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Morning Comments,
Tuesday March 2nd, 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
Monday March 1st 2004
2:00 PM eastern time
The
Frenzied Forex Front
March Yen
Recommended Open Position Short 9124
Resistance
should appear near 9237 and 9317 to 9347
Support should appear near 9156 to 9140 and 9060 to 9044
March Euro Currency (EC)
Support
should appear at 12380 to 12320
Resistance is at 12530 and 12680
March Swiss Franc
Resistance
should appear near 7939 to
7954 and 8029 to 8044.
Support should appear near the 7864 to 7836 region.
March British Pound
Support should appear near 1.8580 and 1.8220 to 1.8080
Resistance should appear near 18680 and 19020 to 1.9090.
Stay tuned for Updates and Flashes
March Canadian Dollar
Support should appear near
7428 to 7414
Resistance is at 7486 to 7513 and
7550
March Aussie Dollar
Support
should appear near 7689 to 7675
Resistance should appear at 7762 to 7777 and 7836 to 7864.
BW Traders should go short if a close under 7636 occurs..
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 10680 and 10820
Support should appear near 10630 to 10580
March SP500
Recommended Open Position Long 4 at 1150.20 avg
Resistance
should appear near 1164.00 to 1169.00
Support should appear near 1150 and 1136.00 to 1130.00.
BW Traders should go long if a close over 1150.30 occurs..
Trade accordingly and Stay tuned for updates and flashes …
Nasdaq Composite
Resistance should appear near 2080 to 2089
Support should appear near the 2042 to 2034
March Mini Nasdaq 100
Recommended open position long
at 1472
Resistance is at 1496 and 1529 to 1535
Support should appear near 1484 and the 1459 to 1453 region.
June 10 Year T-Note
Resistance should
appear near 114-07 and 114-21
Support is at 113-22 and 113-07
Precious Metals
April Gold
Recommended Open Position Short 395
Support
should appear at 398.20 and 392.9
to 390.9
Resistance is at 404.6 to 405.6
May Copper
Support
should appear near 138.30 to 137.70 and 134.60 to 133.40
Resistance should appear near 141.50 to 142.10
and the 145.30 to 145.90 region
May Silver
Support
should appear 683.5 to 680.5 and 667.5 to 665.5
Resistance is at 707.5 to 708.5 and 724.5 to 725.5
The Exciting Energies
April
Crude Oil
Support should appear near
3623 to 3613
Resistance is at 3682.
and 3724 to 3734
April
Unleaded Gas
Resistance should appear
near 11920 to 12030
Support should appear near 11360 to 11320
April Heating Oil
Resistance should appear near 9525 to 9540 and
9705 to 9735
Support should appear near 9345 to 9315 and 9160 to 9155
The Lively Livestock
April Cattle
Recommended Open Position Short 7600
Support should appear near 7777 to 7762
Resistance is at 7837 to 7867 and 8027 to 8042
April Hogs
Recommended open position short 2 at 5942 avg
Support is at 6112 to 6102 and 6037 to 6022
Resistance is at 6257 to 6272 and 6337 to 6352
Recommended open position
Long 2 July Hogs / Short 2 April Hogs +97.5
March Pork Bellies
Support
should appear near 9542 to 9527 and 9447 to 9427
Resistance is at 9737 and
9922 to 9037
May Pork Bellies
Support
should appear near 9837 to 9822 and 9737 to 9707
Resistance is at 9922 to 9937
and 10102 to 10137
The Grande’ Grains
May Soybeans
Resistance should appear near 970 3/4
to 973 3/4 and 992. 1/4 to 993 3/4
Support should appear at 944 1/2 to 942 3/4 and 934 3/4 to 931
3/4
May
Soymeal
Support should appear near 277.5 to 275.8 then 272.4 to 271.6 and 267.2 to 266.3
Resistance should appear near 287.4 to 288.3 and 297.2 to 299
BW Traders can sell at 287.3 for a turn lower and risk a close over 293.9
for three days in a row.
May Soybean Oil
Resistance should appear near 3493 to 3503
Support should appear near 3386 to 3377
May Corn
Recommended open position long 297 3/4
Resistance should appear near 303 3/4 to 304
1/2 and 309 1/4 to 310 1/4
Support is at 299 to 297 1/4 and 293 1/2 to 292 3/4
May CBOT Wheat
Recommended open position long at 398 1/4
Support should appear near 380 3/4 to 379 1/2
Resistance should appear near 390 3/4 to 392 3/4.
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
2 at 7400 Avg
Support is near 7585 then 7515 to 7485 and 7430 to 7415
Resistance should appear near 7690 then 7760 to 7775 and 7835 to 7865
May Cocoa
Recommended Open Position Short 1470
Support is at 1535 to 1529
Resistance should appear near 1609 to 1615
May Sugar
Recommended Open Position Short at 581
Support should appear near 609 to 601
Resistance should appear near 630 to 634
May Cotton
Support
should appear near 7345 to
7325 and 7255 to
7240.
Resistance should appear near 7415 to 7430 and 7485 to 7515
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
Monday
March 1st 2004
4:15 PM South Florida Beach Time
Recommended Open Positions
Short March Yen 9124
Long 4 March SP500 1150.2 avg
Long March Mini Nasdaq 100 1472
Short April Gold 395
Short April Cattle 7600
Short 2 April hogs 5942 avg
Long 2 July Hogs / 2 Short April Hogs +97.5
Long May Wheat 398 1/4
Long May Corn 297 3/4
Long 2 May Coffee 7400 avg
Short May Cocoa 1470
Short May Sugar 581
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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