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Morning Comments Friday March 4th, 2005
Serving
Professional and Individual Traders World Wide since 1988
7690 Rockport Circle , Lake Worth , Florida
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Saturday March 5th , 2005
3:30 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near the 10960.00 to 11010.00 region
Support should appear near 10680.00 to 10630.00 and 10580.00.
March SP500
Recommended open position Long at 1203.1
Resistance should appear near 1217.50 and the 1232.00 to 1238.00 region
Support should appear near 1203 to 1197.50 and 1192.00.. Below that buyers should appear near 1180.5
BW Traders should go long if a close over 1217.60 occur.
Nasdaq Composite
Support should appear near 2042.00 to 2034.00 and 1996 to 1982
Resistance should appear near 2080.00 to 2089.00 and 2126 to 2134
March Mini Nasdaq 100
Recommended open position long at 1537.50
Resistance remains at 1529.00 to 1535.00 and 1569 to 1576
Support is at 1496.00 to 1484.00 and the 1459.00 to 1453.00 region
March Mini Russell 2000
Recommended open position long at 635.50
Support is at 635.00 to 633.70 and the 627.00 to 625.70 region
Resistance is at 641.70 to 643.00 and the 648.30 to 650.90 region
BW Traders should go long if a close over 643.10 occurs.
June 10 Year T-Note
Resistance should appear near 110-07 and 110-22. Beyond that sellers should appear near
111-07 and 111-22
Support is at 109-22 and 109-07.. Below that buyers should appear near 108-22 then 108-07 and 107-22.
The Frenzied Forex Front
June Yen
Recommended open position short at 9624
Resistance should appear near 9625 to 9641 and the 9706 to 9737 region
Support should appear near 9542 to 9526 and 9445 to 9429.
BW Traders should go short if a close under 9524 occurs
June Euro Currency (EC)
Recommended open position short at 13218
Support should appear at the 13100 to 13040 and the 12740 to 12680 region.
Resistance should appear near 13165 then 13220 and 13340 to 13460.
BW Traders can sell at 13337 and risk a close over 13472 for three days in row..
June Swiss Franc
Recommended open position short at 8567
Resistance should appear near 8560 to 8589 and 8667 to 8683.
Support should appear near 8499 to 8484 and the 8406 to 8391 region..
June British Pound
Recommended open position short at 18973
Support should appear near 18836 and the 18650 to 18580 region
Resistance should appear near 19020 to 19090 and 19276
June Canadian Dollar
Support should appear near 8044 to 8029 and 7954 to 7939 ..
Resistance is at 8119 to 8134 and 8194 to 8223.
BW Traders should go short if a close under 8026 occurs
June Aussie Dollar
Resistance should appear near 7836 to 7864 and 7939 to 7954
Support should appear at 7763 and 7689 to 7675
BW Traders should go short if a close under 7761 occurs.
Precious Metals
April Gold
Resistance
should appear at 431.5 then 437 to 438.1 and 442.5 to 444.5
Support is at 424.9 to 423.8 and the 418.3 to 416.3 region...
BW Traders should go short if a close under 430.2 occurs
May Copper
Support should appear near14590 to 14530 and 14210 to 14150
Resistance should appear near 14840 to 14960 and 15290 to 15350
May Silver
Support should appear near 725.5 to 724.5 and 700.5 to 699.5
Resistance is at 741.5 to 742.5 and 748.5 to 751.5.
The Exciting Energies
April Crude Oil
Resistance should appear near 5344 to 5356 and the 5553 to 5577 region
Support should appear near 5282 to 5259 and 5211 to 5210
April Unleaded Gas
Resistance should appear 15290 to 15350 and the 15690 to 15760 region.
Support should appear near 14960 to 14840 and the 14590 to 14530 region
April Heating Oil
Resistance should appear 15290 to 15350 and the 15690 to 15760 region.
Support should appear near 14840 then 14590 to 14530 and the 14210 to 14150 region
April Cattle
Recommended open position short at 8545
Support should appear near 8777 to 8762 and 8682 to 8667
Resistance is at 8872 then 8932 to 8967 and the 9042 to 9067 region
BW Traders should go short if a close under 8477 occurs
April Hogs
Recommended open position short at 7340
Spread : Short 2 April Hogs 7255 / Long 2 July Hogs 7320
Support should appear near 7602 to 7587 and 7512 to 7487
Resistance should appear near 7672 to 7687 and 7762 to 7777
BW Traders should go Short if a close under 7412 occurs
June Hogs
Support is at 8132 to 8117 and 8047 to 8027..
Resistance should appear near 8192 to 8222 and 8302 to 8317
May Pork Bellies
Resistance should appear near 9142 to 9157 and the 9317 to 9347 region.. BW Traders can sell at 9312 and risk a close over 9557 for three days in a row .
Support is at 9042 then 8967 to 8932 and the 8872 to 8857 region
BW Traders should go short if a close under 8757 occurs.
The Grande’ Grains
May Soybeans
Support is 625 3/4 then 619 to 616 1/2 and 611 1/4 to 610 1/4
Resistance should appear near 633 3/4 to 635 and 641 3/4 to 643
May Soymeal
Support should appear near 186.5 to 185.8 and 182.2 to 180.8
Resistance should appear near 190.2 to 190.9 and 194.6 to 195.3
May Soybean Oil
Resistance should appear near 2315 to 2322 and the 2354 to 2370 region.
Support should appear near 2275 to 2267and 2226 to 2219
May Corn
Support should appear near 217 and the 213 1/2 to 212 3/4 region.
Resistance is at 221 3/4 to 222 3/4 and the 226 3/4 to 227 1/2 region.
May CBOT Wheat
Resistance should appear near 342 1/2 to 344 1/4 and the 349 1/2 to 350 1/4 region. Beyond that sellers should appear near 355 1/2 to 356 1/4 ..BW Traders can sell at 355 1/4 and risk a close over 363 1/4 for three days in a row.
Support should appear near 337 3/4 and the 332 3/4 to 331 3/4 region.
The Satisfying Softs
May 'The Monster' Coffee
Recommended open position Long 3 at 11675 avg
Support is near 12030 to 11920 and the 11690 to 11640 region.. Below that buyers should appear near 11360 to 11300 region.. BW Traders can buy at 11690 and risk a close under 11290 for three days in a row. Resistance should appear near 12320 to 12380 and the 12680 to 12740 region. Beyond that a test of 13040 to 13100 and the 13340 to 13460 region is likely.
May Cocoa
Support is at 1696 to 1689 and 1655 to 1642
Resistance is at 1731 to 1738 and 1774 to 1780
May Sugar
Recommended Open Position Long at 906
Support should appear near 882 to 877
Resistance should appear near 907 to 912.
May Cotton
Support should appear near 4995 to 4975 and 4925 to 4915.. Below that buyers should appear near 4855 to 4845 and the 4785 to 4775 region.. Which should contain a decline. BW Traders can buy at 4860 and risk a close under 4755 for three days in a row.
Resistance should appear near 5055 to 5065 and the 5125 to 5140 region.. Beyond that sellers should appear near 5255 to 5285
BW Traders should go long if a close over 5145 occurs.
- 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 March 3rd , 2005
4:40 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 June Yen 9624
Short June EC 13218
Short June Swiss Francs 8567
Short June British Pounds 18973
Short April Cattle 8545
Short April Hogs 7340
Spread : Short 2 April Hogs 7255 / Long 2 July Hogs 7320
Long 3 May Coffee 11675 avg
Long May Sugar 906