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Morning Comments,
Monday April 12th 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
Friday April 9th 2004
1:00 PM .. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9429 to 9444 and 9526 to 9542
Support should appear near the 9347 to 9318
region. Failure there
augurs for an eventual test of 9237 and 9156 to 9140..
June Euro Currency (EC)
Support
should appear at 12030 to 1.1920, a slip under augurs for a test of 11805
Resistance is at 12175 then 12247 and 12320 to 12360
Aggressive
BW Traders should go short if a close under 11917 occurs
June Swiss
Franc
Recommended Open Position Short 2 at 7752 avg
Resistance should appear near 7850 to 7864 and 7907
Support should appear near 7777
to 7763 and 7727 .
June British Pound
Recommended Open Position Short 2 at 18007 avg
Support should appear near 18150 to 18080 and 1.7940
Resistance should appear near 18400 and 18580 to 18650 .
June Canadian Dollar
Recommended Open Position Short 7586
Support should appear near 7513 to 7486
, a slip under augurs for a test of 7428 to 7414
Resistance is at 7587 to 7601
and 7675 to 7689.
BW Traders should go short if a close under 7482 occurs..
June Aussie Dollar
Recommended Open Position Short 2 at 7389 avg
Support should appear near 7513 to 7487
Resistance should appear at 7601 and 7675 to 7689 BW
traders can sell at 7671
and risk a close over 7782 for three days in a row.
The
Sensational Stock and Bond Markets
Dow
Jones Industrial Average
Resistance should appear
near 10470 and the 10580 to 10630 region
Support should appear near 10360 to 10320
June SP500
Recommended Open Position Long 2 at 1111.50 avg
Resistance should appear near 1164.00 to 1169.00
Support should appear near the 1136.00 to 1130.00
Traders should stay tuned for Flashes and Updates
Nasdaq Composite
Support should appear near 2042 to 2034 and 1996 to 1982
Resistance should appear near 2080 to 2089 and 2126 to 2134
June Mini Nasdaq 100
Resistance should appear near the 1529 to 1539 region.
Support is at 1484 and 1459 to 1453 .
June
10 Year T-Note
Resistance should
appear near 112-22 and 113-07
Support
is
at 112-07 and 111-22
Precious Metals
June Gold
Recommended Open Position Short at 418
Support should appear at 418.3 to 416.3 and 412 to 411.0
Resistance is at 423.8 to 424.9 and 430.4
to 431.5
May Copper
Support should appear near 130.40 Failure there augurs for a test of
127.40 to 126.80 and the
123.80 to 123.20 region, which should hold..
Resistance should appear near 133.40
to 134.60 and 137.70 to 138. 30
May Silver
Support should appear 804.5 to 802.5 and the 795.5 to 794.0 region.
Resistance is at 830 to 831.5 and the 848.5 to 849.5
region.
The Exciting Energies
May
Crude Oil
Resistance should
appear 3734 to 3743 and the 3795 to 3806 region.
Support is at 3682 to 3663 and 3563 to 3553
May Unleaded
Gas
Resistance should appear
near 11640 to 11690 and the 11920 to 12030 region which should cap a
rally..
Support should appear near 11360 to
11300 and 11010 to
10960.
May Heating Oil
Resistance should appear near 9316 to
9347 and 9425 to 9445
Support should appear near 9155 to 9140 and 9060 to 9045
Trade Accordingly…
The Lively Livestock
June Cattle
Recommended open position short at 7357
Support should appear at 7602 to 7587 and 7512 to 7487
Resistance is at 7672 to 7687 and 7762 to 7777
June Hogs
Support is at 7487 and 7427 to 7412
Resistance is at 7587 to 7602 and 7672 to 7692
July Hogs
Recommended Open Position Long at 7255
Support is at 7342 to 7327 and 7257 to 7242 .
Resistance is at 7412 to 7427
and 7487 to 7512
May Pork
Bellies
Recommended open position Short at 10122
Support should appear near 10680 to 10630 and 10580
Resistance is at 10820 and 10960 to
11010
The Grande’ Grains
July Soybeans
Resistance is at 992 1/4 to 993 3/4 and 1002 1/4 to 1003 3/4. Beyond that
sellers should appear
near the 1010 1/2 to 1013 3/4 region.
Support should appear at 983 3/4 to 982 3/4 then 973 3/4 to 970 3/4 and the
964 1/4 to 962 1/2 region
July
Soymeal
Support should appear near 314.8 and 310.2 to 309.2 and 304.5 to 303.6
Resistance should appear near 319.4 to 321.3 and 326.1 to 327.0
July Soybean Oil
Recommended open position short at 3178
Resistance should appear near 3194 to 3213 and 3261 to 3270.
Support should appear near
3157 to 3148 and the 3102 to 3092
region
July Corn
Recommended open position Long 323 1/2
Resistance should appear near 342 1/2 to 344 1/2
Support is at 332 3/4 to 331 3/4 BW Traders can buy at 329 3/4 and hold
for higher prices.
Below that buyers should appear near 326 to 326 1/4.
BW Traders should go long if a close over 338 3/4 occurs.
December Corn
Recommended open Position long at 333 1/4
Resistance should appear near 337 3/4 to 338 3/4 and the 349 1/4 to 350 1/4
region
Support is at 332 3/4 to 331 3/4 and 326 3/ 4 to 326 1/4
BW Traders should go long if a close
over 339 1/4 occurs.
May CBOT Wheat
Support should appear near 412 to 411 and 392 3/4 to 390 3/4
Resistance should appear near 418 1/4 and
423 3/4 to 424 3/4..
BW Traders should go long
if a close over 419 1/4 occurs
July CBOT Wheat
Support should appear near 418 1/4 to 416 1/4 and 412 to 411.
Below that
buyers should appear near 405 3/4 to
404 3/4
Resistance should appear
near 430 1/2 to 431 1/2 and the 442
1/2 to 444 3/4 region…
BW Traders should go long if a close over 431 1/2
occurs
The
Satisfying Softs
May Coffee
Recommended open Position Long
7645
Support is near 7255 to 7240 then 7170 to 7145 and 7090 to 7075
Resistance should appear near 7345 then7415 to 7430 and 7485 to
7515
July the ‘Monster’ Coffee
Support is near 7485 and 7425 to 7410 ..Below that buyers should appear near 7345 to
7325
Resistance should appear near 7585 to 7605 and the 7675 to 7690
region
BW Traders should go long if a close over 7615 occurs .
July Cocoa
Support is at 1383 to 1377 and the 1346 to 1334 region..
Resistance is at 1421 and 1453 to 1459 .
BW Traders should go short if a close under 1412 occurs.
July
Sugar
Recommended open position Short 681
Support should appear near 686 to 682 and 661 to 656
Resistance should appear near 712 and
the 735 to 739 region.
July Cotton
Support
should appear near 6350 to
6335 and the 6115 to 6105 region
BW .Traders can buy at 6115 and
hold for higher prices. Risk a close under 5935 for three days in a row.
Resistance should appear near 6485 to 6510
BW Traders should go long if a close over 6525 occurs
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
Thursday April 9th,
2004
2:00 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 2 June Swiss Franc 7752 avg
Short 2 June British Pounds at 18007 avg
Short June Canadian Dollars 7586
Short 2 June Aussie dollars at 7389 avg
Long 2 June SP500 1111.50 avg
Short June Gold 418.00
Short June Cattle 7357
Long July Hogs 7255
Short May Pork Bellies 10122
Short July Bean Oil 3178
Long July Corn 323 1/2
Long December Corn 333 1/4
Long May Coffee 7645
Short July Sugar 681