FuturesCom
Morning Investment Comments
Tuesday May 24, 2011
Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains •
Livestock • Softs
Monday May 23, 2011
3:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support
should appear near 12,380.00 to 12,320.00
Resistance
should appear near 12,530.00
and the 12680.00 to 12,740.00 region
jUNE e-Mini sp500
Resistance should appear near
1322.00 and 1334.00 to 1346.00
Support should appear at near
1310.00 to 1304.00 and 1289.00
Aggressive BW Traders can go long if
a close over 1347.00 occurs
NAsdaq Composite
Resistance
should appear near 2775.00 and
2820.00 to 2829.00
Support should appear near 2758.00 and 2724 to 2716
jUNE
E-Mini NasdaQ 100
Resistance
should appear near 2338 and 2354.00 to 2370.00
Support
should appear near 2315.00 then 2297.50 and the 2275.00 to 2267.00 region.
JUNE E-Mini RUSSELL 2000
Resistance
should appear near 819.40 to
822.30 and 830.00 to 831.40.
Support should appear near the 804.40 to 802.90 region. Below that a
test of 793.90 to 795.40 is likely. Failure there augurs for a test of
777.70 to 776.30. BW Traders can
buy at 777.90 and hold for higher prices.
Stay tuned for flashes and Trade accordingly
JUNE 30 YR BOND
Resistance should appear near 125-21. Beyond that, sellers should appear
near 126-07
Support should appear near 124-21
and 124-07.
June 10 yr Note
Resistance
should appear near and 123-07.
Beyond that a test of 123-21 and 124-07 is likely.
Support should appear near 122-21
and 122-07.
The Frenzied Forex Front
June dOLLAR iNDEX
Resistance
should appear
near the 7675 to 7689 region
Support should appear near the 7601 to 7587 region.
June JAPANESE Yen
Resistance
should appear
near 12320 to 12380
Support should appear near 12030 to 11920. 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 13990. A
close under is negative and augurs for a test
of the 13830 to 13770 region.
Resistance should appear near
14150 to 14210.
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 11300,
a close under is negative and augurs for a test of 11010 to 10960.
Trade Accordingly.
JUNE BRITISH POUND
Support should appear near
16090 and 15917
Resistance should appear near
16150 and 16237
JUNE CanadIAN Dollar
Resistance
should appear
near 10237 and 10320 to 10360 and
10470
BW Traders can sell at 10317 and hold for lower prices.
Support should appear near the
10136 to 10104 region. .
jUNE AUSSIE DOLLAR
Resistance should appear near 10580 to 10680.
Support should appear near 10470
and the 10360 to 10320 region.
The Precious Metals
JUNE gold
Resistance
should appear near the 1529 to
1535 region.
Support is near 1496 to 1484.0, below that buyers should appear near
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 and 41100 to 41200
Support should appear near 39090
to 39020 and the 38650 to 38580 region is likely
July
Silver
Resistance
should appear near 3553 to
3563 and 3613 to 3629
Support is at 3443 to 3425, below that a test of 3386 to 3377 is
likely
The Exciting Energies
JUly Crude
Oil
Resistance should
appear near 9821 to 9837 then 9921 to 9937 and 10021 to 10037
Support should appear 9641 to 9625 and the
9445 to 9429 region. Below that buyers should appear near 9347 to 9316.
BW Traders can buy at 9351 for a bounce and risk a close under 9037
for three days in a row.
JUly HeaTING Oil
Support
should appear near 28280 to 28200 and the 27750 to
27580 region.
Resistance should appear near
29280 to 29370 and the 30360 to 30450 region
JUly UNLEADED Gas
Support
should appear at 28830 to 28720 and the 28290 to
28200 region.
Below that buyers should appear near 27240 to 27160 and the 26720 to 26630
region.
BW Traders can buy at 26750 and hold for higher prices.
Resistance should appear near
29280 to 29370 and the 30360 to 30450 region.
July NATURAL Gas
Support
should appear at 43150 to
43040 and 4183 to 4163
Resistance should appear near
4425 to 4446. Beyond that sellers should appear near
4503 to 4514 and cap a rally.
THE GRANDE’ GRAINS
JULY
SOYBEANS
Resistance
should appear 1377 to
1383, beyond that sellers should appear near 1415 to 1421
Support should appear near
1346 to 1334 and the 1310 to 1304 region.
JULY SOYMEAL
Resistance should appear near 366.2 to 368.3 and 373.4 to 374.3
BW Traders can sell at 373.10 and risk a close over 380.9 for three days in
a row.
Support should appear near 356.3
to 355.3 and the 344.3 to 342.5 region.
JULY BEAN OIL
Resistance should appear near 5792 to 5805 and the 5855 to 5880 region.
Support should appear near 5653
to 5640 and the 5577 to 5553 region.
JULY CORN
Resistance should appear near 776 ¾ to 777
¾ and the 783 ¾ to 786 ½ region...
Support should appear 751 ¼ to
748 ¾ a close under is negative and augurs for as test of
734 ¼ to 732 ¾ Trade Accordingly
JULY WHEAT
Resistance should appear near 819 ½ to 822 ½ and the 830 to 831 ½
region.
BW Traders can sell at 829 and hold for lower prices.
Support should appear near 795 ½
to 793 ¾ and 777 3/4 to 776 ¼,
THE LIVELY LIVESTOCK
AUGUST CATTLE
Support Should appear near 10360 to 10320 and 10137 to 10102
Resistance should appear near
10580 to 10680.
JULY HOGS
Resistance
should appear near
9042 to 9062 and 9137 to 9157
Support should appear near 8872
to 8857 and 8777 to 8762
The Satisfying Softs
JULY COFFEE
Support should appear near 25680
to 25520 and the 24690 to 24610 region.
Resistance should appear near the
26630 to 26720 region. Beyond that sellers should appear near 27160 to 27240
and the 27580 to 27750 region. BW Traders can sell at 27150 and hold for
lower prices.
BW Traders should go short if a close under 255.10 occurs.
JULY COCOA
Resistance should appear near
2972 to 2990 and the 3036 to 3045 region.
BW Traders can sell at 3035 and hold for lower prices...
Support should appear
near 2874 and 2829 to 2820
JULY SUGAR
Resistance is at 2219 to 2226 and 2267 to 2275.
Support should appear near 2134
to 2126 and 2089 to 2080...BW Traders can buy at 2091
and hold for higher prices. , risk a
close under 2027 for three days in a row.
JULY COTTON
Resistance should appear near 16090 to 16150 and the 16890 to 16960
region. . BW Traders who have ice water running thru their veins can sell at
16870 and risk a close over 17900 for three days in a row.
Support should appear 15350 to
15290 and the 14960 to 14840 region.
--A Ship in Harbor is Safe...But
that is not what ships are built for --
Happy Trading!
Bill
wil@futurescom.com
Monday May
23, 2011 4:05 PM
South
Florida Beach Time
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