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Morning Comments Wed May 26th 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 May 25th 2004
5:30 PM. West Palm Beach
Time
The Frenzied Forex
Front
June Yen
Resistance should appear near 8964
and 9044 to 9060
Support should
appear near 8871 to 8856.
June
Euro Currency (EC)
Recommended open position Short 4 at 11956
avg
Support should appear
at 12030 to 11975 and 11920.
Resistance
is at 12175 and 12320 ro 12380
June Swiss Franc
Recommended
open position Short 4 at 7798 avg
Resistance
should appear near 7864 and 7939 to
7954
Support should appear near
the 7777 to 7763 region
June British Pound
Recommended
open position Short 17512
Support
should appear near 17800 to 1.7740
region
Resistance
should appear near the1.8080 to 1.8220 region.
June Canadian Dollar
Recommended
open position Short 2 7265 avg
Support should appear near 7255 to
7242.
Resistance is at 7328 to
7342
June Aussie
Dollar
Support should appear near.7003 to 6990 and 6919 to 6909
Resistance
should appear at 7074 to 7088 and 7143 to 7170
The Sensational Stock
and Bond Markets
Dow Jones Industrial Average
Resistance
should appear near 10136 then 10185 and 10320 to 10360
Support should
appear near 10104 and 10037 to 10021 .
June SP500
Recommended open
position Long 4 at 1120.20 avg.
Resistance
should appear near 1115.50 and 1130 to 1136
Support should appear near 1010.40 and 1101 to 1096.00
Nasdaq Composite
Support should appear
near 1953 to 1946 and 1927.5 .
Resistance should appear near 1982 to
1996
June Mini Nasdaq
100
Resistance is at 1453 to 1459 and 1484 to
1496
Support is at 1437 and 1421 to 1415
June 10 Year T-Note
Resistance should appear
near 109-22 and 110-07
Support
is at 108-22
then 108-08 and 107-22
Precious Metals
August Gold
Recommended Open
Position Short at 389.5
Resistance should appear at 390.9 to
392.9 and 398.2 to 399.2
Support is
at 386.7 to 385.8 and 380.6 to 379.5
June Gold
Recommended Open
Position Short at 378.8
July
Copper
Recommended Open position Short 11445
Support should appear near 12320 and 12030 to
11960
Resistance should appear near 125.00
and 12680 to 12740
July Silver
Support should appear
603.5 to 602.5 and 588 to 585.5
Resistance is at 610 to 611.5 and 616.5 to
619.0
The Exciting Energies
July Crude
Oil
Resistance
should appear near 4110 to 4120 then 4163 to 4183 and 4238 to 4249
Support
is at 4056 to 4046 and 3992 ro 3982
July Unleaded Gas
Resistance should appear near 13460 and
13770 to
13830
Support should appear near 13100 to
13040
July Heating Oil
Resistance should appear near 10320 to
10360 and 10580 to
10680
Support
should appear near 10135 to 10105 then 10035 to
10005 and 9935 to 9920
The
Lively Livestock
August Cattle
Support should
appear at 8502 to 8482 and 8407 to 8392
Resistance is at 8557 to 8587 and
8667 to 8682
July Hogs
Support is at
7342 to 7327 and 7257 to 7242
Resistance is at 7412
to 7417 and 7487 to 7512
August
Hogs
Support is at 7242 and
7172 to 7142
Resistance is at 7327 to 7342 and 7412 to 7427
July Pork Bellies
Resistance
should appear near 11360 and 11500
Support is 11302 and 11157
--- Traders should stay tuned for BW Updates
and Flashes in the Livestock markets
---
The Grande’ Grains
July
Corn
Support should appear near 299 to
297 1/2 and 293 3/4
to 292 3/4
Resistance is at 303 3/4
to 304 1/2 and 309 1/;4 to 310 1/4
July Soybeans
Support 8681/4 to
866 3/4 and 858 3/4 to 856 3/4
Resistance is at 885 3/4 to
887 1/4 and 893 1/2 to 896 1/2
November
Beans
Support is at 708 3/4 to 707 1/2 and 691 3/4 to 690 4
Resistance is
at 714 to
717 and 724 1/4 to 725 1/2
July Soymeal
Support should appear
near 282.9 to 282 and 277.5 to 275.8
Resistance should appear
near 287.4 to 288.3 and 292.8 to 293.7
July Soybean Oil
Resistance should
appear near 2874 to 2883 and 2928 to 2937
Support should appear
near 2829 to 2820 and 2775 to 2758
July CBOT Wheat
Support should
appear near 374 1/4 to 373 1/4 and 368 1/4 to 366 1/4
Resistance should appear near 379 1/2 to 380 3/4 and
385 3/4 to 386 3/4
The Satisfying Softs
July the ‘Monster’
Coffee
Recommended Open position long at 7295
Support is
near 7775 to 7765 and 7690 to 7675 and 7605 to 7585
Resistance should appear
near 7835 to 7865 then 7935 to 7955 and 8025 to 8045
July
Cocoa
Recommended open position Short at
1374
Support is at 1383 tro 1377 and 1346 to 1334
Resistance is at 1415 to 1421
and 1437
July Sugar
Recommended
Open Position Short at 655
Support should appear near 661 to 656
and 634 to 630
Resistance should appear near 682 to 686
and 704 to 712
July Cotton
Support should appear near 6350 to 6335 and 6270 to 6255
Resistance should appear near
6415 to 6430 and 6485 to 6510
-A Ship in
Harbor is Safe...But that is not what ships are built for -
Happy Trading!
Bill wil@futurescom.com
1-866-409-3890
Tuesday May 25th 2004
6:45 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 4 June EC 11956 avg
Short 4 June Swiss Franc 7798
avg
Short June British Pounds 17512
Short 2 June Canadian
Dollars 7265 avg
Long 4 June SP500 1120.20 avg
Short June
Gold 378.8
Short August Gold 389.5
Short July Copper 11445
Long July Coffee
7295
Short July Sugar 655
Short July Cocoa 1374