April NFP fell by 539K; the unemployment rate rose to 5.9%. The whisper number was under 500K; that and downward revisions for March and Feb take some of the steam out the reports.Informa release their estimate for corn and soybean acres later this morning, before the open I believe.

June S&P:Momentum is bullish; resistance is 920 then yesterday’s high of 929.50.Support is 915.
June NASDAQ:1406.50 is key resistance now.
June Treasury Bonds:We’re past the refunding; I expect Bonds to find a bid today. Resistance is 12028 then 12106.
June Dollar Index:Approaching the 3/14 low of 83.145; that’s the last support for a while.
June Euro Currency:The April high at 13582 is the next objective.
June British Pound:Resistance is at 15100, looks bullish.
June Gold:Momentum is bullish, price action isn’t.Failed over 920 again; 909 is support.
July Sugar:Momentum sell short day; 1513 is the first downside target.
July Cocoa:2548 is a 50% retracement of the April selloff.Momentum is on a sell short signal, but there’s also a bullish MACD crossover.
July Coffee:Doji yesterday; it held the 12350 area. Momentum is bullish.
July Cotton: Broke over a recent little double to at 5940.
June Live Cattle:Ready to breakout up?8287 then 8317 are resistance.
June Hogs:Breakout setup on the Globex chart; 6777 is a breakout point.
July Soybeans: Momentum buy day; held trendline support at 1098-4. Resistance is 1113 then 1117-4.
July Corn:417-4 is still key resistance; the bulls need a close over there.

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.

www.FeedBurner.com) Swing Traders Insight Futures Watch List for May 8

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