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Morning Comments Friday July 7th 2006
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Thursday July 6th  2006
1:30 PM South Florida Beach Time

                            The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Support  is at  11,010.00 to 10,980.00
Resistance remains near 11,300.00 to 11,360.00

Sept  SP500
Support is at  1274.00 to 1268.00 and the 1238.00 to 1232.00 region.
Resistance should appear near 1289.00 and the 1304.00 to 1310.00 region 

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

Sept Mini Nasdaq 100
Resistance should appear near 1569.00 to 1576.00 and 1592.5
Support should appear near  1552.00 and 1535.00 to 1529.00.

Sept Mini Russell 2000
Support is at  717.0 to 714.30 and 700.30 to 699.00
Resistance should appear near 732.80 to 734.20 and 741.40 to 742.80 region  

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

Sept  30 Year  T-Bond
Resistance should appear near 106-07 then 106-21 and 107-07
Support  is at 106-07 , failure to maintain a posture over augurs for a test of 105-21 and 105-07  
                          

The Frenzied Forex Front

Sept  Yen
Recommended open position Short at 8809
Resistance should appear near 8816 and 8856 to 8871  BW Traders can sell at 8856 for a turn lower and hold for lower prices..
Support should appear near 8683 to 8668 and the 8589 to 8560 region 

Sept  Euro Currency (EC)
Recommended Open Position Short 2 at 12648
Support should appear at 12740 to 12680   
Resistance should appear near 12890 and 12965 

Sept Swiss Franc
Recommended Open Position Short 4 at 8162
Resistance should appear near 8223 and 8300 to 8314
Support  should  8194 and 8134 to 8119    

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

BW  Traders can sell at 18570 for a turn lower and hold for lower prices

Sept  Canadian Dollar
Recommended open position Short at 9043
Resistance should appear near 9044 to 9060
Support is at  8964 to 8934

BW Traders should go short if a close under 8931 occurs

Sept Aussie Dollar
Recommended open position short at 7411
Support should appear near 7428 to 7414 and 7342 to 7328
Resistance should appear near 7486 to 7513 
BW  Traders can sell at 7486 for a turn lower and hold for lower prices..

                                       Precious Metals

August  Gold
Resistance should appear at 641.7 to 643.0 and 648.3 to 650.9
Support is at  627.0 to 625.0 and  611.3 to 610.1 

Sept Copper
Resistance  should appear near 37340 to 37430 and 39090 to 39290
Support should appear near  36230 to 36130 and 34430 to 34250 .  

Sept Silver 
Resistance  should appear near 1164.0 to 1169.0 and 1192.0 to 1203.0
Support  is at  1101.0 to 1096.and 1068.0 to 1058.0 

The Exciting Energies

August Crude oil
Resistance should appear near 7587 to 7601 and 7675 to 7689 .
Support   should appear near 7428 to 7414 and 7342 to 7328,

August Unleaded gas
Resistance should appear near 23150 to 23220 . Beyond that 24110 to 24190  should cap a rally.
Support should appear near  21850 to 21700 and 20880 to 20800

August Heating Oil
Support should appear near 19960 to 19829 and the19090 to 19020 region
Resistance should appear near 20800 to 20880 and 21260 to 21340

 The Lively Livestock 

August  Cattle
Support should appear near 8502 to 8482 and 8407 to 8492 
Resistance is at 8667 to 8682 and 8762 to 8777 

August   Hogs
Recommended open position short 4 at 7037
Support is at  7002 to 6992 and 6922 to 6907 
Resistance should appear near 7142 to 7172 and 7242 to 7257 

Oct Hogs
Support is at 6192 to 6162  and 6112 to 6102
Resistance should appear 6337 to 6352 and 6417 to 6432 .

July  Hogs
Recommended open position short 5 at 6497

August Pork Bellies
Resistance  should appear near 9427 to 9447 and 9527 to 9542
Support is at 9317 then 9237 and 9157 to 9137


                                          The Grande’ Grains

August  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 595 3/4 to 594 1/2

August Soymeal
Recommended open position  Long 2 at 178.9 
Resistance should appear near  177.4 to 178.0  
Support  should appear near 173. to 173.10

August Soybean Oil
Resistance should appear near  2758 to 2775 and 2820 to 2829 
Support should appear near  2672 to 2663 and 2620 to 2612.

Dec Corn
Recommended open position Long 2 at  272 3/4 avg
Resistance should appear near 275 1/4  to 277 1/2 and 282 to 282 3/4
Support is at 267 1/4 to 266 1/4 and 262 to 261 1/4 .

Dec Wheat
Resistance should appear near  430 1/2 to 431 1/2 and the 442 1/2  to 444 3/4 region.
Support should appear near  424  3/4 to 423 3/4 and 418 1/4 to 416 1/4..

 Trade Accordingly                                 

                                                            The Satisfying Softs

Sept ‘The Monster ' Coffee
Support should appear near 10135 to 10105 and 10035 to 10020.  
Resistance  should appear near 10320 to 10360 and 10580 to 10680  

Sept Cocoa
Support is at 1696 to 1689 and 1655 to 1642 .
Resistance should appear near 1731 to 1738 and 1774 to 1780  
Trade Accordingly 

Oct Sugar
Resistance should appear near 1731 to 1738
Support  should appear near 1655 to 1642

Dec Cotton
Recommended open position Long at 5510
Support should appear near 5285 to 5255 and 5210 to 5200
Resistance should appear near 5415 to 5430 and 5490 to 5505

Trade Accordingly

 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 July 6th  2006
2:35  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.