FuturesCom
Investment Publications
Morning Comments,
Friday February 13th, 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
Thursday February 12th, 2004
3:00 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 12740 to 12680
Resistance is at 12890..Above that sellers should appear near 1.3040 to
1.3100.. Beyond that 1.3340 to 1.3360 and the 1.3770 to 1.3830 should cap
rallies …BW Traders can sell at 1.3332 and risk a close over 13490 for three
days in a row..
March Swiss
Franc
Resistance should appear near 8194 to 8223
Support should appear near
8134 to 8119
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 1.9020 to 1.9090
March Canadian Dollar
Support should appear near 7601
to 7587
Resistance is at the
7675 to 7689 region. BW
Traders can sell at 7637 and risk a close over
7739 for three days in a row..
March Aussie Dollar
Support should appear near 7777 to 7763
Resistance should appear
near 7864 and the 7939 to 7954 region. BW Traders can sell at 7937 for turn
lower and risk a close over 7962 for three days in row..
Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10820 and 10960 to 11010
Support should appear near 10680 to 10630 and 10580.
March SP500
Recommended open position Long at 2 at 1154.40 avg
Resistance
should appear near 1164.00 to 1169.00
Support should appear near 1150 and 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 then 115-07 and 115-22.
Support is at 114-07 and 113-22.
Precious Metals
April Gold
Support should appear at 412 to 411
and 405.6 to 404.6
Resistance is at 416.3 to 418.3 and 423.8 to 424.9
BW Traders should go short if a close under 401.8 occurs..
March Copper
Recommended open position long at 12160
Support should appear near 123.20 to 123.80 and 120.30 to 119.20
Resistance should appear near the 126.80 to 127.40 region
March Silver
Support
should appear 651 to 648.5 and 643 to 641.5.
Resistance should appear near 674 to 675.5 and 680.5 to 683.5
--Stay tuned for updates—
The Exciting Energies
April
Crude Oil
Support
should appear near 3328 to
3319 and 3270 to 3261
Resistance is at 3377 to 3386
and the 2425 to 3443 region. which should cap a rally.
BW Traders should go short if a close under 3143 occurs..
April Unleaded
Gas
Resistance should appear
near 10820 and 10960 to 11020.
Support should appear near 10580 then
10470 and
10360 to 10320 .
BW Traders should go short if a close under 10115 occurs
April Heating Oil
Recommended open position short 8480
Resistance should appear near8935 to 8965
and 9045 to 9060
Support should
appear near 8775 to 8760 and 8590 to 8560
BW Traders should go short if a close under 8310 occurs..
Trade Accordingly…
The Lively Livestock
April Cattle
Support should appear near 7242 and 7172 to 7142
Resistance is at 7327 to 7342
April
Hogs
Support is at 5807 to 5790 and 5732 to 5717
Resistance is at 5852 to 5882 and 5942 to 5957
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
Resistance is at 9427 to 9447 and
9527 to 9542
The Grande’ Grains
March Soybeans
Recommended open position Short at 821
Resistance is at 8391/4 to 840 3/4 and 848
1/2 to 849 3/4
Support should appear at 813
1/2 to 811 3/4 and 804 1/2 to 802 3/4
March
Soymeal
Recommended open position Short at 248.8
Support should appear near 241.9 to 241.1 and 237 to 235.4
Resistance should appear near 246.1 to 246.9 and 251.1 to 251.9
March Soybean Oil
Recommended open position Short at 3194
Resistance should appear near 3194 to 3213 and 3261 to 3270
Support should appear near 3157 to 3148
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 386 3/4 to 385 3/4 and 380 3/4 to 379 1/2.
Resistance should appear near 390 3/4 to 392 3/4 398 1/4 to 399 1/4
The Satisfying Softs
March the ‘Monster’ Coffee
Recommended open position long at 7405
Support is near 7485 and 7430 to 7415
Resistance should appear near 7590 to 7605 and
7760 to 7775
May the ‘Monster’ Coffee
Recommended open position long at 7645
Support is near 7835 to 7865 and 7940 to 7955
Resistance should appear near 7675 to 7690 and the 7835 to
7865 region
May Cocoa
Support is at 1535 to 1529 and 1496 to 1484
Resistance should appear near 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 559 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 6835 to 6810 and 6755 to 6740
Resistance should appear near 6905 to 6920 and 6990 to 7005
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
Thursday
February 12th 2004
4:30 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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