FuturesCom Morning Investment Comments Thursday May 03, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2 . “Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable -ranks high. There are certain chances that the most prudent man is justified in taking -chances that he must take if he wishes to be more than a mercantile mollusk” –Reminiscences of a Stock Operator–
Thursday May 03, 2012
4:00 AM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 13,100 to 13,040.00.
Resistance should appear near the 13,340.00 to 13,460.00 region
JUNE E-MINI SP500
Resistance should appear near the 1415.00 to 1421.00 region
Support should appear near 1383.00 to 1377.00
NASDAQ COMPOSITE
Resistance should appear near 3092.00 to 3102.00.
Support should appear near 2990 to 2972
JUNE E-MINI NASDAQ 100
Resistance should appear near 2758.00 to 2775.00.
Support should appear near 2672.00 to 2663.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 819.40 to 822.30 and 830.00 to 831.40.
Support should appear near 804.40 to 802.90 and 795.40 to 793.90
JUNE 30 YR BOND
Resistance should appear near 143-21 and 144-07
Support should appear near 142-07 and 141-21
JUNE 10 YR NOTE
Resistance should appear near 132-21 and 133-07
Support should appear near 131-21 and 131-07.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 7939 to 7954
Support should appear near the 7864 to 7836 region.
JUNE JAPANESE YEN
Resistance should appear near 12530 and the 12680 to 12740 region.
Support should appear near 12380 to 12320
JUNE EURO CURRENCY
Support should appear near 13100 to 13040
Resistance should appear near 13220 and 13340 to 13460.
JUNE SWISS FRANC
Resistance should appear near 10960 to 11010
Support should appear near 10890 and 10820.
JUNE BRITISH POUND
Support should appear near 16150 to16090
Resistance should appear near 16420 to 16550
JUNE CANADIAN DOLLAR
Resistance should appear near 10136 and 10185.
Support should appear near 10104 and 10037 to 10021
JUNE AUSSIE DOLLAR
Resistance should appear near 10320 to 10360
Support should appear near 10185 and 10136 to 10104
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1672 and 1688.BW Traders can sell at 1688 and hold for lower prices.
Support is near 1642. And 1615 to 1609
JULY COPPER
Resistance should appear near 38580 to 38670
Support should appear near 36820 to 36630
JULY SILVER
Resistance should appear near 3092 to 3102
Support is at 2990 to 2972
THE EXCITING ENERGIES
JUNE CRUDE OIL
Resistance should appear near 10580 to10680
Support should appear near 10360 to 10320
JUNE HEATING OIL
Support should appear near the 31020 to 30920
Resistance should appear near 31940 to 32130
JUNE UNLEADED GAS
Support should appear near 30450 to 30360
Resistance should appear near 31480 to 31570
JUNE NATURAL GAS
Support should appear at 2226 to 2219
Resistance should appear near 2411 to 2419
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1459 to 1453
Resistance should appear near 1489 to 1496
JULY SOYMEAL
Resistance should appear near 430.4 to 431.5
Support should appear near 424.9 to 423.8
JULY BEAN OIL
Resistance should appear near 5553 to 5577
Support should appear near 5430 to 5418
JULY CORN
Support should appear near 603 ½ to 602 ¾
Resistance should appear near 625 ¾ to 627
JULY WHEAT
Resistance should appear near 633 ¾ to 635
Support should appear near 595 ¾ to 594 ½
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11010 to 10960
Resistance should appear near 11300 to 11360
JUNE HOGS
Support should appear near 8407 to 8392
Resistance should appear near 8557 to 8592
OCTOBER HOGS
Support should appear near the 7957 to 7932 region.
Resistance should appear near 8117 to 8137
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near 17800 to 17740
Resistance should appear near 18580 to 18560
JULY COCOA
Resistance should appear near 2354 to 2370 and 2411 to 2419
Support should appear near 2275 to 2267 and 2175 to 2170
JULY SUGAR
Support is at 1953 to 1946
Resistance should appear near 2126 to 2134.
JULY COTTON
Resistance should appear near 9044 to 9060 and 9140 to 9156
Support should appear 8871 to 8856 and 8777 to 8762
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Thursday May 03, 2012
5:00 AM 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 Thursday May 03, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
FuturesCom Investment Publications 1- 772-236-9294 Terms of Use and Agreement https://www.futurescom.com/policies.html FuturesCom Investment Publications © 2012 All Rights Reserved.
Sorry, the comment form is closed at this time.