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Morning Comments  Friday June 30th 2006
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Friday June 30th  2006
5:00 AM South Florida Beach Time

 

                                 The Sensational Stock and Bond Markets

 

Dow Jones Industrial Average
Support
 is at 11,155.00, a close under augurs for a test of  the 11010.00 to 10960.00 region 
Resistance
should appear near 11,300 to 11,360.00

Sept  SP500
Support
is at  the 1274.00 to 12268.00 and 1253.00 ..
Resistance should appear near 1289.00 and 1304.00 to 1310.00 

NASDAQ Composite
Support
should appear near 2170 and 2134.00 to 2126.00 
Resistance
should appear  near 2185.00 and 2219.00 to 2226.00 

Sept Mini Nasdaq 100
Resistance
should appear near  1609.0.00 to 1615.00 and 1642.00 to 1644.00 
Support should appear near 1576.00 to 1569.00

Sept 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 732.60 to 734.20     

Sept  10 Year T-Note  
Resistance
should appear near 104-21 and 105-07   
Support  is
at 104-07  and 103.21

Sept  30 Year  T-Bond
Resistance
should appear near  105-21 and 106-07
Support should appear near 105-07 and 104-21

The Frenzied Forex Front 

Sept  Yen
Resistance
should appear near 8856 to 8871
Support should appear near 8777 to 8762  

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 8164 and 8134 to 8119    

Sept  British Pound
Support
should appear near 18220 to 18080
Resistance
should appear near 18400 and 18580 to 18650

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

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

 
                                       Precious Metals

August  Gold
Resistance
should appear at 602.3 to 603.5 and 7610.1 to 611.3 
Support is at 588.0 to 585.5  and 580.5 to 579.2

Sept Copper
Resistance  
should appear near 34250 to 34430 and 35530 to 35630  
Support
should appear near 32130 to 31940 and 31020 to 30930 .  

Sept Silver 
Resistance
 should appear near 1098.0 to 1101.0  
Support  is at 1036.0 to 1032.0

  
                                       The Exciting Energies
 

August Crude Oil
Resistance
should appear near 7414 to 7428 and 7486 to 7513
Support  
should  appear near 7255 to 7242 and  7088 to 7074.

August Unleaded Gas
Resistance
should appear near 22670 to 22750 and 24110 to 24190
Support
should appear near 21850 to 21700 and 20890 to 20800

August Heating Oil
Resistance
should appear near  21260 to 21340 and 21700 to 21850
Support
 should appear near 20420 to 20340 and 19960 to 19820                    

 

The Lively Livestock
 

August  Cattle
Support
should appear near 8502 to 8482 and 8407 to 8392
Resistance
is at 8667 to 8682 and 8762 to 8777  

August   Hogs
Recommended open position Short 4 at 7037
Support is at 6922 to 6907 and 6837 to 6807.. Below that 6757 to 6742 should contain a decline       
Resistance should appear 6992 to 7002  then 7072 to 7087 and 7142 to 7172 

July  Hogs
Recommended open position short 5 at 6497

August Pork Bellies
Resistance
 9237 and 9317 to 9347
Support
 is at 9157 to 981327 and 9062 to 9042  
 
 

                                          The Grande’ Grains
August  Soybeans
Recommended open position long at 596 1/4
Resistance at  602 1/4 to 603 1/2 and 616 1/2 to 619
Support
should appear near 588 to 585 1/2 and 580 1/2 to 579 1/4 

August Soymeal
Recommended open position  Long 2  at 178.9  
Resistance should appear near 180.8 to182.2 
Support  should appear near 173.8 to 173.1 

August Soybean Oil
Recommended open position Long at 2521
Resistance should appear near 2612 to 2620 and 2663 to 2672 
Suppor
t should appear near 2568 to 2558 and 2519 to 2511  

Dec Corn
Recommended open position Long 2 at  272 3/4
Resistance
should appear near 261 1/4 to 262  
Support is at 251 3/4 to 251 1/4 

Dec Wheat
Recommended open position Long at  418 3/4
Resistance should appear near  423 3/4 to 4243/4 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 10020 to 10035 and 10105 to 10135.
Resistance  should appear near 9835 to 9820 and 9735 to 9705 

Sept Cocoa
Support
is at 1576 to 1569  
Resistance should appear near 1642 to 1655

Oct Sugar
Resistance
should appear near  1689 to 1696 
Support
 should appear near 1615 to 1609  and 1592

Dec Cotton.
Recommended open position long at 5510
Support should appear near 5355 to 5345 and 5280 to 5255
Resistance should appear near 541`5 to 5430 and 5490 to 5505 


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

Friday June 30th  2006
7:45  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 6-28-2006
Short 2 Sept EC 12648
Short 4 Sept Swiss Francs 8162  
Short 4 August Hogs 7037  
Short 5 July hogs 6497
Long August Beans 596 1/4
Long August Bean Oil 2521
Long 2 August Soymeal  178.9 
Long Dec Wheat 418 3/4
Long 2 Dec Corn 272 3/4
Long Dec Cotton 5510