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FuturesCom
Morning Investment Comments
Thursday May  26, 2011 

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

 

 

Wednesday May 25, 2011
10:00 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 12,470 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 2775.00 and 2820.00 to 2829.00    
Support should appear near 2758.00 and 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 822.30 and the 830.00 to 831.40 region
Support should appear near 813.40 to 811.90 and the 804.40 to 802.90 region.

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  7587 to 7601 and the 7675 to 7689 region     
Support should appear near the 7550 and the 7513 to 7486 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 11360 to 11300

JUNE BRITISH POUND
Support should appear near  16150 to 16090
Resistance should appear near the 16420 to 16550 region  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
 August gold
 Resistance should appear near the 1529 to 1535 region. 
Support is near 1496 to 1484.0      

JulY COPPER
 Resistance should appear near 41630 to 41830 and the 42380 to 42490 region
BW Traders can sell at 42370 and hold for lower prices.  
Support should appear near 39920 to 39820 and 39090 to 39020

July Silver 
 Resistance should appear near 3858 to 3867 and the 3909 to 3929 region , which should cap a rally  
Support is at 3623 to 3613 and the 3563 to 3553 region.                                            

                                   The Exciting Energies  

JUly Crude Oil
Resistance should appear near 10320 to 10360
BW Traders can sell at 10317 and hold for lower prices.  
Support should appear 10136 to 10104 and the 10037 to 10021 region. .

JUly HeaTING Oil
 Support should appear near 29370 to 29280 and 28830 to 28740
Resistance should appear near the 30360 to 30450 and 30920 to 31020         

JUly UNLEADED Gas
 Support should appear at 29370 to 29280 and 28830 to 28720
Resistance should appear near  30360 to 30450 and 30920 to 31020. 

July NATURAL Gas
Support should appear at 43150 to 43040 and 4183 to 4163   
Resistance should appear near 4503 to 4514 and 4571 to 4582                                                                 
                                THE GRANDE’ GRAINS
 JULY SOYBEANS
Resistance should appear 1415 to 1421
Support should appear near  1383 to 1377.

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 5855 to 5880 region.          
Support should appear near 5729 to 5716 

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 8191/2 to 822 ¼ 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  
Resistance should appear near 10580 to 10680. 

JULY HOGS

Resistance should appear near 8857 to 8872  
Support should appear near 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 2937 to 2928 and 2829 to 2820    

 

JULY SUGAR
Resistance is at 2267 to 2275 and 2315 to 2322
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 16420 to 16550
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  

Wednesday May 25, 2011 11:30 PM South Florida Beach Time