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FuturesCom
Morning Investment Comments
Wednesday May 11, 2011 

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

 

Wednesday May 11, 2011
01:00 AM 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 the 13,040.00 to 13,100.00

jUNE e-Mini sp500
Resistance should appear near the 1361.50 an1377.00 to 1383.00
BW Traders can sell at 1376.75 and risk a close over 1384.25 for three days in a row. 
Support should appear at near 1346.00 to1334.00
Aggressive BW Traders can go long if a close over 1362.00 occurs

 

jUNE E-Mini NasdaQ 100
Resistance
should appear near 2411.00 to 2419.00. A close over is friendly and augurs for a trade towards 2461.00 to 2469.00. 
Support
should appear near  2370.00 to 2354.00.
Aggressive BW Traders can go long if a close over 2421.50

JUNE  E-
Mini RUSSELL 2000
Resistance
should appear near 876.20 to 877.70   
Support should appear near the 840.60 to 839.10

JUNE 30 YR BOND
Resistance
should appear near 124-07. Beyond, that sellers should appear near 124-21.
Support should appear near 123-07 and 122-21


June 10 yr Note
Resistance should appear near 122-07 and 122-21
Support should appear near 121-07... Below that a test of 120-07 is likely

 

                            The Frenzied Forex Front
June dOLLAR iNDEX
Resistance
should appear near the 7486 to 7513 region       
Support should appear near the 7428 to 7414 region.   
 
June JAPANESE Yen
Resistance
should appear near 12680 to 12740 region.
BW Traders can sell at 12677 and risk a close over 12747 for three days in a row. 
Support should appear near 12320 and 12175        
           

June EURO currency
Support should appear near 14210 to 14150. A close under is negative and augurs for a test of 13830 to 13770.
Resistance should appear near 14370 and the 14530 to 14590 region

June SWISS FRANC
Resistance should appear near 11640 to 11690. BW Traders can sell at 11633 for as turn lower and risk a close over 11697 for three days in a row.
Support should appear near 11360 to 11300.

JUNE BRITISH POUND
Support should appear near 16420 and 16237
Resistance should appear near 16550 and 16627


JUNE CanadIAN Dollar
Resistance
should appear near 10470 and the 10580 to 10680 region             
Support should appear near 10360 to 10320. Below that a test of 10136 to 10104 is likely.

JUNE AUSSIE DOLLAR
Resistance should
appear near 10815 and 10960 to 11010
Support should appear near 10680 to 10580
       
                                 The Precious Metals
JUNE gold
Resistance
should appear near the 1529.0 to 1535.0 region. 
Support is near 1496.0 to 1484.0      

JulY COPPER
Resistance should appear near 40460 to 40560
Support should appear near 39820 and 39090 to 39020

July Silver 
Resistance
should appear near 3982 to 3992 
Support is at 3682 to 3663  
                                        
                                  
The Exciting Energies  

JUne Crude Oil
Resistance should appear near 10320 to 10360 and 10470
Support should
appear 10136 to 10104 and 10037 to 10021

JUNE HeaTING Oil
Support
should appear near 28830 to 28740 and  28280 to 28200
Resistance should appear near the 30360 to 30450 region. Beyond that sellers should appear near 30920 to 31020. BW Traders can sell at 30910 and hold for lower prices.         

JUNE UNLEADED Gas
Support
should appear at 32130 to 31940
Resistance should appear near 33770 to 33860

June NATURAL Gas
Support
should appear at 4183 to 4163 and the 4120 to 4110 region.     
Resistance should appear near 4304 to 4315 and 4425 to 4446.            
                                                      
 

                                THE GRANDE’ GRAINS
JULY SOYBEANS
Resistance
should appear  1346 , a close over friendly and augurs for a test of 1377 to 1383
Support should appear near  1310 to 1304 and the 1274 to 1268 region.
BW Traders should go long if a close over 1347 occurs.

JULY SOYMEAL
Resistance
should appear near 355,3 to 356.3 , a close over is friendly an d augurs for a test of 366.2 to 368.3        
Support should appear near 344.3 to 342.5 and the 338.6 to 337.7 region       
BW Traders should go long if a close over 356.4 occurs.

JULY BEAN OIL
Support
should appear near 5504 to 5492.         
Resistance should appear near the 5716 to 5729 region.

JULY CORN
Resistance should
appear near 714 ¼ to 717 and 732 ¾ to 734 ¼
BW Traders can sell at 731 ¾ and risk a close over 743 for three days in a row   
Support should appear near 700 ¼ to 699 and the 691 ¾ to 690 ¾ region.

JULY WHEAT
Resistance
should appear near 819 ½ to 822 ¼
Support should appear near 777 ¾ to 776 ¼ 

                                       
                                              
THE LIVELY LIVESTOCK

June Live Cattle
Support should appear near 10817 and the 10680 to 10580 region. 
Resistance should appear near 10960 to 11010

JUNE HOGS

Resistance should appear near 9522 to 9542. 
Support should appear near 9157 to 9137

                                  The Satisfying Softs
JULY COFFEE

Support should appear near 27750 to 27580
Resistance should appear near 28740 to 28830

JULY COCOA
Resistance should appear near 3102 and the 3148 to 3157 region.     
Support should appear
near 2990 to 2972 and 2937 to 2928   

 

JULY SUGAR
Resistance
is at 2219 to 2226. 
Support should appear near 2042 to 2034. 

JULY COTTON
Resistance
should appear near 15290 to15250...
Support should appear 13460 to 13340 
 
           --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill
wil@futurescom.com  
Wednesday May 11, 2011 4:00 AM
South Florida Beach Time