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
Morning Investment Comments
Friday April 29, 2011 

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

 

“A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”


Friday April 29, 2011
4:00 AM South Florida Beach Time
                       The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 12,740.00 to 12,680.00
 Resistance should appear near 12,890.00 and 13,040.00 to 13,100.00
jUNE e-Mini sp500
 Resistance should appear near the 1377.00 to 1383.00.
Support should appear at near 1346.00 to 1334.00

 

NAsdaq Composite
Resistance should appear near 2874.00 to 2883.00     
Support should appear near 2829.00 to 2820.00   

jUNE E-Mini NasdaQ 100
 Resistance should appear near 2411.00 to 2419.00.  
Support should appear near 2370.00 to 2354.00

JUNE  E-Mini RUSSELL 2000
 Resistance should appear near 866.80 to 868.30
Support should appear near 858.90 to 856.00
  
JUNE 30 YR BOND
Resistance should appear near 122-07 and 122-21   
Support should appear near 121-07 and 120-21.

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

                             The Frenzied Forex Front
 June dOLLAR iNDEX
 Resistance should appear near 7328 to 7342       
Support should appear near 7255 to 7242   
 
June JAPANESE Yen
 Resistance should appear near 12320 to 12380
Support should appear near 12030 to 11960                  

June EURO currency
 Support should appear near  14590 to 14530
Resistance should appear near 14840 to 14960
June SWISS FRANC
 Resistance should appear near 11640 to 11690
Support should appear near  11360 to 11300

JUNE BRITISH POUND
Support should appear near 16550 to 16420
Resistance should appear near 16890 to 16960
JUNE CanadIAN Dollar
 Resistance should appear near 10580 to 10680             
Support should appear near 10360 to 10320  
BW Traders can buy at 10367 and hold for higher prices

JUNE AUSSIE DOLLAR
 Resistance should appear near  10960 to 11010
Support should appear near 10680 to 10580.        

                                 The Precious Metals
 JUNE gold
 Resistance should appear near  1535 and the 1569.0 to 1576.0 region
Support is near 1496.0 to 1484.0.
BW Traders should go long if a close over 1537 occurs.

JulY COPPER
 Resistance should appear near 4380 to 42490
Support should appear near  41830 to 41630  

 July Silver 
 Resistance should appear near 4973 to 4995 and 5056 to 5067                    
Support is at 4650 to 4639 and 4514 to 4503                                            
                                   The Exciting Energies  
JUNE Crude Oil
Resistance should appear near 11300 to 11360 . 
BW Traders should go long is a close over 11367 occurs.
Support should appear near 11175 and 11010 to 10960.
BW Traders can buy at 11017 and hold for higher prices.

JUNE HeaTING Oil
 Support should appear near 31570 to 31480
Resistance should appear near 33190 to 33280     
JUNE UNLEADED Gas
 Support should appear at 33280 to 33190  
Resistance should appear near 34250 to 34430.

June NATURAL Gas
Support should appear at 4381 to 4370   
Resistance should appear near 4639 to 4650                                                                
                              THE GRANDE’ GRAINS
 JULY SOYBEANS
Resistance should appear 1377 to 1383         
Support should appear near 1346 to 1334

JULY SOYMEAL
Resistance should appear near 366.2 to 368.3        
Support should appear near 350.3 to 349.3         
BW Traders should go long if a close over 368.3 occurs.

JULY BEAN OIL
Resistance should appear near 5792 to 5805         
Support should appear near 5653 to 5640

JULY CORN
Resistance should appear near 741 ½ to 742 ¾          
Support should appear 717 to 714 1/4             

JULY WHEAT
Resistance should appear near 783 ¾ to 786 ½
Support should appear near 751 ¼ to 748 ¾
                                           THE LIVELY LIVESTOCK

JUNE CATTLE
Support should appear near 11300 then 11157 and 11010
Resistance should appear near 11362 and 11470      

JUNE HOGS

Resistance should appear near 9707 to 9737
Support should appear near 9447 to 9427

JULY HOGS

Resistance should appear near 9822 to 9837
Support should appear near  9542 to 9527  
                            The Satisfying Softs
 JULY COFFEE
Support should appear near 28830 to 28740 .   
Resistance should appear near the 30360 to 30450 region.

JULY COCOA
Resistance should appear near 3319 to 3328      
Support should appear near 3157 to 3148     

JULY SUGAR
Resistance is at 2219 to 2226
Support should appear near 1996 to 1982    
 
JULY COTTON
Resistance should appear near 15290 to 15350.
Support should appear near 14210 to 14150   
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com  

Friday April 29, 2011 4:45 AM South Florida Beach Time