FuturesCom Morning Investment Comments Tuesday May 22, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2 . “Courage is fear holding on a minute longer’’ – General George Patton
Monday May 21, 2012
1:30 PM South Florida Beach Time
Stay tuned for updates and flashes in all markets.
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,380.00 to 12,320.00.
Nearby Resistance should appear near 12,530.00. Beyond that sellers should appear near the 12,680 to 12,740.00 region.
JUNE E-MINI SP500
Resistance should appear near 1310 and 1322.00. A close over is friendly and augurs for a test of 1334.00 to 1346.00.
Support should appear near 1289.00 and the 1274.00 to 1268.00 region
NASDAQ COMPOSITE
Resistance should appear near the 2874.00 to 2883.00 region.
Support should appear near 2775.00 to 2758.00
JUNE E-MINI NASDAQ 100
Support should appear near 2519 to 2511 and 2469 to 2461.
Resistance should appear near the 2552.00 to 2568.00 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 759.70 to 760.10 region. Beyond that sellers should appear near 767.50 to 768.90 and the 776.30 to 777.70 region and cap a rally.
Support should appear near the 742.80 to 741.40 and the 733.20 to 732.80 region.
JUNE 30 YR BOND
Resistance should appear near 148-21 and 149-07.
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.
Support should appear near 8119 below that buyers should appear near 8044 to 8029 and contain a decline.
BW Traders should go long if a close over 8227 occurs
JUNE JAPANESE YEN
Resistance should appear near the 12680 to 12740 region.
Support should appear near 12530, a close under is negative and augurs for a test of the 12380 to 12320 region. .
JUNE EURO CURRENCY
Support should appear near 12740 to 12680, an extended trade under is negative and augurs for a test of 12530 and eventually the 12380 to 12320 region.
Resistance should appear near 12815 and 12890. BW Traders can sell at 12890 and hold for lower prices. Beyond that sellers should appear near 12965.
JUNE SWISS FRANC
Resistance should appear near 10680 and 10820… BW Traders can sell at 10817 for a turn lower and hold for lower prices… Beyond that sellers should appear near 10890 and the 10960 to 11010 region.
Support should appear near 10580, an extended trade under is negative and augurs for a test of 10470 and eventually the 10360 to 10320 region. BW Traders should go short if a close under 10577 occurs
JUNE BRITISH POUND
Support should appear near 15760 to 15690… Below that a trade towards 15525 is likely
Resistance should appear near 15925 and the 16090 to 16150 region, which should cap a rally.
BW Traders can sell at 15917 and initially plan on a risk if close over 15932 occurs for three days in a row.
JUNE CANADIAN DOLLAR
Resistance should appear near 9821 to 9837 and the 9921 to 9937 region.
Support should appear near 9737 to 9706.
JUNE AUSSIE DOLLAR
Resistance should appear near the 9921 to 9937 region. Beyond that sellers should appear near 10021 to 10037.
Support should appear near 9837 to 9821 and 9737 to 9706.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1609 to 1615 and the1642 to 1655 region. BW Traders can sell at 1641 and initially plan on risking a close over 1657 for three days in a row.
Support is near 1576 to 1569 and the 1535 to 1529 region.
JULY COPPER
Resistance should appear near 35530 to 35630 and the 36130 to 36230 region.
Support should appear near 34430 to 34250 and the 33860 to 33770 region.
JULY SILVER
Resistance should appear near 2874 to 2883 and the 2928 to 2937 region..
Support is at 2820 and the 2775 to 2758 region. Below that a test of 2724 to 2716 is likely.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9316 to 9347 and the 9429 to 9445 region.
Support should appear near 9156 to 9140 and the 9060 to 9044 region..
BW Traders can buy at 9065 and risk a close under 8930 for three days in a row.
JULY HEATING OIL
Support should appear near the 28290 to 28200 and the 27240 to 27160 region.
Resistance should appear near 28740 to 28830 and the 29280 to 29730 region.
JULY UNLEADED GAS
Support should appear near 28290 to 28200 and the 2775 to 27580 region.
Resistance should appear near the 29280 to 29370 region.
JULY NATURAL GAS
Resistance should appear at 2758 to 2775 and 2820 to 2829
Support should appear near 2568 to 2552 and 2519 to 2511
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1383 to 1377 and 1346 to 1334.
Resistance should appear near 1415 to 1421 and the 1453 to 1459 region
JULY SOYMEAL
Resistance should appear near 423.8 to 424.9 and the 430.4 to 431.5 region.
Support should appear near the 412.2 to 411.0 region. A close under is negative and augurs for a test of 399.2 to 398.2 region.
JULY BEAN OIL
Support should appear near 5067 to 5056 and 4995 to 4973
Resistance should appear near 5127 to 5139 region. Beyond that sellers should appear near 5200 to 5211 and cap a rally. BW Traders can sell at 5197 and hold for lower prices.
JULY CORN
Support should appear near 619 to 616 ½ and 595 ¾ to 594 ½
Resistance should appear near the 648 ¼ to 650 ¾ and the 665 ¾ to 667 region.
JULY WHEAT
Resistance should appear near 732 ¾ to 734 ¼ and the 776 ¼ to 777 ¾ region.
Support should appear near 683 ¾ to 680 ¾ and 667 ¼ to 665 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11822 then 11757 and the 11690 to 11640 region.
Resistance should appear near 11922 to 12030 and 12157.
AUGUST CATTLE
Support should appear near the 12030 to 11920 region.
Resistance should appear near 12157 and 12320 to 12380
JUNE HOGS
Support should appear near the 8592 to 8557 region, a close under is negative and augurs for a test of 8317 to 8302.
Resistance should appear near 8772 to 8777 and the 8852 to 8872 region, which should cap a rally.
JULY HOGS
Support should appear near 8667 to 8682 failure there indicates a test of 8592 to 8552 and eventually the 8502 to 8482 region.
Resistance should appear near 8762 to 8777 and the 8852 to 8872 region.
OCTOBER HOGS
Support should appear near 7957 to 7932
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 the 16960 to 16890 region.
Resistance should appear near 17740 to 17800 and 18080 to 18220
JULY COCOA
Resistance should appear near the 2315 to 2322 region. Beyond that sellers should appear near 2354 to 2370 and cap a rally. BW Traders can sell at 2347 and risk a close over 2377 for three days in row.
Support should appear near 2185 to 2170 and 2089 to 2080.
JULY SUGAR
Support is at the 1996 to 1982 region… Below that buyers should appear near 1909 to 1902.
Resistance should appear near 2080 to 2089 and 2126 to 2134
JULY COTTON
Support should appear near 7689 to 7675… Below that a test of 7513 to 7486 is likely.
Resistance should appear 7836 to 7864 then 7939 to 7954 and the 8029 to 8044 region.
BW Traders can sell at 8025 and hold for lower prices. Beyond that sellers should appear near
8300 to 8314.
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
Monday May 21, 2012
2:30 PM South Florida Beach Time
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FuturesCom Morning Comments Tuesday May 22, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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