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


Wednesday May 19th  2004

" We can easily forgive a child who is afraid of the dark. 
The real tragedy of life is when men are afraid of the light "
-- Plato --

Wed  May 19th   2004
7:15 PM. West Palm Beach Time  

Open BW Positions

                                    The Frenzied Forex Front
June Yen
Resistance should appear near  8856 to 8871 and 8934 to 8964
Support should appear near 8777 to 8762 and 8683 to 8668.

June Euro Currency (EC)
Recommended open position Short 2 at 11928 avg
Support should appear at  11920 and 11805..
Resistance is at  12030 and 12175
Aggressive BW Traders should go short if a close under 11802 occurs

June Swiss Franc
Recommended open position Short  2 at  7783 avg
Resistance should appear near 7836 to 7864 and 7939 to 7954
Support should appear near 7777 to 7762 and the 7689 to 7675
Aggressive  BW Traders should go short if a close under 7669 occurs

June British Pound
Recommended open position Short 17512
Support  should appear near the 17740 and 1.7360 to 1.7310..
Resistance should appear near  17800 and 17960  .

June Canadian Dollar
Recommended open position Short 7241
Support should appear near  7255 to 7242 and 7170 to 7143.
Resistance is at 7328 to 7342 
BW Traders should go short if a close under 7137 occurs..

June Aussie Dollar
 Recommended open position Short at 6987
Support should appear near.6919 to 6909 and 6836 to 6809 .
Resistance should appear at 6990 to 7003 
 

                                              The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near 9937 to 9921 and 9837 to 9821 .

June SP500
Recommended open position Long 3 at 1122.90 avg.
Resistance should appear near 1096 to 1101.
Support should appear near  the1068.00 to 1058.00 region
Aggressive BW Traders should go long if a close over 1101.10 occurs.

Nasdaq Composite
Support should appear near 1865 to 1858.
Resistance should appear near 1902 to 1909

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 109-07 and 109-22
Support is at 108-22 and 108-08

Precious Metals

June Gold
Recommended Open Position Short at 378.8
Resistance should appear at 385.8 to 386.7
Support is at 380.6 to 379.5 and 374.3 to 373.4
BW Traders should go short if a close under 372.9 occurs.

July Copper
Recommended Open position Short 11445
Support should appear near 11920  and 11690 to 11640 
Resistance should appear near 120.30 and 12320 to 12380 

July Silver
Support should appear 588 to 585.5 and 565.5 to 564.0.
Resistance is at 602.5 to 603.5 and 616.5 to 619.0 

                                The Exciting Energies
July Crude Oil
Resistance  should appear near 4163 to 4183 and 4238 to 4249
Support is at 4120 to 4110 and 4056 to 4046 

July Unleaded  Gas
Resistance should appear near 13770 to 13830 and 141.5 to 142.1 
Support should appear near 13460 to 13340 and 13100 to 13040

July Heating Oil
Resistance should appear near 10580 to 10680 and 10960 to 11010 
Support should appear near 10360 to 10320 and 10135 to 10105

                                                    The Lively Livestock

August Cattle
Support should appear at 8502 to 8482 and 8407 to 8392 
Resistance is at 8562 to 8592 and 8667 to 8682 

July Hogs
Support is at 7427 to 7412 and 7342 to 7327 
Resistance is at 7487 to 7512 and 7587 to 7602 

August Hogs
Support is at  7342 to 7327 and 7257 to 7242   
Resistance is at 7412 to 7427 and 7487 to 7512 

July Pork Bellies
Resistance should appear near 11302 to 11362 
Support  is 11012 to 10962

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

 

                                           The Grande’ Grains
July Corn
Support should appear near 293 3/4 to 292 3/4 .   
Resistance  is at 303 3/4 to 304 3/4 

July Soybeans
Resistance is at 914 to 915 3/4 and 931 3/4 to 934 3/4  
Support is at 906 to 904 1/2 and 887 1/4 to 886 3/4  

November Beans
Support is at 691 3/4 to 690 3/4 and 683 3/4 to 680 3/4
Resistance is at  714 to 717 and the 732 3/4 to 734 1/4 region

July Soymeal
Support should appear near 293.7 to 292.8 and 288.3 to 287.4  
Resistance should appear near 303.6 to 304.6 and 309.2 to 310.2 

July Soybean Oil
Resistance should appear near 2990 and 3036 to 3045 and 3092 to 3102 
Support should appear near 2937 to 2928 and 2883 to 2874
                      

July CBOT Wheat
Support should appear near 374 1/4 to 373 1/2 and 368 1/4 to 366 1/4  
Resistance  should appear near 379 1/2 to 380 3/4 and 385 3/4 to 386 3/4

                                 The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open position long 3 at  7205 avg
Support is near 7255 to 7240 and 7170 to 7140
Resistance should appear near  7325 to 7340 and 7415 to 7430 

July Cocoa 
Support is at 1310 to 1304 and 1274 to 1268 under that  1238 to 1232 should hold. ..
BW  Traders can buy at 1242 and risk a close under 1159 for three days in a row.
Resistance is at 1334 to 1346 and 1377 to 1383 .BW Traders can sell at 1374 and risk a close over 1432 for three days in row.

July Sugar
Recommended Open Position Short at 655
Support should appear near 634 to 630. 
Resistance should appear near 656 to 661and 682 to 686

July  Cotton
 Support should appear near 6350 to 6335 and 6270 to 6255  
Resistance should appear near 6415 to 6430 and 6485 to 6510 

-A Ship in Harbor is Safe...But that is not what ships are built for -

Happy Trading!    
Bill  wil@futurescom.com

1-866-409-3890

Wed May 19th , 2004
7:45 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 2 June  EC 11928 avg
Short 2 June Swiss Franc 7783 avg
Short  June  British Pounds  17512
Short June Canadian Dollars 7241
Short June Aussie Dollars 6987
Long  3 June SP500 1122.90 avg 
Short  June Gold 378.8
Short July Copper 11445 
Long 3  July Coffee 7205 avg
Short July Sugar 655