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FuturesCom
Morning Investment Comments
Wednesday May  18, 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.

Tuesday May 17, 2011
7:00 PM South Florida Beach Time
                           The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near the 12,380.00 to 12,320.00 region
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 1334.00 to 1346.00.
Support should appear at near 1322.00 and the 1310.00 to 1304.00 region
BW Traders can buy at 1310.75 and risk a close under 1302.25 for three days in a row

jUNE E-Mini NasdaQ 100
 Resistance should appear near 2354.00 to 2370.00
Support should appear near 2322.00 to 2315.00. .

JUNE E-Mini RUSSELL 2000
 Resistance should appear near 830.00 to 831.40
Support should appear near  813.40 to 811.90

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

June 10 yr Note
 Resistance should appear near 123-07 and 123-21
 Support should appear near 122-07 and 121-21            

                                 The Frenzied Forex Front
 June dOLLAR iNDEX
 Resistance should appear near 7587 to 7601
Support should appear near the 7513 to 7486 region.

June JAPANESE Yen
 Resistance should appear near 12320 to 12380
Support should appear near 12175 and the 12030 to 11920 region.BW Traders can buy at 12037 for a bounce and risk a close under 11917 for three days in a row.  

June EURO currency
 Support should appear near 14210 to 14150
Resistance should appear near 14290 and 14370
June SWISS FRANC
 Resistance should appear near 11500 and the 11640 to 11690 region
BW Traders can sell at 11633 and risk a close over 11697 for three days in a row.
Support should appear near  11300 and 11175

JUNE BRITISH POUND
Support should appear near 16150 to 16090
 Resistance should appear near 16285 and 16337
JUNE CanadIAN Dollar
 Resistance should appear near 10320 to 13060 and 10470
Support should appear near 10237. 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 1496 and 1512.5
Support is near 1484.0 then 1471.5 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 40460 to 40560, beyond that sellers should appear near
41630 to 41830. BW Traders can sell at 41620 and hold for lower prices.
Support should appear near 39090 to 39020 and 38670 to 38580

 July Silver
Resistance should appear near 3493 to 3503 and 3553 to 3563
Support is at 3386 to 3377 and the 3328 to 3319 region             

                                 The Exciting Energies

 JUly Crude Oil
Resistance should appear near 9921 to 9937 and 10021 to 10037
Support should appear near 9737 to 9706 and the 9641 to 9625 region

JUNE HeaTING Oil
 Support should appear near 28280 to 28200
Resistance should appear near the 29720 to 29900

JUNE UNLEADED Gas
 Support should appear at 28830 to 28740
 Resistance should appear near 29720 to 29900

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 is friendly and augurs for a test of
the 1377 to 1383 region
Support should appear near 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
Support should appear near 344.3 to 342.5
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 5640 to 5653 and 5716 to 5729

JULY CORN
Resistance should appear near 732 ¾ to 734 ¾
BW Traders can sell at 731 ¾ and risk a close over 743 for three days in a row.
Support should appear near 717 to 714 1/4/ and 708 ¾ to 707 ½.

JULY WHEAT
Resistance should appear near 783 ¾ to 786 ½ and the 793 ¾ to 795 ½ region.  
Support should appear near 760 ¼ to 759 ½ and 742 ¾ to 741 ½ region.  

                        THE LIVELY LIVESTOCK

 JUNE CATTLE
Support should appear near the 10680 to 10580 region.
Resistance should appear near the 10960 to 11010 region

JUNE HOGS
Resistance should appear near  9317 to 9347 and 9522 to 9542
Support should appear near 9157 to 9137 and 9157 to 9137

                     The Satisfying Softs

JULY COFFEE
Support should appear near 26720 to 26630 and 26200 to 26120
 Resistance should appear near 27160 to 27240 and 27580 to 27750

JULY COCOA
Resistance should appear near 3036 to 3045 and 3092 to 3102
Support should appear near 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 15690 to 15760.
Support should appear 14960 to 14840
--A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   Bill wil@futurescom.com
Tuesday May 17, 2011 8:00 PM South Florida Beach Time