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 12th, 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 11th 2004
11:30 PM eastern time
Resistance should appear near 9044 to 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.
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 7939
to 7954 and 8029 to 8044
BW Traders can sell at 7991 and risk a close over 8083 for three days in a
row.
Support should appear near 7836 and 7777 to 7763
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 7170 to 7143 and 7088 to 7074
Resistance should appear at 7242 to 7257 and 7328 to 7342
Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should
appear near 10185 and 10320 to 10360
Support should appear near 10104 and 10037 to 1002. Below that buyers should appear near 9937 to 9921
June SP500
Recommended open position long at 1119.20
Resistance should appear near 1130 to 1136.
Support should appear near 1101 to
1096 and 1068.00 to 1058.00
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 1946 to 1953
Support should appear near 1909 to 1902
June Mini
Nasdaq 100
Resistance is at 1415 to 1421
Support is at 1383 to 1377
June 10 Year
T-Note
Resistance
should
appear near 116-22
and 117-07 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 13100 to 13030 and 127.40 to 126.80
Resistance should
appear near 133.40 to 134.60 and 13770 to 13830.
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 3734 to 3743 and 3858 to 3867
Support is at 3682 to 3663 and 3503
to 3493
April Unleaded
Gas
Resistance should appear
near 11640 to 11690
Support should appear near11010 to
10960 and 10360 to 10320
April Heating Oil
Resistance should appear near 9045 to
9060 9316 to 9347
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 and 7957 to 7937
Resistance is at 8192 to 8222 and 8302 to 8312
April Hogs
Support is at 6272 to 6257 and 6192,
Resistance is at 6417 to 6432 6482 to 6507
Recommended Open Position
Long 2 July Short 2 April + 97.5 avg
May Pork
Bellies
Support should appear near 9737 to 9707 and 9642 to 9622 .
Resistance is at 9837 and
9922 to 9937 and 10022 to 10037
The Grande’ Grains
May Soybeans
Resistance is at 952 3/4 to 954 3/4 and 982 1/4 to 983 3/4
Support should appear at 934 3/4 to 931 3/4 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 288.3 and 303.6 to 304.5
May Soybean
Oil
Resistance should appear near 3493 to 3503
Support should appear near 3270 to 3261
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 299 to 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
2 at 7555
Support is near 7515 to 7485 and 7430 to 7415
Resistance should appear near 7835 to 7865 and 8300 to 8315
May Cocoa
Support
Resistance should appear near 1415 to 1421 and 1484 to 1496
May
Sugar
Support should appear near 634 to 630
Resistance should appear near 704 to 712
May Cotton
Support
should appear near 6430
to 6415 and 6350 to 6335
Resistance should appear near 6655 to 6670 and 6810 to 6835
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
Friday March 12th 2004
12:30 AM 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 Aussie Dollar 7257
Long June SP500 1119.20
Long 2 July Hogs / 2 Short April Hogs +97.5
Long May Corn 301 1/2
Long 2 May Wheat 380 1/4 avg
Long 2 May Coffee 7555 avg