Morning Investment and Day Trading Comments Wednesday May 21, 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
“If everyone is thinking alike, then somebody isn’t thinking”. –George S. Patton–
Tuesday May 20, 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 the 16,150.00 to 16,090.00 region.
Resistance is at 16,420.00 to 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.
Support should appear near 4056.00 to 4046.00
JUNE E-MINI NASDAQ 100
Support should appear near 3563.00 to 3553.00
Resistance is at 3613.00 to 3623.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1101.00 and 1130.00 to 1136.00 Support should appear near 1089.00 to 1082.00
JUNE 30 YR BONDS
Resistance should appear near 137-24 and 138-07. Support should appear near 136-21 and 136-07
JUNE 10 YR NOTE
Resistance should appear near 126-07. Above that a test of 126-21 is likely Support should appear near 125-21 and 125-07.
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 9837 to 9821.
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 16720 and the 16550 to 16420 region. BW Traders can buy at 16557 for a bounce and hold for higher prices.
Resistance remains near the 16890 to 16960 region and should cap rallies.
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
Support should appear near 1289.00 and the 1274.0 to 1268.0 region. JULY COPPER Resistance should appear near 31940 to 32130.
Support should appear near 31020 to 30920.
JULY SILVER
Support should appear near 1909.0 to 1902.0 Resistance is at 1946.0 to 1953.0.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 10320 to 10360
Support should appear near 10228 and 10136 to 10104
JULY BRENT CRUDE OIL Resistanceshould appear near 11010 and 11155. Supportshould appear near 10815, below that buyers should appear near the 10680 to 10580 region
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 29370 to 29280.
Resistance should appear near 29720 to 29900.
JULY NATURAL GAS
Resistance should appear 463.9 to 465.0
Support should appear near 438.1 to 437.0
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near the 1459 to 1453 region.
Resistance should appear near 1484 to 1496
AUGUST SOYBEANS
Support should appear near 1399 and the 1383 to 1377 region.
Resistance should appear near 141 to 1421 and 1437
Trade Accordingly
NOVEMBER SOYBEANS
Support should appear near 1217 1/2 and 1203 to 1192
Resistance should appear near 1238 and 1268 to 1274
JULY SOYOIL
Resistance should appear near 4110 to 4120.
Support should appear near the 3992 to 3982 region.
JULY SOYMEAL
Resistance should appear near 491.5 to 492.6, beyond that a test of 497.3 to 499.5
Support should appear near 485.6 to 484.5 and 478.5 to 477.5.
AUGUST SOYMEAL
Resistance should appear near 469.5 to 471.7
Support should appear near 458.2 to 457.1. 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 667 3/4 to 665 3/4 and 659 ¼ to 657 ¼
Resistance should appear near 690 ¾ to 691 ¾ and 707 ½ to 708 3/4
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13830 to 13770
Resistance should appear near 13990 and the 14150 to 14210 region.
AUGUST CATTLE Support should appear near 13992 and the 13830 to 13770 region.
Resistance should appear near 14150 to 14210.
JUNE HOGS
Support should appear near 11922 then 11807 and the 11690 to 11640 region.
Resistance should appear near 11972 to 12030 and 12177.
JULY HOGS
Support should appear near 12380 to 12320.
Resistance should appear near 12680 to 12740.
AUGUST HOGS
Support should appear near 12682 and 12532.
Resistance should appear near 12740 then 12890 and 13040 to 13100.
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 19020 to 19090.
Support should appear near 18220 to 18080.
JULY COCOA
Resistance should appear near 3036 to 3045
Support should appear near 2937 to 2928
JULY SUGAR
Resistance is near 1808 to 1822.
Support should appear near the 1738 to 1731 region.
JULY COTTON
Support should appear near the 8871 to 8856 region.
Below that buyers should appear near 8683 to 8668. Resistance is at 8934 to 8964 and 9044 to 9060.
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
Tuesday May 20, 2014 6:50 PM South Florida Beach Time
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