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FuturesCom
Morning Investment Comments
Thursday May 5, 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 4th, 2011
9:00 PM South Florida Beach Time
                       The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 12,680.00 and 12530.00
Resistance should appear near 12,740.00 and 12,890.00
jUNE e-Mini sp500
 Resistance should appear near 1361.50, beyond that sellers should appear near
1377.00 to 1383.00 and cap a rally .
Support should appear at near 1340.00 to 1334.00. Below that buyers should appear near 1322.
BW Traders can buy at 1322.75 and risk a close under 1321 for three days in a row.

NAsdaq Composite
Resistance should appear near 2751.00 and the 2874.00 to 2883.00 region     
Support should appear near 2820.00 and the 2775.00 to 2758.00 region   

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 839.10 to 840.60 and 848.40 to 849.90
Support should appear near the 831.40 to 830.00. A close under is negtavie and augurs for a test of the 804.40 to 802.90 region.
  
JUNE 30 YR BOND
Resistance should appear near 123-21 and 124-07
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 and 120-21
                             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 12530 and the 12680 to 12740 region.
Support should appear near  12380 to 12320                

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 16420 and 16317
Resistance should appear near 16550 and 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 10815 and 10960 to 11010
Support should appear near 10630 to 10580.        

                                The Precious Metals
 JUNE gold
 Resistance should appear near 1569.0 to 1576.0
Support is near 1496.0 to 1484.0 and 1471.5. BW Traders can buy at 1472.00 and
hold for higher prices.

JulY COPPER
 Resistance should appear near 41630 to 41830 and 42380 to 42490 region
Support should appear near 41200 to 41100 and 39920 to 39820

 July Silver 
 Resistance should appear near 3982 to 3992 and 4046 to 4056                    
Support is at 3867 to 3858 and the 3806 to 3795 region.                                             
                                   The Exciting Energies  
JUNE Crude Oil
Resistance should appear near 10960 to 11010. 
Support should appear near 10817 and 10680 to 10580  

JUNE HeaTING Oil
 Support should appear near 31020 to 30920 and 30450 to 30360
Resistance should appear near 31480 to 31570 and 31940 to 32130     
JUNE UNLEADED Gas
 Support should appear at 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 33190 to 33280 and 33770 to 33860  
June NATURAL Gas
Support should appear at 4381 to 4370   
Resistance should appear near 4845 to 4956                                                              

                              THE GRANDE’ GRAINS
 JULY SOYBEANS
Resistance should appear 1377 to 1383         
Support should appear near 1346 to 1334

JULY SOYMEAL
Resistance should appear near 361.3 to 362.3 and 366.2 to 368.3        
Support should appear near 350.3 to 349.3 and 344.3 to 342.5           
BW Traders should go long if a close over 368.3 occurs.

JULY BEAN OIL
Resistance should appear near 5792 to 5805 and 5855 to 5880         
Support should appear near 5729 to 5716 and 5653 to 5640

JULY CORN
Resistance should appear near  741 ½ to 742 ¾         
Support should appear 708 ¾ to 707 ½              

JULY WHEAT
Resistance should appear near 783 ¾ to 786 ½
Support should appear near 742 ¾ to 741 ¾                               

                                                            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 9317 to 9347
Support should appear near 9157 to 9137

JULY HOGS

Resistance should appear near 9527 to 9542
Support should appear near 9157 to 9137

                           The Satisfying Softs
 JULY COFFEE
Support should appear near 29370 to 29280 and the 28830 to 28740 region  
Resistance should appear near 29720 to 29900 and 30920 to 31020

JULY COCOA
Resistance should appear near 3319 to 3328       
Support should appear near 3102 to 3192     

 

JULY SUGAR
Resistance is at 2170 to 2185 and 2219 to 2226
Support should appear near 2089 to 2080 and 1996 to 1982    
 
JULY COTTON
Resistance should appear near 15290 to 15350
Support should appear near 14590 to 14530   
           --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com  

Wednesday May 4, 2011 10:25 PM South Florida Beach Time