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Weekly Commentary

THERE IS ALWAYS RISK OF LOSS IN FUTURES AND FOREX TRADING.
Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

Systems next week:  

Toris Single system: Toris Mini S&P

Toris Select:  Toris Canadian Dollar

 

 updated 2/6/2011

E-Minis’ Futures Overview

U.S. stocks gained this week, pushing the Dow Jones Industrial Average to its first close above 12,000 since June 2008, as corporate earnings, an expansion of American and Chinese manufacturing and an unexpected decrease in the unemployment rate overshadowed unrest in Egypt. Most likely all stock indices are at the highest levels for this trend and technical analysis are showing that market reached the projected trend targets, uptrend is due to technical correction that could lead to the trend change.
 March Mini S&P Futures – trading range for next week is: buy at 1277 and sell at 1313
 Supports: 1290, 1277, 1255, 1225, 1200, 1182, 1163, 1125, 1085, 1050, 1015, 990, 950, 925, 900, 875, 850, 830, 800, 780, 767, 726, 700 and 667
Resistances: 1313, 1327, 1360, 1400, 1425, 1451, 1500, 1554 and 1585
 March NASDAQ Futures – trading range for next week is: buy at 2200 and sell at 2350
 Supports: 2300, 2275, 2240, 2200, 2120, 2065, 2030, 1975, 1925, 1850, 1800, 1765, 1700, 1650, 1560, 1480, 1400, 1350, 1290, 1265, 1200, 1150, 1100, 1060, and 1000
Resistances:  2350, 2390
 March DOW Futures – trading range for next week: buy at 11650 and sell at 12250
 Supports: 12000, 11850, 11650, 11400, 11200, 11000, 10850, 10600, 10380, 10250, 10000, 9800, 9500, 9300, 9180, 9000, 8800, 8520, 8400, 8000, 7850, 7630, 7450, 7200, 7000, 6800, 6600 and 6450
 Resistances: 12250, 12000

Currency Futures Overview

The euro dropped from the highest level against the dollar since November as European Central Bank President Jean-Claude Trichet dimmed the prospect of a boost in borrowing costs when he said inflation risks are balanced. Canada’s dollar reached the strongest level since May 2008 as the nation’s economy and employment grew more than forecast, boosting confidence in the recovery. Currencies Futures suggested support/resistance levels for next week:
March Euro Currency Futures – trading range is: buy at 1.3370 and sell at 1.3650
Resistances:  1.3650, 1.3850, 1.4050, 1.4270, 1.4450, 1.4600, 1.4750, 1.5100, 1.5350, 1.5580, 1.5720, 1.5950, 1.6200 - historic projected high.
Supports: 1.3500, 1,3370, 1.3200, 1.3000, 1.2800, 1.2600, 1.2350, 1.2200,1.1850 - major middle trend, 1.1500, 1.1250
March British Pound Futures – trading range is: buy at 1.6000 and sell at 1.6250
Resistances: 1.6250, 1.6600, 1.6800, 1.7050, 1.7350, 1.7570, 1.7850, 1.8200, 1.8620, 1.8800, 1.9100, 1.9580, 1.9850, 2.0000, 2.0170, 2.08
Supports: 1.6000, 1.5800, 1.5650, 1.5350, 1.5150,1.5000, 1.4800, 1.4500, 1.4250, 1.4000, 1.3800, 1.3550, 1.3400 1.3250
March Canadian Dollar Futures – trading range is: buy at 1.0000 and sell at 1.0220
Resistances: 1.0220, 1.0400, 1.0750.
Supports: 1.0100, 1.0000, 0.9850, 0.9700, 0.9500, 0.9400, 0.9200, 0.9000, 0.8850, 0.87, 0.8580, 0.8400, 0.8280, 0.8080, 0.7900, 0.7700, 0.7580.

Mini Crude Oil Futures Overview

Crude fell after a government report showed that the U.S. added fewer jobs in January than economists forecast, bolstering concern that fuel demand will slip in the world’s biggest oil-consuming country. The contract has risen 0.3 percent this week and 21 percent in the past year. Mini Crude Oil price is continue consolidating in some trading range between $80-$90 levels, but potential for the price drop to $30 levels is still there.
Expected support/ resistance levels next week: buy at $87.50 and sell at $91.50
Resistances: $147.50, $143.00, $138.50, $131.00, $128.50, $121.50, $118.50, $114.50, $111.50, $108.50, $102.60, $100.00 - major, $98.50, $94.00, $91.50.
Supports: $87.50, $83.00, $80.00, $78.00, $76.00, $72.00, $69.00, $67.50, $65.5, $62.50, $60.00, $58.50, $56.00, $54.50, $52.50, $50.00, $48.00, $44.50, $42.50, $40.00, $38.00, $35.00, $32.50

eCBOT Gold100oz Futures Overview

Gold declined this week on speculation that an economic recovery will curb demand for the metal as an alternative investment. The metal climbed to a record $1,432.50 on Dec. 7. Expected support/ resistance levels next week on June contract: buy at $1325.00 and sell at $1385.00
Resistances: $1350.00, $1385.00, $1415.00, $1435.00 and $1500.00 - major target
Supports: $1325.00, $1285.00, $1250.00, $1225.00, $1180.00, $1150.00, $1110.00, $1075.00, $1050.00, $1000.00, $960.00, $928.00, $900.00, $885.00, $845.00, $808.00, $755.00, $680.00
  Please note past performance does not guarantee future results and no such claims are being made or implied. Systems connection and subscription fees may apply. The systems performance shown does not consider exchange fees or commissions. All Demo accounts used to display the performance results of those trades for use in conveying to you the value of the system and All examples presented on this website are hypothetical. However, the trades given by our systems, are trades conceived by the systems in the real-time mode.

 "Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown."