Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 
Precious Metals - Energy - Livestock - Grains - Softs

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FuturesCom Investment Publications
Morning Comments, Tuesday February 17th, 2004
  Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com

Friday February 13th, 2004
10:30 PM eastern time

Revised 10:47 2-16-2004   

The Frenzied Forex Front

March Yen
Resistance should appear near the 9526 to 9543 region.
Support should appear near 9444 to 9429. BW Traders can buy at 9448 for a turn higher.. initially plan on a risking a close under  9312 for three days in a row.

March Euro Currency (EC)
Recommended open position Short at 12671
Support should appear at 12740 to 12710 and 12680 
Resistance is at 12890..Above that sellers should appear near 1.3040 to 1.3100.. Beyond that 1.3340 to 1.3360 and the 1.3770 to 1.3830 should cap rallies …BW Traders can sell at 1.3332 and risk a close over 13490 for three days in a row..

March Swiss Franc
Resistance should appear near 8119 to 8134 and 8194 to 8223
Support should appear near 8044 to 8029 and 7954 to 7939 
BW Traders should go short if a close under 8059 occurs  

March British Pound
Support should appear near 1.8650 to 1.8580
Resistance should appear near 1.9020 to 1.9090 

March Canadian Dollar
Support should appear near  7513 to 7486
Resistance is at 7601 and the 7675 to 7689 region. 
March Aussie Dollar
Support should appear near 7864 to 7836
Resistance should appear near the  7939 to 7954 region. BW Traders can sell at 7937 for turn lower and risk a close over 7962 for three days in row..

Trade Accordingly and stay tuned for Updates..

   The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10630 to 10680 and 10820
Support should appear near 10580 and 10470

March SP500
Recommended open position Long at 2 at 1154.40 avg
Resistance should appear near 1150.00 an extended trade or close over augurs for a test of the 
1164.00 to 1169.00 region. 
Support should appear near 1136.00 to 1130.00.  BW Traders can buy at 1136.20 and hold for higher prices.. Below that support should appear near 1115.50 and the 1101 to 1096 region.BW Traders can buy at 1101.30 and risk a close under 1095.30 for three days in a row.  

BW Traders should go long if a close over 1169.70 occurs..

Trade accordingly and Stay tuned for updates and flashes …

Nasdaq Composite
Resistance  should appear near 2080 to 2089 
Support should appear near 2042 to 2034.

March  Mini Nasdaq 100
Resistance is at a1496 and 1529 to 1535
Support is at 1484 and the 1459 to 1453 region.
BW Traders can buy at 1472 and risk a close under 1449 for three days in a row.

March 10 Year T-Note
 Resistance should appear near 115-07 and 115-22.
Support is at 114-22 and 114-07. 

Precious Metals

April Gold
Support should appear at 405.6 to 404.6
Resistance is at 416.3 to 418.3
BW Traders should go short if a close under 401.8 occurs..

March Copper
Recommended open position long at 12160
Support should appear near 123.20 to 123.80 and 120.30 to 119.20
Resistance should appear near the 126.80 to 127.40 region 

March Silver
Support should appear 651 to 648.5 and 643 to 641.5.
Resistance should appear near 674 to 675.5 and 680.5 to 683.5 

--Stay tuned for updates—

The Exciting Energies

April Crude Oil
Support should appear near 3386 to 3377 and 3328 to 3319 
Resistance is at the 3493 to 3503 and 3553 to 3563  

April Unleaded  Gas
Resistance should appear near 10960 to 11020 and 11300 to 11360
Support should appear near 10820 and 10680 to 10580.

April Heating Oil  
 Resistance should appear near 9140 to 9155 and 9315 to 9345
Support should appear near 9060 to 9045 and 8870 to 8855 

Trade Accordingly…

                                                  The Lively Livestock

April Cattle
Support should appear near 7257 to 7242 and 7172 to 7142
Resistance is at  7327 to 7342

April Hogs
Support is at 5852 then 5807 to 5790 and 5732 to 5717 
Resistance is at 5942 to 5957 and 6022 to 6037
Recommended open position. July /April Hog Spread
Long July 6215
Short April 6125

March Pork Bellies
Support should appear near 9347 to 9317 and 9237
Resistance is at 9447 then 9527 to 9542 and 9627 to 9642

The Grande’ Grains

March Soybeans
 Recommended open position Short at 821
Resistance is at 830 to 831 1/2 and 8391/4 to 840 3/4 
Support should appear at 822 1/4 to 819 1/2 and 813 1/2  to 811 3/4 

March Soymeal
 Support should appear near 241.9 to 241.1 and 237 to 235.4
Resistance should appear near 246.9 and 251.1 to 251.9 

March Soybean Oil
Resistance should appear near 3194 to 3213 and 3261 to 3270 
Support should appear near 3157 to 3148 and 3102 to 3092

March Corn
Resistance should appear near 282 3/4 and the 287 1/2 to 288 1/4 region  
Support is at 277 1/2 to 275 3/4    

March CBOT Wheat
Support should appear near 379 1/2 and 374 1/4 to 373 3/4 
Resistance should appear near 390 3/4 to 392 3/4 398 1/4 to 399 1/4 

                                        The Satisfying Softs

March the ‘Monster’ Coffee
Recommended open position long at 7405
Support is near 7345 to 7325 and 7255 to 7240  
Resistance should appear near 7485 to 7510 

May the ‘Monster’ Coffee
Recommended open position long at 7645
Resistance is near 7675 to 7690 and 7760 to 7775
Support should appear near 7605 to 7590 and 7515 to 7485 

May Cocoa 
Support is at 1535 to 1529 and 1496 to 1484
Resistance should appear near 1569 to 1576.  BW Traders can sell at 1567 for a turn lower, 
risk a close over 1622 for three days in  row. ..

BW Traders should go short if a close under 1481 occurs

May Sugar
Support should appear near 562 to 559 and the 538 to 534 region.
Resistance should appear near 582 to 586 and 601 to 609.  BW Traders can sell at 581 and risk a close over to 623 for three days in a row.

May Cotton
Recommended open position long 2 at 6965 avg
Support should appear near 6810 and 6755 to 6740
Resistance should appear near 6905 to 6920 and 6990 to 7005

A Ship in Harbor is Safe...But that is not what ships are built for –

Stay tuned for flashes and updates in all markets..

Happy Trading!  

Bill  wil@futurescom.com

1-866-409-3890

Friday February 13th 2004

11:55 PM South Florida Beach Time

 

THIS PUBLICATION 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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