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Morning Comments Thursday April 28th, 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
Wed April 27th, 2005
10:30 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
Recommended open position Long at 1441.5
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.
June Mini Russell 2000
Recommended open position Long at 597
Support is at 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.
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 18836 and 18650 to 18580 .
Resistance should appear near 19020 to 19090 and 19276
June Canadian Dollar
Support should appear near 7959 to 7934 .
Resistance is at 8029 to
8044
June Aussie Dollar
Recommended Open Position 7746
Resistance should appear near 7762 to 7777 and 7836 to 7864.
Support should appear at 7689 to 7675, below that a test of 7601 to 7587 is likely.
Precious Metals
June Gold
Recommended Open Position Short at 436.7
Resistance should appear at 437 to 438.1.
Support is at 431.5 to 430.4
July Copper
Recommended open position Short 14430
Support should appear near 14210 to 14150 .. below that a test of 13830 to 13770 is likely..
Resistance should appear near 14530
to 14590 and 14840 to 14960
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
The Exciting Energies
June Crude Oil
Resistance should appear near 5200
to 5210 and 5259 to 5282
Support should appear near 5067 to 5056
and the 4995 to 4973 region
June Unleaded Gas
Resistance should appear near
15690 to 15760 and 16090 to 16150
Support should appear near 14960 to 14840
and the 14590 to 14530 region .
June Heating Oil
Resistance should appear near
14840 to 14960 and 15290 to 15350
Support should appear near 14210 to 14150 and the 13830 to 13770
region
The Lively Livestock
June Cattle
Recommended open Position Short 8350
Support should appear near 8502 to 8482 and 8407 to 8392
Resistance is at near 8667 to 8682 and 8762 to 8777
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 7602 to 7587 and 7512 to 7492 region
Resistance is at 7762 to 7777
and 7832 to 7862 .
BW Traders can sell at 7757 and risk a close over 7872 for three days in a row,
July Pork Bellies
Resistance should appear near 8300 to 8317 and 8392 to 8407
Support is at the 8137 to 8117 and 8047 to 8027 region. A close under is negative and augurs for a test of
7957 to 7932 ..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 627 to
625 3/.4 and 619 to 616 1/2
Resistance should appear near 641 3/4 to 643 and 648 1/4 to 650 3/4..
July Soymeal
Support should appear near 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 198.2
to 199.6 and 203.4 to 204.2. .Beyond that sellers should appear near 212.6 to 213.4
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 2267 and 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
Resistance is at 226 3/4 to 227 1/2.
July CBOT Wheat
Recommended open position short at 318
Resistance should appear near 331 3/4 to 332 3/4.and the 349 1/4 to
350 1/.4
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 2 at 12700 avg
Nearby Support should appear near 13100 to 13040 and 12740 to 12680. Below that buyers should appear near 12380 to 12320
Resistance should appear near 13340 to 13460 and the 13770 to 13830 region
July Cocoa
Support is at 1496 to 1484.
Resistance is at 1529 to 1535 .
July Sugar
Support should appear near 852 to 847
Resistance should appear near 877 to 882
July Cotton
Recommended open position long at 5700
Support should appear near
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
Wed April 27th, 2005
11:55 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 1441.5 l
Long June Mini Russell 597
Short June EC 12844
Short June Japanese Yen 9315
Short June Swiss Francs 8277
Short June Aussie Dollar 7746
Short June Gold 436.7
Short July Copper 14430
Short June Cattle 8350
Short June Hogs 7735
Short July Wheat 318
Long 2 July Coffee 12700 avg
Long July Cotton 5700