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FuturesCom Investment Publications
Morning Comments  Tuesday January 24th 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                                                    

Monday January 23rd  2006
6:00 PM  South Florida Beach Time                                   

                                                  The Sensational Stock and Bond Markets               

Dow Jones Industrial Average
Resistance is at  10,820.00 and 10,960 to 11,010.00
Support now remains near 10,680.00 to 10,630,00 and  10,580.00.  .

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 near 1689 to 1696 and the 1731.00 to 1738.00 region..
Support  should appear near 1672.0 and 1655 to 1642.00 .

March Mini Russell 2000
Recommended Open Position Long at 717.60 
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 8856 to 8871   
Support should appear near 8683 to 8667

March  Euro Currency (EC)
Support should appear at   12247 and 12175.
Resistance should appear near the 12350 to 12380 region

March Swiss Franc
Recommended open position short 2 at 7799
Resistance should appear near  8029 to 8044 
Support should appear near  7864 to 7836

March British Pound
Recommended open position short at 17540
Support should appear near the 17800 to 17740 region .
Resistance should appear near 17940 and  18080 to 18220

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 
Resistance should appear near 7587 to 7601 .
 

                                              Precious Metals

Feb Gold
Resistance should appear at 564.0 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 20880 to 20800 and 20430 to 20340   
Resistance should appear near 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.. .
Resistance is at 914.0 to 916.0 and 931.5 to 934.5    

                                                            The Exciting Energies

March Crude Oil
Resistance should appear near 6809 to 6836 and 6906 to 6919  
Support should appear near 6674 to 6659 and 6591 to 6577

Feb Unleaded Gas 
Resistance should appear near 18080 to 18220 and 18580 to 18650
Support  should appear near 17800 to 17740 and 17380 to 17310 

Feb Heating Oil
Resistance should appear at 18580 to 18650 and 19020 to 19090
Support should appear near 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 then 6272 to 6257 and 6192
Resistance is at 6417 to 6432.then 6482 to 6512 and 6577..
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 579 1/4 to 580 1/2 and 5854 1/2 to 588
Support should appear near 572 3/4 to 571 3/4 and 565 1/4 to 564 

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 2170 to 2185 and 2219 to 2226
Support should appear near 2134 to 2126 and 2089 to 2088

March Corn
Resistance should appear near 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 326 1/4 to 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 2 at 12025
Support  should appear near 12030 to 11920 and  11690 to 11640.Below that buyers should appear near 11360 to 11300 and the 11010 to 10960 region, which should contain a decline. BW Traders can buy at 11390 and hold for higher prices..
Resistance should appear near 12320 to 12380 and the 12680 to 12740 region..

Be Long

March Cocoa
Support is at 1496 to 1484 and 1459 to 1453
Resistance should appear near 1569 to 1576 and 1609 to 1615.
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 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
Monday January 23rd  2006
7:15 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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