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Morning Comments Friday April 8th 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
Thursday April 7th, 2005
8:30 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..
Recommended open position long
at 1185.50
Resistance should appear near 1203.00 and 1217.50
Support
should appear near 1192 and 1180.50
Nasdaq Composite
Support should appear near 1996 to 1982
Resistance should appear near the 2034 to 2042 region
June
Mini Nasdaq 100
Recommended open position Long at 1499.50
Resistance should appear near 1529 to 1535
Support is at 1496 to 1484
June
Mini Russell 2000
Recommended open position long at 621.5
Support is at 619 to 616.5 and 611.3 to 610.1 .
Resistance is at 625.7 to 627 and 633.70 to 635.00
June 10 Year T-Note
Resistance should
appear near 109-22 and 110-07
Support should appear near 109-07
and 108-22
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
Resistance should appear near 12890 and 12965
June Swiss Franc
Resistance should appear near 8300 to 8314 and the 8391 to 8406 region
Support should appear near 8223 to 8194 and
the 8134 to 8119 region..,.
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. .
June Canadian Dollar
Support should appear near 8134 to 8119
Resistance is at 8194 to 8223
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 14960
to 14840
Resistance 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 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 5418 to 5430 and 5492 to 5504
Support should appear near
5356 to 5344 and 5282 to 5259
May Unleaded Gas
Support should appear near
15350 to 15290 and 14960 to 14840
Resistance should appear near 15690
to 15760 and 16090 to 16150
May Heating Oil
Resistance should appear near
15350 then 15690 to 15760 and the 16090 to 16150 region
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
BW Traders should go short if a close under 14840 occurs.
The Lively Livestock
June
Cattle
Recommended Open Position short 8350
Support should appear near 8317 to 8302 and 8227 to 8192
Resistance is at 8392 to 8407 and 8482 to 8502
June Hogs
Recommended Open Position : Spread Short June Hogs 7800 / Long August
Hogs 7322
Recommended open position : Short 2 at 7810 avg
Support is at should appear near 7602 to 7587 and the 7512 to 7487
region
Resistance should appear near 7692 and the 7762 to 7777 region.
May Pork Bellies
Recommended open position short at 9137
Resistance should appear near 9317 to 9347
and 9427 to 9447
Support is at 9237 and 9157
to 9142
-Stay tuned for Updates and Flashes -
The Grande’ Grains
May Soybeans
Support is at 619 to 616 1/2 and 611 1/4 to
610 1/4..
Resistance should appear near 625 3/4 to 627 and 633 3/4 to
635
May Soymeal
Support should appear near 186.8 to 185.8 and 182.2 to 180.8
Resistance should appear near 190.2 to 190.9 and
194.6 to 195.3
May Soybean Oil
Resistance should appear near the 2315 to 2322 and 2354 to 2370
Support
should appear near 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 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 12185 and the12030 to 11920 region
Resistance should appear near 12320 to 12380
July 'The Monster' Coffee’
Recommended open position Long 2 at 12360
Nearby Support should
appear near 12380 to 12320.
Resistance should appear near 12680 to 12740
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 882 to 877
Resistance should appear near 907 to 912
July
Cotton
Support
should appear near 5355 to
5345 and the 5285 to
5255 region
Resistance should appear near 5415 to 5430 and the 5490
to 5505 region
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
9:30 PM South Florida Beach Time
BW
Recommended Open Positions
Long June SP500 1185.50
Long June Mini Nasdaq 1499.50
Long June Mini Russell 621.50
Short May Copper 144.35
Short June Cattle 8350
Short 2 June Hogs 7810 avg
Short June Hogs 7800 / Long August Hogs 7322
Short May Pork Bellies 9137
Long May Coffee 12600
Long 2 July Coffee 12360