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FuturesCom
Morning Investment Comments
Wednesday April 20, 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 April 19, 2011
6:00 PM South Florida Beach Time
                  The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support should appear near 12,030.00 to 11,920.00
Resistance should appear near 12,320.00 to 12,380.00

jUNE e-Mini sp500
Resistance should appear near 1322.00.  Day Traders can sell at 1321.75 for a turn lower , stay tuned for a stop Beyond that sellers should appear near the 1334.00 to 1346.00 region.   
BW Traders can sell at 1345.75 and risk a close over 1362 for three days in a row
Support should appear at near 1310.00 to 1304.00 Day Traders can buy at 1310.25 and hold for higher prices.Stay tuned for a stop . Below that buyers should appear near the 1274.00 to 1268.00 region . BW Traders can buy at 1
274.75 for a bounce  and risk a close under 1267.00 for three days in a row.

NAsdaq Composite
Resistance
should appear near 2758 to 2775.00    
Support should appear near 2724.00 to 2716.00

jUNE E-Mini NasdaQ 100
Resistance
should appear near 2354.00 to 2370.00
Support
should appear near 2322.00 to 2315.00  

JUNE  E-
Mini RUSSELL 2000
Resistance
should appear near the 830.00 to 831.40 region  
Support should appear near the 813.40 to 811.90 region    
 
JUNE 30 YR BOND
Resistance
should appear near 122-07 and 122-21
Support should appear near 120-21 and 120-07


June 10 yr Note
Resistance should appear near 120-21 and 121-07
Support should appear near 119-21 and 119-07

                                  The Frenzied Forex Front
June dOLLAR iNDEX
Resistance
should appear near 7587 to 7601     
Support should appear near 7513 to 7486  
 
June JAPANESE Yen
Resistance
should appear near 12175 and 12320 to 12380
Support should appear near 12030 to 11920      
           

June EURO currency
Support should appear near 14210 to 14150 and 13990
Resistance should appear near 14370 and 14530 to 14590

June SWISS FRANC
Resistance should appear near the11300 to 11360 region
Support should appear near the 11010 to 10960 region

JUNE BRITISH POUND
Support should appear near 16150 to 16090.  BW Traders can buy at
16150, risk a close under 16087 for three days in row.
Resistance should appear near 16420 to 16550 BW Traders can sell at
16417, Risk a close over 16552 for three days in row.

JUNE CanadIAN Dollar
Resistance
should appear near 10470 and10580 to 10630            
Support should appear near 10360 to 10320   

JUNE AUSSIE DOLLAR
Resistance should
appear near the10580 to 10680 region
Support should appear near 10470 and 10360 to 10320
 
                               The Precious Metals

JUNE gold
Resistance
should appear near 1512.5. Beyond that a test of 1529.0 to 1535.0 is likely.
Support is near 1484.0 and 1471.5. Day traders can buy at 1485 and risk 9.00 dollars


MAY COPPER
Resistance should appear near 43040 to 43150 and 43700 to 43810
Support should appear near 41830 to 41630 41200 to 41100

MAY Silver 
Resistance
should appear near 4425.0 to 4446.0 and the 4503.0 to 4514.0 region                  
Support is at 4381 to 4370 and the 4315 to 4303 region.. Day Traders can buy at 4317 for a bounce and hold for higher prices.  
                                     

                                    The Exciting Energies  
June Crude Oil
Resistance should appear near 10960 to 11010
Support should
appear near 1`0825 and 10680 to 10580

MAY HeaTING Oil
Support
should appear at 31570 to 31480 and 31020 to 30920
Resistance should appear near 31940 to 32130 and 32610 to 32700  

MAY UNLEADED Gas
Support
should appear near  32130 to 31940  
Resistance should appear near 33190 to 33280    


MAY NATURAL Gas
Support
should appear at 4183 to 4163 and 4056 to 4046    
Resistance should appear near 4370 to 4381 and 4503 to 4514         
                                                      
 

                               THE GRANDE’ GRAINS

JULY SOYBEANS
Resistance
should appear 1377 to 1383        
Support should appear near 1346 to 1334

JULY SOYMEAL
Resistance
should appear near 361.3 to 362.3           
Support should appear near 350.3 to 349.3 and 344.3 to 342.5         

JULY BEAN OIL
Resistance
should appear near 5855 to 5880         
Support should appear near 5805 to 5792     
 
JULY CORN
Resistance should
appear near 767 ½ to 768 ¾ and 776 ¼ to 777 ¾         
Support should appear 742 3/43 to 741 ½ and 734 ¼ to 732 ¾                 

JULY WHEAT
Resistance
should appear near 830 to 831 ½ and 848 ½ to 849 ¾
Support should appear near 804 ½ to 802 ¾ and 786 ½ to 783 ¾
Stay tuned for Flashes and additional Ideas for Grain Markets

 

                                           THE LIVELY LIVESTOCK

JUNE CATTLE
Support should appear near 11690 to 11640
Resistance
should appear near 11920 to 12030  

JUNE HOGS

Resistance
should appear near 10320 to 10360   
Support should appear near 10137 to 10107

JULY HOGS

Resistance should appear near 10237 and 10317 to 10357  
Support should appear near 10137 to 10102 and 10037 to 10022  

                           The Satisfying Softs
JULY COFFEE

Support should appear near 28290 to 28200
Resistance should appear near 30360 to 30450  


JULY COCOA
Resistance should appear near 3092 to 3102      
Support should appear
near 2990 to 2972  

 

JULY SUGAR
Resistance
is at 2315 to 2322
Support should appear near 2226 to 2219   

 
JULY COTTON
Resistance
should appear near 17740 to 17800
Support should appear near 16550 to 16420 

          --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!  
Bill
wil@futurescom.com  

Tuesday April 19, 2011   8:15 PM South Florida Beach Time