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FuturesCom Investment Publications
Morning Comments Wed April  13th 2005
 Serving Professional and Individual Traders World Wide since 1988
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Tuesday April 12th,  2005
2:45  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 1180.6
Resistance should appear near 1192.00 to 1203.00 and 1217.50
Support should appear near 1180.50 Below that support should appear at 1169.00 to 1164.00.

Nasdaq Composite
Support should appear near 1996.00 to 1982.00.   
Resistance should appear near 2034.00 to 2042.00.

June Mini Nasdaq 100  
Recommended Open Position Long at 1499.50
Resistance should appear near 1496 and 1529.00 to 1535.00.
Support is at 1484.00  and 1459.00 to 1453.00 , a slip under augurs for a test of 1421.00 to 1415.00 ..
BW Traders can buy at 1422.00 for a bounce and risk a close under 1412.00 for three days in a row. .

BW Traders should go long if a close over 1513.00  occurs  

June Mini Russell 2000
Recommended Open Position Long at 621.50
Support is at  611.3 to 610.1 and 603.50 to 602.30.. Below that buyers should appear near 595.70 to 594.50 ..
 BW Traders can buy at 595.80 and risk a close under 584.40 for three days in a row..
Resistance is at 616.50 to 619.00 and the 625.70 to 627.00 region 

June 10 Year T-Note  
Resistance should appear near 110-07, beyond that 110-22  should cap a rally..
Support  at  109-22 and 109-07 .   


                              The Frenzied Forex Front

June Yen
Recommended open position short at 9315
Resistance should appear near 9347 and 9526 to 9542
Support should appear near 9237 and 9156 to 9140   
BW Traders should go short if a close under 9237 occurs

June Euro Currency (EC)
Support should appear at 12890.and the 12740 to 12680 region. 
Resistance should appear near 12965 and 13040 to 13100 .
BW Traders should go short if a close under 12889 occurs

June Swiss Franc
Recommended open position short at 8391
Resistance should appear near the 8391 to 8406 and the 8484 to 8499 region.
Support should appear near 8314 to 8300 and the 8223 to 8194 region  
Aggressive  BW Traders should go short if a close under 8299. ..

June British Pound
Support should appear near 18650 to 18580 ..
Resistance should appear near 19020 to 19090

June Canadian Dollar
Support should appear near  the 8044 to 8029 region.
Resistance is at 8119 to 8134 and 8194 to 8223  BW Traders should sell at 8194 and risk a close over 8231 for three days in a row  

June Aussie Dollar
Resistance should appear near  the 7763 to 7777 region. Beyond that, 7836 to 7864 should bring out sellers and should cap a rally.  
BW Traders can sell at 7762 and risk a close over 7871 for three days in a row .
Support should appear at 7689 to 7675 and 7601 to 7587.    BW Traders should go short if a close under 7587 occurs.

Precious Metals

June Gold  
Recommended open position Short at 430.3
Resistance should appear at  430.4 to 431.5 and 437 to 438.1. 
Support is at 424.9 to 423.8
BW Traders should go short if a close under 423.8 occurs.

July Copper
Recommended open position short at 15000
Support should appear near 14840 and 14590 to 14530     
Resistance should appear near 15290 to 15350 and 15690 to 15760.

July Silver 
Support should appear near 717 to 714.5 and 683.5 to 680.5
Resistance is at 732.5 to 734.5 and the 741.5 to 742.5 region
                                                  
                                          The Exciting Energies

May Crude Oil
Resistance should appear near 5259 to 5282 and 5344 to 5356 
Support should appear near 5137 to 5129 and the 5067 to 5056 region 

May Unleaded Gas 
Resistance should appear near 15690 to 15760 and 16090 to 16150. . 
Support should appear near 15290. Below that buyers should appear near the 14590 to 1456 region.  

May Heating Oil
 Recommended open position short at 14650
Resistance should appear near  14840 to 14960 and 15290 to 15350 
Support should appear near  14590 to 14530 and 14210 to 14150 

The Lively Livestock  

 June Cattle
Recommended open Position Short 8350
Support should appear near 8407 to 8392 and 8317 to 8302 
Resistance is at 8482 to 8497 and  8560 to 8592     
BW Traders should go short if a close under 8297 occurs 

June Hogs
Recommended open position Short 7670
Spread : Short 2  June Hogs 7800 /  2  Long August Hogs  365 avg spread 
Support is at 7762 and 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.

July Pork Bellies
Recommended open position short at 9485
Resistance should appear near 9317 to 9347 and  9427 to 9447. 
Support  should appear near 9157 to 9142 and 9062 to 9042
    
                                The Grande’ Grains
July 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 

July Soymeal
Support should appear near 186.5 to 185.8 and 182.2 to 180.8 region..
Resistance should appear near 190.2 to 190.9 and 203.4 to 204.2    
BW  Traders should go short if a close under 185.7 occurs
 
July Soybean Oil
Resistance should appear near  2775 and 2315 to 2322 
Support should appear near 2226 to 2219,  a close under augurs for a test of  2185 to 2170.

July Corn
Support should appear near 213 1/2 to  212 3/4 and 208 3/4 to 208.
Resistance is at 217 to 218 1/2 and 221 3/4 to 222 3/4

July CBOT Wheat
Resistance should appear near 326 1/4  to 327 and 331 3/4 to 332 3/4 .
.BW Traders can sell at 331 1/4 and risk a close over 339 1/4 for three days in  a row
Support should appear near 319 1/2 then 315 3/4 to 314 3/4 .and 310 1/4 to 309 1/4 
BW  Traders should go short if a close under 318 3/4  occurs.

 The Satisfying Softs  

July 'The Monster' Coffee
Support  should appear near 11690 to 11640 then 11360 to 11300 and 11010 to 10960 .
BW  Traders can buy at 11370 and risk a close under  11130 for three days in a row
Resistance should appear near 11920 to 12030 and the 12320 to 12380 region.  
BW Traders should go long if a close over 12035 occurs.

Sept ‘ The Monster' Coffee’
Recommended open position Long at 12235  

July Cocoa 
Recommended open position short at 1562
Support is at the 1576 to 1569 and the 1535 to 1529 region   
Resistance is at 1609 to 1615 and 1642 to 1655  BW  Traders can sell at 1641 and hold for lower prices.. 
Risk a close over 1693 for three days in a row. 

July Sugar
Support should appear 852 to 847 and the 823 to 814 region. 
Resistance should appear near 877 to 882 and 907 to 912. BW  Traders can sell at 876 and risk a close over 
917 for three days in a row.  

July Cotton
Recommended open position long at 5435
Support should appear near 5430 to 5415 and 5355 to 5345 .
Resistance should appear near 5490 to 5505 and the 5555 to 5575 region 
BW Traders should go long if a close over 5510 occurs.


- 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  
Tuesday April 12th, 2005
3:45 PM South Florida Beach Time

THIS PUBLICATION IS SUBJECT TO REVISIONS AND 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.
FuturesCom Investment Publications © copyright 1996 – 2005 all rights reserved Terms

BW Recommended Open Positions
 Long June SP500 1180.6
Long June Mini Nasdaq  1499.50
Long June Mini Russell  621.50
Short June Yen 9315
Short June Swiss 8391
Short June Gold 430.3
Short July Copper 15000
Short May Heating Oil 14650
Short June Cattle 8350
Short June Hogs 7670
Short  2 June Hogs 7800 / Long 2  August Hogs avg 365 spread
Short July Pork Bellies 9485
Short July Cocoa 1562
Long Sept Coffee 12235
Long July Cotton 5435