FuturesCom
Morning Investment Comments
Thursday May 12, 2011
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains •
Livestock • Softs
Wednesday May 11, 2011
9:00 PM Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support
should appear near 12,530.00 and the 12,380.00 to
12,320.00 region
Resistance
should appear near the
12,680.00 to 12,740.00
jUNE e-Mini sp500
Resistance should appear near the
1340.00 to 1346.00 then 1361.50 and the 1377.00 to 1383.00 region.
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
1334.00 and then 1322.00 and the 1310.00 to 1304.00 region
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 839.10 to
840.60 and 848.40 to 849.90
Support should appear near the 831.40 to 830.00 and the 822.30 to
819.40 region
JUNE 30 YR BOND
Resistance should appear near 124-21 and 125-07
Support should appear near 123-21
and 123-07
June 10 yr Note
Resistance
should appear near
122.21 and 123-07
Support should appear near 122-07
and 121-21
The Frenzied Forex Front
June dOLLAR iNDEX
Resistance
should appear
near the 7587 to 7601 region
Support should appear near the 7513 to 7486 region.
June JAPANESE Yen
Resistance
should appear
near 12360 and 12530
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 11300 to 11360
Support should appear near 11175
and 11010 to 10960
JUNE BRITISH POUND
Support should appear near
16237 and 16150 to 16090
Resistance should appear near
16420 to 16550
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 10580 to 10630
and 10680
Support should appear near 10470
and the 10360 to 10320 region
The
Precious Metals
JUNE gold
Resistance
should appear near the 1512.5
and the 1529.0 to 1535.0 region.
Support is near 1496.0 to 1484.0 and the 1459 to 1453 region. BW
Traders can buy at 1459 for a bounce and hold for higher prices.
JulY COPPER
Resistance should
appear near 39820 to 39920 and 40460 to 40560
Support should appear near 39090
to 39020 and 38670 to 38580
July
Silver
Resistance
should appear near 3663 to
3682 and 3734 to 3743
Support is at 3503 to 3493 and 3443 to 3425
The Exciting Energies
JUne Crude
Oil
Resistance should
appear near 10021 to 10037 and 10104 to 10136
Support should appear 9737 to 9706 and 9641
to 9625
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 31020 to 30920 and 30450 to 30360
Resistance should appear near
31940 to 32130 and 32610 to 32700
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
1334 to 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 5653 to 5640 and 5577 to 5553
Resistance should appear near the
5716 to 5729 and 5792 to 5805
JULY CORN
Resistance should appear near 680
¾ to 683 ¾ and 690 ¾ to 691 ¾
Support should appear near 667 ¼
to 665 ¾ and the 659 ¼ to 657 ¾ region.
JULY WHEAT
Resistance should appear near 776 ¼ to 777 ¾
Support should appear near 734 ¼
to 732 ¾
THE LIVELY LIVESTOCK
JUNE 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 9347
to 9317 and 9157 to 9137
The Satisfying Softs
JULY COFFEE
Support should appear near 26720
to 26630 and 26200 to 26120
Resistance should appear near
27580 to 27750 and 28200 to 28290
JULY COCOA
Resistance should appear near
the 3148 to 3157 region.
Support should appear
near 2990 to 2972 and 2937 to 2928
JULY SUGAR
Resistance is at 2126 to 2134 and 2219 to 2226.
Support should appear near 2042
to 2034 and 1996 to 1982
JULY COTTON
Resistance should appear near 15290 to15250...
Support should appear 14210 to
14150
--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 11:00 PM
South
Florida Beach Time