FuturesCom
Investment Publications
Morning Comments,
Wednesday February 11th, 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 February 10th, 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 at 12671
Support should appear at 12680 and 12555 to 12330
Resistance is at 12710 to 12740 and 12890
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 1.8650 to 1.8580
Resistance should appear near 1.8780 and 1.9020 to 1.9090
March Canadian Dollar
Support should appear near 7487 a close under augurs for a test of 7428 to 7414
Resistance is at 7587 to 7601
BW Traders should go short if a close under 7482 occurs..
March Aussie Dollar
Support should appear near 7763 and 7689 to 7675
Resistance should appear at .7836 to 7864
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 10580 then 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..
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 at1472 and risk
a close under 1449 for three days in a row.
March 10 Year T-Note
Resistance should
appear near 114-07 then 114-22 and 115-22.
Support is at 113-22 and 113-07 below
that buyers should appear near 112-22 and provide support..
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
Recommended open position long at 11690
Support should appear near 1.1690 to 1.1640 and 1.1360
to 1.1300.
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
Recommended
open position short at 3312
Support should appear near
3270 to 3261 and 3213 to 3194..
Resistance is at 3377 to 3386
and 3425 to 3443 .
April Unleaded
Gas
Recommended open position short at 10320
Resistance should appear
near10820 and 10960 to 11020.
Support should appear near 10680 to
10580
April Heating Oil
Recommended open position short 8480
Resistance should appear near 8760 to 8780
and 8855 to 8870
Support
Trade Accordingly…
The Lively Livestock
April Cattle
Support should appear near 7087 to 7072
Resistance is at 7242 to 7257 and 7327 to 7342
April
Hogs
Support is at 5807 to 5792 and 5732 to 5717
Resistance is at 5942 to 5957 and 6022 to 6037
Recommended open position. July /April Hog Spread
Long July 6215
Short April 6125
March Pork Bellies
Support should appear near 9237 then 9157 to 9142 and 9062 to 9042
Resistance is at 9317 to 9347 and
9527 to 9542
The Grande’ Grains
March Soybeans
Resistance is at 8391/4 to 840 3/4 and 848
1/2 to 849 3/4
Support should appear at
831 1/2 to 830 and 822 1/4 to 819 1/2
BW Traders should go short if a close under 829 3/4 occurs..
March
Soymeal
Recommended open position Short at 248.8
Support should appear near 246.9 to 246.1 and 241.9 to 241.1
Resistance should appear near 251.1 to 251.9 and 255.2 to 256.8
March Soybean Oil
Recommended open position long at 3194
Resistance should appear near 3194 to 3213 and 3261 to 3270
Support should appear near 3157 to 3148 and 3102 to 3092
March Corn
Resistance should appear near 282 to 282 3/4 and the 287 1/2 to 288 1/4 region
Support is at 277 1/2 to 275 3/4
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
Recommended open position long at 7405
Support is near 7345 to 7325 and 7255 to 7240
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
Recommended open position long at 7645
Support is near 7605 to 7585 and 7515 to 7485
Resistance should appear near 7675 to 7690 and the 7835 to
7865 region
May Cocoa
Support is at 1529 and 1496 to 1484
Resistance should appear near1569 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
Recommended open position long 2 at 6965 avg
Support should
appear near 6670 to 6655 and the 6510 to 6485
Resistance should appear near 68`0 to 6835
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
4:00 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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