Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 
Precious Metals - Energy - Livestock - Grains - Softs

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FuturesCom Investment Publications
Morning Comments, Wed February 18th, 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 17th, 2004
2:00 PM eastern time

Open BW Postions

The Frenzied Forex Front

March Yen
Resistance should appear near the 9526 to 9543 region.
Support should appear near 9444 to 9429 and 9391  

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 and 8300 to 8314
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
Recommended open position Short at 7597
Support should appear near 7601 to 7587
Resistance is at the 7675 to 7689 region. 
March Aussie Dollar
Recommended open position Short at 7937
Support should appear near 7864 to 7836
Resistance should appear near 7954 and the 8029 to 8044  region. 

Trade Accordingly and stay tuned for Updates..

   The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10820.00 and 10960.00 to 11010.00 
Support should appear near 10680.00 to 10630.00 and 10580.00

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 2107 and 2126 to 2134 
Support should appear near 2080 and 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 115-07 and 115-22.
Support is at 114-22 and 114-07. 

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 the 423.8 to 424.9 region
BW Traders should go short if a close under 401.8 occurs..

March Copper
Support should appear near  128.90 and 127.40 to 127.60
Resistance should appear near 130.40 to 131.00 and 133.40 to 134.60 

March Silver
Support should appear 667.5 to 665.5 and 651 to 648.5.
Resistance should appear near 680.5 to 683.5 and 690.5 to 692

--Stay tuned for updates—

The Exciting Energies

April Crude Oil
Support should appear near 3386 to 3377 and 3328 to 3319 
Resistance is at the 3493 to 3503 and 3553 to 3563  

April Unleaded  Gas
Resistance should appear near 1.1300 to 1.1360 and 1.1640 to 1.1690
Support should appear near 1.1010 to 1.0960 and 10820

April Heating Oil  
 Resistance should appear near 9140 to 9155 and 9315 to 9345
Support should appear near 9060 to 9045 and 8870 to 8855 

Trade Accordingly…

                                                  The Lively Livestock

April Cattle
Support should appear near  7172 to 7142 and 7087 
Resistance is at 7242 to 7257 and 7327 to 7342

April Hogs
 Recommended open position.short 5880 
Support is at 5852 then 5807 to 5790 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 9347 to 9317 and 9237
Resistance is at 9427 to 9447 then 9527 to 9542 and 9627 to 9642

The Grande’ Grains

March Soybeans
Resistance is at 856 to 858 3/4 and 876 1/4 to 877 3/4 
Support should appear at 849 3/4 to 848 3/4 and 840 3/4 to 839 1/2

March Soymeal
 Support should appear near 256.8 to 255.2 and 251.9 to 251.1 
Resistance should appear near 261.2 to 262.0 and 266.3 to 267.2 

March Soybean Oil
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 the 287 1/2 to 288 1/4 region  
Support is at  282 3/4 to 282     

March CBOT Wheat
Support should appear near 374 1/4 to 373 3/4 and 368 1/2 to 366 1/4 
Resistance should appear near 379 1/2 to 380 3/4 and 390 3/4 to 392 3/4 

                                        The Satisfying Softs

May the ‘Monster’ Coffee
Recommended open position long  2 at 7635  avg
Resistance is near 7690 then 7760 to 7775 and the 7935 to 7955 region 
Support should appear near 7605 to 7590 and 7515 to 7485 

May Cocoa 
 Recommended open position Short at 1567
Support is at 1535 to 1529 and 1496 to 1484
Resistance should appear near 1569 to 1576 and 1609 to 1615

BW Traders should go short if a close under 1481 occurs

May Sugar
 Recommended open position short at 581
Support should appear near 562 to 559 and the 538 to 534 region.
Resistance should appear near  586 and 601 to 609. 

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

Tuesday February 17th 2004

3:00 PM South Florida Beach Time

Recommended Open Positions 
Short March EC 12671
Short March Canadian Dollar 7597
Short March aussie dollar 7937
Long 2 March SP500 1154.40  Avg
Short April Hogs 5880
Long July Hogs  / Short April Hogs  +90
Long 2 May Coffee 7655 avg
Short May Cocoa 1567
Short May Sugar 581
 Long 2 March Cotton  6965 avg
 

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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