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Morning Comments,
Wed March 17th, 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
Tuesday March 16th 2004
4:15 PM .. West Palm Beach Time
Resistance should appear near 9237 and 9316 to 9347
Support should appear near 9156 to 9140
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 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 7257 to 7242 and 7170 to 7143
Resistance should appear at 7342 and 7414 to 7428
Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should
appear near 10257 and 10320 to 10360
Support should appear near 10180 and 10136 to 10104
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 1953 and 1982 to 1996
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 116-22
Support
is
at 116-07 and 115-22
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 137.70 to 138.30 and 141.5 to
142.10
May Silver
Support should appear 717.0 to 714.5 and 700.5 to 699
Resistance is at 724.5 to 725.5 and
741.5 to 742.5
--Stay tuned for updates—
The Exciting Energies
April
Crude Oil
Resistance should
appear near 3795 to 3806 and 3858 to 3867
Support is at 3682 to 3663
April Unleaded
Gas
Resistance should appear
near 11300 to 11360 and 11620 to 12030
Support should appear near 11010 to
10960 and 10360 to 10320
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 8222 to 8192 and 8045 to 8027
Resistance is at 8302 to 8312 and 8882 to 8502
April Hogs
Support is at 6512 to 6882 and 6352 to 6337
Resistance is at 6577 to 6592 and 6657 to 6672
Recommended Open Position
Long 2 July Short 2 April + 97.5 avg
May Pork
Bellies
Support should appear near 9737 to 9707 and 9542 to 9527
Resistance is at 9922 to 9937 and
10022 to 10037
BW Traders should go short if a close under 9522 occurs
The Grande’ Grains
May Soybeans
Resistance is at 1002 1/4 to 1003 3/4 and 1010 1/2 to 1013 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 293.7 to 292.8 and 288.3 to 287.4
Resistance should appear near 303.6 to 304.5 and 309.2 to 310.2
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
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 7935 to 7955 and 8025 to 8045
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 6655 to 6670 and 6740 to 6755
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
Tuesday March 16th 2004
5:40 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 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