FuturesCom Morning Investment Comments Tuesday May 08, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2 . “The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it” –Ronald Reagan–
Monday May 07, 2012
1:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,890.00 and the 12,740.00 to 12,680.00 region.
Resistance should appear near 13,100.00 and 13,220.00.
JUNE E-MINI SP500
Resistance should appear near 1377.00 to 1383.00 and 1399.00.
Support should appear near 1361.50 and the 1346.00 to 1334.00 region
NASDAQ COMPOSITE
Resistance should appear near 2990.00 to 2972.00
Support should appear near 2937.00 to 2928.00
JUNE E-MINI NASDAQ 100
Resistance should appear near 2663.00 to 2672.00.
Support should appear near 2620.00 to 2612.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 795.40 then 802.90 to 804.40 and the 811.90 to 813.40 region.
Support should appear near the 786.40 to 783.60 region. Below that buyers should appear near the 777.70 to 776.30 region
Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 144-07 and 144-21.
Support should appear near 143-07 and 142-21.
JUNE 10 YR NOTE
Resistance should appear near 133-07 and the 133-21.
Support should appear near 132-07 and 131-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8044 to 8029, a close over is friendly and augurs for a test of
8119 to 8134.
Support should appear near the 7954 to 7939 and 7901
JUNE JAPANESE YEN
Resistance should appear near the 12530 and the 12680 to 12740 region.
Support should appear near 12380 to 12320
JUNE EURO CURRENCY
Support should appear near 13040, a close under is negative and augurs for a test of 12890.
Resistance should appear near 13100 and 13220.
BW Traders should Go Short if a close under 13037 occurs.
JUNE SWISS FRANC
Resistance should appear near 10960 to 11010
Support should appear near 10820 below that a test of 10680 to 10580 is likely.
BW Traders should go short if a close under 10817 occurs
JUNE BRITISH POUND
Support should appear near 16150 to 16090, a close or extended trade under is negative and augurs for a test of 15927.
Resistance should appear near 16317 and the 16420 to 16550 region, which should cap a rally.
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136 and 10185.
Nearby Support should appear near 10037 to 10021 and 9937 to 9921
JUNE AUSSIE DOLLAR
Resistance should appear near 10237 and 10320 to 10360.
Nearby Support should appear near the 10136 to 10104 region
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1642 to 1655 then 1672 and the 1689 to 1696 region. BW Traders can sell at 1671.0 and initially plan on risking a close over 1697 for three days in a row.
Support is near 1628.5 and the1615 to 1609 region
JULY COPPER
Resistance should appear near 37950 to 38060. Beyond that sellers should appear near 38580 to 38670 and cap a rally.
Support should appear near 36820 to 36630 and the 36230 to 36130 region.
JULY SILVER
Resistance should appear near 3036 to 3045 and 3092 to 3102
Support is at 2990 to 2972 and the 2937 to 2928 region.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9921 to 9937 and the 10021 to 10037 region
Support should appear near the 9737 to 9706 and the 9542 to 9526 region.
JUNE HEATING OIL
Support should appear near 29720 and the 29370 to 29280 region. Below that buyers should appear near 28830 to 28740.
Resistance should appear near 30360 to 30450 and the 30920 to 31020 region.
JUNE UNLEADED GAS
Support should appear near 29370 to 29280 and the 28290 to 28200 region, which should contain a decline.
Resistance should appear near 30360 to 30450 and 31480 to 31570
JUNE NATURAL GAS
Support should appear at 2185 to 2170 and 2134 to 2126
Resistance should appear near the 2411 to 2419 region
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1421 to 1415 and 1383 to 1377.
Resistance should appear near the 1484 to 1496 and the 1529 to 1535 region.
JULY SOYMEAL
Resistance should appear near 430.4 to 431.5 and 437.0 to 438.1.
Support should appear near 424.9 to 423.8 and the 412.2 to 411.0 region.
JULY BEAN OIL
Support should appear near the 5282 to 5259 region.
Resistance should appear near the 5418 to 5430 region.
JULY CORN
Support should appear near 595 ¾ to 594 ½
Resistance should appear near the 633 ¾ to 635 region.
JULY WHEAT
Resistance should appear near 616 ½ to 619 and 633 ¾ to 635
Support should appear near 603 ½ to 602 ¾ and the 595 ¾ to 594 ½ region
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11532 and 11360 to 11300
Resistance should appear near 11640 to 11690 then 11817 and the 11920 to 12030 region, which should cap a rally. BW Traders can sell at 11917 and risk a close over 12042 for three days in a row.
JUNE HOGS
Support should appear near 8407 to 8392 and the 8317 to 8302 region.
Below that buyers should appear near 8222 to 8192.
Resistance should appear near 8482 to 8502 region. A close over is friendly and augurs for a test of 8667 to 8682
JULY HOGS
Support should appear near 8482 and the 8407 to 8392 region .Below that buyers should appear near 8317 to 8302.
Resistance should appear near 8567 to 8562 and the 8667 to 8682 region.
OCTOBER HOGS
Support should appear near 7957 to 7932 and the 7867 to 7832 region.
Resistance should appear near 8027 to 8047 and the 8300 to 8317 region.
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near the 17380 to 17310 and the 16960 to 16890 region.
Resistance should appear near 18080 to 18220 and the 19020 to19090 region.
BW Traders can sell at 18070 and hold for lower prices.
JULY COCOA
Resistance should appear near 2354 to 2370 and the 2411 to 2419 region
Support should appear near 2322 to 2315 and the 2275 to 2267 region.
JULY SUGAR
Support is at 2042 to 2034 and the 1996 to 1982 region.
Resistance should appear near 2126 to 2134 and the 2219 to 2226 region.
JULY COTTON
Resistance should appear near 8668 to 8682 and 8756 to 8771
Support should appear 8589 to 8560 and 8314 to 8300
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Monday May 07, 2012
2:15 PM South Florida Beach Time
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 INDICATIVE OF FUTURE RESULTS. NO SOLICITATION IS MADE HERE FOR INDIVIDUALS TO BUY OR SELL FUTURES CONTRACTS, FOREIGN EXCHANGE OR OPTION MARKET. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. READERS ARE SOLEY 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 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, FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION, FUTURESCOM EMPLOYS BACK-UP SYSTEMS AND CONTINGENCY PLANS TO MINIMIZE THE POSSIBILITY OF SYSTEM FAILURE
FuturesCom Morning Comments Tuesday May 08, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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