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 Wed May12th 2004
Serving Professional and Individual Traders World Wide since 1988
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Tuesday May 11th   2004
4:00 PM. West Palm Beach Time  

Open BW Positions

The Frenzied Forex Front 

June Yen
Recommended open position Long at 8877
Support should appear near  8777 to 8762, Below that buyers should appear near the 8683 to 8668 region...
Resistance should appear near 8856 to 8871 and 8934 to 8964 

June Euro Currency (EC)
Recommended Open Position Short 11883
Support should appear at 11805 ,. An extended trade under augurs for a test of the 11690 to 11640 region..
Resistance is at 11920 to 11960 and 12030..

June Swiss Franc
Recommended open position Short 2 at 7748 avg 
Resistance should appear near  7763 to 7777 and 7836 to 7864 
Support should appear near 7689 to 7675 and the 7601 to 75867 region.  

June British Pound
Recommended open position Short 17512
Support  should appear near 17380 to 17310 
Resistance should appear near the 17560 and 17740 to 17800

June Canadian Dollar
Support should appear near  7170 to 7143 
Resistance is at 7242 to 7255 .

June Aussie Dollar
Support should appear near 6919 to 6906 and 6836 to 6809.
 BW traders can buy at 6842 and risk a close under 6804 for three days in a row. 
Resistance should appear at 6990 to 7003 and 7074 to 7088

                                              The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near  9937 to 9921 and the 9837 to 9821 region. 

June SP500
Recommended open position Long 3 at 1126.30 avg.
Resistance should appear near 1096.00 to 1101.00 and 1115.50 
Support should appear near 1082.00 and 1068.00 to 1058.00 
Nasdaq Composite
Support should appear near 1909 to 1902 and 1865 to 1858  
Resistance should appear near 1946 to 1953 and 1982 to 1996

June Mini Nasdaq 100
Resistance is at 1437 and the 1453 to 1459 region 
Support is at 1415 then 1399  and the 1383 to 1377 region 

June 10 Year T-Note
Resistance should appear near 109-07.and 109-22
 Support is at 108-22 and 108-07.under that 107-22 should  hold

Precious Metals

June Gold 
Recommended Open Position Short at 378.8
Resistance should appear at 385.8 to 386.7 and 390.9 to 392.9
Support is at 374.3 to 373.4 and 368.2 to 366.3  

July Copper
 Recommended Open Position Short 119.00
Support should appear near 11805 and 11690 to 11640    
Resistance should appear near 11920 to 12030 and 12175

July Silver
Support should appear near 535.5 to 534.5 and the 514 to 512.5 region 
Resistance is at 571.5 to 573 and 585.5 to 588.. beyond that 594.5 to 595.5 should cap a rally.. 

                                                                                        The Exciting Energies

June Crude Oil
Resistance  should near 4046 to 4056 which should cap the rally…BW Traders can sell at 4044 and hold for lower prices
Beyond that resistance should appear near 4110 to 4120 and 4163 to 4183
Support is at 3992 to 3982 and the 3929 to 3909 region.

June Unleaded  Gas
 Resistance should appear near 13340 to 13460 and the 13770 to 13830 region 
Support should appear near 13100 to 13040 and the 12740 to 12680 region.

June Heating Oil
Resistance should appear near 10320 to 10360 and the 10580 to 10680 region.   
Support should appear near 10135 to 10105 and 9940 to 9925  

                                                    The Lively Livestock

June Cattle
Support should appear at 8317 to 8302  and 8227 to 8192
Resistance is at 8392 to 8407 then 8487 to 8502 and 8562 to 8587  

June Hogs
Support is at 7602 to 7587 and 7512 to 7487 
Resistance is at 7672 to 7692 and 7762 to 7777 

July Hogs
Support is at 7692 to 7672 and 7602 to 7587 
Resistance is at 7762 to 7777 and the 7837 to 7867 region...

July Pork Bellies
Resistance should appear near 11690 then 11805 and 11920 to 12030 
Support  is at 11500 and 11360 to 11300

                ---  Traders should stay tuned for BW Updates and Flashes in the Livestock markets  ---

 

The Grande’ Grains

July Corn
Recommended Open Position Long 2 at  319 1/4
Resistance should appear near 303 3/4 to 304 1/2 
Support is at 293 3/4 to 292 3/4 

December Corn 
Resistance should appear near  297 1/4  to 299 . 
Support is at 288 1/4 to 287 1/4 

July Soybeans
Resistance is at 1032 to 1036 and the 1058 to 1068 region. 
Support should appear at 1013 3/4 to 1010 1/2 and the 1003 3/4 to 1002 1/2 region.   

July Soymeal
 Support should appear near 327 to 326.1 and 321.3 to 319.4
Resistance should appear near 331.9 to 332.6 and the 337.7 to 338.6 region. .

July Soybean Oil
Resistance should appear near 3261 to 3270 and 3319 to 3328 .
Support should appear near 3213 to 3194 and 3102 to 3092  
                                  
July CBOT Wheat
Support should appear near 364 1/2 to 373 1/2  and 368 1/4 to 366 1/4 
Resistance  should appear near 380 3/4 and 385 3/4 to 386 3/4  

Trade Accordingly and Stay tuned for updates

                                 The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open position long at 7220 
Support is near 7170 to 7145 and 7090 to 7075
Resistance should appear near 7325 to 7345 and 7415 to 7430  

July Cocoa 
Support is at 1346 to 1334 and 1310 to 1304 
Resistance is at 1377 to 1383 and 1414 to 1428 

July Sugar 
 Support should appear near 609 to 601
Resistance should appear near 630 to 634 and 656 to 661

July  Cotton
 Support should appear near 6350 to 6335  and 6270 to 6255 
Resistance should appear near 6485 to 6510 and 6575 to 6590 

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 May 11th, 2004
5:10 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. 
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                                                                         Terms 

FuturesCom Investment Publications Copyright@1996-2004 all rights reserved
Recommended Open BW  Positions
Long June Japanese Yen 8877
Short June EC 11883
Short 2 June Swiss Franc 7748 avg
Short  June  British Pounds  17512
Long  3 June SP500 1126.30 avg 
Short  June Gold 378.8
Short July Copper 11900 
Long 2  July Corn 319 1/4 avg 
Long July Coffee 7220