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FuturesCom Investment Publications
Morning Comments Tuesday April 25th 2006
Serving Professional and Individual Traders World Wide since 1979
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Courage in a Speculator is merely confidence to act on the decision of his mind
Monday April 24th 2006
5:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near the 11,640.00 to 11,690 region
Support should appear near 11,300 and 11,155.00, which should hold.
June SP500
Support should appear near 1310 to 1304.00 and 1289.00..
BW Traders can buy at 1289.30 and hold for higher prices..
Resistance should appear near the 1334 to 1346 region
NASDAQ Composite
Support should appear near 2322 to 2315 and the 2275.00 to 2267.00 region. Below that buyers should appear near 2226.00 to 2219.00 Resistance remains near 2354.00 to 2370.00 region.. Beyond that a test of 2411 to 2419 region is likely
Trade Accordingly
June Mini Nasdaq 100
Resistance should appear near the 1731.00 to 1738.00 region.. A close over augurs for a test of the 1774 to 1780 region
Support should appear near the 1696 to 1689 and 1671.50. Below that 1655.00 to 1642.00 should hold… Traders can buy at 1697 and hold for higher prices..
June Mini Russell 2000
Support is at 768.90 to 767.50 and the 760.10 to 758.70 region .. Below that buyers should appear near 751.30 to 748.60 and contain a decline Traders can buy at 760.30 and risk a close under 748.20 for three days in a row
Resistance should appear near 783.60 to 786.40 and the 793.90 to 795.40 region Above that sellers should cap a rally near the 802.90 to 804.40 region
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 test of 104-21 is likely
June 30 Year T-Bond
Resistance should appear near 107-21 and 108-07..Which should cap a rally.
Support is at 107-70 and 106-21 Below that a test of 106-07 and the 105-21 region is likely
Trade Accordingly
The Frenzied Forex Front
June Yen
Recommended Open Position Short at 8560
Resistance should appear near 8856 to 8871
Support should appear near 8683 to 8668
June Euro Currency (EC)
Recommended Open Position Short 2 at 12235 avg
Support should appear at 12380 to 12320 , a close under is negative and indicates a test of 12175 .
Resistance should appear near 12455 and the 12530 region
June Swiss Franc
Recommended Open Position Short 2 at 7802 avg
Resistance should appear near 7939 to 7954 and 8029 to 8044
Support should appear near 7777 to 7763 and the 7689 to 7675 region
BW Traders should go short if a close under 7836 occurs
June British Pound
Support should appear near 17800 to 17740 and 17380 to 17320
Resistance should appear near 17936 and 18080 to 18220
June Canadian Dollar
Resistance should appear near 8856 to 8871 and the 8934 to 8964 region
Support is at 8777 to 8762.. a close under is negative and augurs for a test of 8589 to 8560
Trade Accordingly
June Aussie Dollar
Support should appear near 7342 to 7328
Resistance should appear near 7486 to 7513
Precious Metals
June Gold
Resistance should appear at 625.7 to 627 and 633.7 to 635.
Support is at 619 to 616.5 and the 603.5 to 602.3 region
July Copper
Resistance should appear near 30920 to 31020 and 319.4 to 321.3.
Support should appear near 29370 to 29280 and 28290 to 28200
July Silver
Support should appear near the 1203 to 1192 and the 119 to 1164.0 region.. Below that a test of 1036.0 to 1032.0 is likely .
Resistance is at 1268.0 to 1274.0 and 1334.0 to 1346.0
The Exciting Energies
June Crude Oil
Resistance should appear near at 7328 to 7342 then 7414 to 7428 and 7486 to 7513 .. beyond that 7587 to 7601 should cap a rally..
Support should appear 7170 to 7143 and the 7088 to 7074 region .. ..Failure there is negative and indicates a test of the 6836 to 6809 region..
June Unleaded Gas
Resistance should appear near 22190 to 22260 and the 23150 to 23220 region ..Beyond that sellers should appear near 24110 to 24190 and the 26120 to 2620 region
Support should appear near 21340 to 21260 and 20890 to 2080 , a close under is negative and augurs for a test of 18220 to 18080.
June Heating Oil
Resistance should appear at 21260 to 21340 and the 217 to 21850 region ..Beyond that sellers should appear near 23150 to 23220
Support should appear near 20420 to 20340 A close under is negative and augurs for a test of
19090 to 19020 and the 18220 to 18080 region
Trade Accordingly .. .
The Lively Livestock
June Cattle
Support should appear near the 7257 to 7242 and 7172 to 7142 .
Resistance is at 7327 to 7342 and 7417 to 7427 ...Beyond that 7487 to 7512 should cap a rally ..
BW Traders can sell at 7487 and risk a close over 7607 for three days in row
June Hogs
Recommended Open Position Short at 2 6607 avg
Recommended Open Spread : Short 4 June at 6655 avg / Long 4 August 6585 avg
Support is at the 6512 to 6482 region.. A close under augurs for a test of 6432 to 6417
Resistance should appear near at 6577 to 6592 and 6657 to 6672 Beyond that sellers should appear near 6742 to 6757
July Pork Bellies
Resistance should appear near 8297 to 8317 and the 8392 to 8407 region .. Above that sellers should appear near 8482 to 8502 .
Support is at 8222 to 8192 and the 8137 to 8117 region
The Grande’ Grains
July Soybeans
Recommended open position long 590 1/2
Resistance at 594 1/2 to 595 3/4 and the 610 1/4 to 611 1/4 region ..
Support should appear near 580 1/2 to 579 1/4 and 573 1/4 to 571 3/4 which should contain a decline. .
July Soymeal
Recommended open position Long 2 at 173.9 avg
Resistance should appear near 177.4 to 178.0 and 180.8 to 182.2
Support should appear near 173.8 to 173.1 and the 169.6 to 168.9 region
BW Traders can buy at 169.8 and risk a close under 156.4 for three days in a row
July Soybean Oil
Resistance should appear near 2511 to 2519 and 2558 to 2568 region
Support should appear near 2469 to 2461 and the 2419 to 2411 region..
July corn
Recommended open position Long 249 1/2
Resistance should appear near 246 1/4 to 246 3/4 and 251 1/4 to 251 3/4
Support is at the 241 3/4 to 241 1/4 region …Below that buyers should appear near the 237 to 235 1/2 region.
July Wheat
Resistance should appear near 373 3/4 to 374 1/4 and the 379 1/2 to 380 3/4 region.
Support should appear near 362 1/4 to 361 1/4 and the 350 1/2 to 349 1/4 region.
The Satisfying Softs
July ‘ The Monster ' Coffee
Recommended Open Position Long at 11200
Support should appear near 11360 to 11300.. Below that buyers should appear near the 11010-10960 region ..
Resistance should appear near 11640 to 11690, an extended trade or close over is friendly and augurs for a test of the 11920 to 12030 region..
July Cocoa
Support is at 1459 to 1453. Below that a test of 1421 to 1415 is likely.
Resistance should appear near 1496 ... Beyond that sellers should appear near 1529 to 1535.
July Sugar
Resistance should appear near 1774 to 1780 and the 1808 to 1822 region..
Support should appear near 1696 to 1689 and 1655 to 1642
July Cotton
Support should appear near 5140 to 5125 and the 5070 to 5055
Resistance should appear near 5255 to 5285 . Beyond that sellers should appear near 5345 to 5355 .
-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
Monday April 24th 2006
6:00 PM South Florida Beach Time
FuturesCom Investment Publications © copyright 1996 – 2006 all rights reserved Terms
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.
BW Recommended Open Positions 4-24-2006
Short June Yen 8560
Short 2 June EC 12235 avg
Short 2 June Swiss Franc 7802 avg
Short 2 June hogs 6607 avg
Spread : Short 4 June Hogs 6655 avg / Long 4 August Hogs 6585 avg
Long July Soybeans 590 1/2
Long 2 July Soy Meal 173.9 avg
Long July Corn 249 1/2
Long July Coffee 11200