Morning Investment and Day Trading Comments Tuesday May 06, 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
Monday May 05, 2014 2:30 PM, South Florida Beach Time.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,420.00 and the 16,150.00 to 16,090.00. Resistance is at 16,720.00 and the 16,890.00 to 16,960.00 region.
JUNE E-MINI SP500
Resistance is at 1883.50 and the 1902.00 to 1909.00 region. BW Traders can sell at 1901.75 for a turn lower and risk a close over 1911 for three days in a row. Support should appear near 1865.00 to 1858.00.
NASDAQ COMPOSITE
Resistance should now appear at 4163.00 to 4183.00.
Support should appear near 4056.00 to 4046.00.
JUNE E-MINI NASDAQ 100
Support should appear near 3563.00 to 3553.00 and 3503.00 to 3493.00.
Resistance is at 3613.00 to 3623.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1130.00 to 1136.00.
Support should appear near the 1101.00 to 1096.00 region.
JUNE 30 YR BONDS
Resistance should appear near 136-21 and 137-07. Support should appear near 135-07 and 134-21
JUNE 10 YR NOTE
Resistance should appear near 125-07 and 125-21.
Support should appear near 124-07 and 123-21.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7991 and the 8029 to 8044 region.
Support should appear near 7864 to 7836.
JUNE JAPANESE YEN Resistance should appear near 9821 to 9837. Support should appear near 9737 to 9706.
JUNE EURO CURRENCY
Support should appear near 13830 to 13770. Resistance should appear near 13910 and 13990.
JUNE SWISS FRANC
Resistance should appear near 11430 and 11500.
Support is near 11360 to 11300.
JUNE BRITISH POUND
Support should appear near 16720 and the 16550 to 16420 region.
Resistance remains near the 16890 to 16960 region. BW Traders can sell at 16887 and hold for lower prices, risk a close over 16967 for three days in a row.
JUNE CANADIAN DOLLAR
Resistance should appear near 9140 to 9156 and 9237. Support should appear near 9060 to 9044 and 8964 to 8934
JUNE AUSSIE DOLLAR
Support should appear near 9156 to 9140. Resistance should appear near 9316 to 9347.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near the 1334.0 to 1346.0 region.
Support should appear near 1310.00 to 1304.00.
JULY COPPER Resistance should appear near 30920 to 31020.
Support should appear near 30450 to 30360 then 29900 and 29720.
JULY SILVER
Support should appear near 1953 to 1946. Below that a test of 1909 to 1902 is likely and should hold.
Resistance is at 2034 to 2042 and the 2080 to 2089 region.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9921 to 9937 and 10021 to 10037.
Support should appear near 9737 to 9706 and the 9542 to 9526 region.
JULY BRENT CRUDE OIL Resistanceshould appear near 10815 and the 10960 to 11010 region. Supportshould appear near the 10680 to 10580.
JUNE HEATING OIL
Support should appear near should appear near 28830 to 28740. Resistance should appear 29720 to 29900.
JUNE UNLEADED GAS
Support should appear the 28830 to 28740 region, where buyers should appear and contain a decline.
Resistance should appear near 29720 to 29900.
JULY NATURAL GAS
Resistance should appear 4775 to 4785 and 4845 to 4856
Support should appear near 4717 to 4695 and the 4650 to 4639 region.
THE GRANDE’ GRAINS
JULY SOYBEANS Support remains near the 1459 to 1453 region, below that buyers should appear near 1421 to 1415 and contain a decline. BW Traders can buy at 1422 for a bounce and hold for higher prices.
Resistance should appear near 1471 ½ and the 1484 to 1496 region.
NOVEMBER SOYBEANS Support should appear near 1218 and the 1203 to 1192 region.
Resistance should appear near 1232 to 1238.
JULY SOYOIL Resistance should appear near 4238 to 4249. Support should appear near 4110 and the 4056 to 4046 region.
JULY SOYMEAL
Resistance should appear near 484.5 to 485.6, beyond that a test of 491.5 to 492.6 is likely
Support should appear near 471.7 to 469.5 and 465.0 to 463.9. BW Traders can buy at 465.0 for a bounce and hold for higher prices.
JULY CORN
Support should appear near the 506 ¾ to 505 ¾ and the 499 ½ to 497 ¼ region. Resistance should appear near 512 ¾ to 513 ¾, beyond that a test of 520 to 521 ¼ is likely.
JULY WHEAT
Resistance should appear near 741 ½ to 742 ¾ and 748 ¾ to 751 ½. Support should appear near 725 ½ to 724 ¾ and 717 to 714 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13770 and 13692.
Resistance should appear near 13830 and 13912.
AUGUST CATTLE Support should appear near 13617 and 13537.
Resistance should appear near 13770 to 13830.
JUNE HOGS
Support should appear near 12175 and the 12030 to 11920 region
Resistance should appear near 12257 and the 12320 to 12380 region.
AUGUST HOGS
Support should appear near 12177 and 12030 to 11960. Resistance should appear near 12320 to 12380
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 20800 to 20890, beyond that a test of 21260 to 21340 is likely..
Support should appear near 20420 to 20340 and 19960 to 19820.
JULY COCOA
Resistance should appear near 2928 to 2937, a close over is friendly and augurs for a test of 2972 to 2990.
Support should appear near 2883 to 2874 and the 2829 to 2820 region.
JULY SUGAR
Resistance is near 1774 to 1780 Support should appear near 1738 to 1731.
JULY COTTON
Support should appear near 9445 to 9429 and 9347 to 9316. Resistance is at 9526 to 9542 and the 9706 to 9737 region.
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 05, 2014 3:40 PM South Florida Beach Time
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