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  Wed May 4th,  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 

Tuesday May  3rd,  2005
8:00  PM  Eastern time   

Open BW Positions   

                                                         The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance is near 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  1169.00 and 1180.5
Support should appear near 1164.00 and  1150.00

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 585.50 and 580.50 to 579.20
Resistance should appear near 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 12890 and 12740 to 12680 region 
Resistance should appear near 12965 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 19020 to 19090 and 19276

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

June Aussie Dollar
Recommended Open Position 7746
Resistance should appear near 7763 to 7777 and 7836 to 7864
Support should appear at  7689 to 7675 and 7601 to 7587

                                                                         Precious Metals

June Gold
 Recommended open position Short at 427.7  
Resistance should appear at 430.4 to 431.5.
Support is at 424.9 to 423.8  

July Copper
Recommended open position Short 14430
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 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 and the 4856 to 4945 region 
Resistance should appear near 4973 to 4995 and 5056 to 5067 

June Unleaded Gas 
Resistance should appear near 14840 to 14960 and 15290 to 15350
Support should appear near 14210 to 14150 and 13830 to 13770  

June Heating Oil
Resistance should appear near  14530 to 14590 and  14840 to 14960
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 8502 to 8482 and 8407 to 8392
Resistance is at near 8562 to 8587and  8667 to 8682 

June Hogs
Recommended open position Short 2 at  7747 avg
Support is at 7602 to 7587 and the 7512 to 7487 region 
Resistance is at  7677 to 7692 and 7762 to 7777

July Pork Bellies
Resistance should appear near 8482 to 85902 and  8562 to 8592
Support is at  8407 to 8392 and the 8222 to  8192  region.

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 204 1/4 to 203 1/2  and 199 3/4 to 198 1/4 
Resistance is at 208 to 208 3/4 and  212 3/4 to 213 1/2.

July CBOT Wheat
Recommended open position short 2 at 318 
Resistance should appear near 319 1/2 to 321 1/4 and 326 1/.4 to 327 
Support should appear near 315 3/4 to 314 3/4 and the 310 1/4 to 309 1/4 region 


Trade Accordingly –

 The Satisfying Softs  

July 'The Monster' Coffee
Recommended open position long 2  at 12700 avg
Support  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 12320 to 12380 and 12680 to 12740  

July Cocoa 
Support is at 1484 and 1459 to 1453 
Resistance is at 1496 and 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 5355 to 5345,  BW Traders can buy at 5355 and  hold for higher prices. Under that support should appear near the 5280 to 5255 region.  Below that buyers should appear near 5210 to 5200 
Resistance should appear near 5415 to 5430 and 5490 to 5505.. Beyond that a test of 5715 to 5730 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  

Tuesday May 3rd, 2005
9:15 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 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 427.7
Short July Copper 14430
Short June Cattle 8350
Short 2 June Hogs 7747 avg
Short 2 July Wheat 318 
Long  2 July Coffee 12700 avg
Long July Cotton  5700