 JANAUARY SOYBEANS
Support should appear near 1136 to 1130 and the 1101 to 1096 region  
Resistance should appear near 1192 to 1203 and 1217.

JANUARY SOYMEAL
Resistance should appear near 309.2 to 310.2 and the 314.8 to 315.7 region              
Support should appear near 293.7 to 292.8 and the 282.9 to 282.0 region, which should begin to contain the decline.

JANUARY BEAN OIL
Resistance should appear near 5200 to 5211and the 5259 to 5282 region       
Support should appear near 5067 to 5056 and the 4995 to 4973 region

MARCH CORN
Resistance should appear near 633 ¾ to 635 and 665 ¾ to 667 ¼.          
Support should appear 603 ½ to 602 ¾ and the 588 to 585 ½ region    
 
MARCH WHEAT
Resistance should appear near 633 ¾ to 635 and 641 ¾ to 643.     
Support should appear near 603 ½ to 602 ¼ and the 588 to 585 ½ region  
 
                                        THE LIVELY LIVESTOCK
 FEB CATTLE
Support should appear near 12030 to 11920 and 11692 to 11637
Resistance should appear near 12317 to 12383 and 12530

FEB HOGS
Support should appear near 9042 to 9062 and the 8967 to 8932  region
Resistance should appear near 9137 to 9162 and the 9317 to 9347 region
                              
                      The Satisfying Softs
 MARCH COFFEE
Support should appear near 23220 to 23150 and the 22750 to 22610 region
Resistance should appear near 24110 to 24190 and the 24610 to 24690 region.  Traders can sell at 24100 and hold for lower prices.  , Traders should go short if a close under 235.00 occurs.
Stay tuned for flashes
 
MARCH COCOA
Resistance should appear near 2461 to 2469 and 2511 to 2519. Beyond that sellers should appear near 2552 to 2568. Traders can sell at 2550 and hold for lower prices.             
Support should appear near 2419 to 2411 and the 2370 to 2354 region. Below that a test of 2275 to 2267 is likely.       

MARCH SUGAR
Resistance is at 2370 to 2354 and the 2275 to 2267 region. Below that a test of 2185 to 2170 is likely       
Support should appear near 2411 to 2419 and the 2461 to 2469 region. Beyond that 2511 to 2519 should cap a rally.

MARCH COTTON
Resistance should appear near 9526 to 9542 and the 9706 to 9736  region  Traders can sell at 9705  and hold for lower prices. Beyond that sellers should appear near 99212 to 9937
Support should appear 9060 to 9044 and the 8871 to 8856 region. Below that a test of 8589 to 8560 is likely.  Traders can buy at 8590 for a bounce and risk a close under 8290 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 November 20, 9:00 AM South Florida Beach Time
Traders should stay tuned for additional flashes and updates for all markets