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FuturesCom Investment Publications
Morning Comments Friday May 27th,  2005
 Serving Professional and Individual Traders World Wide since 1988
1650 SW Malmo Rd , Port St. Lucie ,  Florida 34953 -  USA and Canada Toll Free : 1-866-409-3890 -  Intl : 1- 772-621-4234  http://www.futurescom.com 

Thursday  May  26th ,  2005
10:30  PM  Eastern time   
Open BW Positions

                                      The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near 10580 to 10630 and 10680 
Support should appear near  10470 and 10360 to 10320  

June SP500
Recommended Open position Long 1180.6
Resistance should appear near  1203.00 . A  close over is friendly and augurs for a trade towards 1217.50
Support should appear near 1197.50 to 1192.00 and 1180.50.

Nasdaq Composite
Support remains near 2042 to 2034   
Resistance should appear near 2080 to 2089

June Mini Nasdaq 100
Resistance should appear near  the 1569.00  to 1576.00 region..
Support is at 1535.00 to 1529.00 . 

June Mini Russell 2000
Recommended Open Position Long at 614.00
Support is at 611.30 to 610.10 and 603.50 to 602.30 
Resistance should appear near 616.50 to 619.00.and 625.70 to 627.00

Sept 10 Year T-Note  
Resistance should appear near 113-07 and 113-22
Support  at 112-22 and 112-07.  

Sept 30 Yr  T-Bond
Resistance should appear near 116-22 and 117-07
Support  at  116-07 and 115-22 . 

                                  The Frenzied Forex Front

June Yen
Resistance should appear near 9316 to 9347 and the 9429 to 9445  region...  
Support should appear near 9156 to 9140 and the 9060 to 9044 region…  

June Euro Currency (EC)
Recommended open positions Short 2  12577 avg
Support should appear near 12455 and the 12380 to 12320 region 
Resistance should appear near 12530 and 12605

June Swiss Franc
Resistance should appear near 8119 to 8134 and 8194 to 8223
Support should appear near 8044 to 8029, a close under augurs for a test of 7954 to 7939.

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 and 7777 to 7763
Resistance is at 7939 to 7954 and the 8029 to 8044 region

June Aussie Dollar
Resistance should appear near  7587 to 7601 and the 7675 to 7689 region.
 BW Traders can sell at 7675 and risk a close over 7696 for three days in a row .
Support should appear near 7513 to 7486 and 7428 to 7414
BW Traders should go short if a close under 7482 occurs

                                                                                     Precious Metals

June Gold  
Recommended open position short 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 412.00 to 411.00
BW Traders should go short if a close under 416.2 occurs.

July Copper
Support should appear near 14210 to 14150 and 13830 to 13770  
Resistance should appear near 14530 to 14590 and 14840 to 14960

July Silver 
Support should appear near 708.5 to 707.5 and 692.0 to 690.5.
Resistance is at 724.0 to 725.5 and 732.5 to 734.5

The Exciting Energies

July Crude Oil
Resistance should appear near 5127 to 5139 and the 5200 to 5211 region 
Support should appear near 5067 to 5056 and 4995 to 4973 

July Unleaded Gas 
Resistance should appear near 14530 to 14590.and 14840 to 14960 
Support should appear near 14210 to 14150 and 13830 to 13770 .

July Heating Oil
Resistance should appear near  14530 to 14590 .
Support should appear near 14210 to 14150  ..

The Lively Livestock  

August  Cattle
Support should appear near 8317 to 8302.. Below that buyers should appear near 8222 to 8192
Resistance is at  8407 and 8482 to 8502

June Hogs
Support is at 7087 to 7072 and 7002 to 6992 
Resistance is at 7142 to 7172 and 7242 to 7257 .

July Hogs
Support is at 7072 and 7002 to 6992 .
Resistance is at 7142 to 7172 and 7242 to 7257

October Hogs
Support is at 5957 to 5942 and 5882 to 5857  
Resistance is at 6022 to 6037 and 6102 to 6117 

July Pork Bellies
Recommended Open Position Short 8165
Resistance should appear near 7672 to 7692 and 7762 to 7777  
Support is at 7512 to 7487 and the 7427 to 7417 region  

                                      The Grande’ Grains
July Soybeans
Recommended open position short at 667 1/4 
Support is at  675 1/2 to 674 1/4 and 659 1/4 to 657 3/4
Resistance should appear near  683 3/4 and the 690 3/4 to 691 3/4 region 

July Soymeal
Recommended Open Position Short at 189.4
Support should appear near 204.2 to 203.4 and 195.3 to 194.6 
Resistance should appear near 212.6 to 213.4. and 217 to 218.5  
Aggressive BW  Traders can sell at  212.4 and risk a close over 222.9 for three days in row.     

BW Traders should go short if a close under 194.4 occurs

July Soybean Oil
Support should appear near 2370 to 2354 and 2322 to 2315 .
Resistance should appear near 2461 to 2469 and the 2511 to 2519 region 
BW Traders can sell at 2459 and risk a close over 2527 for three days in a row. 

July Corn
Recommended open position short 225 3/4
Support should appear near 222 3/4 to 221 3/4 and 218 1/2 to 217
Resistance should appear near  226 3/4 to 227 1/2 and 231 1/2  to 232 1/4 

July CBOT Wheat
Recommended Open Position Short at 331 3/4
Resistance should appear near 342 1/2 to 344 1/2.and 349 1/4 to 350 1/4 
Support should appear near 338 3/4 to 337 3/4 and  332 3/4  to 331 3/4 

                                                         The Satisfying Softs  

July 'The Monster' Coffee
Recommended open position long 2 at 12700 avg
Support  should appear near 12320 and 12030 to 11920 
Resistance should appear near 12530 and 12680 to 12740 

July Cocoa  
Support is at 1415 and 1383 to 1377 
Resistance is at 1453 to 1459 .

July Sugar
Support should appear near 852 to 847 and 823 to 814  
Resistance should appear near  882 and 907 to 912   

July Cotton
Support should appear near 4995 to 4970 and the 4855 to 4845 region .. Below that buyers should appear near
4785 to 4775  
Resistance should appear near 5055 to 5070 and 5125 to 5140

- 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  
Thursday May 26th , 2005
11:30  PM South Florida Beach Time

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  5-26-2005
Long  June SP500 1180.6
Long June Mini Russell 614.00 
Short 2 June EC 12577 avg
Short June Gold 422.2
Short July Pork Bellies 8165
Short July Soybeans 667 1/4 
Short July Soymeal 189.4
Short July Corn 225 3/4 
Short July Wheat 331 3/4
Long 2 July Coffee 12700 avg