FuturesCom Morning Investment Comments Friday May 11, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2 . “The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it” –Ronald Reagan–
Thursday May 10, 2012
8:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near the 12,740.00 to 12,680.00 region.
Resistance should appear near the 13,040.00 to 13,100.00 region.
JUNE E-MINI SP500
Resistance should appear near the 1377.00 to 1383.00 region.
Support should appear near the 1346.00 to 1334.00 region
NASDAQ COMPOSITE
Resistance should appear near 2972.00 to 2990.00
Support should appear near 2883.00 to 2874.00
JUNE E-MINI NASDAQ 100
Resistance should appear near 2663.00 to 2672.00.
Support should appear near 2568.00 to 2552.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 802.90 to 804.40.
Support should appear near the 777.70 to 776.30
Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 145-07 and 145-21
Support should appear near 144-21 and 144-07.
JUNE 10 YR NOTE
Resistance should appear near 133-07 and the 133-21.
Support should appear near 132-07 and 131-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8044 to 8029, a close over is friendly and augurs for a test of
8119 to 8134.
Support should appear near 7954 to 7939 and 7901
JUNE JAPANESE YEN
Resistance should appear near the12680 to 12740 region.
Support should appear near the 12380 to 12320 region
JUNE EURO CURRENCY
Support should appear near 12890 and 12740 to 12680.
Resistance should appear near 12965 and the 13040 to 13100 region.
JUNE SWISS FRANC
Resistance should appear near 10820 and10890.
Support should appear near the 10680 to 10580 region.
JUNE BRITISH POUND
Support should appear near 16017 and 15927.
Resistance should appear near 16090 to 16150 and 16317.
JUNE CANADIAN DOLLAR
Resistance should appear near 10021 to 10037 and 10104 to 10136
Nearby Support should appear near 9937 to 9921 and 9838 to 9821
JUNE AUSSIE DOLLAR
Resistance should appear near 10021 to 10037.
Support should appear near 9937 to 9921
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 192.5 and 1609 to 1615.
Support is near the 1576 to 1569 and 1535 to 1529
JULY COPPER
Resistance should appear near 36630 to 36820 and 37340 to 37430.
Support should appear near 36230 to 36130 and 35530 to 35630.
JULY SILVER
Resistance should appear near 2928 to 2937 and 2972 to 2990.
Support is at 2883 to 2874 and 2820 to 2829
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9706 to 9737 and 9821 to 9837
Support should appear near the 9641 to 9625 and 9542 to 9526 region.
JUNE HEATING OIL
Support should appear near 29370 to 29280 region.
Below that buyers should appear near 28830 to 28740.
Resistance should appear near 29720 to 29900 and 30360 to 30450
JUNE UNLEADED GAS
Support should appear near 29370 to 29280 and the 28290 to 28200 region, which should contain
a decline.
Resistance should appear near 30360 to 30450 and 31480 to 31570
JUNE NATURAL GAS
Support should appear at 2370 to 2354 and 2226 to 2219
Resistance should appear near the 2519 to 2511 and 2552 to 2568
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1383 to 1377 and 1346 to 1334
Resistance should appear near the 1415 to 1421 and 1453 to 1459.
JULY SOYMEAL
Resistance should appear near 416.3 to 418.3 and 423.8 to 424.9
Support should appear near 399.2 to 398.2 and 392.9 to 390.9
JULY BEAN OIL
Support should appear near 5211 to 5200 and the 5282 to 5259 region.
Resistance should appear near 5344 to 5356 and the 5418 to 5430 region
JULY CORN
Support should appear near 565 to 564
Resistance should appear near 594 ½ to 595 ¾
JULY WHEAT
Resistance should appear near 602 ¾ to 603 ½ and 610 ¼ to 611 ¼
Support should appear near 580 ½ to 579 ¼ and 557 ¾ to 555 ¼
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11360 to 11320
Resistance should appear near 11640 to 11690
JUNE HOGS
Support should appear near 8502 to 8482 and 8407 to 8392
Resistance should appear near the 8557 to 8587 region. Beyond that sellers should appear near
8667 to 8682
JULY HOGS
Support should appear near 8407 to 8392.Below that buyers should appear near 8317 to 8302.
Resistance should appear near 8567 to 8562 and the 8667 to 8682 region.
OCTOBER HOGS
Support should appear near 7867 to 7832 and 7777 to 7762
Resistance should appear near 8027 to 8047 and 8117 to 8132
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near the 17380 to 17310 and the 16960 to 16890 region.
Resistance should appear near 18080 to 18220 and the 19020 to19090 region.
BW Traders can sell at 18070 and hold for lower prices.
JULY COCOA
Resistance should appear near 2354 to 2370
Support should appear near 2275 to 2267.
JULY SUGAR
Support is at 1996 to 1982 region.
Resistance should appear near 2080 to 2089
JULY COTTON
Resistance should appear near 8300 to 8314
Support should appear 7777 to 7763
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Thursday May 10, 2012
9:00 PM South Florida Beach Time
THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES AND FOREIGN EXCHANGE TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, FOREIGN EXCHANGE AND OPTIONS. TRADING FUTURES AND FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PLEASE TRADE WITH CAPITAL YOU CAN AFFORD TO LOSE. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. NO SOLICITATION IS MADE HERE FOR INDIVIDUALS TO BUY OR SELL FUTURES CONTRACTS, FOREIGN EXCHANGE OR OPTION MARKET. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. READERS ARE SOLEY RESPONSIBLE FOR HOW THEY USE THE INFORMATION AND FOR THEIR RESULTS. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FUTURES AND FOREIGN EXCHANGE AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS, THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES AND FOREIGN EXCHANGE TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. INTERNET RISKS ; THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET BASED SERVICE INCLUDING BUT NOT LIMITED TO, FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION, FUTURESCOM EMPLOYS BACK-UP SYSTEMS AND CONTINGENCY PLANS TO MINIMIZE THE POSSIBILITY OF SYSTEM FAILURE
FuturesCom Morning Comments Friday May 11, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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