FuturesCom  Morning Investment Comments  Thursday June 7, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see  https://futurescom.com/free-trial-2 .  “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.

 

Wednesday June 06, 2012
2:30 PM South Florida Beach Time

Stay tuned for updates and flashes in all markets.

 

                                  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 then 12,445 and 12,530.00

SEPT E-MINI SP500
Resistance should appear near 1304.00 to 1310 and 1316.
Support should appear near 1289.00 and 1274.00 to 1268.00.

 

NASDAQ COMPOSITE
Resistance should appear near the 2874.00 to 2883.00 region.
Support should appear near 2829.00 to 2820.00 and 2775.00 to 2758.00

 

SEPT E-MINI NASDAQ 100
Support should appear near 2519.00 to 2511.00 and 2469.00 to 2461.00
Resistance should appear near the 2552.00 to 2568.00 region.

SEPT E-MINI RUSSELL 2000
Resistance should appear near 759.70 to 760.10 and 767.50 to 768.90
Support should appear near the 742.80 to 741.40 and 733.20 to 732.80 region.

SEPT 30 YR BOND
Resistance should appear near 149-21 and 150-07

Support should appear near 147-21 and 147-07

SEPT 10 YR NOTE
Resistance should appear near 134-07 and 134-21.
Support should appear near 133-07 and 132-21
        THE FRENZIED FOREX FRONT

 

SEPT DOLLAR INDEX
Resistance should appear near 8391 to 8406.
Support should appear near 8300 and 8223 to 8194. BW Traders can buy at 8227 and risk a close under 8187 for three days in a row.
SEPT JAPANESE YEN
Resistance should appear near 12680 to12740 and 12890.
Support should appear near 12530 and the 12380 to 12320 region.

 

SEPT EURO CURRENCY
Support should appear near 12530 and 12380 to 12320
Resistance should appear near 12605 and the 12680 to 12740 region.

SEPT SWISS FRANC
Resistance should appear near 10580 to 10680.  BW Traders can sell at 10577 and risk a close over 10687 for three days in a row.
Support should appear near 10360 to 10320.  BW Traders should go short if a close under 10317 occurs

SEPT BRITISH POUND
Support should appear near 15350 to 15290.
Resistance should appear near 15525 and the 15690 to 15760 region, which should cap a rally.

SEPT CANADIAN DOLLAR
Resistance should appear near 9706 to 9737.
Support should appear near 9642 to 9625
Stay tuned for flashes

SEPT AUSSIE DOLLAR
Resistance should appear near 9821 to 9837 and 9921 to 9937.

Support should appear near 9737 to 9706 and 9641 to 9625.

            THE PRECIOUS METALS

 

AUGUST GOLD
Resistance should appear near 1629.0 and the1642 to 1655 region.
Support is near 1615 to 1609.  Below that a test of 1576 to 1569, which should hold for now

JULY COPPER
Resistance should appear near 33770 to 33860 and the 34430 to 3425 region.
Support should appear near 32700 to 32610 and the 31570 to 31480 region

JULY SILVER
Resistance should appear near 2972.0 to 2990.0.
Support is at 2883.0 to 2874.0.

 

THE EXCITING ENERGIES

 

JULY CRUDE OIL
Resistance should appear near 8560 to 8589 and 8667 to 8683
Support should appear near 8499 to 8484 and 8406 to 8391

JULY HEATING OIL
Support should appear near the 26100 to 26120 region, which should hold, below that a test of 25680 to 25520 and 24690 to 24610 is likely

Resistance should appear near the 27160 to 27240 region.

JULY UNLEADED GAS
Support should appear near 26200 to 26120 and 25680 to 25520

Resistance should appear near the 27160 to 27240 and the 2800 to 28290 region.

JULY NATURAL GAS
Support should appear at 2370 to 2354
Resistance should appear near 2552 to 2568

THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1383 to 1377 and 1346 to 1334
Resistance should appear near 1399 and 1415 to 1421

JULY SOYMEAL
Resistance should appear near 416.3 to 418.3 and 423.8 to 424.9
Support should appear near the 405.6 to 404.6 and 392.9 to 390.9

JULY BEAN OIL
Support should appear near 4915 and 4845 to 4845
Resistance should appear near the 4973 to 4995 and 5056 to 5067 region.

 

JULY CORN
Support should appear near 565 ¼ to 564 and 543 to 541 ¾
Resistance should appear near 585 ½ to 588 and 594 ½ to 595 ¾
JULY WHEAT
Resistance should appear near 633 ¾ to 635 and the 657 ¾ to 659 region
Support should appear near 603 ½ to 602 ¼ and the 595 ¾ to 594 ½ region

THE LIVELY LIVESTOCK

 

AUGUST CATTLE
Support should appear near 11920 and 11817
Resistance should appear near 12030 and 12157

JULY HOGS
Support should appear near 9062 to 9037
Resistance should appear near 9237 and 9317 to 9347

OCTOBER HOGS

Support should appear near 8222 to 8192 and 8137 to 8117

Resistance should appear near 8317 and the 8392 to 8407 region.

THE SATISFYING SOFTS
SEPT COFFEE
Support should appear near the 15760 to 15690 and the 15350 to 15329 region.
Resistance should appear near 16090 to 16150 and 16420 to 16550. BW Traders can sell at 16410 and hold for lower prices.  Beyond that sellers should appear near the 16890 to 16960 region.

SEPT COCOA
Resistance should appear near 2219 to 2226 and 2267 to 2275.
BW Traders can sell at 2263 and risk a close over 2377 for three days in a row.
Support should appear near 2134 to 2126 and 2042 to 2034

OCTOBER SUGAR
Support is at 1953 to 1946 and 1909 to 1902. BW Traders can buy at 1911 and risk a close under 1857 for three days in a row
Resistance should appear near the 2034 to 2042 region.

JULY COTTON
Support should appear near 6836 to 6809 and 6673 to 6659
Resistance should appear 6990 to 7003 7074 to 7088

 

Stay tuned for Flashes and Updates in all Markets

–A Ship in Harbor is Safe…But that is not what ships are built for —

 

Happy Trading!
Bill wil@futurescom.com
Wednesday June 06, 2012
3:15 PM South Florida Beach Time 
THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES AND FOREIGN EXCHANGE TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, FOREIGN EXCHANGE AND OPTIONS. TRADING FUTURES AND FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PLEASE TRADE WITH CAPITAL YOU CAN AFFORD TO LOSE. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. NO SOLICITATION IS MADE HERE FOR INDIVIDUALS TO BUY OR SELL FUTURES CONTRACTS, FOREIGN EXCHANGE OR OPTION MARKET. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. READERS ARE SOLEY RESPONSIBLE FOR HOW THEY USE THE INFORMATION AND FOR THEIR RESULTS. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FUTURES AND FOREIGN EXCHANGE AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS, THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES AND FOREIGN EXCHANGE TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. INTERNET RISKS ; THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET BASED SERVICE INCLUDING BUT NOT LIMITED TO, FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION, FUTURESCOM EMPLOYS BACK-UP SYSTEMS AND CONTINGENCY PLANS TO MINIMIZE THE POSSIBILITY OF SYSTEM FAILURE

FuturesCom Morning Comments  Thursday June 7, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs

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