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Morning Comments,
Tuesday March 16th, 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
Monday March 15th 2004
6:00 PM eastern time
Resistance should appear near 9140 to 9156 and 9237
Support should appear near 9060 to 9044
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 7864 and 7939
to 7954 .. Beyond that 8029 to 8044 should cap a rally
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 , 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 7486to 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 71242 and 7170 to 7143
Resistance should appear at 7328 to 7342
Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should
appear near 10136 and 10180
Support should appear near 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 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 1379
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 399.2
to 398.2
Resistance is at 404.6 to 405.6
May Copper
Recommended open Position Long at 134.75
Support should appear near 134.60 to 133.40 and 13100 to 13030
Resistance should
appear near 13770 to 13830
May Silver
Support should appear 700.5 to 699 then 692 to 690.5 and 683.5 to 681.0
Resistance is at 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 3858 to 3867 and 4046 to 4056
Support is at 3682 to 3663.
April Unleaded
Gas
Resistance should appear
near 11640 to 11690 and 11920 to 12030
Support should appear near 11010 to
10960
April Heating Oil
Resistance should appear near 9315 to 9345 and
9525 to 9540
Support should
appear near 9060 to 9045 and 8965 to 8935
Trade Accordingly…
The Lively Livestock
April Cattle
Support should appear near 8045 to 8027 and 7867 to 7837
Resistance is at 8122 to 8137 and 8302 to 8312
April Hogs
Support is at 6352 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 9642 to 9622 then 9542 to 9527 and 9447 to 9427
Resistance is at 9707 to 9737
then 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 982 1/4 to 983 3/4 1002 1/4 to 1003 3/4
Support should appear at 973 3/4 to 970 3/4 and 954 1/4 to 952 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 299 and 303.6 to 304.5
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
Recommended Open position Long at 301 1/2
Resistance should appear near 309 1/4 to 310 1/4 and the 314 3/4 to 315 3/4
region
Support is at 304 1/2 to 303 3/4 and 299 to 297 1/2
Support should appear near 368 1/4 to 366 1/4 and 362 1/4 to 361
1/4
Resistance should appear near 373 1/2 to 374 1/4 and 385 3/4
to 386 3/4
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 7690 to 7675 and 7605 to 7585
Resistance should appear near 7765 to 7780 and then 7935 to 7955 region
May Cocoa
Support
Resistance should appear near 1484 to 1496 and 1529 to 1535
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 6510
to 6485 then 6430
to 6415 and 6350 to 6335
Resistance should appear near 6575 to 6590 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
Monday March 15th 2004
7:30 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
Short June Canadian Dollars 7467
Long June Aussie Dollar 7257
Long 2 June SP500 1110.20 avg
Short April Gold 395.60
Long May Copper 134.75
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