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FuturesCom
Morning Investment Comments
Wednesday May  25, 2011 

Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs

 

Tuesday May 24, 2011
7:00 PM South Florida Beach Time           
                          The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 12,320.00 and 12,175.00
 Resistance should appear near 12,380.00 then 12,470 and 12,530.00

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 2758.00 to 2775.00 and 2820.00 to 2829.00     
Support should appear near 2724 to 2716 and 2672.00 to 2663.00 

jUNE E-Mini NasdaQ 100
 Resistance should appear near 2315.00 to 2322.00 and 2338  
Support should appear near the 2275.00 to 2267.00 region.  

JUNE  E-Mini RUSSELL 2000
 Resistance should appear near 811.90 to 813.40 then 819.40 to 822.30 and
the 830.00 to 831.40 region
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 14070 and 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  16150 to 16090 and 15917
Resistance should appear near  16237 and 16420 to 16550
BW Traders can sell at 16407 and risk a close over 16557 for three days in a row.

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 39920 to 39820 and 39090 to 39020

July Silver 
 Resistance should appear near 3663 to 3682 and 3734 to 3743
Support is at 3563 to 3553 and 3443 to 3425                                           

                                   The Exciting Energies  

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

JUly HeaTING Oil
 Support should appear near 28830 to 28740 and 28280 to 28200
Resistance should appear near the 30360 to 30450 region         

JUly UNLEADED Gas
 Support should appear at 28830 to 28720 and the 28290 to 28200 region.
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 748 ¾ to 751 ¾ and 776 ¾ to 777 ¾ .   
Support should appear 734 ¼ to 732 ¾ and the 717 to 714 ¼ region  

JULY WHEAT
Resistance should appear near 794 ¾ to 795 ½ and 802 ¾ to 804 ½ region.
 Support should appear near 795 ½ to 793 ¾ and 777 3/4 to 776 ¼,

                                    
                                               THE LIVELY LIVESTOCK


JUNE 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 8857 to 8872 and 9042 to 9062  
Support should appear near 8777 to 8762 and 8687 to 8667  

                                   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 
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  

Tuesday May 24, 2011 8:30 PM South Florida Beach Time