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Morning Comments,
Tuesday March 9th, 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 8th 2004
1:45 PM eastern time
Resistance should appear near 9044 to 9060.. A close over
augurs for a test of 9140 to 9156 . BW Traders can sell at 9136 for a turn lower
risk a close over 9238 for three days in a row .
Support should appear near 8964 to 8934
Aggressive BW Traders should go short if a close under
8929 occurs.
June Euro Currency (EC)
Support
Resistance is at 1280 then 12530 and 12680 to 12740.. BW Traders can sell at 126.72 and hold for lower prices.
Risk a close over 12772 for three days in a row
June Swiss
Franc
Resistance should appear near
7939
to 7954 and 8029 to 8044.BW Traders can sell at 7991
and risk a close over 8083
for three days in a row
Support should appear near 7836 .However a close under is
negative and augurs for a test of 7777 to 7763
Aggressive BW Traders
should go short if a close under 7834 occurs.
Trade accordingly and stay tuned for updates..
June British Pound
Support
Resistance should
appear near 1.8580 to 1.8560 and the 19020 to 1.9090 region.
Stay tuned for Updates and Flashes
June Canadian Dollar
S
Resistance is at 7587 to 7601 beyond
that sellers should appear near 7675 to 7689 . BW
Traders can sell at 7586 for a turn lower and risk a close over 7643for
three days in a row.
June Aussie Dollar
Support should appear near the 7428 to 7414 ..
Resistance should appear at 7513 then 7586 to 7601 and 7675 to
7689. BW Traders can sell at 7671 for turn
lower and risk a close over 7782 for three days in row..
BW Traders should go short if a close under 7479
occurs..
Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should
appear near 10580 to 10630
Support should appear near 10470 and the
10360 to 10320 region. which should hold
March SP500
Recommended Open Position Long 1150.20
Resistance should appear near 1164.00 to 1169.00 a close over is freindly and augurs for a test of
1180.5
Support should appear near 1150. Below that buyers should appear near 1136 to1130.
BW Traders should go long if a close over 1166.90 occurs
Trade accordingly and Stay tuned for updates and flashes …
June SP500
Resistance should appear near 1164.00 to 1169.00 and 1192 to 1203.
Support should appear near 1136
to 1130
BW Traders should go long if a close over 1169.30 occurs..
Nasdaq Composite
Resistance should appear near 2080 to 2089 , beyond that a test of 2126 to
2134 is likely..
Support should appear near 2042 to 2034. Below that
buyers should appear near the 1996 to 1982 region
June Mini
Nasdaq 100
Resistance is at 1453 to 1459 ,
Support should appear near 1421 to 1415 and 1383 to 1377
June 10 Year
T-Note
Resistance
should
appear near 115-22, beyond that a test of 116-07 is likely.. A close
over is
Freindly and augurs for a test of 116-22
and 117-07which should Cap a rally for some time..
Support
is
at 115-07 and 114-22
April Gold
Support should appear at 398.2
to 399.2 , a close under is negative and augurs for a test of 392.9 to 390.9
Resistance is at the 404.6 to 405.6 and 411.0 to
412.0 , which should bring out sellers.
BW Traders can sell at 410.7 for a turn lower and risk a close over 419.7
for three days in a row.
Aggressive BW Traders should go short if a close under 397.7 occurs.
May Copper
Support should appear near 127.40
to 126.80 and 123.80 to 123.20.
BW Traders can buy at 123.90 and risk a close under 119.40 for three days
in a row.
Resistance should
appear near 130.30 to 131.00 and the 133.40 to 134.60 region.
BW Traders should go long if a close over 1.3420 occurs.
May Silver
Support should appear 683.6 to 680.9 and 675.5 to 674
Resistance is at 714.5 to 717 and 732.8 to 734.2 beyond that sellers
should appear near 776.5 to 777.5
Aggressive Traders should go long if a close over 709.5
occurs
--Stay tuned for updates—
The Exciting Energies
April
Crude Oil
Resistance should
appear near 3662 to 3682 and 3734 to 3743
Support is at 3623 to 3613
and 3583 to 3563.
April Unleaded
Gas
Recommended Open Position Short 10820
Resistance should appear
near 10960 to11010 and 11300 to 11360
Support should appear near 10680 to 10580 and 10360 to 10320
April Heating Oil
Recommended Open Position Short 8970
Resistance should appear near 9045
to9060 and 9140 to 9155 .
Support should
appear near 8870 to 8855. A close under augurs for a test of
8590 to 8560
Trade Accordingly…
The Lively Livestock
April Cattle
Support should appear near 7867 to 7837 and 7777 to 7762
Resistance is at 8027 to 8047 and the 8192 to 8222
region.
April Hogs
Support is at 6112 to 6102 , a close under augurs for a test of
6037 to 6022 and eventually the 5957to 5942 region.
Resistance is at 6162 to6192 and 6257 to 6272
Recommended Open Position
Long 2 July Short 2 April + 97.5 avg
May Pork
Bellies
Support should appear near 9542 to 9522 region. A slip or close under augurs for a test of 9447 to 9427.
Resistance is at 9762 to 9777 and
9922 to 9937 .
BW Traders should go
short if a close under 9522 occurs.
The Grande’ Grains
May Soybeans
Resistance is at 931 3/4 to 934 3/4 and 952 3/4 to 954 3/4
Support should appear at 906 to 904 1/2 and the 896 1/2 to 893
1/2 region.
Trade According and Stay tuned for Updates
May
Soymeal
Support should appear near 277.5 to
275.8 , a close under augurs for a test of 267.2 to 266.3 and 262.9 to 262 ..
which should hold
Resistance should appear near 287.4 to 288.3 region
May Soybean
Oil
Resistance should appear near 3261 to 3270..
Support should appear near 3194 a
close under augurs for a test of 3157 to 3148 and most likely the 3102 to 3092
region..
Pick Your Poison…
May Corn
Resistance should appear near 297 1/4 to 299 and the 303 ¾ to 304 ½ region
Support is at 288 ¼ to 287 ¼
, a close under augurs for a test of 277
½ to 275 ¾. Below that buyers should appear near 262 to 261 ¾ ..
BW Traders can buy at 262 ¼
and risk a close under 255 ¼ for three days in a row.
BW Traders should go long if a close over 299 ¼ occurs.
Support should appear near 362 ¼ to 361 ¼ .. Below that
buyers should appear near
356 ¼ to 355 ¼.
BW Traders can buy at 362 ¼ for
a bounce and risk a close under 354 ¼ for three days in a row.. Below that
support should appear near 344 ¼ to 342 ¼
should contain a decline
Resistance should appear near 373 1/2 to 374 1/4
BW Traders should go long if a close over 374 3/4 occurs
Trade Accordingly and Stay tuned for updates
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
7450
Support is near 7435
to7415 and 7345 to7325 .. Under that support is at the 7170 to 7140
region
Resistance should appear near 7585 to7605 and 7675
to 7690,
BW Traders should go long if a close over 7530 occurs .
May Cocoa
Support
Resistance should appear near 1484 to 1496 and the 1529 to 1535 region..
May
Sugar
Support should appear near 609 to601
Resistance should appear near 630 to 634
May Cotton
Support
should appear near 6590 to
6575 and 6510 to 6489
Resistance should appear near 6740 to 6755 and 6810 to 6835
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 8th 2004
3:00 PM South Florida Beach Time
Recommended Open Positions
Long March SP500 1150.20
Short April Unleaded Gas10820
Short April Heating Oil 8970
Short April hogs 6017
Long 2 July Hogs / 2 Short April Hogs +97.5
Long May Wheat 398 1/4
Long May Coffee 7450
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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