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FuturesCom
Morning Investment Comments
Monday May 2, 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


Friday April 29, 2011
2:45 PM 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 122-21 and 123-07   
Support should appear near 122-07 and 121-21.

June 10 yr Note
 Resistance should appear near 121-21 and 122-07
Support should appear near 120-21 and 120-07

                             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 12380 and 12530
Support should appear near  12320 and 12175                  

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  11500 and 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 10815 and 10680 to 10580.        

                                 The Precious Metals
 JUNE gold
 Resistance should appear near 1569.0 to 1576.0 and the 1609.0 to 1615.0 region  
Support is near  1552.0 and 1535.0 to 1529.0.

JulY COPPER
 Resistance should appear near 42380 to 42490
Support should appear near  41200 to 41100

July Silver 
 Resistance should appear near 4845 to 4856 and 4973 to 4995                    
Support is at 4650 to 4639 and 4514 to 4503                                            
                                   The Exciting Energies  
JUNE Crude Oil
Resistance should appear near 11640 to 11690. 
Support should appear near 11360 to 11300 and 11175  

JUNE HeaTING Oil
 Support should appear near 32130 to 31940
Resistance should appear near 33190 to 33280     
JUNE UNLEADED Gas
 Support should appear at 33860 to 33770 and 33280 to 33190
Resistance should appear near 34250 to 34430 and 34930 to 35030

June NATURAL Gas
Support should appear at 4582 to 4571 and 4381 to 4370   
Resistance should appear near 4845 to 4956 and 4915 to 4926                                                                

                              THE GRANDE’ GRAINS
 JULY SOYBEANS
Resistance should appear 1415 to 1421         
Support should appear near 1383 to 1377

JULY SOYMEAL
Resistance should appear near 366.2 to 368.3 and 373.4 to 374.3        
Support should appear near 362.3 to 361.3 and 356.3 to 355.3          
BW Traders should go long if a close over 368.3 occurs.

JULY BEAN OIL
Resistance should appear near 5855 to 5880 and 5945 to 5957         
Support should appear near 5805 to 5792 and 5729 to 5716

JULY CORN
Resistance should appear near  776 ¼ to 777 ¾ and 783 ¾ to 786 ½          
Support should appear  742 ¾ to 741 ½ and 734 ¼ to 732 ¾              

JULY WHEAT
Resistance should appear near 830 to 831 ½
Support should appear near 777 ¾ to 776 ¼   

                                           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 3425 to 3443       
Support should appear near 3213 to 3194     

JULY SUGAR
Resistance is at 2267 to 2275
Support should appear near 1996 to 1982    
 
JULY COTTON
Resistance should appear near 16420 to 16550
Support should appear near 15350 to 15290   

           --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 3:45 PM South Florida Beach Time