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Morning Comments Friday April 1st 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
Thursday March
31st, 2005
3:00 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 10470 and 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 1496 and 1529 to 1535
Support is at 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 109-22 then 110-07 and 110-22
Support should appear near 109-7
then 108-22 and 108-07
The Frenzied Forex Front
June Yen
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 2 at 12968
Support should appear at 12890 and
12740 to 12680
Resistance should appear near 13040 to 13100.and 13160
June Swiss Franc
Recommended open position short at 8390
Resistance should appear near 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 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 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 14960
to 14840 and 14590
to 14530 .
Resistance should appear near 15290 to 15350
and 15690 to 15760
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 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 5553 to 5577 and 5716 to 5720
Support should appear near
5430 to 5418 and 5356 to 5344
May Unleaded Gas
Resistance should appear near
the 16890 to 16960 region. BW Traders can sell at 16880 and risk a close over
17380
for three days in row. Beyond that 173.1 to 1732.5 should cap the rally
Support should appear near the 16150
to 16090 and the 15760
to 15690 region.
.
May Heating Oil
Resistance should appear near the
16090 to 16150 region.
Beyond that sellers
should appear near 16420 to 16550
Support should appear near 15760 to 15690 and 15350 to 15260
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 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 619
to 616.5 and 611 1/4 to 610 1/4
Resistance should appear near 625 3/4 to 627 and 633 3/4 to
635
May Soymeal
Support should appear near 186.5 to 185.8 and 182.2 to 180.8
Resistance should appear near 190.2 to 190.9 and 194.6 to 195.3
May Soybean Oil
Resistance
should appear near the 2315 to 2322 and 2354 to 2370 ..
Support
should appear near 2275 to 2267.and the 2226 to 2219 region. 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
Resistance is at 213 1/2 and the 217 to 218 1/2
region
May
CBOT Wheat
Recommended open position Short 331
Resistance should appear near 331 3/4 to 332 3/4 then 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 327 to
326 1/4 and the 315 3/4 to 314 ¾ region.
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 1615 and 1642 to 1655
July
Sugar
Support should appear near 882 to 887
Resistance should appear near 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
4:00 PM South Florida Beach Time
BW Recommended Open Positions
Long 2 June SP500 1177.30
Long June Mini Nasdaq 1499.50
Short 2 June EC 13037
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
Short May Wheat 331
Long May Coffee 12600
Long 2 July Coffee 12360
Long July Cotton 5305