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FuturesCom Investment Publications
Morning Comments  Monday May 2nd,  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 

Courage in a Speculator is merely confidence to act on the decision of  his mind

Sunday May 1st,  2005
7:30  AM  Eastern time   

Open BW Positions   

                                                         The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance is near the 10258 and  10320 to 10360. 
Support should appear near 10185 and  10136 to 10104.  

June SP500
Recommended Open position Long 1180.6
Resistance should appear near 1164.00 to 1169.00 and 1180.5
Support should appear near 1150.00 and 1136.00 to 1130.00

Nasdaq Composite
Support remains near 1909.00 to 1902.00
Resistance should appear near 1946.00 to 1953.00.

June Mini Nasdaq 100
 Recommended open position Long at 1441.5
Resistance should appear near 1453.00 to 1459.00 
Support is at 1421.00 to 1415.00 and 1383.00 to 1377.00. 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 2 at 585.10 avg
Support is at 580.50 to 579.20 and 572.9 to 571.6 below that  565.30 to 564.00 should hold
Resistance should appear near 585.50 to 588.00 and 594.50 to 595.70 

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

                                    The Frenzied Forex Front

June Yen
Recommended open Position Short at 9315
Resistance should appear near 9625 to 9641 and 906 to 9737
Support should appear near 9542 to 9526 and 9445 to 9429

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

June Swiss Franc
Recommended open position short at 8276
Resistance should appear near 8391 to 8406 and 8484 to 8499 
Support should appear near 8314 to 8300 and 8223 to 8194

June British Pound
Support should appear near 18836 and  18650 to 18580 .
Resistance should appear near 19090 and 19276

June Canadian Dollar
Support should appear near 7939 and 7864 to 7836
Resistance is at 7954 and 8029 to 8044    

June Aussie Dollar
Recommended Open Position 7746
Resistance should appear near 7836 to 7864 and 7939 to 7954
Support should appear at 7777 to 7763 and 7689 to 7675.  

                                                                         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 

BW Traders should go short if a close under 430.2 occurs   

July Copper
Recommended open position Short 14430
Support should appear near 14590 to 14530 and 14210 to 14150 .. .     
Resistance should appear near 14840 to 14960 and 15290 to 15350

July Silver 
Support should appear near 683.5 to 680.5 and the 667.5 to 665.5 region 
Resistance is at 707.5 to 708.5 and 714.5 to 717.0  

The Exciting Energies

June Crude Oil
Support should appear near 4926 to 4915 then 47895 to 4775 and  the 4717 to 4695 region  
Resistance should appear near 4973 to 4995 and the 5067 to 5056 region ..Beyond that sellers should appear near 
5127 to 5139 and the 5200 to 5210 region 

June Unleaded Gas 
Resistance should appear near 15290 to 15350 and 15690 to 15760 
Support should appear near 14960 to 14840  and  the 14210 to 14150 region. . 

June Heating Oil
Resistance should appear near  14530 to 14590 and 14840 to 14960  
Support should appear near 13830 to 13770 and 13460 to 13340..  

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 8587and  8667 to 8682 

June Hogs
Recommended open position Short 2 at  7747 avg
Support is at 7692 to 7672 and 7602 to 7587 
Resistance is at  7762 to 7777 and 7837 to 7867

July Pork Bellies
Resistance should appear near  8407 then 8482 to 85902 and  8562 to 8592
Support is at the 8317 to 8302 and 8222 to 8192   
Trade accordingly and stay tuned for flashes and updates  

                                      The Grande’ Grains
July Soybeans
Support is at 619 to 616 1/2 and the 603.5 to 602.5 region
Resistance should appear near 633.5 to 635 and 641 3/4 to 643..

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  194.6 to 195.3 and 198.2 to 199.6. 
BW Traders should go short if a close under 190.1 occurs

July Soybean Oil
Resistance should appear near  2267 to 2275 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 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 at 318
Resistance should appear near 326 1/.4 to 327 then 331 3/4 to 332 3/4.and the 342 1/2 to 344 1/4 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 321 1/.4 to 319 1/2  and the 315 3/4 to 314 3/4 region 
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
Support  should appear near 12740 to 12680 and the  12380 to 12320 region.  
Resistance should appear near 13040 to 13100 and the 13340 to 13460 region  

July Cocoa 
Support is at  1459 to 1453 
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 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  

Sunday  May 1st, 2005
9:20 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 June Mini Nasdaq 1441.5 l 
Long   2 June Mini Russell 585.10 avg
Short June Yen  9315
Short June EC 12844
Short June Swiss Francs 8277
Short June Aussie Dollar 7746
Short June Gold 436.7
Short July Copper 14430
Short June Cattle 8350
Short 2  June Hogs 7747 avg
Short July Wheat 318
Long  2 July Coffee 12700 avg
Long July Cotton  5700