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Morning Comments Wed March 9th, 2005
Serving
Professional and Individual Traders World Wide since 1988
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Tuesday March 8th , 2005
3:45 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near 10960.00 to 11010.00
Support should appear near 10890.00 and 10820.00
June SP500
Resistance
should appear near 1232.00 to 1238.00
Support should appear near 1217.50 and 1203.00 to 1192.00.
Nasdaq Composite
Support should appear near 2061 and 2043 to 2034
Resistance should appear near 2080.00 to 2089.00
June Mini Nasdaq 100
Resistance
should appear near 1569.00 to 1576.00
Support is at 1535.00 to 1529.00
June Mini Russell 2000
Recommended open position long at 645.50
Support is at 635.00 to 633.7 and 627.00 to 625.70
Resistance is at 641.7 to 643.00 and the 648.30 to 650.90 region ..
June 10 Year T-Note
Resistance should appear near 110-07 and 110-22.
Support is at 109-22 and 109-07
The Frenzied Forex Front
June Yen
Resistance
should appear near 9625 to 9641
Support should appear near 9542 to 9526
BW Traders should go short if a close under 9524 occurs
June Euro Currency (EC)
Recommended open position short at 13337
Support should appear at 13340 and 13220
Resistance should appear near 13430 to 13460
June Swiss Franc
Recommended open position short at 8567
Resistance should appear near 8667 to 8683 and 8762 to 8777
Support should appear near 8589 to 8560 and 8499 to 8484
June British Pound
Recommended open position short at 18973
Support should appear near 19090 to 19020
Resistance should appear near 19276 and 19460 to 19530
June Canadian Dollar
Support should appear near 8223 to 8194
Resistance is at 8300 to 8314.
June Aussie Dollar
Resistance should appear near 7939 to 7954
Support should appear at 7864 to 7836
Precious Metals
April Gold
Resistance
should appear at 442.5 to 444.5
Support is at 438.1 to 437.0
May Copper
Support should appear near 14840 and 14590 to 14530
Resistance should appear near 14960 and 15290 to 15350
May Silver
Support should appear near 750.5 to 748.5 and 734.5 to 732.5
Resistance is at 767.5 to 769.0 and 776.0 to 777.5
The Exciting Energies
April Crude Oil
Resistance should appear near 5490 to 5504 and the 5553 to 5577 region
Support should appear near 5430 to 5418 and 5356 to 5344
April Unleaded Gas
Resistance should appear 15690 to 15760 and 16090 to 16150..
Support should appear near 15350 to 15290 and 14960 to 14890
April Heating Oil
Resistance should appear 15290 to 15350 and 15690 to 15760
Support should appear near 14960 to 14840 and 14590 to 14530
April Cattle
Recommended open position short at 8545
Support should appear near 8872 to 8857 and 8777 to 8762
Resistance is at 8932 to 8967 and the 9042 to 9067 region
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
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 9042 to 9062 and the 9142 to 9157 region. Beyond that sellers should appear near 9317 BW Traders can sell at 9312 and risk a close over 9557 for three days in a row.
Support is at 8967 to 8932 and the 8872 to 8857 region
The Grande’ Grains
May Soybeans
Support is 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 640
May Soymeal
Support should appear near 182.2 to 180.8 and 178.0 to 177.8
Resistance should appear near 185.8 to 186.5 and 190.2 to 190.9
May Soybean Oil
Resistance should appear near 2354 to 2370 and 2411 to 2419
Support should appear near 2322 to 2315 and 2275 to 2267
May Corn
Support should appear near 213 1/2 to 212 3/4.
Resistance is at 217 to 218 1/2 and 221 3/4 to 222 3/4
May CBOT Wheat
Resistance should appear near 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4
Support should appear near 332 3/4 to 331 3/4 and 327 to 326 1/4
The Satisfying Softs
May 'The Monster' Coffee
Recommended open position Long at 121.80
Support is near 13100 to 13040 and 12740 to 12680
Resistance should appear near the 13340 to 13460 and 13770 to 13830
May Cocoa
Support is at 1696 to 1689 and 1655 to 1642
Resistance is at 1780.. Beyond that a test of 1808 to 1822 is likely.
May Sugar
Recommended Open Position Long at 906
Support should appear near 882 to 877
Resistance should appear near 907 to 912.
May Cotton
Recommended open position Long at 5155
Support should appear near 5140 to 5125 and 5070 to 5055
Resistance should appear near 5255 to 5285 and 5345 to 5355
- 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 March 8th , 2005
4:50 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 June Mini Russell 645.50
Short June EC 13337
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 May Coffee 12180
Long May Sugar 906
Long May Cotton 5155