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FuturesCom
Morning Investment Comments
Thursday May  19, 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.

Wednesday May 18, 2011
7:00 PM South Florida Beach Time
                           The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near the 12,380.00 to 12,320.00 region
Resistance should appear near the 12,680.00 to 12,740.00 region.

jUNE e-Mini sp500
 Resistance should appear near 1346.00 and 1361.50. Beyond that sellers should appear near
1377.00 to 1383.00. BW Traders can sell at 1376.50 and risk a close over 12384 .25 for three days in 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
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.  
Support should appear near 2358.00 and the 2322.00 to 2315.00.
 
 JUNE E-Mini RUSSELL 2000
 Resistance should appear near 839.10 to 840.60 and the 848.40 to 849.90 region  
Support should appear near  831.40 to 830.40 and 822.30 to 819.40

JUNE 30 YR BOND
Resistance should appear near 125-07 and 125-21
 Support should appear near 124-07 and 123-21

June 10 yr Note
 Resistance should appear near 123-07 and 123-21
 Support should appear near 122-07 and 121-21                    

                                  The Frenzied Forex Front
 June dOLLAR iNDEX
 Resistance should appear near 7587 to 7601
Support should appear near the 7513 to 7486 region.

June JAPANESE Yen
 Resistance should appear near 12320 to 12380
Support should appear near 12175 and the 12030 to 11920 region.BW Traders can buy at 12037 for a bounce and risk a close under 11917 for three days in a row.  

June EURO currency
 Support should appear near 14210 to 14150. A close under augurs for a test of the 13990 and eventuially the 13830 to 13770 region  
 Resistance should appear near 14290 and 14370. Beyond that sellers should appear near 14410. 

June SWISS FRANC
 Resistance should appear near 11500 and the 11640 to 11690 region
BW Traders can sell at 11633 and risk a close over 11697 for three days in a row.
Support should appear near  11300 and 11175

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 10630 and 10680
Support should appear near 10580 then 10470 and the 10360 to 10320 region.

                              The Precious Metals

 JUNE gold
 Resistance should appear near 1512.5 . Beyond that sellers should appear near 1529.0 to 1535.0
Support is near 1496.0 to 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 411.0 to 412.0 and the 41630 to 41830 region.
BW Traders can sell at 41620 and hold for lower prices.
Support should appear near 40560 to 40460 and 39920 to 39820

 July Silver
Resistance should appear near 3553 to 3563 and the 3613 to 3623 region
Support is at 3503 to 3493 and the 3443 to 3425 region
                  
                                The Exciting Energies

JUly Crude Oil
Resistance should appear near 10104 to 10136 and the 10320 to 10360 region
Support should appear near  10037 to 10021 and the 9937 to 9921 region  
JUNE HeaTING Oil
 Support should appear near 28280 to 28200
Resistance should appear near the 29720 to 29900

JUNE UNLEADED Gas
 Support should appear at 28830 to 28740
 Resistance should appear near 29720 to 29900

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 the 1377 to 1383 region
Support should appear near 1346 to 1334 region.

JULY SOYMEAL
Resistance should appear near 361.3.to 362.3 and  366.3 to 368.2
Support should appear near 356.3 to 355.3 and 350.3 to 349.3 region  
JULY BEAN OIL
Support should appear near the 5653 to 5640 region
 Resistance should appear near the 5792 to 5805 region  
JULY CORN
Resistance should appear near 759 ¾ to 760 ¾ and 776 ¼ to 777 ¾  
Support should appear near 742 ¾ to 741 ¾ and 734 ¼ to 732 ¾  

JULY WHEAT
Resistance should appear near 819 ½ to 822 ¼ and the 830 to 831 ½ region   
Support should appear near 804 ½ to 802 ¾ and  795 ½ to 793 ¾ region.  
                       THE LIVELY LIVESTOCK
 June Cattle
Support should appear near 10580 and the 10360 to 10320 region  
 Resistance should appear near  10817 and the 10960 to 11010 region

JUNE HOGS
Resistance should appear near  9317 to 9347 and 9522 to 9542
Support should appear near  9137 and  9062 to 9042
   

                                 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 2315 to 2322 and 2354 to 2370
Support should appear near 2275 to 2267 and 2226 to 2219

JULY COTTON
Resistance should appear near 16420 to 16550.
Support should appear 15760 to 15690
 --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   Bill wil@futurescom.com
Wednesday May 18, 2011 9:00 PM South Florida Beach Time