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FuturesCom Investment Publications
Morning Comments Tuesday March 14th 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
"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable –
ranks high. There are certain chances that the most prudent man is justified in taking -
chances that he must take if he wishes to be more than a mercantile mollusk--” Reminiscences of a Stock operator-
Monday March 13th 2006
3:15 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near 11,155 .. A close or extended trade over augurs for
a test of the 11,300.00 to 11,360 region. Which now appears more likely than not to occur..
Support should appear near 11,010.00 to 10,960 and 10,820.. Which should contain a decline . .
June SP500
Recommended Open Position Long at 1295.80
Support should appear near 1289.00. BW Traders can buy at 1289.30 and hold for higher prices..
Resistance should appear near the 1304.00 to 1310.00 region. A close over is friendly and augurs for a test of 1322 region ...
NASDAQ Composite
Support should appear near 2267.00 and 2246.5.
Resistance should appear near 2295.00 and the 2315 to 2322 region
June Mini Nasdaq 100
Recommended open position Long at 1676
Resistance should appear near 1689.00 to 1696.00 .
Support should appear near the1655 to 1642.00 region
June Mini Russell 2000
Support is at 732.80 and 725.50 to 724.20.. Below that buyers should appear near 717.00 to 714.30..
BW Traders can buy at 725.70 for turn higher and risk a close under 711.30 for three days in a row..
Resistance should appear near 741.40 to 743.20 and 748.6 to 751.3
June 10 Year T-Note
Resistance should appear near 107-07 and 107-21
Support is at 106-21 and 106-07
June 30 Year T-Bond
Resistance should appear near 110-21 and 111-07
Support is at 110-07 and 109-21
The Frenzied Forex Front
June Yen
Resistance should appear near 8560 to 8589 . BW Traders can sell at 8559 for a turn lower and hold for lower prices ..
Beyond that sellers should appear near 8668 to 8683...
Support should appear near.8499 to 8484, a close under augurs for a test of the 8406 to 8391 region
Trade accordingly and Stay tuned for Updated and Flashes
June Euro Currency (EC)
Recommended open position Short 2 at 12047
Support should appear at 11975 and 11920
Resistance should appear near 12030 and 12102
June Swiss Franc
Recommended open position Short 2 at 7757.
Resistance should appear near 7727 and 7763 to 7777
Support should appear near 7689 to 7675 and the 7601 to 7587 region.
June British Pound
Support should appear near 17320 and 17135
Resistance should appear near 17380 and 17560
June Canadian Dollar
Resistance should appear near 8668 to 8683 and 8762 to 8777.
Support is at 8589 to 8560 and the 8499 to 8484 region..
June Aussie Dollar
Recommended open position Short at 7327
Support should appear near 7255 to 7242
Resistance should appear near 7328 to 7342
Precious Metals
April Gold
Resistance should appear at 549.2 to 550.4 .. Beyond that sellers should appear near 555.3 to 555.7..
BW Traders can sell at 555.2 and risk a close over 567 for three days in a row.
Support is at 543.0 to 541.8 and the 535.6 to 534.4 region
May Copper
Support should appear near 22260 to 22190 and 21850 to 21700
Resistance should appear near 22670 to 22750 and 23150 to 23220..
Trade Accordingly
May Silver
Support should appear near the 993.5 to 992 and 973.5 to 970.5.
Resistance is at 1032.0 to 1036.0 and 1047.0
The Exciting Energies
April Crude Oil
Resistance should appear near at 6257 to 6270 and 6337 to 6350
Support should appear 6113 to 6101 and the 5957 to 5945 region
April Unleaded Gas
Resistance should appear near 17740 to 17800. and the 18080 to 18220 region
Support should appear near 16960 to 16890 and 16550 to 16420
April Heating Oil
Resistance should appear at 17560 and 17740 to 17800
Support should appear near 16960 to16890 and 16150 to 16090
The Lively Livestock
April Cattle
Support should appear near 8317 to 8302 and 8222 to 8192
Resistance is at 8392 to 8407 and the 8482 to 8502.. region.
BW Traders can sell at 8482 and risk a close over 8632 for three days in a row.. .. .
April Hogs
Support should appear near 5957 to 5942 and 5882 to 5852 .
Resistance is at should appear near 6022 to 6037 and 6102 to 6112..BW Traders can sell at 6102 for a turn lower and risk
a close over 6212 for three days in a row...
June Hogs
Support is at 6837 to 6807 and 6757 to 6742
Resistance should appear near at 6907 to 6922 and the 6992 to 7002 region .
May Pork Bellies
Recommended open position Short at 8780
Resistance should appear near the 8932 to 8967 region . Above that resistance should appear near 9042 to 9062 and 9137 to 9157
Support is at 8777 to 8762 and 8682 to 8667
The Grande’ Grains
May 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 . Below that buyers should appear near 573 1/4 to 571 3/4
BW Traders can buy at 580 3/4 and risk a close under 570 3/4 for three days in a row..
Aggressive BW Traders should go long if a close over 596 1/4 occurs.
May Soymeal
Recommended open position Long at 173.8
Resistance should appear near 177.4 to 178.0 , a close over is friendly and augurs for a test of 180.8 to 182.2
Support should appear near 173.8 to 173.1 and the 169.6 to 168.9 region
BW Traders can buy at 169.8 and risk a close under 156.4 for three days in a row.
BW Traders should go long if a close over 178.4 occurs.
May Soybean Oil
Resistance should appear near 2411 to 2419 and the 2461 to 2469.region.
Support should appear near 2370 to 2354 and 2322 to 2315.
BW Traders can buy at 2327 for a turn higher and risk a close under 2259 for three days in a row.
BW Traders should go long if a close over 2422 occurs
May Corn
Resistance should appear near 231 1/2 to 232 1/4 and 235 1/2 to 237
Support is at 227 1/2 to 226 3/4 and 222 3/4 to 221 3/4
May Wheat
Resistance should appear near 373 1/2 to 374 3/4 and 379 1/2 to 380 1/2
Support should appear near 362 1/4 to 361 1/4 and 356 1/2 to 355 1/4
The Satisfying Softs
May ‘ The Monster ' Coffee
Support should appear near 10360 to 10320 . Failure there is negative and augurs for a test of 10050 to 10000.
Resistance should appear near 10680 and 10820 and 10960 to 10010
May Cocoa
Recommended open position Short at 1446
Support is at 1421 to 1415. and the 1383 to 1377
Resistance should appear near 1453 to 1459 and 1484 to 1496 BW Traders can sell at 1482 and initially plan on risking a close over 1539 for three days in a row.
May Sugar
Resistance should appear near 1731 to 1738 and the 1808 to 1822 region..
Support should appear near 1655 to 1642 and the 1615 to 1609 region
May Cotton
Support should appear near 5355 to 5345 and the 5285 to 5355 region...
Resistance should appear near 4590 to 5505 and 5555 to 5580
- 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 March 13th 2006
3:45 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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BW Recommended Open Positions 3-13-2006
Long June SP500 1295.80
Long June Mini Nasdaq 1676
Short 2 June EC 12047
Short 2 June Swiss Francs 7757
Short June Aussie Dollar 7327
Short May Pork Bellies 8780
Long May Soymeal 173.8
Short May Cocoa 1446