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FuturesCom Investment Publications
Morning Comments Tuesday March 29th 2005
 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 

Monday  March 28th,  2005
3:00  PM  Eastern time   

Open BW Positions   

                                       The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance is near 10580 to 10680
Support should appear near 10470 and 10360 to 10320 

June SP500
Recommended open position long at 1169.10
Resistance should appear near  1180.50 and 1192 to 1203.
Support should appear near 1169 to 1164.00. 
Aggressive BW Traders should go long if a close over 1180.60 occurs

Nasdaq Composite
Support should appear near 1982 and  1953 to 1946.   
Resistance should appear near 1996 and 2034 to 2042.

June Mini Nasdaq 100  
Resistance should appear near 1484 to 1496 , a close over is friendly and augurs for a test of 1529 to 1535 
Support is at 1459 to 1453 , a slip under augurs for a test of 1421 to 1415 .BW Traders can buy at 1422 for a bounce and risk a close under 1412 for three days in a row. .   BW Traders should go long if a close over  1498 occurs  

June Mini Russell 2000
Support is at  611.3 to 610.1 and  603.5 to 602.3 which should contain a decline… Below that buyers should appear near 595.7 to 594.5 .. BW Traders can buy at 603.6 and risk a close under 593.4 for three days in a row..
Resistance is at  619. A close over is friendly and augurs for a test of 633.70 to 635.00 and 641.70 to 643.00
BW Traders should go long if a close over 619.7 occurs.

June 10 Year T-Note  
Resistance should appear near 108-07 and 108-22.
Support  should appear near 108-07 and 107-22

                                           The Frenzied Forex Front

June Yen
Resistance should appear near 9429 to 9445 and 9526 to 9542 
Support should appear near the 9347 to 9316 region. BW Traders can buy at 9349 and hold for higher prices… 
Below that support should appear near 9237 and the 9156 to 9140 region. ..  

BW Traders should go long if a close over 9547 occurs.

June Euro Currency (EC)
Recommended open position short at 12900
Support should appear at 12890 and 12750 to 12680
Resistance should appear near 13040 to 13100.  BW Traders can sell at 13037 and risk a close over 13142 for three days in a row,

June Swiss Franc
Resistance should appear near 8391 to 8406 , BW Traders can sell at 8390 for a turn lower , risk a close over 8449 for three days in a row.. Support should appear near 8314 to 8300 , a close under augurs for a test of  8223 to 8194
BW Traders should go short if a close under 8299 occurs 

June British Pound
Support should appear near 18580 and the 18220 to 18080 region.    
Resistance should appear near 18650 and 18836, beyond that  19020 to 19090 should cap a rally. .

June Canadian Dollar
Recommended open position short at 8190
Support should appear near 8134 to 8119 and  the 8044 to 8029 region
Resistance is at 8194 to 8223 and 8300 to 8314, BW traders should sell at 8300 and risk
a close over 8409 for three days in a row

June Aussie Dollar
Resistance should appear near 7675 to 7689 and the 7763 to 7777 region. Beyond that 7836 to 7834
bring out sellers and should cap a rally.
Support should appear at 7601 to 7587, below that a test of 7513 to 7486 and the 7342 to 7329 region is likely.  
BW Traders should go short if a close under 7587 occurs.

                                                               Precious Metals
June Gold  
Resistance should appear at  430.40 to 431.5 and 437 to 438.1. 
BW Traders can sell at 430.3 and risk a close over 440.4 for three days in a row
Support is at 424.9 to 423.8 , a close under augurs for a test of 418.3 to 416.3 ..
BW Traders should go short if a close under 423.8 occurs.

May Copper
Recommended open position short at 14435
Support should appear near 142.1 to 141.5 and the 138.30 to 137.70.. a slip under augurs for  a test of 13460 to 13340.
Resistance should appear near  14590 and  the 14840 to 14960 region.. Beyond that sellers should appear near 15290 to 15350 ..
BW Traders can sell at 152.70 and risk a close over 1.5830 for three days in a row
BW Traders should go short if a close under 145.30 occurs.

May Silver  
Support should appear near  683.5 to 680.5 and the 667.5 to 665.5 region.. 
Resistance is at 699 to 700.5 and the 714.5 to 717.0 region . 
BW  Traders should go short if a close under 665.5 occurs.

                                               The Exciting Energies

May Crude Oil
Resistance should appear near 5490 to 5504 and 5553 to 5577
Support should appear near 5356 to 5344 and 5282 to 5259. 

May Unleaded Gas 
Recommended open position Short at 15970
Resistance should appear 16090 to 16150 then 16420 to 16550 and the 168790 to 16960 region. 
BW Traders can sell at 16880 and risk a close over 17380  for three days in row.
Support should appear near the 15760 to 15690 region.. A close under augurs for a test 
of 15350 to 15290 .

Trade accordingly

May Heating Oil
Resistance should appear near 15350 then 15690 to 15760 and the 16090 to 16150 region Beyond that sellers should appear near 16420 to 16550, which should cap a rally .
Support should appear near 14960 to 14840 and 14210 to 14150.. A close under is negative and augurs for a test of 13830 to 13770 and most like the  13460 to 13340 region.
Traders should go short if a close under 14840 occurs.  

 Trade Accordingly …

The Lively Livestock  

June Cattle
Support should appear near 8502 to 8482 and 8407 to 8392.. A close under is negative and augurs for a test of 8317 to 8302
Resistance is at 8592 and the 8667 to 8682 region.  Beyond that sellers should appear near 8762 to 8777 and the 8932 to 8967 region. BW Traders can sell at 8762 for a turn lower and risk a close over 8977 for three days in row       

BW Traders should go short if a close under 8387 occurs 

June Hogs
Support is at 7777 to 7762, a close under augurs for a test of  7692 to 7672
Resistance should appear near 7837 to 7867 and the 7937 to 7957 region.  
BW Traders can sell at 7932 and risk a close over 8067 for three days in a row.  
BW Traders should go short if a close under 7757 occurs.

May Pork Bellies
Recommended open position short at 9137
Resistance should appear near 9527 to 9542 then 9622 to 9642 and the 9707 to 9737 region.
Support is at 9447 to 9427 and 9347 to 9317 

--Stay tuned for Updates and Flashes --

                                              The Grande’ Grains

May Soybeans
Recommended open position long at 619 1/2
Support is 625 3/4 and the  619 to 616 ½ region. Below that buyers should appear near 611 1/4 to 610 1/4
Resistance should appear near 633 3/4 to 635, a close over is friendly and augurs for a test of 641 3/4 to 643   

May Soymeal
Support should appear near 185.8 and the 182.2 to 180.8 region .. 
Resistance should appear near  190.2 to 190.9 and 203.4 to 204.2  

May Soybean Oil
Resistance should appear near the 2315 to 2322 and the 2354 to 2370  region .. 
Support should appear near 2275 to 2267 and the 2226 to 2219 region . BW Traders can buy at 2276 for a turn higher and risk a close under 2170 for three days in a row. 
BW Traders should go long if a close over 2323 occurs.

May Corn
Support should appear near  208 3/4 to 208 and the 204 1/4 to 203 1/2 region.
Resistance is at 212 3/4 to 213 1/2  and the 217 to 218 1/2 region 

May CBOT Wheat
Resistance should appear near the 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4 . Beyond that sellers should appear near and 
349 1/4 to 350 1/4 and the 355 ¼ to 356 1/4 , which should cap a rally. BW Traders can sell at 354 3/4 and risk 
a close over 362 3/4 for three days in a row,

Support should appear near  332 3/4  to 331 3/4 region . A  close under augurs for a test of  327 to 326 1/4  and 
eventually the 315 3/4 to 314 ¾ region. 

BW Traders should go short if a close under 331 ¾ occurs.

Trade Accordingly –

 The Satisfying Softs  

May  'The Monster' Coffee
Recommended open position Long at 12600  
Nearby Support  should appear  near 12030 to 11920  and the 11690 to 11640  region 
Resistance should appear near the  12320 to 12380 and  12680 to 12740

July  'The Monster' Coffee’
Recommended open position Long 2 at 12360  
Nearby Support  should appear  near 12380 to 12320 and the 12030 to 11920  region .
Resistance should appear near 12680 to 12740 and the 13040 to 13100 region

May Cocoa 
Support is at 1569 and the 1535 to 1529 region. Below that buyers should appear near 1459 to 1453
Resistance is at 1609 to 1615 and 1642 to 1655  

July Sugar
Support should appear near 882 to 877  
Resistance should appear near 907 to 912

July Cotton
Recommended open position Long at 5305
Support should appear near the 5505 to 5495 and 5430 to 5415 .
Resistance should appear near  the 5555 to 5575 and 5640 to 5655

Trade Accordingly.. .

- 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  
Monday  March 28th, 2005
4:20 PM South Florida Beach Time

BW Recommended Open Positions
Long June SP500 1169.10
Short June EC 12900
Short June Canadian Dollars 8190
Short May Copper 144.35
Short May Unleaded Gas 15970
Short June Hogs 7800 / Long August Hogs 7322
Short May Pork Bellies 9137
Long May Soybeans 619 1/2 
Long  May Coffee 12600
Long 2 July Coffee 12360 
Long July Cotton 5305