FuturesCom Morning Investment Comments Tuesday June 5, 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.
Monday June 04, 2012
7:00 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 the 12,030.00 to 11,920.00 region. Failure there augurs for a test of 11,699.00 to 11,640.00.
Resistance should appear near 12,175.00 and the 12,320.00 to 12,380 region.
JUNE E-MINI SP500
Resistance should appear near 1289.00 and the 1304.00 to 1310 region.
Support should appear near 1268.00, failure there augurs for a test of 1238.00 to 1232.00, which now apppears more likely than not to eventually occur.
NASDAQ COMPOSITE
Resistance should appear near 2775.00 and the 2820.00 to 2829.00 region.
Support should appear near the 2724.00 to 2716.00 region.
JUNE E-MINI NASDAQ 100
Support should appear near the 2469.00 to 2461.00 region.
Resistance should appear near the 2511 to 2519 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 741.60 to 742.80 and 748.60 to 751.30.
Support should appear near the 733.20 to 732.80 and the 725.50 to 724.20 region.
SEPT 30 YR BOND
Resistance should appear near 151-21 and 152-07.
Support should appear near 151-07 and 150-21
SEPT 10 YR NOTE
Resistance should appear near 134-21 and 135-07.
Support should appear near 133-21. Below that buyers should appear near 133-07
THE FRENZIED FOREX FRONT
SEPT DOLLAR INDEX
Resistance should appear near 8300 to 8314 and 8391 to 8406.
Support should appear near 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 12890 and the 13040 to 13100 region.
Support should appear near 12740 to 12680 a close under is negative and augurs for a test of the 12530 and the 12380 to 12320 region.
BW Traders should go short if a close under 12677 occurs
SEPT EURO CURRENCY
Support should appear near 12380 to 12320
Resistance should appear near 12605 and the 12680 to 12740 region.
SEPT SWISS FRANC
Resistance should appear near 10470 and 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 9625 to 9641 and 9706 to 9737.
Support should appear near 9526 to 9542
Stay tuned for flashes
SEPT AUSSIE DOLLAR
Resistance should appear near 9706 to 9737 and 9821 to 9837.
Support should appear near 9641 to 9625.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near the1642 to 1655 region. BW Traders can sell at 1641 for a turn lower and initially plan on risking a close over 1657 for three days in a row.
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 2874 to 2883 and the 2928 to 2937 region.
Support is at 2829 to 2820 and the 2775 to 2758 region.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near the 8484 to 8499 region.
Beyond that sellers should appear near 8560 to 8589.
Support should appear near 8406 to 8391 and 8314 to 8300.
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 26630 to 26720 and 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
Resistance should appear at 2275 to 22680 and the 2185 to 2170 region..
Support should appear near 2461 to 2469 and the 2552 to 2568 region. .
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1334… Below that a test of 1310 to 1304 is likely
Resistance should appear near 1377 to 1383 and 1415 to 1421
JULY SOYMEAL
Resistance should appear near 404.6 to 405.6 and 411.0 to 412.2.
Support should appear near the 386.7 to 385.8 and the 374.3 to 373.4 region.
JULY BEAN OIL
Support should appear near 4785 to 4775, below that a test of 4717 to 4695 is likely
Resistance should appear near the 4915 to 4926 and 5056 to 5067 region.
JULY CORN
Support should appear near 543 to 541 ¾ and the 535 ¾ to 534 ½ region.
Resistance should appear near the 571 ¾ to 572 ¾ and the 585 ½ to 588 region. .
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, failure there indicates a test of 8967 to 8932 and 8872
to 8857
Resistance should appear near 9137 to 9157 and 9237
OCTOBER HOGS
Support should appear near 8137 to 8117
Resistance should appear near 8300 to 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 2170 to 2185 and 2219 to 2226.
Support should appear near 2042 to 2034 and the 1996 to 1982 region.
OCTOBER SUGAR
Support is at 1909 to 1902 and the 1865 to 1848 region. BW Traders can buy at 1911 and risk a close under 1857 for three days in a row
Resistance should appear near 1946 to 1953 and the 2034 to 2042 region.
JULY COTTON
Support should appear near 6673 to 6659 and the 6350 to 6337 region
Resistance should appear 6906 to 6919 and the 6990 to 7003 region.
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
Monday June 04, 2012
8:30 PM South Florida Beach Time
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FuturesCom Morning Comments Tuesday June 5, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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