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FuturesCom
Morning Investment Comments
Thursday April 21, 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-

 

Wednesday April 20, 2011
7:00 PM South Florida Beach Time
                  The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 12,360.00 to 12,320.00
 Resistance should appear near 12,530.00 and the 12, 680.00 to 12,740.00 region
jUNE e-Mini sp500
 Resistance 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 1322.00 and the 1310.00 to 1304.00 region

NAsdaq Composite
Resistance should appear near 2820.00 to 2829.00    
Support should appear near 2775.00 to 2758.00

jUNE E-Mini NasdaQ 100
 Resistance should appear near 2411.00 to 2419.00
Support should appear near 2370.00 to 2358.00  

JUNE  E-Mini RUSSELL 2000
 Resistance should appear near the 848.40 to 849.90  
Support should appear near the 831.40 to 830.00    
 
JUNE 30 YR BOND
Resistance should appear near 121-07 and 121-21
Support should appear near 120-07 and 119-21

June 10 yr Note
 Resistance should appear near 120-07 and 120-21
Support should appear near 119-07 and 118-21
                                  The Frenzied Forex Front
 June dOLLAR iNDEX
 Resistance should appear near 7486 to 7513     
Support should appear near 7428 to 7414  
 
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
Resistance should appear near 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

 JUNE CanadIAN Dollar
 Resistance should appear near 10580 to 10630            
Support should appear near 10360 to 10320   
JUNE AUSSIE DOLLAR
 Resistance should appear near 10680 and 10737
Support should appear near 10630 to 10580
 
                                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 1496 to 1484.0 and 1471.5. Day traders can buy at 1496.5 and hold for higher prices
Stay tuned for a stop..

MAY COPPER
 Resistance should appear near 43700 to 43810
Support should appear near 41830 to 41630
MAY Silver 
 Resistance should appear near 4695 to 4717 and 4915 to 4926                  
Support is at 4514 to 4503 and 4446 to 4425                                       
                                    The Exciting Energies  
June Crude Oil
Resistance should appear near  11300 to 11360

Support should appear near  11155 and 11010 to 10960
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         

JULY BEAN OIL
Resistance should appear near 5945 to 5957         
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 11500 and 11360 to 11300
Resistance should appear near 11640 to 11690 and 11805  

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 3148 to 3157      
Support should appear near 2990 to 2972  

 

JULY SUGAR
Resistance is at 2411 to 2419
Support should appear near 2322 to 2315   

 
JULY COTTON
Resistance should appear near 17310 to 17380
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  

Wednesday April 20, 2011   9:15 PM South Florida Beach Time