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Morning
Comments, Thursday
April 15th
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 April 14th 2004
6:30 PM. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9429 to 9445 and 9526 to 9542
Support should appear near 9156 to 9140 .. below that a test of 9060 to
9044 is likely...
June Euro Currency (EC)
Support should appear at 11920 .. a close under augurs for a test of 11805 and
eventually the 11690 to 11640 region
Resistance is at 11975 to 12030 and 12175
Aggressive BW Traders should go short if a close under 11917 occurs
June Swiss
Franc
Recommended Open Position Short 2 at 7752 avg
Resistance should appear near 7763 to 7777 and 7836 to 7864
Support should appear near 7689
to 7675 and 7601 to 7587 .
June British Pound
Support should appear near 17740 an extended trade under augurs for a test
of 17560 and eventually 17380 to 17310
Resistance should appear near 17940 and 18080 to 18150.. beyond that sellers
should cap a rally at 18220 .
June Canadian Dollar
Support should appear near 7414 and
the 7342 to 7328 region Below that buyers should appear near 7255 to 7242
.. BW traders can buy for a bounce at 7257 and risk a close under 7137 for three
days in a row...
Resistance is at 7486 to 7513
and 7587 to 7601.
June Aussie Dollar
Support
should appear near 7255 to 7242 .. below that buyers should appear near
7170 to 7143 and the 7003 to 6990 region.
BW traders can buy at 7005 for a turn higher and risk a close under 6902 for
three days in a row..
Resistance should appear at 7328 to 7342 and 7414 to 7428.
The
Sensational Stock and Bond Markets
Dow
Jones Industrial Average
Resistance should appear
near 10470 and the 10580 to 10680 region.
Support should appear near 10360 to 10320 and 10185
June SP500
Recommended Open Position Long 1121.70
Resistance should appear near 1130 to 1136 .. Beyond that a test of 1150 is
likely.
Support should appear near 1115.50 and the 1101 to 1096 region .
Traders should stay tuned for Flashes and Updates
Nasdaq Composite
Support should appear near 1996 to 1982 below that buyers should appear
near 1953 to 1946.
Resistance should appear near 2034 to 2042.. beyond that sellers should
appear near 2080 to 2089
June Mini Nasdaq 100
Resistance should appear near 1484 to 1496 and the 1529 to 1535 region.
Support is at 1459 to 1453.and the 1421 to 1415 region.
June
10 Year T-Note
Resistance should
appear near 111-22 then 112-07 and
112-22
Support
is
at 111-07 then 110-22 and 110-07
Precious Metals
June Gold
Support
should appear at 399.2 to 398.2 and the 392.9 to 390.9 region..
Resistance is at 404.6 to 405.6 and 411 to 412
May Copper
Support should appear near 127.40 to 126.80 and the 123.80 to 123.20 region, which should hold..
Resistance should appear near 13040
to 13100 and 133.40
to 134.60
May Silver
Support should appear near 683.5 to 681 and 667.5 to 665.5
Resistance is at 724.5 to 725.5 and 741.5 to 742.5
The Exciting Energies
Please note that we are rolling analysis to June
crude oil
June
Crude Oil
Resistance should
appear 3663 to 3682 and 3734 to 3743
Support is at 3623 to 3613 and the 3563 to 3553 region.
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
May Heating Oil
Resistance should appear near 9525 to
9545 and 9705 to 9735 which should cap a rally.
Support should appear near 9345 to 9315 and the 9155 to 9140 region.
Trade Accordingly…
The Lively Livestock
June Cattle
Recommended open position short at 7357
Support should appear at 7837 and 7692 to 7672
Resistance is at 7937 to 7957 and 8027 to 8047
June Hogs
Support is at 7427 to 7412 and 7342 to 7327
Resistance is at 7487 to 7512
and the 7587 to 7602 region.
July Hogs
Support
is at 7342 to 7327 and the 7257 to 7242 region
Resistance is at 7412 to 7427
and the 7487 to 7512 region.
May Pork
Bellies
Support
should appear near 10362 to 10322 and 10137 to 10102
Resistance is at 10467 then 10577 to
10627 and 10682
The Grande’ Grains
July Soybeans
Resistance is at 1032 to 1035 and the 1047
Support should appear near 1005 to 1000 and the 993 3/4 to 992 1/4
region.
July
Soymeal
Support should appear near 315.7 to 314.8 and 310.2 to 309.2
Resistance should appear near 326.1 to 327 and the 331.9 to 332.8 region.
July Soybean Oil
Resistance
should appear near 3319 to 3328 and 3377 to 3386.
Support should appear near 3213
to 3194 and 3157 to 3148.
July Corn
Recommended open position Long 2 at 326 3/4 avg
Resistance should appear near 326 1/4 to 327 and the 331 3/4 to 332 3/4
region.
Support is at 321 1/4 to 319 1/2 and the315 3/4 to 314 3/4 region.
BW traders should go long if a close over 338 3/4 occurs.
December Corn
Recommended open Position long at 333 1/4
Resistance should appear near 321 1/4 and 326 1/4 to 327
Support is at 315 3/4 to 314 3/4 and 310 1/2 to 309 1/4
May CBOT Wheat
Support should appear near 392 3/4 to 390 3/4 and 380 3/4 to 379 1/2
Resistance should appear near 404 3/4 to 405 3/4 .and 411 to
412
BW Traders should go long if a close over 419 1/4
occurs.
July CBOT Wheat
Support should appear near 399 1/4 to 398 1/4 and 386 3/4 to 385
3/4
Resistance should appear
near 411 to 412 and 416 1/4 to 418 1/4
BW traders should go long if a close over 431 1/2 occurs
The
Satisfying Softs
July the ‘Monster’ Coffee
Recommended Open position long at 7170
Support is near 7170 to 7140 an 7005 to 6990
Resistance should appear near 7325 to 7345 and 7415 to 7430
July Cocoa
Recommended open position Short 1389
Support is at 1383 to 1377 and the 1346 to 1334 region..
Resistance is at 1415 to 1421 and 1453 to 1459 .
July
Sugar
Support should appear near 686 to 682 and 661 to 656
Resistance should appear near 704 to 712 and
the 735 to 739 region.
July Cotton
Recommended open position Long 6115
Support
should appear near 6190 to
6165 and 6115 to 6105
Resistance should appear near 6335 to 6350 and 6415 to 6430
BW Traders should go long of a close over 6525 occurs.
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
Wednesday April 14th, 2004
7:00 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.
-----------------------------------------------------------------------------------------
Terms
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved
Recommended Open BW Positions
Short 2 June Swiss Franc 7752 avg
Long June SP500 1121.70
Short June Cattle 7357
Long 2 July Corn 326 3/4 avg
Long December Corn 333 1/4
Long July Coffee 7170
Short July Cocoa 1389
Long July Cotton 6115