FuturesCom Morning Investment Comments Friday May 17, 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 16, 2013
4:30 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 15,125.00 and the 14,960.00 to 14,840.00 region.
Resistance should appear near 15,290.00 to 15,350.00 and 15,520.00
JUNE E-MINI SP500
Resistance should appear near 1655.00 then 1672.00 and the 1689.00 to 1696.00 region
Support should appear near 1642.00 and 1628.50.
NASDAQ COMPOSITE
Resistance should appear near 3493 to 3503
Support should appear near 3443 to 3425.
JUNE E-MINI NASDAQ 100
Support should appear near 2990.00 to 2972.00 and 2937 to 2928.
Resistance should appear near 3013.00 and 3036.00 to 3045.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 992.10 to 993.70 and 1002.10 to 1003.70
Support should appear near 973.70 to 970.60 and 964.10 to 962.50
JUNE 30 YR BOND
Resistance should appear near 146-07 and 146-21
Support should appear near 144-21 and 144-07
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 8406 and 8445.
Support should appear near 8352 and 8314 to 8300
JUNE JAPANESE YEN
Resistance should appear near 9821 to 9837 and 9921 to 9937
Support should appear near 9737 to 9706 and 9641 to 9625
JUNE EURO CURRENCY
Support should appear near the 12740 to 12680 region
Resistance should appear near 12965 and the 13040 to 13100 region.
JUNE SWISS FRANC
Resistance should appear near 10470 and 10530
Support should appear near 10320 and 10136 to 10104
JUNE BRITISH POUND
Support should appear near 15125 and 14960 to 14840
Resistance should appear near 15290 to 15350
JUNE CANADIAN DOLLAR
Resistance should appear near 9821 to 9837 and 9879.
Support should appear near 9737 to 9706
JUNE AUSSIE DOLLAR
Resistance should appear near 9821 to 9837 and 9921 to 9937
Support should appear near 9737 to 9706 and 9641 to 9625
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1399 and 1414 to 1421.
Support is near 1383 to 1377 and the 1346 to 1334 region.
JULY COPPER
Resistance should appear near 33190 to 33280 and 33770 to 33860
Support should appear near 32700 to 32610 and 32130 to 31940
JULY SILVER
Resistance should appear near 2267 to 2275 and 2354 to 2370.
Support is at 2226 to 2219 and 2185 to 2170
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9625 to 9641 and 9706 to 9737
Support should appear near 9445 to 9429 and 9347 to 9316
JUNE HEATING OIL
Support should appear near 28830 to 28740 and 28290 to 28200.
Resistance should appear 29720 to 29900 and 30360 to 30450
JUNE UNLEADED GAS
Support should appear near 28290 to 28200 and 27750 to 27580
Resistance should appear near 29280 to 29370 and 29720 to 29900
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 1415 and the 1383 to 1377 region
Resistance should appear near 1437 and 1453 to 1459
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 5056 to 5067
Support should appear near 4856 to 4845
JULY SOYMEAL
Resistance should appear near 416.3 to 418.3 and 423.8 to 424.9
Support should appear near 405.6 to 404.6 and 399.2 to 398.2..
JULY CORN
Support should appear 635 to 633 ¾ and 627 to 625 ¾
Resistance should appear near 648 ¾ to 650 ¾ and 657 ¾ to 659 ¼
JULY WHEAT
Resistance should appear near 690 ¾ to 691 ¾ and 699 to 700 ¼
Support should appear near 675 ½ to 674 ¼ and 667 ¼ to 665 ¾ region.
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11920 and 11817
Resistance should appear near 12102 and 12177
AUGUST CATTLE
Support should appear near 11922, a close under is negative and augurs for a test of the
11690 to 11640 region.
Resistance should appear near 12037 and 12102
JULY HOGS
Support should appear near the 9062 to 9042 region
Resistance should appear near the 9317 to 9347 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 13830 to 13770 and 13460 to 13340
Resistance should appear near 14150 to 14210 and 14530 to 14590
JULY COCOA
Resistance should appear near 2315 to 2322 and 2354 to 2370
Support should appear near 2275 to 2267 and 2226 to 2219
JULY SUGAR
Resistance is near 1689 to 1696 and 1731 to 1738.
Support should appear near 1655 to 1642 and 1615 to 1609
JULY COTTON
Support should appear near 8589 to 8560 and 8314 to 8300
Resistance is near 8762 to 8777 and 8856 to 8871
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 16, 2013
5:40 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 17, 2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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