FuturesCom  Bi-Weekly Investment Outlook # 396 Sunday May 20 2012  SP500 and  Equity Indices • Bonds • Forex • Precious Metals • Energy • Grains • Livestock • Coffee •  Sugar • Cocoa  • Cotton. Free Two Week Trial  see https://futurescom.com/free-trial-2 .

Saturday May 19, 2012
5:00 AM South Florida Beach Time
Stay tuned for updates and flashes in all markets.  

 THE SENSATIONAL STOCK AND BOND MARKETS 
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,320.00, below that buyers should appear near the 12,030.00 to 11,920.00 region. Failure there augurs for a test of 11,699.00 to 11,640.00.

Nearby Resistance should appear near 12,380 and 12,530.00. Beyond that sellers should appear near the 12,680 to 12,740.00 region.

JUNE E-MINI SP500
Resistance should appear near 1304.00 to 1310 and 1322.00. A close over is friendly and augurs for a test of 1334.00 to 1346.00. Beyond that sellers should appear near 1361.5 and the 1377.00 to 1383.00 region, which should cap a rally.
Support should appear near 1274.00 to 1268.00, failure there augurs for a test of 1238.00 to 1232.00.

A close under is negative and indicates a test of 1203.00 to 1192.00, which should contain a decline.

NASDAQ COMPOSITE
Resistance should appear near 2820.00 to 2829.00 and the 2874.00 to 2883.00 region. Beyond that sellers should appear near 2928.00 to 2937 and cap a rally.

Support should appear near 2775.00 to 2758.00 and the 2724.00 to 2716.00 region.
Below that a test of 2672.00to 2663.00 and the 2620.00 to 2612.00 region is likely to occur, which should hold. .
JUNE E-MINI NASDAQ 100
Support should appear near 2461.00 and the 2419.00 to 2411.00 region. Below that a test of the 2370.00 to 2354.00 region is likely.
Resistance should appear near 2511 to 2519 and the 2552.00 to 2568.00 region. Beyond that sellers should appear near 2612.00 to 2620 and cap a rally.

JUNE E-MINI RUSSELL 2000
Resistance should appear near 748.60 to 751.30 and the 759.70 to 760.10 region. Beyond that sellers should appear near 767.50 to 768.90 and the 776.30 to 777.70 region and cap a rally.
Support should appear near the 742.80 to 741.40 and the 733.20 to 732.80 region. Below that a test of 717.00 to 714.30 is likely. Trade accordingly.

JUNE 30 YR BOND
Resistance should appear near 148-21 and 149-07. Beyond that sellers should appear near 149-21 and 150-07 which should cap a rally.

Support should appear near 147-07 and 146-21. Below that a test of 145-21 and 145-07 is likely

JUNE 10 YR NOTE
Resistance should appear near 134-07 and 134-21. Beyond that sellers should appear near 135-21 cap a rally.
Support should appear near 133-07 and 132-21, a close under is negative and augurs
for a test of 131-21 which should hold for now.

        THE FRENZIED FOREX FRONT

JUNE DOLLAR INDEX
Resistance should appear near 8194 to 8223. A close over is friendly and augurs for a test of 8300
to 8314.
Support should appear near the 8134 to 8119 below that buyers should appear near 8044 to 8029 and contain a decline.

Traders should go long if a close over 8227 occurs

JUNE JAPANESE YEN
Resistance should appear near the 12680 to 12740 region. Beyond that sellers should appear near 12890 and the 13040 to 13100 region.
Support should appear near 12530, a close under is negative and augurs for a test of the 12380 to 12320 region. .

JUNE EURO CURRENCY
Support should appear near 12740 to 12680, an extended trade under is negative and augurs for a test of 12530 and eventually the 12380 to 12320 region.
Resistance should appear near 12890. Traders can sell at 12890 and hold for lower prices. Beyond that sellers should appear near 13040 to 13100 and 13220.

JUNE SWISS FRANC
Resistance should appear near 10680 and 10820… Traders can sell at 10817 for a turn lower and hold for lower prices… Beyond that sellers should appear near 10890 and the 10960 to 11010 region.
Support should appear near 10580, an extended trade under is negative and augurs for a test of 10470 and eventually the 10360 to 10320 region. Traders should go short if a close under 10577 occurs

JUNE BRITISH POUND
Support should appear near 15760 to 15690… Below that a trade towards 15525 and eventually the
15350 to 15290 region is likely
Resistance should appear near 15925 and the 16090 to 16150 region, which should cap a rally.
Traders can sell at 15917 and initially plan on a risk if close over 15932 occurs for three days in a row.

JUNE CANADIAN DOLLAR
Resistance should appear near 9821 to 9837 and the 9921 to 9937 region… Beyond that sellers should appear near 10021 to 10037.
Nearby Support should appear near 9737 to 9706 failure there augurs for an eventual test of 9347 to 9316. Stay tuned for flashes

JUNE AUSSIE DOLLAR
Resistance should appear near 9821 to 9837 and the 9921 to 9937 region. Beyond that sellers should appear near 10021 to 10037.

Nearby Support should appear near 9737 to 9706 failure there augurs for an eventual test of 9347 to 9316. Stay tuned for flashes…

Stay tuned for Flashes ….

            THE PRECIOUS METALS

AUGUST GOLD
Resistance should appear near 1609 to 1615 and the1642 to 1655 region. Traders can sell at 1641 and initially plan on risking a close over 1657 for three days in a row.
Support is near 1576 to 1569 and the 1535 to 1529 region. Below that a test of 1496 to 1484 is likely.

JULY COPPER
Resistance should appear near 35530 to 35630 and the 36130 to 36230 region. Beyond that sellers should appear near 36630 to 36820 and the 37340 to 37430 region and cap a rally.
Support should appear near 34430 to 34250 and the 33860 to 33770 region. Below that buyers should appear near 32700 to 32610 and the 31570 to 31480 and contain a decline.

JULY SILVER
Resistance should appear near 2874 to 2883 and the 2928 to 2937 region. Beyond that
sellers should appear near 2972 to 2990 and cap a rally…
Support is at 2829 to 2820 and the 2775 to 2758 region.  Below that a test of 2724 to 2716 is likely.

THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9316 to 9347 and the 9429 to 9445 region. Beyond that sellers should appear near 9706 to 9737 and cap a rally.
Support should appear near 9156 to 9140 and the 9060 to 9044 region. Below that buyers should appear near 8964 to 8934. Traders can buy at 9065 and risk a close under 8930 for three days in a row.
JULY HEATING OIL
Support should appear near the 28290 to 28200 and the 27240 to 27160 region. Below that buyers should appear near 26720 to 26630 and the 26100 to 26120 region, which should hold…

Resistance should appear near 28740 to 28830 and the 29280 to 29730 region. Beyond that sellers should appear near 29720 to 29900 and the 30360 to 30450 region, which should cap a rally.

Trade accordingly

JULY UNLEADED GAS
Support should appear near 28200 and the 2775 to 27580 region. Below that buyers should appear near 26720 to 26630 and 25680 to 25520

Resistance should appear near the 29280 to 29370 region. Beyond that sellers should appear near 30360 to 30450 and 31480 to 31570.

JULY NATURAL GAS
Resistance should appear at 3036 to 3045 and 3148 to 3157.
Support should appear near 2672 to 2663 and 2568 to 2552

 

THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1383 to 1377 and 1346 to 1334… Below that a test of 1310 to 1304 is likely.
Resistance should appear near 1415 to 1421 and the 1453 to 1459 region… Beyond that sellers should appear near 1484 to 1496 and cap a rally.

JULY SOYMEAL
Resistance should appear near 423.8 to 424.9 and the 430.4 to 431.5 region. Beyond that sellers should appear near 442.4 to 444.6 and cap a rally.

Support should appear near the 412.2 to 411.0 region. A close under is negative and augurs for a test of 399.2 to 398.2 region.

JULY BEAN OIL
Support should appear near 4995 to 4973 and the 4926 to 4915 region. A close under is negative and augurs for a test of 4856 to 4845 and eventually the 4785 to 4775 region.
Resistance should appear near the 5056 to 5067 and the 5127 to 5139 region. Beyond that sellers should appear near 5200 to 5211 and cap a rally.  Traders can sell at 5197 and hold for lower prices.

JULY CORN
Support should appear near 595 ¾ to 594 ½, a close under augurs for a test of 588 to 585 ½ and eventually the 572 ¾ to 571 ¾ region. Below that buyers should appear near 557 ¾ to 555 ¼
Resistance should appear near the 648 ¼ to 650 ¾ and the 665 ¾ to 667 region.

JULY WHEAT
Resistance should appear near 732 ¾ to 734 ¼ and the 776 ¼ to 777 ¾ region.
Support should appear near 667 ¼ to 665 ¾ and 635 to 633 ¾

Stay tuned for Grain Flashes

THE LIVELY LIVESTOCK

JUNE CATTLE
Support should appear near 11822 and the 11690 to 11640 region.
Resistance should appear near 12030 and 12157. Beyond that sellers should appear near 12320 to 12380.

AUGUST CATTLE

Support should appear near the 12030 to 11920 region.
Resistance should appear near 12320 to 12380 and 12530

JUNE HOGS
Support should appear near 8682 to 8667 and the 8592 to 8557 region , a close under is negative and augurs for a test of 8317 to 8302.
Resistance should appear near 8772 to 8777 and the 8852 to 8872 region, which should cap a rally.
Beyond that sellers should appear near 8932 to 8967.

JULY HOGS
Support should appear near 8777 to 8762  .Below that buyers should appear near 8667 to 8682
failure there indicates a test of 8592 to 8552 and eventually the 8502 to 8482 region.
Resistance should appear near 8932 to 8967 and the 9042 to 9062 region which should cap a rally.

 OCTOBER HOGS
Support should appear near 7957 to 7932 and the 7867 to 7832 region. Below that a test of 7777 to 7762 is likely and should contain a decline.

Resistance should appear near 8300 to 8317 and the 8392 to 8407 region.  Traders can sell at 8297 and hold for lower prices.
Stay tuned for Livestock Flashes and Updates.

THE SATISFYING SOFTS
JULY COFFEE
Support should appear near the 17380 to 17310 and the 16960 to 16890 region.
Resistance should appear near 18080 to 18220 and the 19020 to19090 region.

JULY COCOA
Resistance should appear near the 2315 to 2322 region. Beyond that sellers should appear near 2354 to 2370 and cap a rally. Traders can sell at 2347 and risk a close over 2377 for three days in row.
Support should appear near 2185 to 2170 and 2089 to 2080.

JULY SUGAR
Support is at 2042 to 2034 and the 1996 to 1982 region… Below that buyers should appear near 1909 to 1902.
Resistance should appear near 2126 to 2134 and the 2219 to 2226 region. Beyond that sellers should appear near 2267 to 2275.

JULY COTTON
Support should appear near 7689 to 7675… Below that a test of 7513 to 7486 and the 7342 to 7328 region is likely.
Resistance should appear 7939 to 7954 and the 8029 to 8044 region. Traders can sell at 8025 and hold for lower prices .. Beyond that sellers should appear near 8300 to 8314.

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
Sunday May 20, 2012
12:00 Noon South Florida Beach Time 

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FuturesCom Bi-Weekly Investment Outlook  Sunday May 20, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs

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