Morning Investment and Day Trading Comments Tuesday May 20, 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
“If everyone is thinking alike, then somebody isn’t thinking”.
–George S. Patton–
Monday May 19, 2014 3:00 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 16420.00 and the 16,150.00 to 16,090.00.
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. 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 3563.00 to 3553.00
Resistance is at 3623.00, a close over is friendly and augurs for a test of the 3663 to 3682 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1130.00 to 1136.00 Support should appear near 1101.00 to 1096.00.
JUNE 30 YR BONDS
Resistance should appear near 137-24 and 138-07. Support should appear near 136-21 and 136-07
JUNE 10 YR NOTE
Resistance should appear near 126-07. Above that a test of 126-21 is likely Support should appear near 125-07 and 124-21.
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, beyond that a test of 10021 to 10037 is likely.
Support should appear near 9837 to 9821 and 9737 to 9706.
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 16720 and the 16550 to 16420 region. BW Traders can buy at 16557 for a bounce and hold for higher prices.
Resistance remains near the 16890 to 16960 region and should cap rallies.
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.
Stay tuned for Forex Flashes.
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 31940 to 32130.
Support should appear near 31020 to 30920.
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 10228 and 10320 to 10360
Support should appear near 10136 to 10104
JULY BRENT CRUDE OIL
Resistance should appear near 10960 to 11010.
Support should appear near10815, below that buyers should appear near the 10680 to 10580 region
JULY HEATING OIL
Support should appear near should appear near 29370 to 29280 and 28830 to 28740. Resistance should appear 29720 to 29900.
JULY UNLEADED GAS
Support should appear 29370 to 29280 and the 28830 to 28740 region.
Resistance should appear near 29720 to 29900, beyond that a test of 30360 to 30450 is likely.
JULY NATURAL GAS
Resistance should appear 450.3 to 451.4 and 463.9 to 465.0
Support should appear near 438.1 to 437.0 and 431.5 to 430.4
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near 1471 ½ and the 1459 to 1453 region.
Resistance should appear near 1496 and 1512 ½
AUGUST SOYBEANS
Support should appear near 1415 then 1399 and the 1383 to 1377 region.
Resistance should appear near 1437 and the 1453 to 1459 region.
Trade Accordingly
NOVEMBER SOYBEANS Support should appear near 1232 and 1217 1/2
Resistance should appear near 1238, a close over is friendly and augurs for a test of 1253.
JULY SOYOIL Resistance should appear near 4110 to 4120. Support should appear near the 3992 to 3982 region.
JULY SOYMEAL
Resistance should appear near 491.5 to 492.6, beyond that a test of 497.3 to 499.5
Support should appear near 485.6 to 484.5 and 478.5 to 477.5.
AUGUST SOYMEAL
Resistance should appear near 469.5 to 471.7
Support should appear near 458.2 to 457.1. Trade Accordingly
JULY CORN
Support should appear near 477 ½ and 465 to 463 ¾ Resistance should appear near 491 ½ to 492 ¾ and the 505 ¾ to 506 ¾ region.
JULY WHEAT
Support should appear near 667 3/4 to 665 3/4 and 659 ¼ to 657 ¼ Resistance should appear near 690 ¾ to 691 ¾ and 707 ½ to 708 3/4
Stay tuned for Grain Flashes
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 12380 to 12320. Resistance should appear near 12680 to 12740.
AUGUST HOGS
Support should appear near 12380 to 12320 and 12030 to 11960. Resistance should appear near 12680 to 12740 and 13040 to 13100.
Stay tuned for Livestock flashes.
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 19020 to 19090.
Support should appear near 18220 to 18080 and the 17800 to 17740 region and should bring out buyers and contain a decline.
JULY COCOA
Resistance should appear near 2937, a close over is friendly and augurs for a test of 2972 to 2990.
Support should appear near 2883 to 2874
JULY SUGAR
Resistance is near 1808 to 1822. Support should appear near 1774. Below that buyers 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
Monday May 19, 2014 4:05 PM South Florida Beach Time
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