FuturesCom
Morning Investment Comments
Wednesday March 02, 2011

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

 

"Among the hazards of speculation the happening of the unexpected -I might even say the
Unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--"
-Reminiscences of a Stock operator-

 

Tuesday, March 01, 2011
2:00 PM South Florida Beach Time

                          The Sensational Stock and bond Markets
Dow Jones Industrial Average
 Support should appear near the 12,030.00 to 11960.00 region,.
Resistance should appear near 12,175.00 and the 12,320.00 to 12,380.00 region  
March e-Mini sp500
 Resistance should appear near 1322.00 and the 1334.00 to 1346.00 region  
Support should appear at near 1304.00 and 1289.00   
 
NAsdaq Composite
Resistance should appear near  2758.00 to 2775.00.     
Support should appear near the 2724.00 to 2716.00 region.                   

March E-Mini NasdaQ 100
 Resistance should appear near 2338 and 2354.00 to 2370.00
Support should appear near 2315.00 then 2295.00 and the 2275.00 to 2267.00 region .

March  E-Mini RUSSELL 2000
 Resistance should appear near 811.90 to 813.40 and  819.40 to 822.30
Support should appear near 804.40 to 802.90 and the 795.40 to 793.90 region 

JUNE 30 YR BOND
Resistance should appear near 120-21 and 121-07.   
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 119-21and 120-07                             

                                  The Frenzied Forex Front
 march dOLLAR iNDEX
 Resistance should appear near 7763 to 7777       
Support should appear near 7689 to 7675  
 
march JAPANESE Yen
 Resistance should appear near 12320 to 12380
Support should appear near  12175 and 12030 to 11920                  

march EURO currency
 Support should appear near 13690 and 13615  
Resistance should appear near  13770 to 13830  
march SWISS FRANC
 Resistance should appear near 10960 to 11010
Support should appear near 10680 to 10580

MARCH BRITISH POUND
Support should appear near 16150 to 16090     
Resistance should appear near 16420 to 16550

 

MARCH CanadIAN Dollar
 Resistance should appear near 10320 to 10360              
Support should appear near  10185 and 10136 to 10104    
MARCH AUSSIE DOLLAR
 Resistance should appear near 10185 and 10320 to 10360
Support should appear near 10104 10037 to 10021      

                                    The Precious Metals
 April gold
 Resistance should appear near 1453.0 to 1459
Support is near 1421.0 to 1415.0    

MAY COPPER
 Resistance should appear near 45030 to 45140 and 45710 to 45820    
Support should appear near 44460 to 44250 and 43810 to 43700
MAY Silver 
 Support should appear near 3386 to 3377 and 3270 to 3261                   
Resistance is at 3493 to 3503 and the 3553 to 3563 region                                          


 

 

 


                                         The Exciting Energies  

April Crude Oil
Resistance should appear near 10021 to 10037 and the 10104 to 10136 region.   
Support should appear near 9937 to 9921 and 9737 to 9706 .     

april HeaTING Oil
 Support should appear near 29900 to 29720 and 28830 to 28740
Resistance should appear near 30920 to 31020 and 33770 to 33860.                     

april UNLEADED Gas
 Support should appear at 29370 to 29320 and 28830 to 28740  
Resistance should appear near 30360 to 30450 and the 30920 to 31020 region                    

april NATURAL Gas
Resistance should appear at 3806 to 3795   
Resistance should appear near 4046 to 4056                                       

                               THE GRANDE’ GRAINS
 MAY SOYBEANS
Resistance should appear 1377 to 1383 and 1415 to 1421.        
Support should appear near 1361 ½. Below that buyers should appear near 1346 to 1334

MAY SOYMEAL
Resistance should appear near 366.3 to 368.2 and 373.4 to 374.3       
Support should appear near 356.3 to 355.3 and 344.3 to 342.5   

MAY BEAN OIL
Resistance should appear near 5792 to 5805 and 5855 to 5880        
Support should appear near 5729 to 5716 and the 5653 to 5640 region.     
BW Traders should go short if a close under 5715 occurs.

MAY CORN
Resistance should appear near 748 ¾ to 751 ¼       
Support should appear 717 to 714 ¼.               

MAY WHEAT
Resistance should appear near 819 ½ to 822 ¼ and 856 to 858 ¾. 
Support should appear near 777 ¾ to 776 ¼ and the 760 ¼ to 759 ¾ region. .

 

                                               THE LIVELY LIVESTOCK

APRIL CATTLE
Support should appear near 11010 to 10960    
Resistance should appear near 11320 to 11360     

APRIL HOGS

Resistance should appear near 8937 to 8967 and 9042 to 9062   
Support should appear near 8777 to 8762 and 8682 to 8667.   

JUNE HOGS

Resistance should appear near  10022 to 10037 and 10102 to 10137
Support should appear near 9937 to 9922 and 9837 to 9822                                                                                                   

 

                            The Satisfying Softs
 MAY COFFEE
Support should appear near 26200 to 26120 and the 25680 to 25520 region   
Resistance should appear near 27580 to 27750 and the 30360 to 30450 region.   

MAY COCOA
Resistance should appear near 3734 to 3743     
Support should appear near 3563 to 3553     

 

MAY SUGAR
Resistance is at 3036 to 3045. BW Traders can sell at 3035 and hold for lower prices.  Beyond that sellers should appear near 3092 to 3102 region and cap a rally. 
Support should appear near 2775 to 2758 and the 2672 to 2663 region.
BW Traders should go short if a close under 2817 occurs.

 
MAY COTTON
Resistance should appear near 20340 to 20420   

Support should appear near the 18650 to 18580.


            --A Ship in Harbor is Safe...But that is not what ships are built for --
                          Stay Tuned for Flashes and Additional Recommendations and Reports .
Happy Trading!   
Bill wil@futurescom.com  

Tuesday March 01, 2011 3:30 PM South Florida Beach Time 

 

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