Economic and Investment Trend Analysis - Socio Economics 
Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
 Premier Service - Platforms - Quotes - Online Signup - Bi-Weekly Outlook Archives - Special Reports - DIY Index

FuturesCom Investment Publications
Morning Comments  Thursday April  21st 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 

"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable – ranks high. 
There are certain chances that the most prudent man is justified in taking -   chances that he must take if he wishes to be more than a mercantile mollusk- ” Reminiscences of a Stock operator-

 

Wed April 20th,  2005
6:00  PM  Eastern time   

Open BW Positions   


                                       The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance is near 10,021 to 10,037 and the 10104 to 10136 region. 
Support should appear near 9937 to 9921 and 9837 to 9821

June SP500
 Recommended Open position Long at 1180.6
Resistance should appear near 1164.00 to 1169.00 region
Support should appear near 1136.00 to 1130.00 and 1115.50

Nasdaq Composite
Support should appear near 1909 to 1902 and 1865 to 1858 
Resistance should appear near 1946 to 1953 

June Mini Nasdaq 100  
Recommended Open Position Long 1422
Resistance should appear near 1415 to 1421
Support is at 1383 to 1377 

June Mini Russell 2000
Recommended Open Position Long at 595.8
Support is at  585.5 and 580.5 to 579.2
Resistance is at 594.5 to 595.7 and 602.3 to 603.5

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 and 9526 to 9542
Support should appear near 9347 to 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 13100 to 13040 . 
Resistance should appear near 13165 and 13220

June Swiss Franc
Recommended open position short at 8277
Resistance should appear near 8560 to 8589 and 8668 to 8683
Support should appear near 8499 to 8484 and 8406 to 8391  

June British Pound
Support should appear near 19090 to 19020  ..
Resistance should appear near 19460 to 19530

June Canadian Dollar
Support should appear near 8044 to 8029 
Resistance is at 8119 to 8134  

June Aussie Dollar
Resistance should appear near 7763 to 7777.  
 Support should appear at 7689 to 7675     


Precious Metals

June Gold  
Resistance should appear at 437 to 438.1 and 442.5 to 444.6 
Support is at 431.5 to 430.4 and 434.9 to 423.8

July Copper
Support should appear near 14960 to 14840 and 14590 to 14530
Resistance should appear near 15290 to 15350 and 15690 to 15760

July Silver 
Support should appear near  734.5 to 732.5 then 717.5 to 714 and 700.5 to 699.0 
Resistance is at 741.5 to 742.5 then 748.5 to 751.5 and 767.5 to 769.0
                                                   
                                          The Exciting Energies

June Crude Oil
Resistance should appear near 5418 to 5430 and 5492 to 5504 
Support should appear near 5356 to 5344 and 5210 to 5200   

May Unleaded Gas 
Resistance should appear near 16090 to 16150 and 16420 to 16550
Support should appear near 15350 to 15290 and 14960 to 14840 

May Heating Oil
Resistance should appear near 15290 to 15350 and 15690 to 15760 
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 8502 to 8482 and 8407 to 8392 
Resistance is at 8560 to 8592 and the 8762 to 8777 region 

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 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 row. 

July Pork Bellies
 Resistance should appear near 8667 to 8682 and 8857 to 8872   
Support  should appear near 8592 to 8562 and 8407 to 8392 

                                The Grande’ Grains
July Soybeans
Support is at  635 to 633 1/2 and the 627 to 625 3/4 region.  
Resistance should appear near  641 3/4 to 643 and the 657 3/4 to 659 1/2 region  . 

July Soymeal
Support should appear near 194.6 then 190.9 to 190.2 and the 186.5 to 185.8 region 
Resistance should appear near 203.4 to 204.2  and 212.6 to 213.4 . BW Traders can sell at 212.4 and risk a close over 222.9 for three days in a row.   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.
Resistance is at 221 3/4 to 222 3/4

July CBOT Wheat
Recommended open position short July Wheat 318
Resistance should appear near  321 1./4 and 326 1/4  to 327..
Support should appear near 315 3/4 to 314 3/4 and 304 1/2 to 303 3/4 

 The Satisfying Softs  

July 'The Monster' Coffee
Recommended open position Long at 12150
Support  should appear near 12380 to 12320 and 12030 to 11920 .
Resistance should appear near 12680 to 12740 and 13040 to 13100   

July Cocoa 
Recommended open position short at 1562
Support is at 1535 to 1529 and 1496 to 1484
Resistance is at 1569 to 1576 and 1609 to 1615 

July Sugar
Support should appear 823 to 814 and 795 to 791
Resistance should appear near 847 to 852 and 877 to 882. BW Traders can sell 
at 876 and risk a close over 912 for three days in a row. 

July Cotton
Support should appear near 5355 to 5345 and 5285 to 5255 .
Resistance should appear near 5490 to 5505 and 5555 to 5575
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  
Wed April 20th, 2005
7:30 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 1422
Long June Mini Russell  595.8
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 Wheat 318
Short July Cocoa 1562
Long  July Coffee 121.50