Economic and Investment Trend Analysis

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FuturesCom Investment Publications
Morning Comments Monday April 17th 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

Dow Jones Industrial Average
Resistance remains near 11,155.00, a close over is friendly and augurs for a test of the 11,300.00 to 11,360 region ...Which now appears more likely than not to occur...
Support remains near 11,010.00 to 10,960 and 10,820.00

Trade accordingly

June SP500
Recommended open position 1318.90
Support should appear near 1289.00. Which should continue to contain a decline.. Below that Buyers should appear near 1274.00 to 1268.00
Resistance should appear near 1296.50, an extended trade over augurs for test of 1304.00 to 1310.00

NASDAQ Composite
Support should appear near the 2322 to 2315.00 and 2291.00
Resistance should appear the 2354.00 to 2370.00 region

June Mini NASDAQ 100
Resistance should appear near the 1731.00 to 1738.00 region
Support should appear near 1713.5 and the 1696 to 1689 region.

June Mini Russell 2000
Support is at 751.30 and 748.87.. below that buyers should appear near 742.80 to 741.40
Resistance should appear near 758.70 to 760.10 and the 767.50 to 768.90 region.
BW Traders should go if a close over 760.30 occurs.

June 10 Year T-Note
Resistance should appear near 105-21 and 106-07...
Support is at 105-07.. Below that a trade towards 104-21 is likely..

June 30 Year T-Bond
Resistance should appear near 107-07 and 107-21
Support is at 106-21and 106-07

June Yen
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 at 12173
Support should appear at 12030 to 11920
Resistance should appear near 12175 and 12247

June Swiss Franc
Recommended open position Short at 7761
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.

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 28740 to 28830 and the 30360 to 30450 region.
Support should appear near 27750 to 27580 and 26200 to 26120 and the 25680 to 25580 region

May Silver
Resistance should appear near 1289 and 1304.0 and 1310.0..Beyond that sellers should appear near 1334.0 to 1346.0 .
Support should appear near 1274.0 to 1268.0,a slip under augurs for a test of 1238.0 to 1232.0

May Crude Oil
Resistance should appear near at 6990 to 7003 and the 7074 to 7088 region
Support should appear 6836 to 6809 and the 6755 to 6743 region..

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 9960 . Beyond that sellers should appear near 20340 to 20420
Support should appear near 18650 to 18580 and 17800 to 17740 ..

June Cattle
Support should appear near 7512 to 7487 and 7427 to 7412...Below that a test of 7342 to 7327 is likely
Resistance is at 7587 to 7602 and 7672 to 7687.Beyond sellers should appear near 7762 to 7777 and 7837 to 7867.
BW. Traders can sell at 7832 and risk a close over 7972 for three days in row

June Hogs
Support is at 6432 to 6417 , a slip under augurs for a test of 6352 to 6337 and eventually the 6112 to 6102 region.
Resistance should appear near at 6482 to 6507 and 6577 to 6592..Beyond that sellers should appear near 6657 to 6672

Trade Accordingly

May Pork Bellies
Resistance should appear near 7837 to 7867 and 7937 to 7957
Support is at the 7692 to 7672 and the 7602 to 7587 region.

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 Soybean Meal
Recommended trade elected Long at 169.8
Resistance should appear near 175.60..Beyond that a test of the 177.4 to 178.0 region is likely.
Support should appear near 173.1 and 171.4.. below that buyers should appear near the 169.6 to 168.9 region
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
Recommended open position long at 235
Resistance should appear near 241 1/4 to 242 3/4 and 246 1/2 to 246 3/4
Support is at 235 1/2 and 232 1/4 to 231 1/2.

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,

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 1421 to 1415 and the 1383 to 1377 region .
Resistance should appear near 1453 to 1459 and 1484 to 1496

July Sugar
Resistance should appear near 1689 to 1696 and 1731 to 1738
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

Sunday April 16th 2006
8:55 AM 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.
FuturesCom Investment Publications © copyright 1996 – 2006 all rights reserved Terms

BW Recommended Open Positions 4-16-2006
Long June SP500 1318.9
Short June EC 12173
Short June Swiss Franc 7761
Long May Soybean Meal 169.8
Long May Bean Oil 2295
Long May Corn 235
Long July Coffee 11030
Long July Cotton 5365