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Morning Comments Friday January 14th 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
Thursday January 13th 2005
8:00 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance
should appear near 10580 to 10630.
Support should appear near10470 and 10360 to 10320
March SP500
Recommended open position long at 1203.00
Resistance should appear near 1180.50 and 1192.00 to 1203.00
Support should appear near the 1169.00 to 1164.00 region.
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 1197.70 occurs
Nasdaq Composite
Support should appear near 2042 to 2034
Resistance should appear near 2080 to 2088.
March Mini Nasdaq 100
Recommended open position long at 1577
Resistance is at 1569 to 1576
Support is at 1535 to 1529.
March Mini Russell 2000
Recommended open position Long at 620
Support
is at 611.3 to 610.1 and 595.7 to 594
Resistance is at 616.5 to 619.0 and 633.7 to 635
March 10 Year T-Note
Resistance should appear near
112-07.Beyond that sellers should appear near 112-22
Support is at
111-22 and 111-07
The Frenzied Forex Front
March Yen
Recommended open position Short at 9610
Resistance should appear near 9821 to 9837
Support should appear near 9737 to 9706
March Euro Currency (EC)
Support should appear at 13100 to 13040
Resistance should appear near 13220 and 13340 to 13460
March Swiss Franc
Resistance should appear near 8560 to 8589 and 8668 to 8683
Support should appear near 8499 to 8484.. Below that a test of 8406 to9391
is likely. .
March British Pound
Support
should appear near
18650
to18580
Resistance should appear near
18876 and 19020 to 19090
March Canadian Dollar
Recommended open position short at 8187
Support should appear near 8223
to 8194
Resistance is at 8300 to 8314
March Aussie Dollar
Support
should appear near 7513 to 7487
Resistance should appear at 7587 to
7601
Precious Metals
February Gold
Resistance should appear at 430.4 to 431.5
Support is at 423.8 and 418.3 to
416.3
March Copper
Support should appear near 13460 to 13340
Resistance should appear near 13830 and 14150 to 14210
March Silver
Support should appear near 667.5 to 665.5 and 659.5 to 657.5
Resistance
is at 674 to 675.5 and 680.5 to 683.5
The Exciting Energies
Feb Crude Oil
Resistance should appear near
4845 to 4856 and 4915 to 4926
Support should appear near
4785 to 4775 and 4717 to 4695
Feb Unleaded Gas
Resistance should appear near 12680 to 12740
Support should appear near 12030 to 11920.
Feb Heating Oil
Resistance should appear near 13770
to 13830 and 14150 to 14210
Support should appear near 13340 and 13100 to 13040
The Lively Livestock
February Cattle
Support should appear near 9062 to 9042 and 8967 to 8932
Resistance is at 9137 to 9157 and 9317 to 9347
February Hogs
Recommended open position short at 7575
Short 2 Feb / Long 2 June Hogs -195
Support is 7602 to 7587 and 7512 to 7487.
Resistance should appear near 7672 to 7692 and 7762 to 7777
February Pork Bellies
Recommended open position short at 9622
Resistance should appear near 9622 to 9642 and 9707 to 9737
Support is at 9542 to
9527and 9447 to 9427.. Below that a test of 9347 to 9312 is likely.
BW Traders should go short if a lose under 9312 occurs.
The Grande’ Grains
March Corn
Recommended open position long at 209 1/4
Support should appear near 195 1/4 to 194 3/4
Resistance is at 203 1/2 to 204 1/4
March Soybeans
Support is at 535
3/4 to 534 1/2 and 528
1/4 to 525 1/2.
Resistance is at 541 3/4 to 543 and 549 1/4 to 550 1/2
March Soymeal
Support should appear near 161.5 to 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
Resistance
should appear near 2034 to 2042 and 2080 to 2088
Support should appear near
1196 to 1982 and 1953 to1946
March CBOT Wheat
Recommended open position long 304 3/4
Support should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4
Resistance should appear near 314 3/4 to 315 3/4 and 219 1/2 to 321 1/4
BW Traders should go long if a close over 310 3/4 occurs
The Satisfying Softs
March ‘The Monster’ Coffee
Recommended open position long 2 at 10150 avg
Support is near 10040 to 10020 and 9935 to 9920 .
Resistance should appear near 10185 and 10320 to 10360
.
March Cocoa
Support
is at the 1496 to 1484
Resistance is at 1529 to 1535
March Sugar
Support
should appear near 852 to 847
Resistance should appear near 877 to 882
March Cotton
Support should appear
near 4585 to 4570 and 4515 to 4505
Resistance should appear near 4695 to 4715 and 4775 to 4785
- 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
Thursday January 13th, 2005
9:35 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
Long March Mini Nasdaq 1577
Long March Mini Russell 620
Short March Yen 9610
Short March Canadian Dollar 8187
Short Feb Hogs 7575
Short 2 Feb / Long 2 June Hogs -195
Short Feb Bellies 9622
Long March Corn 209 1/4
Long March Wheat 304 3/4
Long 2 March Coffee 10150 avg