Economic
and Investment Trend Analysis - Socio Economics
Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy -
Livestock - Grains - Softs
Premier
Service - Platforms -
Quotes - Online
Signup - Bi-Weekly Outlook Archives
- Special
Reports DIY Index
FuturesCom
Investment Publications
Morning Comments Tuesday January 4th 2005
Serving
Professional and Individual Traders World Wide since 1988
7690 Rockport Circle , Lake Worth , Florida
33467 - USA and Canada Toll Free : 1-866-409-3890
- Intl : 1- 561-433-2995 http://www.futurescom.com
Monday January 3rd 2005
1:00 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near the 10820 and 10960 to 11010
Support should appear near 10680 to 10630 and 10580
March SP500
Resistance should appear near 1217.5 and 1232.00 to 1238.00
Support should appear near 1203.00 to 1192.00. BW Traders can buy at 1203.00 for a good bounce and hold for higher prices .. Below that buyers should appear near 1180.50 and the 1169.00 to 1164.00 region
Which should contain a decline , BW traders can buy at 1169.30 and plan on risking a close under 1161.00 for three days in a row
BW Traders should go long if a close over 1217.50 occurs
Nasdaq Composite
Support should appear near 2134 to 2126 .
Resistance should appear near 2170 to 2185.
March Mini Nasdaq 100
Resistance is at 1642 to 1655
Support is at 1615 to 1609.
BW Traders should go long if a close over 1629 occurs
March Mini Russell 2000
Support is at 643.0 to 641.7 and the 635.00 to 633.7 region BW Traders can buy at 635.6 and risk a close under 632.9 for three days in a row.
Resistance is at 648.3 to 650.9 and 657.7 to 659.1,
BW Traders should go long if a close over 659.7 occurs
March 10 Year T-Note
Resistance should appear near 112-07 and 112-22.
Support is at 111-22 . Below that support should appear near 111-07
The Frenzied Forex Front
March Yen
Resistance should appear near 9921 to 9937,
Support should appear near 9737 to 9706
BW Traders should go short if a close under 9702 occurs.
March Euro Currency (EC)
Support should appear at 13460 to 13340
Resistance should appear near 13605 and the 13770 to 13830 region.
March Swiss Franc
Resistance should appear near 8777 the 8856 to 8871 region.
Support should appear near 8683 to 8668 .
March British Pound
Recommended open position short 18962
Support should appear near 18870 and
the 18650 to 18580 region.
Resistance should appear near 19020 to 19090 and 19276
March Canadian Dollar
Recommended open position short 8281
Support should appear near 8223 to 8194,
Resistance is at 8300 to 8314
March Aussie Dollar
Recommended Open position short at 7752
Support should appear near the 7689 to 7675 region.
Resistance should appear at 7763 to 7777 and 7834 to 7864,
Precious Metals
February Gold
Resistance should appear at 430.4 to 431.5 and 437 to 438.1
Support is at 424.9 to 423.8 .. Below that a test of 418.3 to 416.3 is likely.
March Copper
Support should appear near 14590 to 14530 and 14210 to 14150
Resistance should appear near the 14840 to 14960 and the 15290 to 15350 region.
March Silver
Support should appear near 650.5 to 648.0 and 627. to 625.5
Resistance
The Exciting Energies
Feb Crude Oil
Resistance should appear near 4238 to 4249 and 4304 to 4315
Support should appear near 4183 to 4163 and 4056 to 4046
Feb Unleaded Gas
Resistance should appear near 11300 to 11360 and the 11640 to 11690 region .
Support should appear near 11010 to 10960 and the 10680 to 10580 region
Feb Heating Oil
Resistance should appear near 12320 to 12380 and 12680 to 12740
Support should appear near 11690 to 11640 and 11360 to 11300
The Lively Livestock
February Cattle
Support should appear near 8777 to 8762 and 8682 to 8667
Resistance is at 8857 to 8872 and 8932 to 8967
BW Traders should go short if a close under 8757 occurs
February Hogs
Support is 7602 to 7587 and 7517 to 7487 .. A close under augurs for a test of 7427 to 7412
Resistance should appear near 7672 to 7687 and the 7762 to 7777 region ..
BW Traders should go short if a close under 7577 occurs.
February Pork Bellies
Resistance should appear near 9527 to 9542 .. Beyond that sellers should appear near 9707 to 9737 BW Traders can sell at 9622 and risk a close over 9857 for three days in a row
Support is at 9447 to 9427 and 9347 to 9317.BW Traders should go short if a close under 9312 occurs
The Grande’ Grains
March Corn
Support should appear near 199 3/4 to 198 1/4 and 195 1/2 to 194 3/4
Resistance is at 203 1/2 to 204 1/4 and 208 to 208 3/4, .
BW traders should go long if a close over 209 1/4 occurs.
March Soybeans
Support is at 535 3/4 to 534 1/2 and the 528 1/4 to 525 3/4 region.
Resistance is at 541 3/4 to 543 and 549 1/4 to 550 1/2
March Soymeal
Support should appear near 160.9 and 157.6 to 156.9.
Resistance should appear near 164.2 to 165.5 and 168.9 to 169.6. BW Traders can sell at 168.8 for a turn lower and risk a close over 174.1 for three days in row ..
March Soybean Oil
Recommended open position short at 2002
Resistance should appear near 2034 to 2042 and 2080 to 2089
Support should appear near 1953 to 1946.
March CBOT Wheat
Recommended open position long 304 3/4
Support should appear near 299 to 297 1/4.
Resistance should appear near 309 1/4 to 310 1/2
BW Traders should go long if a close over 310 3/4 occurs
The Satisfying Softs
March ‘The Monster’ Coffee
Recommended open position long at 10350
Support is near 10140 to 10125. Below that buyers should appear near 10035 to 10020 .
Resistance should appear near 10320 to 10360 and 10580 to 10680
BW Traders should go long if a close over 10475 occurs
March Cocoa
Recommended open position short at 1527
Support is at the 1496 to 1484 region.. A close under is negative and augurs for a test of 1459 to 1453
Resistance is at 1569 to 1576 and 1609 to 1615.
March Sugar
Recommended open position short 908
Support should appear near 912 to 907
Resistance should appear near 932 to 941.
March Cotton
Support should appear near 4385 to 4370 .. Below that buyers should appear near
the 4250 to 4235 and 4186 to 4165 region. BW Traders can buy at 4260 and hold for higher prices , risk a close under 4105 for three days in a row.
Resistance should appear near 4505 to 4515, and the 4570 to 4585 region. A close over is friendly and augurs for a test of 4635 to 4650..
- A Ship in Harbor is Safe...But that is not what ships are built for –
Happy Trading!
Bill wil@futurescom.com
1-866-409-3890
Monday January 3rd, 2005
2:00 PM South Florida Beach Time
THIS PUBLICATION IS SUBJECT TO REVISIONS AND 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 – 2005 all rights reserved Terms
Current BW Recommended Open Positions
Short March Canadian Dollars 8281
Short March Aussie Dollars 7752
Short March Bean Oil 2002
Long March Wheat 304 3/4
Long March coffee 10350
Short March Cocoa 1527
Short March Sugar 908