Morning Investment and Day Trading Comments Thursday May 15, 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

 

                                  THE SENSATIONAL STOCK AND BOND MARKET

DOW JONES INDUSTRIAL AVERAGE

Support should appear near the 16550.00 to 16,420.00 region.

Resistance is at 16,720.00 and the 16,890.00 to 16,960.00 region.
JUNE E-MINI SP500

Resistance is at 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
NASDAQ COMPOSITE

Resistance should appear near 4110.00 to 4120.00 and the 4163.00 to 4183.00 region

Support should appear near the 4056.00 to 4046.00 region.
JUNE E-MINI NASDAQ 100

Support should appear near 3563.00 to 3553.00 and 3503.00 to 3493.00

Resistance is at 3613.00 to 3623.00 and 3663.00 to 3682.00

JUNE E-MINI RUSSELL 2000

Resistance should appear near 1115.50 and the 1130.00 to 1136.00 region.

Support should appear near the 1101.00 to 1096.00 and 1082.00

JUNE 30 YR BONDS

Resistance should appear near 137-07, beyond that a test of 137-21 is likely Support should appear near 136-21 and 136-07

JUNE 10 YR NOTE

Resistance should appear near 125-21 and 126-07

Support should appear near 125-07 and 124-21

 

                                        THE FRENZIED FOREX FRONT

 

JUNE DOLLAR INDEX

Resistance should appear near 8029 to 8044

Support should appear near 7954 to 7939

 

JUNE JAPANESE YEN

Resistance should appear near 9821 to 9837, a close over is friendly and augurs for a test of the 9921 to 9937 region.

Support should appear near 9737 to 9706 and should hold.
 

 

JUNE EURO CURRENCY

Support should appear near 13617 and the 13460 to 13340 region. Resistance should appear near 13770 to 13830

JUNE SWISS FRANC

Resistance should appear near 11300 to 11360

Support is near 11155 and the 11010 to 10960 region.

JUNE BRITISH POUND

Support should appear near 16720 and the 16550 to 16420 region

Resistance should appear near 16817 and the 16890 to 16960 region.

 

JUNE CANADIAN DOLLAR

Resistance should appear near 9237 and 9316 to 9347 Support should appear near 9156 to 9140 and 9060 to 9044
JUNE AUSSIE DOLLAR

Support should appear near 9347 to 9316.   Resistance should appear near the 9429 to 9445 region.
                                                     THE PRECIOUS METALS

JUNE GOLD

Resistance should appear near 1310.0 and extended trade or close over is friendly and augurs for a test of 1322.00

Support should appear near 1304.0 and 1289.0, below that 1274.0 to 1268.0 should hold.

JULY COPPER Resistance should appear near 31940 to 32130.

Support should appear near 31480 and 31020 to 30920.

JULY SILVER

Support should appear near 1953.0 to 1946.0 and 1909.0 to 1902.0

Resistance is at 1982.0 to 1996.0 and 2034 to 2042.                                                                                  

 

                                                    THE EXCITING ENERGIES

JULY CRUDE OIL

Resistance should appear near 10235 and 10320 to 10360

Support should appear near 10136 to 10104 and 10077.

 

JULY BRENT CRUDE OIL Resistanceshould appear near 10960 to 11010. Supportshould appear near 10815 and 10680 to 10580.

 

JUNE HEATING OIL

Support should appear near should appear near 29370 to 29280 Resistance should appear near 29720 to 29900, beyond that a test of 30360 to 30450 is likely .

 

JUNE UNLEADED GAS

Support should appear the 29550 and the 29370 to 29280 region.

Resistance should appear near 29720 to 29900. Beyond that a test of 30120 is likely.
JULY NATURAL GAS

Resistance should appear 4425 to 4446

Support should appear near 4056 to 4046                                                

 

 

 

 

 

 

                                                THE GRANDE’ GRAINS

JULY SOYBEANS Support should appear near 1471 ½ and the 1459 to 1453 region.

Nearby resistance should appear near 1496, beyond that a test of 1512 ½ is likely

 

NOVEMBER SOYBEANS Support should appear near 1217 and the 1203 to 1192 region.

Resistance should appear near 1232 to 1238.
JULY SOYOIL

Resistance should appear near 4163 to 4183, beyond that a test of 4238 to 4249 is likely.

Support should appear near 4120 to 4110 and 4056 to 4046.
JULY SOYMEAL

Resistance should appear near 491.5 to 492.6

Support should appear near 485.6 to 484.5 and 481.1

JULY CORN

Support should appear near 492 ¾ to 491 ½ Resistance should appear near 505 ¾ to 506 ¾

JULY WHEAT

Resistance should appear near 714 ¼ to 717 Support should appear near 684 ¾ to 683 ¾
 

 

 

 

 

 

 

 

                                        THE LIVELY LIVESTOCK

JUNE CATTLE

Support should appear near 13692 and 13617

Resistance should appear near 13770 to 13830

 

AUGUST CATTLE Support should appear near 13832 and 13770

Resistance should appear near 13912 and 13987     buy dips…

 

JUNE HOGS

Support should appear near 11977 then 11922 and 11817.

Resistance should appear near 12030 and 12102

JULY HOGS

Support should appear near 12380 to 12320

Resistance should appear near 12680 to 12740

                   

AUGUST HOGS

Support should appear near 12380 to 12320 Resistance should appear near 12680 to 12740

 

 

 

                                              THE SATISFYING SOFTS

JULY COFFEE

Resistance should appear near 19020 to 19090, beyond that a test of 19460 to 19530 is likely.

Support should appear near 18220 to 18080 and 17800 to 17400
JULY COCOA

Resistance should appear near 2972 to 2990

Support should appear near the 2829 to 2820.
JULY SUGAR

Resistance is near 1902 to 1909, beyond that a test of 1946 to 1953 is likely.   Support should appear near 1865 to1858.

Buy dips… JULY COTTON

Support should appear near 8934 to 8964 and 8871 to 8856 Resistance is near 9100 and 9150 to 9156

                                       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

Wednesday May 14, 2014 9:20 PM South Florida Beach Time

 

 

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