FuturesCom
Investment Publications
Morning Comments Thursday January 15th 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
Wed January 14th, 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 at 12646
Support should appear at 12555 to 1.2530 and 1.2380 to 1.2320.
Resistance is at 12680 to 12710 and 12740
March Swiss
Franc
Recommended open position Short 2 at 8094 avg
Resistance should appear near 8163
then 8194
to 8223 and 8300 to 8314
Support should appear near 8119 and the 8044 to 8029 region
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
Support should appear near 7689
to 7675 .below that a slip to 7601 to 7587 is is likely
Resistance is at the 7763 to 7777 and the 7836 to 7864 region .
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 10580 to 10630 and 10680
where sellers should appear and cap a rally
Support should appear near 10470 and 10360 to 10320
March SP500
Recommended Open Position Long at 2 at 1126.50
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 2089 to 2080 and 2042 to 2034.
March Mini Nasdaq 100
Recommended open positin long at 1545.5
Resistance is at 1569 to 1576
Support is at 1535 to 1529 and 1496 to 1484
March 10 Year T-Note
Resistance should
appear near 115-07 and 115-22
Support is at 114-07 and
113-22
Precious
Metals
February Gold
Support
should appear at 418.3 to 416.3
and 412.0 to 411.0
Resistance is at the 423.8 to
424.9 and the 430.4 to
431.5 region.
March Copper
Recommended open positin 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 positin long at 661.5
Support should appear near 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.
Below that buyer should appear near 627 to 625.5 and the 619 to 616.5
region.
Resistance is at 648.5 to 650.5 and
657.5 to 659.5
--Stay tuned for updates--
The
Exciting Energies
March
Crude Oil
Support should appear near 3328 to 3319
and 3270 to 3261
Resistance is at 3386 then 3425 to 3443 and 3493 to 3503
March Unleaded
Gas
Recommended open position short at 9900
Resistance should appear
near 10105 to 10135 and 1.0320 to 1.0360
Support should appear near 9840 to
9820. A slip under is negative and augurs for a
test of 9735 to 9705.
Below that buyers should appear near 9645 to 9625
March Heating Oil
Recommended open position short at 9700
Resistance should appear near 8705 to
9735 and 9820 to 9835
Support should appear near 9545 to 9525 and
the eventually the 9345 to 9315 region. Below that buyers should appear near 9155 to
9140
The
Lively Livestock
February Live Cattle
Recommended open position short at 7470
Support should appear near 7602 to 7587 , a close under augurs for a test
of 7512 to 7487
Resistance is at 7672 to 7687 and 7762 to 7777..
April Cattle
Recommended open postion short at 7452
Support should appear near 7512 to 7487.
Resistance is at 7587 to 7602
BW Traders can sell at 7672 for a turn lower and risk a close over 7872 for
three days in row.
February
Lean Hogs
Recommended open position short at 5197
Support is at 5357 to 5342 and 5282 to
5257
Resistance is
5417 to 5432 and the
5492 to 5507 region..BW
Traders can sell at 5487 and risk a close over
5587 for three days in a row. Beyond that sellers should be evident near 5637 to
5652
April Hogs
Recommended open position short 2 at 5535 avg
Support is at 5652 to 5637 and 5577 to 5552
Resistance is at 5717 to 5732..Beyond
that sellers should appear near
the 5792 to 5807 region.. Which should cap a rally for a bit..
BW Traders can sell at 5852 and risk a close over 5962 for three days in a
row….
February Pork Bellies
Recommended open postion short at
8385
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
Resistance
is at 848 1/2 to 849 3/4 and the 856 to 858 ¾ region.
Support should appear at 840 3/4 to
839 1/4 and 831 1/2 to 830 1/4
March
Soymeal
Support should appear near 256.8 to 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 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 392 3/4 to 390 3/4 and 386 3/4 to 385 3/4
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 6990 to 7005 and 7075 to 7090.
March Cocoa
Support is at 1642 and 1615 to 1609 , a close under augurs for a
test of 1576 to 1569 and eventually
the 1535 to 1529 region..
Resistance should appear near 1609 to 1612 and 1642 to 1655
BW Traders should go short if a close under 1607 occurs
March Sugar
Recommended open position short at 580
Support should appear near 582 , a close under is negative and augurs for a test
of 562 to 558
Resistance should appear near 601 to 609 and 630 to 634 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
Wednesday January 14, 2004
3:30 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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