Economic
and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones -
Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments,
Friday March 5th, 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
Thursday March 4th 2004
2:00 PM eastern time
The
Frenzied Forex Front
March Yen
Resistance
should appear near 9044 to 9060
Support should appear near 8964 to 8934
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
7487 and 7428 to 7414
Resistance is at 7513 and 7551
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 2042 to 2034
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 13100 to 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
3623 to 3613
Resistance is at 3682 and
3734 to 3743
April
Unleaded Gas
Resistance should appear
near 11155 and 11320 to 11360
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 9315 to
9345 and 9525 to 9540
Support should appear near 9155 to 9140 and 9060 to 9045..
BW traders should go short if a close under 8665 occurs.
The Lively Livestock
April Cattle
Support
should appear near 7867 to 7837
Resistance is at 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
May Pork Bellies
Support
should appear near 9542 to 9527 9447 to 9427
Resistance is at 9707 to
9737 and 9822 to
9837
The Grande’ Grains
May Soybeans
Resistance should appear near 942 3/4 to 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 3319 to 3328 and 3377 to 3386
Support should appear near 3270 to 3261 and
3213 to 3194
May Corn
Resistance
should appear near 297 1/2 to 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 374 1/4 to 373 1/2 and 368 1/4 to 366 1/4
Resistance should appear near 379 1/2 to 380 1/2 and 385 3/4 to 386 3/4 .
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
at 7450
Support is near 7430 to 7415 and 7345 to 7325
Resistance should appear near 7485 to 7515 and 7585 to 7605
May Cocoa
Support
is at 1459 to 1453 and 1421 to 1415
Resistance should appear near 1484 to 1496 and 1529 to 1535
May Sugar
Support
should appear near 609 to 601 and 586 to 582
Resistance should appear near 630 to 634
May Cotton
Support
should appear near 6835 to 6810.and
6670 to 6655
Resistance should appear near 6990 to 7005 and 7075 to 7090
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
Thursday
March 4th 2004
3:00 PM South Florida Beach Time
Recommended Open Positions
Long 4 March SP500 1150.20 avg
Short April hogs 6017
Long 2 July Hogs / 2 Short April Hogs +97.5
Long May Wheat 398 1/4
Long May Coffee 7450
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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