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FuturesCom Investment Publications
Morning Comments Thursday January 12th 2006
Serving Professional and Individual Traders World Wide since 1979
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The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near the 11,155.00 and 11,300.00 to 11,360.00
Support should appear near 11,010 to 10,960.00 and 10,820 .
March SP500
Support should appear near 1289.00 and the 1274.00 to 1268.00 region
Resistance should appear near 1304.00 to 1310.00 and 1322.00
Traders Should Stay tuned for Updates and Flashes
Nasdaq Composite
Support should appear near the 2322.00 to 2315.00
Resistance should appear near 2354.00 to 2370.00
March Mini Nasdaq 100
Resistance should appear near 1774.00 to 1780.00 and 1808 to 1822
Support should appear near 1754.00 and 1738.00 to 1731.00
March Mini Russell 2000
Support is at 708.80 to 707.40 and 700.30 to 699.00 .
Resistance should appear near 714.30 to 717.00 and the 724.0 to 725.50 region
March 10 Year T-Note
Resistance should appear near 109-07 and 109-21
Support should appear near 108-21 and 108-07
March 30 Year T-Bond
Resistance should appear near 113-07 and 113-21
Support is at 112-21 and 112-07
The Frenzied Forex Front
March Yen
Recommended open position short at 8667
Resistance should appear near 8856 to 8871
Support should appear near 8777 to 8762
Aggressive BW Traders should go short if a close under 8757 occurs..
Trade Accordingly and Stay tuned for Updated and Flashes
March Euro Currency (EC)
Recommended open position short 2 at 12060 avg
Support should appear at the 12030 to 11920 region
Resistance should appear near 12175 then 12247 and the 12320 to 12380 region
March Swiss Franc
Recommended open position short 2 at 7791 avg
Resistance should appear near 7901 and 7939 to 7954 .
Support should appear near the 7807 and 7777 to 7763
March British Pound
Recommended Open Position Short at 17540
Support should appear near 17380 to 17310 .
Resistance should appear near 17740 to 17800 .
March Canadian Dollar
Resistance should appear near 8668 to 8683 .
Support is at 8499 to 8484
March Aussie Dollar
Recommended open position Short at 7412
Support should appear near 7513 to 7486
Resistance should appear near 7586 to 7601
Precious Metals
Feb Gold
Resistance should appear near 555.5 to 557.5 and the 564.0 to 565.3 region .
BW Traders can sell at 555.0 and risk a close over 567.0 for three days in row
Support is at 543.0 to 541.8 and 535.6 to 534.4
Aggressive BW Traders should go short if a close under 525.2 occurs.
March Copper
Support should appear near 20800 to 20800 and 204.20 to 203.40 , a close under augurs for a test of 19090 to 19020
Resistance should appear near the 21260 to 21340 region ..Beyond that 21700 to 21850 should cap a rally..
Well Heeled ..BW Traders can sell at 216.50 and risk a close over 223.5 for three days in a row.
Aggressive BW Traders should go short if a close under 202.50 occurs
March Silver
Support should appear near 887.5 to 885.5 and 877.5 to 876.0
Resistance is at 914.0 to 915.5 and 931.5 to 934.5
Trade Accordingly
The Exciting Energies
Feb Crude Oil
Resistance should appear near 6430 the 6483 to 6509 and 6577 to 6591
Support should appear near 6357 to 6335 and 6270 to 6257
Feb Unleaded Gas
Resistance should appear near 17740 to 17800 and the 18080 to 18220 region
Support should appear near 16960 to 16890 and the 16550 to 16420 region
Feb Heating Oil
Resistance should appear at 17560 and 17740 to 17800
Support should appear near 17135 and 16960 to 16850
The Lively Livestock
Feb Cattle
Recommended open position short at 9422
Support should appear near 9347 to 9417and the 9157 to 9142 region
Resistance is at 9427 to 9447 and 9527 to 9542
Feb Hogs
Support should appear near 6037 to 6022 and the 5957 to 5942 region
Resistance is at 6102 to 6117 and the 6162 to 6192 region
April Hogs
Support is at 6432 to 6417 and 6357 to 6337
Resistance is at 6482 to 6512 and 6577 to 6592
Recommended Open Spread
Short 2 April Hogs / long 2 August Hogs -155 (August under April )
Feb Pork Bellies
Support should appear near 8317 to 8302 and the 8222 to 8192 region.. Below that a test of 8137 to 8117 is likely
Resistance is at 8392 to 8407 and the 8482 to 8502 region. Beyond that sellers should appear near 8557 to 8587
The Grande’ Grains
March Soybeans
Resistance at 585 1/2 to 588 and 594 1/2 to 595 3/4
Support should appear near 580 1/2 to 579 1/4 and the 572 3/4 to 571 3/4
March Soymeal
Resistance should appear near 185.8 to 186.5 and 190.2 to 190.9
Support should appear near 180.8 and 178.0 to 177.4
March Soybean Oil
Recommended open position short at 2267
Resistance should appear near 2219 to 2226 and 2267 to 2275
Support should appear near 2185 to 2170 and 2134 to 2126.
BW Traders should go short if a close under 2162 occurs
March Corn
Resistance should appear near 217 to 218 1/2
Support is at 213 1/2 to 212 3/4.
March Wheat
Recommended open position short at 330 3/4
Resistance should appear near 331 3/4 to 332 3/4 and 337 3/4 to 338 3/4.
Support should appear near 321 1/4 to 319 /2 and 315 3/4 to 314 3/4
The Satisfying Softs
March ‘ The Monster ' Coffee
Support should appear near 11690 to 11640 and 11360 to 11300. Below that 11010 to 10960 should contain a decline ,
BW Traders can buy at 11390 for a bounce and hold for higher prices.. .
Resistance should appear near 11920 to 12030 then 12320 to 12380 and the 13040 to 13100 region.
Stay tuned for Flashes and Updates.
March Cocoa
Support is at 1496 to 1484, a close under augurs for a test of 1459 to 1453 and the 1421 to 1415 region ..
Resistance should appear near 1529 to 1535 and 1569 to 1576.. beyond that sellers should appear near 1609 to 1615 .and the 1642 to 1655 region. . BW Traders can sell at 1608 and risk a close over 1657 for three days in row..
BW Traders should go short if a close under 1481 occurs
March Sugar
Resistance should appear near 1484 to 1496
Support should appear near 1421 to 1415 region.
March Cotton
Recommended open position short at 5570
Support should appear near 5505 to 5495 and the 5430 to 5415 region Below that buyers should appear near 5355 to 5345
Resistance should appear near 5555 to 5585 and the 5640 to 5655 region.
Above that sellers should appear near 5715 to 5730 and the 5855 to 5880 region, Which should cap a rally.
- A Ship in Harbor is Safe...But that is not what ships are built for --
Stay tuned for Updates and Flashes in all markets
Happy Trading !
Bill wil@futurescom.com
1-866-409-3890
Wed January 11th 2006
5:45 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.
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