FuturesCom  Bi-Weekly Investment Outlook # 397 Sunday June 03 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 .

“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.

 

Saturday June 02, 2012
7:00 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 the 12,030.00 to 11,920.00 region. Failure there augurs for a test of 11,699.00 to 11,640.00.

Resistance should appear near 12,320.00 to 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 1289.00 and the 1304.00 to 1310 region. A close over is friendly and augurs for a test of 1322.00 and 1334.00 to 1346.00 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 2758.00 to 2775.00 and the 2820.00 to 2829.00 region.
Beyond that sellers should appear near 2874.00 to 2883.00 and cap a rally.

Support should appear near the 2724.00 to 2716.00 region. Below that a test of 2672.00 to 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 the 2419.00 to 2411.00 region. Below that a test of the 2370.00 to 2354.00 region is likely and should contain a decline.
Resistance should appear near 2461.00 to 2469.00 and the 2511 to 2519 region. Beyond that sellers should appear near 2552.00 to 2568.00 and cap a rally.

JUNE E-MINI RUSSELL 2000
Resistance should appear near 741.60 to 742.80 and 748.60 to 751.30. Beyond that sellers should appear near 759.70 to 760.10 and the 767.50 to 768.90 region and cap a rally.
Support should appear near the 733.20 to 732.80 and the 725.50 to 724.20 region. Below that a test of 717.00 to 714.30 is likely. Trade accordingly.

SEPT 30 YR BOND
Resistance should appear near 152-21 and 153-07. Beyond that sellers should appear near 154-07 and 154-21 which should cap a rally.

Support should appear near 151-21 and 150-07. Below that a test of 149-21 and 149-07 is likely

SEPT 10 YR NOTE
Resistance should appear near 135-21 and 136-07. Beyond that Sellers should appear near 136-21 and 137-07 which should cap a rally
Support should appear near 134-07 and 133-2. Below that buyers should appear near 132-21 a close under is negative and augurs for a test of 131-07 which should hold for now.
        THE FRENZIED FOREX FRONT

 

 

SEPT DOLLAR INDEX
Resistance should appear near 8391 to 8406 and the 8484 to 8499 region.
Support should appear near the 8314 to 8300 and 8223 to 8194. Traders can buy at 8227 and risk a close under 8187 for three days in a row. Below that buyers should appear near 8134 to 8119 and contain a decline.  Stay tuned for flashes
SEPT JAPANESE YEN
Resistance should appear near 12890 and the 13040 to 13100 region.
Support should appear near 12740 to 12680 a close under is negative and augurs for a test of the 12530 and the 12380 to 12320 region.

Traders should go short if a close under 12677 occurs

 

 

 

SEPT EURO CURRENCY
Support should appear near 12380 to 12320 an extended trade or close under is negative and augurs for a test of 12175 and eventually the 12030 to 11920 region.
Resistance should appear near 12530. Traders can sell at 12527 for a turn lower and hold for lower prices. Beyond that resistance should appear near 12605 and the 12680 to 12740 region.

 

SEPT SWISS FRANC
Resistance should appear near 10470 and 10580 to 10680. Traders can sell at 10577 and risk a close over 10687 for three days in a row.
Support should appear near 10360 to 10320, a close under is negative and augurs for a test of 10237 and eventually the10185 and 10136 to 10104. Traders should go short if a close under 10317 occurs

SEPT BRITISH POUND
Support should appear near 15350 to 15290, below that a test of 15115 and eventually the 14960 to 14840 region, which should hold.
Resistance should appear near 15525 and the 15690 to 15760 region, which should cap a rally.

SEPT CANADIAN DOLLAR
Resistance should appear near 9625 to 9641 and 9706 to 9737. Beyond that sellers should appear near 9821 to 9837.
Support should appear near 9526 to 9542 and the 9347 to 9316 region. Stay tuned for flashes

SEPT AUSSIE DOLLAR
Resistance should appear near 9706 to 9737 and 9821 to 9837 Beyond that sellers should appear near the 9921 to 9937 region.

Nearby Support should appear near 9542 to 9526 failure there augurs for an eventual test of 9347 to 9316.

Stay tuned for Flashes ….

            THE PRECIOUS METALS

 

AUGUST GOLD
Resistance should appear near the1642 to 1655 region. Traders can sell at 1641 for a turn lower and initially plan on risking a close over 1657 for three days in a row.
Support is near 1615 to 1609.  Below that a test of 1576 to 1569, which should hold for now

JULY COPPER
Resistance should appear near 33770 to 33860 and the 34430 to 3425 region, beyond that sellers should appear near 34930 to 35030 and cap a rally.
Support should appear near 32700 to 32610 and the 31570 to 31480 region 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 8391 to 8406 and the 8484 to 8499 region. Beyond that sellers should appear near 8934 to 8964 and cap a rally.
Support should appear near 8314 to 8300 and 8223 to 8194. Below that buyers should appear near 8044 to 8029 and the 7954 to 7939 region.

JULY HEATING OIL
Support should appear near the 26100 to 26120 region, which should hold, below that a test of 25680 to 25520 and 24690 to 24610 is likely

Resistance should appear near 26630 to 26720 and the 27160 to 27240 region. Beyond that sellers should appear near the 28200 to 28290 region which should cap a rally. Trade accordingly

JULY UNLEADED GAS
Support should appear near 25680 to 25520 and the 25190 to 25110 region… Below that a test of 24190 to 24110 is likely

Resistance should appear near the 27160 to 27240 and the 2800 to 28290 region. Beyond that sellers should appear near 28740 to 28830 and cap a rally

JULY NATURAL GAS
Resistance should appear at 2275 to 22680 and the 2185 to 2170 region. Below that a test of 1996 to 1982 is likely.
Support should appear near 2411 to 2419 and the 2552 to 2568 region. Beyond that sellers should appear near 2672 to 2663 and cap a rally.

 

THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1334… Below that a test of 1310 to 1304 is likely, failure there is negative and augurs for a test of 1274 to 1268.
Resistance should appear near 1377 to 1383 and 1415 to 1421

JULY SOYMEAL
Resistance should appear near 404.6 to 405.6 and 411.0 to 412.2. Beyond that sellers should appear near 423.8 to 424.9 and cap a rally.
Support should appear near the 386.7 to 385.8 and the 374.3 to 373.4 region. Below that a buyers should appear near 362.3 to 361.3

 

 

JULY BEAN OIL
Support should appear near 4856 to 4845 and the 4785 to 4775 region, below that a test of 4717 to 4695 and the 4650 to 4639 region is likely
Resistance should appear near the 4915 to 4926 and 5056 to 5067 region. Beyond that sellers should appear near 5127 to 539 and cap a rally.  Traders can sell at 5122 and hold for lower prices.

 

 

JULY CORN
Support should appear near 543 to 541 ¾ and the 535 ¾ to 534 ½ region. A close under augurs for a test of 513 ¾ to 512 ½
Resistance should appear near the 571 ¾ to 572 ¾ and the 585 ½ to 588 region. Beyond that sellers should appear near 602 ¼ to 603 ½ and cap a rally.

 

JULY WHEAT
Resistance should appear near 633 ¾ to 635 and the 657 ¾ to 659 region
Support should appear near 603 ½ to 602 ¼ and the 595 ¾ to 594 ½ region

Stay tuned for Grain Flashes

THE LIVELY LIVESTOCK

 

AUGUST CATTLE
Support should appear near 11920 and 11817, a close under augurs for a test of the 11690 to 11640 region.
Resistance should appear near 12030 and 12157. Beyond that sellers should appear near 12320 to 12380.

JULY HOGS
Support should appear near 9062 to 9037, failure there indicates a test of 8967 to 8932 and 8872

to 8857
Resistance should appear near 9237 and the 9312 to 9347 region

OCTOBER HOGS

Support should appear near 8137 to 8117 and the 7867 to 7832 region.

Resistance should appear near 8300 to 8317 and the 8392 to 8407 region.

Stay tuned for Livestock Flashes and Updates.

 

 

THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near the 15760 to 15690 and the 15350 to 15329 region.  A close under is negative and augurs for a test of 14960 to 14840 and eventually the 14590 to 14530 region.
Resistance should appear near 16090 to 16150 and 16420 to 16550. Traders can sell at 16410 and hold for lower prices.  Beyond that sellers should appear near the 16890 to 16960 region.

 

SEPT COCOA
Resistance should appear near the 2170 to 2185 and 2219 to 2226. Beyond that sellers should appear near 2267 to 2275 and cap a rally. Traders can sell at 2263 and risk a close over 2377 for three days in row.
Support should appear near 2042 to 2034 and the 1996 to 1982 region. Below that a test of 1953 to 1948 and the 1909 to 1902 region is likely. .

 

OCTOBER SUGAR
Support is at 1909 to 1902 and the 1865 to 1848 region.  Traders can buy at 1911 and risk a close under 1857 for three days in a row, below that buyers should appear near 1822 to 1808.
Resistance should appear near 1953 and the 2034 to 2042 region. Beyond that sellers should appear near 2080 to 2089 and the 2126 to 2134 region.

JULY COTTON
Support should appear near 6673 to 6659 and the 6350 to 6337 region
Resistance should appear 6906 to 6919 and the 6990 to 7003 region. Beyond that sellers should appear near 7074 to 7088 and the 7328 to 7342 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
Sunday June 03, 2012
1:30 PM South Florida Beach Time 
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FuturesCom Bi-Weekly Investment Outlook  Sunday June 03, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs

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