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FuturesCom Investment Publications
Morning Comments Tuesday May 2nd 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
Monday May 1st 2006
9:30 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 1304.00 and 1289.00.. BW Traders can buy at 1289.30 and hold for higher prices..
Resistance should appear near 1310.00 then 1322.00 and the 1334 to 1346 region
NASDAQ Composite
Support should appear near 2275 to 2267
Resistance remains near 2315 to 2322
June Mini Nasdaq 100
Recommended open position Long at 1697
Resistance should appear near the 1731.00 to 1738.00 region.
Support should appear near the 1696 to 1689 and 1671.50..
June Mini Russell 2000
Support is at 760.10 to 758.70 and 751.30 to 748.60
Resistance should appear near 768.90 and 776.30 to 777.70
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
Support should appear near 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 12680 to 12740
June Swiss Franc
Recommended Open Position Short 3 at 7835 avg
Resistance should appear near 8119 to 8134 and 8194 to 8223
Support should appear near 7954 to 7939 and 7864 to 7836
* BW Traders should go short if a close under 8027 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
Support is at 8871 to 8856.
June Aussie Dollar
Support should appear near 7513 to 7487
Resistance should appear near 7587 to 7601
Precious Metals
June Gold
Resistance should appear at 665.90 to 667.3 and 674.3 to 675.5
Support is at 650.9 to 648.3 and 643.0 to 641.3 and 635.0 to 633
July Copper
Resistance should appear near 33190 to 33280 and 33370 to 33860
Support should appear near 31940 and 31020 to 30920
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 7414 to 7428 then 7486 to 7513 and the 7587 to 7601 region..
which should cap a rally .. perhaps for some time to come
Support should appear at 7342 to 7328 and 7170 to 7143
June Unleaded Gas
Resistance should appear near 21700 to 21850 and the 22670 to 22750 region
Support should appear near 20420 to 20340, an extended decline under is negative and augurs for a test of 19530 to 19460
June Heating Oil
Resistance should appear at 20800 to 20890 and 21260 to 21340
Support should appear near 19090 to 19020 and 17380 to 17310
The Lively Livestock
June Cattle
Recommended open position Short at 7487
Support should appear near 7427 to 7412 and the 7342 to 7327 region
Resistance is at 7587 to 7602 and the 7672 to 7692 region.
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 6672 to 6657 and 6592 to 6577
Resistance should appear near at 6742 to 6757 and the 6807 to 6837 region
July Pork Bellies
Resistance should appear near 8667 to 8682 and 8762 to 8777
Support is at 8502 to 8482 and 8407 to 8392
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 and 18560 to 18650
Support should appear near 178.0 to 177.4 and 173.8 to 173.1
July Soybean Oil
Resistance should appear near 2612 to 2620 and 2663 to 2672
Support should appear near 2568 to 2558 and 2519 to 2511
July corn
Recommended open position Long 249 1/2
Resistance should appear near 251 1/4 to 252 and 255 1/4 to 255 3/4
Support is at the 246 3/4 to 246 and 242 to 241 1/4
July Wheat
Resistance should appear near 373 1/2 to 374 1/4 and 379 1/2 to 380 1/2
Support should appear near 368 1/4 to 366 1/4 and 362 1/4 to 361 1/4
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 11300 to 11360 and 11640 to 11690
July Cocoa
Support is at 1496 to 1484
Resistance should appear near 1569 to 1576
July Sugar
Resistance should appear near 1774 to 1780.and 1802 to 18322
Support should appear near 1696 to 1689 and 1655 to 1642
July Cotton
Support should appear near 5140 to 5125 and 5070 to 5055
Resistance should appear near 5200 to 5210 and 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 May 1st 2006
10:45 PM South Florida Beach Time
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