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FuturesCom Investment Publications
Morning Comments  Friday April  29th,  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 28th,  2005
9:45  PM  Eastern time   

Open BW Positions   

                                                         The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance is near the 10104 to 10136. 
Support should appear near 10037 to 10021.  

June SP500
Recommended Open position Long 1180.6
Resistance should appear near 1164 to 1169
Support should appear near 1136 to 1130

Nasdaq Composite
Support remains near 1865 to 1858
Resistance should appear near 1902 to 1909.

June Mini Nasdaq 100
Recommended open position Long at 1441.5
Resistance should appear near 1415 to 1421 
Support is at 1383 to 1377. BW Traders can buy at 1384 for a bounce and risk a close  under 1359 for three days in a row.   

June Mini Russell 2000
Recommended open position Long 2 at 585.10 avg
Support is at 572.9 to 571.6 then 565.3 to 564.0 and 557.7 to 555.3
Resistance should appear near 579.2 to 580.5 and 585.5 to 588.0 

June 10 Year T-Note  
Resistance should appear near 112-07 and 112-22 
Support  at  111-22  and 111-07.

                                    The Frenzied Forex Front

June Yen
Recommended open Position Short at 9315
Resistance should appear near 9526 to 9542  and 9625 to 9641
Support should appear near 9445 to 9429.and 9347 to 9316

June Euro Currency (EC)
Recommended open positions Short 12844
Support should appear at 12890 and the  12740 to 12680 region 
Resistance should appear near 13040 to 13100 and 13220

June Swiss Franc
Recommended open position short at 8276
Resistance should appear near 8484 to 8499 and 8560 to 8589
Support should appear near 8406 to 8391 and  8314 to 8300

June British Pound
Support should appear near 18836 and  18650 to 18580 .
Resistance should appear near 19090 and 19276

June Canadian Dollar
Support should appear near  7959 to 7934 .  
Resistance is at 8029 to 8044    

June Aussie Dollar
Recommended Open Position 7746
Resistance should appear near 7763 to 7777 and 7836 to 7864
Support should appear at 7689 to 7675.  

                                                                        Precious Metals

June Gold  
Recommended Open Position Short at 436.7
Resistance should appear at 437 to 438.1.
Support is at 431.5 to 430.4   

July Copper
Recommended open position Short 14430
Support should appear near  14210 to 14150 .. below that a test of 13830 to 13770 is likely..     
Resistance should appear near 14530 to 14590 and 14840 to 14960

July Silver 
Support should appear near 683.5 to 680.5 and the 667.5 to 665.5 region 
Resistance is at 707.5 to 708.5 and 714.5 to 717.0  

The Exciting Energies

June Crude Oil
Resistance should appear near 5200 to 5210 and 5259 to 5282 
Support should appear near 5067 to 5056 and the 4995 to 4973 region 

June Unleaded Gas 
Resistance should appear near 15690 to 15760 and 16090 to 16150 
Support should appear near 14960 to 14840 and the 14590 to 14530 region . 

June Heating Oil
Resistance should appear near  14840 to 14960 and 15290 to 15350 
Support should appear near 14210 to 14150 and the 13830 to 13770 region 

The Lively Livestock  

June Cattle
Recommended open Position Short 8350
Support should appear near 8502 to 8482 and 8407 to 8392
Resistance is at near 8587and  8667 to 8682 

June Hogs
Recommended open position Short 2 at  7747 avg
Support is at 7602 to 7587 and 7512 to 7492 region 
Resistance is at 7677 to 7692 and 7762 to 7777

July Pork Bellies
Resistance should appear near 8300 to 8317 and 8392 to 8407 
Support is at the 8137 to 8117 and 8047 to 8027 region.  A close under is negative and augurs for a test of  
7957 to 7932 ..Aggressive BW Traders can go if a close under 8022 occurs.
Trade accordingly and stay tuned for flashes and updates

                                      The Grande’ Grains
July Soybeans
Support is at 619 to 616 1/2 and the 603.5 to 602.5 region
Resistance should appear near 63.5 to 635 and 641 3/4 to 643..

July Soymeal
Support should appear near 190.9 to 190.2 a close under  is negative and augurs for a test of  the 182.2 to 180.8 region..
Resistance should appear near  198.2 to 199.6 and 203.4 to 204.2. 
BW Traders should go short if a close under 190.1 occurs

July Soybean Oil
Resistance should appear near  2267 to 2275 and 2315 to 2322 
Support should appear near 2226 to 2219,  a close under augurs for a test of  2185 to 2170.  

July Corn
Support should appear near 212 3/4 and 208 3/4 to 208 
Resistance is at  226 3/4 to 227 1/2.

July CBOT Wheat
Recommended open position short at 318
Resistance should appear near 331 3/4 to 332 3/4.and the 349 1/4 to 350 1/.4 
BW Traders can sell at 341 1/4 and risk a close over 351 1/4  for three days in a row. 
Support should appear near 327 to 326 1/4 and 315 3/4 to 314 3/4  
BW Traders should go short if a close under 318 3/4  occurs.

Trade Accordingly –

 The Satisfying Softs  

July 'The Monster' Coffee
Recommended open position long 2  at 12700 avg
Nearby Support  should appear near 13100 to 13040 and 12740 to 12680. Below that buyers should appear near 12380 to 12320
Resistance should appear near 13340 to 13460 and the 13770 to 13830 region 

July Cocoa 
Support is at 1459 to 1453 
Resistance is at 1529 to 1535  .

July Sugar
Support should appear near 852 to 847 
Resistance should appear near 877 to 882   

July Cotton
Recommended open position long at 5700
Support should appear near 5655 to 5640 and the 5580 to 5555 region. Below that buyers should appear near 5505 to 5490
Resistance should appear near 5715 to 5730 and the 5790 to 5805 region. Beyond  that a trade towards 5855 to 5880 is likely.
 
- 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 28th, 2005
8:00 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.
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BW Recommended Open Positions
Long  June SP500 1180.6
Long June Mini Nasdaq 1441.5 l 
Long   2 June Mini Russell 5851 avg
Short June EC 12844
Short June Japanese Yen 9315
Short June Swiss Francs 8277
Short June Aussie Dollar 7746
Short June Gold 436.7
Short July Copper 14430
Short June Cattle 8350
Short 2  June Hogs 7747 avg
Short July Wheat 318
Long  2 July Coffee 12700 avg
Long July Cotton  5700