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FuturesCom Investment Publications
Morning Comments  Thursday July 6th 2006
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Wed July 5th  2006
2:00 PM South Florida Beach Time

                            The Sensational Stock and Bond Markets

 

Dow Jones Industrial Average
Support
 is at  11,010.00 to 10,980.00
Resistance remains near 11,300.00 to 11,360.00

Sept  SP500
Support
is at  1274.00 to 1268.00 and the 1238.00 to 1232.00 region.
Resistance should appear near 1289.00 and the 1304.00 to 1310.00 region 

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

Sept Mini Nasdaq 100
Resistance
should appear near  1576.00 and 1592.5
Support should appear near  1552.00 and 1535.00 to 1529.00.


Sept Mini Russell 2000
Support
is at  717.0 to 714.30 and 700.30 to 699.00
Resistance should appear near 732.80 to 734.20 and 741.40 to 742.80 region  

Sept  10 Year T-Note  
Resistance
should appear near 104-21  beyond that sellers should appear near 105 -07   
Support  is
at  103-21 and 103-07  ..

Sept  30 Year  T-Bond
Resistance
should appear near 106-07 and 106-21 
Support  is
at 106-07 , failure to maintain a posture over augurs for a test of 105-21 and 105-07  
                          

The Frenzied Forex Front

Sept  Yen
Recommended open position Short at 8809
Resistance should appear near 87762 to 8777 and 8856 to 8871  BW Traders can sell at 8856 for a turn lower and hold for lower prices..
Support should appear near 8683 to 8668 and the 8589 to 8560 region 

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  8134 to 8119    

Sept  British Pound
Support
should appear near 18220 to 18080 
Resistance
should appear near  18400 and 18580 to 18650. 
BW  Traders can sell at 18570 for a turn lower and hold for lower prices

Sept  Canadian Dollar
Recommended open position Short at 9043
Resistance should appear near 9044 to 9060
Support
is at  8964 to 8934 and 8871 to 8856.

BW Traders should go short if a close under 8931 occurs

Sept Aussie Dollar
Recommended open position short at 7411
Support
should appear near 7342 to 7328..failure of this level augurs for a test of 7170 to 7143
Resistance should appear near 7414 to 7428 and 7487 to 7501BW  Traders can sell at 7486 for a turn lower and hold for lower prices..


 

                                       Precious Metals

August  Gold
Resistance
should appear at  633.7 to 635 and  641.7 to 643.0 
Support is at  619.0 to 616.5 and 611.3 to 610.1 

Sept Copper
Resistance  
should appear near 34250 to 34430 and 34930 to 35030  Beyond that 35530 to 35630  should bring out sellers    
Support
should appear near  310.20 to 309.20 and 30450 to 30360 …Below that a test of 288.30 to 287.40 is likely.  

Sept Silver 
Resistance
 should appear near 1164.0 to 1169.0
Support 
is at 1101.0 to 1096.0

 

The Exciting Energies

 

August Crude oil
Resistance
should appear near 7587 to 7601 and 7675 to 7689 .
Support   should appear near 7428 to 7414 and 7342 to 7328,


August Unleaded gas
Resistance
should appear near 23150 to 23220 . Beyond that 24110 to 24190  should cap a rally.
Support
should appear near  21850 to 21700 and 20880 to 20800

August Heating Oil
Support
should appear near 19960 to 19829 and the19090 to 19020 region
Resistance
should appear near 20800 to 20880 and 21260 to 21340

 

 The Lively Livestock 

August  Cattle
Support
should appear near 8667 and 8587 to 8557 
Resistance is at 8762 to 8777 and 8857 to 8872 

August   Hogs
Recommended open position short 4 at 7037
Support
is at  7142 and 7002 to 6992  
Resistance should appear near 7242 to 7257 and 7327 to 7342 

Oct Hogs
Support
is at 6272 to 6257 and 6192 to 6162  
Resistance should appear 6337 to 6352 and 6417 to 6432 .

July  Hogs
Recommended open position short 5 at 6497

August Pork Bellies
Resistance
 should appear near 9427 to 9447
Support is at 9157 to 9137

                                          The Grande’ Grains

August  Soybeans
Recommended open position long at 596 1/4
Resistance at  610 1/4 to 611 1/4 and 616 1/2 to 619

Support
should appear near 595 3/4 to 594 1/2 and 588 to 585 1/2

August Soymeal
Recommended open position  Long 2 at 178.9 
Resistance should appear near  177.4 to 178.0  
Support  should appear near 173. to 173.10

August Soybean Oil
Recommended open position Long at 2521
Resistance should appear near  2663 to 2672 and 2716 to 2724 
Suppor
t should appear near  2620 to 2612 and  2519 to 2511 .

Dec Corn
Recommended open position Long 2 at  272 3/4 avg
Resistance
should appear near 266 1/4 to 266 1/4  and 275 1/4  to 277 1/2 .
Support is at 262 to 261 1/4 and 256 3/4 to 255 3/4 .

Dec Wheat
Recommended open position Long at  418 3/4
Resistance should appear near  430 1/2 to 431 1/2 and the 442 1/2  to 444 3/4 region.
Support
should appear near  418 1/4 to 416 1/4 and 412 to 411 ..

 Trade Accordingly                                 

                       

 

                                                            The Satisfying Softs

 

Sept ‘The Monster ' Coffee
Support
should appear near 10135 to 10105 and 10035 to 10020.  
Resistance
 should appear near 10360 , a close over is friendly and augurs for a test  10580 to 10680.. Which should cap a rally.  

Sept Cocoa
Support
is at1696 to 1689 and 1655 to 1642 .
Resistance should appear near 1731 to 1738 and 1774 to 1780  
Trade Accordingly 

Oct Sugar
Resistance
should appear near 1731 to 1738
Support
 should appear near 1655 to 1642

Dec Cotton
Recommended open position Long at 5510
S
upport should appear near 5285 to 5255 and 5210 to 5200
Resistance should appear near 5415 to 5430 and 5490 to 5505

Trade Accordingly

 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

Wed July 5th  2006
3:05  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 7-05-2006
Short Sept Yen 8809
Short 2 Sept EC 12648
Short 4 Sept Swiss Francs 8162  
Short Sept Canadian Dollars 9043
Short Sept Aussie Dollar 7410
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