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FuturesCom
Bi-Weekly Investment Outlook # 371 
  Sunday June 05, 2011 

Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs

 

“Accomplishments will prove to be a journey, not a destination.” -Dwight D. Eisenhower-

Among the hazards of speculation the happening of the unexpected - I might even say the unexpectableranks 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—
Traders should stay tuned for additional commentary along flashes and updates in all markets.

Sunday June 05, 2011 3:00 AM South Florida Beach Time              
                         The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 12,030.00 to 11,920.00 , a close under is negative and augurs for an eventual test of 11,69.00 to 11,640.00 where buyers should appear and contain a decline .
 Resistance should appear near 12,175.00, a close over is friendly and augurs for a test of the
12,320.00 to 12,380.00 region  

SEPT E-Mini sp500
 Resistance should appear near 1304.00 to 1310 0  and the 1334.00 to 1346.00 region. Traders can sell at 1333.75 and risk a close over 1346.25 for three days in a row.  
Support should appear at near 1274.00 to 1268.00, below that buyers should appear near 1238.00 to 1232.00.  Traders can buy at 1238.50 and risk close under 1231.75 for three days in a row.


NAsdaq Composite
Resistance should appear near 2820 to 2829 and 2874.00 to 2883.00     
Support should appear near 2724 to 2716 and the 2672.00 to 2663.00 region. Below that buyers should appear near 2620.00.to 2612.00 and the 2568.00 to 2552.00 region

SEPT E-Mini NasdaQ 100
 Resistance should appear near 2315.00 to 2322.00 and 2354.00 to 2370.00 region.
Traders can sell at 2353 for a turn and risk a close over 2377 for three days in a row.  
Support should appear near 2275.00 to 2267.00.  Traders can buy at 2276 and risk a close under 2265 for three days in a row. Below that buyers should appear near the 2226.00 to 2219.00 region.

SEPT E-Mini RUSSELL 2000
 Resistance should appear near 830.00 to 831.40. Traders can sell at 829.90 for a quick turn lower
and risk a close over 831.70 for three days in a row. Beyond that sellers should appear near
839.10 to 840.60 and cap a rally.
Support should appear near 804.40 to 802.90. Below that a test of 793.90 to 795.40 is likely. Traders should sleep on a bed of nails can buy at 795.70 for a bounce and hold for higher prices Failure there augurs for a test of 777.70 to 776.30.  Traders can buy at 777.90 and hold for higher prices.  

SEPT 30 YR BOND
Resistance should appear near 126-07 and 126-21. Beyond that a test of 127-07 and 127-21 is likely
Support should appear near 124-21 and 124-07...   Which should contain a decline. 

SEPT 10 yr Note
 Resistance should appear near 123-21 and 124-07.  Above that sellers should appear near 124-21
Support should appear near 122-07 and 121-21... Below that buyers should appear near 120-21

                             The Frenzied Forex Front
 SEPT dOLLAR iNDEX
 Resistance should appear near  7486 to 7513, a close over is friendly and augurs for a test of
7587 to 7601       
Support should appear near 7428 to 7414 and the 7342 to 7328 region.   
 
SEPT JAPANESE Yen
 Resistance should appear near the12680 to 12740 region. Beyond that sellers should appear near
13040 to 13100. Traders can sell at 13030 and risk a close over 13117 for three days in a row.  
Support should appear near 12380 to 12320 and the 12030 to 11920 region.                    

SEPT EURO currency
 Support should appear near 14530 and the 14210 to 14150 region
Resistance should appear near 14840 to 14960 and the 15290 to 15350 region.

SEPT SWISS FRANC
 Resistance should appear near 12030 and the 12320 to 12380 region.  
Support should appear near 11920 and the 11690 to 11640 region. 

SEPT BRITISH POUND
Support should appear near 16285 and the 16210 to 16150
Resistance should appear near 16420 to 16550 and 16890 to 16960
SEPT CanadIAN Dollar
 Resistance should appear near 10237 and 10320 to 10360 
Support should appear near 10136 to 10104 and the 10037 to 10021  
SEPT AUSSIE DOLLAR
 Resistance should appear near 10680 then 10815 and 10960 to 11010
Support should appear near 10580, a close under is negative and augurs for a test of 10360 to 10320.            
                                  The Precious Metals
 AUGUST gold
 Resistance should appear near the 1569 to 1576 and the 1609.00 to 1615.00 region    
Support is near 1535 to 1529.00 and the 1496 to 1484.0 region        
JulY COPPER
 Resistance should appear near 41630 to 41830 and the 42380 to 42490 region
Traders can sell at 42370 and hold for lower prices.
Support should appear near 40460 to 40560, below that a test of 39090 to 39020 and the 38650 to 38580 region is likely

July Silver 
 Resistance should appear near3734 to 3743 region. Beyond that sellers should appear near 3858 to 3867. 
Support is at 3443 to 3425, below that a test of 3386 to 3377 is likely. A close under is negative and augurs for a test of 3213 to 3194... Below that buyers should appear near 3157 to 3148                                           
                                   The Exciting Energies  

JUly Crude Oil
Resistance should appear near 10104 to 10136 and the 10320 to 10360 region. Beyond that sellers should appear near 10580 to 10680.
Support should appear 9937 to 9921 and the 9837 to 9821 region. Below that buyers should appear near 9641 to 9625 and the 9445 to 9429 region...Traders can buy at 9841 for a bounce and risk a close under 9699 for three days in a row.

JUly HeaTING Oil
 Support should appear near 29900 to 29720 and the 28830 to 28740 region
Resistance should appear near 30920 to 31020 and the 31480 to 31570 region           

JUly UNLEADED Gas
 Support should appear at 28830 to 28720 and the 28290 to 28200 region. Below that buyers should appear near 27240 to 27160 and the 26720 to 26630 region. Traders can buy at 27250 and hold for higher prices.   
Resistance should appear near the 30360 to 30450 region. Beyond that sellers should appear near 31480 to 31570

July NATURAL Gas
Support should appear at 4446 to 4425 and the 4315 to 4304 region.    
Resistance should appear near 4915 to 4928 and the 5056 to 5067 region. .                                                             
                                THE GRANDE’ GRAINS
 JULY SOYBEANS
Resistance should appear  1415 to 1421 and the 1453 to 1459 region  
Support should appear near  1383 to 1377 and  the 1346 to 1334 region.

JULY SOYMEAL
Resistance should appear near 373.4 to 374.3 and the 379.5 to 380.6 region. Traders can sell at 373.10 and risk a close over 380.9 for three days in a row.          
Support should appear near 362.3 to 361.3 regions. A close under is negative and augurs fore a test of 350.3 to 349.3   

JULY BEAN OIL
Resistance should appear near 5945 to 5957 and the 6023 to 6035 region            
Resistance should appear near  5805 to 5792 a close under is negative and augurs for a test of
5653 to 5640 and eventually the 5577 to 5553 region.  Trade Accordingly

JULY CORN
Resistance should appear near 759 ¾ to 760 ¼, Traders can sell at 758 ¾ for a turn lower. Beyond that sellers should appear near 776 ¾ to 777 ¾ and the 783 ¾ to 786 ½ region and cap a rally.    Support should appear 751 ¼ to 748 ¾ a close under is negative and augurs for as test of
734 ¼ to 732 ¾ and the 717 to 714 ¼ region Where Buyers should appear . Traders can buy at
717 ¾ and risk a close under 698 ¼ for three days in a row
Trade accordingly.. Stay tuned for Flashes

JULY WHEAT
Resistance should appear near 776 ¼ to 777 ¾ and the 793 ¾ to 795 ½ region. 
Support should appear near 734 ¼ to 732 ¾ and the 717 to 714 ¼ region.
                                     
                                               THE LIVELY LIVESTOCK

AUGUST CATTLE
Support  should appear near the 10360 to 10320 region. Below that buyers should appear near 10137 to 10107 and the 9937 to 9922 region. Traders with Ice Water running through their viens can buy at 9942 and risk a close under 9702 for three days in a row.
Resistance should appear near 10960 to 111010 and the 11300 to 11360 region.
Traders can sell at 10577 and hold for lower prices.  

JULY HOGS

Resistance should appear near 8932 to 8967 Traders can sell at 8927 and hold for lower prices.
Beyond that sellers should appear near 9042 to 9062 and the 9137 to 9157 region   
Support should appear near 8682 to 8667 and the 8592 to 8557 region. Below that 8317 to 8302 should hold. Traders can buy at 8317 for a bounce and risk a close under 8222 for three days in a row.  

                                  The Satisfying Softs
 JULY COFFEE
Support should appear near 26720 to 26630 and the 25680 to 25520 region. Below that a test of
23700 to 23540 is likely
Resistance should appear near 27160 to 27240 and the 27580 to 27750 region. Beyond that sellers should appear near 28200 to 28290 Traders should go short if a close under 26610 occurs.

JULY COCOA
Resistance should appear near 2972 to 2990 and the 3036 to 3045 region. Traders can sell at 2967 and hold for lower prices... Beyond that sellers should appear near 3092 to 3102          
Support should appear near 2874, a close under is negative and augurs for a test of 2829 to 2820 and eventually the 2672 to 2663 region.    

JULY SUGAR
Resistance is at 2411 to 2419 and the 2461 to 2469 region.  Traders can sell at 2457 and hold for lower prices.
Support should appear near 2226 to 2219 and the 2185 to 2170 region   

JULY COTTON
Resistance should appear near the 16890 to 16960 region. . Traders who have ice water running thru their veins can sell at 16870 and risk a close over 17900 for three days in a row.
Support should appear 15350 to 15290 and the 14960 to 14840 region. .
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com  

Sunday June 05, 2011 8:55 AM South Florida Beach Time