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 Friday Feb 18th, 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
Note : Monday All US Markets are closed in observance of Presidents day. On Sunday Globex opens at normal time and halts Monday at 11:30 AM EST and Forex halts at 1:00 PM EST
Thursday Feb 17th 2005
2:30 PM Eastern time
Resistance should appear near 10820 and the 10960 to 11010 region
Support should appear near 10757.. Below that 10680 to 10630 offers support.
March SP500
Recommended open position Long at 1203.1
Resistance should appear near 1203.00 and 1217.50
Support should appear near 1197.50 to 1192.00 Below that Buyers should appear near 1180.5 and the 1169.00 to 1164.00 region BW Traders can buy at 1180.5 and risk a close under 1171.90 for three days in a row..
Nasdaq Composite
Support should appear near 2061 and 2042 to 2034
Resistance should appear near 2088 to 2089
March Mini Nasdaq 100
Resistance is at 1529.00 to 1535.00
Support is at 1496.00 to 1484.00
March Mini Russell 2000
Recommended open position long at 635.5
Support is at 627.00 to 625.70
Resistance is at 633.70 to 635.00
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 and 110-22
The Frenzied Forex Front
March Yen
Resistance should appear near 9526 to 9542
Support should appear near 9445 to 9429
Aggressive BW Traders should go short if a close under 9427 occurs
March Euro Currency (EC)
Recommended open position Short at 13027
Support should appear at 13040 and12890 , below that a test of the 12740 to 12680 region is likely.
Resistance should appear near 13100 and 13160
BW Traders should go short if a close under 12890 occurs
March Swiss Franc
Recommended open position Short at 8389
Resistance should appear near 8484 to 8499
Support should appear near 8406 to 8391
March British Pound
Support should appear near 18650 to 18580
Resistance should appear near 19020 to 19090
March Canadian Dollar
Recommended open position short at 8117
Support should appear near 8134 to 8119
Resistance is at 8194 to 8223.
BW Traders should go short if a close under 8026 occurs.
March Aussie Dollar
Resistance should appear near 7939 to 7954
Support should appear at 7864 to 7836 .
Precious Metals
April Gold
Resistance
BW Traders can sell at 436.9 and risk a close over 439.5 for three days in a row
Support is at 424.9 to 423.8 and 418.3 to 416.3
Support
Resistance should appear near 14960 and the 15290 to 153.50 region
May Silver
Support should appear near 725.5 to 724.0 and 717 to 714.0
Resistance
is at 748.5 to 751.5 and 776.0 to 777.5
The Exciting Energies
April Crude Oil
Resistance should appear near 4845 to 4855 and 4915 to 4926
Support should appear near 4785 to 4775 and 4717 to 4695
March Unleaded Gas
Resistance should appear near 12680 to 12740 and13040 to 13100
Support should appear near 12320 and 12030 to 11920
March Heating Oil
Resistance should appear 13340 to 13460 and 13770 to 13830
Support should appear near 13100 to 13040 and the 12740 to 12680 region
The Lively Livestock
April Cattle
Support
Resistance is at 8762 to 8777 and 8857 to 8872
BW Traders should go short if a close under 8662 occurs
April Hogs
Recommended open position short at 7340
Support is should appear near 7342 to 7327 and 7257 to 7242
Resistance should appear near 7417 to 7427 and the 7487 to 7512 region
BW Traders should go short if a close under 7232 occurs
June Hogs
Support is at 7777 to 7762 and 7687 to 7672
Resistance should appear near 7837 to 7862 and 7937 to 7957 .
March Pork Bellies
Resistance should appear near 8667 to 8682 and 8762 to 8777.. Beyond that sellers
should appear near 8857 to 8872
Support is at 8592 to 8562 then 8407 to 8392 and 8317 to 8302
The Grande’ Grains
May Soybeans
Support
is 550 1/2 to 541 3/4 and 543 to 541 3/4.
Resistance is at
555 1/4 to 557 3/4 and 564 to 565 1/4
May Soymeal
Support
should appear near 169.6 to 168.9 and 165.5 to 164.2
Resistance should appear near 173.1 to 173.8 and 177.4 to 178.0 .
May Soybean Oil
Recommended open position Long at 1997
Resistance should appear near 1996 and 2034 to 2042
Support should appear near 1953 to 1946 and 1909 to 1902
BW Traders should go long if a close over 2044 occurs
May Corn
Support should appear 203 1/2 and 199 3/4 to 198 1/4
Resistance is at 208 to 208 3/4 and 212 3/4 to 213 1/2.
May CBOT Wheat
Recommended open position long 309 1/4
Support should appear near 299 to 297 1/4 and 293 3/4 to 292 3/4
Resistance should appear near 303 3/4 to 304 1/2 and 309 1/4 to 310 1/2
The Satisfying Softs
March ‘The Monster’ Coffee
Support
Resistance should appear near 11920 to 12030 and the 12320 to 12380 region
May Coffee
Recommended open position Long 4 at 11205 avg
Support is near 11920 and 11690 to 11640 below that buyers should appear near 11500
Resistance should appear near the 12320 to 12380 region.. Beyond that a test of 12680 to 12740 is likely
May Cocoa
Recommended open position short at 1569
Support is at 1615 to 1609 and 1576 to 1569
Resistance is at 1642 to 1655 and 1689 to1696
May Sugar
Support should appear near and 912 to 907..
BW Traders can buy at 914 and risk a close under 905 for three days in a row.
Resistance should appear near 932 to 941
May Cotton
Recommended open position long at 4685
Support should appear near 4650 to 4635 then 4585 to 4570 and 4515 to 4505 ..BW Traders can buy at 4525 and risk a close under 4365 for three days in a row..
Resistance should appear near 4695 to 4715 then 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
Thursday Feb 17th 2005
3:00 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
BW Recommended Open
Positions
Long March SP500 1203.1
Long March Mini Nasdaq 1535.5
Long March Mini Russell 635.5
Short March EC 13027
Short March Swiss Francs 8389
Short March Canadian Dollars 8117
Short April Hogs 7340
Spread : Short 2 April Hogs 7255 / Long 2 July Hogs 7320
Long May Bean Oil 1997
Long May Wheat 309 1/4
Long 4 May Coffee 11205 avg
Short May Cocoa 1569
Long May Cotton 4685