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Morning Comments Thursday March 31st 2005
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
Wed March
30th, 2005
2:50 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance is
near 10580 to 10680
Support should appear near 10360 to 10320
Recommended open position long 2 at
1177.30 avg
Resistance should appear near 1192.00 to 1203.00.
Support
should appear near 1180.50 and 1169.00 to 1164.00.
Nasdaq
Composite
Support should appear near 1996 to 1982 .
Resistance should appear near 2034 to 2042
June
Mini Nasdaq 100
Recommended open position Long at 1499.50
Resistance should appear near 1529 to 1535
Support is at 1496 to 1484 and 1459 to 1453 , a slip under augurs for a test of 1421 to
1415 .
BW Traders can buy at 1422 for a bounce and risk a close under 1412 for
three days in a row. .
June
Mini Russell 2000
Support is at 611.3 to 610.1 and 603.5
to 602.3 which should contain a decline… Below that buyers should appear near
595.7 to 594.5 .. BW Traders can buy at 603.6 and risk a close under 593.4 for
three days in a row..
Resistance is at 616.5 to 619. A close over is friendly and augurs
for a test of 633.70 to 635.00
BW Traders should go long if a close over 619.7 occurs.
June 10 Year T-Note
Resistance should appear near 109-07 then 109-22 and 110-07
Support should appear near
108-22 then 108-07 and 107-22
The Frenzied Forex Front
June Yen
Recommended open position Long at 9349
Resistance should appear near 9429 to 9445 and 9526 to 9542
Support should appear near 9347 to 9316 then 9237 and the 9156 to 9140 region. ..
BW Traders should go long if a close over 9547 occurs.
June Euro Currency (EC)
Recommended open position short at 12900
Support should appear at 12890 and
12750 to 12680
Resistance should appear near 13040 to 13100. BW Traders can sell at
13037 and risk a close over 13142 for three days in a row,
June Swiss Franc
Recommended open position short at 8390
Resistance should appear near 8391 to 8406 and 8484 to 8499
Support
should appear near 8314 to 8300 , a close under augurs for a test of
8223 to 8194
BW Traders should go short if a close
under 8299 occurs
June British Pound
Support should appear near 18650 to 18580 and the 18220 to 18080 region. .
Resistance should appear near 18836, beyond that 19020 to
19090 should cap a rally. .
June Canadian Dollar
Recommended open position short at 8190
Support should appear near
8223 to 8194 and 8134 to 8119
Resistance is at 8300 to 8314
and 8391 to 8406
June Aussie Dollar
Resistance should appear near 7675 to 7689 and the 7763 to 7777 region
Support should appear at 7601 to 7587, below that a test of 7513 to 7486
is likely.
BW Traders should go short if a close under 7587 occurs.
Precious Metals
June Gold
Recommended open position Short at 430.3
Resistance should appear at 430.40 to 431.5 and 437 to 438.1.
Support is at 424.9 to 423.8 , a close under augurs for a test of 418.3
to 416.3 ..
BW Traders should go short if a close under 423.8 occurs.
May Copper
Recommended open position short at 14435
Support should appear near 14590
to 14530 and 142.1
to 141.5 .
Resistance should appear near
14960.
Beyond that sellers should appear near 15290 to 15350 ..
BW Traders can sell at 152.70 and risk a close over 1.5830 for three days in a
row
BW Traders should go short if a close under 145.30 occurs.
May Silver
Support should appear near 700.5 to
699.0 and 683.5
to 680.5..
Resistance is at the 714.5 to 717.0 region. Beyond that sellers
should appear near 732.5 to 734.5
BW Traders can sell at 732 and risk a close over 744 for three days in a row.
The Exciting Energies
May Crude Oil
Resistance should appear
near 5490 to 5504 and 5553 to 5577
Support should appear near
5356 to 5344 and 5282 to 5259.
May Unleaded Gas
Resistance should appear 16150 then 16420 to 16550 and the 168790 to 16960 region.
BW Traders can sell at 16880 and risk a close over 17380
for three days in row.
Support should appear near the 15760
to 15690 region.. A close under augurs for a test
of 15350 to 15290 .
May Heating Oil
Resistance should appear near 15690 to 15760 and the 16090 to 16150 region.
Beyond that sellers
should appear near
16420 to 16550, which should cap a rally .
Support should appear near 15350 to 15260 and 14960 to 14840.
The Lively Livestock
June
Cattle
Support should appear near 8502 to 8482 and 8407 to 8392.. A close under is
negative and augurs for a test of 8317 to 8302
Resistance is at 8592 and the 8667 to 8682 region. Beyond
that sellers should appear near 8762 to 8777.. BW
Traders can sell at 8762
for a turn lower and risk a close over 8977 for three
days in row
BW Traders should go short if a close under 8387 occurs
June
Hogs
Recommended open position Short at 7950
Support is at 7867 to 7837 and 7777 to 7762, a close under augurs for a test of
7692 to 7672
Resistance should appear near 7937 to 7957 and the 8027 to 8047 region.
BW Traders should go short if a close
under 7757 occurs.
May Pork Bellies
Recommended open position short at 9137
Resistance should appear near
9622 to 9642 and 9707 to 9737
Support is at 9542 to 9527
and the 9447 to 9427 region
--Stay tuned for Updates and Flashes --
The Grande’ Grains
May Soybeans
Support is at 635
to 633 3/4 and 627 to 625 3/4
Resistance should appear near 648 1/4 to 650 3/4 and the 657 to
659 1/4 region
May Soymeal
Support should appear near 190.9 to 190.2 and 186.5 to 185.8
Resistance should appear near 203.4 to 204.2 and
the 208 to 208.9 region
May Soybean Oil
Recommended open position long at 2353
Resistance should appear near the 2354 to 2370 and
2411 to 2419..
Support
should appear near 2322 to 2315 and 2275 to 2267. BW Traders can buy
at 2276 for a turn higher
and risk a close under 2170 for three days in a row.
May Corn
Support should appear near 208 3/4 to 208 and the 204 1/4
to 203 1/2 region.
Resistance is at 212 3/4 to 213 1/2 and the 217 to 218 1/2
region
May
CBOT Wheat
Resistance should appear near the 337 3/4 to 338 3/4 and 342 1/2
to 344 1/4 . Beyond that sellers should appear near and
349 1/4 to 350 1/4 and the 355 ¼ to 356 1/4 , which should cap a rally. BW
Traders can sell at 354 3/4 and risk
a close over 362 3/4 for three days in a row,
Support should appear near 332 3/4 to 331 3/4 region . A close
under augurs for a test of 327 to
326 1/4 and
eventually the 315 3/4 to 314 ¾ region.
BW Traders should go short if a close under 331 ¾ occurs.
Trade Accordingly –
The Satisfying Softs
May
'The Monster' Coffee
Recommended open position Long at 12600
Nearby Support should
appear near 12380 to
12320 and the 12030 to
11920 region
Resistance should appear near 12680 to 12740 and the 13040 to 13100
region.
July 'The Monster' Coffee’
Recommended open position Long 2 at 12360
Nearby Support should
appear near 12740 to
12680 and the 12380 to
12320 region
.
Resistance should appear near 13040 to 13100 and 13340 to 13460
May
Cocoa
Support is at 1576 to 1569 and the 1535 to 1529 region
Resistance is at 1609 to 1615 and 1642 to 1655
July
Sugar
Support should appear near 852 to 847
and 823 to 814
Resistance should appear near 877 to 882 and 907 to 912
July
Cotton
Recommended open position Long at 5305
Support should appear
near 5430 to 5415 and 5355 to 5345
Resistance should appear near 5490 to 5505 and the 5555 to 5575
region.
Trade Accordingly.. .
- 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
4:20 PM South Florida Beach Time
BW Recommended Open Positions
Long 2 June SP500 1177.30
Long June Mini Nasdaq 1499.50
Long June Yen 9349
Short June EC 12900
Short June Swiss Francs 8390
Short June Canadian Dollars 8190
Short June Gold 430.3
Short May Copper 144.35
Short June Hogs 7950
Short June Hogs 7800 / Long August Hogs 7322
Short May Pork Bellies 9137
Long May Bean Oil 2352
Long May Coffee 12600
Long 2 July Coffee 12360
Long July Cotton 5305