Morning Investment and Day Trading Comments Friday May 09, 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 08, 2014 3:00 PM, South Florida Beach Time.

                                  THE SENSATIONAL STOCK AND BOND MARKET

DOW JONES INDUSTRIAL AVERAGE

Support should appear near 16,420.00, below that buyers should appear near the 16,150.00 to 16,090.00 region.

Resistance is at 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 1101.00 and 1115.50, beyond that sellers should appear near 1130.00 to 1136.00.

Support should appear near 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 125-21 and 126-07

Support should appear near 124-21 and 124-07.

 

                                        THE FRENZIED FOREX FRONT

JUNE DOLLAR INDEX

Resistance should appear near 7954 and 7991

Support should appear near 7777 to 7763

 

JUNE JAPANESE YEN

Resistance should appear near 9921 to 9937.

 

Support should appear near 9837 to 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 16960 then 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 9347 to 9316   Resistance should appear near 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 1865 to 1858

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 Resistanceshould appear near 10747 and 10815 Supportshould appear near 10680 to 10580 and 10470

 

JUNE HEATING OIL

Support should appear near should appear near 28830 to 28740 and 28290 to 28200 Resistance should appear near 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 4639 to 4650

Support should appear near 4381 to 4370                                        

        

 

 

 

 

 

 

 

                                                THE GRANDE’ GRAINS

JULY SOYBEANS

Support should appear near 1459 to 1453 and 1421 to 1415. BW Traders can buy at 1422 for a bounce and hold for higher prices.

Nearby resistance should appear near 1484 to 1496

 

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 484.5 to 485.6 and 491.5 to 492.6

Support should appear near 471.7 to 469.5 and the 465.0 to 463.9 region. BW Traders can buy at 465.0 and hold for higher prices.

JULY CORN

Support should appear near 513 ¾ to 512 ½ and 506 ¾ to 505 ¾ Resistance should appear near 525 ¾ to 528 ¼ and 534 ½ to 535 ½

JULY WHEAT

Resistance should appear near 741 ½ to 742 ¾ then 748 ¾ to 751 ½ and 759 ¾ to 760 ¾

Support should appear near 734 ¼ to 732 ¾ then 725 ½ to 724 ¾ and 717 to 714 ¼
 

 

 

 

                                        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

Support should appear near 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

Thursday May 08, 2014 4:25 PM South Florida Beach Time

 

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