Morning Investment and Day Trading Comments Tuesday May 27, 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—
Friday May 23, 2014 1:00 PM, South Florida Beach Time. Stay nimble and stay tuned for Flashes and Updates over the holiday weekend. Analysis for Bonds and Notes has rolled to September and Gold Analysis has rolled to August.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 16,550.00 to 16,420.00, below that a test of 16,287 is likely.
Resistance is at 16,720.00 and the 16,890.00 to 16,960.00 region, where sellers should appear and cap a rally. .
JUNE E-MINI SP500
Resistance is at the 1902.00 to 1909.00, a close over is friendly and augurs for a test of 1946.00 to 1953.00 region, where sellers should appear and cap a rally. BW Traders can sell at 1945.75 and risk a close over 1954.25 for three days in a row. Support should appear near 1883.50 and the 1865.00 to 1858.00 region.
NASDAQ COMPOSITE
Resistance should appear at 4238.00 to 4240.00
Support should appear near 4110.00 to 4120.00
JUNE E-MINI NASDAQ 100
Support should appear near 3553.00 and the 3623 to 3613 region. Resistance is 3682 region. Beyond that sellers should appear near the 3734.00 to 3743.00 region cap a rally.
JUNE E-MINI RUSSELL 2000
Resistance should appear at 1130.00 to 1136.00, a close over is friendly and augurs for a test of 1164.00 to 1169.00. Support should appear near the 1101.00 to 1096.00 region.
SEPTEMBER 30 YR BONDS
Resistance should appear near 136-21 and 137-07. Support should appear near 135-21 and 135-07
SEPTEMBER 10 YR NOTE
Resistance should appear near 125-21. Above that a test of 126-07 is likely Support should appear near 124-21 and 124-07
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8081 and 8119 to 8134.
Support should appear near 7991 and 7954 to 7939.
JUNE JAPANESE YEN Resistance should appear near 9921 to 9937. Support should appear near 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 16812 and 16720. Resistance remains near 16890 to 16925 and 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 9228 and 9316 to 9347.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near the 1304 to 1310 region.
Support should appear near the 1274.0 to 1268.0 region.
JULY COPPER Resistance should appear near 31940 to 32130.
Support should appear near 31570 to 31480 and 31020 to 30920
JULY SILVER
Support should appear near 1909.0 to 1902.0
Resistance is at 1982.0 to 1996.0
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 Resistanceshould appear near 11155 and 11300 to 11360 Supportshould 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 29900 to 29720 and 29550
Resistance should appear near 30360 to 30450
JULY NATURAL GAS
Resistance should appear 4.425 to 4.446
Support should appear near 4.120 to 4.110
THE GRANDE’ GRAINS
JULY SOYBEANS Support should appear near the 1496 to 1484
Resistance should appear near 1529 to 1535
AUGUST SOYBEANS
Support should appear near 1421 to 1415
Resistance should appear near 1453 to 1459 Trade Accordingly
NOVEMBER SOYBEANS Support should appear near 1253 and 1238 to 1232
Resistance should appear near 1268 to 1274 and 1304 to 1310
JULY SOYOIL Resistance should appear near the 4163 to 4183 region. Support should appear near the 3992 to 3982 region
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 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 643 to 641 ¾ Resistance should appear near 680 ¾ to 683 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 13617 and 13532
Resistance should appear near 13770 to 13830.
AUGUST CATTLE Support should appear near the 13537 and 13460 to 13340
Resistance should appear near 13770 to 13830
JUNE HOGS
Support should appear near 11640 then 11502 and 11360 to 11320
Resistance should appear near 11687 then 11772 and 11807
JULY HOGS
Support should appear near 12320 then 12172 and 12032 to 11922 Resistance should appear near 12457 then 12527 and 12680 to 12740.
AUGUST HOGS
Support should appear near 12537 and 12457 Resistance should appear near 12737 and 12890.
THE SATISFYING SOFTS
JULY COFFEE
Resistance should appear near 18580 to 18650
Support should appear near 18090 and 17800 to 17740
JULY COCOA
Resistance should appear near 3036 to 3045 and the 3092 to 3102 region
Support should appear near 3013 and 2990 to 2972
JULY SUGAR
Resistance is near 1774 to 1780 and 1808 to 1822.
Support should appear near 1738 to 1731 and 1696 to 1689
JULY COTTON
Support should appear near 8499 to 8484 and the 8406 to 8391 region. Resistance is at the 8668 to 8683 and the 8762 to 8777 region.
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
Friday May 23, 2014 2:00 PM South Florida Beach Time
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