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FuturesCom
Morning Investment Comments
Friday May 6, 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


Friday  May 6th, 2011
6:00 AM South Florida Beach Time
                       The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 12,380.00 to 12,320.00
Resistance should appear near 12,680.00 to 12,740.00
jUNE e-Mini sp500
 Resistance should appear near 1340.00 to 1361.50, beyond that sellers should appear near
1377.00 to 1383.00 and cap a rally .
Support should appear at near 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 the 2874.00 to 2883.00 region     
Support should appear near 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  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 124-21 and 125-07
Support should appear near 123-21 and 123-07.

June 10 yr Note
 Resistance should appear near 122-21 and 123-07
Support should appear near 121-07 and 120-21

                             The Frenzied Forex Front
 June dOLLAR iNDEX
 Resistance should appear near 7486 to 7513       
Support should appear near 7342 to 7328   
 
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 14210 to 14150
Resistance should appear near 14530 to 14590
June SWISS FRANC
 Resistance should appear near 11640 to 11690
Support should appear near  11360 to 11300

JUNE BRITISH POUND
Support should appear near 16317 and 16210 to 16150
Resistance should appear near 16420 to16550

JUNE CanadIAN Dollar
 Resistance should appear near 10580 to 10680             
Support should appear near 10360 to 10320  

JUNE AUSSIE DOLLAR
 Resistance should appear near 106080 and 10815
Support should appear near 10580 and 10360 to 10320      

                                The Precious Metals
 JUNE gold
 Resistance should appear near  1484 to 1496
Support is near 1459 to 1453.

JulY COPPER
 Resistance should appear near 40460 to 40560
Support should appear near 39290 to 39090

 July Silver 
 Resistance should appear near 3493 to 3503                    
Support is at 3213 to 3194.                                             
                                   The Exciting Energies  
June Crude Oil
Resistance should appear near 10021 to 10037
Support should appear near 9347 to 9316  

JUNE HeaTING Oil
 Support should appear near 27750 to 27580
Resistance should appear near 29280 to 29370  

JUNE UNLEADED Gas
 Support should appear at 30450 to 30360   
Resistance should appear near 30920 to 3120  
June NATURAL Gas
Support should appear at 4183 to 4163   
Resistance should appear near  4304 to 4315                                                              

                              THE GRANDE’ GRAINS
 JULY SOYBEANS
Resistance should appear  1334 to 1346        
Support should appear near 1274 to 1268

JULY SOYMEAL
Resistance should appear near 361.3 to 362.3        
Support should appear near  344.3 to 342.5           

JULY BEAN OIL
Resistance should appear near  5716 to 5729         
Support should appear near  5356 to 5344

JULY CORN
Resistance should appear near  707 ½ to 708 ¾        
Support should appear 675 ½ to 674 3/4             

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 10817 and 10682
Resistance should appear near 10957 to 11012     

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 28830 to 28740 region  
Resistance should appear near 29720 to 29900  

JULY COCOA
Resistance should appear near 3148 to 3157       
Support should appear near 2937 to 2928     

 

JULY SUGAR
Resistance is at 2170 to 2185
Support should appear near  1996 to 1982    
 
JULY COTTON
Resistance should appear near 15290 to 15350
Support should appear near  14210 to 14150 

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

Friday May 6, 2011 8:15 AM South Florida Beach Time