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Morning Comments Friday May 28th 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
Thursday May 27th 2004
9:00 PM. West Palm Beach
Time
The Frenzied Forex
Front
June Yen
Resistance should appear near
9044 to 9060
Support should
appear near 8964 to 8934
June
Euro Currency (EC)
Recommended open position Short 7 at 12175
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 9 at 7928 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 18220 to 18080
Resistance
should appear near 18400 and 18580 to 18650
June Canadian Dollar
Recommended
open position Short 2 7265 avg
Support should appear near 7342 to
7328.
Resistance is at 7414 to 7428
June Aussie
Dollar
Support should appear near. 7140 and 7088 to 7074
Resistance
should appear at 7242 to 7255
The Sensational Stock
and Bond Markets
Dow Jones Industrial Average
Resistance
should appear near 10320 to 10360
Support should
appear near 10185 and 10136 to 10104 .
June SP500
Recommended open
position Long 4 at 1120.20 avg.
Resistance
should appear near 1130 to 1136 and 1143.00
Support should appear near 1115.50 and 1101 to 1096.00
Nasdaq Composite
Support should appear
near 1967.5 and 1953 to 1946 .
Resistance should appear near 1996 and
2034 to 2042
June Mini Nasdaq
100
Resistance is at 1484 to
1496
Support is at 1459 to 1453 and 1437
June 10 Year T-Note
Resistance should appear
near 110-22 and 111-07
Support
is at 110-07 and
109-22
Precious Metals
August Gold
Recommended Open
Position Short 2 at 392.8 avg
Resistance should appear at 398.2 to 399.2 and 404.6 to 405.6
Support is
at 392.9 to 390.9
July
Copper
Recommended Open position Short 11445
Support should appear near 125.00 and
12380 to 12320
Resistance should appear near 12680 to
12740
July Silver
Support should appear 611.5 to 610 and 603.5 to 602.5
Resistance is at 625.5 to 627
The Exciting Energies
July Crude
Oil
Resistance
should appear near 3982 to 3992 and 4046 to 4056
Support
is at 3929 to 3909 and 3867 to 3858
July Unleaded Gas
Resistance should appear near 13040 to
13100
Support should appear near 12380 to
12320
July Heating Oil
Resistance should appear near 9920 to
9935 and 10005 to 10035
Support
should appear near 9735 to 9705 and 9640 to 9625
The
Lively Livestock
August Cattle
Support should
appear at 8777 to 8762 and 8682 to 8667
Resistance is at 8857 to 8872 and 8932 to
8967
July Hogs
Support is at
7412 and 7342 to 7328
Resistance is at 7487 to 7512 and
7587 to 7612
August
Hogs
Support is at
7257 to 7242 and 7172 to 7142
Resistance is at 7327 to 7342 and
7412 to 7427
July Pork Bellies
Resistance
should appear near 11432 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 822 1/4 to
819 1/2 then 813 1/2 to 811 and 804 1/2 to 802 3/4.
Resistance is at
830 to 831 1/2 and 839 1/4 to 840 3/4
November
Beans
Support is at 667 1/4 to 665 3/4 and 650 3/4 to 648 1/4
Resistance is
at 683 3/4 and 690 3/4 to 691 3/4
July Soymeal
Support should appear
near 251.9 to 251 .1 and 246.9 to 246.1
Resistance should appear
near 261.2 to262 and 266.3 to 267.2
July Soybean Oil
Resistance should
appear near 2820 to 2829 and 2874 to 2883
Support should appear
near 2724 to 2716 and 2672 to 2663
July CBOT Wheat
Support should
appear near 368 1/4 to 366 1/4 and 362 1/4
to 361 1/4
Resistance should appear near 373 1/4 to 374 1/4
and 379 1/2 to 380 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 1421 to 1415
Resistance is at 1453 to 1459
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 6105 then 6035 to 6025 and 5960 to
5945
Resistance should appear near
6165 to 6190 and 6255 to 6270
-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
Thursday May
27th 2004
9:45 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 7 June EC 12175 avg
Short 9 June Swiss Franc 7928
avg
Short June British Pounds 17512
Short 2 June Canadian
Dollars 7265 avg
Long 4 June SP500 1120.20 avg
Short 2 August Gold 392.8
Short July Copper 11445
Long July Coffee
7295
Short July Sugar 655
Short July Cocoa 1374