Precious Metals - Energy - Livestock - Grains - Softs
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Morning Comments,
Monday March 1st, 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
Saturday Feb 28th 2004
6:30 AM eastern time
The
Frenzied Forex Front
March Yen
Recommended Open Position Short 9124
Resistance
should appear near 9237 and 9317 to 9347
Support should appear near 9156 to 9140 and 9060 to 9044
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 to
7954 and 8029 to 8044.
Support should appear near the 7864 to 7836 region.
March British Pound
Support should appear near 1.8580 and 1.8220 to 1.8080
Resistance should appear near 18680 and 19020 to 1.9090.
Stay tuned for Updates and Flashes
March Canadian Dollar
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
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 114-07 and 114-21
Support is at 113-22 and 113-07
Precious Metals
April Gold
Recommended Open Position Short 395
Support
should appear at 392.9
to 390.9 and the 386.7 to 385.8 region
Resistance is at 398.2 to 399.2 and 404.6 to 405.6
May Copper
Support
should appear near 134.60 to 133.40 and 131.00 to 130.40
Resistance should appear near 137.70 to 138.30
and the 141.50 to 142.10 region
May Silver
Support
should appear 667.5 to 665.5 then 659.0 to 657.5 and 650.5 to
648.5
Resistance is at 674 to 675.5 then 680.5 to 683.5 and 690.5 to 692
The Exciting Energies
April
Crude Oil
Support should appear near
3563 to 3553 and 3503 to 3493
Resistance is at 3613 to 3623
and 3663 to 3682.
April
Unleaded Gas
Resistance should appear
near 11300 to 11360 and 11640 to 11690
Support should appear near 11010 to 10960 and 10680 to
10580
BW Traders should go short if a close under 10570 occurs
April Heating Oil
Resistance should appear near 9525 to 9540 and
9705 to 9735
Support should appear near 9345 to 9315 and 9160 to 9155
The Lively Livestock
April Cattle
Recommended Open Position Short 7600
Support should appear near 7602 to 7587, a close under augurs for a test of
7512 to 7487
Resistance is at 7762 to 7777 and 7837 to 7867
April Hogs
Recommended open position short 2 at 5942 avg
Support is at 6192 to 6167 and 6112 to 6102
Resistance is at 6257 to 6272 and 6337 to 6352
Recommended open position
Long 2 July Hogs / Short 2 April Hogs +97.5
March Pork Bellies
Support
should appear near 9542 to 9527 and 9447 to 9427
Resistance is at 9642
May Pork Bellies
Support
should appear near 9737 to 9707 and 9682 to 9667
Resistance is at 9822 to
9837 and 9922 to 9937
The Grande’ Grains
May Soybeans
Resistance should appear near 952 3/4 to 954 1/4 and 970 3/4
to 973 3/4
Support should appear at 934 3/4 to 931 3/4 then 923 3/4 and 915
3./4 to 914
May
Soymeal
Support should appear near 277.5 to 275.8 then 272.4 to 271.6 and 267.2 to 266.3
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 303 3/4 to 304
1/2 and 309 1/4 to 310 1/4
Support is at 299 to 297 1/4 and 293 1/2 to 292 3/4
May CBOT Wheat
Recommended open position long at 398 1/4
Support should appear near 390 3/4 then 386 3/4 to 385
3/4 and 380 3/4 to 379 1/2
Resistance should appear near 398 1/4 to 399 1/4 and the 404 3/4 to 405
3/4 region.
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
2 at 7400 Avg
Support is near 7605 to 7585 then 7515 to 7485 and 7430 to 7415
Resistance should appear near 7690 then 7760 to 7775 and 7835 to 7865
May Cocoa
Recommended Open Position Short 1470
Support is at 1535 to 1529
Resistance should appear near 1609 to 1615
May Sugar
Recommended Open Position Short at 581
Support should appear near 609 to 601
Resistance should appear near 630 to 634
May Cotton
Support
should appear near 7345 to
7325 and 7255 to
7240.
Resistance should appear near 7415 to 7430 and 7485 to 7515
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
Saturday
February 28th 2004
8:15 AM South Florida Beach Time
Recommended Open Positions
Short March Yen 9124
Long 3 March SP500 1148.3 avg
Long March Mini Nasdaq 100 1472
Short April Gold 395
Short April Cattle 7600
Short 2 April hogs 5942 avg
Long 2 July Hogs / 2 Short April Hogs +97.5
Long May Wheat 398 1/4
Long May Corn 297 3/4
Long 2 May Coffee 7400 avg
Short May Cocoa 1470
Short May Sugar 581
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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