Morning Investment and Day Trading Comments Tuesday June 03, 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
Morning Investment Comments Tuesday June 3, 2014
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs “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 —
Monday June 02, 2014 2:00 PM, South Florida Beach Time.
Traders should stay nimble and stay tuned for Flashes and Updates for all Markets.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 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 1927.00 and the 1946.00 to 1953.00 region
Support should appear near 1909.0 to 1902.0.
NASDAQ COMPOSITE
Resistance should now appear at 4249.0 and the 4304.00 to 4315.0 region. Support should appear near the 4183.00 to 4163.00 region.
JUNE E-MINI NASDAQ 100
Support should appear near 3682.00 to 3663.00. Resistance is at 3734.00 to 3743.00 and the 3795.0 to 3806.00 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1130.00 to 1136.00.
Support should appear near 1115.50 and 1101.00 to 1096.00.
SEPTEMBER 30 YR BONDS
Resistance should appear near 136-21 and 137-07. Support should appear near 136-07 and 135-21.
SEPTEMBER 10 YR NOTE
Resistance should appear near 125-07 and 125-21.
Support should appear near 124-07 and 123-21.
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 the 13460 to 13340 region.Resistance is at 13615 and 13687
JUNE SWISS FRANC
Resistance should appear near 11155 and 11300 to 11360.
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.
JUNE CANADIAN DOLLAR
Resistance should appear near 9237 and the 9316 to 9347 region. Support should appear near 9156 to 9140.
JUNE AUSSIE DOLLAR
Support should appear near 9231 and 9156 to 9140 Resistance should appear near 9316 to 9347.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1253.0 and 1268.0 to 1274.0
Support should appear near 1238.0 to 1232.0
JULY COPPER
Resistance should appear near the 31940 to 32130 region.
Support should appear near 31570 to 31480
JULY SILVER
Support should appear near the 1822.0 to 1808.0 region.
Resistance is at 1902.0 to 1909.0.
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 28740 and 28290 to 28200. Resistance should appear 28830 and 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 4.639 to 4.650.
Support should appear near 4.446 to 4.425.
THE GRANDE’ GRAINS
JULY SOYBEANS Support 1496 to 1484
Resistance should appear near 1512 ½ and 1529 to 1535.
AUGUST SOYBEANS
Support should appear near 1421 to 1415
Resistance should appear near 1437 and 1453 to 1459
NOVEMBER SOYBEANS Support should appear near 1217 1/2 and the 1203 to 1192 region.
Resistance should appear near 1232 to 1238
JULY SOYOIL Resistance should appear near 3909 to 3929. Support should appear near 3806 to 3795.
JULY SOYMEAL
Resistance should appear near 512.7 to 513.9.
Support should appear near 492.6 to 491.5
AUGUST SOYMEAL
Resistance should appear near 477.5 to 478.5 and the 484.5 to 485.6 region.
Support should appear near 471.7 to 469.5 and the 458.2 to 457.1 region.
JULY CORN
Support should appear near 465 to 463 ¾ and the 458 ¼ to 457 ¼ region. Resistance should appear near 469 ½ to 471 ¾
JULY WHEAT
Support should appear near 619 to 616 ½ and the 603 ½ to 602 ¾ region. Resistance should appear near 633 ¾ to 635 and 665 ¾ to 667 ¼
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support should appear near 13830 to 13770. BW Traders can buy at 13837 for a bounce and risk a close under 13767 for three days in a row.
Resistance should appear near 13990 and the 14150 to 14210 region.
OCTOBER CATTLE Support should appear near 14210 to 14150
Resistance should appear near 14400 and the 14530 to 14590.
JULY HOGS
Support should appear near 12030 to 11920, a close under is negative and augurs for a test of 11690 to 11640.. Resistance should appear near 12102 and 12175.
AUGUST HOGS
Support should appear near 12380 to 12320. Resistance should appear near the 12680 to 12740 region.
OCTOBER HOGS
Support should appear near 10582 and 10472
Resistance should appear near 10677 and 10812
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 18080 to 18220
Support should appear near the 16960 to 16890 region
JULY COCOA
Resistance should appear near 3092 to 3102
Support should appear near 3045 to 3036. BW Traders should go long if a close over 3103 occurs.
JULY SUGAR
Resistance is near 1731 to 1738 Support should appear near 1696 to 1689.
JULY COTTON
Support should appear near 8589 to 8560. Resistance is at 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
Monday June 2, 2014 3:45 PM South Florida Beach Time
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