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Morning Comments  Wed  June 7th  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.

Tuesday June 6th  2006
4:45 PM South Florida Beach Time

                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Support at  10960.00 and 10,820.00
Resistance should appear near  11,155.00 and  11,320.00 to 11,360.00

June  SP500
Support is at  1250.00 and the 1238.00 to 1232.00 region..
Resistance should appear near 1268.00 to 1274.00 and 1289.00 ..

NASDAQ Composite
Support should appear near 2152.00 and  2134.00 to 2126.00.
Resistance should appear near  2170.00 to 2185.00 and 2202.00   

June Mini Nasdaq 100
Resistance should appear near  1609.00 to 1615.00 .   
Support should appear near the 1576.00 to 1569. 00 and 1552.00 .

June Mini Russell 2000
Support is at 708.80 to 707.40  and 700.30 to 699.0 and the 683.60 to 680.90 region.  
Resistance should appear near  714.30 to 717.0 and the 724.20 to 725.50 region .

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

Sept  30 Year  T-Bond
Resistance should appear near 107-21 and 108-07.  
Support  is at 107-07 and 106-21   

                                 The Frenzied Forex Front

June Yen
Resistance should appear near  8871 and 8934 to 8964 .
Support should appear near 8777 to 8762.

June  Euro Currency (EC)
Recommended Open Position Short 5 at 12518
Support should appear at 12740 to 12680
Resistance should appear near 12890 and 13040 to 13100

June Swiss Franc
Recommended Open Position Short 4 at 8355
Resistance should appear near 8264 and 8300 to 8314
Support  should  appear near 8223 to 8194 and the 8134 to 8119 region. 

June  British Pound
Support should appear near  18580  then 18400 and18220 to 18080
Resistance should appear near 18650 and 18835.

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

June Aussie Dollar
Support should appear near 7342 to 7328
Resistance should appear near  7414 to 7428 .   

                                      Precious Metals

August  Gold
Resistance should appear at 641.7 to 643.0    
Support is at  627.0 to 625.7  .

July  Copper
Resistance  should appear near  355.30 to 356.30 and 36130  to 36230 
Support should appear near  332.80 to 331.90 and 310.20 to 309.20 .   

July Silver 
Resistance  should appear near 1192.0 to 1203.0 and 1217.0  
Support  is at 1169.0 to 1164.0 and 1136.0 to 1130.0 . 

The Exciting Energies

July Crude Oil
Resistance should appear near 7255 and 7328 to 7342 .
Support Should appear near 7170 to 7140 and the 7088 to 7074 region

Trade accordingly

July Unleaded Gas
Resistance should appear near  21850 and 22190 to 22260.
Support should appear near 21340 to 21260 and 19530 to 19460.

July Heating Oil
Support should appear near 19960 to 19820 .
Resistance should appear near 20800 to 20890

                                         The Lively Livestock

August  Cattle
Resistance  should appear near the 8117 to 8137 and 8192  to 8222  
Support is at 7957 to 7937 and  7777 to 7762  region.. 

July  Hogs
Recommended open position short 7 at 6497
Support is at  6922 to 6907 and  the 6837 to 6807 region.
Resistance should appear 6992 to 7002 and the 7072 to 7087 region.

July Pork Bellies
Resistance should appear near 8562 to 8592 and 8667 to 8682     
Support  is at 8407 to 8392 and 8317 to 8302  


                                           The Grande’ Grains

August  Soybeans
Resistance at  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  BW  Traders can buy at 596 14 and hold for higher prices..

August Soymeal
Resistance should appear near  185.8 to 186.5 and 190.2 to 190.9 
Support  should appear near 180.8 and  178.0 to 177.4.  BW  Traders can buy at  178.0 and hold for higher prices. ..
Plan to risk a close under  172.7 for three days in a row..

August Soybean Oil
Resistance should appear near 2558 to 2568 and the 2612 to 2620 region
Support should appear near  2519 to  2511 and  2469 to 2461. 
BW Traders can buy at  2521 and hold for higher prices.

Dec Corn
Recommended Open position Long at 278 1/4
Resistance should appear near  275 1/2 to 277 1/2 and 282 to 282 3/4
Support is at 272 1/2 to 271 3/4.   Below that  267 1/4 to 266 1/4  should hold…
BW Traders can buy at 267 1/2 and risk a close under 254 3/4 for three days in a row..   

Dec Wheat
Recommended open position Long at 418 3/4
Resistance should appear near  423 3/4 to 424 3/4 and 430 1/2 to 431 1/2  ..
Support should appear near 412 to 411 and 405 3/4 to 404 3/4 
        

                                             The Satisfying Softs

Sept ‘The Monster ' Coffee
Support should appear near  9735 to 9705 and 9640 to 9625
Resistance  should appear near 9920 to 9935 and 10020 to 10035  

Sept Cocoa
Support is at  1484 and 1421 to 1415 ..
Resistance should appear near 1529 to 1535 and 1569 to 1576,

Oct Sugar
Resistance should appear near 1569 to 1576 and the 1609 to 1615 region .
Support  should appear near 1535 to 1529  and the 1496 to 1484 region  

Dec Cotton.
Support should appear near  5715 and the 5580 to 5550 region.. Below that 5505 to 5490 should hold..
BW  Traders can buy at 5510 and risk a close under 5405 for three days in a row.  
Resistance should appear near 5855 to 5880 and the 6025 to 6040 region.   

 
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

Tuesday June 6th    2006
5:45  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.