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FuturesCom Investment Publications
Morning Comments Monday April  18th 2005
 Serving Professional and Individual Traders World Wide since 1988
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Saturday April 16th,  2005
11:00  PM  Eastern time   

Open BW Positions   


                                       The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance is near 10104 to 10136 
Support should appear near 10037 to 10021 then  9937 to 9921 and the 9737 to 9706 region 

June SP500
 Recommended Open position Long at 1180.6
Resistance should appear near 1150 and the 1164 to 1169 region
Support should appear near 1136.00 to 1130 and the 1101 to 1096 region.

Nasdaq Composite
Support should appear near 1865 to 1858
Resistance should appear near 1946 to 1953

June Mini Nasdaq 100  
Recommended Open Position Long  2 at 1461 avg
Resistance should appear near .1446 to 1453
Support is at  1383 to 1377 and 1346 to 1334

June Mini Russell 2000
Recommended Open Position Long 2 at 608.70
Support is at 572.90 to 571.60 and 565.30 to 564.00
Resistance is at 585.5 to 588   

June 10 Year T-Note  
Resistance should appear near 111-22 and 112-07
Support  at  110-22 and 110-07 .   


                              The Frenzied Forex Front

June Yen
Recommended open position short at 9315
Resistance should appear near 9429 to 9445   
Support should appear near 9316 and 9156 to 9140 
BW Traders should go short if a close under 9237 occurs

June Euro Currency (EC)
Recommended open position short at 12844
Support should appear at the 12740 to 12680 region. 
Resistance should appear near the 13040 to 13100 region

June Swiss Franc
Recommended open position short at 8277
Resistance should appear near the 8484 to 8499
Support should appear near 8223 to 8194  

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

June Canadian Dollar
Support should appear near 7954 to 7939 
Resistance is at 8119 to 8134  

June Aussie Dollar
Resistance should appear near 7675 to 7689 and 7763 to 7777.  
 Support should appear at 7601 to 7587 and the 7513 to 7486 region     
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 and the 418.3 to 416.3 region 
BW Traders should go short if a close under 423.8 occurs.

July Copper
Support should appear near 14210 to 14150  and 13830 to 13770     
Resistance should appear near 14530 to 14590 and 14840 to 14960.

July Silver 
Support should appear near  700.5 to 699.0  and the 683.5 to 680.5 region. 
Resistance is at 714 to 717.5 and 732.5 to 734.5
                                                  
                                          The Exciting Energies

May Crude Oil
Resistance should appear near 5129 to 5137 and 5200 to 5210 
Support should appear near 4995 to 4973 and 4717 to 4695 

May Unleaded Gas 
Resistance should appear near 15290 to 15350 and 15690 to 15760 . 
Support should appear near 14590 to 14530 and 13830 to 13770 

May Heating Oil
Resistance should appear near 14840 to 14960 and the 15290 to 15350 region. 
Support should appear near  14210 to 14150 and 13830 to 13770

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  2 at 7702 avg
Spread : Short 2  June Hogs 7800 /  2  Long August Hogs  365 avg spread 
Support is at 7777 to 7762 then 7692 to 7672 and 7602 to 7592
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..

July Pork Bellies
Recommended open position short at 9485
Resistance should appear near 8857 to 8872 and 8937 to 8967  
Support  should appear near 8772 to 8857 and 8682 to 8667    

                                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 2315 to 2322 and 2354 to 2370
Support should appear near 2275 to 2267 and 2226 to 2219

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
Recommended open position short July Wheat 318
Resistance should appear near 319 1/2 to 321 1./4 and 326 1/4  to 327..
Support should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4

 The Satisfying Softs  

July 'The Monster' Coffee
Recommended open position Long at 113.7
Support  should appear near 11360 to 11300 and 11010 to 10960 .
Resistance should appear near 11640 to 11690 and 11920 to 12030 .  
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 1496 to 1484   
Resistance is at 1569 to 1576 . 

July Sugar
Support should appear 795 to 791. 
Resistance should appear near 847 to 852  

July Cotton
Recommended open position long at 5435
Support should appear near 5285 to 5255 and 5140 to 5125 .
Resistance should appear near 5345 to 5355 and the 5415 to 5430 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  
Sunday  April 16th, 2005
1:25 AM 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 2June Mini Nasdaq  1461
Long 2June Mini Russell  608.70 avg
Short June EC 12844
Short June Japanese Yen 9315
Short June Swiss Francs 8277
Short June Cattle 8350
Short 2 June Hogs 7702 avg
Short  2 June Hogs 7800 / Long 2  August Hogs avg 365 spread
Short July Pork Bellies 9485
Short July Wheat 318
Short July Cocoa 1562
Long July Coffee 113.70
Long Sept Coffee 12235
Long July Cotton 5435