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Morning Comments Thursday January 27th , 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
Wed, January 26th 2005
4:00 PM Eastern time
Dow Jones Industrial Average
Resistance should
appear near 10580 to 10630
Support should appear near 10360 to 10320
March SP500
Recommended open position long 3 at 1189.40 avg
Resistance should appear near 1174.7 and 1180.50
Support should appear near 1169 to1164.00.
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 1529 to 1535
Support is at 1496 to1484
March Mini Russell 2000
Recommended open position long 620
Support is at 611.3
to 610.10.
Resistance is at 625.7 to 627.0
March 10 Year T-Note
Resistance should
appear near 112-07 and 112-22
Support is
at 111-22 and 111-07
The Frenzied Forex Front
March Yen
Recommended open position short 9610
Resistance should appear near 9821 to 9837
Support should appear near 9642 to 9625
March
Euro Currency (EC)
Recommended open position short at 13037
Support should appear at 13040 then 12965 and 12890
Resistance should appear near 13100 then 13165 and 13220
March
Swiss Franc
Recommended open position short at 8501
Resistance should appear near 8484 to 8499.
Support should appear near 8406 to 8391.
BW Traders should go short if a close under 8387 occurs
March
British Pound
Recommended open position short at 18576
Support should
appear near 18650 to 18580
Resistance should appear near 18876 and 19020 to 19090
March
Canadian Dollar
Support should appear near 8044 to 8029 .
Resistance is at 8119 to 8134
March
Aussie Dollar
Recommended open position short at 7532
Support should appear near 7689 to 7675
Resistance should appear at 7763 to 7777. BW Traders can sell at 7762 and risk a close over 7867 for three days in a row,.
Precious Metals
April Gold
Resistance should appear at 430.4
to 431.5.
Support is at 424.9 to 423.8 .
March Copper
Recommended open position short at 14140
Support should appear near 14210 to 14150
Resistance should appear near 14530 to 14590.
BW Traders should go short if a close under 13740 occurs
March Silver
Support should appear near 7675.5 to 674.0 and 667.5 to 665.5
Resistance is at 680.5 to 683.5 and 690.5 to 691.0
The Exciting Energies
March Crude Oil
Resistance should appear
near 4915 to 4926 and 4973 to 4995
Support should appear near 4856 to 4845 and 4717 to 4795
March Unleaded Gas
Recommended open position short at 12830
Resistance should appear near the
13770 to 13830 region .
Support should appear near 13460 to
13340
March Heating Oil
Recommended open position short at 13270
Resistance should appear near
14150 to 14210 and 14530 to 14590.. Which should cap a rally..
Support should appear near 13830 to 13770 and 13460 to 13340
The Lively Livestock
February Cattle
Recommended open position short 8940
Support should appear near 8872 to 8857 and 8777 to 8762.
Resistance is at 8937 to 8967 and 9042 to 9062
February
Hogs
Support is 7427 to 7412 and 7342 to 7327
Resistance should appear near 7487 to 7512 and 7587
to7602
April Hogs
Support is 7512 to7487and 7437 to 7412
Resistance should appear near 7587 to 7602 and 7672 to 7692
February Pork Bellies
Recommended open Position Short at 9340
Resistance should appear near 9527 to 9542
Support is at 9447 to 9427 and 9347 to 9317
The
Grande’ Grains
March Corn
Support should appear 195 1/4 to 194 3/4 and 190 3/4 to 190 1/4
Resistance is at 199 3/4 and 203 1/2 to 204 1/4 .
March
Soybeans
Support is 521
1/4 to 520 and 513 3/4 to 512 3/4
Resistance is at 535 3/4 to 528 1/2
March
Soymeal
Support should appear near 156.9 and 153.5 to 152.9
Resistance should appear near 160.9 to161.5
March
Soybean Oil
Resistance should appear near 2034 to 2042and 2080 to2088
Support
should appear near 1946 and 1909 to
1902.
March CBOT Wheat
Support should appear near 293 3/4 to 292 3/4 region.
Resistance should appear near 303 3/4 to 304 1/2
The Satisfying Softs
March ‘The Monster’ Coffee
Recommended open position long 2 at 10415 avg
Support
is near 10470 and 10360 to10320
Resistance should appear near 10580 to 10680 and
10820
March
Cocoa
Support is at 1535 to 1529 and the 1496 to 1484 region
Resistance is at 1576 and the 1609 to 1615 region
BW Traders can sell at 1608 and risk a close over 1659 for three days in a row
March
Sugar
Recommended open position short at 907
Support should appear near 912 to 907
Resistance should appear near 932 to 941
March
Cotton
Recommended open position long at 4675
Support should appear
near 4585 to 4570 and 4515 to 4505
BW traders can buy at 4520 for the Pull..
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
Wed January 26th, 2005
4:35 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.
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Publications © copyright 1996 – 2005 all rights reserved Terms
Long March Mini Nasdaq 1577
Long March Mini Russell 620
Short March Yen 9610
Short March EC 13037
Short March Swiss Francs 8501
Short March British Pounds 18576
Short March Aussie Dollars 7532
Short March Unleaded Gas 12830
Short March Heating Oil 13270
Short Feb Cattle 8940
Short Feb Bellies 9340
Long 2 March Coffee 10415 avg
Short March Sugar 907
Long March Cotton 4675