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 Friday May 21st 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
“Accomplishments
will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-
Thursday May 20th 2004
4:15 PM. West Palm Beach Time
The Frenzied Forex Front
June Yen
Resistance should appear near 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
then 11805 and the 11690 to 11640 region .
Resistance is at 11975 to 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 the 7762
and the 7689 to 7675 region
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 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.
Resistance is at 7328 to 7342
BW Traders should go short if a close under 7137 occurs..
June Aussie Dollar
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 and 1115.50
Support should appear near 1082.00 and the 1068.00 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 109-22 and 110-07
Support
is
at 109-07 then 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 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 11690 to 11640
Resistance should appear near 11960 to120.30 and 12320 to 12380
July Silver
Support should appear 565.5 to 564.0 and 557.6 to 555.5
Resistance is at 585.5 to 588.5 and 602.5 to 603.5
The Exciting Energies
July Crude Oil
Resistance should
appear near 4110 to 4120 and 4163 to 4183
Support is at 3992 to 3982 and 3929 to 3909
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
10320 to 10360 and 10580 to 10680
Support should appear near 10135 to 10105 and 9935 to 9920
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 7342 to 7327 and 7257 to 7242
Resistance is at 7412 to 7432 and 7487 to 7512
August Hogs
Support is at 7257 to 7242
Resistance is at 7327 to 7342 and 7412 to 7427
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
288 1/4 to 287 1/2
Resistance is
at 297 1/4 to 299
July Soybeans
Resistance
is at 840 3/4 to 839 1/4
Support is at 885 3/4
to 887 1/4
November Beans
Support is at 683 3/4 to 680 3/4 and 667 1/4 to 665 3/4
Resistance is at 690 3/4 to 691 3/4
and 714 to 717
July Soymeal
Support should appear near 277.5 to 275.8 and 272.4 to 271.6
Resistance should appear near 287.4 to 288.3 and 292.8 to 293.7
July Soybean Oil
Resistance should appear near 2928 to 2937
Support
should appear near 2775 to 2758
July CBOT Wheat
Support should appear near 368 1/4 to 366 1/4
Resistance should appear
near 373 1/2 to 374 1/4
The
Satisfying Softs
July the ‘Monster’ Coffee
Recommended Open position long 3 at 7205 avg
Support is near 7140 and 7090 to 7075
Resistance should appear near 7240 to 7255
July Cocoa
Recommended open position Short at 1374
Support is at 1383 to 1377
Resistance is at 1421 and 1453 to 1459
July
Sugar
Recommended Open Position Short at 655
Support should appear near 634 to 630.
Resistance should appear near 656 to 661
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
Thursday May 20th , 2004
5:40 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
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
Short July Cocoa 1374