FuturesCom Morning Investment Comments Friday May 24, 2013 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
‘I would rather be out of a market wishing I were in then in a market wishing I was out’.
Thursday May 23, 2013
2:00 PM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 15,290 and the 14,960.00 to 14.840.00 region.
Resistance should appear near 15,350.00 then 15,520.00 and the 15,690.00 to 15760.00 region.
JUNE E-MINI SP500
Resistance should appear near 1655.00 then 1672.00 and the 1689.00 to 1696.00 region.
Support should appear near 1642.00 then 1628.50 and the 1616.00 to 1609.00 region.
BW Traders can buy at 1616.00 for a bounce and risk a close under 1609.00 for three days in a row.
NASDAQ COMPOSITE
Resistance should appear near 3493.00 to 3503.00 then 3528.00 and the 3553.00 to 3563.00 region.
Support should appear near 3443.00 to 3425.00 and the 3386.00 to 3377.00 region.
JUNE E-MINI NASDAQ 100
Support should appear near 2972.00, below that a test of 2937.00 to 2928.00 is likely.
Resistance should appear near 2992.00 then 3013.00 and the 3036.00 to 3045.00 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 992.10 to 993.70. Beyond that sellers should appear near 1002.10 to 1003.70 and 1010.40 to 1013.60 region.
Support should appear near 973.70 to 970.60 and 964.10 to 962.50. BW Traders can buy at 964.30 and risk a close under 961.80 for three days in a row. Below that support should appear near 954.20 to 952.60.
JUNE 30 YR BOND
Resistance should appear near 143-21 and 144-07
Support should appear near 142-21 and 142-07
JUNE 10 YR NOTE
Resistance should appear near 132-07 and 132-21
Support should appear near 131-07 and 130-21.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8399 to 8406 and 8484 to 8499
Support should appear near 8353 and the 8314 to 8300 region.
JUNE JAPANESE YEN
Resistance should appear near 9921 to 9937 and the 10021 to 10037
Support should appear near 9737 to 9706 and the 9641 to 9625 region.
JUNE EURO CURRENCY
Support should appear near 12890 and the 12740 to 12680 region.
Resistance should appear near 12965 and the 13040 to 13100 region.
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JUNE SWISS FRANC
Resistance should appear near 10360 and 10430.
Support should appear near 10320 then 10237 and the 10136 to 10104 region.
JUNE BRITISH POUND
Support should appear near 14960 to 14840 region. BW Traders can buy at 14967 and risk a close under 14837 for three days in a row.
Resistance should appear near resistance should appear near 15125 and 15207.
JUNE CANADIAN DOLLAR
Resistance should appear near 9706 to 9737 and 9821 to 9837
Support should appear near 9641 to 9625 and 9542 to 9526
JUNE AUSSIE DOLLAR
Support should appear near 9542 to 9526 and 9445 to 9429
Resistance should appear near 9706 to 9737 and 9821 to 9837
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1399 and the 1415 to 1421 region.
Support is near 1383 to 1377 then1346 to 1334 and 1310 to 1304.
JULY COPPER
Resistance should appear near 33770 to 33860 then 34250 to 34430 and the 34950 to 35030 region
BW Traders can sell at 34900 and risk a close over 351.00 for three days in a row.
Support should appear near 32700 to 32610 and the 32130 to 31940 region
JULY SILVER
Resistance should appear near 2267 to 2275 and 2315 to 2322.
Support is at 2226 to 2219 and the 2185 to 2170 region. Below that a test of 2134 to 2126 is likely.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9429 to 9445 and the 9625 to 9641region.
Support should appear near 9156 to 9140 and the 9044 to 9029 region.
JULY HEATING OIL
Support should appear near 28290 to 28200 and 27750 to 27580
Resistance should appear 28740 to 28830 and 29280 to 29370
JULY UNLEADED GAS
Support should appear near 27750 to 27580 and the 26720 to 26830 region.
Resistance should appear near 28200 to 28290 and 28740 to 28830.
JULY NATURAL GAS
Resistance should appear at 4304 to 4315 and 4370 to 4381.
Support should appear near 4183 to 4163 and 3929 to 3909.
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1459 to 1453 and 1421 to 1415.
Resistance should appear near the 1529 to 1535 and 1569 to 1576
NOVEMBER SOYBEANS
Support should appear near 1238 to 1232 and 1217 ½
Resistance should appear near 1252 and 1268 to 1274.
JULY SOYOIL
Resistance should appear near 4973 to 4995 and 5056 to 5067
Support should appear near the 4856 to 4845 and 4785 to 4775
JULY SOYMEAL
Resistance should appear near 442.5 to 444.6 and 450.3 to 451.4
Support should appear near 431.5 to 430.4 and 418.3 to 416.3
JULY CORN
Support should appear 635 to 633 ¾
Resistance should appear near 665 ¾ to 667 ¼
DECEMBER CORN
Support should appear 521 ¼ to 520 and 513 ¾ to 512 ¾
Resistance should appear near 534 ½ to 535 ¾ and 541 ¾ to 543.
JULY WHEAT
Resistance should appear near 707 to 708 ¾ and the 714 ¼ to 717 region.
Support should appear near 691 ¾ to 690 ¾ and 675 ½ to 674 ¼
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 11690 to 11640 and 11537
Resistance should appear near 11822 and 11917 to 12030
JULY HOGS
Support should appear near 9157 to 9140 and the 9062 to 9042 region.
Resistance should appear near 9317 to 9347 and 9427 to 9442
OCTOBER HOGS
Support should appear near 8132 to 8117 and 8047 to 8027.
Resistance should appear near 8300 to 8317 region…
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near 12740 to 12680 and the 12380 to 12320 region
Resistance should appear near 13040 to 13100 and 13340 to 13460
JULY COCOA
Resistance should appear near 2267 to 2275 and 2315 to 2322
Support should appear near 2226 to 2219 and 2185 to 2170
JULY SUGAR
Resistance is near 1689 to 1696 and the 1731 to 1738 region.
Support should appear near 1655 to 1642 and 1615 to 1609
JULY COTTON
Support should appear near 7777 to 7763
Resistance is near 8300 to 8314
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 23, 2013
2:55 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 Futures Comments Friday May 24, 2013 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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