FuturesCom Bi-Weekly Investment Outlook # 395 Sunday May 06 2012 SP500 and Equity Indices • Bonds • Forex • Precious Metals • Energy • Grains • Livestock • Coffee • Sugar • Cocoa • Cotton. 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–
Sunday May 06. 2012
4:00 AM 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 12,890.00 and the 12,740.00 to 12,680.00 region.
Resistance should appear near 13,100.00 then 13,220.00 and the 13,340.00 to 13,460.00 region.
JUNE E-MINI SP500
Resistance should appear near 1377.00 to 1383.00 then 1399.00 and the 1415.00 to 1421.00 region.
Support should appear near 1361.50, failure there augurs for a test of the 1346.00 to 1334.00 region, which appears more likely than not to occur.
NASDAQ COMPOSITE
Resistance should appear near 2990.00 to 2972.00 and the 3036.00 to 3045.00 region.
Support should appear near 2937.00 to 2928.00 and the 2883.00 to 2874.00 region.
JUNE E-MINI NASDAQ 100
Resistance should appear near 2663.00 to 2672.00 and the 2716.00 to 2724.00 region. Beyond that sellers should appear near 2758.00 to 2775.00 can cap a rally.
Support should appear near 2620.00 to 2612.00, a close under is negative and augurs for a test of the 2568.00 to 2552.00 region, which should contain a decline.
JUNE E-MINI RUSSELL 2000
Resistance should appear near the 793.90 to 795.40 and the 811.90 to 813.40 region. Beyond that sellers should appear near 819.40 to 822.30 and cap a rally.
Support should appear near the 786.40 to 783.60 region. Below that buyers should appear near the 777.70 to 776.30 region, failure to maintain 777.70 to 776.30 is negative and augurs for an eventual test of 768.90 to 767.50 and most likely the 733.20 to 732.80 region.
Trade accordingly.
JUNE 30 YR BOND
Resistance should appear near 144-07 and 144-21. Beyond that sellers should appear near 145-07.
Support should appear near 143-07 and 142-21. Below that a test of 141-21 is likely.
JUNE 10 YR NOTE
Resistance should appear near 133-07 and the 133-21. Beyond that sellers should appear near
134-07 and cap a rally.
Support should appear near 132-07 and 131-21 a close under is negative and augurs
for a test of 130-07 which should hold for now.
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 the 7954 to 7939 and 7901 which should contain a decline.
Below that buyers should appear near 7864 to 7836 and contain a decline.
JUNE JAPANESE YEN
Resistance should appear near the 12530 and the 12780 to 12740 region.
Support should appear near 12380 to 12320, a close under is negative and augurs for an eventual test of the 12030 to 11920 region.
JUNE EURO CURRENCY
Support should appear near 13040, a close under is negative and augurs for a test of 12890 and eventually the 12740 to 12680 region.
Resistance should appear near 13100 and 13220. Beyond that sellers should appear near the 13340 to 13460 region. .
Traders should Go Short if a close under 13037 occurs.
JUNE SWISS FRANC
Resistance should appear near 10960 to 11010 then 11082 and 11155.
Support should appear near 10820 below that a test of 10680 to 10580 is likely.
Traders should go short if a close under 10817 occurs
JUNE BRITISH POUND
Support should appear near 16090, a close or extended trade under is negative and augurs for a test of 15927, failure there indicates a trade towards the 15760 to 15690 region is likely to occur.
Resistance should appear near 16150 and 16317 and the 16420 to 16550 region, which should cap a rally.
JUNE CANADIAN DOLLAR
Resistance should appear near 10104 to 10136 and 10185. Beyond that sellers should appear near 120320 to 10360.
Nearby Support should appear near 10037 to 10021 and 9937 to 9921, below that a test of 9837 to 9821 is likely.
JUNE AUSSIE DOLLAR
Resistance should appear near 10237 and 10320 to 10360.
Nearby Support should appear near the 10136 to 10104 region. Below that a test of 10037 to 10021 is likely.
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1655 then 1672 and the 1689 to 1696 region. Traders can sell at 1671.0 and initially plan on risking a close over 1697 for three days in a row. Beyond that sellers should appear near 1731 to 1738.
Support is near 1628.5 and the1615 to 1609 region, a close under is negative and augurs for a test of 1576 to 1569.
JULY COPPER
Resistance should appear near 37340 to 37430 and 37950 to 38060. Beyond that sellers should appear near 38580 to 38670 and cap a rally.
Support should appear near 36820 to 36630 and the 36230 to 36130 region. Below that a test of 35630 to 35530 is likely
JULY SILVER
Resistance should appear near 3092 to 3102 and the 3148 to 3157 region. Beyond that sellers should appear near 3194 to 3213.
Support is at 2990 to 2972 and the 2937 to 2928 region. Below that a test of 2883 to 2874 is likely to occur.
THE EXCITING ENERGIES
JULY CRUDE OIL
Resistance should appear near 9921 to 9937 and the 10104 to 10136 region Beyond that sellers should appear near 10320 to 10360.
Support should appear near the 9737 to 9706 and the 9542 to 9526 region. Below that buyers should appear near 9347 to 9316. Traders can buy at 9750 for a turn higher and hold for higher prices.
JUNE HEATING OIL
Support should appear near the 29900 to 29720 and the 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 2185 to 2170 and 2134 to 2126, below that a test of 2042 to 2034 is likely.
Resistance should appear near 2315 to 2322 and the 2411 to 2419 region, which should cap a rally
THE GRANDE’ GRAINS
JULY SOYBEANS
Support should appear near 1421 to 1415 and 1383 to 1377.
Resistance should appear near the 1484 to 1496 and the 1529 to 1535 region.
JULY SOYMEAL
Resistance should appear near 437.0 to 438.1 and the 442.4 to 444.6 region. Beyond that sellers should appear near 450.3 to 451.4 and cap a rally.
Support should appear near 424.9 to 423.8 and the 412.2 to 411.0 region. A close under is negative and augurs for a test of 399.2 to 398.2 region.
JULY BEAN OIL
Support should appear near 5356 to 5344 and the 5282 to 5259 region. Below that buyers should appear near 5139 to 5127.
Resistance should appear near the 5553 to 5577region and the 5640 to 5653 region.
JULY CORN
Support should appear near 595 ¾ to 594 ½, a close under augurs for a test of 588 to 585 ½ and eventually the 572 ¾ to 571 ¾ region. Below that buyers should appear near 557 ¾ to 555 ¼
Resistance should appear near the 633 ¾ to 635 region. Beyond that sellers should appear near 648 ¼ to 650 ¾ and cap a rally.
JULY WHEAT
Resistance should appear near 616 ½ to 619 and 633 ¾ to 635 .Beyond that sellers should appear near the 641 ¾ to 643 and cap a rally.
Support should appear near 603 ½ to 602 ¾ and the 580 ¾ to 579 ½ region, below that a test of
557 ¾ to 555 ¼ is likely.
Stay tuned for Grain Flashes
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear near 11360 to 11300 and the 11010 to 10960 region.
Resistance should appear near 11640 to 11690 and the 11920 to 12030 region, which should cap a rally. Traders can sell at 11917 and risk a close over 12042 for three days in a row.
JUNE HOGS
Support should appear near 8317 to 8302. Below that buyers should appear near 8222 to 8192.
Resistance should appear near 8392 to 8407 and the 8482 to 8502 region. A close over is friendly and augurs for a test of 8667 to 8682… Beyond that sellers should appear near 8772 to 8777 and the 8852 to 8872 region, which should cap a rally… Traders can sell at 8852 and hold for lower prices.
JULY HOGS
Support should appear near 8502 to 8482 and the 8407 to 8392 region .Below that buyers should appear near 8317 to 8302.
Resistance should appear near 8567 to 8562 and the 8667 to 8682 region. Beyond that sellers should appear near 8772 to 8777 and the 8932 to 8967 region, which should cap a rally. Traders can sell at 8932 and hold for lower prices.
OCTOBER HOGS
Support should appear near 7957 to 7932 and the 7867 to 7832 region. Below that a test of 7777 to 7762 is likely and should contain a decline.
Resistance should appear near 8027 t0 8047 and the 8300 to 8317 region.
Traders can sell at 8297 and hold for lower prices.
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.
Traders can sell at 18070 and hold for lower prices.
JULY COCOA
Resistance should appear near the 2315 to 2322 region. Beyond that sellers should appear near 2354 to 2370 and cap a rally.
Support should appear near 2185 to 2170 and 2089 to 2080. A close under is negative and augurs for a test of 1909 to 1902 and the 1865 to 1858 region.
JULY SUGAR
Support is at 2042 to 2034 and the 1996 to 1982 region… Below that buyers should appear near 1909 to 1902. Traders can buy at 1912 and risk a close under 1855 for three days in a row.
Resistance should appear near 2126 to 2134 and the 2219 to 2226 region. Beyond that sellers should appear near 2267 to 2275.
JULY COTTON
Resistance should appear near 8934 to 8964 and the 9140 to 9156 region
Support should appear 8777 to 8762. Below that a test of 8683 to 8668 and the 8314 to 8300 region is likely. 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
Sunday May 06, 2012
11:00 AM South Florida Beach Time
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FuturesCom Bi-Weekly Investment Outlook Sunday May 6, 2012 Equity Indices – Treasuries – Forex – Precious Metals – Energy – Grains – Livestock – Softs
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