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FuturesCom Investment Publications
Morning Comments Thursday April 13th 2006
Serving Professional and Individual Traders World Wide since 1979
1650 SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free : 1-866-409-3890 - Intl : 1- 772-621-4234 http://www.futurescom.com
Wed April 12th 2006
2:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near the 11,155.00, a close over is friendly and augurs for a test of the 11,300.00 to 11,360 region
Support remains near 11,010.00 to 10,960 and 10,820.00
June SP500
Recommended open position 1318.90
Support should appear near 1289.00. Which should contain a decline.. Below that Buyers should appear near 1274.00 to 1268.00
Resistance should appear near 1304.00 to 1310, a close over is friendly and augurs for a test of 1322.00 …
NASDAQ Composite
Support should appear near the 2275.00 to 2267.00 region
Resistance should appear the 2315 to 2322 , a close over is friendly augurs for a test of the 2354.00 to 2370.00 region
June Mini Nasdaq 100
Resistance should appear near the 1731.00 to 1738.00
Support should appear near 1713.5 and the 1696 to 1689 region.
June Mini Russell 2000
Recommended open position Long at 748.7
Support is at 742.80 to 741.40 and 734.20 to 732.60
Resistance should appear near 751.3 and 758.70 to 760.10
BW Traders should go if a close over 760.30 occurs.
June 10 Year T-Note
Resistance should appear near 106-07 and 106-21..Beyond that sellers should appear near 107-07 .
Support is at 105-21 and 105-07.. Below that a trade towards 104-21 is likely..
June 30 Year T-Bond
Resistance should appear near 108-08 and 108-21
Support is at 107-21 and 107-07
The Frenzied Forex Front
June Yen
Recommended open position Short at 8559
Resistance should appear near 8560 to 8589 and the 8668 to 8683 region
Support should appear near 8499 to 8484 , a close under is negative and augurs for a test of 8406 to 8391
June Euro Currency (EC)
Recommended open Position Short 2 at 12246 avg
Support should appear at 12030 to 11920
Resistance should appear near 12175 and 12247
June Swiss Franc
Recommended open position Short 2 at 7790 avg
Resistance should appear near 7763 to 7777...Beyond that sellers should appear near 7836 to 7864
Support should appear near 7689 to 7675, a close under augurs for a test of 7601 to 7587
BW Traders should go short if a close under 7673 occurs
June British Pound
Support should appear near 17380 to 17320 , a close under augurs for a test of 17136
Resistance should appear near the17740 to 17800 region.
June Canadian Dollar
Resistance should appear near 8762 to 8777
Support is at 8683 to 8668
June Aussie Dollar
Support should appear near 7255 to 7242 , a close under is negative and augurs for a test of 7170 to 7143
Resistance should appear near 7328 to 7342 and 7414 to 7428.
Precious Metals
June Gold
Resistance should appear at 602.3 to 603.5 610.3 to 611.3
Support is at 588.0 to 585.5 and 572.9 to 571.6
May Copper
Resistance should appear near 27750 and 28740 top 28830
Support should appear near 26200 to 26120 and the 25680 to 25580 region
May Silver
Resistance should appear near the 1289 and 1304.0 and 1310.0 .
Support should appear near 1238.0 to 1232.0
The Exciting Energies
May Crude Oil
Resistance should appear near at 6906 to 6919 and the 6990 to 7003 region
Support should appear 6755 to 6743 and 6673 to 6659.
May Unleaded Gas
Resistance should appear near 21260 to 21340 and 21700 to 21850
Support should appear near 19530 to 19460 and 1990 to 19020
May Heating Oil
Resistance should appear at 19820 to 19960 . Beyond that sellers should appear near 20340 to 20420
Support should appear near 18650 to 18580 and 17800 to 17740 ..
The Lively Livestock
June Cattle
Support should appear near 7512 to 7487 and 7427 to 7412.
Resistance is at 7587 to 7602 and 7672 to 7687
June Hogs
Support is at 6432 to 6417 and 6352 to 6337 .
Resistance should appear near at 6482 to 6507 and 6577 to 6592
May Pork Bellies
Resistance should appear near 8117 to 8137 and 8192 to 8222
Support is at the 7957 to 7937 and 7867 to 7837
Trade Accordingly..
The Grande’ Grains
May Soybeans
Resistance at 564 to 565 1/4 and 571 3/4 to 572 3/4
Support should appear near 557 3/4 to 555 3/4 and 550 1/2 to 549 1/4
BW Traders should go long if a close over 565 3/4 occurs.
May Soymeal
Recommended trade elected Long at 169.8
Resistance should appear near 173.1 to 173.80
Support should appear near 165.5 to 164.2
BW Traders should go long if a close over 173.9 occurs.
May Soybean Oil
Recommended Open Position Long at 2295
Resistance should appear near 2267 to 2275 and 2315 to 2322 .
Support should appear near the 2226 to 2219 region BW Traders can buy at 2227 for a
bounce and risk a close under 2157 for three days in a row.
May Corn
Resistance should appear near 241 1/4 to 242 3/4 and 246 1/2 to 246 3/4
Support is at 237 to 235 1/2 and 232 1/4 to 231 1/2. BW Traders can buy at 235 and hold for higher prices..
May Wheat
Resistance should appear near 361 1/4 to 362 1/4 then 366 1/4 to 368 and the 373 1/2 to 374 1/4 region.
BW Traders can sell at 373 1/4 and hold for lower prices..
Support should appear near 356 1/4 to 355 1/4 and 350 1/4 to 349 1/4,
The Satisfying Softs
July ‘The Monster ' Coffee
Recommended open position long at 11030
Support should appear near 10680 to 10580 and the 10360 to 10320 region.
Resistance should appear near 11030 to 11300 and 11300 to 11360
BW Traders should go long if a closed over 11175 occurs.
July Cocoa
Support is at 1453. Below that a test of 1421 to 1415 and the 1383 to 1377 region is likely.
Resistance should appear near 1484 to 1496 and the 1529 to 1535 region
July Sugar
Resistance should appear near 1731 to 1738 and the 1808 to 1822 region...
Support should appear near 1655 to 1642, a close under is negative and augurs for a test of 1615 to 1609 region
July Cotton
Recommended open position long at 5365
Support should appear near 5355 to 5345 and 5285 to 5255
Resistance should appear near 5490 to 5505 and 5555 to 5580
- A Ship in Harbor is Safe...But that is not what ships are built for -
Happy Trading !
Bill wil@futurescom.com
1-866-409-3890
Wed April 12th 2006
3:00 PM 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 TRADING ARE 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. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.
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BW Recommended Open Positions 4-12-2006
Long June SP500 1318.9
Long June Mini Russell 748.70
Short June Yen 8559
Short 2 June EC 12246 avg
Short 2 June Swiss Franc 7790 avg
Long May Soymeal 169.8
Long May Bean Oil 2295
Long July coffee 11030
Long July Cotton 5365