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FuturesCom Investment Publications
Morning Comments Wed Feb 1st 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
Tuesday January 31st 2006
2:30 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near the 10,960.00 to 11,010.00 region.
Support should appear near 10,820.00 and the 10680.00 to 10580.00 region. .
March SP500
Recommended open Position Long at 1289.7
Support should appear near 1281.50 and the 1274.00 to 1268.00 region.
Resistance should appear near 1289.00 and 1304.00 to 1310.00 region...
NASDAQ Composite
Support should appear near the 2275.00 to 2267.00 region
Resistance should appear near 2315.00 to 2322.00.
March Mini Nasdaq 100
Resistance remains near 1731.00 to 1738.00 and the 1774.00 to 1780.00 region.
Support should appear near 1696.00 to 1689.00 .. Below that buyers should appear near the 1655.00 to 1642.00 region ..
Trade Accordingly
March Mini Russell 2000
Support is at 725.50 to 724.20 and 717.00 to 714.30 .BW .Traders can buy at 717.20 and risk a close under 707.10 for three days in a row..
Resistance should appear near 741.40 to 742.80, a close over is friendly and augurs for a test of 748.60 to 751.30 and the 759.7 to 760.10 region.. .. .
March 10 Year T-Note
Resistance should appear near 108-21 and 109-07
Support is at 108-07 and 107-21
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
Resistance should appear near 8574 to 8589 and 8668 to 8683
Support should appear near. 8499 to 8484 the 8406 to 8391 region
March Euro Currency (EC)
Support should appear at 12102 and the 12030 to 11920 region..
Resistance should appear near 12207 then 12247 and the 12320 to 12380 region
March Swiss Franc
Recommended open position short 2 at 7799
Resistance should appear near 7864 and 7939 to 7954
Support should appear near 7836 and 7777 to 7763
March British Pound
Recommended open position short at 17540
Support should appear near 17740 and 17560 .
Resistance should appear near 17800 then 17940 and 18080 to 18220
March Canadian Dollar
Resistance should appear near 8856 to 8871.
Support is at 8683 to 8668 ..
March Aussie Dollar
Recommended open position short at 7412
Support should appear near 7513 to 7486 ..
Resistance should appear near 7587 to 7601
Precious Metals
April Gold
Resistance should appear at 579.2 to 580.5 and 585.5 to 588
Support is at 565.3 to 564 and 557.7 to 555.3
March Copper
Support should appear near 21850 to 2170 and 208.90 to 208.0
Resistance should appear near 22670 to 22750 and 23150 to 23220 .
March Silver
Support should appear near 964.0 to 962.5 and 944.5 to 942.5
Resistance is at 992.0 to 993.5 and 10.000 to 10050
The Exciting Energies
March Crude Oil
Resistance should appear near 6809 to 6836 then 6906 to 6919 and 6990 to 7003
Support should appear 6755 to 6743 then 6673 to 6659 and 6591 to 6577.
March Unleaded Gas
Resistance should appear near 18220 and 18580 to 18650
Support should appear near 17800 to 17740 and 17380 to 17310
March Heating Oil
Resistance should appear at 18580 to 18650 and 19020 to 19090.
Support should appear near 18220 to 18080 and 17380 to 17310 .
The Lively Livestock
April Cattle
Recommended open position Short 9115
Support should appear near 9062 to 9042 and the 8967 to 8937 region
Resistance is at 9236 and 9317 to 9347
BW Traders can sell at 9312 for a turn lower and risk a close over 9457 for three days in a row.
April Hogs
Short 4 April Hogs / long 4 August Hogs - 75 avg (august under April)
Short 2 April Hogs / Long 2 June Hogs +712 (June Over April )
Support should appear near 6117 to 6102, a close under augurs for a test of 6037 to 6022
Resistance is at 6192 and the 6257 to 6172 region..BW Traders can sell at 6247 for a turn lower.
Beyond that, sellers should appear near 6337 to 6352
BW Traders should go short if a close under 6097 occurs..
June Hogs
Support is at 6837 to 6807 and the 6757 to 6742 region
Resistance is at 6917 and 6992 to 7002 region.
March Pork Bellies
Resistance should appear near 7587 to 7602 and 7762 to 7777 region....
Support is at 7427 to 7417 and the 7342 to 7327 region
The Grande’ Grains
March Soybeans
Resistance at 602 1/4 to 603 1/2 and the 610 1/4 to 611 1/4 region ..Beyond that sellers should appear near 616 1/2 to 619
Support should appear near 588 to 585 1/2 , a close under is negative and augurs for a test of 580 1/2 to 579 1/4 and
eventually the 572 3/4 to 571 ¾ region
March Soymeal
Recommended open Position Short at 185.6
Resistance should appear near 185.8 to 186.5 and 190.2 to 190.9 .
Support should appear near 182.2. to 180.8 and 178.0 to 177.4
March Soybean Oil
Resistance should appear near 2267 to 2275.. Beyond that sellers should appear near 2315 to 2322
Support should appear near 2226 to 2219 and 2185 to 2170
March Corn
Recommended open position Short at 216 3/4
Resistance should appear near 221 3/4 to 222 3/4 .and 226 3/4 to 227 1/2.
Support is at 217 and 213 1/2 to 212 3/4
March Wheat
Resistance should appear near 349 1/4 to 350 1/4 and 355 1/4 to 356 1/2.
Support should appear near 342 1/2 , a close under is negative and augurs for a test of 332 3/4 to 331 3/4
The Satisfying Softs
March ‘ The Monster ' Coffee
Recommended open position long 2 at 12025 avg
Support should appear near 11690 to 11640 and 11360 to 11300
Resistance should appear near 11920 to 12030 and 12320 to 12380
BW Traders should go long if a close over 12755 occurs
March Cocoa
Recommended open position Short at 1453
Support is at 1459 to 1453 and 1421 to 1415
Resistance should appear near 1484 to 1496 and 1529 to 1535
March Sugar
Resistance should appear near 1858 to 1865 and 1902 to 1909
Support should appear near 1780 to 1774 and 1738 to 1731.
March Cotton
Support should appear near 5505 to 5495, a close under is negative and augurs for a test of 5430 to 5415
Resistance should appear near 5580 then 5640 to 5655 and 5715 to 5730
BW Traders can sell at 5710 for a turn lower and risk a close over 5825 for three days in a row ..
..
BW Traders should go short if a close under 5485 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
Tuesday Jan 31st 2006
3:30 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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BW Recommended Open Positions 1-31-2006
Long March SP500 1289.7
Short 2 March Swiss Francs 7799 avg
Short March British Pounds 17540
Short March Aussie Dollar 7412
Short April Cattle 9115
Short 4 April Hogs / long 4 August Hogs - 75 avg (august under April)
Short 2 April Hogs / Long 2 June Hogs +712 (June over April )
Short March Soymeal 185.6
Short March Corn 216 3/4
Long 2 March Coffee 12025
Short March Cocoa 1453