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FuturesCom
Bi-Weekly Investment Outlook # 381
Sunday October 23, 2011 

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

 

     

 

 

 

 

 

 

 

 

 

 

 

 

 

           “Courage in a Speculator is merely confidence to act on the decision of his mind”

Sunday October 23, 2011

5:00 AM South Florida Beach Time 

Traders should stay tuned for flashes and updates for all markets
                         The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 11,690.00 to 11,640.00 and 11,530.00... 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 1268.00 to 1274.00 and the 1304.00 to 1310.00 region
Support should appear near 1232.00 and the 1203.00 to 1192.00 region
Traders can buy at 1203.50 and hold for higher prices.


 

NAsdaq Composite
Resistance should appear near 2663.00 to 2672.00 and the 2716.00 to 2724.00 region
Support should appear near 2568.00 to 2552.00 and the 2519.00 to 2511.00 region  

 DEc E-Mini NasdaQ 100
 Resistance should appear near 2354.00 to 2370.00. Beyond that sellers should appear near 2411.00 to 2419.00 and cap a rally.       
Support should appear near 2275.00 to 2267.00.. Below that buyers should appear near 2226.00 to 2219.00. Traders can buy at 2227.00 and risk a close under 2167.00 for three days in a row.

Dec E-Mini RUSSELL 2000
 Resistance should appear near 714.30 to 717.00 beyond that, sellers should appear near 732.80 to 734.20 and cap a rally.
Support should appear near 700.30 to 699.00, a close under is negative and augurs for a test of 684.60 to 680.90 and eventually the 675.50 to 674.30 region

DEC 30 YR BOND
Resistance should appear near 139-21 and 140-07. Beyond that sellers should appear near 140-21
and 141-07 and cap a rally.
Support should appear near 137-21 and 136-21. Below that buyers should appear near 135-21 and 135-07 which should contain a decline

DEC 10 yr Note
 Resistance should appear near 129-07.Beyond that sellers should appear near 130-07 and 130-21
Support should appear near 127-21 and 126-21. Below that a test of 125-21 is likely.  

 

 

                            The Frenzied Forex Front
 dec dOLLAR iNDEX
 Resistance should appear near 7675.00 to 7689, a close over is friendly and augurs for a test of 7763 to 7777.        
Support should appear near 7601 to 7589 and the 7513 to 7486 region, which should contain declines      
 
dec JAPANESE Yen
 Resistance should appear near 13340 to 13460. Traders can sell at 13335 and hold for lower prices.   
Support should appear near 13100 to 13040 and 12890                  

dec EURO currency
 Support should appear near 13830 to 13770, a close under is negative and augurs for a test of
13615 and eventually the 13460 to 13340 region. 
Resistance should appear near 13917 and 14150 to 14210

 dec SWISS FRANC
 Resistance should appear near 11640 to 11690      
Support should appear near 11010 to 10960     

DEC BRITISH POUND
Support should appear near 15760 to 15690  
Resistance should appear near 16090 to 16150

DEC CanadIAN Dollar
 Resistance should appear near 9921 to 9937 and the 10021 to 10037 region
Support should appear near 9837 to 9821 and the 9737 to 9706 region.

DEC AUSSIE DOLLAR
 Resistance should appear near 10320 to 10360 and 10580 to 10680
Support should appear near 10136 to 10104 and 10037 to 10021

                              The Precious Metals
 december gold
 Resistance should appear near 1642 to 1655 and the 1689 to 1696 region. .      
Support is near 1615 to 1609...below that buyers should appear near 1576 to 1569    

DEC COPPER
 Resistance should appear near 33190 to 33280, beyond that sellers should appear near
34240 to 34430. Traders can sell at 34200 and hold for lower prices.   
Support should appear near 31570 to 31480... Below that buyers should appear near 30450 to 30360.
Below that a test of 28830 to 28740 is likely...  Traders can buy at 28850 and hold for higher prices...
intially plan on risking a close under 28100 for three days in a row.
     
DEC Silver 
 Resistance should appear near 3194 to 3213 beyond that sellers should appear near 3319 to 3328
Support is at 3045 to 3036 and the 2990 to 2972 region


                                      The Exciting Energies  

December CRUDE Oil
Resistance should appear near 8934 to 8964 and 9044 to 9060
Support should appear near 8499 to 8484 and 8314 to 8300.
Below that a test of 8044 to 8029 is likely.  Traders can buy at 8050 and hold for higher prices.

DECEMBER HeaTING Oil
 Support should appear near 29900 to 29720 and the 27750 to 27580 region
Resistance should appear near 30360 to 30450 and the 31480 to 31570 region          


 

 

DECEMBER UNLEADED Gas
 Support should appear at 25680 to 25520 and the 24690 to 24610 region    
Resistance should appear near 27580 to 27750 and the 28200 to 28290 region.   

DECEMBER  NATURAL Gas
Support should appear at 3743 to 3734 and  3623 to 3613 region       
Resistance should appear near 3858 to 3867 and 3909 to 3929 region. Which should cap a rally                                                                   

                                THE GRANDE’ GRAINS
 JANAUARY SOYBEANS
Support should appear near 1203 to 1192 , below that buyers should appear near 1169 to 1164
Resistance should appear near 1232 to 1238 and 1268 to 1274

DECEMBER SOYMEAL
Resistance should appear near 319.4 to 321.3 and 326.1 to 327.0            
Support should appear near 315.7 to 314.8 and the 310.2 to 309.2 region  

DECEMBER BEAN OIL
Resistance should appear near 5127 to 5139 and the 5200 to 5211 region      
Support should appear near 5067 to 5056 and the 4995 to 4973 region

DEC CORN
Resistance should appear near 665 ¾ to 667 ¼ and the 674 ¾ to 675 ½ region        
Support should appear 627 to 625 ¾ and the 611 ¼ to 610 ¼ region Below that buyers should appear near 603 ½ to 602 ¾.  Traders can buy at 604 and hold for higher prices 
 
DECEMBER WHEAT
Resistance should appear near 641 ¾ to 643 and the 665 ¾ to 667 ¼ region.        
Support should appear 619 to 616 ½ and the 603 ½ to 602 ¼ region
Traders can buy at 604 ¾ and hold for higher prices.    
                                        THE LIVELY LIVESTOCK
 DEC CATTLE
Support should appear near 12155 and 12030 to 11920 
Resistance should appear near 12320 to 12380

DEC HOGS
Resistance should appear near 9042 to 9062 and 9137 to 9157
Traders can sell at 9037 and hold for lower prices.
Support should appear near 8932 and the 8872 to 8857 region. A close under is negative and augurs for a test of 8777 to 8762 and eventually the 8592 to 8557 region    Traders should go short if a close under 8852 occurs. 

FEB HOGS
Support should appear near 9157 to 9137
Resistance should appear near 9427 to 9447    
                                
                                  The Satisfying Softs
DEC COFFEE
Support should appear near 24190 to 24110 and the 23700 to 23540 region. Below that a test of 22750 to 22610 is likely.  
Resistance should appear near 24610 to 24690 and the 25110 to 25190 region  
Sell Rallies
 
DEC COCOA
Resistance should appear near 2663 to 2672 and the 2716 to 2724 region           
Support should appear near 2568 to 2552, below that a test of 2469 to 2461 and the 2419 to 2411 region is likely.     

 

 

 

MARCH SUGAR
Resistance is at 2758 to 2775 and the 2820 to 2829 region      
Support should appear near 2620 to 2612, a close under is negative and augurs for a test of
2519 to 2511 and eventually the 2419 to 2411

DEC COTTON
Resistance should appear near 9921 to 9937 then 10105 to 10135 and the 10320 to 10360 region   
Traders can sell at 10105 and hold for lower prices.
Support should appear 9445 to 9429 and the 9155 to 9140 region   
  
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com
 Sunday October 23, 12:00 Noon South Florida Beach Time