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Morning Comments Thursday May 5th, 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 May
4th, 2005
1:45 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance is
appear
10360 and 10470
Support should appear near 10320 and 10257.
June SP500
Recommended Open position Long 1180.6
Resistance should appear near 1180.5 and the 1192 to 1203
region
Support should appear near
1169 to 1164.00 and 1150.00
Nasdaq Composite
Support remains near 1953.00 to 1946.00
Resistance should appear near 1982 to 1996
June Mini Nasdaq 100
Resistance
should appear near 1453.00 to 1459.00 and 1484 to 1496
Support is at 1437 and 1421.00 to 1415.00
June Mini Russell 2000
Support
is at 588 to 585.50 and 580.50 to 579.20
Resistance should appear near 594.50 to 595.70 and 602.3 to 603.5
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 9625 to 9641 and 906 to 9737
Support should appear near 9542 to 9526 and 9445 to 9429
June Euro Currency (EC)
Recommended open positions Short 12844
Support should appear near 12890 and 12740 to 12680 region
Resistance should appear near 12965
and 13040 to 13100
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 19020 to 19090 and 19276
June Canadian Dollar
Support should appear near 7954
to 7939 and 7865 to 7836
Resistance is at 8029 to
8044 and 8119 to 8223
June Aussie Dollar
Recommended Open Position 7746
Resistance should appear near 7836 to 7864
and 7939 o 7954
Support should appear at 7777 to 7763 and 7689 to 7675
Precious Metals
June Gold
Recommended open position Short at 427.7
Resistance
should appear at 430.4 to 431.5.
Support is at 424.9 to 423.8
July Copper
Recommended open position Short 14430
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 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
Support
should appear near 4926
to 4915 and the 4856 to 4945 region
Resistance should appear near
5056 to 5067 and 5127 to 5139
June Unleaded Gas
Resistance should appear near
14840 to 14960 and 15290 to 15350
Support should appear near 14210 to 14150
and 13830 to 13770
June Heating Oil
Resistance should appear near
14530 to 14590 and 14840 to 14960
Support should appear near 14210 to 14150 and 13830 to 13770
The Lively Livestock
June Cattle
Recommended open Position Short 8350
Support should appear near 8482 the 8407 to 8392. and the
8317 to 8297 region
Resistance is at near 8562 to 8587and 8667 to 8682
June Hogs
Recommended open position Short 2
at 7747 avg
Support is at 7672 and the 7602 to 7587 region
Resistance is at 7762 to 7777
and the 7837 to 7867 region
July Pork Bellies
Resistance should appear near 8392
to 8407 and 8482 to
8502
Support is at 8317
to 8302 and 8222 to 8192.
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 633.5 to 635 and 641 3/4 to 643..
July Soymeal
Support should appear near 190.2 a close under is negative and augurs for a test of the 182.2 to 180.8 region..
Resistance should appear near 194.6
to 195.3 and 198.2
to 199.6.
BW Traders should go short if a close under 190.1 occurs
July Soybean Oil
Resistance should appear near 2315 to 2322 and 2354 to 2370
Support should appear near 275 to 2267 and 2226 to 2219
July Corn
Support should appear near 204 1/4 to 203 1/2 and 199
3/4 to 198 1/4
Resistance is at 208 to 208 3/4 and 212 3/4 to 213 1/2.
July CBOT Wheat
Recommended open position short 2 at
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 the 310 1/4 to 309 1/4 region
Trade Accordingly –
The Satisfying Softs
July 'The Monster' Coffee
Recommended open position long 2 at 12700 avg
Support should appear near
12380 to 12320 then 12030 to 11920 and the 11690 to 11640 region.
BW Traders can buy at 11695 and risk a close under 111.35 for three days in a
row
Resistance should appear near 12680 to 12740 then 13040 to 13100 and the
13340 to 13460 region
July Cocoa
Support is at 1484 and 1459 to 1453
Resistance is at 1496 and 1529 to 1535 .
July Sugar
Support should appear near 847 and 823 to 814
Resistance should appear near 877 to 882
July Cotton
Recommended open position long 2 at 5525 avg
Support should appear
near 5285 to 5260 then 5210 to 5200 and 5070 to 5055..
BW Traders
can buy 5070
and risk a close under 4905 for three days in a row,
Resistance should appear near 5415 to 5430.and the 5495 to 5505
region
- 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
Wed May 4th, 2005
2:45 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
Short June Yen 9315
Short June EC 12844
Short June Swiss Francs 8277
Short June Aussie Dollar 7746
Short June Gold 427.7
Short July Copper 14430
Short June Cattle 8350
Short 2 June Hogs 7747 avg
Short 2 July Wheat 318
Long 2 July Coffee 12700 avg
Long 2 July Cotton 5525 avg