FuturesCom  Morning Investment Comments  Wednesday June 6, 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.

 

Tuesday June 05, 2012
10:00 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.

Resistance should appear near 12,175.00 and the 12,320.00 to 12,380 region.

JUNE E-MINI SP500
Resistance should appear near 1296.50 and the 1304.00 to 1310 region.
Support should appear near 1274.00 to 1268.00.

 

NASDAQ COMPOSITE
Resistance should appear near 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 2469.00 to 2461.00 and the 2419.00 to 2411.00 region.
Resistance should appear near 2511 to 2519 and the 2552.00 to 2568.00 region.

JUNE 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 150-21 and 151-07

Support should appear near 149-21 and 149-07

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 12740 and 12890.
Support should appear near 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 9706 to 9737.
Support should appear near 9526 to 9542
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 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 the 2928 to 2937 region.
Support is at 2829 to 2820.

 

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 2419 to 2411 and 2275 to 2268.
Support should appear near 2552 to 2568 and 2612 to 2620.

 

 

 

 

THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1346 to 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 3929 to 3909 and 386.7 to 385.8.

JULY BEAN OIL
Support should appear near 4845 to 4845 and 4785 to 4775
Resistance should appear near the 4915 to 4926 and 5056 to 5067 region.  

 

JULY CORN
Support should appear near 565 ¼ to 564 and 543 to 541 ¾
Resistance should appear near the 579 ¼ to 580 ½ 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 11817 and 11757
Resistance should appear near 11920 to 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 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 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 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
Tuesday June 05, 2012
11:00 PM South Florida Beach Time

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FuturesCom Morning Comments  Wednesday June 6, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs

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