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FuturesCom Investment Publications
Morning Comments Thursday June 2nd,  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 

Wed June 1st ,  2005
3:30  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 and 1217.50  
Support should appear near  to 1197.50 to 1192.00 .

Nasdaq Composite
Support remains near 2089.00 to 2080.00   
Resistance should appear near 2126.00 to 2134.00

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
Support is at 619.50 to 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 114-07 and 114-22
Support  at 113-22 and 113-07.  

Sept 30 Yr  T-Bond
Resistance should appear near 119-07 and 119-22
Support  at 118-22 and  117-22 . 

                                  The Frenzied Forex Front

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

June Euro Currency (EC)
Support should appear near  12175 and the 12030 to 11920 region 
Resistance should appear near 12247 and 12320 to  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 17940 and 17800 to 17740
Resistance should appear near 18080 to 18220

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  7486 to 7513  .
Support should appear near 7428 to 7414
BW Traders should go short if a close under 7482 occurs


                                                                                     Precious Metals  
 
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 14590 to 14530 and 14210 to 14150  
Resistance should appear near 14840 to 14960 and 15290 to 15350

July Silver 
Support should appear near 734.5 to 732.5 and 717 to 714.5 .
Resistance is at 776.5 to 777.5 and 783.5 to 786.5

                                                   The Exciting Energies

July Crude Oil
Resistance should appear near 5492 to 5504 and 5553 to 5577  
Support should appear near 5356 to 5344 and 5211 to 5200

July Unleaded Gas 
Resistance should appear near 15690 to 15760 
Support should appear near 14960 to 14840 .

July Heating Oil
Resistance should appear near 15690 to 15760 and 16090 to 16150 
Support should appear near 15350 to 15290 and 14960 to 14840  

The Lively Livestock  

August  Cattle
Support should appear near 8317 to 8302.and 8222 to 8192
Resistance is at  8392 to 8407 and 8482 to 8502 

July Hogs
Resistance should appear near 7072 to 7087 and the 7142 to 7172 region   
Support is at 7002 to 6992 and the 6922 to 6907 region  

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

July Pork Bellies
Resistance should appear near 7172 and the 7327 to 7342 region    
Support is at 7087 to 7072 and the 7002 to 6992 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 690 3/4 to 691 3/4 and 699 to 700 1/4   

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  2322 to 2315 and  2275 to 2267  
Resistance should appear near 2370 and the 2461 to 2469 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 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 332  3/4 then 337 3/4 to 338 3/4 and the 342 1/2 to 344 1/2. region 
Support should appear near 327 1/2 to 326 3/4 and 321 1/4 to 319 1/2

                                                                        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 1383 to 1377 
Resistance is at 1415 to 1421.

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  
Wed June 1st , 2005
4:55  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
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