FuturesCom
Morning Investment Comments
Wednesday May 11, 2011
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains •
Livestock • Softs
Wednesday May 11, 2011
01:00 AM Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support
should appear near 12,740.00 to 12,680.00
Resistance
should appear near the 13,040.00 to 13,100.00
jUNE e-Mini sp500
Resistance
should appear near the 1361.50 an1377.00 to 1383.00
BW Traders can sell at 1376.75 and risk a close over 1384.25 for three days
in a row.
Support should appear at near
1346.00 to1334.00
Aggressive BW Traders can go long if a close over 1362.00 occurs
jUNE E-Mini NasdaQ 100
Resistance
should appear near 2411.00 to 2419.00. A close over is friendly and augurs
for a trade towards 2461.00 to 2469.00.
Support
should appear near 2370.00 to
2354.00.
Aggressive BW Traders can go long if a close over 2421.50
JUNE E-Mini
RUSSELL 2000
Resistance
should appear near 876.20 to 877.70
Support should appear near the 840.60 to 839.10
JUNE 30 YR BOND
Resistance should appear near 124-07. Beyond, that sellers should appear
near 124-21.
Support should appear near
123-07 and 122-21
June 10 yr Note
Resistance
should appear near 122-07 and 122-21
Support should appear near
121-07... Below that a test of 120-07 is likely
The Frenzied Forex Front
June dOLLAR iNDEX
Resistance
should appear near the 7486 to 7513 region
Support should appear near the 7428 to 7414 region.
June JAPANESE Yen
Resistance
should appear near 12680 to 12740 region.
BW Traders can sell at 12677 and risk a close over 12747 for three days in a
row.
Support should appear near 12320 and 12175
June EURO currency
Support
should appear near 14210 to 14150. A close under is negative and augurs for
a test of 13830 to 13770.
Resistance should appear near
14370 and the 14530 to 14590 region
June SWISS FRANC
Resistance
should appear near 11640 to 11690. BW Traders can sell at 11633 for as turn
lower and risk a close over 11697 for three days in a row.
Support should appear near 11360
to 11300.
JUNE BRITISH POUND
Support should appear near
16420 and 16237
Resistance should appear near
16550 and 16627
JUNE CanadIAN Dollar
Resistance
should appear near 10470 and the 10580 to 10680 region
Support should appear near 10360
to 10320. Below that a test of 10136 to 10104 is likely.
JUNE AUSSIE DOLLAR
Resistance should
appear near 10815 and 10960 to 11010
Support should appear near 10680
to 10580
The
Precious Metals
JUNE gold
Resistance
should appear near the 1529.0 to 1535.0 region.
Support is near 1496.0 to 1484.0
JulY COPPER
Resistance should
appear near 40460 to 40560
Support should appear near 39820
and 39090 to 39020
July Silver
Resistance
should appear near 3982 to 3992
Support is at 3682 to 3663
The
Exciting Energies
JUne Crude Oil
Resistance should
appear near 10320 to 10360 and 10470
Support should
appear 10136 to 10104 and 10037 to 10021
JUNE HeaTING Oil
Support
should appear near 28830 to 28740 and 28280
to 28200
Resistance should appear near
the 30360 to 30450 region. Beyond that sellers should appear near 30920 to
31020. BW Traders can sell at 30910 and hold for lower prices.
JUNE UNLEADED Gas
Support
should appear at 32130 to 31940
Resistance should appear near
33770 to 33860
June NATURAL Gas
Support
should appear at 4183 to 4163 and the 4120 to 4110 region.
Resistance should appear near
4304 to 4315 and 4425 to 4446.
THE GRANDE’ GRAINS
JULY SOYBEANS
Resistance
should appear 1346 , a close
over friendly and augurs for a test of 1377 to 1383
Support should appear near
1310 to 1304 and the 1274 to 1268 region.
BW Traders should go long if a close over 1347 occurs.
JULY SOYMEAL
Resistance should appear near 355,3 to 356.3 , a close over is friendly
an d augurs for a test of 366.2 to 368.3
Support should appear near 344.3
to 342.5 and the 338.6 to 337.7 region
BW Traders should go long if a close over 356.4 occurs.
JULY BEAN OIL
Support should appear near 5504 to 5492.
Resistance should appear near
the 5716 to 5729 region.
JULY CORN
Resistance should appear near 714 ¼ to 717 and 732 ¾ to 734 ¼
BW Traders can sell at 731 ¾ and risk a close over 743 for three days in a
row
Support should appear near 700 ¼
to 699 and the 691 ¾ to 690 ¾ region.
JULY WHEAT
Resistance
should appear near 819 ½ to 822 ¼
Support should appear near 777 ¾
to 776 ¼
THE LIVELY LIVESTOCK
June Live Cattle
Support
should appear near 10817 and the 10680 to 10580 region.
Resistance should appear near
10960 to 11010
JUNE HOGS
Resistance
should appear near 9522 to 9542.
Support should appear near 9157
to 9137
The Satisfying Softs
JULY COFFEE
Support should appear near 27750
to 27580
Resistance should appear near
28740 to 28830
JULY COCOA
Resistance
should appear near 3102 and the 3148 to 3157 region.
Support should appear
near 2990 to 2972 and 2937 to 2928
JULY SUGAR
Resistance
is at 2219 to 2226.
Support should appear near 2042
to 2034.
JULY COTTON
Resistance should appear near 15290 to15250...
Support should appear 13460 to
13340
--A Ship in Harbor is Safe...But
that is not what ships are built for --
Happy Trading!
Bill
wil@futurescom.com
Wednesday May 11, 2011 4:00 AM
South Florida Beach Time