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Morning
Comments, Tuesday
April 13th
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
Monday April 12th 2004
1:30 PM. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9526 to 9542 and the 9625 to 9641 region.
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 7836 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 18220 to 18150 and 18080
Resistance should appear near 18400 and 18580 to 18650 .
June Canadian Dollar
Recommended Open Position Short 2 at 7522 avg
Support should appear near 7428 to 7414 and
the 7342 to 7328 region
Resistance is at 7486 to 7513
and 7587 to 7601.
June Aussie Dollar
Recommended Open Position Short 2 at 7389 avg
Support should appear near 7601 to 7587 and 7513 to 7487
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.
The
Sensational Stock and Bond Markets
Dow
Jones Industrial Average
Resistance should appear
near 10580 to 10630 and 10680
Support should appear near 10470 and 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
Resistance should appear near 2080 to 2089
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 127.40 to 126.80 and the 123.80 to 123.20 region, which should hold..
Resistance should appear near 13040
to 13100 and 133.40
to 134.60
May Silver
Support should appear 795.5 to 794.0 and 786.5 to 783.5
Resistance is at 802.5 to 804.5 and 811.5 to 813.0
The Exciting Energies
May
Crude Oil
Resistance should
appear 3795 to 3806 and 3858 to 3868
Support is at 3743 to 3734 and 3682 to 3663
May Unleaded
Gas
Resistance should appear
near 11920 to 12030 and 12320 to 12380
Support should appear near 11690 to
11640 and 11360 to
11300 .
May Heating Oil
Resistance should appear near 9525 to
9545 and 9705 to 9735
Support should appear near 9345 to 9315 and 9155 to 9140
Trade Accordingly…
The Lively Livestock
June Cattle
Recommended open position short at 7357
Support should appear at 7867 to 7837 and 7692 to 7672
Resistance is at 7937 to 7957 and 8027 to 8047
June Hogs
Support is at 7512 to 7487 and 7427 to 7412
Resistance is at 7587 to 7602 and 7672 to 7692
July Hogs
Support
is at 7412 then 7342 to 7327 and 7257 to 7242 .
Resistance is at 7487 to 7512
and 7587 to 7602
May Pork
Bellies
Recommended open position Short at 10122
Support should appear near 10580 and 10360 to 10320
Resistance is at 10680 then 10820 and 10960 to
11010
The Grande’ Grains
July Soybeans
Resistance is at 982 3/4 to 983 3/4 then 992 1/4 to 993 3/4 and 1002 1/4 to 1003 3/4.
Support should appear near
964 1/4 to 962 1/2 and the 954 1/4 to 952 3/4 region
July
Soymeal
Support should appear near304.5 to 303.6 and 299 to 297.2
Resistance should appear near 314.8 to 315.7 and 319.4 to 321.3
July Soybean Oil
Recommended open position short at 3178
Resistance should appear near 3148 to 3157 and 3194 to 3213.
Support should appear near 3102 to 3092
and the 3045 to 3036 region
July Corn
Recommended open position Long 2 at 326 3/4 avg
Resistance should appear near 337 3/4 to 338 3/4 and 342 1/2 to 344 1/2
Support is at 326 1/4 to 326 and 321 1/4 to 319 1/2
BW Traders can buy at 329 3/4 and hold
for higher prices..
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 331 3/4 to 332 3/4 and 337 3/4 to 338 3/4
Support is at 326 3/ 4 to 326 1/4 and 321 3/4 to 319 1/2
BW Traders should go long if a close
over 339 1/4 occurs.
May CBOT Wheat
Support should appear near 405 3/4 to 404 34 and 392 3/4 to 390 3/4
Resistance should appear near 411 to 412 and 416 1/4 to 418 1/4.
BW Traders should go long
if a close over 419 1/4 occurs
July CBOT Wheat
Support should appear near 412 to 411.and 399 1/4 to 398 1/4
Resistance should appear
near 423 3/4 to 424 3/4 and 430 1/2 to 431 1/2…
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 7170 to 7145 and 7090 to 7075
Resistance should appear near 7204 to 7255 and 7325 to 7345
July the ‘Monster’ Coffee
Support is near 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
Recommended open position Short 1389
Support is at 1383 to 1377 and the 1346 to 1334 region..
Resistance is at1415 to 1421 and 1453 to 1459 .
BW Traders should go short if a close under 1412 occurs.
July
Sugar
Support should appear near 686 to 682 and 661 to 656
Resistance should appear near 704 to 712 and
the 735 to 739 region.
July Cotton
Recommended open position Long 6115
Support
should appear near 6035 to
6020 and 5955 to 5945
Resistance should appear near 6100 to 6115 and 6255 to 6270
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
Monday April 12th,
2004
3:00 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.
-----------------------------------------------------------------------------------------
Terms
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved
Recommended Open BW Positions
Short 2 June Swiss Franc at 7752 avg
Short 2 June British Pounds at 18007 avg
Short 2 June Canadian Dollars at 7522 avg
Short 2 June Aussie dollars at 7389 avg
Long 2 June SP500 1111.50 avg
Short June Gold 418.00
Short June Cattle 7357
Short May Pork Bellies 10122
Short July Bean Oil 3178
Long 2 July Corn at 326 3/4 avg
Long December Corn 333 1/4
Long May Coffee 7645
Short July Cocoa 1389
Long July Cotton 6115