Morning Investment and Day Trading Comments Friday May 23, 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
Friday May 23, 2014
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
“If everyone is thinking alike, then somebody isn’t thinking”. –George S. Patton–
Thursday May 22, 2014 4:00 PM, South Florida Beach Time.
Traders should stay nimble and stay tuned for Flashes and Updates
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 region.
Resistance is at 16,550.00 and 16,720.00
JUNE E-MINI SP500
Resistance is at the 1902.00 to 1909.00. Support should appear near 1865.00 to 1858.00
NASDAQ COMPOSITE
Resistance should appear at 4163.00 to 4183.00 and 4238.00 to 4240.00
Support should appear near 4110.00 to 4120.00 and 4056.00 to 4046.00
JUNE E-MINI NASDAQ 100
Support should appear near 3623 to 3613 and 3563.00 to 3553.00 Resistance is at 3663.00 to 3683.00 and 3734.00 to 3743.00
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1115.50 and 1130.00 to 1136.00 Support should appear near 1101.00 to 1096.00 then 1089.00 and 1082.00
JUNE 30 YR BONDS
Resistance should appear near 137-07 and 137-21. Support should appear near 136-07 and 135-21
JUNE 10 YR NOTE
Resistance should appear near 126-07. Above that a test of 126-21 is likely Support should appear near 125-07 and 124-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8029 to 8044 and 8119 to 8134.
Support should appear near 7954 to 7939 and 7864 to 7836
JUNE JAPANESE YEN Resistance should appear near 9921 to 9937 Support should appear near 9821 and 9737 to 9706
JUNE EURO CURRENCY
Support should appear near 13615 and the 13460 to 13340 region. Resistance remains near 13770 to 13830.
JUNE SWISS FRANC
Resistance should appear near 11300 to 11360. Support is near 11155 and the 11010 to 10960 region.
JUNE BRITISH POUND
Support should appear near 16812 and 16720. Resistance remains near 16890 to 16925 and 16960
JUNE CANADIAN DOLLAR
Resistance should appear near 9237 and the 9316 to 9347 region. Support should appear near 9060 to 9044.
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 1304 to 1310 region.
Support should appear near 1289.00 and the 1274.0 to 1268.0 region.
JULY COPPER Resistance should appear near 31480 to 31570 and 31940 to 32130.
Support should appear near 31020 to 30920 and 30450 to 30360
JULY SILVER
Support should appear near 1909.0 to 1902.0 Resistance is at 1982.0 to 1996.0
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 10470 and 10580 to 10680
Support should appear near 10360 to 10320
JULY BRENT CRUDE OIL
Resistance should appear near 11155 and 11300 to 11360
Support should appear near 11010 to 10960
JULY HEATING OIL
Support should appear near should appear near 29370 to 29280 Resistance should appear 29720 to 29900
JULY UNLEADED GAS
Support should appear 29720 and 29550
Resistance should appear near 30360 to 30450
JULY NATURAL GAS
Resistance should appear 4.425 to 4.446
Support should appear near 4.120 to 4.110
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near the 1496 to 1484
Resistance should appear near 1529 to 1535
AUGUST SOYBEANS
Support should appear near 1421 to 1415
Resistance should appear near 1453 to 1459
Trade Accordingly
NOVEMBER SOYBEANS Support should appear near 1253 and 1238 to 1232
Resistance should appear near 1274 and 1304 to 1310
JULY SOYOIL Resistance should appear near 4163 to 4183 Support should appear near the 3992 to 3982
JULY SOYMEAL
Resistance should appear near 512.7 to 513.9
Support should appear near 492.6 to 491.5.
AUGUST SOYMEAL
Resistance should appear near 484.5 to 485.6
Support should appear near 465.0 to 463.9 Trade Accordingly
JULY CORN
Support should appear near 465 to 463 ¾ and 458 ¼ to 457 ¼ Resistance should appear near 484 ½ to 485 ¾ and 491 ½ to 492 ¾.
JULY WHEAT
Support should appear near 643 to 641 ¾ Resistance should appear near 680 ¾ to 683 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13617 and 13532
Resistance should appear near 13770 to 13830 and 13990.
AUGUST CATTLE Support should appear near the 13830 to 13770 region.
Resistance should appear near 13987 and 14150 to 14210.
JUNE HOGS
Support should appear near 11690 to 11640 and 11502
Resistance should appear near 11772 then 11807 and 11917
JULY HOGS
Support should appear near 12380 to 12320. Resistance should appear near 12680 to 12740.
AUGUST HOGS
Support should appear near 12740 to 12680. Resistance should appear near 12890 and 13040 to 13100.
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 18580 to 18650
Support should appear near 17380 to 17310
JULY COCOA
Resistance should appear near 3036 to 3045
Support should appear near 2937 to 2928
JULY SUGAR
Resistance is near 1774 to 1780 and 1808 to 1822.
Support should appear near 1731and 1696 to 1689
JULY COTTON
Support should appear near the 8683 to 8668 region Resistance is at the 8934 to 8964 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
Thursday May 22, 2014 5:00 PM South Florida Beach Time
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