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FuturesCom Investment Publications
Morning Comments,  Friday  April  2nd, 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

Thursday April 1st   2004
5:25 PM .. West Palm Beach Time  

Open Positions

The Frenzied Forex Front

June Yen
Resistance should appear near 9707 to 9737  and 9821 to 9837
Support should appear near 9641 to 9625

June Euro Currency (EC)
Support should appear at 12320 and 1.2030 to 1.1920
Resistance is at  1.2380 and 12680 to 12740 ..BW  traders can sell at 12672 and risk a close over 12772 for three days in a row. 

June Swiss Franc
Resistance should appear near 7939 to 7954 and 8029 to 8044
Support should appear near 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 1.8580 to 1.8680

June Canadian Dollar 
Recommended Open Position Short  7586
Support should appear near  7601 to 7587
Resistance is at  7675 to 7689

June Aussie Dollar
 Recommended Open Position Short 7320
Support should appear near  7601 to 7586    
Resistance should appear at 7675 to 7689 , BW Traders can sell at 7671 and risk a close over 7782 for three days in a row.    

 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 10360 to 10320 and 10257

June SP500
Recommended Open Position Long 2 at  1111.5
Resistance should appear near 1136 and 1164 to 1169
Support should appear near 1115.50 and 1101 to 1096

Nasdaq Composite
Support should appear near  1996 to 1982 and 1953 to 1909 
Resistance  should appear near 2034 to 2042  and 2080 to 2089 

June  Mini Nasdaq 100
Resistance is at 1471.5 and 1484 to 1496
Support is at 1453 and 1421 to 1415

June 10 Year T-Note
Resistance should appear near 115-07 then 115-22  and 116-07 
Support is at 114-22 then 114-07 and 113-22 

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 134.60 to 133.40 and the 131.00 to 130.40 region..
Resistance should appear near 137.70  to138.30  and 141.50 to 142.10.

May Silver
Resistance should appear 830 to 831.5 and 848.5 to 850  
Support is at 813.5 to 811 and 804.5 to 803 

The Exciting Energies

May  Crude Oil
Support  should appear near 3386 to 3377 and 3328 to 3319   
Resistance is at 3493 to 3503 and 3553 to 3563

May Unleaded  Gas
 Resistance should appear near 10820 and 10960 to 11010 and 11300 to 11360  
Support should appear near 10680 to 10580 and 10360 to 10320 .. Below that a test of 10035 to 10020 is likely. 


May Heating Oil
 Resistance should appear near 8560 to 8590 and 8760 to 8775 
Support should appear near  8405 to 8390 and 8315 to 8300 .  

Trade Accordingly…

                                                                               The Lively Livestock

June Cattle
 Recommended open position Short 7357
Support should appear at 7512 to 7487 and the 7342 to 7327 region. 
Resistance is at 7587 to 7602 then 7675 to 7692 and 7762 to 7777

June Hogs
Support is at 7427 to 7412 then 7342 to 7327  and 7257 to 7242 
Resistance is at 7487 to 7512 then 7587 to 7602

July Hogs
Support is at 7087 to 7072 and 7002 to 6992 
Resistance is at 7142 to 7172 and the 7242 to 7257 region 

May Pork Bellies
 Recommended open position Short 10122 
Support should appear near 10680 to 10630  and 10580
Resistance is at 10820 then 10960 to 11010.and 11300 to 11360 

                                                                                     The Grande’ Grains

May Soybeans
Resistance is at 1032 to 1036 and 1058 to 1068
Support should appear at  1013 3/4 to 1010 1/2 then 1003 3.4 to 1002 1/4 and 993 3/4 to 992 1/4

May Soymeal
Support should appear near  314.8 then 310.1 to 309.2 and 304.5 to 303.6
Resistance should appear near 331.9 to 332.8 then 342.5 to 344.3

May  Soybean Oil
Resistance should appear near 3319 to 3328 and 3377 to 3386
Support should appear near 3261 to 3270 then 3213 to 3194 and 3157 to 3148

July Corn
 Recommended open position long at 323 1/2 
Resistance should appear near 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4 
Support is at 331 3/4 then 327 to 326 1/4 and 321 1/4 to 319 1/2  

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 411 to 412 and 416 1/4 to 418 1/4  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 418 1/4 and 423 3/4 to 424 3/4.

 

                                       The Satisfying Softs

May the ‘Monster’ Coffee
Recommended open Position  Long 7645
Support should appear near 7345 to 7325 then 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 1496 to 1484 and 1459 to 1453
Resistance should appear near 1529 to 1535 and 1569 to 1576.. 
BW Traders can sell at 1607 and risk a close over 1657 for three days in a row. . 

May  Sugar 
 Support should appear near 609 to 601 and 586 to 582
Resistance should appear near 630 to 634 and 656 to 661.

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.. beyond that a test of 6415 to 6430 is likely.. .

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
Friday April 2nd,   2004
6:00 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. 
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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