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Morning Comments,
April 1st, 2004
Experienced Since 1979 -
Serving Professional and Individual Traders World Wide since 1988
7690
Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com
Wed March 31st 2004
8:00 PM .. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9625 to 9641 and 9707 TO 9737
Support should appear near 9542 to 9526 and 9445 to 9429
June Euro Currency (EC)
Support should appear at 12175 and 1.2030
to 1.1920
Resistance is at 1.2320 to
1.2380
June Swiss
Franc
Resistance
should appear near 7939 to 7954 and
8029 to 8044
Support should appear near the
7864 to 7836 and the 7777 to 7763 region..
June British Pound
Recommended Open Position Short 1.7955
Support should appear near 1.8220 to 1.8080
Resistance should appear near 1.8400
and 1.8580 to 1.8680
June Canadian Dollar
Recommended Open Position Short 7586
Support should appear near
7587 and 7513 to 7487
Resistance is at 7675 to 7689
June Aussie Dollar
Recommended Open Position Short 7320
Support should appear near 7513 to 7486
Resistance should appear at 7586 to 7601
Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow
Jones Industrial Average
Resistance should appear
near 10470 and 10580 to 10630
Support should appear near 10340 to 10320 and 10257
June SP500
Recommended Open Position Long 2 at 1111.5
Resistance should appear near 1130 to 1136 and 1150
Support should appear near 1115.50 and 1101 to 1096
Nasdaq Composite
Support should appear near 1982 and 1953 to 1909
Resistance should appear
near 2034 to 2042
June Mini
Nasdaq 100
Resistance is at 1453 to 1459 and 1471.5
Support is at 1438 and 1421 to 1415
June
10 Year T-Note
Resistance should
appear near 115-22 and 116-07
Support is
at 115-07
then 114-22 and 114-07
Precious Metals
June Gold
Recommended Open Position Short 2 at 418
Support should appear at 424.9 to 423.8 and 418.3 to 416.3
Resistance is at 430.4 to 431.5 and
437.0 to 438.1
May Copper
Support should appear near 134.6 to 133.40 and the 131.00 to 130.40 region..
Resistance should appear near 137.70
to 138.30 and 141.50 to 142.10.
May Silver
Support should appear 786.5 to 783.5 and 769 to 767.5
Resistance is at 802.9 to 804.4 and 811.5 to 813.5
The Exciting Energies
May
Crude Oil
Support
should
appear near 3563 to 3553 below that a test of 3504 to 3493 is likely.
Resistance is at 3613 to 3623
and 3734 to 3743
May Unleaded
Gas
Resistance should appear
near 11640 to 11690 and 11920 to 12030
Support should appear near 11360 to
11300 and 11010 to
10960 .. an extended trade or close under augurs for a test of 10680 to 10580
May Heating Oil
Resistance should appear near 9044 to 9060 and
9316 to 9347
Support should appear near 8934 and 8871 to 8856.. below that a test
of 8777 to 8762 is likely. .
Trade Accordingly…
The Lively Livestock
June Cattle
Recommended open position Short 7357
Support should appear at 7587 and 7512 to 7487
Resistance is at 7675 to 7692 and 7762 to 7777
June Hogs
Support is at 7427 to 7412 and 7342 to 7327
Resistance is at 7487 to 7512 then 7587 to 7602 and 7672 to
7692
July Hogs
Support is at 7002 to 6992 and 6922 to 6907
Resistance is at 7072 to 7087 and
7142 to 7172
May Pork
Bellies
Recommended open position Short 10122
Support should appear near 10680 to 10630 and 10580
Resistance is at 10820 and 10960 to 11010.
The Grande’ Grains
May Soybeans
Resistance is at 1002 3/4 to 1003 3/4 then 1013 3/4 to 1010 1/2 and 1032 to 1036 and 1047
Support should appear at 993 3/4 to 992 1/4 and the 983 3/4 to 982 1/4 region
May
Soymeal
Support should appear near 314.8 then 310.1 to 309.2 and 304.5 to 303.6
Resistance should appear near 319.4 to 321.2 and 326.1 to 327 and
331.9 to 332.8
May Soybean Oil
Resistance should appear near 3261 to 3270 and 3319 to 3328
Support should appear near 3213
to 3194 and 3157 to 3148
July Corn
Recommended open position long at 323 1/2
Resistance should appear near 331
3/4 to 332 3/4 and 337 3/4 to 338 3/4 .
Support is at 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4
May CBOT Wheat
Support
should appear near 405 3/4 to 404 3/4 and 399
1/4 to 398 1/4
Resistance should appear
near 416 1/4 to 418 1/4 and 423 3/4
to 424 3/4 .. beyond that a test of 430 1/2 to 431 1/2 is likely.
July CBOT Wheat
Recommended Open Position Long at 414
Support should appear near 412 to 411 then 405 3/4 to 404 3/4 and 399
1/4 to 398 1/4
Resistance should appear
near 416 1/4 to 418 1/4 and 423 3/4
to 424 3/4 .. beyond that a test of 430 1/2 to 431 1/2 is likely.
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
7645
Support should appear near 7255 to 7240 and the 7170 to 7140 region. Below
that buyers should appear near 7090 to 7075.
Resistance should appear near 7415
to 7430 and the 7485 to 7515 region. Beyond that a test of 7585 to 7605 is
likely.
May Cocoa
Support is at 1535 to 1529 and 1496 to 1484
Resistance should appear near 1569 to 1576
and 1609 to 1615..
BW Traders can sell at 1607 and risk a close over 1657 for three days in a row.
.
May
Sugar
Support should appear near 634 to 630 and 609 to 601
Resistance should appear near 656 to 661.. beyond that a test
of 682 to 686 is likely.
May Cotton
Recommended Open Position Long 6355
Support
should appear near the 6115
to 6105 and 6035 to 6020.
.Resistance should appear near 6255 to 6270 and 6335 to 6350.
A Ship in Harbor is Safe...But that is not what ships
are built for –
Stay tuned for
flashes and updates in all markets..
Happy
Trading!
Bill
wil@futurescom.com
1-866-409-3890
Wed March 31st, 2004
9:00 PM South Florida Beach Time
THIS PUBLICATION 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved
Recommended Open Positions
Short June British Pounds 17955
Short June Canadian Dollars 7586
Short June Aussie dollars 7320
Long 2 June SP500 1111.50 avg
Short 2 June Gold 418.00
Short June Cattle 7357
Short May Pork Bellies 10122
Long July Corn 323 1/2
Long July Wheat 414
Long May Coffee 7645
Long May Cotton 6355