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Morning
Comments, Wed
April 14th 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
Tuesday April 13th 2004
1:30 PM. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9429 to 9445 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 11805 and the 11690 to 11640 region
Resistance is at 11920 to 12030 and 12175
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 7763 to 7777 and 7836 to 7864
Support should appear near 7689
to 7675 and 7601 to 7587 .
June British Pound
Recommended Open Position Short 2 at 18007 avg
Support should appear near 1.7940 and the 17800 to 17740 region
Resistance should appear near 18080 to 18150 and 18220 .
June Canadian Dollar
Recommended Open Position Short 7459
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 7487 and 7428 to 7414
Resistance should appear at 7513 then 7587 to 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 10580 to 10680
Support should appear near 10360 to 10320
June SP500
Recommended Open Position Long 2 at 1111.50 avg
Resistance should appear near 1130 to 1136
Support should appear near the 1101 to 1096 region .
Traders should stay tuned for Flashes and Updates
Nasdaq Composite
Support should appear near 1996 to 1982
Resistance should appear near 2034 to 2042
June Mini Nasdaq 100
Resistance should appear near 1484 to 1496 .
Support is at 1459 to 1453 .
June
10 Year T-Note
Resistance should
appear near 111-22 and 112-07
Support
is
at 111-07 and 110-22
Precious Metals
June Gold
Recommended Open Position Short at 418
Support should appear at 405.6 to 404.6 and 399.2 to 398.2
Resistance is at 411 to 412 and 416.3 to 418.3
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 725 .5 to 724.5 and the 683.5 to 681 region
Resistance is at 758.5 to 760.5 and 776.5 to 777.5
The Exciting Energies
May
Crude Oil
Resistance should
appear 3734 to 3743 and 3795 to 3806
Support is at 3682 to 3663 and the 3623 to 3613 region.
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
May Heating Oil
Resistance should appear near 9315 to
8345 and 9525 to
9545
Support should appear near 9155 to 9140 and 8965 to 8935
Trade Accordingly…
The Lively Livestock
June Cattle
Recommended open position short at 7357
Support should appear at 7837 and 7692 to 7672
Resistance is at 7937 to 7957 and 8027 to 8047
June Hogs
Support is at 7342 to 7327 and 7257 to
7242
Resistance is at 7412 to 7427 and 7487 to 7512
July Hogs
Support
is at 7242 and the 7087 to 7072 region
Resistance is at 7327 top
7342 and 7412 to 7427
May Pork
Bellies
Recommended open position Short at 10122
Support should appear near 10137 to 10102 and 10037 to 10022
Resistance is at 10320 to 10360 then
10470 and 10580
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 970 3/4 then
964 1/4 to 962 1/2 and the 954 1/4 to 952 3/4 region
July
Soymeal
Support should appear near 304.5 to 303.6 and 299 to 297.2
Resistance should appear near 309.20 to 310.20 and 314.8 to 315.7
July Soybean Oil
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 319 1/2 to 321 1/4 and 326 to 326 1/4
Support is at 315 3/4 to 314 3/4 and 304 1/2 to 303 3/4
December Corn
Recommended open Position long at 333 1/4
Resistance should appear 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4
Support is at 310 1/2 to 309 1/4 and 299 to 297 14
.
May CBOT Wheat
Support should appear near 392 3/4 to 390 3/4 and 380 3/4 to 379 1/2
Resistance should appear near 404 3/4 to 405 3/4 .
July CBOT Wheat
Support should appear near 399 1/4 to 398 1/4 and 386 3/4 to 385
3/4
Resistance should appear
near 411 to 412 and 416 1/4 to 418 1/4
The
Satisfying Softs
July the ‘Monster’ Coffee
Recommended Open position long at 7170
Support is near 7140 and 7005 to 6990
Resistance should appear near 7325 to 7345 and 7415 to 7430
July Cocoa
Recommended open position Short 1389
Support is at 1377 and the 1346 to 1334 region..
Resistance is at 1415 to 1421 and 1453 to 1459 .
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 5880 to
5855 and 5730 to 5715
Resistance should appear near 5945 to 5955 and 6025 to 6035
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
Tuesday April 13th,
2004
2:35 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 7752 avg
Short 2 June British Pounds at 18007 avg
Short June Canadian Dollars 7459
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
Long 2 July Corn 326 3/4 avg
Long December Corn 333 1/4
Long July Coffee 7170
Short July Cocoa 1389
Long July Cotton 6115