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Friday May 7th 2004
Serving Professional and Individual Traders World Wide since 1988
7690
Rockport Circle , Lake Worth , Florida 33467 - USA and Canada
Toll Free : 1-866-409-3890 - Intl : 1- 561-433-2995
http://www.futurescom.com
Thursday May 6th 2004
1:00 PM. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9144 to 9156 and 9237
Support should appear near 9060 to 9044
June Euro Currency (EC)
Recommended Open Position Short 12174
Support should appear at 12030 and 1.1920, a close under augurs for a test of 11805
and eventually the 11690 to 11640 region.
Resistance is at 12175..Beyond that sellers should appear near 12320 to
12380
Aggressive BW Traders should
go short if a close under 11917 occurs
June Swiss
Franc
Recommended open position Short 3 at 7751 avg
Resistance should appear near 7836 to 7864 and the 7939 to 7954 region
Support
should appear near 7777 to 7763 and the 7689 to 7675 region.
June British Pound
Recommended open position Short 17651
Support should
appear near 17800 to 11740 and 17560 and the
Resistance should appear near the 18080 to 18150 region .. Beyond that 18220 should provide
resistance .
BW Traders can sell at 18132 to a turn lower and risk a close over 18232 for
three days in a row
BW Traders should go short if a close under 17552 occurs.
June Canadian Dollar
Support should appear near
7242 and the 7170 to 7143 region.
Resistance is at 7328 to 7342 then
7414 to 7428 and the 7486 to 7513 region.. Below Traders can sell at 7409 and
risk a close over 7518 for three days in a row. BW Traders should go short if a close under 7237 occurs..
June Aussie Dollar
Support should appear near 7170 to 7142 and 7088 to 7074
Resistance should appear at 7242 to 7255 and 7328 to 7344
Aggressive BW Traders should go short if a close under 7137 occurs..
The Sensational Stock and Bond Markets
Dow
Jones Industrial Average
Resistance should appear near 10320 to 10380
Support should appear near 10136 to10104, which should hold
and contain a decline for the time being. Below that if the crazies come out of
the woodwork a decline into the 9937 to 9921 region is possible and would
provide a good buying chance..
June SP500
Recommended open position Long 3 at 1126.30 avg.
Resistance should appear near 1130 .00
to 1136.00
Support should appear near 1101.00 to 1096.00
Nasdaq Composite
Support should appear near 1909 to 1902
Resistance should appear near 1946 to 1953
June Mini Nasdaq 100
Resistance is at 1415 to 1421
Support is at 1383 to 1377
June
10 Year T-Note
Resistance should
appear near 110-07 and 110-22.
Beyond that sellers should appear near 111-07
Support is
at 109-22 then 109-07
Precious Metals
June Gold
Recommended Open Position Short at 391.7
Resistance should appear at 390.9 to 392.9 and 398.2 to 399.2
Support is at 386.70 to 385.80 and the 380.6 to 379.5 region
BW Traders should go short if a close under 385.4 occurs.
July Copper
Support should appear near 123.2 and 120.30 to 119.20
Resistance should appear near the 12680 to 12740
region. Beyond that sellers should appear near 13040 to 13100.
BW Traders can sell at 13030 and risk a close over 13510 for three days in
a row
Aggressive BW Traders should go short if a close under 11910 occurs.
July Silver
Support should appear 558 to 555.5 and the 535.5 to 534.5 region
Resistance is at 594.5 to 595.5 then 616.5 to 619 and 625.5 to 627.0
The Exciting Energies
June
Crude Oil
Resistance should
appear near 3982 to 3992 and
the 4046 to 4056 region, which should cap the rally…BW Traders can sell at 4044 and hold for lower prices
Support is at 3929 to
3909 and 3806 to 3795
June Unleaded
Gas
Resistance should appear
near 13340 to 13460
Support should appear near 12740 to
12680
June Heating Oil
Recommended open position short 9705
Resistance should appear near 10105 to 10135
and 10320 to 10360
Support should appear near 9835 to 9820 and 9735 to 9705
The Lively Livestock
June Cattle
Support should appear at 8407 to 8392 and 8227 to 8192
Resistance is at 8487 to 8502 then 8562 to 8587 and 8667 to 8682
June Hogs
Support is at 7342 to 7327 and 7257 to 7242
Resistance is at 7417 to 7432 and 7487 to 7512
BW Traders should go short if a close under 7232
occurs.
July Hogs
Support
is at 7487 and 7432 to 7417....BW Traders can buy at 7417 and risk a
close under 7317 for three days in a row.
Resistance is at 7587 to 7602 and 7672 to 7692
July Pork Bellies
Resistance should appear near 11300 to 11360 and 11497
Support is
11010 to 10960
---
Traders should stay tuned for BW Updates and Flashes in the Livestock
markets ---
The
Grande’ Grains
July Corn
Recommended Open Position Long 2 at 319 1/4
Resistance
should appear near 314 3/4 to 315 3/4
Support
is at 3101/4 to 309 1/4
December Corn
Recommended Open Position Long 299 3/4
Resistance should appear near 309 1/2 to 310 1/.4 .
Support is at 304 1/2 to 303 3/4 and
299 to 297 1/4
July Soybeans
Resistance is at 1010 1/2 to 1013 3/4 and 1032 to 1036
Support should appear at 1003 3/4 to 1002
1/2 and 993 3/4 to 992 1/4
July
Soymeal
Recommended Open position Long 321.6
Support should appear near 321.3 to 319.4 and 310.2 to 309.2
Resistance should appear near 326.1 to 327.0
and the 331.9 to 332.6 region.
July Soybean Oil
Recommended Open Position Short at 3135
Resistance should appear near 3261 to 3270 and 3319 to 3328.
Support should appear near 3213 to 3194 region, which should contain a
decline.
Stay tuned for BW Flashes and Updates..
July CBOT Wheat
Support
should appear near 399 1/2 to 398 1/4 and 392 3/4 to 390 3/4
Resistance should appear near 411 to 412 and 416 1/4 to
418 1/4
Trade Accordingly and Stay tuned for updates
The
Satisfying Softs
July the ‘Monster’ Coffee
Recommended Open position long at 7220
Support is near 7090 to 7075 and 7005 to 6990
Resistance should appear near 7145 to 7170 and 7240 to 7255
July Cocoa
Recommended open position short at 1385
Support is at 1346 to 1334 and 1310 to 1304
Resistance is at 1377 to 1383 and 1414 to 1428
July Sugar
Recommended Open position Short at 662
Support should appear near 661 to 656 and 634 to 630.
Resistance should appear near 682 to 686 and 704 to 712
July Cotton
Recommended open Position Long at 6380
Support
should appear near 6025 and 5955 to
5945
Resistance should appear near 6165 to 6190 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
Thursday May 6th, 2004
1:55 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 3 June Swiss Franc 7657 avg
Short June British Pounds 17651
Long 3 June SP500 1126.30 avg
Short June Gold 391.7
Short June Heating Oil 9705
Long July Soymeal 321.6
Long 2 July Corn 319 1/4 avg
Long December Corn 299 3/4
Long July Coffee 7220
Short July Cocoa 1384
Long July Cotton 6380