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Morning Comments Friday May 13th, 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
Friday
May 12th, 2005
3:00 AM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10257 and 10320 to 10360.
Support should appear near 10,136 to 10104
June
SP500
Recommended Open position Long
1180.60
Resistance should appear near 1164.00 to 1169.00 and 1180.50
Support
should appear near 1150.00 and 1136.00 to 1130.00
Nasdaq Composite
Support remains near 1953.00 to 1946.00 and the 1909.00 to 1902.00 region
Resistance should appear near 1982.00 to 1996.00. and the 2034.00 to
2042.00 region
June Mini Nasdaq 100
Resistance should appear near 1484.00 to 1496.00 and the 1529.00.to 1535.00
region.
Support is at 1453.00 and
the 1421 to 1415 region. .
June Mini Russell 2000
Nearby Support is at 585.50
region. Below that buyers should appear near the 580.50 to 579.20
region..
BW .Traders can buy at 580.6 and risk a close under 579.00 for three days in a
row
Resistance should appear near 594.5 to 595.7 and 602.30 to 603.5
June 10 Year T-Note
Resistance should appear near 111-22 and 112-07 .
Support at
111-07 then 110-22
and 110-07.
The
Frenzied Forex Front
June Yen
Resistance should appear near 9429 to 9445
Support should appear near 9347 to 9316..
Support
should appear at 12680 and 12605..
Resistance should appear near 12740
and 12815
BW Traders should Go Short if a close under 12655 occurs
Recommended open position short at
8276
Resistance should appear near 8300 to 8314 and 8391 to 8406 .
Support should appear near 8223 to 8194
and 8134 to 8119
June British Pound
Support should appear near 18580 and near the 18400 region
Resistance should appear near 18650 and 18836
June Canadian Dollar
Support should appear near 7959 to 7934
Resistance is at 8029 to 8044
June Aussie Dollar
Resistance should appear near 7675 to 7689
Support should appear near 7601 to 7587
Precious Metals
June Gold
Recommended open position short 2 at 424.9 avg
Resistance should appear at 423.8 to 424.9 and 430.4 to 431.5
Support is at 418.3 to
416.3 and 412.0 to 411.0
July Copper
Support should appear near 13460 to 13340 and 13100 to 13040 .
Resistance should appear near 13770
to 13830 and 14150 to 14210
July Silver
Support should appear near 683.5 to 680.5 and the 667.5 to 665.5
region
Resistance is at 699.0 to 700.5 and 714.5 to 717.0.
The Exciting Energies
June
Crude Oil
Resistance should appear
near 4845 to 4856 and 4915 to 4926 .
Support should appear near
4785 to 4775 and the 4650 to 4639 region
June Unleaded Gas
Resistance should appear near 14530
to 14590 and 14840 to 14960
Support should appear near 14210 to 14150
and 13830 to 13770 .
June Heating Oil
Resistance should appear near
13770 to 13830 and 14150 to 14210 .
Support should appear near 13460 to 13340 and 13100 to 103040
The Lively Livestock
August Cattle
Recommended open position short 8540
Support should appear near 8592 to 8562 and 8502 to 8482
Resistance is at near 8667 to 8682 and 8762 to 8777
BW Traders should go short if a close under 8377 occurs
June Hogs
Recommended open position Short 7757
Support is at 7602 to 7587 and 7512 to 7487
Resistance is at 7672 to 7692 and
7762 to 7777
July Hogs
Support is at 7602 to 7587 and 7512 to 7487
Resistance is at
7692
BW Traders can sell at 7827 and risk a close over 7972 for three days in a row.
Support is at the 6432 to 6417 and the 6352 to 6337 region.
Resistance is at 6482 to 6512
and 6577 to 6592
Recommended open position Short 8165
Resistance
should appear near 8392 to
8407 and 8482 to
8502
Support is at 8317
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 611 1/4 to 610 1/4 region
Resistance should appear near 625 3/4 to 627 and 633 3/4 to 635
July Soymeal
Support should appear near 190.9 to 190.2 and 186.4 to 185.8
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 2315 to 2322 and 2354 to 2370.
Support should appear near 2275 to 2267 and 2226 to 2219
July Corn
Support should appear near the 204 1/4 to 203 1/2 region.
Resistance is at 208 to 208 3/4
July
CBOT Wheat
Recommended open position short at
317 3/4
Resistance should appear near 309 1/2 to 310 1/2 and 314 4/5 to
315 3/4 .
Support should appear near 304 1/2 to 303 3/4 . and 299 to 297 1/4
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 12030 to 11920
Resistance should appear near 12320 to 12380 and 12680 to 12740 .
July
Support is at 1459 to 1453 .
Resistance is at 14843 to 1496
July
Sugar
Support should appear near 823 to 814
Resistance should appear near 847 to 852
July
Cotton
Support should appear
near 5430 to 5415 and 5355 to 5345.
Resistance should appear near 5555 to 5575 and the 5640 to
5653 region.
- 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
4:30 AM
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 Swiss Francs 8276
Short 2 June Gold 424.9 avg
Short August Cattle 8540
Short June Hogs 7757
Short July Pork Bellies 8165
Short July Wheat 317 3/4
Long 2 July Coffee 12700 avg