FuturesCom Morning Investment Comments Friday May 10, 2013 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
“Accomplishments will prove to be a journey, not a destination” — Dwight D. Eisenhower —
Thursday May 9, 2013
12:00 Noon South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 14,960.00 to 14,840.00.
Resistance should appear near the 15,290.00 to 15,350.00 region.
JUNE E-MINI SP500
Resistance should appear near the 1642.00 to 1655.00 region
Support should appear near 1615.00 to 1609.00.
NASDAQ COMPOSITE
Resistance should appear near 3425.00 to 3443.00 region.
Support should appear near 3386.00 to 3377.00.
JUNE E-MINI NASDAQ 100
Support should appear near 2937.00 to 2928.
Resistance should appear near 2972.00 to 2990.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 970.60 to 973.70 and 982.10 to 983.70
Support should appear near 954.20 to 952.60 and 944.50 to 942.90
JUNE 30 YR BOND
Resistance should appear near 147-07 and 147-21
Support should appear near 146-07 and 145-07.
JUNE 10 YR NOTE
Resistance should appear near 133-07 and 133-21.
Support should appear near 132-07 and 131-21.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8300 to 8314.
Support should appear near 8223 to 8194.00
JUNE JAPANESE YEN
Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near 9937 to 9921 and 9837 to 9821
JUNE EURO CURRENCY
Support should appear near 12967 and 12890
Resistance should appear near 13040 to 13100 .
JUNE SWISS FRANC
Resistance should appear near 10580 and 10630
Support should appear near 10470 and the 10360 to 10320 region.
JUNE BRITISH POUND
Support should appear near 15350 to 15290.
Resistance should appear near 15525 and the 15690 to 15760 region,
BW Traders can sell at 15687 and risk a close over 15770 for three days in a row.
JUNE CANADIAN DOLLAR
Resistance should appear near 9921 to 9937 and 9979.
Support should appear near 9879 and 9837 to 9821.
JUNE AUSSIE DOLLAR
Resistance should appear near 10104 to 10136.
Support should appear near the 9937 to 9921
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1471.5 and 1484 to 1496.
Support is near 1421 to 1415.
JULY COPPER
Resistance should appear near 33770 to 33860 and 34350 to 34430
Support should appear near 32700 to 32610 and the 32130 to 31940 region
JULY SILVER
Resistance should appear near 2411 to 2419 and 2461 to 2469.
Support is at 2322 to 2315 and 2275 to 2267
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9706 to 9737 and 9821 to 9837
Support should appear near 9542 to 9526 and 9445 to 9429
JUNE HEATING OIL
Support should appear near 28830 to 28740 and 28290 to 28200.
Resistance should appear the 29720 to 29900 and the 30360 to 30450 region.
JUNE UNLEADED GAS
Support should appear near 28290 to 28200 and 27750 to 27580.
Resistance should appear near 28740 to 28830. Beyond that sellers should appear near
29280 to 29370 and cap a rally.
JUNE NATURAL GAS
Resistance should appear at 4046 to 4056 and 4110 to 4120.
Support should appear near 3929 to 3909 and 3867 to 3858.
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1383 to 1377 and the 1346 to 1334 region.
Resistance should appear near 1415 to 1421 and 1437.
NOVEMBER SOYBEANS
Support should appear near 1203 to 1192, below that a trade towards 1169 to 1164 is likely. Resistance should appear near 1232 to 1238 and the 1268 to 1274 region.
BW Traders can sell at 1229 and risk a close over 1241 for three days in a row.
JULY SOYOIL
Resistance should appear near 4973 to 4995 and 5056 to 5067
Support should appear near 4856 to 4845 and the 4785 to 4775 region.
JULY SOYMEAL
Resistance should appear near 416.3 to 418.3 and 423.8 to 424.9
Support should appear near 399.2 to 398.2 and 392.9 to 390.9…
JULY CORN
Support should appear 627 to 625 ¾ and 603 ½ to 602 ¾
Resistance should appear near 657 ¾ to 659 ¼ and 665 ¾ to 667 ¼
JULY WHEAT
Resistance should appear near 732 ¾ to 734 ¼ and 741 ½ to 742 ¾
Support should appear near the 708 ¾ to 707 ½ and 691 ¾ to 690 ¾ region.
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11922 and 11807 and the 11690 to 11640 region,.
Resistance should appear near 12102 and 12175
JUNE HOGS
Support should appear near 9062 to 9042 and the 8967 to 8932 region.
Resistance should appear near 9100 and the 9137 to 9157 region
OCTOBER HOGS
Support should appear near 8047 to 8027 and 7957 to 7937
Resistance should appear near 8117 to 8137 and the 8192 to 8222 region.
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near 14590 to 14530 and 14210 to 14150
Resistance should appear near 14840 to 14960 and 15290 to 15360
JULY COCOA
Resistance should appear near 2354 to 2370 and 2411 to 2419.
Support should appear near 2322 to 2315 and 2275 to 2267
JULY SUGAR
Resistance is near 1774 to 1780 and 1808 to 1822.
Support should appear near 1731 to 1738 and 1696 to 1689
JULY COTTON
Support should appear near 8683 to 8668 and 8589 to 8560.
Resistance is near 8858 to 8871 and 8934 to 8964
Stay tuned for Flashes and Updates in all Markets
–A Ship in Harbor is Safe…But that is not what ships are built for –
Happy Trading!
Bill wil@futurescom.com
Thursday May 09, 2013
3:15 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 Futures Comments Friday May 10, 2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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