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Monday May 10th , 2004

Sunday May 9th   2004
5:00 AM. West Palm Beach Time  

Open BW Positions

The Frenzied Forex Front 

June Yen
Resistance should appear near 8871 to 8856 and 8777 to 8762, BW traders can buy at 8877 for a turn higher
and risk a close under 8752 for three days in a row.   Below that buyers should appear near the 8683 to 8668 region...
Support should appear near 8934 to 8964 and 9060 to 9044  

June Euro Currency (EC)
Recommended Open Position Short 11883
Support should appear at 11805 .,. An extended trade under augurs for a test of the 11690 to 11640 region. 
Resistance is at 11920 to 11960 and 12030..

June Swiss Franc
Recommended open position Short 2 at 7748 avg 
Resistance should appear near  7763 to 7777 and 7836 to 7864 
Support should appear near 7689 to 7675 and the 7601 to 75867 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
Recommended Open Position Short 7222 region. 
Support should appear near  7170 to 7143. 
Resistance is at 7242 to 7255 and 7328 to 7342.

June Aussie Dollar
Recommended Open Position Short 7022
Support should appear near 7003 to 6990 and 6919 to 6906
Resistance should appear at 7074 to 7088 and 7143 to 7170

                                              The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10185 and the 10320 to 10380 region
Support should appear near 10104 and the 10037 to 10021 region, 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 1096.00 to 1101.00 
Support should appear near 1082.00 and 1068.00 to 1058.00 

Nasdaq Composite
Support should appear near 1909 to 1902 and 1865 to 1858  
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 108-22  and 109-07.
Support is at 107-22 and 107-07

Precious Metals

June Gold 
Recommended Open Position Short 2  at 385.2 avg
Resistance should appear at 385.8 to 386.7 and 390.9 to 392.9
Support is at 374.3 to 373.4 and 368.2 to 366.3  

July Copper
Recommended Open Position Short 119.00
Support should appear near 11805 and 11690 to 11640 , below that a test of 1136 to 11300 is likely.  
Resistance should appear near 11920 to 12030 and 12175 . Beyond that sellers should appear near 12320 to 12380.

July Silver
Support should appear near 535.5 to 534.5 and the 514.0 to 512.5 region
Resistance is at 564.0 to 565.5 and 571.5.to 573.0

                                                                                        The Exciting Energies

June Crude Oil
Resistance  should near 4046 to 4056 and 4110 to 4120, which should cap the rally…BW Traders can sell at 4044 and hold for lower prices
Support is at 3929  to 3909 and 3867 to 3858 and the 3806 to 3795 region.

June Unleaded  Gas
Resistance should appear near 13460 and 13770 to 13830
Support should appear near 13100 to 13040 and 12740 to 12680

June Heating Oil
Resistance should appear near 10320 to 10360 and 10580  to 10680 
Support should appear near 10050 to 10000 and 9940 to 9920

                                                    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 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 11640  to 11690 and 11805
Support  is at 11500 and 11360 to 11300

                ---  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 
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 1032 to 1036 and the 1058 to 1068 region. 
Support should appear at 1013 3/4 to 1010 1/2 and the 1003 3/4 to 1002 1/2 region.   

July Soymeal
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
Resistance should appear near 3377 to 3386 and 3425 to 3443 .
Support should appear near  3270  to 3261 and 3213 to 3194, which should contain a decline.   
                                  
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 7005 to 6990 and 6920 to 6905 
Resistance should appear near 7075 to 7090 and 7145 to 7170 

July Cocoa 
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  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 6350 to 6335  and 6270 to 6255 
Resistance should appear near 6575 to 6590 and the 6655 to 6670 region

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
Sunday May 9th, 2004
6:20 AM  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 June EC 11883
Short 2 June Swiss Franc 7748 avg
Short  June  British Pounds  17651
Short June Canadian Dollars 7222
Short June Aussie Dollars 7022
Long  3 June SP500 1126.30 avg 
Short  2  June Gold 385.2 avg
Short July Copper 11900 
Long 2  July Corn 319 1/4 avg 
Long July Coffee 7220
Long July Cotton 6380