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FuturesCom Investment Publications
Morning Comments  Tuesday April  26th,  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 

Monday April 25th,  2005
2:30  PM  Eastern time   

Open BW Positions   

                                                         The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance is near the 10320 to 10360 region. 
Support should appear near 10185 and 10136 to 10104.  

June SP500
Recommended Open position Long 1180.6
Resistance should appear near 1164 to 1169 and 1180.5
Support should appear near 1150 and 1136 to 1130

Nasdaq Composite
Support remains near 1909.00 to 1902.00
Resistance should appear near 1946 to 1953 .

June Mini Nasdaq 100
Resistance should appear near 1453 to 1459.
Support is at 1421 to 1415 and 1383 to 1377. BW Traders can buy at 1384 for a bounce and risk a close under 1359 for three days in a row. BW Traders should go long if a close over 1439.00 occurs  

June Mini Russell 2000
Support is at 588 to 585.5 and the 580.5 to 579.2 region.. Below that buyers should appear near 572.9 to 571.6
BW Traders can buy at 573.1 and risk a close under 563.2  for three days in row.
Resistance should appear near 594.5 to 595.7 and 602.3 to 603.5.
BW Traders should go long if a close over 595.9 occurs.

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

                                    The Frenzied Forex Front

June Yen
Recommended open Position Short at 9315
Resistance should appear near 9526 to 9542  and 9625 to 9641
Support should appear near 9445 to 9429.and 9347 to 9316

June Euro Currency (EC)
Recommended open positions Short 12844
Support should appear at 12890 and the  12740 to 12680 region 
Resistance should appear near 13040 to 13100 and 13220

June Swiss Franc
Recommended open position short at 8276
Resistance should appear near 8484 to 8499 and 8560 to 8589
Support should appear near 8406 to 8391 and  8314 to 8300

June British Pound
Support should appear near 19020 and 18650 to 18580 .
Resistance should appear near 19090 and 19276

June Canadian Dollar
Support should appear near 8044 to 8029 , a close under augurs for a test of 7959 to 7934 .  
Resistance is at 8119 to 8134 and 8194 to 8223  

June Aussie Dollar
Resistance should appear near 7836 to 7864 and the 7934 to 7959 region. which should bring out sellers and should cap a rally.  
Support should appear at 7763 and 7689 to 7675, below that a test of 7601 to 7587 is likely.  
BW Traders should go short if a close under 7761 occurs.

Precious Metals

June Gold  
Resistance should appear at 437 to 438.1. BW Traders can sell at 436.7 and risk a close over 440.4 for three days in a row. Beyond that 342.5 to 444.6 should cap a rally.
Support is at 431.5 to 430.4 and 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 430.2 occurs.

July Copper
Support should appear near the 14590 to 14530 region..A close under augurs for a test of 14210 to 14150 .. below that a test of 13830 to 13770 is likely..     
Resistance should appear near 15290 to 15350 and 15690 to 15760. BW  Traders can sell at 152.8 and risk a close over 157.9 for three days in row. BW Traders should go short if a close under 145.20 occurs

July Silver 
Support should appear near 717 to 714.5, a close under augurs for a test of the 683.5 to 680.5  region
Resistance is at 732.5 to 734.5 and the 741.5 to 742.5 region Beyond that 758.5 to 760.5 should cap a rally

The Exciting Energies

June Crude Oil
Resistance should appear near  5553 to 5577. Beyond that sellers should appear near  5640 to 5653 and the 5716 to 5729 region , which should cap a rally.
Support should appear near 5430 to 5418 and the 5356 to 5344 region  A close under is negative and augurs for a test of 52110 to 5200 and the 5067 to 5056 region

June Unleaded Gas 
Resistance should appear near 16890 to 16960 Beyond that sellers should appear near 17310 to 1738 and the 17740 to 17800 region
 BW Traders with ‘Ice Water in their Veins’  can sell at 17740 and risk a close over 182.70 for three days in a row,   
Support should appear near 16150 to 16090 and 15760 to 15690, a close under augurs for a test of the 14960 to 14840 region . 

June Heating Oil
Recommended open position short at 15270
Resistance should appear near 15690 to 15760 and the 16090 to 16150 region.
Support should appear near 14960 to 14840. A close under is negative and augurs for a test of 14590 to 14530  

The Lively Livestock  

June Cattle
Recommended open Position Short 8350
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance is at near 8762 to 8777 and the 8932 to 8967 region.
BW Traders can sell at 8762 for a turn lower and risk a close over 8977 for three days in row       

June Hogs
Recommended open position Short 7735
Support is at 7512 to 7487 and the 7342 to 7327 region.
Resistance is at 7587 to 7602 and 7672 to 7692

July Pork Bellies
Resistance should appear near 8122 to 8137 and  8300 to 8317
Support is at the 8047 to 8027 region.  A close under is negative and augurs for a test of  7957 to 7932 and 7867 to 7837. 
Aggressive BW Traders can go if a close under 8022 occurs.

Trade accordingly and stay tuned for flashes and updates

                                      The Grande’ Grains
July Soybeans
Support is at 635 to 633 3/4 , a close under augurs for a test of the 619 to 616 1/2 region.
Resistance should appear near 643   Beyond that sellers should appear near 657 3/4 to 659 1/4 and the 665 3/4 to 667 1/4 region..
BW Traders can sell at 667 1/4 and risk  a close over 684 3/4 for three days in a row. ..

July Soymeal
Support should appear near 198.2 and 190.9 to 190.2 a close under  is negative and augurs for a test of  the 182.2 to 180.8 region..
Resistance should appear near  203.4 to 204.2  beyond that sellers should appear near 212.6 to 213.4 and the 217.0 to 218.5 region. Aggressive  BW Traders can sell at  212.4 and risk a close over 222.9 for three days in row.  

BW  Traders should go short if a close under 190.1 occurs

July Soybean Oil
Resistance should appear near  2315 to 2322 . Above that sellers should appear near 2354 to 2370  and  the  2411 to 2419 region , which  cap a rally. BW Traders can sell at 2409 and risk a close over 2477 for three days in a row
Support should appear near 2275 to 2267 and 2226 to 2219,  a close under augurs for a test of  2185 to 2170.  

July Corn
Support should appear near 221 3/4 and 218 1/2 to 217
Resistance is at 226 3/4 to 227 1/2 and the 231 1/.2 to 232 1/2 region.

July CBOT Wheat
Recommended open position short at 318
Resistance should appear near 331 3/4 to 332 3/4 and the 342 1/2 to 344 1/2 region. BW Traders can sell at 341 1/4 and risk a close over 351 1/4  for three days in a row. 
Support should appear near 327 to 326 1/4 and 315 3/4 to 314 3/4  
BW Traders should go short if a close under 318 3/4  occurs.

Trade Accordingly –

 The Satisfying Softs  

July 'The Monster' Coffee
Recommended open position long at 12150
Nearby Support  should appear near 2680 and the 12380 to 12320 region. Below that buyers should appear near 12030 to 11920. and the 11690 to 11640 region.   BW Traders can buy at 11695 and risk a close under 111.35 for three days in a row
Resistance should appear near 13040 to 13100 .. A close over is friendly and augurs for a test of 13340 to 13460
BW Traders should go long if a close over 13120 occurs.

July Cocoa 
Support is at 1484, a close under augurs for a test of  1459 to 1453 and the 1421 to 1415  region.  
Resistance is at  1496 and the1529 to 1535 region .

July Sugar
Support should appear near 823 to 814  Under that buyers should appear near  795 to 791.
Resistance should appear near 847 to 852 and 877 to 882   

July Cotton
Recommended open position long at 5700
Support should appear near 5655 to 5640 and the 5580 to 5555 region. Below that buyers should appear near 5505 to 5490
Resistance should appear near 5715 to 5730 and the 5790 to 5805 region. Beyond  that a trade towards 5855 to 5880 is likely.
 
- 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  
Monday  April 25th, 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
Short June EC 12844
Short June Japanese Yen 9315
Short June Swiss Francs 8277
Short June Heating Oil 15270
Short June Cattle 8350
Short June Hogs 7735
Short July Wheat 318
Long  July Coffee 121.50 
Long July Cotton  5700