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Morning Comments,
Monday March 15th, 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 March 13th 2004
7:45 AM .. West Palm Beach 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 7834
to 7864 and 7939
to 7954
BW Traders can sell at 7991 and risk a close over 8083 for three days in a
row.
Support should appear near 7777 to 7763 , a slip under augurs for an
eventual test of 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
Support should
appear near 7428 to 7414 , close under is negative and augurs for a test of the
7342 to 7328 region.
Resistance is at 7486 to 7513 and 7587 to 7601. BW
Traders can sell at 7586 for a turn lower and risk a close over
7643 for
three days in a row.
June Aussie Dollar
Recommended Open Position Long 7257
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 10320 to 10360
Support should appear near 10136 to 10104 and 10037 to 1002.
Below that buyers should appear near 9937 to 9921
June SP500
Recommended open position long 2 at 1110..20 avg
Resistance should appear near 1130 to 1136.
Support should appear near 1101 to
1096
Nasdaq Composite
Resistance should appear near 1996 and 2034 to 2042
Support should appear near 1953 to 1946
June Mini
Nasdaq 100
Resistance is at 1453 to 1459
Support is at 1421 to 1415
June 10 Year
T-Note
Resistance
should
appear near 116-07
and 116-22
Support
is
at 115-22 and 115-07
April Gold
Recommended Open Position Short 395.6
Support should appear at 392.9 to 390.9
and 386.7 to 385.8
Resistance is at the 398.2 to 399.2 and 404.6 to 405.6
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 700.5 to 699 then 692 to 690.5 and 683.5 to 681.0
Resistance is at 707.5 to 708.5 then 714.5 to 717.0 and 724.5 to 725.5
--Stay tuned for updates—
The Exciting Energies
April
Crude Oil
Resistance should
appear near 3663 to 3682 and 3734 to 3743
Support is at 3613 and 3563 to 3553.. a
slip under augurs for a test of 3503
to 3493 and the 3443 to 3425 region.
April Unleaded
Gas
Resistance should appear
near 11010 then 11300 to 11360 and the 11640 to 11690 region.
Support should appear near 10680 to
10580 and 10360 to 10320
April Heating Oil
Resistance should appear near 9045 to
9060 and 9315 to 9345
Support should
appear near 8775 to 8760. A close under augurs for another test of
8590 to 8560
Trade Accordingly…
The Lively Livestock
April Cattle
Support should appear near 8137 to 8117 and 7957 to 7937
Resistance is at 8192 to 8222 and 8302 to 8312
April Hogs
Support is at 6353 to 6337 and 6272 to 6257
Resistance is at 6482 to 6507 and 6577 to 6592
Recommended Open Position
Long 2 July Short 2 April + 97.5 avg
May Pork
Bellies
Support should appear near 9737 to 9707 then 9642 to 9622 and 9542 to 9527
Resistance is at 9822 to 9837 then
9922 to 9937 and 10022 to 10037
The Grande’ Grains
May Soybeans
Resistance is at 970 3/4 to 973 3/4 and 982 1/4 to 983 3/4
Support should appear at 954 1/4 to 952 3/4 and 944 1/2 to 942 3/4
Trade According and Stay tuned for Updates
May
Soymeal
Support should appear near 288.3 to 287.4 and 277.5 to
275.8
Resistance should appear near 297.2 to 299 and 303.6 to 304.5
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
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 avg
Support is near 7585 then 7515 to 7485 and 7430 to 7415
Resistance should appear near 7675 to 7690 then 7765 to 7780 and 7835 to 7865
May Cocoa
Support
Resistance should appear near 1415 to 1421 and 1484 to 1496
May
Sugar
Support should appear near 661 to 656 and 634 to 630
Resistance should appear near 682 to 686 and 704 to 712
May Cotton
Support
should appear near 6430
to 6415 and 6350 to 6335
Resistance should appear near 6485 to 6510 and 6575 to 6590
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 March 13th 2004
9:00 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
Short June Canadian Dollars 7467
Long June Aussie Dollar 7257
Long 2 June SP500 1110.20 avg
Short April Gold 395.60
Long 2 July Hogs / 2 Short April Hogs +97.5
Long May Corn 301 1/2
Long May Wheat 362 1/4
Long 2 May Coffee 7550 avg