FuturesCom
Morning Investment Comments
Monday May 16, 2011
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains •
Livestock • Softs
Friday May 13, 2011
4:00 PM Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support
should appear near 12,530.00 and the 12,380.00 to
12,320.00 region
Resistance
should appear near 12,680.00
to 12,740.00 and 12,890.00
jUNE e-Mini sp500
Resistance should appear near 1340.00 to
1346.00 then 1361.50 and the 1377.00 to 1383.00 region.
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
1334.00 then 1322.00 and the 1310.00 to 1304.00 region
BW Traders can buy at 1310.75 and risk a close under 1302.25 for three days
in a row
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.. Below that buyers should appear near
2322.00 to 2315.00. BW Can buy at 2323.00 and risk a close under 2312 for
three days in a row.
Aggressive BW Traders can go long if a close over 2421.50
JUNE E-Mini RUSSELL 2000
Resistance
should appear near 839.10 to
840.60 and the 848.40 to 849.90 region
Beyond that sellers should appear near 856.00 to 858.90
Support should appear near 831.40 to 830.00 and the 822.30 to 819.40
region
Below that buyers should appear near 813.40 to 811.90
JUNE 30 YR BOND
Resistance should appear near 124-21
and 125-07
Support should appear near 124-07
and 123-21
June 10 yr Note
Resistance
should appear near
122-21 and 123-07
Support should appear near 122-07
and 121-21
The Frenzied Forex Front
June dOLLAR iNDEX
Resistance
should appear
near 7612 then 7638 and the 7675 to 7689 region
Support should appear near the 7587 then 7550 and the 7513 to 7486
region.
June JAPANESE Yen
Resistance
should appear
near 12530 and the 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 12360
to 12320 and 12175
June EURO currency
Support
should appear near 13990 and
the 13830 to 13770 region
Resistance should appear near
14150 to 14210
June SWISS FRANC
Resistance
should appear near 11300 to
11360
Support should appear near 11010
to 10960
JUNE BRITISH POUND
Support should appear near
16150 to 16090
Resistance should appear near
16285 and 16337
JUNE CanadIAN Dollar
Resistance
should appear
near 10320 to 13060 and 10470
Support should appear near 10237.
Below that a test of 10136 to 10104 is likely.
JUNE AUSSIE DOLLAR
Resistance should appear near
10580 to 10630 and 10680
Support should appear near 10470
and the 10360 to 10320 region.
The
Precious Metals
JUNE gold
Resistance
should appear near the 1496
and 1512.5
Support is near 1484.0 then 1471.5 and the 1459 to 1453 region.
BW
Traders can buy at 1459 for a bounce and hold for higher prices.
JulY COPPER
Resistance should
appear near 40460 to 40560, beyond that sellers should appear near
41630 to 41830. BW Traders can sell at 41620 and hold for lower prices.
Support should appear near 39090
to 39020 and 38670 to 38580
July
Silver
Resistance
should appear near 3553 to
3563 and the 3613 to 3623 region
Support is at 3443 to 3425 and the 3386 to 3377 region
The Exciting Energies
JUly Crude
Oil
Resistance should
appear near 10021 to 10037 and 10104 to 10136
Support should appear
9837 to 9821 and the 9737 to 9706
region
JUNE HeaTING Oil
Support
should appear near 28830 to 28740 and
28280 to 28200
Resistance should appear near the
29720 to 29900 and 30360 to 30450 region
JUNE
UNLEADED Gas
Support
should appear at 29900 to 29720 and 29370 to 29280
Resistance should appear near
30920 to 31020 and 31940 to 32130
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 1334 to
1346, a close over is friendly and augurs for a test of
the 1377 to 1383 region
Support should appear near 1310
to 1304 region.
BW Traders should go long if a close over 1347 occurs.
JULY SOYMEAL
Resistance should appear near 349.3
to 350.3 and 355.3 to 356.3
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 5577 to 5553 and 5504 to 5492
Resistance should appear near the
5640 to 5653 and 5716 to 5729
JULY CORN
Resistance should appear near 683
¾ and 690 ¾ to 691 ¾
Support should appear near 667 ¼
to 665 ¾ and the 659 ¼ to 657 ¾ region.
JULY WHEAT
Resistance should appear near 732
to ¾ to 734 ¼ and 748 ¾ to 751 ½
Support should appear near 708 ¾
to 707 ½ and 700 ¼ to 699
THE
LIVELY LIVESTOCK
June 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 and 9707 to 9737
Support should appear near 9347
to 9317 and 9157 to 9137
The Satisfying Softs
JULY COFFEE
Support should appear near 26720
to 26630 and 26200 to 26120
Resistance should appear near
27160 to 27240 and 27580 to 27750
JULY COCOA
Resistance should appear near
3036 to 3045 and 3092 to 3102
Support should appear
near 2990 to 2972 and 2937 to 2928
JULY SUGAR
Resistance is at 2219 to 2226 and 2267 to 2275
Support should appear near 2134
to 2126 and 2042 to 2034
JULY COTTON
Resistance should appear near 14840
to 14960 and 15290 to15250..
Support should appear 14210 to
14150 and 13830 to 13770
--A Ship in Harbor is Safe...But that
is not what ships are built for --
Happy Trading! Bill
wil@futurescom.com
Friday May 13, 2011 5:00 PM
South
Florida Beach Time