Uncategorized

21 May

Data, Support and Resistance for 5-22

By Frank Lesh

Today’s data at 7:30 will be April Existing Home Sales, expected at 5.0M from 4.92M, at 9:30 will be the weekly energy stocks from the EIA, crude expected -800K, gasoline expected -500K, distillates expected +1.0M, and at 1:00 will be the release of the FOMC minutes from the 5/1 meeting. Fed Chairman Bernanke will address the Joint Economic Committee of Congress on the outlook for the US economy beginning at 9:00.

Market	ESM	GCM	CLN	ZCN	ZNM
22-May	mini sp	gold	crude	corn	ten yr
Daily
High	1673.25	1399.90	9722	64700	132 3/32
Low	1660.00	1358.00	9572	63250	131 16/32
Close	1665.50	1377.60	9618	64000	131 29/32

Resist	1694.7	1467.7	9965	67046	133 2/32
Resist	1686.5	1441.8	9872	66150	132 22/32
Resist	1681.4	1425.8	9815	65596	132 15/32
Resist**	1679.5	1420.4	9787	65433	132 14/32
Resist	1672.5	1399.0	9703	64717	132 5/32
Pivot	1666.3	1378.5	9637	63983	131 27/32
Mid Point*	-1666.6	-1379.0	-9647	-63975	-131 26/32
Support	1659.3	1357.1	9553	63267	131 18/32
Support**	1653.0	1336.6	9487	62533	131 8/32
Support	1651.8	1332.1	9479	62354	131 4/32
Support	1646.8	1316.1	9422	61800	130 29/32
Support	1638.6	1290.2	9329	60904	130 17/32

20 May

Data, Support and Resistance for 5-21

By Frank Lesh

There are no economic releases for today. Today is expiration for June crude oil.

Market	ESM	GCM	CLN	ZCN	ZNM
21-May	mini sp	gold	crude	corn	ten yr
Daily
High	1670.75	1397.90	9735	66075	132 3/32
Low	1659.75	1336.30	9547	64275	131 20/32
Close	1664.50	1384.10	9693	64950	131 26/32

Resist	1688.5	1497.6	10039	68987	132 27/32
Resist	1681.8	1459.5	9923	67875	132 18/32
Resist	1677.5	1436.0	9851	67187	132 12/32
Resist**	1676.0	1434.4	9846	66900	132 10/32
Resist	1670.3	1409.2	9770	65925	132 2/32
Pivot	1665.0	1372.8	9658	65100	131 27/32
Mid Point*	-1665.3	-1367.1	-9641	-65175	-131 28/32
Support	1659.3	1347.6	9582	64125	131 19/32
Support**	1654.0	1311.2	9470	63300	131 12/32
Support	1653.0	1298.2	9431	63163	131 11/32
Support	1648.8	1274.7	9359	62475	131 5/32
Support	1642.0	1236.6	9243	61363	130 28/32

20 May

Data, Support and Resistance for 5-20

By Frank Lesh

Today’s data at 7:30 will be the May Chicago Fed National Activity Index, last at -.23, (actual -.53). The USDA releases export inspections at 10:00 and crop progress at 3:00.

Market	ESM	GCM	CLN	ZCN	ZNM
20-May	mini sp	gold	crude	corn	ten yr
Daily
High	1665.75	1391.30	9674	65600	132 17/32
Low	1648.25	1353.60	9506	63825	131 25/32
Close	1663.00	1364.70	9629	65275	131 27/32

Resist	1694.1	1452.3	9946	68472	133 24/32
Resist	1683.3	1429.0	9842	67375	133 9/32
Resist	1676.6	1414.6	9778	66697	133
Resist**	1676.5	1407.6	9771	66675	132 26/32
Resist	1669.8	1386.1	9700	65975	132 10/32
Pivot	1659.0	1369.9	9603	64900	132 2/32
Mid Point*	-1657.0	-1372.5	-9590	-64713	-132 5/32
Support	1652.3	1348.4	9532	64200	131 18/32
Support**	1641.5	1332.2	9435	63125	131 10/32
Support	1637.4	1330.3	9402	62728	131 10/32
Support	1630.8	1315.9	9338	62050	131 1/32
Support	1619.9	1292.6	9234	60953	130 18/32

Market	ESM	GCM	CLN	ZCN	ZNM
20-May	mini sp	gold	crude	corn	ten yr
Weekly
High	1665.75	1448.30	9674	66100	132 17/32
Low	1621.50	1353.60	9240	63250	131 16/32
Close	1663.00	1364.70	9629	65275	131 27/32

Resist	1737.3	1601.5	10376	70711	134 6/32
Resist	1710.0	1543.0	10108	68950	133 18/32
Resist	1693.1	1506.8	9942	67861	133 5/32
Resist**	1694.3	1483.6	9948	67725	133
Resist	1678.7	1324.1	9789	66500	132 13/32
Pivot	1650.1	1388.9	9514	64875	131 31/32
Mid Point*	-1643.6	-1401.0	-9457	-64675	-132 1/32
Support	1634.4	1329.4	9355	63650	131 12/32
Support**	1605.8	1294.2	9080	62025	130 30/32
Support	1594.2	1295.1	8972	61489	130 28/32
Support	1577.3	1258.9	8806	60400	130 15/32
Support	1549.9	1200.4	8538	58639	129 27/32

16 May

Data, Support and Resistance for 5-17

By Frank Lesh

Today’s data at 8:55 will be May Consumer Sentiment, expected at 78.0 from 76.4, and at 9:00 will be April LEI, expected +.3%. Today is expiration for May stock index options.

Market	ESM	GCM	CLN	ZCN	ZNM
17-May	mini sp	gold	crude	corn	ten yr
Daily
High	1658.75	1397.00	9583	65200	132 17/32
Low	1646.00	1368.00	9350	64025	131 23/32
Close	1648.00	1386.90	9545	64150	132 15/32

Resist	1679.4	1443.9	9960	67101	133 27/32
Resist	1671.5	1426.0	9816	66375	133 11/32
Resist	1666.6	1414.9	9727	65926	133 1/32
Resist**	1663.7	1413.0	9726	65633	133 2/32
Resist	1655.8	1399.9	9635	64892	132 24/32
Pivot	1650.9	1384.0	9493	64458	132 8/32
Mid Point*	-1652.4	-1382.5	-9467	-64613	-132 4/32
Support	1643.1	1370.9	9402	63717	131 30/32
Support**	1638.2	1355.0	9260	63283	131 14/32
Support	1638.1	1350.1	9206	63299	131 7/32
Support	1633.3	1339.0	9117	62850	130 29/32
Support	1625.4	1321.1	8973	62124	130 13/32

15 May

Data, Support and Resistance for 5-16

By Frank Lesh

Today’s data at 7:30 will be the April CPI, expected -.3%, Ex-food and energy, expected +.2%, April Housing Starts, expected at 969K from 1.03M, Housing Permits, expected at 945K from 902K, at 9:00 will be the May Philly Fed Survey, expected expected at 2.2 from 1.3, and at 9:30 will be the weekly nat gas stocks from the EIA, expected +95bcf. Today is expiration for June crude oil options.

Market	ESM	GCM	CLM	ZCN	ZNM
16-May	mini sp	gold	crude	corn	ten yr
Daily
High	1659.75	1429.40	9443	65975	132 1/32
Low	1642.75	1386.40	9213	64500	131 16/32
Close	1654.25	1396.20	9430	65075	131 27/32

Resist	1687.3	1499.0	9815	68362	132 29/32
Resist	1676.8	1472.4	9673	67450	132 18/32
Resist	1670.3	1456.0	9585	66887	132 12/32
Resist**	1669.3	1447.0	9592	66658	132 10/32
Resist	1661.8	1421.6	9511	65867	132 3/32
Pivot	1652.3	1404.0	9362	65183	131 25/32
Mid Point*	-1651.3	-1407.9	-9328	-65238	-131 25/32
Support	1644.8	1378.6	9281	64392	131 18/32
Support**	1635.3	1361.0	9132	63708	131 8/32
Support	1632.2	1359.8	9071	63588	131 5/32
Support	1625.8	1343.4	8983	63025	130 31/32
Support	1615.2	1316.8	8841	62113	130 20/32

14 May

Data, Support and Resistance for 5-15

By Frank Lesh

Today’s data at 7:30 will be the April PPI, expected -.7%, Ex-food and energy, expected +.2%, the May Empire State Mfg. Survey, expected at 3.75 from 3.05, at 8:00 will be March TIC Flows, at 8:15 will be April Industrial Production, expected -.2%, Capacity Utilization, expected -.2 to 78.3, Manufacturing, expected +.1%, at 9:00 will be the NAHB Housing Market Index, expected at 44 from 42, and at 9:30 will be the weekly energy stocks from the EIA, crude expected +500K, gasoline expected -1.0M, and distillates expected +500K.

Market	ESM	GCM	CLM	ZCN	ZNM
15-May	mini sp	gold	crude	corn	ten yr
Daily
High	1648.75	1444.90	9566	65775	132 5/32
Low	1626.50	1419.70	9385	64650	131 17/32
Close	1648.00	1424.50	9421	65250	131 23/32

Resist	1684.8	1485.7	9859	67595	133 5/32
Resist	1671.0	1470.1	9747	66900	132 25/32
Resist	1662.5	1460.5	9678	66470	132 17/32
Resist**	1663.3	1454.9	9638	66350	132 14/32
Resist	1655.7	1439.7	9530	65800	132 2/32
Pivot	1641.1	1429.7	9457	65225	131 26/32
Mid Point*	-1637.6	-1432.3	-9476	-65213	-131 27/32
Support	1633.4	1414.5	9349	64675	131 14/32
Support**	1618.8	1404.5	9276	64100	131 6/32
Support	1612.7	1404.1	9273	63955	131 5/32
Support	1604.3	1394.5	9204	63525	130 29/32
Support	1590.5	1378.9	9092	62830	130 17/32

13 May

Data, Support and Resistance for 5-14

By Frank Lesh

Today’s data at 7:30 will be April Import Prices, expected -.5%, and Export Prices, expected -.1%.

Market	ESM	GCM	CLM	ZCN	ZNM
14-May	mini sp	gold	crude	corn	ten yr
Daily
High	1633.25	1448.30	9581	66100	132 5/32
Low	1621.50	1424.70	9447	63250	131 23/32
Close	1630.75	1434.30	9517	65550	131 31/32

Resist	1652.3	1486.5	9798	70711	132 28/32
Resist	1645.0	1471.9	9715	68950	132 19/32
Resist	1640.5	1462.9	9664	67861	132 14/32
Resist**	1640.3	1459.4	9649	67817	132 12/32
Resist	1635.5	1446.8	9583	66683	132 6/32
Pivot	1628.5	1435.8	9515	64967	131 30/32
Mid Point*	-1627.4	-1436.5	-9514	-64675	-131 30/32
Support	1623.8	1423.2	9449	63833	131 24/32
Support**	1616.8	1412.2	9381	62117	131 16/32
Support	1614.2	1410.1	9364	61489	131 14/32
Support	1609.8	1401.1	9313	60400	131 9/32
Support	1602.5	1386.5	9230	58639	131

13 May

Data, Support and Resistance for 5-13

By Frank Lesh

Today’s data at 7:30 will be April Retail Sales, expected -.3%, Ex-autos, expected -.1%, and at 9:00 will be March Business Inventories, expected +.3%. The USDA releases export inspections at 10:00 and crop progress at 3:00.

Market	ESM	GCM	CLM	ZCN	ZNM
13-May	mini sp	gold	crude	corn	ten yr
Daily
High	1631.00	1461.20	9624	64850	132 24/32
Low	1620.25	1418.50	9337	62500	131 28/32
Close	1629.50	1436.60	9604	63625	132 2/32

Resist	1648.4	1530.3	10088	68652	134 5/32
Resist	1641.8	1503.9	9911	67200	133 20/32
Resist	1637.6	1487.6	9801	66302	133 9/32
Resist**	1637.7	1481.5	9809	66008	133 3/32
Resist	1633.6	1459.0	9706	64817	132 19/32
Pivot	1626.9	1438.8	9522	63658	132 7/32
Mid Point*	-1625.6	-1439.9	-9481	-63675	-132 10/32
Support	1622.8	1416.3	9419	62467	131 23/32
Support**	1616.2	1396.1	9235	61308	131 11/32
Support	1613.6	1392.1	9160	61048	131 11/32
Support	1609.5	1375.8	9050	60150	131
Support	1602.9	1349.4	8873	58698	130 15/32

Market	ESM	GCM	CLM	ZCN	ZNM
13-May	mini sp	gold	crude	corn	ten yr
Weekly
High	1632.25	1478.40	9717	65250	132 31/32
Low	1607.25	1418.50	9337	62500	131 28/32
Close	1629.50	1436.60	9604	63625	132 2/32

Resist	1672.7	1575.3	10332	69700	134 24/32
Resist	1657.3	1538.3	10097	68000	134 2/32
Resist	1647.7	1515.4	9952	66950	133 21/32
Resist**	1648.0	1504.4	9933	66542	133 13/32
Resist	1638.8	1470.5	9768	65083	132 23/32
Pivot	1623.0	1444.5	9553	63792	132 10/32
Mid Point*	-1619.8	-1448.5	-9527	-63875	-132 14/32
Support	1613.8	1410.6	9388	62333	131 20/32
Support**	1598.0	1384.6	9173	61042	131 7/32
Support	1591.8	1381.5	9102	60801	131 6/32
Support	1582.3	1358.6	8957	59750	130 25/32
Support	1566.8	1321.6	8722	58051	130 3/32

10 May

Data, Support and Resistance for 5-10

By Frank Lesh

Today’s data at 1:00 will be the April Treasury Budget, expected +107.5B. The USDA releases the May Crop Production, Supply and Demand Report at 11:00.

Market	ESM	GCM	CLM	ZCN	ZNM
10-May	mini sp	gold	crude	corn	ten yr
Daily
High	1632.25	1476.00	9677	65250	132 31/32
Low	1620.00	1452.10	9535	62900	132 22/32
Close	1624.50	1468.60	9639	64875	132 23/32

Resist	1652.1	1514.7	9907	69052	133 14/32
Resist	1644.5	1499.9	9819	67600	133 8/32
Resist	1639.8	1490.8	9765	66702	133 5/32
Resist**	1637.8	1489.5	9759	66692	133 2/32
Resist	1631.2	1479.0	9699	65783	132 29/32
Pivot	1625.6	1465.6	9617	64342	132 25/32
Mid Point*	-1626.1	-1464.1	-9606	-64075	-132 27/32
Support	1618.9	1455.1	9557	63433	132 20/32
Support**	1613.3	1441.7	9475	61992	132 16/32
Support	1612.4	1437.3	9447	61448	132 16/32
Support	1607.8	1428.2	9393	60550	132 13/32
Support	1600.2	1413.4	9305	59098	132 7/32

08 May

Data, Support and Resistance for 5-9

By Frank Lesh

Today’s data at 7:30 will be weekly Jobless Claims, expected +11K to 335K, at 9:00 will be March Wholesale Trade, Inventories expected +.4%, and at 9:30 will be the weekly nat gas stocks from the EIA, expected +80bcf. The Treasury will auction 16B in 30 yr. bonds with results at 12:00. The USDA releases export sales at 7:30.

Market	ESM	GCM	CLM	ZCN	ZNM
9-May	mini sp	gold	crude	corn	ten yr
Daily
High	1629.50	1475.80	9677	64300	132 28/32
Low	1617.00	1446.70	9524	62650	132 17/32
Close	1628.75	1473.70	9662	63300	132 25/32

Resist	1649.7	1522.9	9925	66970	133 14/32
Resist	1642.0	1504.9	9830	65950	133 7/32
Resist	1637.2	1493.8	9772	65320	133 3/32
Resist**	1637.6	1494.5	9774	65067	133 2/32
Resist	1633.2	1484.1	9718	64183	132 30/32
Pivot	1625.1	1465.4	9621	63417	132 23/32
Mid Point*	-1623.3	-1461.3	-9601	-63475	-132 23/32
Support	1620.7	1455.0	9565	62533	132 19/32
Support**	1612.6	1436.3	9468	61767	132 12/32
Support	1609.3	1428.7	9429	61630	132 10/32
Support	1604.5	1417.6	9371	61000	132 6/32
Support	1596.8	1399.6	9276	59980	131 31/32

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