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Morning Comments Wed March 29th 2006
Serving Professional and Individual Traders World Wide since 1979
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Make a Plan And Trade it
Wed March 29th 2006
4:45 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..
Support should appear near the 11,010.00 to 10,960 region.
June SP500
Support should appear near 1310.00 to 1304.00 and 1289.00..
Resistance should appear near 1322.00 and the 1334.00 to 1346.00 region
BW Traders should go long if a close over 1316.00 occurs ..
NASDAQ Composite
Support should appear near 2322.00 to 2315.00 region Below that buyers should appear near 2295.00
Resistance should appear near 2354.00 to 2370.00
June Mini Nasdaq 100
Resistance should appear near 1731.00 to 1738.00 and 1756.00.
Support should appear near 1713.50 and the 1696.00 to 1689.00 region .
June Mini Russell 2000
Support is at 760.10 to 758.70 and the 751.30 to 748.60 region ..
BW Traders can buy at 748.70 and risk a close under 78.40 for three days in a row
Resistance should appear near 776.30 to 777.70 and the 783.60 to 786.40 region .
Trade Accordingly. and Stay tuned for updates.
June 10 Year T-Note
Resistance should appear near 106.21 and 107-07
Support is at 106-07 and 105-21
June 30 Year T-Bond
Resistance should appear near 110-07. beyond that 110-21 should cap a rally .
Support is at 109-07 below that 108-21 should contain a decline..
The Frenzied Forex Front
June Yen
Resistance should appear near 8589 and 8668 to 8683
Support should appear near.8560 and 8499 to 8484 region
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
.
June Swiss Franc
Resistance should appear near 7763 to 7777...Beyond that sellers should appear near 7836 to 7864.
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 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 8560 to 8589 and 8668 to 8683
Support is at 8499 to 8484 and the 8406 to 8391 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 579.2 to 580.5.. beyond that sellers should appear near the 585.5 to 588.0 region .
Support is at 572.9 to 571.6 and 565.3 to 564.0.
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 1101.0 to 1096.0 .
Resistance is at 1130.0 to 1136.0
The Exciting Energies
May Crude Oil
Resistance should appear near at 6659 to 6673 and 6743 to 6755
Support should appear 6509 to 6483 and 6350 to 6337
May Unleaded Gas
Resistance should appear near 19090 and 19460 to 19530
Support should appear near 18650 to 18590 and 18220 to 18080
May Heating Oil
Resistance should appear at 18580 to 18650 and 19020 to 19090.
Support should appear near 18220 to 18080 and 17800 to 17740.
The Lively Livestock
June Cattle
Support should appear near 7432 to 7417 and the 7342 to 7327 region
Resistance is at 7487 to 7512 and 7587 to 7602
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 6592 to 6577 and the 6512 to 6482 region..
Resistance should appear near at 6657 to 6672 then 6742 to 6757 and 6807 to 6837
BW Traders can sell at 6807 and risk a close over 6937 for three days in row.
May Pork Bellies
Resistance should appear near 8392 to 8407 and 8482 to 8502 .
Support is at 8317 to 8297 and the 8222 to 8192 region
The Grande’ Grains
May Soybeans
Recommended open position long 2 at 581 1/2 avg
Resistance at 585 1/2 to 588 and the 594 1/2 to 595 3/4.region
Support should appear near 580 1/2 to 579 1/4 and the 573 1/4 to 571 3/4 region , which should contain a decline.
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 2315 to 2322 and the 2354 to 2370 region
Support should appear near 2275 to 2267 and the 2226 to 2219 region.
May Corn
Resistance should appear near 226 3/4 to 227 1/2 and 231 1/2 to 232 1/4
Support is at 222 3/4 to 221 3/4 and 218 1/2 to 217 .. Below that buyers should appear near
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 1858 to 1865 and 1902 to 1909
Support should appear near 1780 to 1774 and 1738 to 1731 .
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
Wed March 29th 2006
5:45 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 3-29-2006
Short June Hogs 6680
Spread : Short 2 June Hogs 6755 / Long 2 August Hogs 6555
Long 2 May Soybeans 581 1/2 avg
Long 2 May Soybean Oil 2352 avg
Long May Soymeal 178.8