FuturesCom Morning Investment Comments Thursday May 10, 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–
Thursday May 10, 2012
4:00 AM South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKETS
DOW JONES INDUSTRIAL AVERAGE
Support should appear near the 12,740.00 to 12,680.00 region.
Resistance should appear near 12,890.00 and the 13,040.00 to 13,100.00 region..
JUNE E-MINI SP500
Resistance should appear near 1361.50 and the 1377.00 to 1383.00 region.
Support should appear near the 1346.00 to 1334.00 region
NASDAQ COMPOSITE
Resistance should appear near 2972.00 to 2990.00
Support should appear near 2883.00 to 2874.00
JUNE E-MINI NASDAQ 100
Resistance should appear near 2663.00 to 2672.00.
Support should appear near 2568.00 to 2552.00.
JUNE E-MINI RUSSELL 2000
Resistance should appear near 793.90 to 795.40 and 802.90 to 804.40
Support should appear near the 777.70 to 776.30 and 768.90 to 767.50.
Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 144-21and 145-07
Support should appear near 143-21 and 143-07.
JUNE 10 YR NOTE
Resistance should appear near 133-07 and the 133-21.
Support should appear near 132-07 and 131-21
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 8044 to 8029, a close over is friendly and augurs for a test of
8119 to 8134.
Support should appear near 7954 to 7939 and 7901
JUNE JAPANESE YEN
Resistance should appear near the12680 to 12740 region.
Support should appear near the 12380 to 12320 region
JUNE EURO CURRENCY
Support should appear near 12890 and 12740 to 12680
Resistance should appear near 13040 to 13100.
JUNE SWISS FRANC
Resistance should appear near 10820 then 10890 and the 10960 to 11010 region.
Support should appear near the 10680 to 10580 region.
JUNE BRITISH POUND
Support should appear near 16090, a close or extended trade under is negative and augurs for a test of 15927.
Resistance should appear near 16150 then 16317 and the 16420 to 16550 region, which should cap a rally.
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 10104 to 10136 and 10185.
Support should appear near 9937 to 9921
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1609 to 1615 and 1642 to 1655.
Support is near the 1576 to 1569 and 1535 to 1529
JULY COPPER
Resistance should appear near 37340 to 37430 and 37950 to 38060.
Support should appear near 36230 to 36130 and 35530 to 35630.
JULY SILVER
Resistance should appear near 2928 to 2937 and 2972 to 2990.
Support is at 2883 to 2874 and 2820 to 2829
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9821 to 9837 and 9921 to 9937
Support should appear near the 9641 to 9625 and 9542 to 9526 region.
JUNE HEATING OIL
Support should appear near 29370 to 29280 region.
Below that buyers should appear near 28830 to 28740.
Resistance should appear near 30360 to 30450 and the 30920 to 31020 region.
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 and 2226 to 2219
Resistance should appear near the 2519 to 2511 and 2552 to 2568
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1421 to 1415 and 1383 to 1377.
Resistance should appear near the 1453 to 1459 the 1484 to 1496 region.
JULY SOYMEAL
Resistance should appear near 423.8 to 424.9 and 430.4 to 431.5
Support should appear near 412.2 to 411.0 and 399.2 to 398.2
JULY BEAN OIL
Support should appear near 5211 to 5200 and the 5282 to 5259 region.
Resistance should appear near 5344 to 5356 and the 5418 to 5430 region
JULY CORN
Support should appear near 595 ¾ to 594 ½ and 588 to 585 ½
Resistance should appear near the 633 ¾ to 635 and 641 ¾ to 643
JULY WHEAT
Resistance should appear near 616 ½ to 619 and 633 ¾ to 635
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 11640 and 11532
Resistance should appear near 11690 and 11817
JUNE HOGS
Support should appear near 8407 to 8392 and the 8317 to 8302 region.
Below that buyers should appear near 8222 to 8192.
Resistance should appear near 8482 to 8502 and the 8557 to 8587 region. A close over is friendly and augurs for a test of 8667 to 8682
JULY HOGS
Support should appear near 8407 to 8392.Below that buyers should appear near 8317 to 8302.
Resistance should appear near 8567 to 8562 and the 8667 to 8682 region.
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 18080 to 18220 and the 19020 to19090 region.
BW Traders can sell at 18070 and hold for lower prices.
JULY COCOA
Resistance should appear near 2354 to 2370
Support should appear near 2275 to 2267 .
JULY SUGAR
Support is at1996 to 1982 region.
Resistance should appear near 2080 to 2089
JULY COTTON
Resistance should appear near 8668 to 8683 and 8756 to 8771
Support should appear 8589 to 8560 and 8314 to 8300
–A Ship in Harbor is Safe…But that is not what ships are built for —
Happy Trading!
Bill wil@futurescom.com
Thuesday May 10, 2012
5:45 AM 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 10, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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