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FuturesCom Investment Publications
Morning Comments  Wed May 17th 2006
 Serving Professional and Individual Traders World Wide since 1979
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Tuesday May 16th  2006
8:00  PM South Florida Beach Time             

                                  The Sensational Stock and Bond Markets               
Dow Jones Industrial Average
Resistance should appear near 11,500.00 and  the 11,640.00 to 11,690 region…
Support remains near  the 11,360.00 to 11,300 .. A decisive failure of this region augurs for an eventual  test of 
11,010.00 to 10,960.00... Which should bring out buyers and should contain a decline...

June SP500
Support should appear near 1289.00.. Below that buyers should appear near 1274.00 to 1268.00 region 
Resistance should appear near 1304.00 to 1310.00 and 1322.00..

NASDAQ Composite
Support should appear near 2226 to 2219  and 2185 to 2170
Resistance should appear near  2267.00 t0 2275.00   

June Mini Nasdaq 100
Resistance should appear near 1642.00 to 1657.00
Support should appear near 1628.50 and 1615.00 to 1609.00.

June Mini Russell 2000
Support is at  734.20 to 732.80 and the 725.50 to 724.80 region. 
Resistance should appear near 741.40 to 742.80 and 748.60 to 751.30

June 10 Year T-Note  
Resistance should appear near  105-21 and 106.07.    
Support  is at 104-21 and 104-07.

June 30 Year  T-Bond
Resistance should appear near 106-21 and 107-07   
Support  is at  106-07 and 105-21       

                                       The Frenzied Forex Front

June  Yen
Recommended Open position Short at 9126
Resistance should appear near 9235 and 9316 to 9347 
Support should appear near 9156 to 9140 and 9060 to 9044

June  Euro Currency (EC)
Recommended Open Position Short 3 at 12343 avg
Support should appear at  12740 to12680. 
Resistance should appear at 12890 and 12965   

June Swiss Franc
Recommended Open Position Short 4 at 8355  avg
Resistance should appear near  8314 and 8352
Support should appear near 8223 to 8194 

June  British Pound
Support should appear near 18650 to 18580 
Resistance should appear near 19020 to  19090

June  Canadian Dollar
Resistance should appear near 9044 to 9060 .
Support is at  8964 to 8934

June Aussie Dollar
Support should appear near the 7513 to 7486
Resistance should appear near 7675 to 7689  

 
                                            Precious Metals

June Gold
Resistance should appear at 699 to 700.3 and 707.4 to 708.8    
Support is at 675.5 to 674.3 and 659.1 to 657.7 

July Copper
Resistance should appear near 38580 to 38670 and 39090 to 39290
Support should appear near 33280 to 33190 and 299.00 to 297.70

July Silver 
Resistance  should appear near 1377.0 to 1383.0   
Support  is at 1274.0 to 1268.0    

The Exciting Energies 
 

July Crude Oil
Resistance should appear near at  7074 to 7088 and 7143 to 7170 
Support should appear at  6919 to 6906 and 6836 to 6809

June Unleaded Gas 
Resistance should appear near  20340 to 20430 and 20800 to 20890    
Support  should appear near 19090 to 19020 and 18650 to 18580

June Heating Oil
Resistance should appear at 19820 to 19960 and 20340 to 20420  
Support should appear near 18650 to 18580 and 17800 to 17740    

                                    The Lively Livestock

June Cattle
Recommended Open Position Short 7412
Support should appear near 7692 to 7672 and  7602 to 7587
Resistance is at 7837 to 7862 and 7937 to 7957

June  Hogs
Recommended Open Position Short 6672
Recommended Open Spread : Short 5 June at 6630/  Long 5 August 6572
Support is at  6672 to 6657 and 6592 to 6577
Resistance should appear near 6742 to 6757and the 6807 to 6837 region which should cap a rally
BW Traders can sell at 6802 and risk a close over 6922 for three days in a row

BW Traders should go short if a close under 6572 occurs

July  Hogs
Support is at  6592 to 6577, a s slip under augurs for a test of 6512 to 6482
Resistance should appear near 6657 to 6672 and the 6742 to 6757 region

July Pork Bellies
Resistance should appear near 8482 to 8502 and 8557 to 8592     
Support  is at  8317 to 8302 and 8222 to 8192

 
                                          The Grande’ Grains

July Soybeans
Resistance at  the 610 1/4 to 611 1/4 and 625 3/4 to 627  
Support should appear near 603 1/2 to 602 1/4 and 595 3/4 to 594 1/2 

July Soymeal
Resistance  should appear near  180.8 to 182.2 
Support should appear near 173.8 to 173.1

July Soybean Oil
Resistance should appear near  2612 to 2620 
Support should  appear near 2519 to 2511   

July corn
Resistance should appear near 266 1/4 to 267 1/4 and the 271 1/4 to 272 1/2 region 
Support is at the 256 3/4 to 255 3/4 and 251 3/4 to 251 1/4 . 

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 399 1/4 to 398 1/4 and 392 3/4 to 390 3/4

                                                          The Satisfying Softs

July ‘ The Monster ' Coffee
Support  should appear near 10135 to 10105 and 9940 to 9925
Resistance  should appear near 10320 to 10360 and 10580 to 10680 

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

July  Sugar
Resistance should appear near  1731 to 1738 and 1808 to 1822
Support  should appear near 1696 to 1689 and 1655 to 1642

July Cotton
Support should appear near  5065 to 5055 and 4995 to 4975
Resistance should appear near 5200 to 5210 and 5255 to 5285   

    
-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

Tuesday  May 16th  2006
9:10 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.