THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES.  WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION.  FUTURES and Foreign Exchange TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS.  THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK.  THE USE OF STOPS May NOT LIMIT LOSSES TO INTENDED AMOUNTS.  SPREAD POSITIONS May NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, foreign exchange and options. Trading futures and foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Please trade with capital you can afford to lose. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.  No SOLICITATION IS made here for individuals to buy or sell futures contracts, foreign exchange or options market. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY.  Readers are solely responsible for how they use the information and for their results. You should be aware of all the risks associated with futures and foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. The high degree of leverage that is often obtainable in futures and foreign exchange trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.  Internet Risks: There are risks associated with utilizing an Internet based Service including, but not limited to, the failure of hardware, software and Internet connection. Futurescom employs back-up systems and contingency plans to minimize the possibility of system failure

 

 

 

 


FuturesCom
Morning Investment Comments
Tuesday May 3, 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


Monday May2nd, 2011
4:00 PM South 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 12,890.00 and 13,040.00 to 13,100.00

jUNE e-Mini sp500
 Resistance should appear near 1361.50 and the 1377.00 to 1383.00 region.  
Support should appear at near 1346.00 to 1334.00

 

NAsdaq Composite
Resistance should appear near 2874.00 to 2883.00     
Support should appear near 2829.00 to 2820.00   

jUNE E-Mini NasdaQ 100
 Resistance should appear near 2411.00 to 2419.00.  
Support should appear near 2370.00 to 2354.00

JUNE  E-Mini RUSSELL 2000
 Resistance should appear near 856.00 to 858.90 and 866.80 to 868.30
Support should appear near 849.90 to 848.40 and 840.60 to 839.10  
  
JUNE 30 YR BOND
Resistance should appear near 123-07 and 123-21  
Support should appear near 122-07 and 121-21.

June 10 yr Note
 Resistance should appear near 121-21 and 122-07
Support should appear near 120-21 and 120-07
                             The Frenzied Forex Front
 June dOLLAR iNDEX
 Resistance should appear near 7328 to 7342       
Support should appear near 7255 to 7242   
 
June JAPANESE Yen
 Resistance should appear near  12320 to 12380 and 12530
Support should appear near  12175 and 12030 to 11920                 

June EURO currency
 Support should appear near 14590 to 14530
Resistance should appear near 14840 to 14960
June SWISS FRANC
 Resistance should appear near 11640 to 11690
Support should appear near  11500 and 11360 to 11300

JUNE BRITISH POUND
Support should appear near 16550 to 16420
Resistance should appear near 16890 to 16960
JUNE CanadIAN Dollar
 Resistance should appear near 10580 to 10680             
Support should appear near 10360 to 10320  
BW Traders can buy at 10367 and hold for higher prices

JUNE AUSSIE DOLLAR
 Resistance should appear near 10960 to 11010
Support should appear near 10815 and 10680 to 10580.        

                                  The Precious Metals
 JUNE gold
 Resistance should appear near 1569.0 to 1576.0
Support is near 1535.0 to 1529.0.

JulY COPPER
 Resistance should appear near 42380 to 42490
Support should appear near  41200 to 41100

July Silver 
 Resistance should appear near 4503 to 4514 and 4639 to 4650                    
Support is at 4249 to 4238 and 4183 to 4163                                            
                                   The Exciting Energies  
JUNE Crude Oil
Resistance should appear near 11300 to 11360 and 11640 to 11690. 
Support should appear near 11175 and 11010 to 10960
BW Traders can buy at 11017 and hold for higher prices.  

JUNE HeaTING Oil
 Support should appear near 32130 to 31940 and 31570 to 31480
Resistance should appear near 32610 to 32700 and 33190 to 33280     
JUNE UNLEADED Gas
 Support should appear at 33280 to 33190 and 32700 to 32610 Below that buyers should appear near 32130 to 31940.BW Traders can buy at 32150, risk a close under 31470 for three days in a row. 
Resistance should appear near 33770 to 33860 and 34250 to 34430

June NATURAL Gas
Support should appear at 4582 to 4571 and 4381 to 4370   
Resistance should appear near 4845 to 4956 and 4915 to 4926                                                                

 

                              THE GRANDE’ GRAINS
 JULY SOYBEANS
Resistance should appear 1415 to 1421         
Support should appear near 1383 to 1377

JULY SOYMEAL
Resistance should appear near 366.2 to 368.3 and 373.4 to 374.3        
Support should appear near 362.3 to 361.3 and 356.3 to 355.3          
BW Traders should go long if a close over 368.3 occurs.

JULY BEAN OIL
Resistance should appear near 5880 and 5945 to 5957         
Support should appear near 5805 to 5792 and 5729 to 5716

JULY CORN
Resistance should appear near  741 ½ to 742 ¾ and 748 ¾ to 751 ¼          
Support should appear 734 ¼ to 732 ¾  and the 725 ½ to 724 ¼ region             

JULY WHEAT
Resistance should appear near 830 to 831 ½
Support should appear near 777 ¾ to 776 ¼  
                                            THE LIVELY LIVESTOCK

JUNE CATTLE
Support should appear near 11010 to 10960
Resistance should appear near 11300 to 11360     

JUNE HOGS

Resistance should appear near 9707 to 9737
Support should appear near 9447 to 9427

JULY HOGS

Resistance should appear near  9822 to 9837
Support should appear near  9542 to 9527  
                            The Satisfying Softs
 JULY COFFEE
Support should appear near 29370 to 29280   
Resistance should appear near 30920 to 31020

JULY COCOA
Resistance should appear near 3319 to 3328       
Support should appear near 3213 to 3194    

 

JULY SUGAR
Resistance is at 2267 to 2275
Support should appear near 1996 to 1982    
 
JULY COTTON
Resistance should appear near 16090 to 16150
Support should appear near 14960 to 14840   

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

Monday May 2, 2011 4:50 PM South Florida Beach Time