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FuturesCom Investment Publications
Morning Comments Thursday May 25th 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 24th  2006
3:35 PM South Florida Beach Time             

                                The Sensational Stock and Bond Markets               
 

Dow Jones Industrial Average
Support at 11,010.00 to 10960.00  
Resistance should appear near 11,155 and 11300.00  to 11320.00

June SP500
Support at 1238.00 to 1232.00 region. BW  Traders can buy at 1238.30 for a good bounce 
Resistance should appear near 1268.00 to 1274.00 .

NASDAQ Composite
Support should appear near  2134.00 to 2126.00.
Resistance remains near  2170.00 to 2185.00  
Trade Accordingly 

June Mini Nasdaq 100
Resistance should appear near 1609 to 1615 and 1642 to 1655 . 
Support should appear near the  1576 to 1569 and the 1535 to 1529 region..
BW  Traders can buy at 1537.00 and hold for higher prices..                                                                                            

June Mini Russell 2000
Support is at 700.30 to 699.0 and the 683.60 to 680.90 region. BW  Traders can buy at 683.70 for a bounce and risk a close under 674.10 for three days in a row..
Resistance should appear near  714.3 to 717.0 then 724.20 to 725.50 and 732.8 to 734.2

June 10 Year T-Note  
Resistance should appear near 106 -07 and 106-21
Support  is at  105-21 and 105-07 below that a test of 104-21 is likely to occur..

June 30 Year  T-Bond
Resistance should appear near  107-21.. Beyond that 108-07  should cap a rally.  
Support  is at  107-07 and 106-21.
 

                                       The Frenzied Forex Front

June  Yen
Resistance should appear near 8934 to 8964 and 9044 to 9060
Support should appear near 8871 to 8856 and 8777 to 8762

June  Euro Currency (EC)
Recommended Open Position Short 5 at 12518 avg
Support should appear at  12740 to 12680
Resistance should appear near 12815 and 12890   

June Swiss Franc
Recommended Open Position Short 4 at 8355
Resistance should appear near 8261 and 8300 to 8314 
Support  should  appear near 8194 and the 8134 to 8119 region.   

June  British Pound
Support should appear near 18650 to 18580 and 18402
Resistance should appear near 18835 and 19020 to 19090 region.

June  Canadian Dollar
Resistance should appear near 8934 to 8964
Support is at 8871 to 8856

June Aussie Dollar
Support should appear near 7428 to 7414 region ..
Resistance should appear near  7587 to 7601 .   

                                          Precious Metals

June  Gold
Resistance should appear at 648.3 to 650.9  and 665.9 to 667.3.  
Support is at 635.0 to 633.70 and 619.0 to 616.5

July Copper
Resistance  should appear near 379.5 to 380.6 and 385.8 to 386.7 and 390.90 to 392.90.
Support should appear near 332.80 to 331.90 and 310.20 to 309.20    

July Silver 
Resistance  should appear near the  1268.0 to 1274.0 and 1304.0 to 1310.00
Support  is at 1238.0 to 1232.0 and the 1169.0 to 1164.0  region.

                                 
                                       The Exciting Energies
July Crude Oil
Resistance should appear near 6990 to 7003 and 7074 to 7088
Support Should appear near 6919 to 6906 and 6755 to 6743  .

July Unleaded Gas
Resistance should appear near 20340 to 20420 and 20820 to 20890
Support should appear near 19530 to 19460 below that buyers should appear near 18650 to 18580

July Heating Oil
Support should appear near 19090 to19020 and the 18220 to 18080 region.
Resistance should appear near 19820 to 19960 and 20342 to 20420

                                 The Lively Livestock

June Cattle
Recommended open position Short at 7412
Support should appear near the 7692 to 7675 and 7602 to 7587.
Resistance is at  7837 to 7867 and 7937 to 7957

June  Hogs
Recommended Open Spread : Short 5 June at 6640 /  Long 5 August 6587
Support is at  6592 to 6577 and 6512 to 6482  
Resistance should appear 6657 to 6672 and 6742 to 6757 

July  Hogs
Recommended Open position Short 2 at 6542
Support is at 6432 to 6417 and 6352 to 6337  
Resistance should appear 6577 to 6592 and 6657 to 6672 
 

July Pork Bellies
Resistance should appear near 8302 to 8317and 8392 to 8407    
Support  is at 8222 to 8192 and 8047 to 8027 

Trade Accordingly..

                                           The Grande’ Grains

July Soybeans
Recommended Open Position Long at 581 3/4
Resistance at  the 594 1/2 to 595 3/4. A close over is friendly and augurs for a test of  610 1/4 to 611 1/4
Support should appear near  580 1/2 to 579 1/4.. Below that support should appear near 572 3/4 to 571 3/4.

July Soymeal
Resistance  should appear near  173.1 to 173.8  and 180.8 to 182.2.  
Support  should appear near 169.5 to 168.90 and the 165.5 to 164.2 region, which should contain a decline..  
BW Traders can buy at  169.7 and hold for higher prices..

BW Traders should go long if a close over  173.9 occurs..

July Soybean Oil
Recommended Open Position Long at  2 at  2507 avg
Resistance should appear near the 2511 to 2519 and 2612 to 2620  
Support should  appear near 2469 to 2461 and 2419 to 2411  

July corn
Resistance should appear near  251 1/4 to 251 3/4 and 255 3/4 to 256 3/4
Support is at 246 3/4 to 246 1/4 and 241 3/4 to 241 1/4  ..BW  Traders can buy at 247 1/4  and hold for higher prices..  

July Wheat
Resistance should appear near  416 1/4 to 418 1/4 and 423 3/4 to 424 3/4 
Support should appear near 405 3/4 to 404 3/4 and 399 1/4 to 398 1/4
BW Traders can buy at 405 3/4  and hold for higher prices...

                                                         The Satisfying Softs

 July ‘ The Monster ' Coffee
Support  should appear near 9735 to 9705 and 9545 to 9525  .  
Resistance  should appear near 10020 to 10035 and 10105 to10135

July Cocoa
Support is at  1459 to 1453 and 1421 to 1415 
Resistance should appear near 1484 to 1496 and 1529 to 1535.

July  Sugar
Resistance should appear near 1642 to 1655 and 1689 to 1696
Support  should appear near 1615 to 1609 and 1576 to 1569  

July Cotton
Support should appear near  the 4995 to 4970 and 4855 to 4845 region.
Resistance should appear near  5055 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

Wed  May 24th 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.