Morning Investment and Day Trading Comments Friday May 16, 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
Thursday May 15, 2014 6:30 PM, South Florida Beach Time.
Stay tuned for Flashes and Updates in all markets
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,150.00 to 16,090.00
Resistance is at 16,550.00 and 16,720.00
JUNE E-MINI SP500
Resistance is at 1874.00, then 1883.00 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 and 1840.00.
NASDAQ COMPOSITE
Resistance should appear near 4110.00 to 4120.00 and the 4163.00 to 4183.00 region
Support should appear near 4056.00 to 4046.00 and the 3992.00 to 3982.00 region.
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 and 3663.00 to 3682.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1096.00 to 1101.00 and the 1130.00 to 1136.00 region.
Support should appear near 1082.00 and 1068.00 to 1058.00
JUNE 30 YR BONDS
Resistance should appear near 138-07 and 138-21 Support should appear near 137-07 and 136-21
JUNE 10 YR NOTE
Resistance should appear near 126-07 and 126-21
Support should appear near 125-21 and 125-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8029 to 8044
Support should appear near 7954 to 7939
JUNE JAPANESE YEN
Resistance should appear near the 9921 to 9937 region.
Support should appear near 9837 to 9821
JUNE EURO CURRENCY
Support should appear near 13617 and the 13460 to 13340 region. Resistance should appear 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
Resistance should appear near 16817 and the 16890 to 16960 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 9237 and 9316 to 9347 Support should appear near 9156 to 9140 and 9060 to 9044
JUNE AUSSIE DOLLAR
Support should appear near 9316, below buyers should appear near 9238 Resistance should appear near 9347 and the 9429 to 9445 region.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1304.00 to 1310.0 and extended trade or close over is friendly and augurs for a test of 1322.00
Support should appear near 1289.0, below that 1274.0 to 1268.0 should hold.
JULY COPPER Resistance should appear near 31940 to 32130.
Support should appear near 31020 to 30920.
JULY SILVER
Support should appear near 1946.0 and 1909.0 to 1902.0
Resistance is at 1982.0 to 1996.0 and 2034 to 2042.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 10235 and 10320 to 10360
Support should appear near 10104 and 10077.
JULY BRENT CRUDE OIL Resistanceshould appear near 10960 to 11010. Supportshould appear near 10815 and 10680 to 10580.
JULY HEATING OIL
Support should appear near should appear near 29370 to 29280 Resistance should appear near 29720 to 29900, beyond that a test of 30360 to 30450 is likely .
JULY UNLEADED GAS
Support should appear the 29370 to 29280 region.
Resistance should appear near 29720 to 29900.
JULY NATURAL GAS
Resistance should appear 4571 to 4582
Support should appear near 4315 to 4304
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near the 1459 to 1453 region.
Nearby resistance should appear near 1484 to 1496
NOVEMBER SOYBEANS Support should appear near 1217 and the 1203 to 1192 region.
Resistance should appear near 1232 to 1238.
JULY SOYOIL Resistance should appear near 4163 to 4183 Support should appear near 4056 to 4046.
JULY SOYMEAL
Resistance should appear near 491.5 to 492.6
Support should appear near 471.7 to 469.5
JULY CORN
Support should appear near 478 ½ to 477 ½ Resistance should appear near 484 ½ to 485 ¾
JULY WHEAT
Resistance should appear near 708 ¾ to 707 ½ Support should appear near 675 ½ to 674 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13692 and 13617
Resistance should appear near 13770 to 13830
AUGUST CATTLE Support should appear near 13770 and 13697
Resistance should appear near 13912 and 13987 buy dips…
JUNE HOGS
Support should appear near 11817 and 11692 to 11637
Resistance should appear near 11972 to 12030 and 12102 Sell Rallies
JULY HOGS
Support should appear near 12380 to 12320
Resistance should appear near 12680 to 12740
AUGUST HOGS
Support should appear near 12380 to 12320 Resistance should appear near 12680 to 12740
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 20340 to 20420
Support should appear near 19090 to 19020
JULY COCOA
Resistance should appear near 2972 to 2990
Support should appear near the 2829 to 2820.
JULY SUGAR
Resistance is near 1858 to 1865 Support should appear near 1808 and 1794
Buy dips… JULY COTTON
Support should appear near 8934 to 8964 and 8871 to 8856 Resistance is near 9044 to 9060 and 9100
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 15, 2014 7:30 PM South Florida Beach Time
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