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Morning Comments,
Wed March 3rd, 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
Tuesday March 2nd 2004
3:15 PM eastern time
The
Frenzied Forex Front
March Yen
Resistance
should appear near 9140 to 9156
Support should appear near 9060 to 9044 and 8964 to 8934
March Euro Currency (EC)
Support
should appear at 12030 to 11960
BW Traders can buy at 12037 for a bounce and risk a close under 11962 for
three days in a row.
Resistance is at 12320 and 12380
March Swiss Franc
Resistance
should appear near 7762 to
7777 and 7836 to 7864
Support should appear near the
7689 to 7675 region
March British Pound
Support should appear near 1.8220 to 1.8080
Resistance should appear near 18580 to 18680.
Stay tuned for Updates and Flashes
March Canadian Dollar
Support should appear near
7428 to 7414
Resistance is at 7486 to 7513
March Aussie Dollar
Recommended open position short 7623
Support
should appear near 7601 to 7587 and 7513 to 7586
Resistance should appear at 7675 to 7689.
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 10630 to 10680
Support should appear near 10580 and 10470
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.
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 region
March Mini Nasdaq 100
Recommended open position long
at 1472
Resistance is at 1484 to 1496
Support should appear near the 1459 to 1453 region.
June 10 Year T-Note
Resistance should
appear near 113-22 and 114-07
Support is at 113-07
Precious Metals
April Gold
Recommended Open Position Short 395
Support
should appear at 392.9
to 390.9 and 386.7 to 385.8
Resistance is at 398.20 to 399.20
May Copper
Support
should appear near 134.60 to 133.40
Resistance should appear near 13830
and 141.50 to 142.10
May Silver
Support
should appear 667.5 to 665.5 and 651 to 648.5
Resistance is at 680.5 to 683.5 and 690.5 to 692
The Exciting Energies
April
Crude Oil
Support should appear near
3623 to 3613
Resistance is at 3663 to 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 7692 to 7672
Resistance is at 7762 to 7777
April Hogs
Recommended open position short 2 at 5942 avg
Support is at 6272 to 6257 and 6112 to 6102
Resistance is at 6337 to 6352
Recommended open position
Long 2 July Hogs / Short 2 April Hogs +97.5
March Pork Bellies
Support
should appear near 9737 to 9707 and 9542 to 9527
Resistance is at 9822 to
9837 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 931 3/4 to 934 3/4 and 942 3/4 to 944
1/.2
Support should appear at 923 3/4 then 915
3./4 to 914 and 906 to 904 1/2
May
Soymeal
Recommended open position short 287.3
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
May Soybean Oil
Resistance should appear near 3319 to 3328 and 3377 to 3386
Support should appear near 3270 to 3261
May Corn
Resistance
should appear near 297 1/4 to 299 and 303 3/4 to 304
1/2
Support is at 293 1/2 to 292 3/4 and 288 1/4 to 287 1/2
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 385 3/4 to 386 3/4 .
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
2 at 7400 Avg
Support is near 7515 to 7485 and 7430 to 7415
Resistance should appear near 7675 to 7690 and 7835 to 7865
May Cocoa
Recommended Open Position Short 1470
Support is at 1496 to 1484
Resistance should appear near 1529 to 1535 and 1569 to 1576
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 7005 to
6990 and 6920 to 6905.
Resistance should appear near 7075 to 7090 and 7140 to 7170
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
Tuesday
March 2nd 2004
4:15 PM South Florida Beach Time
Recommended Open Positions
Short March Aussie Dollar 7623
Long 4 March SP500 1150.20 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
Short May Soymeal 287.3
Long May Wheat 398 1/4
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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