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FuturesCom
Morning Investment Comments
Friday May  20, 2011 

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

 

Thursday May 19, 2011
1:00 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 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 1490.0 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 40460 to 40560 then 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 39920 to 39820 and the 39290 to 39090 region.

 July Silver
Resistance should appear near 35493 to 3503 and 3553 to 3563
Support is at 3443 to 3425 and the 3386 to 3377 region  
                   
                                 The Exciting Energies

JUly Crude Oil
Resistance should appear near 10104 to 10136 and the 10320 to 10360 region
Support should appear near  9937 to 9921 and 9837 to 9821  
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 4056 to 4046 and 3992 to 3982
Resistance should appear near  4163 to 4182 and 4304 to 4315 

                            

                        THE GRANDE’ GRAINS

JULY SOYBEANS
Resistance should appear 1377 to 1383 and the 1415 to 1421 region
Support should appear near  1361 ½ and the 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  748 ¾ to 751 ¾ and 759 ¾ to 760 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  the 10360 to 10320 region  
 Resistance should appear near  10580 to 10680

JUNE HOGS
Resistance should appear near  9137 to 9157  then 9237 and 9317 to 9347
Support should appear near  9062 to 9042 and 8967 to 8932

     

                                 The Satisfying Softs

JULY COFFEE
Support should appear near  26200 to 26120 and the 25680 to 25520 region
Resistance should appear near  26630 to 26720 and 27160 to 27240

JULY COCOA
Resistance should appear near  3036 to 3045 and 3092 to 3102
Support should appear near 2972 and 2937 to 2928

JULY SUGAR
Resistance is at 2219 to 2226 and 2315 to 2322
Support should appear near  2134 to 2126 and 2089 to 2080

JULY COTTON
Resistance should appear near 16090 to 16150
Support should appear 15250 to 15290
--A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   Bill wil@futurescom.com
Thursday May 19, 2011 2:00 PM South Florida Beach Time