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FuturesCom Investment Publications
Morning Comments,  Thursday April 15th 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 April 14th   2004
6:30 PM. West Palm Beach Time  

Open BW Positions

The Frenzied Forex Front

June Yen
Resistance should appear near 9429 to 9445 and 9526 to 9542 
Support should appear near 9156 to 9140 .. below that a test of 9060 to 9044 is likely... 

June Euro Currency (EC)
Support
should appear at 11920 .. a close under augurs for a test of  11805 and eventually the 11690 to 11640 region
Resistance
is at 11975 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
Support should appear near 17740 an extended trade under augurs for a test of 17560 and eventually 17380 to 17310 
Resistance
should appear near 17940 and 18080 to 18150.. beyond that sellers should cap a rally at 18220 .

June Canadian Dollar
S
upport should appear near 7414 and the 7342 to 7328 region Below that buyers should appear near 7255 to 7242 .. BW traders can buy for a bounce at 7257 and risk a close under 7137 for three days in a row... 
Resistance is at 7486 to 7513 and 7587 to 7601. 

June Aussie Dollar
Support
should appear near 7255 to 7242 .. below that buyers should appear near 7170 to 7143 and the 7003 to 6990 region. 
BW traders can buy at 7005 for a turn higher and risk a close under 6902 for three days in a row.. 
Resistance
should appear at 7328 to 7342 and 7414 to 7428.  

                               The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10470 and the 10580 to 10680 region. 
Support
should appear near 10360 to 10320 and 10185

June SP500
Recommended Open Position Long  1121.70
Resistance
should appear near 1130 to 1136 .. Beyond that a test of 1150 is likely.  
Support
should appear near 1115.50 and the 1101 to 1096 region . 

Traders should stay tuned for Flashes and Updates

Nasdaq Composite
Support
should appear near 1996 to 1982 below that buyers should appear near 1953 to 1946.
Resistance should appear near 2034 to 2042.. beyond that sellers should appear near 2080 to 2089 

June Mini Nasdaq 100
Resistance
should appear near 1484 to 1496 and the 1529 to 1535 region.  
Support is at 1459 to 1453.and the 1421 to 1415 region. 

June 10 Year T-Note
Resistance
should appear near 111-22 then 112-07 and 112-22 
Support is at 111-07 then 110-22 and 110-07

                                   Precious Metals

June Gold 
Support
should appear at 399.2 to 398.2 and the 392.9 to 390.9 region.. 
Resistance
is at 404.6 to 405.6 and 411 to 412  

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 near 683.5 to 681 and 667.5 to 665.5  
Resistance
is at 724.5 to 725.5 and 741.5 to 742.5   

The Exciting Energies  

Please note that  we are rolling analysis to June crude oil 

June
  Crude Oil
Resistance 
should appear 3663 to 3682 and 3734 to 3743   
Support
is at 3623 to 3613 and the 3563 to 3553 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 9525 to 9545 and 9705 to 9735 which should cap a rally. 
Support
should appear near 9345 to 9315 and the 9155 to 9140 region. 

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 7427 to 7412 and 7342 to 7327
Resistance
is at 7487 to 7512 and the 7587 to 7602 region. 

July Hogs
Support
is at 7342 to 7327 and the 7257 to 7242 region
Resistance is at 7412 to 7427 and the 7487 to 7512 region. 

May
Pork Bellies
Support
should appear near 10362 to 10322 and 10137 to 10102 
Resistance
is at 10467 then 10577 to 10627 and 10682 

             ---  Traders should stay tuned for BW Updates and Flashes in the Livestock markets  ---

The Grande’ Grains

July Soybeans
Resistance
is at 1032 to 1035 and the 1047 
Support
should appear near 1005 to 1000 and the 993 3/4 to 992 1/4 region. 

July Soymeal

Support
should appear near 315.7 to 314.8 and 310.2 to 309.2 
Resistance
should appear near 326.1 to 327 and the 331.9 to 332.8 region.

July Soybean Oil
Resistance
should appear near 3319 to 3328 and 3377 to 3386. 
Support should appear near 3213 to 3194 and 3157 to 3148.   

July Corn
Recommended open position Long 2 at  326 3/4 avg
Resistance
should appear near 326 1/4 to 327 and the 331 3/4 to 332 3/4 region. 
Support
is at 321 1/4 to 319 1/2 and the315 3/4 to 314 3/4 region.   

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 321 1/4 and 326 1/4  to 327 
Support
is at 315 3/4 to 314 3/4 and 310 1/2 to 309 1/4   

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 .and 411 to 412 

BW Traders should go long  if a close over 419 1/4 occurs. 

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

BW traders should go long if a close over 431 1/2 occurs


                                        The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open position long at 7170
Support is near 7170 to 7140 an 7005 to 6990 
Resistance should appear near 7325 to 7345 and 7415 to 7430 

July Cocoa 
Recommended open position Short 1389
Support
is at 1383 to 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 6190 to 6165 and 6115 to 6105     
Resistance
should appear near 6335 to 6350 and 6415 to 6430 

BW Traders should go long of 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
Wednesday April 14th2004
7:00 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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                                                                         Terms 

FuturesCom Investment Publications Copyright@1996-2004 all rights reserved

Recommended Open BW  Positions
Short 2 June Swiss Franc 7752 avg  
Long June SP500 1121.70
Short June Cattle 7357
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