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Morning Comments Wed April 20th 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
Tuesday April 19th, 2005
1:30 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance is near 10185 and 10320 to 10360
Support should appear near 10136 to 10104 and 10037 to 10021
June SP500
Recommended Open position Long at 1180.6
Resistance should appear near the 1164.00 to 1169.00 region
Support should appear near 1150.00 and the 1136.00 to 1130.00 region.
Nasdaq Composite
Support should appear near 1909 to 1902
Resistance should appear near 1946 to 1953
June Mini Nasdaq 100
Recommended Open Position Long 1422
Resistance should appear near 1446 to 1453
Support is at 1421 to 1415
June Mini Russell 2000
Recommended Open Position Long at
595.80
Support is at 588 to 585.5 and 580.5 to 579.2
Resistance is at 602.3 to 603.5 and 610.10 to 611.3
June 10 Year T-Note
Resistance should appear near 111-22 and 112-07
Support at 111-07 and 110-22 .
The Frenzied Forex Front
June Yen
Recommended open position short at 9315
Resistance should appear near 9429 to 9445
Support should appear near 9347 to 9316
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 13040 and 12890.
Resistance should appear near 13100 and 13165
June Swiss Franc
Recommended open position short at 8277
Resistance should appear near 8560 to 8589 and 8668 to 8683
Support should appear near 8499 to 8484 and 8406 to 8391
June British Pound
Support should appear near 19090 to 19020 ..
Resistance should appear near 19460 to 19530
June Canadian Dollar
Support should appear near 8044 to 8029
Resistance is at 8119 to 8134
June Aussie Dollar
Resistance
should appear near 7689 and 7763 to 7777.
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 437 to 438.1
Support is at 431.5 to 430.4
July Copper
Support
should appear near 14590 to 14530
Resistance should appear near 14840 to 14960.
July Silver
Support should appear near 717.5 to 714 and 700.5 to 699.0
Resistance is at 732.5 to 734.5 and 741.5 to 742.5
The Exciting Energies
May Crude Oil
Resistance should appear near 5259 to 5282 and 5344 to 5356
Support should appear near 5139 to 5127 and 4995 to 4973
May Unleaded Gas
Resistance should appear near 16090 to 16150 and 16420 to 16550
Support should appear near 15350 to 15290 and 14960 to 14840
May Heating Oil
Resistance should appear near 15290 to 15350 and 15690 to 15760
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 8560 to 8592 and the 8762 to 8777 region
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 7602 to 7592
Resistance should appear near 7762 to 7777 then 7837 to 7867 and the 7937 to 7957 region.
BW Traders can sell at 7932 and risk a close over 8067 for three days in row.
July Pork Bellies
Resistance should appear near 8757 to 8777 and the 8857 to 8872 region
Support should appear near 8682 to 8667 and 8592 to 8562 region
The Grande’ Grains
July Soybeans
Support is at 635 to 633 1/2 and the 627 to 625 3/4 region.
Resistance should appear near 641 3/4 to 643 and the 657 3/4 to 659 1/2 region .
July Soymeal
Support should appear near 195.3 to 194.6 then 190.9 to 190.2 and the 186.5 to 185.8 region
Resistance should appear near 203.4 to 204.2 and 212.6 to 213.4 . BW Traders can sell at 212.4 and risk a close over 222.9 for three days in a row. BW Traders should go short if a close under 185.7 occurs
July Soybean Oil
Resistance should appear near 2315 to 2322 and 2354 to 2370
Support should appear near 2275 to 2267 and 2226 to 2219
July Corn
Support should appear near 213 1/2 to 212 3/4.
Resistance is at 2181/2 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..
Support should appear near 315 3/4 to 314 3/4 and 304 1/2 to 303 3/4
The Satisfying Softs
July 'The Monster' Coffee
Recommended open position Long 2 at 117.60 avg
Support should appear near 12030 to 11920 and 11690 to 11640 .
Resistance should appear near 12320 to 12380 and the 12680 to 12740 region
July Cocoa
Recommended open position short at 1562
Support is at 1535 to 1529
Resistance is at 1569 to 1576 .
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 5355 to 5345 and 5285 to 5255 .
Resistance should appear near 5490 to 5505 and 5555 to 5575
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
Tuesday April 19th, 2005
3:30 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 1422
Long June Mini Russell 595.8
Short June EC 12844
Short June Japanese Yen 9315
Short June Swiss Francs 8277
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 2 July Coffee 117.60 avg
Long July Cotton 5435