Morning Investment and Day Trading Comments Thursday May 22, 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 22, 2014
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs
“If everyone is thinking alike, then somebody isn’t thinking”. –George S. Patton–
Wednesday May 21, 2014 5:00 PM, South Florida Beach Time.
Traders should stay nimble and stay tuned for Flashes and Updates
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near the 16,150.00 to 16,090.00 region.
Resistance is at 16,550.00 and 16,720.00
JUNE E-MINI SP500
Resistance is at the 1902.00 to 1909.00. Support should appear near 1865.00 to 1858.00
NASDAQ COMPOSITE
Resistance should appear at 4163.00 to 4183.00.
Support should appear near 4056.00 to 4046.00
JUNE E-MINI NASDAQ 100
Support should appear near 3623 to 3613 Resistance is at 3663.00 to 3683.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1101.00 then 1115.50 and 1130.00 to 1136.00 Support should appear near 1096.00 then 1089.00 and 1082.00
JUNE 30 YR BONDS
Resistance should appear near 137-24 and 138-07. Support should appear near 136-07 and 135-21
JUNE 10 YR NOTE
Resistance should appear near 126-07. Above that a test of 126-21 is likely Support should appear near 125-21 and 125-07.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8029 to 8044 and 8119 to 8134.
Support should appear near 7954 to 7939 and 7864 to 7836
JUNE JAPANESE YEN
Resistance should appear near 9921 to 9937
Support should appear near 9837 to 9821.
JUNE EURO CURRENCY
Support should appear near 13615 and the 13460 to 13340 region. Resistance remains 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 16812 and 16720. Resistance remains near 16925 to 16960
JUNE CANADIAN DOLLAR
Resistance should appear near 9237 and the 9316 to 9347 region.
Support should appear near 9060 to 9044.
JUNE AUSSIE DOLLAR
Support should appear near 9156 to 9140 Resistance should appear near 9316 to 9347.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near the 1304 to 1310
Support should appear near 1289.00 and the 1274.0 to 1268.0 region.
JULY COPPER
Resistance should appear near 31480 to 31570 and 31940 to 32130.
Support should appear near 31020 to 30920 and 30450 to 30360
JULY SILVER
Support should appear near 1909.0 to 1902.0 Resistance is at 1946.0 to 1953.0.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 10470 and 10580 to 10680
Support should appear near 10360 to 10320
JULY BRENT CRUDE OIL
Resistance should appear near 11155 and 11300 to 11360
Support should appear near 11010 to 10960
JULY HEATING OIL
Support should appear near should appear near 29370 to 29280 Resistance should appear 29720 to 29900
JULY UNLEADED GAS
Support should appear 19550 and 29370 to 29280.
Resistance should appear near 29900 and 30360 to 30450
JULY NATURAL GAS
Resistance should appear 4.639 to 4.650
Support should appear near 4.381 to 4.370
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near the 1496 to 1484 and 1471 ½
Resistance should appear near 1529 to 1535
AUGUST SOYBEANS
Support should appear near 1421 to 1415
Resistance should appear near 1437 and 1453 to 1459
Trade Accordingly
NOVEMBER SOYBEANS
Support should appear near 1238 to 1232
Resistance should appear near 1268 to 1274
JULY SOYOIL
Resistance should appear near 4110 to 4120.
Support should appear near the 3992 to 3982 region.
JULY SOYMEAL
Resistance should appear near 505.6 to 506.7
Support should appear near 485.6 to 484.5.
AUGUST SOYMEAL
Resistance should appear near 484.5 to 485.6
Support should appear near 465.0 to 463.9 Trade Accordingly
JULY CORN
Support should appear near 465 to 463 ¾ and 458 ¼ to 457 ¼ Resistance should appear near 484 ½ to 485 ¾ and 491 ½ to 492 ¾.
JULY WHEAT
Support should appear near 659 ¼ to 657 ¼ Resistance should appear near 680 ¾ to 683 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13830 to 13770
Resistance should appear near 13990 and the 14150 to 14210 region.
AUGUST CATTLE Support should appear near 13992 and the 13830 to 13770 region.
Resistance should appear near 14150 to 14210.
JUNE HOGS
Support should appear near 11922 then 11807 and the 11690 to 11640 region.
Resistance should appear near 11972 to 12030 and 12177.
JULY HOGS
Support should appear near 12532 and 12380 to 12320. Resistance should appear near 12680 to 12740.
AUGUST HOGS
Support should appear near 12740 to 12680. Resistance should appear near 12890 and 13040 to 13100.
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 19020 to 19090.
Support should appear near 17800 to 17740
JULY COCOA
Resistance should appear near 3036 to 3045
Support should appear near 2937 to 2928
JULY SUGAR
Resistance is near 1808 to 1822.
Support should appear near the 1738 to 1731 region.
JULY COTTON
Support should appear near the 8871 to 8856 region.
Below that buyers should appear near 8683 to 8668. Resistance is at 8934 to 8964 and 9044 to 9060.
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 21, 2014 6:10 PM South Florida
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