Morning Investment and Day Trading Comments Wednesday May 07, 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

Tuesday May 06, 2014 2:00 PM, South Florida Beach Time.

                                  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 then 16,720.00 and the 16,890.00 to 16,960.00 region.
JUNE E-MINI SP500

Resistance is at 1874.00 then 1883.50 and 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, below that buyers should appear near the 1822.00 to 1808.00 region.
 

NASDAQ COMPOSITE

Resistance should now appear at 4163.00 to 4183.00.

Support should appear near 3992.00 to 3982.00
JUNE E-MINI NASDAQ 100

Support should appear near 3503.00 to 3493.00.

Resistance is at 3613.00 to 3623.00.

JUNE E-MINI RUSSELL 2000

Resistance should appear at 1130.00 to 1136.00.

Support should appear near the 1101.00 to 1096.00 region.

JUNE 30 YR BONDS

Resistance should appear near 136-21 and 137-07. Support should appear near 135-21 and 135-07

JUNE 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 7939 to 7954.

Support should appear near 7777 to 7763

 

JUNE JAPANESE YEN Resistance should appear near 9921 to 9937.

 

Support should appear near 9837 to 9821
 

 

JUNE EURO CURRENCY

Support should appear near 13830 to 13770. Resistance should appear near 13990 and 14150 to 14210

 

JUNE SWISS FRANC

Resistance should appear near 11500 and 11640 to 11690

Support is near 11430 and 11360 to 11300.

 

JUNE BRITISH POUND

Support should appear near 16960 to 16890

Resistance remains near 17042 and 17132

 

JUNE CANADIAN DOLLAR

Resistance should appear near 9316 to 9037 Support should appear near 9156 to 9140
JUNE AUSSIE DOLLAR

Support should appear near 9316 and 9237.   Resistance should appear near 9347 and 9429 to 9445                                                             

 

                                                     THE PRECIOUS METALS

JUNE GOLD

Resistance should appear near the 1334.0 to 1346.0 region.

Support should appear near 1304.00 and 1289.0

JULY COPPER Resistance should appear near 30920 to 31020.

Support should appear near 30450 to 30360 then 29900 and 29720.
 

 

 

JULY SILVER

Support should appear near 1953 to 1946. Below that a test of 1909 to 1902 is likely and should hold.

Resistance is at 2034 to 2042 and the 2080 to 2089 region.                                                                                    

 

                                                    THE EXCITING ENERGIES

JULY CRUDE OIL

Resistance should appear near 9921 to 9937 and 10021 to 10037.

Support should appear near 9737 to 9706 and the 9542 to 9526 region.

 

JULY BRENT CRUDE OIL Resistanceshould appear near 10680 and 10747

 

Supportshould appear near the 10580 and 10470

 

JUNE HEATING OIL

Support should appear near should appear near 28290 to 28200 Resistance should appear 29280 to 29370

 

JUNE UNLEADED GAS

Support should appear the 28830 to 28740 region.

Resistance should appear near 29720 to 29900.
JULY NATURAL GAS

Resistance should appear 4845 to 4856, beyond that a test of 4915 to 4926 is likely

Support should appear near 4785 to 4775 and 4717 to 4695.                                          

        

                                        THE GRANDE’ GRAINS

JULY SOYBEANS Support remains near the 1459 to 1453 region, below that buyers should appear near 1421 to 1415  and contain a decline. BW Traders can buy at 1422 for a bounce and hold for higher prices.

Resistance should appear near 1471 ½ and the 1484 to 1496 region.

 

NOVEMBER SOYBEANS Support should appear near 1218 and the 1203 to 1192 region.

Resistance should appear near 1232 to 1238.
JULY SOYOIL Resistance should appear near 4238 to 4249.          Support should appear near 4110 and the 4056 to 4046 region.
JULY SOYMEAL

Resistance should appear near 484.5 to 485.6, beyond that a test of 491.5 to 492.6 is likely

Support should appear near 471.7 to 469.5 and 465.0 to 463.9. BW Traders can buy at 465.0 for a bounce and hold for higher prices.

JULY CORN

Support should appear near 513 ¾ to 512 ½ Resistance should appear near 525 ¾ to 528 ¼

JULY WHEAT

Resistance should appear near 741 ½ to 742 ¾ and 748 ¾ to 751 ½. Support should appear near 725 ½ to 724 ¾ and 717 to 714 ¾
 

 

 

 

 

                                        THE LIVELY LIVESTOCK

JUNE CATTLE

Support should appear near 13770 and 13692.

Resistance should appear near 13830 and 13912.

 

AUGUST CATTLE Support should appear near 13772 and 13617.

Resistance should appear near 13830 and 13912

 

 

 

JUNE HOGS

Support should appear near 12257 and 12172

Resistance should appear near 12380 and 12452                       

 

AUGUST HOGS

Support should appear near 12242 and 12177. Resistance should appear near 12320 to 12380

                                       

                                              THE SATISFYING SOFTS

JULY COFFEE

Resistance should appear near 20800 to 20890

Support should appear near 19960 to 19820.

 

JULY COCOA

Resistance should appear near 2928 to 2937, a close over is friendly and augurs for a test of 2972 to 2990.

Support should appear near 2883 to 2874 and the 2829 to 2820 region.

 

 ULY SUGAR

Resistance is near 1731 to 1738 Support should appear near 1696 to 1689

JULY COTTON

Support should appear near 9347 to 9316.

 

Resistance is at 9526 to 9542

                                       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

Tuesday May 06, 2014 3:00 PM South Florida Beach Time
 

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