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Morning Comments Tuesday May 17th, 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
Monday
May 16th, 2005
8:00 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10257 , beyond that a test of 10320 to 10360 is
likely
Support should appear near 10185 and 10,136 to 10104
June
SP500
Recommended Open position Long
1180.60
Resistance should appear near 1169.00 and 1180.50
Support
should appear near 1164.00 and 1150.00
Nasdaq Composite
Support remains near 1982 and 1953.00 to 1946.00
Resistance should appear near 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 588 to 585.5 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 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 9347 to 9316
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 18220 to 18080
Resistance should appear near 18400 and 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 7586 to 7601
Support should appear near 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 8682 and 8762 to 8777
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 619
to 616 1/2 and 611 1/4 to 610
1/4
Resistance should appear near 625 3/4 to 627 and 633 3/4 to
635
July Soymeal
Recommended open Position Short 189.4
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
July Soybean Oil
Resistance should appear near 2219 to 2226 and 2267 to 2275 .
Support should appear near 2185 to 2170 and 2134 to 2126
July Corn
Support should appear near 204 1/4 to 203 1/2
Resistance is at 208 to 208 3/4
July
CBOT Wheat
Resistance should appear near 309 1/2 to 310 1/2 and 314 3/4 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
11360 to 11300 and 11010 to 10960
Resistance should appear near 11640 to 11690 and 11920 to 12030 .
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 5140 to 5125 and 5070 to 5055
Resistance should appear near 5255 to 5285 and 5345 to
5355
- 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
9:10 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