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FuturesCom Investment Publications
Morning Comments Friday May 19th 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                                                    

"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"

Thursday May 18th  2006
11:00  PM South Florida Beach Time             

                                  The Sensational Stock and Bond Markets               
Dow Jones Industrial Average
Resistance should appear near 11,300 to 11,360.00
Support  should appear near 11,150.00  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 the decline...

June SP500
Support  should appear near 1250 and the 1238 to 1232.00 region
Resistance should appear near 1268.00 to 1274.00.

NASDAQ Composite
Support should appear near 2170 and 2134 to 2126
Resistance should appear near  2219 to 2226   

June Mini Nasdaq 100
Resistance should appear near  1609 to 1615 and 1628.5
Support should appear near 1576 to 1569

June Mini Russell 2000
Support is at 717.00 to 714.30 and 708.80 to 707.40
Resistance should appear near 724.20 to 725.50 and 732.8 to 734.2

June 10 Year T-Note  
Resistance should appear near 105-21 and 106-07
Support  is at  105-07 and 104-21.

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

                                       The Frenzied Forex Front

June  Yen
Recommended Open position Short at 9126
Resistance should appear near 9060 and 9100 
Support should appear near 8964 to 8934

June  Euro Currency (EC)
Recommended Open Position Short 3 at 12343 avg
Support should appear at 12815 and 12740 to12680  
Resistance should appear at 12890 and 12965   

June Swiss Franc
Recommended Open Position Short 4 at 8355  avg
Resistance should appear near  8300 to 8314
Support should appear near 8223 to 8194 

June  British Pound
Support should appear near 18835 , a slip under augurs for a test of  the 18650 to 18580 region....
Which now seems more likely  than not to occur 
Resistance should appear near 19020 to  19090

Trade Accordingly

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

June Aussie Dollar
Support should appear near the 7601 to 7587
Resistance should appear near  7675 to 7689  

 
                                            Precious Metals

June Gold
Resistance should appear at 690.6 to 691.9 and 699 to 700.38    
Support is at 675.5 to 674.3 and 659.1 to 657.7 

July Copper
Resistance should appear near 37340 to 37430 and 38580 to 38670
Support should appear near 33280 to 33190 and 299.00 to 297.70

July Silver 
Resistance  should appear near  1274.0 and 1289.0     
Support  is at 1238.0 to 1232.0 and 1203.0 to 1192.0    

The Exciting Energies 
 

July Crude Oil
Resistance should appear near at 7074 to 7088 and 7143 to 7170  
Support should appear at 7003 to 6990 and the 6919 to 6906  ..

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 2 at 6737 avg
Recommended Open Spread : Short 5 June at 6630/  Long 5 August 6572
Support is at  6757 to 6747 and 6672 to 6657
Resistance should appear near 6807 to 6837 and 6907 to 6922
BW Traders should go short if a close under 6572 occurs

July  Hogs
Support is at  6672 to 6657 and 6592 to 6577, a s slip under augurs for a test of 6512 to 6482
Resistance should appear near 6742 to 6757 and 6807 to 6837

July Pork Bellies
Resistance should appear near 8667 to 8682 and 8932 to 8967     
Support  is at  8502 to 8482 and 8407 to 8392
 
                                          The Grande’ Grains

July Soybeans
Resistance at  the 602 1/4 to 603 1/2 and 610 1/4 to 611 1/4  
Support should appear near 595 3/4 to 594 1/2 and 588 to 585 1/2 

July Soymeal
Resistance  should appear near  177.40 to 178.0 
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 261 1/4 to 262 and 266 1/4 to 267 1/4 
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  423 3/4 to 424 3/4  and the 437  to 438 1/4 region 
Support should appear near 412 to 411 and 399 1/4 to 398 1/4

                                                          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  1535 to 1529 and 1496 to 1484
Resistance should appear near 1569 to 1576 and 1609 to 1615

July  Sugar
Resistance should appear near 1642 to 1655 and 1689 to 1696
Support  should appear near 1615 to 1609 and 1576 to 1569

July Cotton
Support should appear near 4995 to 4975 and 4925 to 4915
Resistance should appear near 5055 to 5070 and 5125 to 5140    

    
-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

Friday  May 19th  2006
12:10 AM  South Florida Beach Time

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