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FuturesCom Investment Publications
Morning Comments Monday March 21st,  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 

Sunday  March 20th ,  2005
1:00  AM  Eastern time   

Open BW Positions   

                                         The Sensational Stock and Bond Markets  
Dow Jones Industrial Average
Resistance is near 10630 then 10680 and 10820
Support should appear near 10580 then 10470 and 10360 to 10320

June SP500
Resistance should appear near 1192.00 to 1197.50 and 1203.00    
Support should appear near  1180.50.. Below that buyers should appear near  the 1169.00 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 1996.00 to 1982.00 region  
Resistance should appear near 2034.00 to 2042.00

June Mini Nasdaq 100  
Recommended open postion long at 1497
Resistance should appear near 1529 to 1535
Support is at 1484 and 1459 to 1453

June Mini Russell 2000
Recommended open position long at 645.50
Support is at  619.00 to 616.50 and 611.30 to 610.10. Below that 603.5 to 602.3 should contain a decline 
Resistance is at 625.70 to 627.00 and the 633.7 to 635.0 region   

June 10 Year T-Note  
Resistance should appear near 109-07 and  109-22. Beyond that 110-07 should cap a rally 
Support  should appear near 108-22 and 108-07.. Below that 107-22 should hold

                              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 the 9445 to 9429 region.  
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 13220, a slip undefr augurs for a test of the 13100 to 13040 region..  
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 the 8762 to 8777 region  
Support should appear near 8589 to 8560 and the 8499 to 8484 region 

June British Pound
Support should appear near 1.9090 to 1.9020 and 1.8836   
Resistance should appear near 1.9276 and 1.9460 to 1.9530

June Canadian Dollar
Support should appear near 8314 to 8300 and 8262
Resistance is at  8352 and 8391 to 8406  

June Aussie Dollar
Resistance should appear near 7939 to 7954
Support should appear near 7864 to 7836

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 14960 to 14840 and 14590  to 14530 
Resistance should appear near 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..A close under augurs for a test of 717.0 to 714.0.
Resistance is at 748.5 to 751.5 and the 758.5 to 760.5 region. 

                                    The Exciting Energies
April Crude Oil
Resistance should appear near 5716 to 5729 and 5792 to 5805
Support should appear near 5577 to 5553 and 5504 to 5492

April Unleaded Gas 
Resistance should appear 16090 to 16150 and the 16420 to 16550 region 
Support should appear near 15690 and the 15350 to 15290 region 

April Heating Oil
Resistance should appear 15760 and the 16090 to 16150 region 
Support should appear near 15350 to 15290 and the 14960 to 14840 region. 

 The Lively Livestock  

April Cattle
Recommended open position Short 2 at 8897 avg
Support should appear near 8682 to 8667 and the 8592 to 8562 region
Resistance is at 8762 to 8777 and the 8857 to 8872 region  

April Hogs
Support should appear near 7002 to 6992 then 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 7957 and 8027 to 8047

May Pork Bellies
Recommended open position short at 9137
Resistance should appear near 9047 to 9062 and the 9142 to 9157 region 
Support is at 8967 to 8937, another slip or  close under is negative and augurs for a test of 
 the 8872 to 8857 region.  BW  Traders should go short if a close under 8932 occurs.

                                  The Grande’ Grains
May Soybeans
Support is to 648 1/4 and the 643 to 641 3/4 region. .. Below that  635 to 633 3/4 and 627 to 625 3/4 offers support.. Under that 619 to 616 1/2 should hold..BW Traders can buy at 619 3/4 for a bounce and risk a close under 601 1/4for three days in a row.
Resistance should appear near 657 3/4 to 659 1/4 and the 665 3/4 to 667 1/4 region. Beyond that sellers should appear near 674 1/4 to 675 1/2   

May Soymeal
Support should appear near 190.9 to 190.2 and 186.5 to 185.8
Resistance should appear near 194.6 to 195.3 and 198.2 to 199.6 

May Soybean Oil
Resistance should appear near  2411 to 2419 and 2461 to 2469
Support should appear near 2322 to 2315 and 2275 to 2267 

May Corn
Support should appear  near 218 to 217 1/2 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
Recommended open position short 355 1/4
Resistance should appear near 361 1/4 to 362 1/4 and 366 1/4 to 368 1/2
Support should appear near 356 1/4 to 355 1/4 and the 350 1/4 to 349 1/4 

                                  The Satisfying Softs  

May  'The Monster' Coffee
Recommended open position Long 2  at 128.25 avg  
Support is near 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 13340 to 13460 and the 13770 to 13830 region. 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 1822 to 1808 and 1780 to 1774 
Resistance is at 1858 to 1865 and 1902 to 1909 

May Sugar
Recommended open position Long at 912
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 5065 to 5055 and 4995 to 4970
Resistance should appear near 5125 to 5140 and 5200 to 5210 

- 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  
Sunday March 20th, 2005
2:00 AM 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 Nasdaq 1497
Long June Mini Russell 645.50
Short June EC 13337
Short June Swiss Francs 8637 
Short April Gold 441.6
Short 2  April Cattle 8897 avg
Short May Pork Bellies 9137
Short May Wheat 355 ¼
Long 2  May Coffee 12825 avg 
Long May Cotton 5155
Long May Sugar 912