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Morning Comments Friday Feb 11th, 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 Feb 10th 2005
4:30 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10820 and 10960 to 11010
Support should appear near 10680 to 10630 and 10580 .
March SP500
Resistance
should appear near 1203.00 and 1217.50
Support should appear near 1192.00 and 1186.7.
Nasdaq
Composite
Support should appear near 2042.00 to 2034.00
Resistance should appear near 2080 to 2088
March
Mini Nasdaq 100
Resistance is at 1529 to 1535
Support is at 1496 to 1484
March Mini Russell 2000
Support is at 619 to 616.5 and 611.30 to 610.10. Below that buyers should appear near 603.50 to 602.30 and the 595.70 to 594.50 region. Which should hold. BW Traders can buy at 611.4 for a bounce and risk a close under 600.9 for three days in a row.
Resistance is at 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 113-07 and 113-22
Support is
at 112-22 and 112-07
The Frenzied Forex Front
March Yen
Resistance should appear near 9526 to 9542 and 9625 to 9641
Support
should appear near 9445 to 9429 and the 9347 to 9316 region
March
Euro Currency (EC)
Support
should appear at 12740 to 12680.
Resistance should appear near 12890 and 13040 to 13100
March
Swiss Franc
Resistance
should appear near 8300 to 8314 and8391 to 8406
Support should appear near 8223 to 8194 and 8134 to 8119
March
British Pound
Support
should
appear near 18650 to 18580
Resistance should appear near 18742 and 18836
March Canadian Dollar
Support should appear near 8044 to 8029
Resistance is at 8119 to 8134.
March
Aussie Dollar
Resistance
should appear near 7834 to 7864
Support should appear at 7777 to 7763
Precious Metals
April Gold
Resistance should appear at 423.8 to 424.9
Support is at 418.3 to 416,3
March Copper
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 691.5 to 690.5 and 683.5 to 680.5
Resistance should appear near 699 to 700.5 and 714.5 to 717.0
The
Exciting Energies
March Crude Oil
Resistance should appear
near 4717 and 4775 to 4785
Support should appear near 4650 to 4639 and 4582 to 4571
March Unleaded Gas
Resistance should appear near 13040 to 13100
Support should appear near 12740 to 12680
March Heating Oil
Resistance should appear 13340 to 13460 and 13770 to 13830
Support should appear near 13100 to 13040 and 12740 to 12680
The Lively Livestock
April Cattle
Support should appear near 8667 and 8592 to 8562
Resistance is at 8762 to 8777 and 8857 to 8872
BW Traders should go short if a
close under 8662 occurs
April
Hogs
Support should appear near 7142 then 7087 to 7072 and 7002 to 6992
Resistance should appear near to 7242 to 7257 and 7327 to 7342
March Pork Bellies
Resistance
should appear near 8857 to 8872 and 8932 to 8962
Support is at 8682 to 8667 and 8592 to 8562
.
The Grande’ Grains
March Corn
Support should appear 194 3/4 and 190 3/4 to 190 1/4
Resistance is at 198 1/4 to 199 3/4 and 203 1/2 to 204 1/4.
March Soybeans
Support is should appear near 513 3/4 to 512 3/4 and 506 3/4 to 505 3/4
Resistance is at 520 to 521 1/4 and 525 3/4 to 528 1/4
March
Soymeal
Support should appear near 153.5 to 152.9 and the 149.6 to 148.4 region.
Below that buyers should appear near 145.9 to 145.3 BW Traders can buy at 146.1 and hold for higher prices
Resistance should appear near 156.9 to 157.6 and 160.9 to 161.5
March
Soybean Oil
Resistance should appear near 1902 to 1909 and 1946 to 1953
Support
should appear near 1865 to
1858 and 1822 to 1808
BW Traders can buy at 1867 for a bounce and risk a close under 1802 for three
days in a row..
March
CBOT Wheat
Support should appear near 293 3/4 to 292 3/4 and 288 1/4 to 287 1/2
Resistance should appear near 297 1/4 to 299 and the 303 3/4 to 304 1/2 region
The Satisfying Softs
March
‘The Monster’ Coffee
Support
is near11360 to 11300 and 11010 to 10960
Resistance should appear near 11640 to 11690 and 11805
May
Coffee
Recommended open position Long 4 at 11205 avg
Support is near 11500 and the 11360 to 11300 region.
Resistance should appear near 11690 and the 11920 to 12030 region.
May
Cocoa
Support
is at 1535 to 1529 and 1496 to 1484
Resistance is at 1569 to 1576 and 1609 to 1615
May
Sugar
Support
should appear near 941 to 932
Resistance should appear near 968 to 972
May
Cotton
Support should appear
near 4515 to 4505 and 4445 to 4425
Resistance should appear near 4635 to 4650 and 4775 to 4785
Happy
Trading
!
Bill
wil@futurescom.com
1-866-409-3890
Thursday Feb 10th 2005
5:30 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
BW Recommended Open
Positions
Short March Canadian Dollars 8008
Short 2 April Hogs 7432 avg
Spread : Short 2 April Hogs / Long 2 July Hogs -120
Long 4 May Coffee 11205 avg
Long 2 May Cotton 4410