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Morning Comments  Wed July 12th 2006
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Tuesday July 11th  2006
3:00 PM South Florida Beach Time
                                                                                                                                                               

 

                                                 The Sensational Stock and Bond Markets
 

Dow Jones Industrial Average
Support
 is at  11,010.00 to 10,960.00
Resistance now remains at  11,155.00.. beyond that sellers should appear near  11,300.00 to 11,360.00

Sept  SP500
Support
is at  1274.00 to 1268.00 and 1238.00 to 1232.00
Resistance
should now appear near  1281.50 and 1289.00  

NASDAQ Composite
Support
should appear near 2089.00 to 2080.00
Resistance
should appear near 2134.00 and 2152.00

Sept Mini Nasdaq 100
Resistance
should appear near 1552.00 and 1569.00 to 1576.00
Support should appear near 1512..50 and the 1496.00 to 1484.00 region

Sept Mini Russell 2000
Support
is at  708.80 to 707.40
Resistance should appear near 724.20 to 725.50  

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

Sept  30 Year  T-Bond
Resistance
should appear near 107-07 and 107-21 which should cap a rally..
Support  is
at 106-21 and 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 2  at 8832
Resistance should appear near 8856 to 8871 and 8934  to 8964
Support should appear near 8777 to 8762 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 12890 and 12965  


Sept Swiss Franc
Recommended Open Position Short 4 at 8162
Resistance
should appear near 8223 and 8300 to 8314
Support 
should appear near 8134 to 8119    

Sept  British Pound
Recommended open position Short 2 at 18448
Support should appear near 18220 to 18080 
Resistance
should appear near 18580 to 18650  

Sept  Canadian Dollar
Resistance
should appear near 8856 to 8871
Support
is at  8777 to 8752

Sept Aussie Dollar
Recommended open position short 2  at 7448 avg
Support
should appear near 7486 and 7428 to 7414
Resistance
should appear near 7550 and 7586 to 7601 


                                                           Precious Metals

 

August  Gold
Resistance
should appear at 648.3 to 650.9 and 657.7 to 659.1 
Support is at  635.0 to 633.7 and 619.0 to 616.5  

Sept Copper
Resistance  
should appear near  37340 to 37430
Support
should appear near 34430 to 34250   

Sept Silver 
Resistance
 should appear near 1164.0 to 1169.0 and 1192.0 to 1203.0
Support 
is at  1101.0 to 1096. and 1068.0 to 1058.0 

 

The Exciting Energies

 

August Crude oil
Resistance
should appear near  7414 to 7428 and 7486 to 7513.
Support   should appear near 7342 to 7328 and 7170 to 7143


August Unleaded gas
Resistance
should appear near  22190 to 22260
Support
should appear near 20880 to 20800

August Heating Oil
Support
should appear near 19530 to 19460 and  the19090 to 19020 region
Resistance
should appear near  20340 to  20420 and 20800 to 20880 

 

 The Lively Livestock 

 

August  Cattle
Support
should appear near  8317 to 8302 and 8222 to 8192
Resistance
is at  8482 to 8502 and 8562 to 8592  

August   Hogs
Recommended open position short 7 at 6942 avg
Support
is at  6742 to 6757 and the 6672 to 6657 region 
Resistance should appear near 6807 to 6837 and 6907 to 6922
 
Oct Hogs
Support
is at  5957 to 5942 
Resistance should appear  6102 to 6117 .

July  Hogs
Recommended open position short 2 at 6497

August Pork Bellies
Resistance
should appear near 9317 top 9347 and 9527 to 9542 
Support
is at 9157 to 9142 and 9062 to 9042  

                                          The Grande’ Grains

August  Soybeans
Resistance at  616 1/2 to 619 and the 625 3/4 to 627 region
Support
should appear near 603 1/2 to 602 1/4 and 595 3/4 to 594 1/2

August Soymeal
Resistance should appear near  177.4 to 178.0  
Support  should appear near 173.8  to 173.1

August Soybean Oil
Resistance should appear near  2758 to 2775 and 2820 to 2829 
Suppor
t should appear near  2672 to 2663 and 2620 to 2612.

Dec Corn
Resistance
should appear near 282 to 282 3/4
Support is at  272 1/2 to 271 3/4  

Dec Wheat
Resistance should appear near  437 to 438 1/4 and 442 1/2  to 444 3/4
Support
should appear near 424 3/4 to 423 3/4 and 418 1/4 to 416 1/4

Trade Accordingly                                 

                   

                                                            The Satisfying Softs

 

Sept ‘The Monster ' Coffee
Support
should appear near 9935 to 9920 and 9735 to 9705   
Resistance
 should appear near 10135 to 10105 and 10320 to 10360  

Sept Cocoa
Support
is at 1696 to 1689 and 1655 to 1642
Resistance should appear near 1731 to 1738 and 1774 to 1780  

Oct Sugar
Resistance
should appear near  1684 to 1696 
Support
 should appear near 1615 to 1609 

Dec Cotton
Support should appear near  5210 to 5200 and 5140 to 5125
Resistance should appear near 5345 to 5355 and the 5415 to 5430 region

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

Tuesday July 11th  2006
3:50  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 7-11-2006
Short 2 Sept Yen 8832 
Short 2 Sept EC 12648
Short 4 Sept Swiss Francs 8162  
Short 2 Sept British Pounds 18448 
Short 2 Sept Aussie Dollar 7448
Short 7 August Hogs 6942 avg  
Short 2 July hogs 6497