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FuturesCom Investment Publications
Morning Comments Friday April 21st 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
Thursday April 20th 2006
8:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near 11,360.00..beyond that sellers should appear near 11.500.00
Support should appear near 11,300.00 and 11,155.00
Trade accordingly
June SP500
Support should appear near 1310.00 to 1304.00
Resistance should appear near 1334.00 to 1346.00
NASDAQ Composite
Support should appear near 2354 and 2322.00 to 2315.00
Resistance should appear the 2370.00 and 2411.00 to 2419.00
June Mini NASDAQ 100
Resistance should appear near the 1774.00 to 12780.00 region
Support should appear near the 1738.00 to 1731.0 region.
June Mini Russell 2000
Support is at 777.70 to 776.30 and 768.90 to 767.50
Resistance should appear near 783.60 to 786.40 and 793.90 to 795.40
June 10 Year T-Note
Resistance should appear near105-21 and 106-07.
Support is at 105-07 and 104-21
June 30 Year T-Bond
Resistance should appear near 107-07 and 107-21
Support is at 106-21 and 106-07
The Frenzied Forex Front
June Yen
Recommended open position Short at 8560
Resistance should appear near the 8668 to 8683 region
Support should appear near 8499 to 8484
June Euro Currency (EC)
Recommended open Position Short 2 at 12235 avg
Support should appear at 12247 and 12175
Resistance should appear near 12380 and 12455
June Swiss Franc
Recommended open position Short 2 at 7802 avg
Resistance should appear near 7939 to 7954
Support should appear near 7777 to 7763
June British Pound
Support should appear near 17740 and 17560
Resistance should appear near 17960 and 18020 to 18090.
June Canadian Dollar
Resistance should appear near 8856 to 8871
Support is at 8683 to 8668
June Aussie Dollar
Support should appear near 7342 to 7328
Resistance should appear near 7414 to 7428.
Precious Metals
June Gold
Resistance should appear at 616.5 to 619.0 and 625.7 to 627
Support is at 611.3 to 610.1 and 603.5 to 602.3
May Copper
Resistance should appear near 30360 to 30450and 30920 to 31020.
Support should appear near 28830 to 28740 and the 28200 to 28290 region
May Silver
We roll analysis to July Silver over the weekend.
The Exciting Energies
June Crude Oil
Resistance should appear near 7328 to 7314 and 7414 to 7428
Support should appear 7170 to 7143 and 7088 to 7070
June Unleaded Gas
Resistance should appear near 21700 to 21850 and 22190 to 22260
Support should appear near 21350 to 21260 and 19960 to 19820
June Heating Oil
Resistance should appear at 20800 to 20890 ands 21260 to 21340
Support should appear near 19530 to 19460 and 19090 to 19020 ..
The Lively Livestock
June Cattle
Support should appear near 7512 to 7487 and the 7427 to 7412 region
Resistance is at 7587 to 7601 and 7672 to 7687
June Hogs
Support is at 6592 to 6577, a slip or close under augurs for a test of the 6507 to 6482 region
Resistance should appear near at 6657 to 6672 and 6742 to 6757.
BW Traders can sell at 6657 and risk a close over 6772 for three days in a row .
Trade Accordingly
May Pork Bellies
Resistance should appear near 7762 to 7777 and the 7837 to 7867 region
Support is at the 7687 to 7672 and 7602 to 7587
The Grande’ Grains
May Soybeans
Recommended open position long at 572 1/2
Resistance at 571 3/4 to 572 3/4 and 579 1/4 to 580 1/2
Support should appear near 565 1/4 to 564 and 557 3/4 to 555 1/4
May Soybean Meal
Recommended trade elected Long at 177.5
Resistance should appear near 173.1 to 173.8
Support should appear near 169.6 to 168.9
May Soybean Oil
Resistance should appear near 2411 to 2419 and 2461 to 2469
Support should appear near the 2370 to 2354 and 2322 to 2315
May Corn
Recommended open position long at 235
Resistance should appear near 241 1/4 to 242 3/4
Support is at 232 1/4 to 231 1/2.
May Wheat
Resistance should appear near 355 1/4 to 356 1/4 and 361 1/4 to 362 3/4
Support should appear near 350 1/4 to 349 1/4 and 344 1/4 to 342 1/2
The Satisfying Softs
July ‘The Monster ' Coffee
Recommended open position long at 11200
Support should appear near 11360 to 11300 and 11010 to 10960
Resistance should appear near 11640 to 11690 and 11920 to 12030.
July Cocoa
Support is at 1459 to 1453 and 1421 to 1415 .
Resistance should appear near 1484 to 1496 and 1529 to 1535
July Sugar
Resistance should appear near 1774 to 1780 and 1808 to 1822
Support should appear near 1738 to 1731 and 1696 to 1689
July Cotton
Support should appear near 52210 to 5200 and 5140 to 5125
Resistance should appear near 5345 to 5355 and 5415 to 5430
- 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
Thursday April 20th 2006
9:05 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 4-20-2006
Short June Yen 8560
Short 2 June EC 12235 avg
Short 2 June Swiss Franc 7802 avg
Long May Soybeans 572 1/2
Long May Soy Meal 177.5
Long May Corn 235
Long July Coffee 11200