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FuturesCom Investment Publications
Morning Comments Monday January 23rd 2006
Serving Professional and Individual Traders World Wide since 1979
1650 SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free : 1-866-409-3890 - Intl : 1- 772-621-4234 http://www.futurescom.com
Sunday January 22nd 2006
4:30 AM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance is at 10,680.00 10,820.00 ..
After Friday's onslaught, any close over 10,680.00 should be considered friendly ..
Support remains near 10,630,00 to 10580.00. .
March SP500
Recommended open position long at 1289.7
Support should appear near 1260.5 and 1253.00
Resistance should appear near 1268.00 to 1274.00.
Nasdaq Composite
Support should appear near 2246.5 and 2226 to 2219 ..
Resistance should appear near 2267 to 2275
March Mini Nasdaq 100
Resistance remains should appear near 1689 to 1696 and 1713.5..beyond that resistance is at 1731.00 to 1738.00
Support should appear near 1672.0 and 1655 to 1642.00 .
March Mini Russell 2000
Recommended Open Position Long 2 at 709.20 avg
Support is at 708.80 to 707.40 and 700.3 to 699.0
Nearby Resistance should appear at 714.30 to 717.00 , beyond that a test of 724.20 to 725.50 is likely. .
March 10 Year T-Note
Resistance should appear near 109-21 and 110-07
Support should appear near 109-07 and 108-21
March 30 Year T-Bond
Resistance should appear near 114-21 and 115-07
Support is at 114-07.and 113-21
The Frenzied Forex Front
March Yen
Recommended open position short 2 at 8691 avg
Resistance should appear near 8762 to 8777
Support should appear near 8683 to 8667
March Euro Currency (EC)
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 7799
Resistance should appear near 7902 and 7939 to 7954.region
Support should appear near 7864 to 7836 and 7807
March British Pound
Recommended open position short at 17540
Support should appear near the 17380 to 17320 region .
Resistance should appear near 17740 to 17800
March Canadian Dollar
Resistance should appear near 8762 to 8777
Support is at 8668 and 8589 to 8560
March Aussie Dollar
Recommended open position short at 7412
Support should appear near 7428 to 7414 and 7342 to 7328
Resistance should appear near 7486 to 7513 and 7587 to 7601 .
Precious Metals
Feb Gold
Resistance should appear at 555.3 to 557.7 then 565.0 to 565.3 and 571.6 to 572.9
Support is at 550.4 to 549.2 and 543.0 to 541.8 .. below that a trade towards 528.0 to 525.9 is likely
March Copper
Support should appear near 20800 then 20430 to 20340 and 19960 to 19820
Resistance should appear near 20890 then 2126 to 2134 and the 21700 to 21850 region
March Silver
Support should appear near 887.0 to 885.5 and the 877.5 to 876.0 region.. Below that a test of 868.5 to 867.0 is likely, .
Resistance is at 893.5 to 896.5 then 904.5 to 906.0 and the 914.0 to 916.0 region
The Exciting Energies
March Crude Oil
Resistance should appear near 6906 to 6919 and the 6990 to 7003. region.. Beyond that ample sellers should appear near 7074 to 7088
Support should appear near 6836 to 6809 and the 6755 to 6740 region Below that a test of 6674 to 6659 is likely
Feb Unleaded Gas
Resistance should appear near 18220 and 18580 to 18650
Support should appear near 17800 to 17740 and 17380 to 17310
Feb Heating Oil
Resistance should appear at 19020 to 19090 and 19460 to 19530
Support should appear near 18580 and 18220 to 18080 .. below that a test of 17800 to 17740 is likely..
The Lively Livestock
Feb Cattle
Recommended open position Short at 9422
Support should appear near 9542 to 9527 and 9347 to 9317
Resistance is at 9622 to 9642 and 9707 to 9737 BW Traders can sell at 9707 for a turn lower and hold for lower prices. initially plan on risking a close over 9952 for three days in a row..
BW Traders should go short if a close under 9517 occurs.
Feb Hogs
Support should appear near 5807 to 5792 and 5732 to 5717
Resistance is at 5942 to 5957 to 6022 to 6037
April Hogs
Recommended Open Spread position Short 4 April / Long 4 August at - 75 avg (Aug under April)
Recommended open position Short at 6462
Support is at 6352 to 6337 and 6272 to 6257
Resistance is at 6417 to 6432.then 6482 to 6512 and the 6577 to 6587 region..
BW Traders can sell at 6572 and risk a close over 6682 for three days in a row.
Stay Tuned for Flashes and Updates..
Feb Pork Bellies
Resistance should appear near 8192 to 8222 and 8302 to 8317
Support is at 8047 to 8027 and that 7957 to 7937 region .
The Grande’ Grains
March Soybeans
Resistance at 571 3/4 to 572 3/4 and 579 1/4 to 580 1/2
Support should appear near 565 1/4 to 564 and 557 3/4 to 555 1/2
March Soymeal
Resistance should appear near 180.8 to 182.2.. Beyond that sellers should appear near 185.8 to 186.5.
BW Traders can sell at 185.6 and risk a close over 191.20 for three days in a row. ..
Support should appear near 178.0 to 177.4 and 173.8 to 173.1
March Soybean Oil
Resistance should appear near 2134 and 2170 to 2185
Support should appear near 2089 to 2088 and 2042 to 2034
March Corn
Resistance should appear near 208 to 208 3/4 and 212 3/4 to 213 1/2.. beyond that sellers should appear near 217 to 218 1/2
BW Traders cam sell at 216 3/4 and hold for lower prices.
Support is at 204 1/4 to 203 1/2 and 199 3/4 to 198 1/4 ..
March Wheat
Resistance should appear near 327 then 331 3/4 to 332 3/4 and 337 3/4 to 338 3/4
Support should appear near 321 1/4 to 319 1/2 and the 315 3/4 to 314 3/4 region
The Satisfying Softs
March ‘ The Monster ' Coffee
Recommended open position long at 12350
Support should appear near 11690 to 11640. BW Traders can buy at 11710 for a turn higher.
Below that buyers should appear near 11360 to 11300 and the 11010 to 10960 region, which should contain a decline.
Traders can buy at 11390 and hold for higher prices..
Resistance should appear near 11920 to 12030, a close over is friendly and augurs for a test of 12320 to 12380 and beyond towards the 12680 to 12740 region..
Be Long
March Cocoa
Support is at 1535 to 1529 then 1496 to 1484 and 1459 to 1453
Resistance should appear near 1569 to 1576 then 1609 to 1615.
and the 1642 to 1655 region. BW Traders can sell at 1607 and risk a close over 1659 for three says in a row.
BW Traders should go short if a close under 1481 occur
March Sugar
Resistance should appear near 1731 to 1738 and 1774 to 1780
Support should appear near 1696 to 1689 and 1655 to 1642
March Cotton
Support should appear near 5655 to 5640 and 5580 to 5555.. Below that a test of 5505 to 5495 is likely
Resistance should appear near 5715 to 5730. Beyond that sellers should appear near 5855 to 5880 and the 5945 to 5955 region , which should cap a rally.
Trader Accordingly
- 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 January 22nd 2006
5:35 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.
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