Economic and Investment Trend Analysis - Socio Economics 
Dow Jones - SP500 - Nasdaq - Russell 2000 - Treasuries - Forex -  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 Wed June 1st,  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 

Tuesday May 31st ,  2005
1:30  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  1197.50 to 1203.00 
Support should appear near  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 616.50 and 611.30 to 610.10 
Resistance should appear near  625.70 to 627.00 and 633.70  to 635.00

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 117-22 and 118-07 
Support  at 116-22 then 116-07 and 115-22 . 

                                  The Frenzied Forex Front

June Yen
Resistance should appear near 9316 to 9347...  
Support should appear near 9156 to 9140…  

June Euro Currency (EC)
Recommended open positions Short 12518
Support should appear near 12247 and  12175 
Resistance should appear near 12320 to 12350 and 12380 

June Swiss Franc
Resistance should appear near 8029 to 8044 and 8119 to 8134
Support should appear near 7954 to 7939.and the 7864 to 7836 region

June British Pound
Support should appear near 18080 and 17940 
Resistance should appear near 18220 and 18400

June Canadian Dollar
Support should appear near 7954 to 7939 and 7864 to 7836
Resistance is at 8029 to 8044 and 8119 to 8134

June Aussie Dollar
Resistance should appear near  7587 to 7601 and 7675 to 7689 
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  

We are moving analysis  to August Gold
Traders should cancel any open recommendations in June Gold 

Aug Gold  
Resistance should appear at 423.8 to 424.9  .
Support is at  412.00 to 411.00
BW Traders should go short if a close under 415.9 occurs.

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

July Silver 
Support should appear near 734.5 to 732.5 and 717 to 714.5 .
Resistance is at  748.5 to 751.5 and 758.5 to 760.5
                                                   The Exciting Energies

July Crude Oil
Resistance should appear near 5200 to 5211 and the 5344 to 5356 region  
Support should appear near 5139 to 5127 and the  4995 to 4973 region 

July Unleaded Gas 
Resistance should appear near 14840 to 14960 and 15290 to 15350
Support should appear near 14530 and 14210 to 14150 .

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 8407 to 8392 and 8317 to 8302.
Resistance is at  8482 to 8502 and the 8562 to 8587 region 

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

October Hogs
Support is at 6037 to 6022 and 5957 to 5942   
Resistance is at 6102 to 6117 and 6167 to 6192

July Pork Bellies
 Resistance should appear near 7142 to 7172 and the 72423 to 7257 region   
Support is at 7002 to 6992 and the 6837 to 6807 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 667 1/4 to 665 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 2 at 200.9
Support should appear near 213.4 to 212.6 and 208.9 to 208. 
Resistance should appear near 217 to 218.5  and the 221.9 to 222.6 region  
BW Traders should go short if a close under 194.4 occurs

July Soybean Oil
Support should appear near 2275 to 2267 and the 2226 to 2219 region  
Resistance should appear near 2315 to 23221 and 2354 to 2370
July Corn
 Recommended open position short 225 3/4
Support should appear near 218 1/2 to 217  
Resistance should appear near 226 3/4 to 227 1/2

July CBOT Wheat
Recommended Open Position Short at 331 3/4
Resistance should appear near 337 3/4 to 338 3/4 and 342 1/2 to 344 1/2. 
Support should appear near 332 3/4  to 331 3/4 and 227 1/2 to 226 3/4 

                                                                        The Satisfying Softs  

July 'The Monster' Coffee
 Support  should appear near 11690 to 11640 and 11360 to 11300
Resistance should appear near 11920 to 12030 and 12320 to 12380 

September  Coffee
Recommended Open Position Long 2 at 12505

July Cocoa  
Support is at 1421 to 1415 
Resistance is at 1453 to 1459.

July Sugar
Support should appear near 852 to 847 and 823 to 814  
Resistance should appear near  877 to 882 and 907 to 912   

July Cotton
Support should appear near 4855 to 4845 and 4785 to 4775.
Below that buyers should appear near the 4650 to 4635 region.  BW Traders can buy at 4655 and 
risk a close under 4565 for three days in a row. 
Resistance should appear near 4970 to 4995 and 5055 to 5070

- 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  
Tuesday May 31st , 2005
2:30  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  5-31-2005
Long  June SP500 1180.6
Long June Mini Russell 614.00 
Short June EC 12518
Short July Soybeans 667 1/4 
Short  2 July Soymeal 200.9 avg
Short July Corn 225 3/4 
Short July Wheat 331 3/4
Long 2 Sept Coffee 12505