FuturesCom
Investment Publications
Morning Comments Wed January 14th 2004
Experienced Since 1979 -
Serving Professional and Individual Traders World Wide since 1988
7690
Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com
Tuesday January 13th, 2004
2:00 PM Eastern time
The Frenzied Forex Front
March Yen
Recommended open position Short at 9427
Support should appear near 9347 to 9316
Resistance should appear near 9445 and the 9526 to 9543 region..
BW Traders should go short if a close under 9389 occurs
March Euro Currency (EC)
Recommended open position Short 5 at 12707
Support should appear at 1.2680 then 1.2530 and 1.2380 to 1.2320.
Resistance is at 12740 then 1.2890
and 1.3040 to 1.3100.
BW Traders should go short if a close under 1.2677 occurs
March Swiss
Franc
Recommended open position Short 2 at 8094 avg
Resistance should appear near 8194
to 8223 and 8300 to 8314
Support should appear near 8134 to 8119
March British Pound
Support should appear near 1.8220 to 1.8080
Resistance should appear 1.8580 to
1.8560.
BW Traders should go long if a close over 1.8562 occurs.
March Canadian Dollar
Recommended open position Short at 7833
Support should appear near
7836 and 7777 to 7763.
Resistance is at the 7864 and 7939 to 7954.
March Aussie Dollar
Support should appear near 7689 to 7675 ..
Resistance should appear at 7763 to 7777
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10470, a close over augurs for a test of 10580 to 10630 and 10680
where sellers should appear and cap a rally
Support should appear near 10360 to 10320 and 10185
March SP500
Recommended Open Position Long at 4 at 1122.80 avg
Resistance
should appear near 1130.00 to 1136.00 .
Support should appear near 1115.50 and 1101 to 1096 , which should hold..
.BW Traders can buy at 1101.30 for a bounce and risk a close under 1094.7 for
three days in a row.
BW Traders should go long if a close over 1136.30 occurs
Nasdaq Composite
Resistance should appear near
2126 to 2134.
Support should appear near 2080 and 2042 to 2034.
March Mini Nasdaq 100
Recommended open position long at 1545.5
Resistance is at 1529 to 1535
Support is at 1496 to 1484
March 10 Year T-Note
Resistance should
appear near 114-22 and 115-07
Support is at 114-07 and
113-22
Precious
Metals
February Gold
Recommended open position long at 424.9
Support should appear at 423.8 and 418.3 to 416.3
Resistance is at the 430.4 to
431.5 region.
March Copper
Recommended open position long at 10840
Support should appear near the 1.0680
to 1.0580 region.
Resistance should appear near 10960
to 11010
BW Traders should go long if a close over 11185 occurs.
March Silver
Recommended open position long at 661.5
Support should appear 659 to 657.5 and 643 to 641.5 and
635 to 633.5. BW .Traders can buy at 635.5 for a bounce and risk a close under
624 for three days in a row.
Resistance is at 665.5 to
667.5 and 674 to 675.5.
--Stay tuned for updates--
The
Exciting Energies
March
Crude Oil
Support should appear near
3386 to 3378 and 3328 to 3319
Resistance is at 3425 to 3443 and 3493 to 3503
March Unleaded
Gas
Resistance should appear
near 1.0320 to 1.0360 and 10580 to 10680 .. Beyond that sellers should appear
near 10960 to 11010 BW Traders can sell at 10960 for a turn lower and risk a close over 11205 for
three days in a row,
Support should appear near 9935 to 9920. A slip under is negative and augurs for a
test of 9735 to 9705 and eventually the 9345 to 9315 region..BW Traders should go short if a close under 9910 occurs.
March Heating Oil
Recommended open position short at 9700
Resistance should appear near 9930 to
9935 and 10105 to 10135.
Support should appear near 9545 to 9525 and
the 9345 to 9315 region.
The
Lively Livestock
February Live Cattle
Recommended open position short at 7470
Support should appear near 7432 to 7412 and 7342 to 7328
Resistance is at 7512 and 7582 to 7612 .
April Cattle
Recommended open position short at 7452
Support should appear near 7427 to 7412 and the 7342 to 7328
region.
Resistance is at 7487 to 7512 and 7587 to 7602
February
Lean Hogs
Recommended open position short at 5197
Support is at 5212 to 5197 and 5142 to 5127
Resistance is at 5257 to 5282 and 5342 to 5357
April Hogs
Recommended open position short 2 at 5535 avg
Support is at 5577 to 5552 and 5507 to 5492.
Resistance is at 5637 to 5652 and 5717 to 5732 ..
February Pork Bellies
Recommended open position short 2 at 8472
avg
Support should appear near 8407 to 8392 and 8317 to 8302.
Under that a test of 8227 to
8192 and the 8047 to 8027 region is
likely..
Resistance is at 8487 to 8502 and the 8557 to 8592 region.
Traders should stay tuned for Updates
…The
Grande’ Grains
March Soybeans
Recommended open position short at 783 1/4
Resistance is at 839 1/4 to 840 3/4 and 848 1/2 to 849 3/4
Support should appear at 831 1/2 to 830 1/4
and 822 1/4 to 819 1/2
March
Soymeal
Support should appear near 255.2 and 246.9 to 246.1
Resistance should appear near 261.2 to 262 and 266.3 to 267.2
March Soybean Oil
Resistance should appear near the
3036 to 3045 region.
Support should appear near 2990 to 2972
March Corn
Resistance should appear near 271 3/4 to 272 1/2
Support is at the 262 to 261
1/4
March CBOT Wheat
Support should
appear near 390 3/4 and 386 3/4 to 385 1/2
Resistance should appear near 404 3/4 to 405 3/4 and the 411 to 412
region.
Trade Accordingly and Stay tuned for updates
The
Satisfying Softs
March the ‘Monster’ Coffee
Recommended open position long at 7080
Support is near 6920 to 6905 and 6835 to 6810
Resistance should appear near 7075 to 7090.and 7140 to 7170
March Cocoa
Support is at 1615 to 1609 , a close under augurs for a
test of 1576 to 1569
Resistance should appear near 1689 to 1696.
BW Traders should go short if a close under 1607 occurs
March Sugar
Recommended open position short at 580
Support should appear near 586 to 582 , a close under is negative and augurs for a test
of 562 to 558
Resistance should appear near 601 to 609 then 630 to 634 and 656 to 661..BW
Traders can sell at 629 and risk a close over to 664
for three days in a row .
March
Cotton
Support should appear near 7340 to 7320 and 7170 to 7140
Resistance should appear near 7485
to 7515, a close over is friendly an augurs for a test of 7585 to 7605
BW Traders should go long if a close over 7520 occurs
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 January 13, 2004
3 00 PM South Florida Beach Time
THIS PUBLICATION 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.
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