Economic and Investment Trend Analysis - Socio Economics 
Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
 Premier Service - Platforms - Quote - Economic Calendar - Online Signup - Bi-Weekly Outlook Archives - Special Reports  DIY Index  

FuturesCom Investment Publications
Morning Comments Wed January 19th 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

Tuesday January 18th  2005
5:00 PM  Eastern time   

Open BW Positions

                                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10630 and 10680 .
Support should appear near 10580 and 10470  Which should contain a decline

March SP500
Recommended open position long  2 at 1199.50  avg
Resistance should appear near  1203.00 and 1217.50
Support should appear near 1192.00 then 1180.50 and the 1169.00 to 1164.00 region.  Below that buyers should appear near 1150.00.  BW traders can buy at 1169.30 and plan on risking a close under 1161.00 for three days in a row

Nasdaq Composite
Support should appear near 2089 to 2088, under that and 2042 to 2034 should bring buyers out of the woodwork
Resistance should appear near 2126 to 2134, an extended trade or close over augurs for a test of 2170 to 2185   

March Mini Nasdaq 100
Recommended open position long at 1577
Resistance is at 1609 to 1635
Support is at 1576 to1569 and 1535 to 1519  Which should contain a decline. 

March Mini Russell 2000
Recommended open position long 620
Support is at 619 to 616.5 and 611.30 to 610.10. Below that buyers should appear near 603.50 to 602.30 . 
Resistance is at 625.70 to 627.00 an extended trade over is friendly and augurs for a test of the 633.70 to 635.00 region.

March 10 Year T-Note
Resistance should appear near 112-07 and 112-22.
Support is at 111-22., a close under augurs for a test of  111-07.

                                       The Frenzied Forex Front

March Yen
Recommended open position short 9610
Resistance should appear near 9821to to 9837and 9921 to 9937
Support should appear near 9737 to 9706 and 9641 to9625  

March Euro Currency (EC)
Recommended open position short at 13037
Support should appear at 13100 to 13040, a close under augurs for a test of 12740 to 12680.
Nearby Resistance should appear near 13160 and 13220, beyond that sellers should appear near 13340 to 13460.. Traders can sell at 13337 and risk a close over 13490 for three days in a row.

March Swiss Franc
Recommended open position short at 8501 
Resistance should appear near 8484 to 8499 and the 8560 to 8589 region..
Support should appear near 8406 to 8391, a close under augurs for a test of 8314 to 8300.
BW Traders should go short if a close under 8387 occurs

March British Pound
Support should appear near 18580 region… a close under augurs for a test of 18220 to 18080 
Resistance should appear near  18680 and 18867 
BW Traders should go short if a close under 18576 occurs. 

March Canadian Dollar
Recommended open position short 2 at  8185 avg
Support should appear near 8134 to 8119 and the 8044 to 8029 region.
Resistance is at 8194 to 8223 and 8300 to 8314

March Aussie Dollar
Recommended open position short at 7532
Support should appear near 7513 to 7486 region.. A  slip under augurs for a test of  7428 to 7414 and
the 7342 to 7328 region.  
Resistance should appear at 7587 to 7601 and 7675 to 7689.  Traders can sell at 7584 and risk a close over 7607 for three days in a row.  Beyond that sellers should appear near 7763 to 7777 and the 7836 to 7864 region.. Traders can sell at 7762 and risk a close over 7867 for three days in a row.     
BW Traders should go short if a close under 7547 occurs

Precious Metals

February Gold
Resistance should appear at  423.8 to 424.9 and the 430.4 to 431.5 region.
Support is at 418.3 to 416.3  below that a trade towards the 412.0 to 411.0 region is likely..   

March Copper
Support should appear near 13830 to 13770 and 13460 to 13340      
Resistance should appear near 14150 to 14210 and the 14530 to 14590 region. BW Traders can sell at 14140 and risk a close over 14690  for three days in a row

BW Traders should go short if a close under 13740 occurs

March Silver
Support should appear near 650.5 to 648.0.. below that buyers should appear near 635.0 to 633.5.. 
Resistance is at  667.5 and the 674.o to 675.5 region .  Beyond that sellers should appear near  699.0 to 700.5. 

                                    The Exciting Energies

March Crude Oil
Resistance should appear near  4915 to 4926 
Support should appear near 4785 to 4775 

March Unleaded Gas 
Recommended open position short at 12830
Resistance should appear near 13040 to 13100 , and the 13340 to 13460 region .
Support should appear near 12740 to 12680.. A close under augurs for a test of  12380 to12320

 March Heating Oil
Resistance should appear 13460 and the 13770 to 13830 region. Beyond that sellers should appear near
14150 to 14210 and 14530 to 14590.. Which should cap a rally..
Support should appear near 13340 then 13100 to 13040 and the 12740 to 12680 region  Below that a test of
12380 to 12320  is likely.

BW Traders should go short if a close under 13330 occurs   

The Lively Livestock

February Cattle
Support should appear near 9062 to 9042 and 8967 to 8937. 
Resistance is at 9137 to9157 and 9317 to 9347

BW Traders should go short if a close under 9037 occurs

February Hogs
Recommended open Positions Short 2 at  7567 avg
Spread : Short 2 Feb / Long 2 June Hogs  -195 
Support is 7517 to 7487 .. A close under augurs for a test of 7427 to 7412 .
Resistance should appear near  7587to7602 and 7672 to 7687 

February Pork Bellies
Recommended open Position Short 2 at 9482 avg  
Resistance should appear near  9347 and  9422 to 9447  
Support is at 9317 then 9237 and  the 9157 to 9137 region



                                 The Grande’ Grains

March Corn
Support should appear 195 ¼ to 194 ¾ and 190 ¾ to 190 ¼ 
Resistance is at 198 ¼ to 199 ¾ and 203 ½ to 204 ¼ .

March Soybeans
Support is  512 ¾  and the 506 ¾ to 505 ¾ region. Below that slip towards 499 ½ to 497 ½
and the 492 ¾ to 491 ½ region is likely.. Under that buyers should appear near 485 ¾ to 484 ½
BW Traders can buy at 485 ¼  for a good bounce .. risk a close under 476 ¾ for three days in a row.. 
Resistance is at 520 to 521 ¼ and 525 ¾  to 528 ½ ..Beyond that sellers should appear near 534 ½ to 535 ¾
and the 541 ¾ to 543 region

March Soymeal
Support should appear near 153.5 to 152.9 and the 149.6 to 148.4 region   
Resistance should appear near 156.9 to 157.6 and the 160.9 to 161.5 region. 

March Soybean Oil
Resistance should appear near 1946to1953 and 2034 to 2042
Support should appear near 1909 to 1902. Below that buyers should appear near 1865 to 1858.

March CBOT Wheat
Support should appear near 293 ¾ to 292 ¾ region....  
Resistance should appear near 303 ¾ to 304 ½ 

                                      The Satisfying Softs


March  ‘The Monster’ Coffee
Recommended open position Long 3 at 10240 avg   
Support is near 10360 to 10320 and 10185 
Resistance should appear near 10475.. an extended trade or close over augurs for a test of 10580 to 10680 

March Cocoa 
Support is at 1496 to 1484 region.. A close under is negative and augurs for a test of 1459 to 1453 and eventually the 1421 to 1415 region. 
Resistance is at 1529 to 1535 and 1569 to 1576.. Beyond that sellers should appear near 1609 to 1615.  BW Traders can sell at 1608 and risk a close over 1659 for three days in a row.. 

BW Traders should go short if a close under 1483 occurs.. 

March Sugar
Support should appear near 882 to 877, a close under augurs for a test of  852 to 847 
Resistance should appear near 907 to 912 and 932 to 941.. BW  Traders can sell at 907 for a turn lower and risk a close over 947 for three days in  row. 

March Cotton
Recommended open position long at 4675
Support should appear near 4650to 4635 then 4585 to 4570 and 4515 to 4505.  BW  Traders can buy at 4520 for the pull  
Resistance should appear near 4695 to 4715.  A close over is friendly and augurs for a test of 4775 to 4785 and the 4845 to 4855 region.  
.

- 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

Tuesday January 18th, 2005
6:00 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
Long  2 March SP500 1199.50 avg 
Long March Mini Nasdaq 1577
Long March Mini Russell 620
Short March Yen 9610
Short March EC 13037
Short March Swiss Francs 8501
Short 2 March Canadian Dollar 8185 avg
Short March Aussie Dollars  7532
Short March Unleaded Gas 12830
Short 2  Feb Hogs 7567 avg 
Short 2 Feb / Long 2 June Hogs  -195 
Short  2 Feb Bellies 9482 avg  
Long 3 March Coffee 10240 avg  
Long March Cotton 4675