FuturesCom Morning Investment Comments Wednesday May 16, 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–
Tuesday May 15, 2012
5:00 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 and 12,890.00.
JUNE E-MINI SP500
Resistance should appear near 1334.00 to 1346.00 then 1361.50 and the 1377.00 to 1383.00 region.
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 2568.00 to 2552.00 and the 2519.00 to 2511.00 region.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 783.60 to 786.40 and 793.90 to 795.40.
Support should appear near the 776.30 and the 768.9 to 767.50 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 12740 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 15927 and 15842
Resistance should appear near the 16090 to 16150 region.
JUNE CANADIAN DOLLAR
Resistance should appear near 10021 to 10037 and 10104 to 10136
Nearby Support should appear near 9937 to 9921 and 9838 to 9821
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 region.
JULY COPPER
Resistance should appear near 35530 to 35630 and 36120 to 36230.
Support should appear near 35030 to 34930 and 34430 to 34250
JULY SILVER
Resistance should appear near 2820 to 2829 and 2874 to 2883.
Support is at 2758 and 2724 to 2716
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 28830 to 28740.
Resistance should appear near 29720 to 29900
JUNE UNLEADED GAS
Support should appear near 29370 to 29280 and 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 2370 to 2354.
Resistance should appear near the 2552 to 2568 region
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1383 to 1377 and 1346 to 1334
Resistance should appear near the 1415 to 1421 and 1453 to 1459.
JULY SOYMEAL
Resistance should appear near 423.8 to 424.9 and 430.4 to 431.5
Support should appear near 412.0 to 411.0 and 399.2 to 398.2
JULY BEAN OIL
Support should appear near 5067 to 5056.
Resistance should appear near 5200 to 5211
JULY CORN
Support should appear near 588 to 585 ½
Resistance should appear near 602 ¼ to 603 ½
JULY WHEAT
Resistance should appear near 610 ¼ to 611 ¼ and 616 ½ to 619
Support should appear near 595 ¾ to 594 ½ and 580 ½ to 579 ¼
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11507 and 11360 to 11320
Resistance should appear near 11640 to 11690 and 11757
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 7867 to 7832 and 7777 to 7762
Resistance should appear near 8027 to 8047 and 8117 to 8132
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 2267 to 2275
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 7777 to 7763 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
Tuesday May 15, 2012
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 Wednesday May 16, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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