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FuturesCom Investment Publications
Morning Comments Wed May 25th,  2005
 Serving Professional and Individual Traders World Wide since 1988
1650 SW Malmo Rd , Port St. Lucie ,  Florida 34953 -  USA and Canada Toll Free : 1-866-409-3890 -  Intl : 1- 772-621-4234  http://www.futurescom.com 

Tuesday  May  23rd ,  2005
8:15  PM  Eastern time   
Open BW Positions

                                      The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near 10580 to 10680 
Support should appear near 10470 and 10360 to 10320  

June SP500
Recommended Open position Long 1180.6
Resistance should appear near  1197.50 to 1203.00 . A  close over is friendly and augurs for a trade towards 1217.50
Support should appear near 1192.00 and 1180.50.

Nasdaq Composite
Support remains near 2042 to 2034   
Resistance should appear near 2080 to 2089

June Mini Nasdaq 100
Resistance should appear near  the 1569.00  to 1576.00 region..
Support is at 1535.00 to 1529.00 . 

June Mini Russell 2000
Recommended Open Position Long at 614.00
Support is at 611.30 to 610.10 and 603.5 to 602.3
Resistance should appear near 616.5 to 619.0 and the 625.7 to 627.0 region.

Sept 10 Year T-Note  
Resistance should appear near 113-22 and  114-07
Support  at   113-07 then  112-22 and 112-07.  

Sept 30 Yr  T-Bond
Resistance should appear near 117-07 and 117-22 , beyond that 118-07 should cap a rally
Support  at  116-22 and 116-07 , below that a test of 115-22 and 115-07 is likely. 

                                  The Frenzied Forex Front

June Yen
Resistance should appear near 9316 to 9347 and the 9429 to 9445  region...  
Support should appear near 9156 to 9140 and the 9060 to 9044 region…  

June Euro Currency (EC)
Recommended open positions Short 12636
Support should appear at 12530, below that an eventual test of 12380 to 12320 region is likely
Resistance should appear near 12680 to 12740 and 12890.
BW Traders should go short if a close under 12522 occurs

June Swiss Franc
Resistance should appear near 8194 to 8223 and the 8300 to 8314 region
BW Traders can sell at 8300 and risk a close over 8422 for three days in a row
Support should appear near 8119 and 8044 to 8029, a close under augurs for a test of 7954 to 7939.

June British Pound
Support should appear near 18220 to 18080
Resistance should appear near 18400 and 18580 to 18650

June Canadian Dollar
Support should appear near 7864 to 7836 and 7777 to 7763
Resistance is at 7939 to 7954 and the 8029 to 8044 region

June Aussie Dollar
Resistance should appear near 7587 to 7601 and the 7675 to 7689 region. which should bring out sellers and should cap a rally. 
BW Traders can sell at 7675 and risk a close over 7696 for three days in a row .
Support should appear near the 7513 to 7486, a close under augurs for a test of 7428 to 7414,
BW Traders should go short if a close under 7482 occurs

                                                                                     Precious Metals

June Gold  
Recommended open position short 422.2
Resistance should appear at 423.8 to 424.9 and 430.4 to 431.5 .
Support is at the 412.00 to 411.00 region and the 405.6 to 404.6 region
BW Traders should go short if a close under 416.2 occurs.

July Copper
Support should appear near 13830 to 13770 
Resistance should appear near the 14150 to 14210 region.

July Silver 
Support should appear near 692.0 to 690.5 and the 683.5 to 680.5 region.
Resistance is at 707.5 to 708.5 and 714.5 to 717.0 

The Exciting Energies

July Crude Oil
Resistance should appear near 5056 to 5067 and 5127 to 5139
Support should appear near 4926 to 4915 and 4856 to 4845 

July Unleaded Gas 
Resistance should appear near 14530 to 14590.and 14840 to 14960 
Support should appear near 14210 to 14150 and 13830 to 13770 .

July Heating Oil
Resistance should appear near14150 to 14210 .
Support should appear near 13830 to 13770  ..

The Lively Livestock  

August  Cattle
Support should appear near 8317 to 8302.. Below that buyers should appear near 8222 to 8192
Resistance is at near 8392 to 8407 and 8482 to 8502

June Hogs
Support is at 7172 to 7142 and the 7087 to 7072 region
Resistance is at 7242 to 7257 and the 7327 to 7342 region.

July Hogs
Support is at 7002 to 6992 and the 6922 to 6907 region.
Resistance is at 7072 to 7087 and 7142 to 7172 

October Hogs
Support is at 5957 to 5942 and 5882 to 5857  
Resistance is at 6022 to 6037 and 6102 to 6117 

July Pork Bellies
Recommended Open Position Short 8165
Resistance should appear near 7762 to 7777 then 7837 to 7867 and the 7937 to 7957 region 
Support is at 7692 to 7672 then 7602 to 7587 and the 7517 to 7487 region 

                                      The Grande’ Grains
July Soybeans
Support is at 643 to 641 3/4 and 635 to 633 3/4 
Resistance should appear near  648 1/4 to 650 3/4. 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
Recommended Open Position Short at 189.4
Support should appear near 195.3 to 194.6 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.
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 194.4 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 221 3/4 and 218 1/2 to 217
Resistance should appear near  226 3/4 to 227 1/2  and 231 1/2 to 232 1/4
 BW Traders can sell at 225 3/4 and risk a close over 228 3/4 for three days in a row. 

July CBOT Wheat
Recommended Open Position Short at 331 3/4
Resistance should appear near 337 3/4 to 338 3/4 and 342 1/2 to 344 1/2.
Support should appear near 331 3/4 and the 327 to 326 1/4 region.  
BW Traders should go short if a close under 314 1/4 occurs.

                                                         The Satisfying Softs  

July 'The Monster' Coffee
Recommended open position long 2 at 12700 avg
Support  should appear near 11920 then 11690 to 11640.and the 11360 to 11300 region 
Resistance should appear near 12320 to 12380 and the 12680 to 12740 region 

July Cocoa  
Support is at 1421 to 1415  and 1383 to 1377.
Resistance is at 1459 and  1484 to 1496 .

July Sugar
Support should appear near 852 to 847 and 823 to 814  
Resistance should appear near 877 to 882 and 907 to 912   

July Cotton
Support should appear near 4995 to 4970 and the 4855 to 4845 region .. Below that buyers should appear near
4785 to 4775  
Resistance should appear near 5055 to 5070 and 5125 to 5140

- 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 24th , 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  5-23-2005
Long  June SP500 1180.6
Long June Mini Russell 614.00 
Short June EC 12636
Short June Gold 422.2
Short July Pork Bellies 8165
Short July Soymeal 189.4
Short July Wheat 331 3/4
Long 2 July Coffee 12700 avg