FuturesCom Morning Investment Comments Tuesday May 7, 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 —
Monday May 06, 2013
2:00 PM 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 and the 14,590.00 to 14,530.00 region.
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 1609.00 then 1592.50 and the 1576.00 to 1569.00 region. BW Traders can buy at 1577 for a bounce and risk a close under 1567 for three days in a row.
NASDAQ COMPOSITE
Resistance should appear near 3425.00 to 3443.00 region.
Support should appear near 3386.00 to 3377.00 and the 3328.00 to 3319.00 region.
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 the 962.50 to 964.10 region. Beyond that sellers should appear near 970.60 to 973.70.
Support should appear near 944.50 to 942.90 and 934.70 to 931.60. BW Traders can buy at 934.80 for a bounce and risk a close under 931.00 for three days in a row.
JUNE 30 YR BOND
Resistance should appear near 147-07 and 147-21.
Support should appear near 145-21 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.
JUNE JAPANESE YEN
Resistance should appear near 10104 to 10136 then 10237 and the 10320 to 10360 region.
BW Traders can sell at 10317 and risk a close over 10367 for three days in a row.
Support should appear near 10037 to 10021 and the 9937 to 9921 region
JUNE EURO CURRENCY
Support should appear near 13040, a close under is negative and augurs for a test of 12890
and the 12740 to 12680 region.
Resistance should appear near 13100 and 13155
.
JUNE SWISS FRANC
Resistance should appear near 10680 and 10725
Support should appear near 10630 and 10580. A close under is negative and augurs for a test of the 10360 to 10320 region.
JUNE BRITISH POUND
Support should appear near 15350 to 15290.
Resistance should appear near resistance should appear near 15690 to 15760
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 10021 to 10037. BW Traders can sell at 9971 and risk a close over 10042 for three days in a row.
Support should appear near 9837 to 9821.
JUNE AUSSIE DOLLAR
Resistance should appear near 10235 and 10267.
Support should appear near the 10136 to 10104 region
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1471.50 and 1484.00 to 1496.00.
Support is near 1459 to 1453.00 and 1421 to 1415 region.
JULY COPPER
Resistance should appear near 33190 to 33280 and 33770 to 33860.
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 2370 to 2354 then 2322 to 2315 and 2275 to 2267
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 the 29280 to 29370 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 1346 to 1334 and the 1310 to 1304 region.
Resistance should appear near 1377 to 1383 and 1399.
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 4915 to 4926 and 4973 to 4995.
Support should appear near the 4785 to 4775 region. Below that a test of 4717 to 4695 is likely.
JULY SOYMEAL
Resistance should appear near 404.6 to 405.6 and 411.0 to 412.0.
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 619 to 616 ½
Resistance should appear near 641 ¾ to 643 and 648 ¾ to 650 ¾
JULY WHEAT
Resistance should appear near 707 ½ to 708 ¾ and 714 ¼ to 717
Support should appear near 700 ¼ to 699 and the 691 ¾ to 690 ¾ region.
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 12030 to 11920. Below that a test of 11690 to 11640 is likely.
Resistance should appear near 12175 and 12320 to 12380
JUNE HOGS
Support should appear near 9062 to 9042 and 8967 to 8932
Resistance should appear near 9142 to 9162 and 9237.
OCTOBER HOGS
Support should appear near 8047 to 8027 and 7957 to 7932
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
Resistance should appear near 14530 to 14590.
JULY COCOA
Resistance should appear near 2411 to 2419 and 2461 to 2469.
Support should appear near 2370 to 2354 and 2322 to 2315
JULY SUGAR
Resistance is near 1808 to 1822.
Support should appear near 1731 to 1738.
JULY COTTON
Support should appear near 8683 to 8668 and 8589 to 8560.
Resistance is near 8762 to 8777 and 8858 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
Monday May 06, 2013
3:25 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 Tuesday May 07, 2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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