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FuturesCom Investment Publications
Morning Comments Friday May 5th 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 May 4th 2006
9:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 11.640.00 to 11690.00
Support should appear near 11,360.00 to 11,300.00
June SP500
Support should appear near 1310.00 to 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 1334.00 to 1346.00 region
NASDAQ Composite
Support should appear near 2322.00 to 2315.00 and 2295.00
Resistance remains near 2338.00 and 2350.00 to 2370.00
June Mini Nasdaq 100
Resistance should appear near 1713.50 and the 1731.00 to 1738.00 region.
Support should appear near 1689 and 1671.50..
June Mini Russell 2000
Support is at 768.90 to 767.50 and 760.10 to 758.70
Resistance should appear near 783.60 to 786.40 and the 793.90 to 795.40 region
June 10 Year T-Note
Resistance should appear near 105-07 and 105-21
Support is at 104-21 and 104-07
June 30 Year T-Bond
Resistance should appear near 106-07 and 106-21
Support is at 105-21 and 105-07
The Frenzied Forex Front
June Yen
Recommended Open Position Short 2 at 8682 avg
Resistance should appear near 8856 to 8871 and 8903
Support should appear near 8777 to 8762 and 8683 to 8668
June Euro Currency (EC)
Recommended Open Position Short 3 at 12343 avg
Support should appear at 12380 to 12320 .
Resistance should appear near 12740 and the12815 to 12890 region
June Swiss Franc
Recommended Open Position Short 3 at 7835 avg
Resistance should appear near 8194 to 8223
Support should appear near 8044 to 8029
* BW Traders should go short if a close under 8117 occurs
June British Pound
Support should appear near 18220 to 18080
Resistance should appear near 18560 to 18650
June Canadian Dollar
Resistance should appear near 9044 to 9060 and 9140 to 9156
Support is at 8964 to 8934 and 8871 to 8856
June Aussie Dollar
Support should appear near 7601 to 7587 and 7513 to 7486
Resistance should appear near 7689 and 7763 to 7777
Precious Metals
June Gold
Resistance should appear at 680.9 to 683.6 and 690.6 to 691.9
Support is at 667.3 to 665.9 and 650.9 to 648.3
July Copper
Resistance should appear near 34930 to 35030 and 35530 to 35630
Support should appear near 33280 to 33190 and 321.30 to 31940
July Silver
Support should appear near 1346.0 to 1334.0 and 1274 .0 to 1268.0
Resistance is at 1415.0 to 1421.0 and 1453.0 to 1459.0
The Exciting Energies
June Crude Oil
Resistance should appear near at 7074 to 7088 and 7143 to 7170.
Support should appear at 7003 to 6990 and 6836 to 6809
June Unleaded Gas
Resistance should appear near 20340 to 20430 and 20800 to 20890
Support should appear near 19530 to 19460 and 18650 to 18580
June Heating Oil
Resistance should appear at 19820 to 19960 and 20340 to 20420
Support should appear near 19090 to 19020 and 17380 to 17310
The Lively Livestock
June Cattle
Support should appear near 7412 and 7342 to 7327
Resistance is at 7487 to 7512 and 7587 to 7602.
June Hogs
Recommended Open Spread : Short 5 June at 6630 avg / Long 5 August 6572 avg
Support is at 6512 to 6482 and 6432 to 6417
Resistance should appear near 6577 to 6592 and the 6657 to 6672 region
July Pork Bellies
Resistance should appear near 8302 to 8317 and 8482 to 8502
Support is at 8222 to 8192 and 8047 to 8027
The Grande’ Grains
July Soybeans
Resistance at 616 1/2 to 619 and the 625 3/4 to 627 region
Support should appear near 603 1/2 to 602 1/4 and the 595 3/4 to 594 1/2 region.
July Soymeal
Recommended open position Long 2 at 173.9 avg
Resistance should appear near 180.8 to 182.2
Support should appear near 175.6 and 173.8 to 173.1
July Soybean Oil
Resistance should appear near 2612 to 2620
Support should appear near 2519 to 2511
July corn
Recommended open position Long 249 1/2
Resistance should appear near 246 1/4 to 246 3/4
Support is at the 237 to 235 1/2
July Wheat
Resistance should appear near 366 1/4 to 358 1/4 and 373 1/2 to 374 1/4
Support should appear near 362 1/4 to 361 1/4 and 356 1/4 to 355 1/4
The Satisfying Softs
July ‘ The Monster ' Coffee
Recommended Open Position Long at 11200
Support should appear near 10960 then 10820 and 10680 to 10580
Resistance should appear near 11155 then 11300 to 11360 and 11640 to 11690
July Cocoa
Support is at 1496 to 1484
Resistance should appear near 1529 to 1535
July Sugar
Resistance should appear near 1731 to 1738 and 1774 to 1780
Support should appear near 1655 to 1642 and 1615 to 1609
July Cotton
Support should appear near 4925 to 4915 and 4855 to 4845
Resistance should appear near 5044 to 5065 and 5125 to 5140
-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 May 4th 2006
10:30 PM South Florida Beach Time
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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.