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FuturesCom Investment Publications
Morning Comments Tuesday March 28th 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 March 27th 2006
8:30 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.. A close over augurs for a test of the 11,640.00 to 11,690.00 region..
Support should appear near 11,010.00 to 10,960 and 10,820.00
June SP500
Recommended Open Position Long at 1310.30
Support should appear near 1310 to 1304.00 and 1289.00.. Traders can buy at 1310.30 and hold for higher prices..
Resistance should appear near the 1334 to 1346 region ...
BW Traders should go long if a close over 1316.00 occurs ..
NASDAQ Composite
Support should appear near 2295.00 and the 2275.00 to 2267.00 region. Below that buyers should appear near 2226.00 to 2219.00
Resistance remains near o 2322.00, a close over is friendly and augurs for a test of the 2354.00 to 2370.00 region
June Mini Nasdaq 100
Resistance should appear near 1713.50..A close over is friendly and augurs for a test of the 1731.00 to 1738.00 region .
Support should appear near the 1696 to 1689 and 1671.50. Below that 1655.00 to 1642.00 should hold.
June Mini Russell 2000
Support is at 751.30 to 748.60 and 742.80 to 741.40..BW Traders can buy at 748.70 and risk a close under 78.40 for three days in a row
Resistance should appear near 767.50 to 768.90 and the 776.30 to 777.70 region .
Trade Accordingly. and Stay tuned for updates.
June 10 Year T-Note
Resistance should appear near 107-21 beyond that sellers should appear near 108 -07.
Support is at 107-07 and 106-21
June 30 Year T-Bond
Resistance should appear near 111-07 and 111-21 .. beyond that 112-07 should cap a rally .
Support is at 110-21 .. Below that buyers should appear near 110-07 and 109-21 which should contain a decline..
The Frenzied Forex Front
June Yen
Resistance should appear near 8668 to 8683 and the 8762 to 8777 region
Support should appear near.8589 to 8560 and 8499 to 8484
June Euro Currency (EC)
Support should appear at 12030 to 11975 and 11920, a close under augurs for a test of 11805.
Resistance should appear near 12102.. Beyond that sellers should appear near 12175 and 12247
BW Traders can sell at 12173 for a turn lower.. Initially plan on risking a close over 12247 for three days in a row. Beyond that 12320 to 12380 should cap a rally..
June Swiss Franc
Resistance should appear near 7763 to 7777...Beyond that sellers should appear near 7836 to 7864 and the 7939 to 7954 region..
BW Traders can sell at 7831 and risk a close over 7957 for three days in a row
Support should appear near 7689 to 7675, a close under augurs for a test of 7601 to 7587 and eventually the 7513 to 7487 region
BW Traders should go short if a close under 7673 occurs
June British Pound
Support should appear near 17380 to 17320 , a close under augurs for a test of 17136
Resistance should appear near 17560 and the 17740 to 17800 region. .
June Canadian Dollar
Resistance should appear near 8589 and 8668 to 8683
Support is at 8560 and the 8499 to 8484 region..
June Aussie Dollar
Support should appear near 7003 to 6990 and the 6919 to 6906 region .
Resistance should appear near 7074 to 7088 and the 7142 to 7170 region .
Precious Metals
June Gold
Resistance should appear at 571.6 to 572.9 and the 579.2 to 580.5 region...
Support is at 565.3 to 564.0 and the 557.7 to 555.3 region .
May Copper
Support should appear near 23700 to 23540 and the 23220 to 23150 region
Resistance should appear near 24610 to 24690 and the 25110 to 25190 region
May Silver
Support should appear near the 1068.0 to 1058.0 and the 1036.0 to 1032.0 region .
Resistance is at 1096.0 to 1101.0 and the 1130.0 to 1136.0 region
The Exciting Energies
May Crude Oil
Resistance should appear near at 6483 to 6509 and the 6577 to 6591 region
Support should appear 6350 to 6337, a close under augurs for a test of 6270 to 6257
Trade Accordingly
May Unleaded Gas
Resistance should appear near 18560 to 18650...Beyond that sellers should appear near 19020 to 19090 ..
Support should appear near 17800 to 17740 , a close under is negative and augurs for a test of 17380 to 17310
May Heating Oil
Resistance should appear at 18080 to 18220 and the 18580 to 18650 region which should cap a rally..
Support should appear near 17800 to 17740 and 17380 to 17310 .
The Lively Livestock
June Cattle
Support should appear near 7602 to 7587 . A close under is negative and augurs for a test of 7517 to 7487 .
Resistance is at 7672 to 7692 .. Beyond that sellers should appear near 7762 to 7777 and 7837 to 7867..
BW Traders can sell at 7832 and risk a close over 7972 for three days in row
June Hogs
Recommended Open position Short at 6680
Recommended Spread Open position Short 2 June at 6755 and Long 2 August 6555
Support is at 6672 to 6657 .. Failure there is negative and augurs for a test of the 6592 to 6577 and the 6512 to 6482 region..
Resistance should appear near at 6742 to 6757 and the 6807 to 6837 region
BW Traders can sell at 6807 and risk a close over 6937 for three days in row.
May Pork Bellies
Resistance should appear near 8857 to 8872 and 8932 to 8967 ..
Support is at 8682 to 8667 and the 8592 to 8562 region
The Grande’ Grains
May Soybeans
Recommended open position long 580 3/4
Resistance at 579 1/4 to 580 1/2 . a close over is friendly and augurs for a test of 594 1/2 to 595 3/4..
Support should appear near 573 1/4 to 571 3/4 and the 565 1/2 to 564 region which should contain a decline.
BW Traders should go long if a close over 580 3/4 occurs.
May Soymeal
Recommended open position Long at 178.8
Resistance should appear near 180.8 to 182.2 and the 185.8 to 186.5 region.
Support should appear near 177.4 and 173.8 to 173.1.. below that buyers 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..
May Soybean Oil
Recommended open position Long 2 at 2352 avg
Resistance should appear near the 2267 to 2275 and 2315 to 2322 .
Support should appear near the 2226 to 2219 region.
May Corn
Resistance should appear near 221 3/4 to 222 3/4 , a close over is friendly and augurs for a test of 226 3/4 to 227 1/ 2
Support is at 218 1/2 to 217 and 213 1/2 to 212. BW Traders can buy at 213 3/4 and hold for higher prices..
May Wheat
Resistance should appear near 349 1/2 to 350 1/2 and the 355 1/4 to 356 1/4 region
Support should appear near 338 3/4 to 337 3/4 and 332 3/4 to 331 3/4
The Satisfying Softs
July ‘ The Monster ' Coffee
Support should appear near 10680 to 10580 and 10360 to 10320 ..
Resistance should appear near the 10960 to 11010 region.. Beyond that sellers should appear near 11300 to 11360
July Cocoa
Support is at 1496 to 1484 and 1459 to 1453
Resistance should appear near the 1529 to 1535 region... Beyond that sellers should appear near 1569 to 1576..
July Sugar
Resistance should appear near 1731 to 1738 and the 1808 to 1822 region.
Support should appear near 1655 to 1642, a close under is negative and augurs for a test of 1615 to 1609 region .
July Cotton
Support should appear near 5430 to 5415 and 5355 to 5354
Resistance should appear near 5490 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 27th 2006
9:30 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 3-27-2006
Long June SP500 1310.30
Short June Hogs 6680
Spread : Short 2 June Hogs 6755 / Long 2 August Hogs 6555
Long May Soybeans 580 3/4
Long 2 May Soybean Oil 2352 avg
Long May Soymeal 178.8