FuturesCom
Morning Investment Comments
Friday May 13, 2011
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains •
Livestock • Softs
Thursday May 12, 2011
3:00 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 12,680.00
to 12,740.00 and 12,890.00
jUNE e-Mini sp500
Resistance should appear near 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
1346.00 to 1334.00 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 848.40 to
849.90 and 856.00 to 858.90
Support should appear near the 840.60 to 839.10 and the 822.30 to
819.40 region
JUNE 30 YR BOND
Resistance should appear near 124-07
and 124-21
Support should appear near 123-07
and 122-21
June 10 yr Note
Resistance
should appear near
122-0-7 and
122-21
Support should appear near 121-21
and 121-07
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 12530 and the 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 11360
Support should appear near 11175
and 11010 to 10960
JUNE BRITISH POUND
Support should appear near
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 10630 to 10680
Support should appear near
10580 and 10470
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 3425 to
3443 and 3493 to 3503
Support is at 3386 to 3377 and 3328 to 3319
The Exciting Energies
JUne Crude
Oil
Resistance should
appear near 9921 to 9937 and 10021 to 10037
Support should appear
9641 to 9625 and 9347 to 9316
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 29900 to 29720 and 29370 to 29280
Resistance should appear near
30920 to 31020 and 31940 to 32130
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 1361 ½ and
1377 to 1383
Support should appear near 1334
and the 1310 to 1304 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 5577 to 5553 and 5504 to 5492
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 748
¾ to 751 ½
Support should appear near 708 ¾
to 707 ½
THE
LIVELY LIVESTOCK
June Cattle
Support should appear near 10817 and the 10680 to 10580 region.
Resistance should appear near
11010 and 11175
JUNE HOGS
Resistance
should appear near
9522 to 9542 and 9707 to 9737
Support should appear near 9347
to 9317 and 9157 to 9137
The Satisfying Softs
JULY COFFEE
Support should appear near 26720
to 26630
Resistance should appear near
28200 to 28290
JULY COCOA
Resistance should appear near
3092 to 3102 and 3148 to 3157
Support should appear
near 2990 to 2972 and 2937 to 2928
JULY SUGAR
Resistance is at 2219 to 2226 and 2267 to 2275
Support should appear near 2134
to 2126 and 2042 to 2034
JULY COTTON
Resistance should appear near 14530
to 14590 and 15290 to15250..
Support should appear
13830 to 13770
--A Ship in Harbor is Safe...But that
is not what ships are built for --
Happy Trading!
Bill
wil@futurescom.com
Thursday May 12, 2011 3:40 PM
South
Florida Beach Time