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FuturesCom
Investment Publications
Morning Comments Monday May 16th, 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
Saturday
May 14th, 2005
9:30 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10185 and 10257
Support should appear near 10,136 to 10104 and 10037 to 10021
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 1459 to 1453.00 and
the 1421 to 1415 region. .
June Mini Russell 2000
Recommended open position long 580.6
Support should appear near 580.50 to 579.20 and 572.90 to
571.60.
Resistance should appear near 585.50 to 588.00 and 594.50 to 595.70
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
Resistance should appear near 9429 to 9445
Support should appear near 9316 and 9237
Recommended Open Position Short 12636
Support should appear at 12605 and 12530.
Resistance should appear near 12680
to12740
Recommended open position short at
8276
Resistance should appear near 8194 to 8223 and 8300 to 8314.
Support should appear near 8134 to 8119 and
8044 to 8029
June British Pound
Support should appear near 18400 and 18220 to 18080
Resistance should appear near 18580 to 18650
June Canadian Dollar
Support should appear near 7864
to 7836
Resistance is at 7939 to 7954
June Aussie Dollar
Resistance should appear near 7601 and 7675 to 7689
Support should appear near 7587 and 7513 to 7486
Precious Metals
June Gold
Recommended open position short at 422.2
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 4915 to 4926 and 4973 to 4995 .
Support should appear near
4856 to 4845 and 4785 to 4775
June Unleaded Gas
Resistance should appear near 14150
to 14210 and 14530
to 14590
Support should appear near 13830 to 13770
and 13460 to 13340.
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
Support
is at 7512 to 7487 and 7427 to 7417
Resistance is at
7587 to 7602 and 7672 to
7692
July Hogs
Support is at 7512 to 7487 and 7427 to 7417
Resistance is at
7587 to 7602 and 7672 to 7692
Support is at 6352 to 6337 and the 6272 to 6257 region
Resistance is at 6417 to
6432 and 6482 to 6512
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 611 1/4 to 610
1/4 and 603 1/2 to 602 1/4
Resistance should appear near 616 1/2 to 619 and 625 3/4 to 627
July Soymeal
Recommended open Position Short 189.4
Support should appear near 186.4 to 185.8 and 182.2 to 180.8
Resistance should appear near 190.2 to 190.9
and 194.6 to
195.3
July Soybean Oil
Resistance should appear near 2267 to 2275 and 2315 to 2322.
Support should appear near 2219 and 2185 to 2170
July Corn
Support should appear near the 203 1/2 and the 199 3/4 to
198 1/4
Resistance is at 208 to 208 3/4
July
CBOT Wheat
Resistance should appear near 303 3/4 to 304 1/2 and 309 1/2 to 310 1/2 .
Support should appear near 299 to 297 1/4
and 293 3/4 to 292 3/4
-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 12680 to 12740 .
July
Support is at 1421 to 1415 .
Resistance is at 1453 to 1459
July
Sugar
Support should appear near 823 to 814
Resistance should appear near 847 to 852
July
Cotton
Support should appear
near 5355 to 5345 and 5285 to 5255
Resistance should appear near 5415 to 5430 and the 5490 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
10:30 PM
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 Russell 590.6
Short June EC 12636
Short June Swiss Francs 8276
Short June Gold 422.2
Short August Cattle 8540
Short July Pork Bellies 8165
Short July Soymeal 189.4
Long 2 July Coffee 12700 avg