FuturesCom  Morning Investment Comments  Thursday May 17, 2012 Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs. Free Two Week Trial see  https://futurescom.com/free-trial-2 .   “The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it”  –Ronald Reagan–

Wednesday May 16, 2012
8:00 PM South Florida Beach Time

THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 12,530.00 and the 12,380.00 to 12,320.00 region
Resistance should appear near 12,680.00 to 12,740.00.

JUNE E-MINI SP500
Resistance should appear near 1334.00 to 1346.00 and 1361.50.
Support should appear near 1322.00 and the 1310.00 to 1304.00 region
NASDAQ COMPOSITE
Resistance should appear near 2928.00 to 2937.00 and the 2972.00 to 2990.00 region.

Support should appear near 2883.00 to 2874.00 and the 2829.00 to 2820.00 region

 

JUNE E-MINI NASDAQ 100
Resistance should appear near 2612.0 to 2620.00 and the 2663.00 to 2672.00 region.
Support should appear near 2552.00 and the 2519.00 to 2511.00 region.

 

JUNE E-MINI RUSSELL 2000
Resistance should appear near 776.30 to 777.70 and 783.60 to 786.40.

Support should appear near 768.9 to 767.50 and the 760.10 to 759.70 region
Trade accordingly.

JUNE 30 YR BOND
Resistance should appear near 147-07 and 147-21
Support should appear near 146-07 and 145-21.

JUNE 10 YR NOTE
Resistance should appear near 133-21and 134-07
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 and 8081

JUNE JAPANESE YEN
Resistance should appear near 12530 and the12680 to 12740 region.
Support should appear near the 12380 to 12320 region.
JUNE EURO CURRENCY

Support should appear near 12710 to 12680 then 12605 and 12530.
Nearby Resistance should appear near 12777 then 12815 and 12890.

JUNE SWISS FRANC
Resistance should appear near 10630 then 10680 and 10750.
Support should appear near 10580 and 10470

 

JUNE BRITISH POUND
Support should appear near 15842 and 15760 to 15690
Resistance should appear near 15927 then 16007 and the 16090 to 16150 region.

JUNE CANADIAN DOLLAR
Resistance should appear near 9921 to 9937 and 10021 to 10037
Nearby Support should appear near 9838 to 9821 and 9737 to 9706

JUNE AUSSIE DOLLAR
Resistance should appear near 9921to 9937 and 10021 to 10037.
Support should appear near 9837 to 9821 and 9737 to 9706

 

      

 

 

 

 

 

                                                    THE PRECIOUS METALS

 

JUNE GOLD
Resistance should appear near 1569 to 1576 and 1592.5.
Support is near the 1535 to 1529 and 1496.0 to 1484.0.

JULY COPPER
Resistance should appear near 34930 to 35040 and 35530 to 35630.
Support should appear near 34430 to 34250 and 33860 to 33770

JULY SILVER
Resistance should appear near 2758 to 2775 and 2820 to 2829.
Support is at 2724 to 2716 and 2672 to 2663

 

 

THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9429 to 9445 and 9526 to 9542
Support should appear near the 9347 to 9316 and the 9156 to 9140 region.

JUNE HEATING OIL
Support should appear near 28290 to 28200.

Resistance should appear near 29720 to 29900

JUNE UNLEADED GAS
Support should appear near the 28290 to 28200 region which should contain a decline.

Resistance should appear near 30360 to 30450 and 31480 to 31570

JUNE NATURAL GAS
Support should appear at 2469 toi 2461.
Resistance should appear near 2663 to 2672

THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1383 to 1377.
Resistance should appear near 1453 to 1459.

JULY SOYMEAL
Resistance should appear near 430.4 to 431.5

Support should appear near 412.0 to 411.0

JULY BEAN OIL
Support should appear near 4995 to 4973 and 4926 to 4915
Resistance should appear near 5127 to 5139 and 5200 to 5211

 

 

JULY CORN
Support should appear near 611 1/.4 to 610 ¼ and 603 to 602 ¾
Resistance should appear near 625 ¾ to 627 and 633 ¾ to 635
JULY WHEAT
Resistance should appear near 648 ¾ to 650 ¾ and 657 ¾ to 659 ¼
Support should appear near 635 to 633 ¾ and 619 to 616 ½

Stay tuned for Grain Flashes

THE LIVELY LIVESTOCK

 

JUNE CATTLE
Support should appear near 11690 to 11640
Resistance should appear near 11757 and 11817

 

JUNE HOGS
Support should appear near 8587 to 8557 and 8502 to 8482
Resistance should appear near 8667 to 8682 and 8762 to 8777

 

JULY HOGS
Support should appear near 8682 to 8662 and 8592 to 8562.

Resistance should appear near 8762 to 8777 and 8857 to 8872.

OCTOBER HOGS

Support should appear near 7957 to 7932

Resistance should appear near 8117 to 8132

Stay tuned for Livestock Flashes and Updates.

 

THE SATISFYING SOFTS
JULY COFFEE
Support should appear near the 17380 to 17310 and 16960 to 16890
Resistance should appear near 18080 to 18220 and 18580 to 18650

JULY COCOA
Resistance should appear near 2315 to 2322
Support should appear near 2185 to 2170.

 

JULY SUGAR
Support is at 1996 to 1982 region.
Resistance should appear near 2080 to 2089

 

 

JULY COTTON
Resistance should appear near 7939 to 7954 and 8029 to 8044
Support should appear 7689 to 7675 and 7513 to 7486

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

 

Happy Trading!
Bill wil@futurescom.com
Wednesday May 16, 2012
9:30 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 May 17, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs

FuturesCom Investment Publications 1- 772-236-9294 Terms of Use and Agreement   https://www.futurescom.com/policies.html FuturesCom Investment Publications © 2012 All Rights Reserved.