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FuturesCom
Morning Investment Comments
Friday June 10, 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—

Thursday June 09, 2011
2:00 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 , a close under is negative and augurs for an eventual test of 11,69.00 to 11,640.00 where buyers should appear and contain a decline .
 Resistance should appear near 12,175.00, a close over is friendly and augurs for a test of the
12,320.00 to 12,380.00 region

SEPT E-Mini sp500
 Resistance should appear near 1304.00 to 1310.00
Support should appear at near 1274.00 to 1268.00 and the 1238.00 to 1232.00 region
BW Traders can buy at 1238.50 and risk a close under 1231.75 for three days in a row


NAsdaq Composite
Resistance should appear near 2716 to 2724.00      
Support should appear near the 2672.00 to 2663.00 region. 

SEPT E-Mini NasdaQ 100
 Resistance should appear near 2267.00 to 2275.00 and 2315.00 to 2322.00
Support should appear near the 2226.00 to 2219.00 region.

SEPT E-Mini RUSSELL 2000
 Resistance should appear near 793.90 to 795.40 and the 802.90 to 804.40 region
Support should appear near 786.409 to 783.60 and the 777.70 to 776.30 region   
BW Traders can buy at 777.90 and hold for higher prices.  

SEPT 30 YR BOND
Resistance should appear near  125-21 and 126-07
Support should appear near 124-21 and 124-07 

SEPT 10 yr Note
 Resistance should appear near 123-21 and 124-07
Support should appear near 122-21 and 122-07

                              The Frenzied Forex Front
 SEPT dOLLAR iNDEX
 Resistance should appear near 7486 to 7513       
Support should appear near 7342 to 7328.   
 
 SEPT JAPANESE Yen
 Resistance should appear near the12680 to 12740 region.  
Support should appear near 12380 to 12320.                    

SEPT EURO currency
 Support should appear near the 14210 to 14150 region
Resistance should appear near the14530 to 14590 region.

SEPT SWISS FRANC
 Resistance should appear near 11920 to 12030.  
Support should appear near the 11690 to 11640 region. 

SEPT BRITISH POUND
Support should appear near 16285 and the 16210 to 16150
Resistance should appear near 16420 to 16550
SEPT CanadIAN Dollar
 Resistance should appear near 10320 to 10360
Support should appear near 10136 to 10104  
SEPT AUSSIE DOLLAR
 Resistance should appear near 10580 to 10680
Support should appear near 10360 to 10320.            

                                 The Precious Metals
 AUGUST gold
 Resistance should appear near the 1569 to 1576 region   
Support is near 1535 to 1529.00        
JulY COPPER
 Resistance should appear near 41630 to 41830 and the 42380 to 42490 region
BW Traders can sell at 42370 and hold for lower prices.
Support should appear near 40460 to 40560, below that a test of the 39090 to 39020 region is likely

July Silver 
 Resistance should appear near 3858 to 3867 and 3909 to 3929
Support is at 3682 to 3663 and 3563 to 3553                                                                           
                                    The Exciting Energies  

JUly Crude Oil
Resistance should appear near 10237 and 10320 to 10360
Support should appear 10136 to 10104 and 10037 to 10021

JUly Unleaded Gas
Support should appear near29900 to 29720 and  29370 to 29280
Resistance should appear near 30920 to 31020 and 31480 to 31570          
JUly Heating oil
Support should appear at 31020 to 30920 and 30450 to 30370.   
Resistance should appear near the 31940 to 32130 region

July NATURAL Gas
Support should appear at 4514 to 4503 and 4446 to 4425.    
Resistance should appear near 4915 to 4928 and the 5056 to 5067 region. .                                                               
 


                               THE GRANDE’ GRAINS
 JULY SOYBEANS
Resistance should appear  1415 to 1421 and the 1453 to 1459 region  
Support should appear near  1383 to 1377 and  the 1346 to 1334 region.

JULY SOYMEAL
Resistance should appear near 373.40 to 374.30 and 379.5 to 380.6
Support should appear near 356.3 to 355.3 and 350.3 to 349.3  

JULY BEAN OIL
Resistance should appear near 5855 to 5880 and 5945 to 5957           
Support should appear near 5729 to 5716 and 5653 to 5640

JULY CORN
Resistance should appear near 793 ¾ to 795 ½ and 802 ¾ to 804 ½
Support should appear near 777 ¾ to 776 ¼ and 751¼ to 748 ¾  

JULY WHEAT
Resistance should appear near 767 ½ to 768 ¾ and 793 ¾ to 795 ½
Support should appear near 734 ¼ to 732 ¾ and the 717 to 714 ¼ region.                                 

                                          THE LIVELY LIVESTOCK

August Cattle
Support should appear near 10362 to 10317
Resistance should appear near  10580 to 10680
 
JULY HOGS

Resistance should appear near 9317 to 9347 and 9427 to 9447   
Support should appear near  9237 and 9157 to 9137 .   
                                  The Satisfying Softs
 JULY COFFEE
Support should appear near  26200 to 26120  
Resistance should appear near 27160 to 27240.

JULY COCOA
Resistance should appear near 3036 to 3045 and 3092 to 3102      
Support should appear near 2937 to 2928 and 2829 to 2820    

 

JULY SUGAR
Resistance is at 2511 to 2519
Support should appear near 2322 to 2315   

JULY COTTON
Resistance should appear near  15690 to 15760  
Support should appear 14590 to 14530
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com  

Thursday June 09, 2011 2:50 PM South Florida Beach Time