Morning Investment and Day Trading Comments Thursday May 08, 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
Wednesday May 07, 2014 1:30 PM, South Florida Beach Time.
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 16,550.00 then 16,720.00 and the 16,890.00 to 16,960.00 region.
JUNE E-MINI SP500
Resistance is at 1874.00 then 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, below that buyers should appear near the 1822.00 to 1808.00 region.
NASDAQ COMPOSITE
Resistance should now appear at 4110.00 to 4120.00 and the 4163.00 to 4183.00 region.
Support should appear near 3992.00 to 3982.00 and 3920.00 to 3909.00
JUNE E-MINI NASDAQ 100
Support should appear near 3503.00 to 3493.00 and 3443.00 to 3425.00
Resistance is at 3553.00 to 3563.00 and 3613.00 to 3623.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1115.50 , beyond that sellers should appear near 1130.00 to 1136.00.
Support should appear near 1096.00 then 1082.00 and 1068.00 to 1058.00, which should hold.
JUNE 30 YR BONDS
Resistance should appear near 136-21 and 137-07. Support should appear near 135-21 and 135-07
JUNE 10 YR NOTE
Resistance should appear near 125-07 and 125-21.
Support should appear near 124-21 and 124-07.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7939 to 7954.
Support should appear near 7777 to 7763
JUNE JAPANESE YEN
Resistance should appear near 9921 to 9937.
Support should appear near 9821 and 9783
JUNE EURO CURRENCY
Support should appear near 13830 to 13770. Resistance should appear near 13990 and 14150 to 14210
JUNE SWISS FRANC
Resistance should appear near 11500 and 11640 to 11690
Support is near 11360 to 11300.
JUNE BRITISH POUND
Support should appear near 16925 and 16890
Resistance remains near 17042 and 17132
JUNE CANADIAN DOLLAR
Resistance should appear near 9316 to 9037
Support should appear near 9156 to 9140
JUNE AUSSIE DOLLAR
Support should appear near 9237 and 9156 to 9140
Resistance should appear near 9347 and 9429 to 9445
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near the 1334.0 to 1346.0 region.
Support should appear near 1289.0 and 1274.00 to 1268.00
JULY COPPER
Resistance should appear near 30920 to 31020.
Support should appear near 30360 then 29900 and 29720.
JULY SILVER
Support should appear near 1909.0 to 1902.0 and should hold.
Resistance is at 1982.0 to 1996.0 and 2034 to 2042.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near 9937 to 9921 and 9737 to 9706.
JULY BRENT CRUDE OIL
Resistance should appear near 10747 and 10815
Support should appear near the 10580 and 10470
JUNE HEATING OIL
Support should appear near should appear near 28830 to 28740 and 28290 to 28200
Resistance should appear 29370 and 29720 to 29900
JUNE UNLEADED GAS
Support should appear the 28830 to 28740 region.
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 4650 to 4639
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near 1421 to 1415 and contain a decline. BW Traders can buy at 1422 for a bounce and hold for higher prices.
Nearby resistance should appear near 1453 to 1459 and 1471 ½.
NOVEMBER SOYBEANS Support should appear near 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 4056 to 4046 region.
JULY SOYMEAL
Resistance should appear near 477.5 to 478.5, beyond that a test of 484.5 to 485.6 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 513 ¾ to 512 ½ Resistance should appear near 525 ¾ to 528 ¼
JULY WHEAT
Resistance should appear near 741 ½ to 742 ¾ and 748 ¾ to 751 ½. Support should appear near 734 ¼ to 732 ¾ and 725 ½ to 724 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 and 13912
JUNE HOGS
Support should appear near 12030 to 11920
Resistance should appear near 12172 and 12242
AUGUST HOGS
Support should appear near 12102 and 12030 to 11920. Resistance should appear near 12247 and 12317 to 12382
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 20340 to 20420 and 20800 to 20890
Support should appear near 19960 to 19820 and 19530 to 19460
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 1731 to 1738 Support should appear near 1696 to 1689
JULY COTTON
Support should appear near 9156 to 9140 Resistance is at 9316 to 9347
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
Wednesday May 07, 2014 2:55 PM South Florida Beach Time Terms of Use and Agreement https://www.futurescom.com/policies.html
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