Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 
Precious Metals - Energy - Livestock - Grains - Softs

Bi-Weekly Outlooks   Premier Service    Products   Quotes   Online Signup
   Index Program 


FuturesCom Investment Publications
Morning Comments,  April  1st, 2004
 
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle, Lake Worth, Florida 33467 Tel:
1-561-433-2995 http://www.futurescom.com


Wed  March 31st  2004
8:00 PM .. West Palm Beach Time  

Open Positions

The Frenzied Forex Front

June Yen
Resistance should appear near 9625 to 9641 and  9707 TO 9737 
Support
should appear near 9542 to 9526  and 9445 to 9429

June Euro Currency (EC)
Support
should appear at 12175 and 1.2030 to 1.1920
Resistance
is at  1.2320  to 1.2380 

June Swiss Franc
Resistance
should appear near 7939 to 7954 and 8029 to 8044
Support should appear near the 7864 to 7836 and the 7777 to 7763 region..

June British Pound
Recommended Open Position Short 1.7955

Support
should appear near 1.8220 to 1.8080  
Resistance should appear near 1.8400 and 1.8580 to 1.8680

June Canadian Dollar 
Recommended Open Position Short  7586
S
upport should appear near  7587 and 7513 to 7487
Resistance is at  7675 to 7689

June Aussie Dollar
Recommended Open Position Short 7320
Support should appear near  7513 to 7486    
Resistance
should appear at  7586 to 7601   

Trade Accordingly and stay tuned for Updates..


                                                     
     The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10470 and 10580 to 10630 
Support should appear near 10340 to 10320 and 10257

June SP500
Recommended Open Position Long 2 at  1111.5
Resistance
should appear near 1130 to 1136 and 1150
Support
should appear near 1115.50 and 1101 to 1096

Nasdaq Composite
Support
should appear near  1982 and 1953 to 1909 
Resistance 
should appear near 2034 to 2042  

June  Mini Nasdaq 100
Resistance
is at 1453 to 1459 and 1471.5 
Support is at 1438 and 1421 to 1415

June 10 Year T-Note
Resistance
should appear near 115-22 and 116-07 
Support
is at  115-07 then 114-22 and 114-07  

Precious Metals

June Gold 
Recommended Open Position Short 2 at 418
Support
should appear at 424.9 to 423.8 and 418.3 to 416.3  
Resistance
is at 430.4 to 431.5 and 437.0 to 438.1 

May Copper
Support
should appear near 134.6 to 133.40 and the 131.00 to 130.40 region..
Resistance should appear near 137.70 to 138.30  and 141.50 to 142.10.

May Silver
Support
should appear 786.5 to 783.5 and 769 to 767.5  
Resistance
is at 802.9 to 804.4 and 811.5 to 813.5 

The Exciting Energies

May  Crude Oil
Support 
should appear near 3563 to 3553  below that a test of 3504 to 3493 is likely.   
Resistance is at 3613 to 3623 and 3734 to 3743

May Unleaded  Gas
Resistance should appear near 11640 to 11690 and 11920 to 12030   
Support should appear near 11360 to 11300 and 11010 to 10960 .. an extended trade or close under augurs for a test of 10680 to 10580

May Heating Oil
Resistance should appear near 9044 to 9060 and 9316 to 9347 
Support
should appear near  8934 and 8871 to 8856.. below that a test of 8777 to 8762 is likely. .  

Trade Accordingly…

                                                                               The Lively Livestock

June Cattle
Recommended open position Short 7357
Support should appear at 7587 and 7512 to 7487 
Resistance
is at 7675 to 7692 and 7762 to 7777

June Hogs
Support
is at 7427 to 7412 and 7342 to 7327  
Resistance is at 7487 to 7512 then 7587 to 7602 and 7672 to 7692

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

May Pork Bellies
Recommended open position Short 10122 
Support should appear near 10680 to 10630  and 10580  
Resistance
is at 10820 and 10960 to 11010.

                                                                                     The Grande’ Grains

May Soybeans
Resistance is at 1002 3/4 to 1003 3/4 then 1013 3/4 to 1010 1/2 and 1032 to 1036 and 1047
Support
should appear at  993 3/4 to 992 1/4  and the 983 3/4 to 982 1/4 region

May Soymeal
Support
should appear near  314.8 then 310.1 to 309.2 and 304.5 to 303.6
Resistance
should appear near 319.4 to 321.2 and 326.1 to 327 and 331.9 to 332.8 

May  Soybean Oil
Resistance should appear near 3261 to 3270 and 3319 to 3328  
Support
should appear near 3213 to 3194 and 3157 to 3148

July Corn
Recommended open position long at 323 1/2 
Resistance should appear near  331 3/4 to 332 3/4 and 337 3/4 to 338 3/4
Support is at 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4  

May CBOT Wheat
Support
should appear near 405 3/4 to 404 3/4 and 399 1/4 to 398 1/4 
Resistance  should appear near 416 1/4 to 418 1/4 and 423 3/4 to 424 3/4 .. beyond that a test of 430 1/2 to 431 1/2 is likely.

July CBOT Wheat
Recommended Open Position Long at 414 
Support
should appear near 412 to 411 then 405 3/4 to 404 3/4 and 399 1/4 to 398 1/4 
Resistance  should appear near 416 1/4 to 418 1/4 and 423 3/4 to 424 3/4 .. beyond that a test of 430 1/2 to 431 1/2 is likely.

 

                                       The Satisfying Softs

May the ‘Monster’ Coffee
Recommended open Position  Long 7645
Support
should appear near 7255 to 7240 and the 7170 to 7140 region. Below that buyers should appear near 7090 to 7075. 
Resistance
should appear near 7415 to 7430 and the 7485 to 7515 region.  Beyond that a test of 7585 to 7605 is likely.  

May Cocoa 
Support
is at 1535 to 1529 and 1496 to 1484 
Resistance should appear near 1569 to 1576 and 1609 to 1615.. 
BW Traders can sell at 1607 and risk a close over 1657 for three days in a row. . 

May  Sugar 
Support should appear near 634 to 630 and 609 to 601
Resistance
should appear near 656 to 661.. beyond that a test of 682 to 686 is likely.

May Cotton
Recommended Open Position Long 6355

Support should appear near the 6115 to 6105 and 6035 to 6020. 
.
Resistance should appear near 6255 to 6270 and 6335 to 6350.

A Ship in Harbor is Safe...But that is not what ships are built for –

Stay tuned for flashes and updates in all markets..

Happy Trading!  

Bill  wil@futurescom.com

1-866-409-3890
Wed March 31st, 2004
9:00 PM South Florida Beach Time

THIS PUBLICATION 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@1996-2004 all rights reserved

Recommended Open Positions  
Short June British Pounds 17955
Short June Canadian Dollars 7586
Short June Aussie dollars 7320 
Long 2 June SP500 1111.50 avg
Short 2 June Gold 418.00 
Short June Cattle 7357
Short May Pork Bellies 10122
Long July Corn 323 1/2 
Long July Wheat 414  
Long  May Coffee 7645 
Long May Cotton 6355