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FuturesCom Investment Publications
Morning Comments Thursday March 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
Wed March 22nd 2006
7:30 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near the 11,330.00 to 11,360 region. An extended trade or close over is friendly and augurs for a test of 11,500.00
and eventually the 11,640.00 to 11,690 region.
Support should appear near 11,300.00 and 11,155.00. . .
June SP500
Support should appear near 1310 to 1304.00 and 1289.00 BW Traders can buy at 1289.30 and hold for higher prices..
Resistance should appear near 1322.. Beyond that a test of the 1334 to 1346 region is likely to occur..
Stay tuned for Flashes and Updates..
NASDAQ Composite
Support should appear near 2275 to 2267.00
Resistance should appear near 2315 to 2322
June Mini Nasdaq 100
Resistance should appear near 1713.50 and the 1731 to 1736 region
Support should appear near 1689 and the 1655 to 1642. region.
June Mini Russell 2000
Support is at 742.80 to 741.40 then 734.20 to 732.80 and the 725.50 to 724.20 region
BW Traders can buy at 725.70 for a turn higher and hold for higher prices.. Risk a close under 711.30 for three days in a row.
Resistance should appear near 758.70 to 760.10 and the 767.50 to 768.90 region
Trade Accordingly
June 10 Year T-Note
Resistance should appear near 107-21 and 108-07
Support is at 107-07 and 106-21
June 30 Year T-Bond
Resistance should appear near 111-07 and 111-21
Support is at 110-21 and 110-07
The Frenzied Forex Front
June Yen
Recommended open position Short at 8559
Resistance should appear near 8668 to 8683 and 8762 to 8777
Support should appear near.8589 to 8560 and 8499 to 8484
June Euro Currency (EC)
Recommended open position Short 2 at 12047
Support should appear at the 12030 to 11920 region
Resistance should appear near 12175 and 12247
June Swiss Franc
Recommended open position Short 2 at 7757.
Resistance should appear near 7763 to 7777
Support should appear near 7689 to 7675
June British Pound
Support should appear near 17380 to 17320
Resistance should appear near 17560 and 17740 to 17800
June Canadian Dollar
Resistance should appear near 8668 to 8683 .
Support is at 8589 to 8560 and the 8499 to 8484 region.
June Aussie Dollar
Support should appear near 7170 to 7143
Resistance should appear near 7242 to 7255
Precious Metals
April Gold
Resistance should appear near 555.3 to 557.7 and 564.0 to 565.3
Support is at 549.2 and the 543.0 to 541.8 region.
May Copper
Support should appear near 23220 to 23150 and 22260 to 22190
Resistance should appear near 23550 to 23700 and 2410 to 24190.
Trade Accordingly
May Silver
Support should appear near the 1036.0 to 1032.0 .
Resistance is at 1058.0 to 1068.0
The Exciting Energies
May Crude Oil
Resistance should appear near at 6257 to 6270 and 6337 to 6350
Support should appear 6190 to 6165 and the 6113 to 6101 region
April Unleaded Gas
Resistance should appear near 17740 to 17800 and 18080 to 18220
Support should appear near17380 to 17310 and 16969 to 16890
April Heating Oil
Resistance should appear at 17740 to 17800 and 18080 to 18150
Support should appear near 17380 to 17310 and 16960 to 16890
The Lively Livestock
April Cattle
Support should appear near 8222 to 8192 and 8137 to 8117
Resistance is at 8302 to 8317 and 8392 to 8407 .
April Hogs
Support should appear near 5652 to 5637
Resistance is at should appear near 5792 to 5807
June Hogs
Support is at 6512 to 6482 and the 6432 to 6417 region.
Resistance should appear 6577 to 6592 and the 6657 to 6672 region.
May Pork Bellies
Resistance should appear near 8482 to 8502 and 8557 to 8587 .
Support is at 8407 to 8392 and 8317 to 8302
The Grande’ Grains
May Soybeans
Recommended open position Long at 580 3/4
Resistance at 579 1/4 to 580 1/2 and 585 1/2 to 588
Support should appear near 573 to 571 3/4 and the 565 1/4 to 564 region.
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
Support should appear near 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
Recommended open position Long 2 at 2352 avg
Resistance should appear near 2315 to 2322 and 2354 to 2370
Support should appear near 2275 to 2267 and 2226 to 2219
May Corn
Resistance should appear near 226 3/4 to 227 1/2
Support is at 218 1/2 to 217
May Wheat
Resistance should appear near 355 1/4 to 356 1/4 and the 361 1/4 to 362 1/4 region.
Support should appear near 344 1/4 to 342 1/2 and 338 3/4 to 337 3/4
The Satisfying Softs
May ‘ The Monster ' Coffee
Support should appear near 10360 to 10320 and the 10135 to 10105 region.
Resistance should appear near 10580 to 10680 and 10820
May Cocoa
Recommended open position Short 2 at 1464 avg
Support is at 1459 to 1453
Resistance should appear near 1529 to 1535
May Sugar
Resistance should appear near 1731 to 1738 and 1774 to 1780
Support should appear near 1655 to 1642 and 1615 to 1609
May Cotton
Support should appear near 5210 to 5200 and 5142 to 5127
Resistance should appear near 5345 to 5355 and 5415 to 5430
- 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
Wed March 22nd 2006
8:35 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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