FuturesCom Morning Investment Comments Friday May 18, 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–
Thursday May 17, 2012
2:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near the 12,380.00 to 12,320.00 region
Resistance should appear near 12,530.00 and the 12,680.00 to 12,740.00 region
JUNE E-MINI SP500
Resistance should appear near 1322.00 and 1334.00 to 1346.00.
Support should appear near 1304.00 and the 1274.00 to 1268.00 region
NASDAQ COMPOSITE
Resistance should appear near 2874.00 to 2883.00 and 2928.00 to 2937.00
Support should appear near 2829.00 to 2820.00 and 2775.0 to 2758.00
JUNE E-MINI NASDAQ 100
Resistance should appear near 2552.00 to 2568.00 and 2612.0 to 2620.0.
Support should appear near 2519.00 to 2511.00 and 2469.00 to 2461.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 767.50 to 768.90 and 776.30 to 777.70.
Support should appear near 742.8 to 741.40 and 734.20 to 732.80
Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 148-21 and 149-21
Support should appear near 147-07 and 146-21.
JUNE 10 YR NOTE
Resistance should appear near 134-07 and 134-21
Support should appear near 133-07 and 132-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8194 to 8223 and 8300 to 8314
Support should appear near 8134 to 8119 and 8081
JUNE JAPANESE YEN
Resistance should appear near the12680 to 12740 region.
Support should appear near the 12380 to 12320 region.
JUNE EURO CURRENCY
Support should appear near 12680 then 12605 and 12530.
Nearby Resistance should appear near 12710 to 12740 12777 and 12815
JUNE SWISS FRANC
Resistance should appear near 10580 to 10630 and 10680.
Support should appear near 10470 and 10360 to 10320
JUNE BRITISH POUND
Support should appear near 15760 to 15690
Resistance should appear near 15842 and 15927.
JUNE CANADIAN DOLLAR
Resistance should appear near 9821 to 9837 and 9921 to 9937
Nearby Support should appear near 9737 to 9706 and 9641 to 9625
JUNE AUSSIE DOLLAR
Resistance should appear near 9921to 9937 and 10021 to 10037.
Support should appear near 9837 to 9821 and 9737 to 9706
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1576 then 1592.5 and 1609 to 1615
Support is near the 1535 to 1529 and 1496.0 to 1484.0.
JULY COPPER
Resistance should appear near 34930 to 35040 and 35530 to 35630.
Support should appear near 34430 to 34250 and 33860 to 33770
JULY SILVER
Resistance should appear near 2820 to 2829 aqnd 2874 to 2883
Support is at 2724 to 2716 and 2672 to 2663
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9316 to 9347 and 9429 to 9445
Support should appear near the 9156 to 9140 and the 9060 to 9044 region.
JUNE HEATING OIL
Support should appear near 27750 to 27580.
Resistance should appear near 29280 to 29370
JUNE UNLEADED GAS
Support should appear near 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 2469 to 2461.
Resistance should appear near 2663 to 2672
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1383 to 1377.
Resistance should appear near 1453 to 1459.
JULY SOYMEAL
Resistance should appear near 437.0 to 438.1
Support should appear near 418.3 to 416.3
JULY BEAN OIL
Support should appear near 4995 to 4973 and 4926 to 4915
Resistance should appear near 5127 to 5139 and 5200 to 5211
JULY CORN
Support should appear near 611 1/.4 to 610 ¼
Resistance should appear near 633 ¾ to 635
JULY WHEAT
Resistance should appear near 665 ¾ to 667 ¾
Support should appear near 635 to 633 ¾
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11690 to 11640
Resistance should appear near 11920 to 12030
JUNE HOGS
Support should appear near 8682 to 8667
Resistance should appear near 8857 to 8872
BW Traders can sell at 8852 and hold for lower prices
JULY HOGS
Support should appear near 8777 to 8762.
Resistance should appear near 8932 to 8962.
BW Traders can sell July at 8932 and hold for lower prices.
OCTOBER HOGS
Support should appear near 8042 to 8027
Resistance should appear near 8192 to 8222
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near the 17380 to 17310 and 16960 to 16890
Resistance should appear near 18080 to 18220 and 18580 to 18650
JULY COCOA
Resistance should appear near 2315 to 2322
Support should appear near 2185 to 2170.
JULY SUGAR
Support is at 1996 to 1982 region.
Resistance should appear near 2126 to 2134
JULY COTTON
Resistance should appear near 7939 to 7954 and 8029 to 8044
Support should appear 7689 to 7675 and 7513 to 7486
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Thursday May 17, 2012
3:30 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 Friday May 18, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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