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FuturesCom Investment Publications
Morning Comments Friday April  15th 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 April 14th,  2005
2:00  PM  Eastern time   

Open BW Positions   


                                       The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance is near 10320 to 10360 and 10470 
Support should appear near 10257 and 10185  

June SP500
Recommended Open position Long at 1180.6
Resistance should appear near 1180.5 and 1192.00 to 1203.00
Support should appear near  1169.00 to 1164.00.and 1150.00 

Nasdaq Composite
Support should appear near 1953.00 to 1946.00 .   
Resistance should appear near 1982.00 to 1996.00

June Mini Nasdaq 100  
Recommended Open Position Long at 1499.50
Resistance should appear near 1453 to 1459 .
Support is at 1421.00 to 1415.00 ..BW Traders can buy at 1422.00 for a bounce and 
risk a close under 1412.00 for three days in a row. .

June Mini Russell 2000
Recommended Open Position Long 2 at 608.70
Support is at 595.70 to 594.50 and the 588 to 585.50 region 
Resistance is at 602.3 to 603.5  

June 10 Year T-Note  
Resistance should appear near 110-22 which  should cap the rally
Support  at  109-22 and 109-07 .   

                              The Frenzied Forex Front

June Yen
Recommended open position short at 9315
Resistance should appear near 9316 to 9347 and 9429 to 9445 
Support should appear near 9156 to 9140 and 9062 to 9042 
BW Traders should go short if a close under 9237 occurs

June Euro Currency (EC)
Recommended open Position short at 12844
Support should appear at the 12740 to 12680 region. 
Resistance should appear near 13040 to 13100 .

June Swiss Franc
Recommended open position short 2 at 8334 avg
Resistance should appear near the 8300 to 8314 and 8391 to 8406.
Support should appear near 8223 to 8194 and the 8134 to 8119 region  

June British Pound
Support should appear near 18650 to 18580 ..
Resistance should appear near 19020 to 19090

June Canadian Dollar
Support should appear near 8044 to 8029, a slip under augurs for a test of  below that a test of 7954 to 7939. 
Resistance is at 8119 to 8134 and 8194 to 8223  BW Traders should sell at 8194 and risk a close over 8231 for three days in a row  

June Aussie Dollar
Resistance should appear near  t7675 to 7689 and the7763 to 7777 region.  
Support should appear at 7601 to 7587 and the 7513 to 7486 region     BW Traders should go short if a close under 7587 occurs.

Precious Metals

June Gold  
Resistance should appear at  430.4 to 431.5 and 437 to 438.1 
Support is at 424.9 to 423.8 and the 418.3 to 416.3 region 
BW Traders should go short if a close under 423.8 occurs.

July Copper
Support should appear near 14210 to 14150  and 13830 to 13770     
Resistance should appear near 14530 to 14590 and 14840 to 14960.

July Silver 
Support should appear near  700.5 to 699.0  and the 683.5 to 680.5 region. 
Resistance is at 714 to 717.5 and 732.5 to 734.5
                                                  
                                          The Exciting Energies

May Crude Oil
Resistance should appear near  5137 and 5200 to 5210 
Support should appear near 5067 to 5056 then 4995 to 4973 and 4926 to 4915 

May Unleaded Gas 
Resistance should appear near 15290 to 15350 and 15690 to 15760 . 
Support should appear near 14590 to 14530 and 13830 to 13770 

May Heating Oil
Resistance should appear near 14960 and the 15290 to 15350 region. 
Support should appear near 14590 to 14530 and  14210 to 14150 

The Lively Livestock  

 June Cattle
Recommended open Position Short 8350
Support should appear near 8407 to 8392 and 8317 to 8302 
Resistance is at 8482 to 8497 and  8560 to 8592     
BW Traders should go short if a close under 8297 occurs 

June Hogs
Recommended open position Short  2 at 7702 avg
Spread : Short 2  June Hogs 7800 /  2  Long August Hogs  365 avg spread 
Support is at 7692 to 7672 and the 7602 to 7587 region
Resistance should appear near 7762 to 7777 and 7837 to 7867.

July Pork Bellies
Recommended open position short at 9485
Resistance should appear near 8762 to 8777 then 8857 to 8872 and 8937 to 8967.  
Support  should appear near 8682 to 8667 then  8592 to 8560 and the 8502 to 8482 region   

                                The Grande’ Grains
July Soybeans
Support is at 619 to 616 1./2 and 611 1/4 to 610 1/4 
Resistance should appear near  625 3/4 to 627 and 633 3/4 to 635 . 

July Soymeal
Support should appear near 186.5 to 185.8 and 182.2 to 180.8 region..
Resistance should appear near 190.2 to 190.9 and 203.4 to 204.2    
BW  Traders should go short if a close under 185.7 occurs
 
July Soybean Oil
Resistance should appear near 2267 to 2275 and 2315 to 2322 .
Support should appear near 2226 to 2219 and 2185 to 2170

July Corn
Support should appear near 213 1/2 to  212 3/4 and 208 3/4 to 208.
Resistance is at 217 to 218 1/2 and 221 3/4 to 222 3/4

July CBOT Wheat
Recommended open position short July Wheat 318
Resistance should appear near 319 1/2 to 321 1./4 and 326 1/4  to 327.. Beyond that 331 3/4 to 332 3/4 should cap a rally 
.BW Traders can sell at 331 1/4 and risk a close over 339 1/4 for three days in  a row
Support should appear near 315 3/4 to 314 3/4 .then 310 1/4 to 309 1/4 and 304 1/2 to 303 3/4 

 The Satisfying Softs  

July 'The Monster' Coffee
Recommended open position Long at 113.7
Support  should appear near 11360 to 11300 and 11010 to 10960 .
Resistance should appear near 11640 to 11690 and 11920 to 12030 .  
BW Traders should go long if a close over 12035 occurs.

Sept ‘ The Monster' Coffee’
Recommended open position Long at 12235  

July Cocoa 
Recommended open position short at 1562
Support is at 1535 to 1529 and 1496 to 1484   
Resistance is at 1569 to 1576 and 1609 to 1615 .. 

July Sugar
Support should appear 823 to 814 . 
Resistance should appear near 847 to 852  

July Cotton
Recommended open position long at 5435
Support should appear near 5285 to 5255 and 5140 to 5125 .
Resistance should appear near 5345 to 5355 and the 5415 to 5430 region 
BW Traders should go long if a close over 5510 occurs.

- 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 April 14th, 2005
8:25 PM South Florida Beach Time

THIS PUBLICATION IS SUBJECT TO REVISIONS AND 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.
FuturesCom Investment Publications © copyright 1996 – 2005 all rights reserved Terms

BW Recommended Open Positions
Long June SP500 1180.6
Long June Mini Nasdaq  1499.50
Long 2 June Mini Russell  608.70 avg
Short June Japanese Yen 9315
Short June EC 12844
Short 2  June Swiss Francs 8334  avg 
Short June Cattle 8350
Short 2 June Hogs 7702 avg
Short  2 June Hogs 7800 / Long 2  August Hogs avg 365 spread
Short July Pork Bellies 9485
Short July Wheat 318
Short July Cocoa 1562
Long July Coffee 113.70
Long Sept Coffee 12235
Long July Cotton 5435