Morning Investment and Day Trading Comments Friday June 06, 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
“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 June 05, 2014 2:00 PM, South Florida Beach Time.
Traders should stay nimble and stay tuned for Flashes and Updates for all Markets. * Analysis for Forex Futures will roll to September over the weekend.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,720.00 and 16,550.00 to 16,420.00. Resistance is at the 16,890.00 to 16,960.00 region.
JUNE E-MINI SP500
Resistance is at the 1946.00 to 1953.00 region
Support should appear near 1927.00 and the 1909.0 to 1902.0 region.
NASDAQ COMPOSITE
Resistance should appear at the 4304.00 to 4315.0 region. Support should appear near the 4249.00 to 4238.00 region.
JUNE E-MINI NASDAQ 100
Support should appear near 3743.00 to 3734.00. Resistance is at the 3795.0 to 3806.00 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1164.00 to 1169.00.
Support should appear near 1150.00 and 1136.00 to 1130.00.
SEPTEMBER 30 YR BONDS
Resistance should appear near 135-21 and 136-07 Support should appear near 134-21 and 134-07
SEPTEMBER 10 YR NOTE
Resistance should appear near 124-21 and 125-07.
Support should appear near 123-21 and 123-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8119 to 8134.
Support should appear near 8044 to 8029.
JUNE JAPANESE YEN
Resistance should appear near 9821 to 9837.
Support should appear near 9737 to 9706.
JUNE EURO CURRENCY
Support should appear near 13617 and the 13460 to 13340 region. Resistance is at 13770 to 13830.
JUNE SWISS FRANC
Resistance should appear near the 11300 to 11360 region.
Support is near the 11010 to 10960 region.
JUNE BRITISH POUND
Support should appear near 16720 and the 16550 to 16420 region. Resistance remains near the 16890 to 16960 region.
SEPTEMBER CANADIAN DOLLAR
Resistance should appear near 9140 to 9156 and 9237 Support should appear near 9100 and 9060 to 9044
JUNE AUSSIE DOLLAR
Support should appear near 9316 and 9231 Resistance should appear near 9347 and 9429 to 9445
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1268.0 to 1274.0
Support should appear near 1238.0 to 1232.0
JULY COPPER Resistance should appear near 31020 and 31480 to 31570
Support should appear near 30450 to 30360. BW Traders can buy at 30475 and initially plan on risking a close under 30300 for three days in a row
JULY SILVER
Support should appear near the 1822.0 to 1808.0 region.
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 10136 to 10104.
JULY BRENT CRUDE OIL Resistanceshould appear near 10960 to 11010. Supportshould appear near 10815 and the 10680 to 10580 region
JULY HEATING OIL
Support should appear near should appear near 28290 to 28200. Resistance should appear 29280 to 29370
JULY UNLEADED GAS
Support should appear 29370 to 29280.
Resistance should appear near 29720 to 29900.
JULY NATURAL GAS
Resistance should appear 4.775 to 4.785
Support should appear near 4.582 to 4.581
THE GRANDE’ GRAINS
JULY SOYBEANS Support 1459 to 1453 and 1437
Resistance should appear near 1471 ½ and 1484 to 1496.
AUGUST SOYBEANS
Support should appear near 1399 and 1383 to 1377
Resistance should appear near 1415 to 1421
NOVEMBER SOYBEANS Support should appear near the 1203 to 1192 region.
Resistance should appear near 1217 ½ and 1232 to 1238
JULY SOYOIL Resistance should appear near 4046 to 4056 Support should appear near 3867 to 3858
JULY SOYMEAL
Resistance should appear near 491.5 to 492.6 and 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 463.9 to 465.0 and 469.5 to 471.7.
Support should appear near the 458.2 to 457.1 and 451.4 to 450.3
JULY CORN
Support should appear near 444 ¾ to 442 ½ Resistance should appear near 463 ¾ to 465
JULY WHEAT
Support should appear near the 603 ½ to 602 ¾ region. Resistance should appear near 633 ¾ to 635
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 13830 to 13770.
Resistance should appear near the 14150 to 14210 region.
OCTOBER CATTLE Support should appear near 14210 to 14150
Resistance should appear near the 14530 to 14590.
JUNE HOGS
Support should appear near 11157 and 11010 to 10960
Resistance should appear near 11360 and 11487
JULY HOGS
Support should appear near 12172 then 12107 and 12030 to 11920 Resistance should appear near 12247 and 12320 to 12380
AUGUST HOGS
Support should appear near 12740 to 12680 and 12532 Resistance should appear near 12887 and 13040 to 13100
OCTOBER HOGS
Support should appear near 10682 then 10582 and 10472
Resistance should appear near 10812 and 10960 to 11010
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 17310 to 17380
Support should appear near 16550 to 16420
JULY COCOA
Resistance should appear near 3102 and 3148 to 3157
Support should appear near 3092 and 3067 BW Traders should go long September if a close over 3103 occurs.
JULY SUGAR
Resistance is near 1689 to 1696 Support should appear near 1655 to 1642
JULY COTTON
Support should appear near 8406 to 8391 and 8314 to 8300 Resistance is at 8560 to 8589 and 8668 to 8683
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 June 5, 2014 3:20 PM South Florida Beach Time
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