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FuturesCom Investment Publications
Morning Comments Tuesday Feb 7th 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 Feb 6th 2006
01:30 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 and the 10680.00 to 10580.00 region. .
March SP500
Recommended open Position Long at 1289.7
Support should appear near 1260.50 and 1253.00
Resistance should appear near 1268.00 to 1274.00
NASDAQ Composite
Support should appear near 2246.5 and 2226.00 to 2219.00.
Resistance should appear near 2267.00 to 2275.00..
March Mini Nasdaq 100
Resistance remains near 1689.00 to 1696.00
Support should appear near the 1655.00 to 1642.00 region ..
March Mini Russell 2000
Support is at 717.00 to 714.30.and 708.80 to 707.40
BW .Traders can buy at 717.20 and risk a close under 707.10 for three days in a row..
Resistance should appear near 732.80 to 734.20 and 741.40 to 742.80
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 113-21 and 114-07
Support is at 113-07 and 112-21
The Frenzied Forex Front
March Yen
Resistance should appear near 8484 to 8499 and 8560 to 8589
Support should appear near.8406 to 8391 and 8314 to 8300
March Euro Currency (EC)
Support should appear at 11975 to 11920 and 11805.
Resistance should appear near 12030 and 12102
March Swiss Franc
Recommended open position short 2 at 7799
Resistance should appear near 7763 to 7777
Support should appear near 7689 to 7675
March British Pound
Support should appear near the 17380 to 17310 region .
Resistance should appear near 17740 to 17800
March Canadian Dollar
Resistance should appear near 8762 to 8777.
Support is at 8683 to 8668.
March Aussie Dollar
Recommended open position short at 7412
Support should appear near 7342 to 7328
Resistance should appear near 7486 to 7513
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 22750 to 22670 and 21850 to 21700
Resistance should appear near 23540 to 23700. and 24110 to 24190
March Silver
Support should appear near 964.0 to 962.5 then 944.5 to 942.5 and the 934.5 to 931.5 region.
Resistance is at 982.5 to 983.5 then 992.0 to 993.5 and the 10.000 to 10050 region
The Exciting Energies
March Crude Oil
Resistance should appear near 6577 to 6591 and 6743 to 6755
Support should appear 6430 to 6417 and 6350 to 6337
March Unleaded Gas
Resistance should appear near 16890 to 16960 and 17310 to 17380
Support should appear near 16150 to 16090 15350 to 15290
March Heating Oil
Resistance should appear at 18080 to 18220 and 18580 to 18650 .
Support should appear near 17380 to 17310 and 16960 to 16890
The Lively Livestock
April Cattle
Support should appear near 8967 to 8937 and 8872 to 8857
Resistance is at 9047 to 9062 and 9137 to 9157
April Hogs
Short April Hogs 6007
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 5957 to 5942 and 5882 to 5857
Resistance is at 6162 to 6192.. Beyond that sellers should appear near 6257 to 6272..
BW Traders can sell at 6247 for a turn lower
June Hogs
Support is at 6757 to 6742 and the 6672 to 6657 region
Resistance is at 6907 to 6917 and the 6992 to 7702 region
March Pork Bellies
Resistance should appear near 7762 to 7777 and 7837 to 7867
Support is at 7517 to 7487 and the 7432 to 7417 region.
The Grande’ Grains
March Soybeans
Resistance at 594 1/2 to 595 3/4 and the 610 1/4 to 611 1/4 region
Support should appear near 585 1/2 and the 572 3/4 to 571 3/4 region
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
Resistance should appear near 2267 to 2275.and 23125 to 2322
Beyond that sellers should appear near the 2354 to 2370 region, which should cap a rally.
Support should appear near 2226 to 2219 and the 2185 to 2170 region
March Corn
Recommended open position Short at 216 3/4
Resistance should appear near 226 3/4 to 227 1/2
Support is at 218 1/2 to 217
March Wheat
Resistance should appear near 361 1/4 to 362 1/4 and the 373 1/2 to 374 1/4 region.
Support should appear near 350 1/4 to 349 1/4 and 338 3/4 to 337 3/4
The Satisfying Softs
March ‘ The Monster ' Coffee
Recommended open position long 2 at 12025 avg
Support should appear near 11010 to 10960
Resistance should appear near 11640 to 11690
March Cocoa
Recommended open position Short at 1453
Support is at 1459 to 1553 and 1421 to 1415
Resistance should appear near 1484 to 1496 and 1529 to 1535
March Sugar
Resistance should appear near 1946 to 1953 and 1982 to 1996
Support should appear near 1865 to 1856 and 1822 to 1808.
March Cotton
Recommended open position Short at 5710
Support should appear near 5655 to 5640 the 5580 to 5555 region.
Resistance should appear near 5715 to 5730 and the 5790 to 5805 region
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
Monday Feb 6th 2006
2:30 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 2-6-2006
Long March SP500 1289.7
Short 2 March Swiss Francs 7799 avg
Short March Aussie Dollar 7412
Short April Hogs 6007
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 Corn 216 3/4
Long 2 March Coffee 12025
Short March Cocoa 1453
Short March Cotton 5710