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FuturesCom Investment Publications
Morning Comments Wed April 26th 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
Tuesday April 25th 2006
8:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near the 11.300.00 to 11.360.00
Support should appear near 11,155.00 and 11,010 to 10,960.00 which should hold.
June SP500
Support should appear near 1304.00 and 1289.00.. BW Traders can buy at 1289.30 and hold for higher prices..
Resistance should appear near 1322.00 and the 1334 to 1346 region
NASDAQ Composite
Support should appear near 2322 to 2315 and the 2275.00 to 2267.00 region.
Resistance remains near 2354.00 to 2370.00 region..
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. BW 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 .
BW Traders can buy at 760.30 and risk a close under 748.20 for three days in a row
Resistance should appear near 776.30 to 777.70 and 783.60 to 786.40
June 10 Year T-Note
Resistance should appear near 105-21 and 106-07
Support is at 105-07.. below that a test of 104-21 is likely
June 30 Year T-Bond
Resistance should appear near 107-07 and 107-21 .
Support is at 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 .
Resistance should appear near 12530 and 12680 to 12740
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
Support is at 8777 to 8762.
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 641.7 to 643.0
Support is at 619 to 616.5
July Copper
Resistance should appear near 34250 to 34430 and 34930 to 35030
Support should appear near 31020 to 30920 and 29370 to 29280
July Silver
Support should appear near the 1203 to 1192 and the 1169.0 to 1164.0 region. .
Resistance is at 1334.0 to 1346.0 and 1377.0 to 1383.0
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
Support should appear near 20890 to 20800, 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 21700 to 21850 region
Support should appear near 20420 to 20340 and 19090 to 19020
Trade Accordingly .. .
The Lively Livestock
June Cattle
Support should appear near the 7342 to 7327 and 7257 to 7242 .
Resistance is at 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 at 6607 avg
Recommended Open Spread : Short 5 June at 6630 avg / Long 5 August 6572 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 588 to 585 1/2 and 580 1/2 to 579 1/4 .
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 2558 to 2568 and 2612 to 2620
Support should appear near 2519 to 2511 and 2469 to 2461.
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 10680 to 10580 and 10360 to 10320.
Resistance should appear near 10960 to 11010 and 11300 to 11360.
July Cocoa
Support is at 1496 to 1484 and 1459 to 1453
Resistance should appear near 1529 to 1535 and 1569 to 1576
July Sugar
Resistance should appear near 1731 to 1736 and 1774 to 1780.
Support should appear near 1696 to 1689 and 1655 to 1642
July Cotton
Support should appear near 5070 to 5055 and 4995 to 4975
Resistance should appear near 5125 to 5140 and 5200 to 5210 .
-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
Tuesday April 25th 2006
9:15 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 4-25-2006
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 5 June Hogs 6630 avg / Long 5 August Hogs 6572 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