June S&P:Momentum is neutral; we’re about in the middle of the recent range. The past few days have been choppy; there will eventually be a move out of here.
June Dow:Bullish momentum; 7925 is resistance.
June Treasury Bonds:Momentum buy day; 12500 is key resistance.
June Japanese Yen:Watch trendline support at 10151.
June EuroFX:Resistance is at 13076 then 13100. Tomorrow will be a momentum sell short day.
June Canadian Dollar:Breakout setup; 8120 is resistance.
June Gold:Breakout setup; resistance is at Tuesday’s high of 896.40.
July Silver:Cleared resistance at 1236; 1250 is next resistance.
July Copper:Look for a breakout; watch 20960 and 20085.
July Cocoa:Trading at the top of the channel at 2440.
July Sugar:There’s trendline resistance at 1376, support at 1350.
July Cotton:There’s resistance at 5190; breaking it could lead to a move to the 5310 high.
June Crude Oil:Rally on a breakout day; 5020 is resistance to watch.
June Hogs:Getting closer to the bottom of the pennant at 7123.
July Soybeans:Breakout setup; watch the swing high at 1064-4.
July Wheat:Ready to break down?Watch 523 and 521.
July Corn:378 has been good support; watch for a directional move today.388 is resistance.
This is the morning update to my Swing Trader’s Insight advisory service. For information on STI, and to sign up for a free two week trial, visit here.
.gif "Swing Traders Insight Futures Watch List for April 23")
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