Morning Investment and Day Trading Comments Thursday May 29, 2014 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
Wednesday May 28, 2014 3:00 PM, South Florida Beach Time. Stay tuned for flashes and updates for all markets.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,550.00 to 16,420.00.
Resistance is at 16,720.00 and the 16,890.00 to 16,960.00 region.
JUNE E-MINI SP500
Resistance is at 1927.50 and the 1946.00 to 1953.00 region BW Traders can sell at 1945.75 and risk a close over 1954.25 for three days in a row. Support should appear near 1902 and 1883.50.
NASDAQ COMPOSITE
Resistance should appear at 4238.00 to 4249.00 and 4304.00 to 4315.00
Support should appear near 4183.00 to 4163.00 and 4120.00 to 4110.00
JUNE E-MINI NASDAQ 100
Support should appear near 3683.00 to 3663.00. Resistance is near the 3734.00 to 3743.00 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1150.00 and the 1164.00 to 1169.00 region. Support should appear near 1136.00 to 1130.00 and 1115.50.
SEPTEMBER 30 YR BONDS
Resistance should appear near 138-21 and 139-07 Support should appear near 137-21 and 137-07
SEPTEMBER 10 YR NOTE
Resistance should appear near 126-07, beyond that sellers should appear near 126-21 and 127-07 Support should appear near 125-07 and 124-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8119 to 8134.
Support should appear near 8044 to 8029. JUNE JAPANESE YEN Resistance should appear near 9921 to 9937. Support should appear near 9821 and 9737 to 9706.
JUNE EURO CURRENCY
Support should appear near the 13460 to 13340 region. Resistance remains near 13691 and the 13770 to 13830 region.
JUNE SWISS FRANC
Resistance should appear near 11155 and the 11300 to 11360 region. Support is near the 11010 to 10960 region.
JUNE BRITISH POUND
Support should appear near the 16550 to 16420 region. BW Traders can buy at 16557 and hold for higher prices. Resistance should appear near 16720 and 16807
JUNE CANADIAN DOLLAR
Resistance should appear near 9228 and the 9316 to 9347 region. Support should appear near the 9060 to 9044 region.
JUNE AUSSIE DOLLAR
Support should appear near 9156 to 9140 Resistance should appear near 9316 to 9347.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near the 1268.0 to 1274.0 region.
Support should appear near the 1238.0 to 1232.0 region.
JULY COPPER Resistance should appear near 31940 to 32130.
Support should appear near 31570 to 31480
JULY SILVER
Support should appear near the 1865 to 1858 and the 1822.0 to 1808.0 region. Resistance is at 1902 to 1909 and 1946.0 to 1953.0
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 10320 to 10360
Support should appear near 10228 and 10136 to 10104
JULY BRENT CRUDE OIL Resistanceshould appear near 11155 and 11300 to 11360 Supportshould appear near 10960 and 10815
JULY HEATING OIL
Support should appear near should appear near 28830 to 28740. Resistance should appear 29720 to 29900
JULY UNLEADED GAS
Support should appear 29720 then 29550 and 29370 to 29280
Resistance should appear near 30360 to 30450
JULY NATURAL GAS
Resistance should appear 4639 to 4650 and the 4695 to 4717 region
Support should appear near 4514 to 4503 and 4446 to 4425
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near 1496 to 1484 then 1471 ½ and 1459 to 1453
Resistance should appear near 1512 ½ and 1529 to 1535
AUGUST SOYBEANS
Support should appear near 1421 to 1415
Resistance should appear near 1437 and 1453 to 1459
NOVEMBER SOYBEANS Support should appear near 1238 to 1232 Resistance should appear near 1253 and 1268 to 1274
JULY SOYOIL Resistance should appear near 4110 to 4120. Support should appear near the 3929 to 3909 region
JULY SOYMEAL
Resistance should appear near 505.6 to 506.7
Support should appear near 492.6 to 491.5
AUGUST SOYMEAL
Resistance should appear near 477.5 to 478.5 and 484.5 to 485.6
Support should appear near 465.0 to 463.9 and 458.1 to 457.1 Trade Accordingly
JULY CORN
Support should appear near 465 to 463 ¾ Resistance should appear near 484 ½ to 485 ¾
JULY WHEAT
Support should appear near 635 to 633 ¾ Resistance should appear near 665 ¾ to 667 ¼
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13617 and 13532
Resistance should appear near 13770 to 13830.
AUGUST CATTLE Support should appear near 13692 and 13617
Resistance should appear near 13770 to 13830
JUNE HOGS
Support should appear near 11502 and 11360 to 11320
Resistance should appear near 11640 to 11690
JULY HOGS
Support should appear near 12030 to 11920 and 11807 Resistance should appear near 12242 and 12320 to 12380.
AUGUST HOGS
Support should appear near 12457 and 12380 to 12320 Resistance should appear near 12680 to 12740
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 17740 to 17800 and 18080 to 18220
Support should appear near 17380 to 17310 and 16960 to 16890
JULY COCOA
Resistance should appear near 3036 to 3045 and the 3092 to 3102 region
Support should appear near 3013 and 2990 to 2972
JULY SUGAR
Resistance is near 1774 to 1780
Support should appear near 1696 to 1689
JULY COTTON
Support should appear near 8499 to 8484 and the 8406 to 8391 region. Resistance is at the 8560 to 8589 and 8668 to 8683.
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
Wednesday May 28, 2014 4:50 PM South Florida Beach Time
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