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Morning Comments Wednesday April 6th 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
Tuesday April 5th, 2005
2:30 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance is
near 10470 and 10580 to 10680.
Support should appear near 10360 to 10320..However if it fails
badly a test of 10185 is likely and should contain a decline for some time...
Recommended open position long
at 1185.50
Resistance should appear near 1180.50, a close over is
friendly and augurs for a test of 1192.00 to 1203.00..
Support
should appear near 1169.00 to
1164.00.. Below that buyers should appear near 1150.00 and the
1136.00 to 1130.00 region.
Nasdaq
Composite
Support should appear near 1996 to 1982.. Below that buyers should appear near 1953
to 1946
Resistance should appear near the 2034 to 2042 region
June
Mini Nasdaq 100
Recommended open position Long at 1499.50
Resistance should appear near 1496 and 1529 to 1535
Support is at 1484 and 1459 to 1453
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 616.5 to 619. A close over is friendly and augurs
for a test of 633.70 to 635.00
BW Traders should go long if a close over 619.7 occurs.
June 10 Year T-Note
Resistance should
appear near 109-22 then 110-07 and 110-22
Support should appear near
109-07 then 108-22 and 108-07
The Frenzied Forex Front
June Yen
Resistance should appear near 9316 to 9347 and 9429 to 9445
Support should appear near 9237 and the 9156 to 9140 region. ..
June Euro Currency (EC)
Support should appear near the 12740 to 12680 region.
Resistance should appear near 12890 and 13040 to 13100
June Swiss Franc
Resistance should appear near the 8391 to 8406 region
Support should appear near the 8314 to 8300
BW Traders should go short if a close
under 8299 occurs
June British Pound
Support should appear near 18650 to 18580 and the 18220 to 18080 region. .
Resistance should appear near 18836,
beyond that 19020 to 19090 should
cap a rally. .
June Canadian Dollar
Support should appear near 8194
and 8134 to 8119
Resistance is at 8223 and 8300 to 8314
June Aussie Dollar
Resistance should appear near 7674 to 7689 and the 7763 to 7777 region
Support should appear at 7601 to 7587, below that a test of 7513 to 7486
is likely.
BW Traders should go short if a close under 7587 occurs.
Precious Metals
June Gold
Resistance should appear at 430.4 to 431.5 and 437 to 438.1.
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 14590
to 14530 and the 14210 to 14150 region
Resistance should appear near 14840
to 14960
and 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 700.5 to 699.0
and 683.5 to 680.5..
Resistance is at the 714.5 to 717.0 region. Beyond that sellers should
appear near 732.5 to 734.5
BW Traders can sell at 732 and risk a close over 744 for three days in a row.
The Exciting Energies
May
Crude Oil
Resistance should appear
near 5640 to 5653 then 5716 to 5729 and the 5792 to 5805 region
Support should appear near 5577 to 5553
then 5504 to 5492 and the 5430 to 5418 region.
May Unleaded Gas
Recommended open position short at 16880
Resistance should appear near
16890 to 16960 and 17310 to 17380
Support should appear near
16550 to 16420 and 16150 to 16090
May Heating Oil
Resistance should appear near
16420 to 16550 and 16890 to 16960
Support should appear near 15760 to 15690 and 15350 to 15290
The Lively Livestock
June
Cattle
Support should appear near 8407 to 8392. A close under is negative
and augurs for a test of 8317 to 8302
Resistance is at 8482 to 8502 and 8562 to 8592
BW Traders should go short if a close under 8387 occurs
June
Hogs
Recommended Open Position : Spread Short June Hogs 7800 / Long August Hogs 7322
Recommended open position : Short at 7950
Support is at 7777 to 7762 and 7692 to 7672
Resistance should appear near 7837 to 7867 then 7937 to 7957
BW Traders
should go short if a close under 7757 occurs
May Pork Bellies
Recommended open position short at 9137
Resistance should appear near
9427 to 9447 and the 9527 to 9542 region
Support is at 9317
then 9237 and 9157 to 9142 region
--Stay tuned for Updates and Flashes --
The Grande’ Grains
May Soybeans
Support is at 611 1/4 to 610 1/4 and the 603
1/2 to 602 1/4 region ..
Resistance should appear near 619 then 625 3/4 to 627 and 633 3/4
to 635
May Soymeal
Support should appear near 182.2 to 180.8 and 178.0 to 177.4
Resistance should appear near 185.8 to 186.5 and 190.2 to 190.9
May Soybean Oil
Resistance should appear near the 2315 to 2322 and 2354 to 2370
Support
should appear near 2276 to 2267and the 2226 to 2219 region.
May Corn
Support should appear near 204 1/4 to 203 1/2 and 199 3/4
to 198 1/4
Resistance is at 208 to 208 3/4 and 212 3/4 to 213 1/2
May
CBOT Wheat
Resistance should appear near 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4
Support should appear near 310 1/4 to 309 1/2 and the 304 1/2 to 303 3/4
region .
Trade Accordingly –
The Satisfying Softs
May
'The Monster' Coffee
Recommended open position Long at 12600
Nearby Support should
appear near 12530 and 12380 to 12320
Resistance should appear near 12680 to 12740 and 13040 to 13100
July 'The Monster' Coffee’
Recommended open position Long 2 at 12360
Nearby Support should
appear near 12740 to 12680 and the 12380 to 12320 region.
Resistance should appear near 13040 to 13100 and the 13340 to 13460
region
May Cocoa
Support is at 1535 to 1529 and the 1496 to 1484 region
Resistance is at 1569 to 1576 and 1609 to 1615
July
Sugar
Support should appear near 852 to 847
Resistance should appear near 877 to 882
July
Cotton
Support
should appear near 5355 to 5345 and
5285 to 5255
Resistance should appear near 5415 to 5430 and 5490 to 5505.
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
3:30 PM South Florida Beach Time
BW
Recommended Open Positions
Long June SP500 1185.50
Long June Mini Nasdaq 1499.50
Short May Unleaded Gas 16880
Short May Copper 144.35
Short June Hogs 7950
Short June Hogs 7800 / Long August Hogs 7322
Short May Pork Bellies 9137
Long May Coffee 12600
Long 2 July Coffee 12360