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FuturesCom Investment Publications
Morning Comments  Thursday May 4th 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 3rd  2006
6:00  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 1310.00 to 1304.00 and 1289.00.. BW Traders can  buy at 1289.30 and hold for higher prices..
Resistance
should appear near 1322.00 and the 1334.00 to 1346.00 region

NASDAQ Composite
Support
should appear near 2275.00 to 2267.00 
Resistance remains near 2315.00 to 2322.00

June Mini Nasdaq 100
Recommended open position Long at 1697.00
Resistance should appear near 1713.50 and the 1731.00 to 1738.00 region. 
Support should
appear near 1689 and 1671.50..

June Mini Russell 2000
Support
is at  768.90 to 767.50 and 760.10 to 758.70  
Resistance should appear near 776.30 to 777.70 and 783.60  to 786.40

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 and 8903 
Support
should appear near 8777 to 8762 and 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 8044 to 8029 and 7954 to 7939     

* BW Traders should go short if a close under 8081 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 and 9140 to 9156   
Support
is at 8964 to 8934 and 8871 to 8856

June Aussie Dollar
Support
should appear near  7601 to 7587 and 7513 to 7486    
Resistance
should appear near 7689 and 7763 to 7777   


                                                  Precious Metals

June Gold
Resistance
should appear at 674.3 to 675.5 and 680.9 to 683.6
Support is at  659.10 to 657.70 and  650.9 to 648.3

July Copper
Resistance  
should appear near 33190 to 33280 and 33370 to 33860
Support
should appear near 321.30 to 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 7242 to 7255 and 7328 to 7342  .
Support should appear at 7170 to 7143 and 7088 to 7074

June Unleaded Gas 
Resistance
should appear near  20800 to 20890 and 21260 to 21340
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
Re
sistance
should appear at  20340 to 20420 and 20800 to  20890   
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 7342 to 7327  
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 6592 to 6577 and 6512 to 6482  
Resistance should appear near  6657 to 6672 and the 6742 to 6757 region    

July Pork Bellies
Resistance
should appear near 8562 to 859 and 8667 to 8682 
Support
 
is at 8407 to 8392  and 8317 to 8302  

 

                                           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  
Support should appear near 175.6  and 173.8 to 173.1  

July Soybean Oil
Resistance
should appear near 2612 to 2620 and 2663 to 2672
Suppor
t 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 
Support
is at  the 242 to 241 1/4  

July Wheat
Resistance
should appear near 373 1/2 to 374 1/4   
Support
should appear near 362 1/4 to 361 1/4                      


                                                       
   The Satisfying Softs

July ‘ The Monster ' Coffee
Recommended Open Position Long at 11200
Support
  should appear near 11010 to 10960 and 10820
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 1858 to 1865
Support  should appear near 1738 to 1731 and 1655 to 1642 

July Cotton
Support
should appear near 5070 to 5055 and 4925 to 4915
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

Wed May 3rd  2006
7:05 PM  South Florida Beach Time

F
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 5-3-2006
Long June Mini Nasdaq 1697
Short 2 June Yen 8682 avg
Short 3  June EC 12343 avg
Short 3  June Swiss Franc 7835 avg
Short June Cattle 7487
Short 2  June hogs 6607 avg
Spread :  Short  5 June Hogs 6630 avg / Long 5  August Hogs 6572 avg
Long July Soybeans 609 1/2
Long 2 July Soy Meal 173.9 avg 
Long July Corn 249 1/2
Long July Coffee 11200