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

Premier Service     Products      Quotes       Online Signup    Index Program

FuturesCom Investment Publications
Morning Comments, Thursday February 19th, 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 February 18th, 2004
2:00 PM eastern time

Open Positions

The Frenzied Forex Front

March Yen
Resistance should appear near 9429 to 9445.
Support should appear near 93147 to 9316  

March Euro Currency (EC)
Recommended open position Short at 12671
Support should appear at 12680 and 12530
Resistance is at  12740 to 12755 and 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 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 1.9020 to 1.9090 

March Canadian Dollar
Support should appear near 7601 to 7587
Resistance is at the 7675 to 7689 region. 
March Aussie Dollar
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 10680.00 and 10820.00 
Support should appear near  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 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 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 3425 and 3386 to 3377 
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 10680 to 10630 and 10580

April Heating Oil  
 Resistance should appear near 9045 to 9060 then 9140 to 9155 and 9315 to 9345
Support should appear near 8965 to 8935  and 8870 to 8855 

Trade Accordingly…

                                                  The Lively Livestock

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

April Hogs
Recommended open position Short at 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 9447 then 9527 to 9542 and 9627 to 9642

The Grande’ Grains

March Soybeans
Resistance is at 856 to 858 3/4 and 866 3/4 to 868 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 3148 to 3157 and 3194 to 3213 
Support should appear near 3102 to 3092

March Corn
Resistance should appear near the 282 to 282 3/4  region  
Support is at  277 1/2 to 275 3/4      

March CBOT Wheat
Support  should appear near 362 ¼ to 361 ¼ .. Below  that  buyers should  appear near 356 ¼  to 355 ¼  ..BW  Traders can buy at 357 for a bounce and risk a close under 342 ¼ for three days in a row.. Below that support should appear near 332 ¾ to 331 ¾ ..
Resistance should appear near 366  1/4 to 368 1/4 and 373 1/2 to 374 1/4

                                        The Satisfying Softs

May the ‘Monster’ Coffee
Recommended open position long  3 at 7540  avg
Resistance is near 7335 to 7350 and 7415 to 7430 
Support should appear near 7170 to 7140 and 7005 to 6990 

May Cocoa 
 Recommended open position Short at 1567
Support is at  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 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

Wed February 18th 2004

2:55 PM South Florida Beach Time

Recommended Open Positions 
Short March EC 12671
Long 2 March SP500 1154 Avg
Short April hogs 5880
Long July Hogs  / Short April Hogs  +90
Long 3 May Coffee 7540 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. 
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved