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FuturesCom Investment Publications
Morning Comments  Wed May 10th 2006
 Serving Professional and Individual Traders World Wide since 1979
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Tuesday May 9th  2006
9:00  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 11,500 and the 11,360.00 to 11,300 region 

June SP500
Support should appear near 1310.00 to 1304.00 region.  
Resistance should appear near 1334 to 1346.

NASDAQ Composite
Support should appear near 2322.00 to 2315.00
Resistance remains near 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 the 1696.00 to 1689.00 region 

June Mini Russell 2000
Support is at  768.90 to 767.50 and the 760.10 to 758.70 region
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 106-21 and 107-07. 
Support  is at  106-07 and 105-21       

 

                                       The Frenzied Forex Front

June  Yen
Recommended Open Position Short 2 at 8682
Resistance should appear near 9044 to 9060
Support should appear near 8871 to 8856

June  Euro Currency (EC)
Recommended Open Position Short 3 at 12343 avg
Support should appear at  12740 to12680 an extended trade or close under is negative and indicates a test of 12380
Resistance should appear near 12815 and 12890. 

BW Traders should go short if a close under 12677 occurs 

June Swiss Franc
Recommended Open Position Short 4 at 7920  avg
Resistance should appear near 8262 and 8300 to 8314
Support should appear near 8134 to 8119   

June  British Pound
Nearby Support should appear near 18650 to 18580 and 18400 
Resistance should appear near 18834 and 19020 to  19090

June  Canadian Dollar
Resistance should appear near 9140 to 9156 .
Support is at  9060 to 9044

June Aussie Dollar
Support should appear near the 7601 to 7587 region
Resistance should appear near 7763 to 7777.  

 
                                            Precious Metals

June Gold
Resistance should appear at  707.8 to 708.8 and the 714.3 to 717.0 region     
Support is at 691.9 to 690.6 and the 675.5 to 674.3 region

July Copper
Resistance  should appear near 366.30 to 368.20 and 379.50 to 380.60    
Support should appear near 350.30 to 349.30 and 344.30 to 342.50  

July Silver 
Resistance  should appear near the 1484.0 to 1496.0 and 1529.0 to 1535.0  
Support  is at  1421.0 to 1415.0 and 1383.0 to 1377.0  

The Exciting Energies 

June Crude Oil
Resistance should appear near at 7074 to 7088   Beyond that sellers should appear near 7143 to 7170.  
Support should appear at 7003 to 6990. and 6919 to 6906

June Unleaded Gas 
Resistance should appear near 20800 to 20890 and 21260 to 21340   
Support  should appear near 19090 to 19020 and 18650 to 18580

June Heating Oil
Resistance should appear at 19960 and the 20340 to 20420 region
Support should appear near 19530 to 19450 and the 18220 to 188080 region  

                                    The Lively Livestock

June Cattle
Recommended Open Position Short 7412
Support should appear near the  7427  to 7412
Resistance is at 7587 to 7602

June  Hogs
Recommended Open Position Short 6672
Recommended Open Spread : Short 5 June at 6630/  Long 5 August 6572
Support is at  6592 to 6577, a close under is negative and augurs for a test of   6512 to 6482 
Resistance should appear near 6757 and 6807 to 6837 region which should cap a rally. .
BW Traders can sell at 6802 and risk a close over 6922 for three days in a row

BW Traders should go short if  a close under 6572 occurs.

July Pork Bellies
Resistance should appear near 8392 to 8407 and the 8557 to 8592 region  
Support  is at  8317 to 8302 and the 8137 to 8117 region

 
                                          The Grande’ Grains

July Soybeans
Recommended Open position Long at 609 1/2
Resistance at  the 610 1/4 to 611 1/4 and the 625 3/4 to 627 region 
Support should appear near 603 1/2 to 602 1/4 and 595 3/4 to 594 1/2 
BW Traders should go long if a close over 611 1/2  occurs

July Soymeal
Recommended open position Long 2 at 173.9 avg
Resistance  should appear near  180.8 to 182.2  
Support should appear near  the 178.0 to 177.4 and 173.8 to 173.1 BW  Traders can buy at 173.9 and  hold for higher prices.

BW  Traders should go long if a close over  182.3 occurs..

July Soybean Oil
Recommended Open Position Long at 2521
Resistance should appear near 2558 to 2568 
Support should  appear near 2469 to 2461 

BW Traders should go long if a close over  2571 occurs.

July corn
Recommended open position long 2 at  243 1/2 avg
Resistance should appear near  246 1/4 to 246 3/4 and 251 1/4 to 251 3/4
Support is at the 237 to 235 1/2 and 232 1/4 to 231 1/2.. 

July Wheat
Recommended Open Position Long 2 at  372 1/2 avg
Resistance should appear near 390 3/4 to 392 3/4 and the 404 3/4 to 405 3/4 region   
Support should appear near 380 3/4 to 379 1/2 and 374 3/4 to 373 3/4

                                                           The Satisfying Softs

July ‘ The Monster ' Coffee
Recommended Open Position Long at 11200
Support  should appear near 10680 to 10580 and the 10360 to 10320 region
Resistance  should appear near 10960 to 11010 and 11640 to 11690 .
BW Traders should go long if a close over 11010 occurs

July Cocoa
Support is at 1535 to 1529 and 1496 to 1484
Resistance should appear near 1609 to 1615 and 1642 to 1655

July  Sugar
Resistance should appear near  1774 to 1780
Support  should appear near 1696 to 1689

July Cotton
Support should appear near 5065 to 5055 and 4995 to 4975 
Resistance should appear near  5255 to 5285 and 5255 to 5285  

    
-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  May 9th  2006
10:00 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.