Economic
and Investment Trend Analysis - Socio Economics
Forex - Bonds - Dow Jones - Nasdaq - SP500 Precious Metals - Energy -
Livestock - Grains - Softs
Bi-Weekly
Outlooks - Premier
Service - Platforms -
Quotes - Online
Signup - DIY
Index Program - Special
Reports
FuturesCom
Investment Publications
Morning Comments Wednesday
April
28th 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 27th 2004
1:30 PM. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9237 and the 9316 to 9347
Support should appear near 9140 then 9060 to 9044 and the 8986
to 8934 region….Below that buyers should appear near 8871 to 8856.. BW Traders
can buy at 8877 for a turn higher and risk a close under 8752
for three days in a row.
June Euro
Currency (EC)
Support
should appear at 11805
and the 11690 to 11640 region.
Resistance is at 11920 to 1975
and 12030 .Beyond that sellers should appear near 12175
BW Traders
can sell at 1.2174 for a turn lower and hold for lower prices … Risk a close
over 12252 for three days in a row.
June Swiss
Franc
Recommended open position short 7657
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 17651
Support
should appear near 17800 to 17740 and 17560
Resistance should appear near 17940
and 18080 to 18220
June Canadian Dollar
Recommended Open Position Short 7373
Support should appear near 7342
to 7328. Under that buyers should appear near 7255 to 7242
Resistance is at 7414 to 7428 and the
7486 to 7513 region..
BW Traders can sell at 7482 and risk a close over
7604 for three days in a row.
June Aussie Dollar
Support
should appear near 7255 to 7242 and 7170 to 7143
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 the10580 to 10630 region
Support should appear near 10360 to 10320
June SP500
Recommended Open Position Long 2 at 1126.30 avg
Resistance should appear near 1150.00 and 1164.00 to 1169.00
Support should appear 1136.00 to 1130.00 and the 1101.00 to 1096.00 region
Nasdaq Composite
Support should appear near 2034 and 1996 to 1982
Resistance should appear near 2080 to 2089
June Mini Nasdaq 100
Resistance is at 1496 and the 1529 to 1535
region
Support is at 1484 and 1459 to 1453
June
10 Year T-Note
Resistance
should
appear near 111-07 and 111-22
Support
is
at 110-22 and 110-07
Trade accordingly.
Precious Metals
June Gold
Recommended Open Position Short 391.7
Resistance should appear at 404.6 to 405.6 then
411 to 412 and 416.3 to 418.3.
BW Traders can sell at 410.90 and risk close over 418.7 for three days in a
row.
Support is at 398.2 and 392.9 to 390.9
July Copper
Recommended Open Position Short 12260
Support should appear near 12320 and 12030 to 11920
Resistance should appear near 12680 to 12740 and 13040 to 13100
July Silver
Support should appear 595.5 to 594.5 and 543.to 541.5
Resistance is at 625 to 627 and 657 to 659. .
The Exciting Energies
June
Crude Oil
Resistance should
appear near 3743 and 3795 to 3806
Support is at 3682 to 3663 and
3623 to 3613
June Unleaded
Gas
Resistance should appear
near 12030.and 12680 to 12740. BW Traders can sell at 12670 and risk a close over
12920 for three days in a row.
Support should appear near 11920 and 11690 to 11640
June Heating Oil
Resistance should appear near 9525 to 9545 and the 9705 to 9735 region.
BW Traders can sell at 9705 and risk a
close over 9945 for three days in a row.
Support should appear near 9345 to 9315 and 9155 to 9140
The Lively Livestock
June Cattle
Support
should appear at 7777 to 7762 and 7692 to 7672 .
Resistance is at 7837 to 7867 and 7937 to 7957 .
June Hogs
Support is at 7087 to 7072 .. below that 7002 to 6992
should hold
Resistance is at 7142 to 7172 and 7242 to 7257
July Hogs
Recommended open position long at 7140
Support is at 7172 to 7142 and 7092 to 7072
Resistance is at 7257 and
the 7327 to 7342 region. .
May Pork
Bellies
Support should appear near 10630 to 10580 and 10470.
Resistance is at 10820 and
10960
---
Traders should stay tuned for BW Updates and Flashes in the Livestock
markets ---
The Grande’ Grains
July Soybeans
Resistance
is at 1010 1/2 to 1013 3/4 and 1032 to 1036
Support should appear at 983 3/4 to 982 1/4 and the 964 1/2 to 962 1/2
region.
July Soymeal
Support should appear near 304.5 to 303.6 and 299 to 297.2
Resistance should appear near 309.2 to 310.2 and 314.8 to 315.7
BW traders should go long if close over 310.7 occurs.
July Soybean Oil
Recommended Open Position Short 3135
Resistance should appear near 3425 to 3443 and 3493 to 3503
Support should appear near 3328 to 3319 and 3270 to 3261
July Corn
Resistance should appear near 319 1/2 to 321
1/4 and 331 3/4 to 332 3/4
Support is at 310 1/4 to 309 1/4 and 304 1/2 to 303 3/4
BW Traders should go long if a close over 321 3/4 occurs
December Corn
Recommended Open Position Long 299 3/4
Resistance should appear near 314 3/4 to 315 3/4 and 326 1/4 to 327
Support is at 304 1/2 to 303 3/4 and 299 to 297 1/4
BW Traders should go long if a close over 316 1/4 occurs.
July CBOT Wheat
Recommended open position long 402 1/2
Support should appear near 380 3/4 to 379 1/2 and 374 1/4 to 373
1/2
Resistance should appear
near 390 3/4 to 392 3/4 and 398 1/4 to 399 1/4
Trade Accordingly and Stay tuned for updates
The Satisfying Softs
July the ‘Monster’ Coffee
Support is near the 7140 and 7090 to 7075 .. below that buyers should appear
near 7005 to 6990 and 6755 to 6740 BW Traders can buy at 6765 and hold for higher prices.. risk a close under 6655
for three days in a row.
Resistance should appear near 7240 to 7255 and the 7325 to 7345
region.
BW Traders should go long if a close over 7265 occurs.
July Cocoa
Support is at 1377 and 1346 to 1334. Below that buyers should
appear near 1274 to 1268 where it should hold .BW Traders can buy at 1277 and risk a
close under 1227 for three days in a row.
Resistance is at 1415 to 1421 and 1453 to 1459
July
Sugar
Support should appear near 704 and 686 to 682
Resistance should appear near 712 and 735 to 739
July Cotton
Recommended open Position Long at 6380
Support
should appear near 6190 to
6165 and 6115 to 6105
Resistance should appear near 6270 then 6335 to 6350 and 6415 to 6430
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 27th, 2004
2:30 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
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved
Recommended Open BW Positions
Short June Swiss Franc 7657
Short June British Pounds 17651
Short June Canadian Dollars 7373
Long 2 June SP500 1126.30 avg
Short June Gold 391.7
Short July Copper 1.2260
Long July Hogs 7140
Short July Soybean Oil 3135
Long December Corn 299 3/4
Long July Wheat 402 1/2
Long July Cotton 6380