FuturesCom
Morning Investment Comments
Wednesday April 20, 2011
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains •
Livestock • Softs
"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-
Tuesday April 19, 2011
6:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support
should appear near 12,030.00 to 11,920.00
Resistance
should appear near 12,320.00
to 12,380.00
jUNE
e-Mini sp500
Resistance should appear near 1322.00.
Day Traders can sell at 1321.75 for a
turn lower , stay tuned for a stop Beyond that sellers should appear near
the 1334.00 to 1346.00 region.
BW Traders can sell at 1345.75 and risk a close over 1362 for three days in
a row
Support should appear at near
1310.00 to 1304.00 Day Traders can buy at 1310.25 and hold for higher
prices.Stay tuned for a stop . Below that buyers should appear near the
1274.00 to 1268.00 region . BW Traders can buy at 1274.75 for a bounce
and risk a close under 1267.00 for
three days in a row.
NAsdaq Composite
Resistance
should appear near 2758 to
2775.00
Support should appear near 2724.00 to 2716.00
jUNE E-Mini NasdaQ 100
Resistance
should appear near 2354.00 to 2370.00
Support
should appear near 2322.00 to 2315.00
JUNE E-Mini RUSSELL 2000
Resistance
should appear near the 830.00
to 831.40 region
Support should appear near the 813.40 to 811.90 region
JUNE 30 YR BOND
Resistance should appear near 122-07 and 122-21
Support should appear near 120-21
and 120-07
June 10 yr Note
Resistance
should appear near 120-21 and
121-07
Support should appear near 119-21
and 119-07
The Frenzied Forex Front
June dOLLAR iNDEX
Resistance
should appear
near 7587 to 7601
Support should appear near 7513 to 7486
June JAPANESE Yen
Resistance
should appear
near 12175 and 12320 to 12380
Support should appear near 12030 to 11920
June EURO currency
Support
should appear near 14210 to 14150 and 13990
Resistance should appear near
14370 and 14530 to 14590
June SWISS FRANC
Resistance
should appear near the11300 to 11360 region
Support should appear near the
11010 to 10960 region
JUNE BRITISH POUND
Support should appear near
16150 to 16090. BW Traders can
buy at
16150, risk a close under 16087 for three days in
row.
Resistance should appear near
16420 to 16550 BW Traders can sell at
16417, Risk a close over 16552 for three days in row.
JUNE CanadIAN Dollar
Resistance
should appear
near 10470 and10580 to 10630
Support should appear near 10360
to 10320
JUNE AUSSIE DOLLAR
Resistance should appear near the10580 to 10680
region
Support should appear near 10470
and 10360 to 10320
The Precious Metals
JUNE gold
Resistance
should appear near 1512.5.
Beyond that a test of 1529.0 to 1535.0 is likely.
Support is near 1484.0 and 1471.5. Day traders can buy at 1485 and
risk 9.00 dollars
MAY COPPER
Resistance should
appear near 43040 to 43150 and 43700 to 43810
Support should appear near 41830
to 41630 41200 to 41100
MAY Silver
Resistance
should appear near 4425.0 to
4446.0 and the 4503.0 to 4514.0 region
Support is at 4381 to 4370 and the 4315 to 4303 region.. Day Traders
can buy at 4317 for a bounce and hold for higher prices.
The Exciting Energies
June Crude
Oil
Resistance should
appear near 10960 to 11010
Support should appear near 1`0825 and 10680
to 10580
MAY HeaTING Oil
Support
should appear at 31570 to 31480 and 31020 to 30920
Resistance should appear near
31940 to 32130 and 32610 to 32700
MAY
UNLEADED Gas
Support
should appear near 32130
to 31940
Resistance should appear near
33190 to 33280
MAY NATURAL Gas
Support
should appear at 4183 to 4163
and 4056 to 4046
Resistance should appear near
4370 to 4381 and 4503 to 4514
THE GRANDE’ GRAINS
JULY SOYBEANS
Resistance
should appear 1377 to 1383
Support should appear near 1346
to 1334
JULY SOYMEAL
Resistance should appear near 361.3 to 362.3
Support should appear near 350.3
to 349.3 and 344.3 to 342.5
JULY BEAN OIL
Resistance should appear near 5855 to 5880
Support should appear near 5805
to 5792
JULY CORN
Resistance should appear near 767 ½ to 768 ¾ and 776 ¼ to 777 ¾
Support should appear 742 3/43 to
741 ½ and 734 ¼ to 732 ¾
JULY WHEAT
Resistance
should appear near 830 to
831 ½ and 848 ½ to 849 ¾
Support should appear near 804 ½
to 802 ¾ and 786 ½ to 783 ¾
Stay tuned for Flashes and additional Ideas for Grain Markets
THE
LIVELY LIVESTOCK
JUNE CATTLE
Support should
appear near 11690 to 11640
Resistance should appear near
11920 to 12030
JUNE HOGS
Resistance
should appear near
10320 to 10360
Support should appear near 10137
to 10107
JULY HOGS
Resistance
should appear near
10237 and 10317 to 10357
Support should appear near 10137
to 10102 and 10037 to 10022
The Satisfying Softs
JULY COFFEE
Support should appear near 28290
to 28200
Resistance should appear near
30360 to 30450
JULY COCOA
Resistance should appear near
3092 to 3102
Support should appear
near 2990 to 2972
JULY SUGAR
Resistance is at 2315 to 2322
Support should appear near 2226
to 2219
JULY COTTON
Resistance
should appear near 17740
to 17800
Support should appear near 16550
to 16420
--A Ship in Harbor is Safe...But that
is not what ships are built for --
Happy Trading!
Bill
wil@futurescom.com