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FuturesCom
Morning Investment Comments
Thursday March 24, 2011

 

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

 

Wednesday March 23, 2011
6:30 PM South Florida Beach Time

                          The Sensational Stock and bond Markets

Dow Jones Industrial Average
 Support should appear near 12030.00 to 11920.00
 Resistance should appear near 12,175.00 and 12,320.00 to 12.360
 
jUNE e-Mini sp500
 Resistance should appear near 1304.00 to 1310.00, which should cap a rally   
Support should appear at near 1289.00 and the 1274.00 to 1268.00 region.
 Trade Accordingly

NAsdaq Composite
Resistance should appear near 2716 to 2724.. Which should cap a rally
Support should appear near 2672.00 to 2663.00                  

jUNE E-Mini NasdaQ 100
 Resistance should appear near 2267.00 to 2275.00
Support should appear near 2243 and 2226.00 to 2219.090    

JUNE  E-Mini RUSSELL 2000
 Resistance should appear near 819.40 to 822.30 and 830.00 to 831.40      
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 121-21 and 122-07
Support should appear near 120-21

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

                               The Frenzied Forex Front
 June dOLLAR iNDEX
 Resistance should appear near 7675 to 7689     
Support should appear near 7601 to 7587
 
June JAPANESE Yen
 Resistance should appear near 12500. Beyond that a test of 12680 to 12740 is likely.   
Support should appear near 12360 to 12320 and 12175. 
              

June EURO currency
 Support should appear near 13990 and 13830 to 13770
Resistance should appear near 14150 to 14210.
Day Traders can sell against 14147 and hold for lower prices.    
June SWISS FRANC
 Resistance should appear near the 11155 and 1300 to 11360.  
Support should appear near 11010 to 10960

JUNE BRITISH POUND
Support should appear near 16150 to 16090
Resistance should appear near 16420 to 16550.
JUNE CanadIAN Dollar
 Resistance should appear near 10320 to 10360
Support should appear near 10136 to 10104.    

 JUNE AUSSIE DOLLAR
 Resistance should appear near 10104 to 10136. Day Traders can sell against
10102 and risk 50 points
Support should appear near 9937 to 9921.                           

                                The Precious Metals
 June gold
 Resistance should appear near 1453 to 1459
Support is near 1421 to 1415.    

MAY COPPER
 Resistance should appear near 45030 to 45140
Support should appear near 43810 to 43700, a close under augurs for a test of the
42490 to 42380 region

MAY Silver 
 Support should appear near 3682 to 3663 and 3623 to 3613                    
Resistance is at 3734 to 3743 and 3795 to 3803             
                       
                                    The Exciting Energies  

May Crude Oil
Resistance should appear near 10580 to 10680... Beyond that a test of 10960 to 11010 is likely    
Support should appear near 10470 and 10360 to 10320. Day Traders can buy at 10477   
Below that 10360 to 10320 should hold.  Trade Accordingly
May HeaTING Oil
 Support should appear near 30450 to 30360 and 29900 to 29720
Resistance should appear near 30920 to 31020 and 31480 to 31570                    

May UNLEADED Gas
 Support should appear at 29900 to 29720 and 29370 to 29280
Day Traders can buy at 29930 and hold for higher prices, risk an extended trade under 29690
Resistance should appear near 30360 to 30450 , beyond that a test of 30920 to 31020 is likely.                    

May NATURAL Gas
Support should appear at 4249 to 4238
Resistance should appear near 4425 to 4446                                                                

 

                                 THE GRANDE’ GRAINS
 MAY SOYBEANS
Resistance should appear 1377 to 1383        
Support should appear near 1346 to 1334  

MAY SOYMEAL
Resistance should appear near  366.3 to 368.2  and 373.4 to 374.8       
Support should appear near 356.3 to 355.3 and 344.3 to 342.5         

MAY BEAN OIL
Resistance should appear near  5640 to 5653 and 5716 to 5729.       
Support should appear near 5504 to 5492 and the 5430 to 5418 region.   
 
MAY CORN
Support should appear near 675 ½ to 674 ¾ and 659 ½ to 657 ¾         
Resistance should appear 690 ¾ to 691 ¾ and 707 ¾ to 708 ¾                

MAY WHEAT
Resistance should appear near 732 ¾ to 734 ½
Support should appear near 683 ¾ to 680 ¾  

                                          THE LIVELY LIVESTOCK

JUNE CATTLE
Support  should appear near 11360 to 11300.  
Resistance should appear near 11470 and the 112640 to 11690 region       

JUNE HOGS
Resistance should appear near 10102 to 10137
Support should appear near 9937 to 9922
                          

 

                              The Satisfying Softs
 MAY COFFEE
Support should appear near 26720 to 26630 and 26200 to 26120
Resistance should appear near 27580 to 27750 and 28200 to 28290     

MAY COCOA
Resistance should appear near 3261 to 3270 and 3377 to 3386     
Support should appear near 3213 to 3194 and 3102 to 3092  

 

MAY SUGAR
Resistance is at 2716 to 2724
Support should appear near 2519 to 2511   

 
MAY COTTON
Resistance should appear near 20800 to 20890    

Support should appear near 19530 to 19460

 

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

Wednesday March 23, 2011   8:35 PM South Florida Beach Time