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Morning Comments Wed March 16th, 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
Tuesday March 15th , 2005
4:45 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance is near 10820 and 10960.00 to 11010.00
Support should appear near 10680 to 10580 and 10470
June SP500
Resistance should appear near 1203.00 and 1217.50
Support should appear near 1197.50 to 1192.00.. Below that buyers should appear near 1180.50 and the 1169 to 1164.00 region. BW Traders can buy at 1169.10 and hold for higher prices..
Aggressive BW Traders should go long if a close over 1217.60 occurs
Nasdaq Composite
Support should appear near the 2015 and the 1996.00 to 1982.00 region
Resistance should appear near 2042.00 and 2061.00
June Mini Nasdaq 100
Resistance should appear near 1529 to 1535
upport is at 1496 to 1484
BW Traders can buy for a bounce at 1497 and risk a close under 1481 for three days in a row.
June Mini Russell 2000
Recommended open position long at 645.50
Support is at 627.00 to 625.70 and 619.00 to 616.50.
Resistance is at 633.70 to 635.00 and 641.7 to 643.00
June 10 Year T-Note
Resistance should appear near 108-22 and 109-07
Support should appear near 108-07 and 107-22
The Frenzied Forex Front
June Yen
Resistance should appear near 9625 to 9641 and 9706 to 9737
Support should appear near 9542 to 9526 and 9445 to 9429
BW Traders should go long if a close over 9739 occurs.
June Euro Currency (EC)
Recommended open position short at 13337
Support should appear at 13280 and 13220
Resistance should appear near 13370 to 13400 and 13460
June Swiss Franc
Recommended open position short at 8637
Resistance should appear near 8668 to 8683 and 8762 to 8777.
Support should appear near 8589 to 8560 and the 8499 to 8484 region
.
June British Pound
Support should appear near 19020 and 18836
Resistance should appear near 19090 and 19276
June Canadian Dollar
Support should appear near 8223 to 8194 and 8134 to 8119
Resistance is at 8300 to 8314 and 8391 to 8406
June Aussie Dollar
Resistance should appear near 7836 to 7864 and 7939 to 7954
Support should appear near 7777 to 7763 and 7689 to 7675
Precious Metals
April Gold
Recommended Open Position Short at 441.6
Resistance should appear at 442.5 to 444.6 and 450.3 to 451.4
Support is at 438.1 to 437 and 431.5 to 430.4.
May Copper
Support should appear near 14590 to 14530 and 142.1 to 141.5
Resistance should appear near 14840 to 14960 and 15290 to 15350 BW. Traders can sell at 152.70 and risk a close over 1.5830 for three days in a row..
BW Traders should go short if a close under 145.10 occurs.
May Silver
Support should appear near 734.5 to 732.5 Below that a test of 717.0 to 714.0 is likely,.
The Exciting Energies
April Crude Oil
Resistance should appear near 5553 to 5577 and 5640 to 5653
Support should appear near 5430 to 5418 and 5356 to 5344
April Unleaded Gas
Resistance should appear 15290 to 15350 and 15690 to 15760
Support should appear near 14960 to 14840 and 14590 to 14530
April Heating Oil
Resistance should appear 15690 to 15760 and the 16090 to 16150 region
Support should appear near 15350 to 15290 and 14960 to 14840…
The Lively Livestock
April Cattle
Recommended open position Short at 8950
Support should appear near 8872 to 8857 and 8777 to 8762.
BW Traders should go short if a close under 8847 occurs
June Cattle
Recommended open position Short at 8585
April Hogs
Support should appear near 7002 to 6992 and 6922 to 6907.
Resistance should appear near 7072 to 7087 then 7142 to 7172 and 7242 to 7257
June Hogs
Support is 7867 to 7837 then 7777 to 7762 and 7692 to 7677 region
Resistance should appear near 7937 to 7957 and 8027 to 8047
May Pork Bellies
Resistance should appear near 9042 to 9062 and the 9142 to 9157 region.
BW Traders can sell at 9137 and hold for lower prices
Support is at 8937, a close under is negative and augurs for a test of 8872 to 8857 and
the 8727 to 8762 region .. BW Traders should go short if a close under 8932 occurs.
The Grande’ Grains
May Soybeans
Support is 650 3/4 to 648 1/4 and the 643 to 641 3/4 region.
Resistance should appear near 657 3/4 to 659 1/4 and the 665 3/4 to 667 1/4 region.
May Soymeal
Support should appear near 195.3 to 194.6 and 190.9 to 190.2
Resistance should appear near 198.2 to 199.6 and 203.4 to 204.2
May Soybean Oil
Resistance should appear near 2411 to 2419 and 2461 to 2469
Support should appear near 2354 and 2322 to 2315,
May Corn
Support should appear near 218 1/2 to 217, a close under augurs for a test of 213 1/2 to 212 3/4
Resistance is at 221 3/4 to 222 3/4 and 226 3/4 to 227 1/2
May CBOT Wheat
Recommended open position short 355 1/4
Resistance should appear near the 355 1/4 to 356 1/4 and 361 1/4 to 362 1/4
Support should appear near 350 1/4 to 349 1/4 , a close under augurs for a test of 344 1/4 to 342 1/2
The Satisfying Softs
May 'The Monster' Coffee
Recommended open position Long 2 at 128.25 avg
Support is near 13460 to 13340 and 13100 to 13040 Below that buyers should appear near 12740 to 12680 and contain a decline.. BW Traders can buy at 12750 and risk a close under 11890 for three days in a row.
Resistance should appear near the 13770 to 13830, a close over is friendly and augurs for a test of the 14150 to 14210 region.
BW Traders should go long if a close over 13840 occurs
May Cocoa
Support is at 1738 to 1731 and the 1696 to 1689 region, which should hold..
Resistance is at 1774 to 1780 and 1808 to 1822
May Sugar
Support should appear near 912 to 907 and 882 to 877
BW Traders can buy at 912 and risk a close under 869 for three days in a row.
Resistance should appear near 932 to 941 and 968 to 972
May Cotton
Recommended open position Long at 5155
Support should appear near 5285 to 5255 then 5140 to 5125 and the 5070 to 5055 region
Resistance should appear near 5345 to 5355 and 5415 to 5430
Traders should go long if a close 5435 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
Monday March 14th, 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 June Mini Russell 645.50
Short June EC 13337
Short April Gold 441.6
Short April Cattle 8590
Short June Cattle 8585
Short May Wheat 355 ¼
Long 2 May Coffee 12825 avg
Long May Cotton 5155