Economic
and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones -
Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs
Bi-Weekly Outlooks
Premier Service
Products Quotes
Online Signup
Index Program
FuturesCom
Investment Publications
Morning
Comments, Wed April 21st 2004
Serving Professional and Individual Traders World Wide since 1988
7690
Rockport Circle , Lake Worth , Florida 33467 - USA and Canada
Toll Free : 1-866-409-3890 - Intl : 1- 561-433-2995
http://www.futurescom.com
Tuesday April 20th 2004
3:00 PM. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9314 to 9347 and 9429 to 9444
Support should appear near 9156
to 9140 and the 8986 to 8934 region….Below that buyers should appear near 8871 to 8856.. BW
Traders can buy at 8877 for a turn higher and risk a close under 8752
for three days in a row.
June Euro
Currency (EC)
Recommended open position Short 11889
Support should appear at 11805
and the 11690 to 11640 region.
Resistance is at 11975 to 12030 and
12175..Beyond that sellers should appear near 12320 to 12380 BW Traders
can sell at 1.2174 for a turn lower and hold for lower prices … Risk a close
over 12252 for three days in a row.
June Swiss
Franc
Recommended open position short 2 at 7730 avg
Resistance should appear near 7675 to 7689 and 7763 to 7777.
Support should appear near 7601 to
7587 and the 7513 to 7486 region .
June British Pound
Support
should appear near 1.7740 and 17560.
Resistance should appear near
17800 then 17940 and 18080 to 18150 and 18220
BW Traders can sell at 18132 to a turn lower and
risk a close over 18232 for three days in a row
June Canadian Dollar
Recommended open position short at 7373
Support should appear near the
7342 to 7328 region. Under that buyers should appear near 7255 to 7242
Resistance is at 7414 to 7428 and the
7486 to 7513 region.. BW Traders can sell at 7482 and risk a close over
7604 for three days in a row.
June Aussie Dollar
recommended open position short at 7306
Support should appear near 7255 to 7242 and 7170 to 7143
Resistance should appear at 7414 to 7428 and the 7486 to 7513 region.
.BW
Traders can sell at 7484 and risk a close over 7557 for three days in a
row.
The Sensational Stock and Bond Markets
Dow
Jones Industrial Average
Resistance should appear
near 10320 to 10360
Support should appear near 10257 and 10136 to10104, which
should hold and contain a decline for the time being. …
June SP500
Recommended open position long at 1115.70
Resistance should appear near 1130 to 1136
Support should appear near the 1101.00 to 1096.00 region ..
BW Traders should go long if a close over 1136.70 occurs.
Nasdaq Composite
Support should appear near 1953 to
1946 and 1909 to 1902
Resistance should appear near 1982 to 1996
June Mini Nasdaq 100
Resistance is at the 1453 to
1459 region.
Support is at 1421 to 1415 and 1383 to 1377
June
10 Year T-Note
Resistance
should
appear near 110-22 and 111-07..
Support
is
at 110-07 and 109-22
Trade accordingly.
Precious Metals
June Gold
Resistance should appear at 398.2 to 399.2 and 404.60 to 405.60 .. Beyond that sellers should
appear near 411 to 412 and 416.3 to
418.3. BW Traders can sell at 410.90 and risk close over 418.7 for three days in a
row. Beyond that sellers should appear near 423.80 to 424.90 and cap a rally.
Support is at 392.90 to
390.90 and the 386.70 to 385.80 region, which should hold..
BW Traders should go short if a close under 397.70 occurs.
July Copper
Support should appear near 130.40 then 12740 to 12680 and the 12380 to 12320
region.
Resistance should appear near 13340 to 13460 then137.70 to 13830
Aggressive BW Traders should go short if a close under 130.10 occurs.
July Silver
Support should appear near 675.5 to 674.0 to 667.5 to 665.5
should contain a decline..BW Traders
can buy for a bounce at 676.5 and risk a close under 664.0
for three days in a row.
Resistance is at 681 to 683.5 and 699 to 700.5.
The Exciting Energies
June
Crude Oil
Resistance should
appear near 3663 to 3683 and 3734 to 3743
Support is at 3623 to 3613
a close under is negative and augurs for a test of 3563 to 3553 and most
likely the 3503 to 3493 region.
June Unleaded
Gas
Recommended open position short 11600
Resistance should appear
near 11640 to 11690 and 11920 to 12030 , which should cap an early rally..
Support should appear near 11360 to 11300 failure there augurs for a test
of 11010 to 10960 and eventually the 10680 to 10580 region. Which should hold..
June Heating Oil
recommended open position short 9310
Resistance should appear near
9315 to 9345 then 9425 to 9445 and 9560 to 9590 Beyond that 9705 to 9735 should
cap a rally ,, .BW Traders can sell at 9705 and risk a
close over 9945 for three days in a row.
Support should appear near 9155 to 9140 and 9060 to 9045.
The Lively Livestock
June Cattle
Recommended Open position Short at 7757
Nearby Support should appear at 7777 to 7762 and 7692 to 7672
Resistance is at 7832 to 7867 and 7937 to 7957
June Hogs
Support is at 7002 to 6992 and
the 6922 to 6907 region
Resistance is at 7077 to 7087 and 7142 to 7170
July Hogs
Support is at 6922 to 6912 .. Below that buyers should
appear near 6837 to 6807 and the 6757 to 6742 region. Which should hold.
BW Traders can buy at 6842 and risk a close under 6652for three days in a
row.
Resistance is at 7002 and the 7072 to
7087 region.. Beyond that sellers should appear near 7142 to 7172.
BW Traders should go long if a close over 7092 occurs.
May Pork
Bellies
Support should appear near 10470 and 10360 to 10320 .
Resistance is at 10630 to 10680 ..Beyond that sellers should appear near the 10820
---
Traders should stay tuned for BW Updates and Flashes in the Livestock
markets ---
The Grande’ Grains
July Soybeans
Resistance is at 962 1/2 to 964 1/4 and 970 3/4
to 973
3/4
Support should appear at 944 1/2 to 942 3/4 and the 934 ¾ to 931 ¾ region,
which should hold. Well-heeled
BW Traders who have ice water running through their veins can buy at 937 and risk a
close under 913 ¾ for three days in a row.
Below that 887 ¼ to 885 ¾ should contain a decline ..
July Soymeal
Support should appear near 293.7 to 292.8
and the 282.9 to 282 region, which should hold. BW Traders
can buy at 283.1 and risk a close under 271.2 for three days in a row.
Resistance should appear near 303.6 to 304.5 and 309.1 to 310.2
BW Traders should go long if a close over 310.7 occurs.
July Soybean Oil
Resistance should appear near 3261 to 3270 then 3319 to 3328 and 3377 to
3386 ..
Support should appear near 3213 to 3194 , which should contain a decline,
Failure there augurs for a test of 3157 to 3148 and eventually the 3102
to 3092 region..
BW Traders can go short if a close under 3189 occurs
Stay tuned for BW Flashes and Updates..
July Corn
Resistance should appear near 315 and 319 1/2 to 321 1/4
Support is at 310 1/4 to 309
1/4 and 304 1/2 to 303 3/4
BW Traders should go long if a close over
321 3/4 occurs.
December Corn
Resistance should appear near 309 1/4 to 310 1/4 and 314 3/4 to 315 3/4 ... a close over augurs for a test of 326 1/4 to 327 which should cap a rally for a bit. .
Support is at 304 1/2 to 303 3/4 and 299 to 297 1/4. BW Traders can
buy at 299 3/4 and risk a close
under 281 3/4 for three days in a row
BW Traders should go long if a close over 316 1/4 occurs.
July CBOT Wheat
Recommended open position long 402 1/2
Support should appear near 405 3/4 to 404 3/4 and 399 1/4 to 398 1/4
Resistance should appear
near 411 to 412 and the 416 1/4
to 418 1/4 region.
Trade Accordingly and Stay tuned for updates
The Satisfying Softs
July the ‘Monster’ Coffee
Support is near 7170 to 7145 and
the 7005 to 6990 region.. Under
that buyers should appear near 6755 to 6740 and 6670 to 6655.
BW Traders can buy at 6765 and hold for higher prices.. risk a close under 6655
for three days in a row.
Resistance should appear near 7240 to 7255 , a close over augurs for a
test trade to 7325 to 7340 and eventually the 7415 to 7430 region.
BW Traders should go long if a close over 7265 occurs.
July Cocoa
Support is at 1334 and the 1310 to 1304 region.. Below that buyers should
appear near 1274 to 1268 where it should hold .
BW Traders can buy at 1277 and risk a
close under 1227 for three days in a row.
Resistance is at 1377 to 1383 and 1414 to 1428
July
Sugar
Support should appear near 686 to 682 , a slip under augurs for a test of 661 to 656. BW
Traders can buy at 663 for a turn higher and risk a close under
627 for three days in a row..
Resistance should appear near the 704 to 712
region. Beyond that resistance should surface near
735 to 739
July Cotton
Support
should appear near 6190 to
6165 and the 6115 to 6105 region .BW.Traders can buy at 6115
and hold for higher prices. Risk a close under 5935 for three days in a row.
Resistance should appear near 6335 to 6350 . A close over is friendly and
augurs for a test 6485 to 6510
BW Traders should go long if a close over 6355 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
Tuesday April 20th, 2004
3:10 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 June EC 11889
Short 2 June Swiss Franc 7730 avg
Short June Canadian Dollar 7373
Short June Aussie Dollar 7306
Long June SP500 1115.70
Short June Unleaded 11600
Short June Heating Oil 9310
Short June Cattle 7557
Long July Wheat 402 1/2