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Morning Comments  Thursday July 13th 2006
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"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high.
There are certain chances that the most prudent man is justified in taking - - chances that he must take if he wishes to be more than a mercantile  mollusk --"   Reminiscences of a Stock operator

Wed July 12th  2006
2:00 PM South Florida Beach Time                                                                                                                                                               

                                                 The Sensational Stock and Bond Markets
 

Dow Jones Industrial Average
Support  is at  11,010.00 to 10,960.00 and 10,820.00
Resistance now remains at  11,155.00.. beyond that sellers should appear near  11,300.00 to 11,360.00

Sept  SP500
Support is at  1253.00 and  1238.00 to 1232.00
Resistance should now appear near 1274.00 then  1281.50 and 1289.00  

NASDAQ Composite
Support should appear near 2089.00 to 2080.00 and 2061
Resistance should appear near 2107.5 and 2134.00 and 2152.00

Sept Mini Nasdaq 100
Resistance should appear near  1529.oo to 1535.00 and 1552.00
Support should appear near 1512..50 and the 1496.00 to 1484.00 region

Sept Mini Russell 2000
Support is at  700.30 to 699.00 and 691.90 to 690.60
Resistance should appear near 714.30 to 717.00 and 724.20 to 725.50  

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

Sept  30 Year  T-Bond
Resistance should appear near 107-07 and 107-21 which should cap a rally..
Support  is at 106-21 and 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 8856
Resistance should appear near 8762 to 8777 and 8856 to 8871 
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 12815 and 12890  

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

Sept  British Pound
Recommended open position Short at 18448
Support should appear near 18220 to 18080 
Resistance should appear near 18400 and 18580 to 18650  

Sept  Canadian Dollar
Resistance should appear near 8856 to 8871
Support is at  8777 to 8762

Sept Aussie Dollar
Recommended open position short 2  at 7448 avg
Support should appear near 7486 and 7428 to 7414
Resistance should appear near 7550 and 7586 to 7601 


                                                           Precious Metals

August  Gold
Resistance should appear at  650.9 and 657.7 to 659.1 
Support is at  635.0 to 633.7 and 619.0 to 616.5  

Sept Copper
Resistance  should appear near  37340 to 37430
Support should appear near 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  7513 and 7587 to 7601 
Support   should appear near 7342 to 7328 and 7255 to 7242

August Unleaded gas
Resistance should appear near  22670 to 22750 and 23150 to 23220 
Support should appear near 21850 to 21700 and  20880 to 20800

August Heating Oil
Support should appear near 19530 to 19460 and  the19090 to 19020 region
Resistance should appear near  20340 to  20420 and 20800 to 20880 

 The Lively Livestock 

August  Cattle
Support should appear near  8317 to 8302 and 8222 to 8192
Resistance is at  8482 to 8502 and 8562 to 8592  

August   Hogs
Support is at  6742 and the 6672 to 6657 region 
Resistance should appear near 6807 to 6837 and 6907 to 6922
 
Oct Hogs
Support is at  5957 to 5942 
Resistance should appear  6102 to 6117 .

August Pork Bellies
Resistance should appear near 9317 top 9347 and 9527 to 9542 
Support is at 9157 to 9142 and 9062 to 9042  

                                          The Grande’ Grains

August  Soybeans
Resistance at  610 1/4 to 611 1/4 and 616 1/2 to 619 
Support should appear near 603 1/2 to 602 1/4 and 595 3/4 to 594 1/2

August Soymeal
Resistance should appear near  177.4 to 178.0  
Support  should appear near 173.8  to 173.1

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
Resistance should appear near 282 to 282 3/4 and 287 1/2 to 288 1/4
Support is at  277 1/2 to 275 3/4 and 272 1/2 to 271 3/4  

Dec Wheat
Resistance should appear near  437 to 438 1/4 and 442 1/2  to 444 3/4
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 9935 to 9920 and 9735 to 9705   
Resistance  should appear near 10135 to 10105 and 10320 to 10360  

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

Oct Sugar
Resistance should appear near 1642 to 1655 and  1684 to 1696 
Support  should appear near 1615 to 1609  and 1576 to 1569

Dec Cotton
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

Wed July 12th  2006
2:30  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.