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Morning Comments Friday March 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
Thursday March 23rd 2006
7:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near the 11,300.00 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 11,155.00 and 11,010.00 to 10,960.00
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 2275.00 to 2267.00
Resistance should appear near 2315.00 to 2322.00
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 751.30 to 748.60 and 742.80 to 741.40
Resistance should appear near 758.70 to 760.10 and the 767.50 to 768.90 region
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 8668 to 8683 and 8762 to 8777
Support should appear near.8560 and the 8499 to 8484 region
June Euro Currency (EC)
Support should appear at 11975 to 11920 region
Resistance should appear near 12102 and 12175
June Swiss Franc
Recommended open position Short at 7757
Resistance should appear near 7675 to 7689
Support should appear near 7601 to 7587
June British Pound
Support should appear near 17320 and 17136
Resistance should appear near 17380 and 17560
June Canadian Dollar
Resistance should appear near 8668 to 8683 .
Support is at 8589 to 8560
June Aussie Dollar
Support should appear near 7088 to 7074 and the 7002 to 6990 region
Resistance should appear near 7142 to 7170 and 7242 to 7255
Precious Metals
April Gold
Resistance should appear near 555.3 to 557.7
Support is at the 543.0 to 541.8 region.
May Copper
Support should appear near 23700 to 23540 and 23220 to 23150
Resistance should appear near 24100 to 24190.and 24610 to 24690
Trade Accordingly
May Silver
Support should appear near the 1058.0 then 1047.0 and 1036.0 to 1032.0 .
Resistance is at 1082.00 and 1096.0 to 1101.0
The Exciting Energies
May Crude Oil
Resistance should appear near at 6417 to 6430 and 6483 to 6509
Support should appear 6270 to 6257 and 6190 to 6165
April Unleaded Gas
Resistance should appear near 18560 to 18650 and 19020 to 19090
Support should appear near 17800 to 17740 and 17380 to 17310
April Heating Oil
Resistance should appear at 18080 to 18150
Support should appear near 17380 to 17310
The Lively Livestock
April Cattle
Support should appear near 8317 to 8302 and 8222 to 8192
Resistance is at 8392 to 8407 and 8482 to 8502
BW Traders can sell at 8482 and risk a close over 8632 for three days in a row.
April Hogs
Support should appear near 5807 to 5792 and 5732 to 5717
Resistance is at should appear near 5852 to 5882 and 5942 to 5957
June Hogs
Support is at 6672 to 6657 and 6592 to 6577.
Resistance should appear 6742 to 6757 and the 6807 to 6837 region
May Pork Bellies
Resistance should appear near 8762 to 8777 and 8857 to 8872 .
Support is at 8592 to 8562 and 8502 to 8482
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 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
Thursday March 23rd 2006
8:00 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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