Economic
and Investment Trend Analysis - Socio Economics
Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy -
Livestock - Grains - Softs
Premier
Service - Platforms -
Quotes - Online
Signup - Bi-Weekly
Outlook Archives - Special
Reports - DIY
Index
FuturesCom
Investment Publications
Morning Comments Thursday May 19th, 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 18th, 2005
1:30 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10470 and the 10580 to 10680 region
Support should appear near 10360 to 10320 and 10257
June
SP500
Recommended Open position Long
1180.60
Resistance should appear near 1192.00 to 1203.00
Support
should appear near 1180.50 and the 1164.00 and 1150.00 region
Nasdaq Composite
Support remains near 1996.00 to 1982.00 and 1953.00 to 1946.00
Resistance should appear near 2034.00 to
2042.00 and the 2080 to 2089 region
June Mini Nasdaq 100
Resistance should appear near the 1529.00.to 1535.00
region.
Support is at 1496.00 to 1484.00. .
June Mini Russell 2000
Support
should appear near 603.5 to 602.3 and 595.7 to 594.5
Resistance should appear near 610.1 to 611.3 and the 616.5 to 619.0
region
June 10 Year T-Note
Resistance should appear near 112-22 and 113-07
Support at
112-07 and 111-22
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 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 7675 to 7689
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 700.5 to 699.0 and 683.5 to 680.5
Resistance is at 724.5 to 725.5 and 732.5 to 734.5
The Exciting Energies
July
Crude Oil
Resistance should appear
near 4973 to 4995 and 5056to 5067
Support should appear near 4926 to 4915
and 4856 to 4845
June Unleaded Gas
Resistance should appear near
14530
to 14590 and 14840 to 14960
Support should appear near 14210 to
14140 and 13830 to 13770
June Heating Oil
Resistance should appear near 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 8562 and 8502 to 8482
Resistance is near 8667 to 8682 and 8762 to 8777
June Hogs
Support
is at 7342 to 7327 and 7257 to 7242
Resistance is at 7417
to 7427 and 7487 to 7512
July Hogs
Support is at 7257 to 7242 and the 7172 to 7142 region
Resistance is at 7327 to
7342 and 7412 to 7427
Support is at 6257 and 6192 to 6167
Resistance is at 6337 to 6352
and 6417 to
6432
July Pork Bellies
Recommended open position Short 8165
Resistance
should appear near 8192 to
8222 and 8302 to
8317
Support is at 8137 to 8117
and 8047 to 8027.. Below that a test of 7957 to 7937 is likely
Trade accordingly
and stay tuned for flashes and updates
The
Grande’ Grains
July Soybeans
Support is at 627
to 625 3/4 and the 619 to 616 1/2 region
Resistance should appear near 635 and the 641 3/4 to
643 region.
July Soymeal
Recommended open Position Short 189.4
Support should appear near 195.3 to 194.6 and 190.9 to 190.2
Resistance should appear near 198.2 to 199.6 and
203.4 to 204.2
July Soybean Oil
Resistance should appear near 2226 and 2267 to 2275 .
Support should appear near 2185 to 2170 and 2134 to 2126
July Corn
Support should appear near 208 3/4 to 208
Resistance is at 212 3/4 to 213 1/2
July
CBOT Wheat
Resistance should appear near 315 3/4 and 319 1/2 to 321
1/4
Support should appear near 3101/4 to 309 1/4 and 304 1/2 to 303 3/4
-Trade Accordingly -
The Satisfying Softs
July
'The Monster' Coffee
Recommended open position long 2 at
12700 avg
Support should appear near
11690 to 11640 and 11360 to 11300
Resistance should appear near 11920 to 12030 and the 12320 to 12380
region
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
2:30 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
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