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Morning Comments,
Friday March 19th, 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 18th 2004
6:15 PM .. West Palm Beach Time
Resistance should appear near 9429 to 9445
Support should appear near 9347 to 9316
June Euro Currency (EC)
Support
Resistance is at 12360 to 12380 and 125
June Swiss
Franc
Recommended Open Position Short 2 at 7884 avg
Resistance should appear near 8029 to 8044
Support should appear near 7954 to 7939.
June British Pound
Support
Resistance should
appear near 18220 and 18580 to 18650
Stay tuned for Updates and Flashes
June Canadian Dollar
Support should
appear near 7513 to 7486 and 7428 to 7414
Resistance is at 7587 to 7601 and
7575 to 7689. BW Traders can sell at 7586 and risk a close over 7643 for
three days in a row.
June Aussie Dollar
Support
should appear near 7428 to 7414 and 7342 to 7328
Resistance should appear 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 and 10470
Support should appear near 10257 and 10180
June SP500
Recommended open position long at 1101.30
Resistance should appear near 1130 to 1136.
Support should appear near
1115.50 and 1101 to
1096
Nasdaq Composite
Resistance should appear near 1982 to 1996
Support should appear near 1959 to 1946 and 1909 to 1902
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 then 116-22
Support
is
at 115-22 and 115-07
April Gold
Recommended Open Position Short 2 at 403.1 avg
Support should appear at 411 and 405.6 to 404.6
Resistance is at 416.3 to 418.3
May Copper
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 742.5 to 741.5 and 734.5 to 732.5
Resistance is at 748.5 to 751.5 and 776.5
to 778.0
--Stay tuned for updates—
The Exciting Energies
May
Crude Oil
Resistance should
appear near 3734 to 3743 and 3795 to 3806
Support is at 3682 to
3663 and 3623 to 3613
April Unleaded
Gas
Resistance should appear
near 11640 to 11690 and 11920 to 12030
Support should appear near 11360 to
11300 and 11010 to
10960
April Heating Oil
Resistance should appear near 9705 to
9735 and 9920 to 9935
Support should
appear near 9345 to 9315 and 9060 to 9045
Trade Accordingly…
The Lively Livestock
April Cattle
Support should appear near 8045 to 8027 and 7867 to 7832
Resistance is at 8122 to 8137 and 8302 to 8312
April Hogs
Support is at 6512 to 6487 and 6432 to 6417
Resistance is at 6657 to 6672 and 6742 to 6757
May Pork
Bellies
Support should appear near 9937 to 9922 and 9837 to 9822
Resistance is at 10320 to 10360
The Grande’ Grains
May Soybeans
Resistance is at 1032 to 1036 and 1047
Support should appear at 1005 to 1000 and 973 3/4 to 970 3/4
Trade According and Stay tuned for Updates
May
Soymeal
Support should appear near 310.2 to 309.2 and 299 to 297.2
Resistance should appear near 319.4 to 321.3 and 326.1 to 327
May Soybean
Oil
Resistance should appear near 3425 to 3443 and 3493 to 3503
Support should appear near 3386
to 3377 and 3270 to 3261
May Corn
Resistance
should appear near 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4
Support is at 310 1/4 to 309 1/4 and 304 1/2 to 303 3/4
Support
should appear near 392 3/4 to 390 3/4 and 386 3/4 to 385 3/4
Resistance should appear near 411 to 412 and 430 1/4 to 431 1/2
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 7605 to 7585 and 7345 to 7325
Resistance should appear near 7765 to 7775 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 6670
to 6655 and 6510
to 6485
Resistance should appear near 6905 to 6920 and 7075 to 7090
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
Thursday March 18th 2004
7:45 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 2 June Swiss Franc 7884 avg
Short June Canadian Dollars 7467
Long June SP500 1101.30
Short 2 April Gold 403.1 avg
Long May Wheat 391 1/2
Long 2 May Coffee 7550 avg