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Morning Comments Wed May 11th, 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 11th, 2005
4:30 AM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10320 to 10380 and 10470...
Support should appear near 10257
June
SP500
Recommended Open position Long
1180.60
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 remains near 1953.00 to 1946.00 and the 1909.00 to 1902.00 region
Resistance should appear near 1982.00 to 1996.00. and the 2034.00 to
2042.00 region
June Mini Nasdaq 100
Resistance should appear near 1484.00 to 1496.00 and the 1529.00.to 1535.00
region.
Support is at 1453.00 and
the 1421 to 1415 region. .
June Mini Russell 2000
Support is at 595.70 to 594.50 and the 588.00 to 585.50
region.. Below that buyers should appear near the 580.50 to 579.20
region..
BW .Traders can buy at 580.6 and risk a close under 579.00 for three days in a
row
Resistance should appear near 602.30 to 603.5, beyond that a test of the 610.10 to
611.30 region is likely
June 10 Year T-Note
Resistance should appear near 111-22 and 112-07 .
Support at 111-07 then 110-22 and 110-07.
The
Frenzied Forex Front
June Yen
Resistance should appear near 9526 to 9542 and 9625 to 9641.
Support should appear near 9445 to 9429.and the 9347 to 9316
region..
Recommended open positions Short 12844
Support should appear at 12890 and 12740 to
12680
Resistance should appear near 12965
and the 13040 to 13100 region
Recommended open position short at
8276
Resistance should appear near 8391 to 8406 and the 8484 to 8499
region .
Support should appear near 8314
to 8300.. a slip under indicates a test of 8223 to 8194
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 close under augurs for a test of 7959 to 7934
Resistance is at 8119 to 8134 and 8194 to 8223
June Aussie Dollar
Resistance should appear near 7763 to 7777 and 7836
to 7864
Support should appear at 7689 to 7675, below that a test of 7601 to 7587 is
likely to occur
Precious Metals
June Gold
Recommended open position short 427.7
Resistance should appear at 430.4 to 431.5 and 437 to 438.1
BW Traders can sell at 436.7 and risk a close over 440.4 for three days
in a row.
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 423.7 occurs
July Copper
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 15290 to 15350.
BW Traders can sell at 152.8 and risk a close over 157.9 for three days in row.
July Silver
Support should appear near 700.5 to 699.0 and the 683.5 to 680.5 region.
Resistance is at 714.5 to 717.0 and 724.5 to 725.5.
The Exciting Energies
June
Crude Oil
Resistance should appear
near 5259 to 5282 and the 5344 to 5356 region .
Support should appear near
5139 to 5127 and 5067 to 5056
June Unleaded Gas
Resistance should appear near
15290 to 15350 region Beyond
that sellers should appear near 15690
to 15760
Support should appear near 14590 to
14530 and the 14210 to 14150 region.. Below that a test of 13830 to 13770 is
likely. .
June Heating Oil
Resistance should appear near
14530 to 14590 and 14840 to 14960 . Beyond that sellers should appear near 15290
to 15350
Support should appear near 14210 to 14150 and the 13830 to 13770 region..
Below that a test of 13460 to 13340 is likely..
Trade Accordingly
The Lively Livestock
August Cattle
Recommended open position short 8540
Support should appear near 8592 to 8562 and 8502 to 8482
Resistance is at near 8667 to 8682 and 8762 to 8777
BW Traders should go short if a close under 8377 occurs
June Hogs
Recommended open position Short 7757
Support is at 7512 to 7487 and 7427 to 7412
Resistance is at 7587 to 7602 and
the 7672 to 7692 region.
July Hogs
Support is at 7487 and
7432 to 7412
Resistance is at the
7587 to 7602 and 7672 to 7692
Support is at the 6352 to 6337 region. A close under augurs
for a test of
6272 to 6257
Resistance is at 6417 to 6432 and
6482 to 6512
Recommended open position Short 8165
Resistance
should appear near 8222 and 8300 to 8317 .
Support is at 8137 to 8117
and 8047 to 8032
Trade accordingly
and stay tuned for flashes and updates
The
Grande’ Grains
July Soybeans
Support is at 633 3/4, a close under augurs for a test of the
619 to 616 1/2 region.
Resistance should appear near 641 3/4 to 643
and 648 1/4 to 650 3/4 .
July Soymeal
Support should appear near 190.9 to 190.2 and 186.4 to 185.8
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 2275 to 2267 and 2226 to 2219
July Corn
Support should appear near the 204 1/4 to 203 1/2 region.
Resistance is at 212 3/4 to 213 1/2
July
CBOT Wheat
Recommended open position short at
317 3/4
Resistance should appear near 319
1/2 to 321 1/4 and 326 1/4 to 327 .
Support should appear near 310 1/4 to 309 1/4. and 299 to 297 1/4
Trade Accordingly –
The Satisfying Softs
July
'The Monster' Coffee
Recommended open position long 2 at
12700 avg
Support should appear near
12030 to 11920 and 11690 to 11640
Resistance should appear near 12320 to 12380 and 13040 to 13100 .
July
Support is at 1496 to 1484 and 1459 to 1453 .
Resistance is at the1 529 to 1535 region
July
Sugar
Support should appear near 823 to 814
Resistance should appear near 847 to 852 .
July
Cotton
Support should appear
near 5430 to 5415 and 5355 to 5345.
Resistance should appear near 5635 to 5655 and 5715 to 5730
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
6:15 AM
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 EC
12844
Short June Swiss Francs 8276
Short June Gold 427.7
Short August Cattle 8540
Short June Hogs 7757
Short July Pork Bellies 8165
Short July Wheat 317 ¾
Long 2 July Coffee 12700 avg