Economic
and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones -
Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments,
Thursday March 11th, 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 10th 2004
5:30 PM eastern time
Resistance should appear near 9060 and 9140 to 9156.
BW Traders can sell at 9136 for a turn lower
risk a close over 9238 for three days in a row .
Support should appear near 8964 to 8934, a close under augurs for a test of 8871
to 8856 and the 8771 to 8762 region..
Aggressive BW Traders should go short if a close under
8929 occurs.
June Euro Currency (EC)
Support
Resistance is at 12320 and 12350 to 12380
June Swiss
Franc
Recommended Open Position Short at 7777
Resistance should appear near 7807
and 7836 to 7864
Support should appear near 7763 and the 7689 to 7675
Trade accordingly and stay tuned for updates..
June British Pound
Support
Resistance should
appear near 18080 to 18220.
Stay tuned for Updates and Flashes
June Canadian Dollar
S
Resistance is at 7587 to 7601. BW
Traders can sell at 7586 for a turn lower and risk a close over 7643for
three days in a row.
June Aussie Dollar
Support should appear near 7342 to 7328 region , which should
contain a decline for, a bit..
Resistance should appear at 7428 and 7486 to 7513
Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should
appear near 10320 to 10360
Support should appear near 10257 and 10185
June SP500
Recommended open position long at 1119.20
Resistance should appear near 1130 to 1133 .
Support should appear near 1115.50
and the 1101 to 1096 region.
BW traders can buy at 1101.30 and risk a close under 1094.20 for three days in a
row.
Nasdaq Composite
Resistance should appear near 1982 to 1996
Support should appear near 1953 to 1946
March SP500
Recommended open position long at 1150.20
June Mini
Nasdaq 100
Resistance is at ,1453 to 1459
Support is at 1421 to 1415 and 1383 to 1377
June 10 Year
T-Note
Resistance
should
appear near116-07 is likely.. A close
over is
which should Cap a rally for some time..
Support
is
at 115-22 and 115-07
April Gold
Support should appear at 398.2
to 399.2 , a close under is negative and augurs for a test of 392.9 to 390.9
Resistance is at the 404.6 to 405.6 and 411.0 to
412.0 , which should bring out sellers.
BW Traders can sell at 410.7 for a turn lower and risk a close over 419.7
for three days in a row.
Aggressive BW Traders should go short if a close under 397.7 occurs.
May Copper
Support should appear near 127.40 to 126.80 and 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 130.30 to 131.00 and the 133.40 to 134.60 region.
BW Traders should go long if a close over 134.20 occurs.
May Silver
Support should appear 708.5 to 707.5 and 683.5 to 681.0
Resistance is at 732.8 to 734.2
--Stay tuned for updates—
The Exciting Energies
April
Crude Oil
Resistance should
appear near 3663 to 3683 and 3734 to 3743
Support is at 3563
to 3553 and 3503 to 3493
April Unleaded
Gas
Resistance should appear
near 10960 to 11010
Support should appear near10680 to
10580 and 10360 to 10320
April Heating Oil
Resistance should appear near 8855 to
8870 and 9045 to
9060
Support should
appear near 8775 to 8760. A close under augurs for a test of
8590 to 8560
Trade Accordingly…
The Lively Livestock
April Cattle
Support should appear near 8135 to 8117
Resistance is at 8565 to 8590
April Hogs
Support is at 6192 to 6167 and 6112 to 6102 ,
Resistance is at 6272 then 6337 to 6352 and 6417 to 6432
Recommended Open Position
Long 2 July Short 2 April + 97.5 avg
May Pork
Bellies
Support should appear near 9707 and 9642 to 9622 .
Resistance is at 9822 to 9837 and
9922 to 9937
BW Traders should go
short if a close under 9522 occurs.
The Grande’ Grains
May Soybeans
Resistance is at 942 3/4 to 944 1/2 and 952 3/4 to 954 3/4
Support should appear at 915 3/4 to 914 and 906 to 904 1/2
Trade According and Stay tuned for Updates
May
Soymeal
Support should appear near 277.5 to
275.8 and 272.4 to 271.6
Resistance should appear near 282.0 to 282.9 and 287.4 to 288.3
May Soybean
Oil
Resistance should appear near 3261 to 3270 and 3319 to 3328
Support should appear near 3213 to 3194 and
3157 to 3148
May Corn
Recommended Open position Long at 301 1/2
Resistance should appear near 303 3/4 to 304 1/2 and 314 3/4 to 315 3/4
Support is at 297 1/2 and 288 ¼ to 287 1/4
Support should appear near 362 1/4 to 361
1/4 and 356 1/4 to 355 1/4
Resistance should appear near 366 1/4 to 368 1/4 and 373 1/2 to 374 1/4
BW Traders should go long if a close over 374 3/4 occurs
Trade Accordingly and Stay tuned for updates
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
7450
Support is near 7430 to 7415 and 7345 to7325
Resistance should appear near 7485 to7515 and 7585 to 7605, a close
over augurs for a test of 7675 to 7690
BW Traders should go long if a close over 7530 occurs .
May Cocoa
Support
Resistance should appear near 1415 to 1421
May
Sugar
Support should appear near 634 to 630 and 609 to 601
Resistance should appear near 656 to 661
May Cotton
Support
should appear near 6350 to
6335 and 6270 to 6255
Resistance should appear near 6485 to 6510 and 6655 to 6670
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 10th 2004
6:15 PM South Florida Beach Time
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
Recommended Open Positions
Short June Swiss Franc 7777
Long June SP500 1119.20
Long March SP500 1150.20
Long 2 July Hogs / 2 Short April Hogs +97.5
Long May corn 301 1/2
Long 2 May Wheat 380 1/4
Long May Coffee 7450