Economic
and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones -
Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments,
Wed March 10th, 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 09th 2004
5:00 PM eastern time
Resistance should appear near 9044 to 9060 and 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, a close under augurs for a test of 8871
to 8856 and the 8771 to 8762 region..
Aggressive BW Traders should go short if a close under
8929 occurs.
June Euro Currency (EC)
Support
Resistance is at 12320 and 12350 to 12380
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 7777 to 7763 and the 7689 to 7675
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 18150 to 18220.
Stay tuned for Updates and Flashes
June Canadian Dollar
S
Resistance is at 7587 to 7601. 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 near7428 to 7414 and the 7342 to 7328 region , which should
contain a decline for, a bit..
Resistance should appear at 7513 and 7586 to 7601.
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 10470 and 10580 to 10630.
Support should appear near 10360 to 10320 region. which should hold
March SP500
Recommended open position long at 1150.20
Resistance should appear near 1150 and 1164.00 to 1169.00
Support should appear near 1136 to1130 and 1115.50
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 1133
to 1130
BW Traders should go long if a close over 1169.30 occurs..
Nasdaq Composite
Resistance should appear near 1996 and 2034 to 2042.
Support should appear near 1989 to 1982 and 1953 to 1946
June Mini
Nasdaq 100
Resistance is at ,1453 to 1459
Support is at 1421 to 1415 and 1383 to 1377
June 10 Year
T-Note
Resistance
should
appear near116-07 is likely.. A close
over is
which should Cap a rally for some time..
Support
is
at 115-22 and 115-07
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 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 708.5 to 707.5 and 683.5 to 681.0
Resistance is at 732.8 to 734.2
--Stay tuned for updates—
The Exciting Energies
April
Crude Oil
Resistance should
appear near 3663 to 3683 and 3734 to 3743
Support is at 3623 to 3613 3503
to 3493
April Unleaded
Gas
Resistance should appear
near 10680 and 10960 to 11010
Support should appear near10580 then 10360 to 10320
and 10035 to 10020
April Heating Oil
Resistance should appear near 9045 to
9060
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 7957 and 8027 to 8047.
April Hogs
Support is at 6112 to 6102 ,
Resistance is at 6257 to 6272 Beyond that sellers
should appear near the 6337 to 6352
Recommended Open Position
Long 2 July Short 2 April + 97.5 avg
May Pork
Bellies
Support should appear near 9542 to 9522 region.
Resistance is at 9762 to 9777 and
9822 to 9837 .
BW Traders should go
short if a close under 9522 occurs.
The Grande’ Grains
May Soybeans
Resistance is at 952 3/4 to 954 3/4 and 970 3/4 to 973 3/4
Support should appear at 944 1/2 to 942 3/4 and 915 3/4 to 914.
Trade According and Stay tuned for Updates
May
Soymeal
Support should appear near 282.9 to 282.0 and 277.5 to
275.8
Resistance should appear near 287.4 to 288.3 and 292.8 to 293.7
May Soybean
Oil
Resistance should appear near 3377 to 3386 and 3425 to 3443
Support should appear near 3328 to 3319 and 3213 to 3194
Pick Your Poison…
May Corn
Recommended Open position Long at 301 1/2
Resistance should appear near 303 3/4 to 304 1/2 and 314 3/4 to 315 3/4
Support is at 299 to 297 1/2 and 288 ¼ to 287 1/4
Support should appear near 368 1/4 to 366 1/4 and 362 1/4 to 361
1/4 BW Traders can buy at 362 1/4
for
a bounce and risk a close under 354 1/4 for three days in a row..
Resistance should appear near 373 1/2 to 374 1/4 and 390 3/4
to 392 3/4
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 7345 to7325 .. Under that support is at the 7170 to 7140
region
Resistance should appear near 7415 to 7430 and 7485 to7515 ,
BW Traders should go long if a close over 7530 occurs .
May Cocoa
Support
Resistance should appear near 1453 to 1459 and 1484 to 1496.
May
Sugar
Support should appear near 609 to601
Resistance should appear near 634 and 656 to 661
May Cotton
Support
should appear near 6115 to
6105
Resistance should appear near 6485 to 6510 and 6575 to 6590
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 9th 2004
6:00 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved
Recommended Open Positions
Long March SP500 1150.20
Long 2 July Hogs / 2 Short April Hogs +97.5
Long May corn 301 1/2
Long May Wheat 398 1/4
Long May Coffee 7450