Economic and Investment Trend Analysis

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs
Bi-Weekly Outlooks Premier Service Products Quotes Online Signup Index Program

FuturesCom Investment Publications
Morning Comments, Friday April 16th 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 15th 2004
4:00 PM. West Palm Beach Time

Open BW Positions

The Frenzied Forex Front

June Yen
Resistance should appear near 9347 to 9316 and 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
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 17800 to 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
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
Support should appear near 7342 to 7328 and 7255 to 7242 ..
Resistance should appear at 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
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

June Crude Oil
Resistance should appear 3734 to 3743 and 3795 to 3806
Support is at 3682 to 3663 and 3623 to 3613

May Unleaded Gas
Resistance should appear near 11805 then 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 9705 to 9735 and 9920 to 9935 which should cap a rally.
Support should appear near 9540 to 9525 and 9345 to 9315 .

Trade Accordingly…

The Lively Livestock

June Cattle
Support should appear at 7602 to 7587 and 7512 to 7487
Resistance is at 7762 to 7777 and 7837 to 7867

June Hogs
Support is at 7257 to 7242 and 7172 to 7142
Resistance is at 7327 to 7342 and 7412 to 7427 .

July Hogs
Support is at 7172 to 7142 and 7087 to 7072
Resistance is at 7242 to 7252 and 7327 to 7342 .

May Pork Bellies
Support should appear near 10137 to 10102 and 10037 to 10022 .. below that a test of 9937 to 9922 is likely.
Resistance is at 10320 to 10360 and 10467

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

The Grande’ Grains

July Soybeans
Resistance is at 982 1/4 to 983 3/4 and 992 1/4 to 993 3/4
Support should appear near 954 1/4 to 952 3/4 and 934 3/4 to 931 3/4 below that 915 3/4 to 914 3/4 should hold for a bit.

July Soymeal
Support should appear near 299.9 to 297.2 and the 288.3 to 287.4 region..
Resistance should appear near 309.2 to 310.2 and 314.8 to 315.7 .

July Soybean Oil
Resistance should appear near 3194 to 3213 and 3261 to 3270
Support should appear near 3102 to 3092 and 3045 to 3036

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 1/4 to 327.
Support is at 315 3/4 to 314 3/4 and 310 1/4 to 309 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 309 1/4 to 310 1/4 and 314 3/4 to 315 3/4
Support is at 304 1/2 to 303 3/4 and 299 to 297 1/4

July CBOT Wheat
Support should appear near 386 3/4 to 385 3/4 and 374 1/4 to 373 3/4
Resistance should appear near 398 1/4 to 399 1/4 and 411 to 412

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 7255 to 7240 and 7170 to 7140
Resistance should appear near 7325 to 7345 and 7415 to 7430

July Cocoa
Support is at 1346 to 1334 and 1310 to 1304
Resistance is at 1377 to 1383 and 1415 to 1421 .

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
Support should appear near 6270 to 6255 and the 6190 to 6165 region.
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
Thursday April 15th, 2004
4:30 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