FuturesCom
Morning Investment Comments
Tuesday May 10, 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 May 09, 2011
06:00 PM 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 the
12680.00 to 12,740.00 region
jUNE e-Mini sp500
Resistance should appear near the
1346.00 and 1361.50.
BW Traders can sell at 1376.75 and risk a close over 1384.25 for three days
in a row.
Support should appear at near 1334.00 then 1322 and 1310.00 to 1304.00.
BW Traders can buy at 1310.75 for a bounce and risk a close under 1302.25
for three days in a row.
Aggressive BW Traders can go long if a close over 1362.00 occurs
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. A close over is friendly and augurs
for a trade towards 2461.00 to 2469.00.
Support
should appear near 2370.00 to 2354.00, a close under is negative and augurs
for a test of 2322.00 to 2315.00. BW Traders can buy at 2323 for a bounce
and risk a close under 2312 for three days in a row. Aggressive BW Traders
can go long if a close over 2421.50 occurs.
JUNE E-Mini RUSSELL 2000
Resistance
should appear near 848.40 top
849.90
Support should appear near the 831.40 to 830.00
JUNE 30 YR BOND
Resistance should appear near 124-21. Beyond, that sellers should appear
near 125-07.
Support should appear near 123-21
and 123-07.
June 10 yr Note
Resistance
should appear near 122-21 and
123-07. Beyond that a test of 123-21 is likely
Support should appear near 121-21
and 121-07... Below that a test of 120-07 is likely
The Frenzied Forex Front
June dOLLAR iNDEX
Resistance
should appear
near the 7587 to 7601 region
Support should appear near the 7428 to 7414 region.
June JAPANESE Yen
Resistance
should appear
near 12680 to 12740 region.
BW Traders can sell at 12677 and risk a close over 12747 for three days in a
row.
Support should appear near 12380 to 12320, below that buyers should
appear near 12030 to 11920
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 is negative and
augurs for a test of 13830 to 13770.
Resistance should appear near
14370 and the 14530 to 14590 region
June SWISS FRANC
Resistance
should appear near 11640 to 11690. BW Traders can sell at 11633 for
as turn lower and risk a close over 11697 for three days in a row.
Support should appear near 11360
to 11300.
JUNE BRITISH POUND
Support should appear near
16210 to 16150.
Resistance should appear near
16420 to 16550. BW Traders can sell at 16417 for a turn lower and risk a
close over 16557 for three days in a row.
JUNE CanadIAN Dollar
Resistance
should appear
near 10470 and the 10580 to 10680 region
Support should appear near 10360
to 10320. Below that a test of 10136 to 10104 is likely.
JUNE AUSSIE DOLLAR
Resistance should appear near 10815 and 10960
to 11010
Support should appear near 10680
to 10580
The Precious Metals
JUNE gold
Resistance
should appear near the 1529.0
to 1535.0 region.
Support is near 1496.0 to 1484.0
JulY COPPER
Resistance should
appear near the 41630 to 41830 region.
BW Traders can sell at 41620 and hold for lower prices.
Support should appear near 39920
to 39820 and 39090 to 39020
July
Silver
Resistance
should appear near 3858 to
3867 and 3909 to 3929
Support is at 3682 to 3663 and 3563 to 3553
The Exciting Energies
JUne Crude
Oil
Resistance should
appear near 10320 to 10360 and 10470
Support should appear 10136 to 10104 and
10037 to 10021
JUNE HeaTING Oil
Support
should appear near 28830 to 28740 and
28280 to 28200
Resistance should appear near the
30360 to 30450 region. Beyond that sellers should appear near 30920 to
31020. BW Traders can sell at 30910 and hold for lower prices.
JUNE UNLEADED Gas
Support
should appear at 32130 to 31940 and 31570 to 31480
Resistance should appear near
33190 to 33280 and 33770 to 33860
Stay tuned for Updates and Flashes.
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
1346 , a close over friendly and augurs for a test of 1377 to 1383
Support should appear near
1310 to 1304 and the 1274 to 1268 region.
BW Traders should go long if a close over 1347 occurs.
JULY SOYMEAL
Resistance should appear near 355,3 to 356.3 , a close over is friendly
an d augurs for a test of 366.2 to 368.3
Support should appear near 344.3
to 342.5 and the 338.6 to 337.7 region
BW Traders should go long if a close over 356.4 occurs.
JULY BEAN OIL
Support should appear near 5504 to 5492 and the 5430 to 5418 region.
Resistance should appear near the
5640 to 5653 and the 5716 to 5729 region.
JULY CORN
Resistance should appear near 707 ¾ to 708 ¾, beyond that sellers should
appear near
714 ¼ to 717 and 732 ¾ to 734 ¼ BW Traders can sell at 731 ¾ and risk a
close over
743 for three days in a row
Support should appear near 700 ¼
to 699 and the 691 ¾ to 690 ¾ region.
JULY WHEAT
Resistance
should appear near 819 ½
to 822 ¼
Support should appear near 777 ¾
to 776 ¼
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 10817 and the 10680 to 10580 region.
Resistance should appear near
10960 to 11010
JUNE HOGS
Resistance
should appear near
9312 to 9347 and the 9427 to 9447 region. .
Support should appear near 9157
to 9137, a close under is negative and augurs for a test of 9062 to 9042
The Satisfying Softs
JULY COFFEE
Support should appear near
28830 to 28740, a close under is
negative and augurs for a test of
28290 to 28200... Below that a test of 27750 to 27580 is likely.
Resistance should appear near
29720 to 29900 and the 30360 to 30450 region
BW Traders should go short if a close under 28740 occurs.
JULY COCOA
Resistance should appear near
3092 to 3102 and the 3148 to 3157 region.
Support should appear
near 2990 to 2972, a close under is negative and augurs for a test of
2937 to 2928 and the 2883 to 2874 region.
JULY SUGAR
Resistance is at 2126 to 2134. Beyond that
sellers should appear near 2170 to 2185.
Support should appear near 2042
to 2034 and the 1996 to 1982 region.
JULY COTTON
Resistance should appear near 15290 to15250...
Support should appear 13460 to
13340
--A Ship in Harbor is Safe...But
that is not what ships are built for --
Happy Trading!
Bill
wil@futurescom.com
Monday May 9, 2011 7:00 PM
South
Florida Beach Time