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Morning Comments Thursday April 29th 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
Wed April 28th 2004
1:45 PM. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9140 to 9156 and the 9316 to 9347
region.
Support should appear near 9060 to 9044 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)
Support
should appear at 11805
and the 11690 to 11640 region.
Resistance is at 11920 to 1975
and 12030 .Beyond that sellers should appear near 12175
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 7657
Resistance should appear near 7675 to 7689 and 7765 to 7689
Support should appear near
7601 to 7587 .
June British Pound
Recommended Open Position Short 17651
Support
should appear near 17560 and 17360 to 17310
Resistance should appear near
17740 to 17800 and 17940
June Canadian Dollar
Recommended Open Position Short 7373
Support should appear near 7255 to 7242
Resistance is at 7328 to 7342
and the 7414 to 7428 region.
BW Traders can sell at 7482 and risk a close over
7604 for three days in a row.
June Aussie Dollar
Support
should appear near 7170 to 7143 and 7085 to 7075
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 the10580 to 10630 region
Support should appear near 10360 to 10320
June SP500
Recommended Open Position Long 2 at 1126.30 avg
Resistance should appear near 1130 to 1136
Support should appear 1115.50 and the 1101.00 to 1096.00 region
Nasdaq Composite
Support should appear near 1996 to 1982
Resistance should appear near2034 top 2042 and 2080 to 2089
June Mini Nasdaq 100
Resistance is at 1484 to 11496
Support is at 1459 to 1453
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
Recommended Open Position Short 391.7
Resistance should appear at 390.9 to 392.9.
Support is at 380.6 to 379.5
July Copper
Support
should appear near 11690 to 11640 and the 11360 to 11300 region
Resistance should appear near 11920 to 12030 and 12320 to 12380
July Silver
Support should appear 565.5 to 564 and 543.to 541.5
Resistance is at 594.5 to 596.5 and 625 to 627. .
The Exciting Energies
June
Crude Oil
Resistance should
appear near 3795 to 3806 and 3858 to 3867
Support is at 3743 to 3734 and
3682 to 3663
June Unleaded
Gas
Resistance should appear
near 12320 to 12380. .Beyond that sellers should
appear near 12680 to 12740.
BW Traders can sell at 12670 and risk a close over
12920 for three days in a row.
Support should appear near 12030 to 11920 and 11690 to 11640
June Heating Oil
Resistance should appear near 9525 to 9545 and the 9705 to 9735 region.
BW Traders can sell at 9705 and risk a
close over 9945 for three days in a row.
Support should appear near 9345 to 9315 and 9155 to 9140
The Lively Livestock
June Cattle
Support
should appear at 7957 to 7937 and 7867 to 7837.
Resistance is at 8117 to 8137 and 8192 to 8222 .
June Hogs
Support is at 7257 to 7242 and 7172 to 7142
Resistance is at 7327 to 7342 and 7412 to 7427
July Hogs
Recommended open position long at 7140
Support is at 7342 to 7327 and 7257 to 7242
Resistance is at 7412 to 7427 and
the 7487 to 7512 region. .
May Pork
Bellies
Support should appear near 10960 then10820 and 10680
Resistance is at 11010 and 11300 to
11360
---
Traders should stay tuned for BW Updates and Flashes in the Livestock
markets ---
The Grande’ Grains
July Soybeans
Resistance
is at 982 1/4 to 983 3/4 and 992 1/4 to 993 3/4
Support should appear at 964 1/2 to 962 1/2 and 944 1/2 to 942 3/4
July Soymeal
Support should appear near 304.5 to 303.6 and 299 to 297.2
Resistance should appear near 309.2 to 310.2 and 314.8 to 315.7
BW traders should go long if close over 310.7 occurs.
July Soybean Oil
Recommended Open Position Short 3135
Resistance should appear near 3319 to 3328 and 3377 to 3386
Support should appear near 3270 to 3261 and 3213 to 3194
July Corn
Resistance should appear near 314 3/4 to 315 3/4 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
Recommended Open Position Long 299 3/4
Resistance should appear near 314 3/4 to 315 3/4 and 326 1/4 to 327
Support is at 309 1/4 and 304 1/2 to 303 3/4
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 380 3/4 to 379 1/2 and 374 1/4 to 373
1/2
Resistance should appear
near 390 3/4 to 392 3/4 and 398 1/4 to 399 1/4
Trade Accordingly and Stay tuned for updates
The Satisfying Softs
July the ‘Monster’ Coffee
Support is near 7090 to 7075 .. below that buyers should appear
near 7005 to 6990 and 6755 to 6740
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 and the 7325 to 7345
region.
BW Traders should go long if a close over 7265 occurs.
July Cocoa
Support is at 1383 to 1377 and 1346 to 1334.
Resistance is at 1415 to 1421 and 1453 to 1459
July
Sugar
Support should appear near 661 to 656. Bw traders can buy at 663 and risk a
close under 627 for three days in a row.
Resistance should appear near 682 to 686 and 704 to 712
July Cotton
Recommended open Position Long at 6380
Support
should appear near 5880 to
5855 and 5730 to 5715
Resistance should appear near 6025 to 6035 and 6105 to 6115
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 April 28th, 2004
2:40 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 Swiss Franc 7657
Short June British Pounds 17651
Short June Canadian Dollars 7373
Long 2 June SP500 1126.30 avg
Short June Gold 391.7
Long July Hogs 7140
Short July Soybean Oil 3135
Long December Corn 299 3/4
Long July Wheat 402 1/2
Long July Cotton 6380