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FuturesCom Investment Publications
Morning Comments  Friday June 23rd 2006
 Serving Professional and Individual Traders World Wide since 1979
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Thursday  June 22nd  2006
7:30 PM South Florida Beach Time

 

                                 The Sensational Stock and Bond Markets

 

Dow Jones Industrial Average
Support
 is at 11,010 to 10.960.00.
Resistance
should appear near 11,155.00 and 11,300.00 to 11,360.00.

Sept  SP500
Support
is at  the 1238.00 to 1232.00 region. ..
Resistance should appear near 1268.00 to 1274.00 

NASDAQ Composite
Support
should appear near 2089.oo to 2080
Resistance
remains near 2126.00 to 2134.00 

Sept Mini Nasdaq 100
Resistance
should appear near 1592.50 and 1609.00 to 1615.00.
Support should appear near 1552.00 and 1535.00 to 1529.00 

Sept Mini Russell 2000
Support
is at  691.90 to 690.60 and 683.60 to 680.90
Resistance
should appear near 699.00 to 700.30 and 707.40 to 708.80    

Sept  10 Year T-Note  
Resistance
should appear near  104-21 and 105-07    
Support  is
at 104-07  and 103-21

Sept  30 Year  T-Bond
Resistance
should appear near 106-07 and 106-21
Support should appear near 105-21 and 105-07

The Frenzied Forex Front 

Sept  Yen
Resistance
should appear near 8762 to 8777 
Support should appear near 8683 to 8668..

Sept  Euro Currency (EC)
Recommended Open Position Short at 12697
Support
should appear at  12605 and 12530
Resistance should appear near 12680 to 12715 and 12740

Sept Swiss Franc
Recommended Open Position Short 4 at 8193
Resistance
should appear near 8134 and 8164
Support 
should  appear near 8044 to 8029.  

Sept  British Pound
Support
should appear near 18220 to 18080
Resistance
should appear near 18400 and 18580 to 18650

Sept  Canadian Dollar
Resistance
should appear near 8964 and 9044 to 9060
Support
is at  8934 and 8871 to 8856

Sept Aussie Dollar
Support
should appear near 7255 to 7242
Resistance
should appear near  7328 to 7342

 
                                       Precious Metals

August  Gold
Resistance
should appear at 594.5 to 595.7  and 602.3 to 603.5
Support is at 580.5 to 579.2 and 572.9 to 571.6

July  Copper
Resistance  
should appear near 31480 to 31570 and 32610 to 32700
Support
should appear near 30450 to 30360 and 28830 to 28740.  

July Silver 
Resistance
 should appear near  1032.0 to 1036.0 and 1058.0 to 1068.0
Support  is at 1005.0 to 1000 and 993.5 to 992.0 

  
                                       The Exciting Energies
 

August Crude Oil
Resistance
should appear near  7088 and 7143 to 7170
Support  should  appear near 7003 to 6990 and 6919 to 6906 ..

August Unleaded Gas
Resistance
should appear near 21260 to 21340 and 21700 to 21850
Support
should appear near  20420 to 20340 and 19960 to 19820

August Heating Oil
Support
should appear near  19090 to 19020 and 18650 to 18580
Resistance
should appear near 20340 to 20420 and 20800 to 20880                   

 

The Lively Livestock
 

August  Cattle
Support
should appear near the 8407 to 8392 and 8300 to 8317.
Resistance
is at 8482 to 8502 and 8557 to 8592  

August   Hogs
Support
is at  7087 to 7072 and 7002 to 6992     
Resistance should appear 7242 to 7257 and 7327 to 7342

July  Hogs
Recommended open position short 7 at 6497

August Pork Bellies
Resistance
9527 to 9542 and 9707 to 9737
Support
 is at 9447 to 9427 and  9347 to 9317 
 
 

                                          The Grande’ Grains
August  Soybeans
Recommended open position long at 596 1/4
Resistance at  602 1/4 to 603 1/2 and 610 to 611 1/4
Support
should appear near 588 to 585 1/2 and 580 1/2 to 579 1/4 

August Soymeal
Recommended open position  Long 2  at 178.9  
Resistance should appear near 180.8 to 182.2
Support  should appear near 177.4.    Below that buyers should appear near 173.8 to 173.1

August Soybean Oil
Recommended open position Long at 2521
Resistance should appear near the 2511 to 2519.
Suppor
t should appear near 2419 to 2411 

Dec Corn
Recommended open position Long 2 at  272 3/4
Resistance
should appear near  261 1/4 to 262 and 266 1/4 to 267 1/4.
Support is at 256 3/4 to 255 3/54 and 251 3/4 to 251 1/4

Dec Wheat
Recommended open position Long at  418 3/4
Resistance should appear near 411 to 412 and 416 1/4 to 418 1/4  
Support
should appear near  399 1/4 to 398 1/4  and 392 3/4 to 390 3/4  

           
                                                      
   The Satisfying Softs

Sept ‘The Monster ' Coffee
Support
should appear near 9545 to 9525 and the 9345 to 9315 region..
Resistance  should appear near 9920 to 9935 and 10105 to 10135 

Sept Cocoa
Support
is at  1496 to 1484 
Resistance should appear near 1569 to 1576


Oct Sugar
Resistance
should appear near 1642 to 1655 
Support
 should appear near 1576 to 1569 .

Dec Cotton.
Recommended open position long at 5510
Support should appear near 5430 to 5415 and 5355 to 5345
Resistance should appear near 5550 to 5580 and 5640 to 5655  


A Ship in Harbor is Safe...But that is not what ships are built for -

Traders should stay tuned for additional commentary and recommendations
for all markets  via Updates and Flashes..     

Happy Trading !
Bill  wil@futurescom.com
1-866-409-3890

Thursday June 22nd  2006
8:55  PM  South Florida Beach Time

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uturesCom Investment  Publications © copyright 1996 – 2006 all rights reserved Terms

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.

BW Recommended Open Positions 6-22-2006
Short Sept EC 12697
Short 4 Sept Swiss Francs 8193  
Short 7 July hogs 6497
Long August Beans 596 1/4
Long August Bean Oil 2521
Long 2 August Soymeal  178.9 
Long Dec Wheat 418 3/4
Long 2 Dec Corn 272 3/4
Long Dec Cotton 5510