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 Thursday May 27th 2004

Wed  May 26th 2004
1:00 PM. West Palm Beach Time  

Open BW Positions

                                    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 to 12380

June Swiss Franc
Recommended open position Short 4 at 7798 avg
Resistance should appear near 7939 to 7954 and 8029 to 8044
Support should appear near 7864 to 7836 and 7777 to 7763

June British Pound
Recommended open position Short 17512
Support  should appear near 18080 and 17960   
Resistance should appear near 1.8220 and 18400 

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 and 10185 
Support should appear near  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 12030 to 11960  
Resistance should appear near 12320 to 12380 and 125.00

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 to 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 8587 then 8667 to 8682 and 8762 to 8777

July Hogs
Support is at  7257 to 7242  and 7172 to 7142
Resistance is at 7327 to 7342 and 7412 to 7417  

August Hogs
Support is at  7142 and 7087 to 7072 
Resistance is at 7242 to 7257 and 7327 to 7342  

July Pork Bellies
Resistance should appear near 11500 and 11637
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  277.5 to 275.8 and 272.4 to 271.6 
Resistance should appear near 282 to 282.9 and 287.4 to 288.3  

July Soybean Oil
Resistance should appear near 2928 to 2937 and 2972 to 2990
Support should appear near 2874 and 2829 to 2820
                      

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 385 3/4 to 386 3/4 and 390 3/4 to 392 3/4 

                                 The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open position long at 7295
Support is near 7865 to 7835 and 7775 to 7765    
Resistance should appear near 8025 to 8045 and 8300 to 8315 

July Cocoa 
Recommended open position Short at 1374
Support is at 1383 to 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 686 to 682 and 661 to 656 
Resistance should appear near  704 to 712 and 735 to 739

July  Cotton
Support should appear near 6115 to 6105 and 6035 to 6025
Resistance should appear near 6255 to 6270 and 6335 to 6350 

-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

Wed May 26th  2004
2:00 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. 
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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