FuturesCom
Investment Publications
Morning Comments,
Tuesday February 10th, 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
Monday February 9th, 2004
2:00 PM eastern time
The
Frenzied Forex Front
March Yen
Resistance should appear near the 9526 to 9543 region.
Support should appear near 9444 to 9429.
BW Traders can buy at 9448 for a turn higher.. initially plan on a risking
a close under 9312 for three days
in a row.
March Euro Currency (EC)
Recommended open position , short 12671
Support should appear at 12530 and 12380 to 12320
Resistance is at 12680 to 12740..
BW Traders should go short if a close under 1.2672 occurs…
March Swiss
Franc
Resistance should appear near 8119
to 8134 and 8194 to 8223
Support should appear near
8044 to 8029
BW Traders should go short if a close under 8059 occurs
March British Pound
Support should appear near 1.8220 to 1.8080
Resistance should appear near 1.8580 to 1.8560 region
March Canadian Dollar
Support should appear near 7513
to 7487 a close under augurs for a test of 7428 to 7414
Resistance is at 7587 to 7601 and the
7675 to 7689 region. BW Traders can sell at 7637 and risk a close over 7739 for three days in a row..
BW Traders should go short if a close under 7482 occurs..
March Aussie Dollar
Support should appear near 7689 to 7675
Resistance should appear at 7763 to 7777.
BW Traders should go short if a close
under 7636 occurs..
Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10630 and 10680.
Support should appear near 10470 and the 10360 to 10320 region.
March SP500
Resistance
should appear near 1164.00 to 1169.00
Support should appear near 1136.00 to 1130.00.
BW Traders can buy at 1136.20 and hold for higher prices.. Below that support
should appear near 1115.50 and the 1101 to 1096 region.BW Traders can buy at
1101.30 and risk a close under 1095.30 for three days in a row.
BW Traders should go long if a close over 1169.70 occurs..
Trade accordingly and Stay tuned for updates and flashes …
Nasdaq Composite
Resistance should appear near
2080 to 2089
Support should appear near 2042 to 2034.
March Mini
Nasdaq 100
Resistance is at 1529 to 1535
Support is at 1496 to 1484 and the 1459 to 1453 region.
BW Traders can buy at 1472 and risk
a close under 1449 for three days in a row.
March 10 Year T-Note
Resistance should
appear near 114-22 and 115-07.
Support is at 113-22 and 113-07..
Precious Metals
April Gold
Support should appear at 405.6 to 404.6
Resistance is at 411.0 to 412.0
BW Traders should go short if a close under 401.8 occurs..
March Copper
Support should appear near 1.1690 to 1.1640 and 1.1360
to 1.1300.
BW Traders can buy at 1.1690 and risk a close under 1.1270 for three days in a
row.
Resistance should appear near the
1.1920 to 1.2030 region.
BW Traders should go long if a close over 1.2040 occurs.
March Silver
Support should appear 627 to 625.5 and 619 to 616.5.
Resistance is at 648.5 to 651, a close over is friendly and augurs for a
test of 659.5 to 667.5.. Beyond that sellers should appear near 674 to 675.5
Aggressive BW Traders should go
long if a close over 644.5 occurs..
--Stay tuned for updates—
The Exciting Energies
April
Crude Oil
Support should appear near
3157 to 3148, a close under augurs for a test
of 3045 to 3036 and the 2990 to 2972 region..
Resistance is at 3213 and the
3261 to 3270 region.. Beyond that sellers should appear near 3319 to 3328 and
the 3377 to 3386 region. which should cap a rally. BW Traders can sell at
3312 and risk a close over
3397 for three days in row.
BW Traders should go short if a close under 3143 occurs..
April Unleaded
Gas
Resistance should appear
near 1.0320 to 1.0360 and 10580 to 10680. BW Traders can sell at 10320 for
a turn lower and risk a close over 10480 for three days in a row.
Support should appear near 10135 to
10105 and the 9935 to 9920 region..
BW Traders should go short if a close under 10115 occurs
April Heating Oil
Recommended open position short 8480
Resistance should appear near the
8485 to 8500 region. Beyond that sellers should appear near 8665 to 8685 and the
8760 to 8780 region..
Support
BW Traders should go short if a close under 8310 occurs..
Trade Accordingly…
The Lively Livestock
April Cattle
Support should appear near 7342 to 7327 and 7257 to 7242
Resistance is at 7412 to 7427 and 7487
April
Hogs
Support is at 6032 to 6022 and 5957 to 5942
Resistance is at 6102 to 6112 and
6257 to 6272.
BW Traders should go short if a close under 6017 occurs
Reclommended open position. July /April Hog Spread
Long July 6215
Short April 6125
March Pork Bellies
Support should appear near 9347 to
9317 a close under augurs for a test of 9157 to 9142
Resistance is at 9527 to 9542
then 9622 to 9642 and the 9707 to 9737 region..
BW Traders can sell at 9702 and hold for lower prices..
The Grande’ Grains
March Soybeans
Resistance is at the 848 1/2 to 849 3/4 region..
Beyond that resistance should
appear near
856 to 858 3/4 and the 866 3/4 to 868 1/4 region..
Support should appear at
840 3/4 to 839 1/4 and 831 1/2 to 830
BW Traders should go short if a close under 829 ¾ occurs..
March
Soymeal
Support should appear near 251.1 to 251.9
Resistance should appear near 256.8 and 262 to 262.9
BW Traders should go short if a close under 254.9 occurs..
March Soybean Oil
Resistance should appear near 3148 to 3157 and the
3194 to 3213 region. Beyond that sellers should appear near 3194 to 3213
BW Traders can sell at 3194 for a turn lower and risk a close over 3274 for
three days in a row…
Support should appear near 3102 to 3092 and 3045 to 3036
March Corn
Resistance should appear near the 287 1/2 to 288 1/4 region
Support is at 282 3/4 to 282
March CBOT Wheat
Support should appear near the 374 1/4 to 373 1/2 region.
Resistance should appear near 386 3/4 to 386 3/4
and 390 3/4 to 392 3/4 .
The Satisfying Softs
March the ‘Monster’ Coffee
Support is near 7145 and the 7090 to 7075 region.. under that buyers
should step in near 7005 to 6985 and the 6920 to 6905 region. BW Traders can buy
at 7015 and hold for higher prices.. risk a close under 6870 for three days in a
row..
Resistance should appear near 7240 to 7255, a close over is friendly and
augurs for a test of 7415 to 7425 and eventually the 7590 to 7605
region
BW Traders should go long if a close over 7265 occurs.
May the ‘Monster’ Coffee
Support is near 7340 to 7325 and the 7170 to 7140 region. Under that buyers
should step in near 7005 to 6985 and the 6920 to 6905 region.
Resistance should appear near 7415 to 7435, a close
over is friendly and augurs for a test of 7675 to 790 and eventually the 7835 to
7865 region
BW Traders should go long if a close over 7435 occurs.
May Cocoa
Support is at 1496 to 1484..Below that a test of the 1421 to 1415 region is
likely.
Resistance should appear near 1529 to 1535 and 1569 to 1576. BW
Traders can sell at 1567 for a turn lower, risk a close over 1622 for three days
in row. ..
BW Traders should go short if a close under 1481 occurs
May Sugar
Support should appear near 562 to 588 and the 538 to 534 region.
Resistance should appear near 582 to 586 and 601 to
609. BW Traders can sell at 581 and risk a close over to 623 for three
days in a row.
May
Cotton
Recommeded
open position long at 7090
Support should
appear near 7005 to 6990 then 6920 to 6905 and 6835 to 6810.
BW Traders can buy at 6840 and risk
a close under 6655 for three days in a row.
Resistance should appear near 7075 to 7090 and 7140 to 7170
BW Traders should go long if a close over 7175 occurs
A Ship in Harbor is Safe...But that is not what ships
are built for –
Stay tuned for
flashes and updates in all markets..
Happy Trading!
Bill
wil@futurescom.com
1-866-409-3890
Monday February 9th 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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