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Morning Comments,
Thursday February 26th, 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 Feb 25th 2004
2:00 PM eastern time
The
Frenzied Forex Front
March Yen
Resistance
should appear near 9317 to 9347
Support should appear near 9156 to 9140 and 9060 to 9044
Aggressive BW traders should go short if as close under 9137 occurs
March Euro Currency (EC)
Support
should appear at 12380 to 12320
Resistance is at 12530 and 12680
March Swiss Franc
Resistance
should appear near 7939 top
7954 and 8029 to 8044t.
Support should appear near
7901 and the 7864 to 7836 region.
BW Traders should go short if a close under 7902 occurs..
March British Pound
Support should appear near 1.8680 to 1.8580 and 1.8220 to 1.8080
Resistance should appear near 19020 to 1.9090.
Stay tuned for Updates and Flashes
March Canadian Dollar
Recommended open position Short at 7469
Support should appear near
7428 to 7414
Resistance is at 7486 to 7513 and
7550
March Aussie Dollar
Support
should appear near 7689 to 7675 and 7601 to 7587
Resistance should appear at 7762 to 7777 and 7836 to 7864.
BW Traders should go short if a close under 7636 occurs..
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 10630 and 10680
Support should appear near 10580 and 10470
March SP500
Recommended Open Position Long 3 at 1148.40 avg
Resistance
should appear near 1150 and 1164.00 to 1169.00
Support should appear near 1136.00 to 1130.00..Below that support should
appear near 1115.50 and the 1101 to 1096 region..
BW Traders should go long if a close over 1150.30 occurs..
Trade accordingly and Stay tuned for updates and flashes …
Nasdaq Composite
Resistance should appear near 2034 to 2042
Support should appear near the 1996 to 1982 region
March Mini Nasdaq 100
Recommended open position long
at 1472
Resistance is at 1484 to 1496
Support should appear near the 1459 to 1453 region. Below that
buyers should appear near 1421 to 1415
June 10 Year T-Note
Resistance should
appear near 113-22. and 114-07
Support is at 113-07 and 112-22
Precious Metals
April Gold
Recommended open position Short at 398
Support should appear at the 392.9
to 390.9 region
Resistance is at 399.2 and 404.6 to 405.6
May Copper
Recommended open position long 132.90
Support should appear near 131.00 to 130.40 and 127.40 to 126.80.. Below that buyers
should appear near 123.80 to 123.20 ,,
BW Traders can buy at 123.90 and risk a close under 119.40 for three days
in a row.
Resistance should appear near 133.40
to 134.60 and he 137.70 to 138.30 region.
May Silver
Support
should appear 657.5 then 650.5 to 648.5 and 635 to 633.5
Resistance is at 665.5 to 667.5. and 680.5 to 683.5
The Exciting Energies
April
Crude Oil
Support should appear near
3503 to 3493
Resistance is at the
3613 to 3623 region which should .
April
Unleaded Gas
Resistance should appear
near 11300 to 11360 and 11640 to 11690
Support should appear near 10960 and 10680 to
10580
BW Traders should go short if a close under 10570 occurs
April Heating Oil
Resistance should appear near 9300 to
9315 and 9525 to 9540
Support should appear near 9060 to 9045 and 8875 to 8855
The Lively Livestock
April Cattle
Recommended Open Position Short 7600
Support should appear near 7602 to 7587 and 7512 to 7478
Resistance is at 7672 to 7692 and 7762 to 7777
April Hogs
Recommended open position short 2 at 5942 avg
Support is at 5957 to 5942 then 5882 to 5852 and 5807 to 5792
Resistance is at 6022 to 6037 and 6102 to 6112
Recommended open position
Long 2 July Hogs / Short 2 April Hogs +97.5
March Pork Bellies
Recommended Open Position Short at 9702
Support should appear near 9447 to 9427 and 9337 to 9317
Resistance is at 9542 and 9622 to
9642
The Grande’ Grains
May Soybeans
Resistance should appear near 931 3/4 to 934 3/4
and 952 3/4 to 954 1/4
Support should appear at 906 to 904 1/2 and 868 ¼ to 866 ¾ ..
May
Soymeal
Support should appear near 272.4 to 271.6
Resistance should appear near 282 to 282.9 and the 287.4 to 288.3 region…
BW Traders can sell at 287.3 for a turn lower and risk a close over 293.9
for three days in a row.
May Soybean Oil
Resistance should appear near 3425 to 3443 . Beyond that sellers should
appear near 3493 to 3503
Support should appear near 3328 to 3319 and 3270 to 3261
May Corn
Recommended open position long 297 3/4
Resistance should appear near 299 and the 303 3/4 to 304
1/2 region..
Support is at 293 1/2 to 292 3/4 and 288 1/4 to 287 1/4
May CBOT Wheat
Recommended open position long at 398 1/4
Support should appear near 392 3/4 to 390 3/4 and 386 3/4 to 385
3/4
Resistance should appear near 398 1/4 to 399 1/4 and 404 3/4 to 405
3/4
region.
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
4 at 7525 Avg
Support is near 7415 then 7345 to 7325 and 7255 to 7240
Resistance should appear near 7485 to 7515 and 7675 to 7690
May Cocoa
Recommended Open Position Short 1470
Support is at 1496 to 1484
Resistance should appear near 1529 to 1535
May Sugar
Recommended Open Position Short at 581
Support should appear near 609 to 601
Resistance should appear near 630 to 634
May Cotton
Recommended Open Position Long 7115
Support
should appear near 7005 to
6990 and 6920 to 6905.
Resistance should appear near 7075 to 7090 and 7140 to 7170
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 25th 2004
3:15 PM South Florida Beach Time
Recommended Open Positions
Short March Canadian Dollar 7469
Long 3 March SP500 1148.3 avg
Long March Mini Nasdaq 100 1472
Short April Gold 398
Long May Copper 132.90
Short April Cattle 7600
Short 2 April hogs 5942 avg
Long 2 July Hogs / 2 Short April Hogs +97.5
Short March Pork Bellies 9702
Long May Wheat 398 1/4
Long May Corn 297 3/4
Long 4 May Coffee 7525 avg
Short May Cocoa 1470
Short May Sugar 581
Long May Cotton 7115
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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