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FuturesCom Investment Publications
Morning Comments  Thursday May 11th 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                                                    

Wed May 10th  2006
3:00  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  2315.00 and 2276 to 2267
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 9140 to 9156
Support should appear near 8964 to 8934

June  Euro Currency (EC)
Recommended Open Position Short 3 at 12343 avg
Support should appear at  12815 and 12740 to12680
Resistance should appear near  12845 and 12890  

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  714.3 to 717.0 and 724.2 to 725.5     
Support is at 691.9 to 690.6 and the 675.5 to 674.3 region

July Copper
Resistance  should appear near 379.50 to 380.60 and 390.90 to 392.90   
Support should appear near 3362.30 to 361.30 and 350.30 to 349.30  

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 7242 to 7255 and 7328 to 7342 .  
Support should appear at 7088 to 7074 and 7003 to 6990

June Unleaded Gas 
Resistance should appear near 21850 and 22190 to 22260    
Support  should appear near 20420 to 20340 and 18650 to 18580

June Heating Oil
Resistance should appear at 21260 to 21340 
Support should appear near  19960 to 19820   

                                    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  6672 to 6657 and 6592 to 6577
Resistance should appear near 6757 and the 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 8192 to 8222 and 8302 to 8317   
Support  is at 8137 to 8117 and 7957 to 7937 

 
                                          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 and the 2612 to 2620 region 
Support should  appear near 2519 to 2511 and 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 1569 to 1576 and 1609 to 1615

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

July Cotton
Support should appear near 4995 to 4975 and the 4855 to 4845 region
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

Wed  May 11th  2006
4:00 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.