FuturesCom Morning Investment Comments Wednesday May 23, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see https://futurescom.com/free-trial-2 . “Courage is fear holding on a minute longer’’ – General George Patton
Tuesday May 22, 2012
1:30 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 12,380.00 to 12,320.00.
Nearby Resistance should appear near 12,530.00. Beyond that sellers should appear near the 12,680 to 12,740.00 region.
JUNE E-MINI SP500
Resistance should appear near 1322.00. A close over is friendly and augurs for a test of 1334.00 to 1346.00.
Support should appear near 1289.00 and the 1274.00 to 1268.00 region
NASDAQ COMPOSITE
Resistance should appear near the 2874.00 to 2883.00 region.
Support should appear near 2775.00 to 2758.00
JUNE E-MINI NASDAQ 100
Support should appear near 2519 to 2511 and 2469 to 2461.
Resistance should appear near the 2552.00 to 2568.00 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 767.50 to 768.90 and the 776.30 to 777.70 region.
Support should appear near the 742.80 to 741.40 and the 733.20 to 732.80 region.
JUNE 30 YR BOND
Resistance should appear near 147-21 and 148-07.
Support should appear near 146-21 and 145-21
JUNE 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
JUNE DOLLAR INDEX
Resistance should appear near 8194 to 8223.
Support should appear near 8134 to 8119 below that buyers should appear near 8044 to 8029 and contain a decline.
BW Traders should go long if a close over 8227 occurs
JUNE JAPANESE YEN
Resistance should appear near 12530 and the 12680 to 12740 region.
Support should appear near the 12380 to 12320 region. .
JUNE EURO CURRENCY
Support should appear near 12680, an extended trade under is negative and augurs for a test of 12530 and eventually the 12380 to 12320 region.
Resistance should appear near 12740 then 12815 and 12890. BW Traders can sell at 12890 and hold for lower prices. Beyond that sellers should appear near 12965.
JUNE SWISS FRANC
Resistance should appear near 10680 and 10820… BW Traders can sell at 10817 for a turn lower and hold for lower prices… Beyond that sellers should appear near 10890 and the 10960 to 11010 region.
Support should appear near 10580, an extended trade under is negative and augurs for a test of 10470 and eventually the 10360 to 10320 region. BW Traders should go short if a close under 10577 occurs
JUNE BRITISH POUND
Support should appear near 15760 to 15690…Below that a trade towards 15525 is likely, which now appears more likely than not to occur…
Resistance should appear near 15842 and 15925, which should cap a rally. BW Traders can sell at 15917 and initially plan on a risk if close over 15932 occurs for three days in a row.
JUNE CANADIAN DOLLAR
Resistance should appear near 9821 to 9837 and the 9921 to 9937 region.
Support should appear near 9737 to 9706.
JUNE AUSSIE DOLLAR
Resistance should appear near the 9821 to 9837 and 9921 to 9937 region.
Support should appear near 9737 to 9706 and 9641 to 9625.
THE PRECIOUS METALS
AUGUST GOLD
Resistance should appear near 1592 and the 1609 to 1615 region.
Support is near 1569 and the 1535 to 1529 region.
JULY COPPER
Resistance should appear near 34930 to 35030 and 35530 to 35630
Support should appear near 34430 to 34250 and the 33860 to 33770 region.
JULY SILVER
Resistance should appear near 2874 to 2883 and the 2928 to 2937 region..
Support is at the 2775 to 2758 region. Below that a test of 2724 to 2716 is likely.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9316 to 9347 and the 9429 to 9445 region.
Support should appear near 9156 to 9140 and the 9060 to 9044 region..
BW Traders can buy at 9065 and risk a close under 8930 for three days in a row.
JULY HEATING OIL
Support should appear near the 28290 to 28200 and the 27240 to 27160 region.
Resistance should appear near 28740 to 28830 and the 29280 to 29730 region.
JULY UNLEADED GAS
Support should appear near 28290 to 28200 and the 2775 to 27580 region.
Resistance should appear near the 29280 to 29370 region.
JULY NATURAL GAS
Resistance should appear at 2820 to 2829
Support should appear near 2568 to 2552
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1377 and 1346 to 1334.
Resistance should appear near 1415 to 1421 and the 1453 to 1459 region
JULY SOYMEAL
Resistance should appear near 423.8 to 424.9
Support should appear near the 399.2 to 398.2 region.
JULY BEAN OIL
Support should appear near 4995 to 4973
Resistance should appear near 5127 to 5139 region. Beyond that sellers should appear near 5200 to 5211 and cap a rally. BW Traders can sell at 5197 and hold for lower prices.
JULY CORN
Support should appear near 595 ¾ to 594 ½ and 580 ½ to 579 ¼
Resistance should appear near 616 ½ to 619 and 633 ¾ to 635
JULY WHEAT
Resistance should appear near 707 ½ to 708 ¾ and 732 ¾ to 734 ¼
Support should appear near 683 ¾ to 680 ¾ and 667 ¼ to 665 ¾
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11822 then 11757 and the 11690 to 11640 region.
Resistance should appear near 11922 to 12030 and 12157.
AUGUST CATTLE
Support should appear near the 12030 to 11920 region.
Resistance should appear near 12157 and 12320 to 12380
JUNE HOGS
Support should appear near 8407 to 8392
Resistance should appear near 8667 to 8682.
JULY HOGS
Support should appear near 8552 and the 8502 to 8482 region.
Resistance should appear near 8667 to 8682 and 8762 to 8777
OCTOBER HOGS
Support should appear near 7867 to 7837
Resistance should appear near 8027 to 8047
Stay tuned for Livestock Flashes and Updates.
THE SATISFYING SOFTS
JULY COFFEE
Support should appear near the 17380 to 17310 and the 16960 to 16890 region.
Resistance should appear near 17740 to 17800 and 18080 to 18220
JULY COCOA
Resistance should appear near the 2219 to 2226 and 2267 to 2275.
Support should appear near 2170 and 2089 to 2080.
JULY SUGAR
Support is at the 1996 to 1982 region… Below that buyers should appear near 1909 to 1902.
Resistance should appear near 2034 to 2042 and 2080 to 2089.
JULY COTTON
Support should appear near 7342 to 7328 and 770 to 7143
Resistance should appear 7576 to 7601 and 7675 to 7689.
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 May 22, 2012
3:30 PM South Florida Beach Time
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FuturesCom Morning Comments Wednesday May 23, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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