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FuturesCom Investment Publications
Morning Comments Friday May 13th, 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
Friday May 12th, 2005
3:00 AM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10257 and 10320 to 10360.
Support should appear near 10,136 to 10104
June SP500
Recommended Open position Long 1180.60
Resistance should appear near 1164.00 to 1169.00 and 1180.50
Support should appear near 1150.00 and 1136.00 to 1130.00
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
Nearby Support is at 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 594.5 to 595.7 and 602.30 to 603.5
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 9429 to 9445
Support should appear near 9347 to 9316..
Support should appear at 12680 and 12605..
Resistance should appear near 12740 and 12815
BW Traders should Go Short if a close under 12655 occurs
Recommended open position short at 8276
Resistance should appear near 8300 to 8314 and 8391 to 8406 .
Support should appear near 8223 to 8194 and 8134 to 8119
June British Pound
Support should appear near 18580 and near the 18400 region
Resistance should appear near 18650 and 18836
June Canadian Dollar
Support should appear near 7959 to 7934
Resistance is at 8029 to 8044
June Aussie Dollar
Resistance should appear near 7675 to 7689
Support should appear near 7601 to 7587
Precious Metals
June Gold
Recommended open position short 2 at 424.9 avg
Resistance should appear at 423.8 to 424.9 and 430.4 to 431.5
Support is at 418.3 to 416.3 and 412.0 to 411.0
July Copper
Support should appear near 13460 to 13340 and 13100 to 13040 .
Resistance should appear near 13770 to 13830 and 14150 to 14210
July Silver
Support should appear near 683.5 to 680.5 and the 667.5 to 665.5 region
Resistance is at 699.0 to 700.5 and 714.5 to 717.0.
The Exciting Energies
June Crude Oil
Resistance should appear near 4845 to 4856 and 4915 to 4926 .
Support should appear near 4785 to 4775 and the 4650 to 4639 region
June Unleaded Gas
Resistance should appear near 14530 to 14590 and 14840 to 14960
Support should appear near 14210 to 14150 and 13830 to 13770 .
June Heating Oil
Resistance should appear near 13770 to 13830 and 14150 to 14210 .
Support should appear near 13460 to 13340 and 13100 to 103040
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 7602 to 7587 and 7512 to 7487
Resistance is at 7672 to 7692 and 7762 to 7777
July Hogs
Support is at 7602 to 7587 and 7512 to 7487
Resistance is at 7692
BW Traders can sell at 7827 and risk a close over 7972 for three days in a row.
Support is at the 6432 to 6417 and the 6352 to 6337 region.
Resistance is at 6482 to 6512 and 6577 to 6592
Recommended open position Short 8165
Resistance should appear near 8392 to 8407 and 8482 to 8502
Support is at 8317 to 8392 and the 8222 to 8192 region.
Trade accordingly and stay tuned for flashes and updates
The Grande’ Grains
July Soybeans
Support is at 619 to 616 1/2 and the 611 1/4 to 610 1/4 region
Resistance should appear near 625 3/4 to 627 and 633 3/4 to 635
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 208 to 208 3/4
July CBOT Wheat
Recommended open position short at 317 3/4
Resistance should appear near 309 1/2 to 310 1/2 and 314 4/5 to 315 3/4 .
Support should appear near 304 1/2 to 303 3/4 . 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 12030 to 11920
Resistance should appear near 12320 to 12380 and 12680 to 12740 .
July
Support is at 1459 to 1453 .
Resistance is at 14843 to 1496
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 5555 to 5575 and the 5640 to 5653 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
4:30 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.
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BW Recommended Open Positions
Long June SP500 1180.6
Short June Swiss Francs 8276
Short 2 June Gold 424.9 avg
Short August Cattle 8540
Short June Hogs 7757
Short July Pork Bellies 8165
Short July Wheat 317 3/4
Long 2 July Coffee 12700 avg