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FuturesCom
Morning Investment Comments
Wednesday May 4, 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 3rd, 2011
7:00 PM South Florida Beach Time
                       The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 12,740.00 to 12,680.00.
Resistance should appear near 12,890.00 and 13,040.00 to 13,100.00

jUNE e-Mini sp500
 Resistance should appear near 1361.50 and the 1377.00 to 1383.00 region.  
Support should appear at near 1346.00 to 1334.00

 

NAsdaq Composite
Resistance should appear near 2874.00 to 2883.00     
Support should appear near 2829.00 to 2820.00   

jUNE E-Mini NasdaQ 100
 Resistance should appear near 2411.00 to 2419.00.  
Support should appear near 2370.00 to 2354.00

JUNE  E-Mini RUSSELL 2000
 Resistance should appear near 848.40 to 849.90 and 856.00 to 858.90
Support should appear near 840.60 to 839.10 and the 831.40 to 830.00 region  
  
JUNE 30 YR BOND
Resistance should appear near 123-21 and 124-07  
Support should appear near 122-21 and 122-07.

June 10 yr Note
 Resistance should appear near 122-07 and 122-21
Support should appear near 120-21 and 120-07

                              The Frenzied Forex Front
 June dOLLAR iNDEX
 Resistance should appear near 7328 to 7342       
Support should appear near 7255 to 7242   
 
June JAPANESE Yen
 Resistance should appear near 12380 and 12530
Support should appear near  12320 and 12175                 

June EURO currency
 Support should appear near 14590 to 14530
Resistance should appear near 14840 to 14960
June SWISS FRANC
 Resistance should appear near 11640 to 11690
Support should appear near  11500 and 11360 to 11300

JUNE BRITISH POUND
Support should appear near 16420 and 16317
Resistance should appear near 16550 and 16890 to 16960
JUNE CanadIAN Dollar
 Resistance should appear near 10580 to 10680             
Support should appear near 10360 to 10320  
BW Traders can buy at 10367 and hold for higher prices

JUNE AUSSIE DOLLAR
 Resistance should appear near 10815 and 10960 to 11010
Support should appear near 10680 to 10580.        

                                 The Precious Metals
 JUNE gold
 Resistance should appear near 1569.0 to 1576.0
Support is near 1535.0 to 1529.0

JulY COPPER
 Resistance should appear near 43040 to 43150
Support should appear near  41830 to 41630

 July Silver 
 Resistance should appear near 4163 to 4183 and 4238 to 4249                    
Support is at 4056 to 4046 and the 3929 to 3909 region                                             
                                   The Exciting Energies  
JUNE Crude Oil
Resistance should appear near 11175 and the 11300 to 11360 region. . 
Support should appear near 11010 to 10960. BW Traders can buy at 11017 and hold for higher prices. Below that buyers should appear near 10817.  

JUNE HeaTING Oil
 Support should appear near 31570 to 31480 and 31020 to 30920
Resistance should appear near 31940 to 32130 and 32610 to 32700     
JUNE UNLEADED Gas
 Support should appear at 32700 to 32610 Below that buyers should appear near 32130 to 31940.BW Traders can buy at 32150, risk a close under 31470 for three days in a row. 
Resistance should appear near 33190 to 33280 and 33770 to 33860  
June NATURAL Gas
Support should appear at 4582 to 4571 and 4381 to 4370   
Resistance should appear near 4845 to 4956 and 4915 to 4926                                                                
  

                              THE GRANDE’ GRAINS
 JULY SOYBEANS
Resistance should appear 1377 to 1383         
Support should appear near 1346 to 1334

JULY SOYMEAL
Resistance should appear near 361.3 to 362.3 and 366.2 to 368.3        
Support should appear near 350.3 to 349.3 and 344.3 to 342.5           
BW Traders should go long if a close over 368.3 occurs.

JULY BEAN OIL
Resistance should appear near 5792 to 5805 and 5855 to 5880         
Support should appear near 5729 to 5716 and 5653 to 5640

JULY CORN
Resistance should appear near  741 ½ to 742 ¾         
Support should appear 708 ¾ to 707 ½              

JULY WHEAT
Resistance should appear near 830 to 831 ½
Support should appear near 777 ¾ to 776 ¼  

                                           THE LIVELY LIVESTOCK

JUNE CATTLE
Support should appear near 11010 to 10960
Resistance should appear near 11300 to 11360     

JUNE HOGS

Resistance should appear near 9317 to 9347
Support should appear near 9157 to 9137

JULY HOGS

Resistance should appear near 9527 to 9542
Support should appear near 9157 to 9137

                           The Satisfying Softs
 JULY COFFEE
Support should appear near 29370 to 29280   
Resistance should appear near 30920 to 31020

JULY COCOA
Resistance should appear near 3319 to 3328       
Support should appear near 3213 to 3194    

 

JULY SUGAR
Resistance is at 2267 to 2275
Support should appear near 1996 to 1982    
 
JULY COTTON
Resistance should appear near 16090 to 16150
Support should appear near 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 3, 2011 8:15 PM South Florida Beach Time