FuturesCom
Investment Publications
Morning Comments,
Thursday March 4th, 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 March 3rd 2004
3:00 PM eastern time
The
Frenzied Forex Front
March Yen
Resistance
should appear near 9140 to 9156
Support should appear near 9060 to 9044
March Euro Currency (EC)
Support
should appear at 12030 to 11960
BW Traders can buy at 12037 for a bounce and risk a close under 11962 for
three days in a row.
Resistance is at 12320 and 12380
March Swiss Franc
Resistance
should appear near 7762 to
7777 and 7836 to 7864
Support should appear near the
7689 to 7675 region
March British Pound
Support should appear near 1.8220 to 1.8080
Resistance should appear near 18580 to 18680.
Stay tuned for Updates and Flashes
March Canadian Dollar
Support should appear near
7428 to 7414
Resistance is at 7486 to 7513
March Aussie Dollar
Support
should appear near 7486 and 7428 to 7414
Resistance should appear at 7587 to 7601.
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 10630 to 10680
Support should appear near 10580 and 10470
March SP500
Recommended Open Position Long 4 at 1150.20 avg
Resistance
should appear near 1164.00 to 1169.00
Support should appear near 1150 and 1136.00 to 1130.00.
Trade accordingly and Stay tuned for updates and flashes …
Nasdaq Composite
Resistance should appear near 2080 to 2089
Support should appear near the 2034 and 1996 to 1982
March Mini Nasdaq 100
Resistance
is at 1484 to 1496
Support should appear near the 1459 to 1453 region.
June 10 Year T-Note
Resistance should
appear near 113-22 and 114-07
Support is at 113-07
Precious Metals
April Gold
Support
should appear at 392.9
to 390.9 and 386.7 to 385.8
Resistance is at 398.20 to 399.20
May Copper
Support
should appear near 13040 and 12740 to 12680 .. below that buyers should
appear near 12380 to 12320.. BW Traders can buy at 12390 and risk a close under
11940 for three days in a row.
Resistance should appear near 13340
to 13460
May Silver
Support
should appear 667.5 to 665.5 and 651 to 648.5
Resistance is at 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 3628 and 3663 to 3682
April
Unleaded Gas
Resistance should appear
near 11320 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 9525 to 9540 and
9705 to 9735
Support should appear near 8870 to 8855 and 8775 to 8760 ..
BW traders should go short if a close under 8665 occurs.
The Lively Livestock
April Cattle
Support should appear near 7777 to 7762 and 7692 to 7672
Resistance is at 7867 and 8027 to 8042
April Hogs
Recommended open position short at 6017
Support is at 6037 to 6022 and 5957 to 5942
Resistance is at 6102 to 6112 and 6257 to 6272
Recommended open position
Long 2 July Hogs / Short 2 April Hogs +97.5
Traders should cancel all recommendations in March Pork Bellies
May Pork Bellies
Support
should appear near 9737 to 9707 and 9542 to 9527
Resistance is at 9822 to
9837 and 9922 to 9937
The Grande’ Grains
May Soybeans
Resistance should appear near 944
1/.2 and 962 1/2 to 964 1/4
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 and 272.4 to 271.6
Resistance should appear near 287.4 to 288.3 and 297.2 to 299
May Soybean Oil
Resistance should appear near 3377 to 3386 and 3425 to 3443
Support should appear near 3328 to 3319 and 3270 to 3261 .
May Corn
Resistance
should appear near 299 and 303 3/4 to 304
1/2
Support is at 293 1/2 to 292 3/4 and 288 1/4 to 287 1/2
May CBOT Wheat
Recommended open position long at 398 1/4
Support should appear near 368 1/4 to 366 1/4
Resistance should appear near 385 3/4 to 386 3/4 .
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
2 at 7400 Avg
Support is near 7170 to 7140 and 7005 to 6990
Resistance should appear near 7415 to 7430 and 7585 to 7605
May Cocoa
Support
is at 1484 and 1421 to 1415
Resistance should appear near 1529 to 1535 and 1569 to 1576
May Sugar
Recommended Open Position Short at 581
Support should appear near 601 and 586 to 582
Resistance should appear near 630 to 634
May Cotton
Support
should appear near 6990 and
6835 to 6810.
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
March 3rd 2004
3:20 PM South Florida Beach Time
Recommended Open Positions
Long 4 March SP500 1150.20 avg
Short April Cattle 7600
Short April hogs 6017
Long 2 July Hogs / 2 Short April Hogs +97.5
Long May Wheat 398 1/4
Long 2 May Coffee 7400 avg
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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