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, Monday March 15th, 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


Saturday  March 13th  2004
7:45 AM .. West Palm Beach Time  

Open Positions

                                         The Frenzied Forex Front
June Yen
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.
Aggressive   BW  Traders should go short if a close under  8929 occurs.

June Euro Currency (EC)  
Support
should appear at 12175 and 12030 to 11960
Resistance
is at 12320 and 12350 to 12380

June
Swiss Franc
Recommended Open Position Short at 7777
Resistance should appear near 7834 to 7864 and 7939 to 7954 
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 , a slip under augurs for an eventual test of 7689 to 7675 
Trade accordingly and stay tuned for updates..

June British Pound  
Support
should appear near 17800 to 17740
Resistance
should appear near 18080 to 18220.

Stay tuned for Updates and Flashes

June Canadian Dollar  
Recommended Open Position Short 7467 
Support should appear near 7428 to 7414 ,  close under is negative and augurs for a test of the 7342 to 7328 region. 
Resistance is at 7486 to 7513 and 7587 to 7601. BW Traders can sell at 7586 for a turn lower and risk a close over 
7643 for three days in a row.

June Aussie Dollar
Recommended Open Position Long 7257
Support should appear near 7170 to 7143 and 7088 to 7074
Resistance should appear at  7242 to 7257 and 7328 to 7342

Trade Accordingly and stay tuned for Updates..

  The Sensational Stock and Bond Markets

Dow Jones Industrial Average  
Resistance
should appear near 10320 to 10360 
Support should appear near  10136 to 10104 and 10037 to 1002. 
Below that buyers should appear near 9937 to 9921

June SP500
Recommended open position long  2 at 1110..20 avg
Resistance should appear near 1130 to 1136.
Support
should appear near  1101 to 1096  

Nasdaq Composite
Resistance
should appear near 1996 and 2034 to 2042 
Support should appear near 1953 to 1946  


June  Mini Nasdaq 100
Resistance
is at 1453 to 1459
Support is at  1421 to 1415

June 10 Year T-Note  
Resistance
should appear near 116-07 and 116-22  
Support
is at 115-22 and 115-07

  Precious Metals

April Gold
Recommended Open Position Short 395.6
Support should appear at 392.9 to 390.9 and 386.7 to 385.8
Resistance is at the 398.2 to 399.2 and 404.6 to 405.6

May Copper
Support
should appear near 13100 to 13030 and 127.40 to 126.80 
Resistance
should appear near 133.40 to 134.60 and 13770 to 13830.  

BW Traders should go long if a close over 134.20 occurs.

May Silver
Support
should appear 700.5 to 699 then 692 to 690.5 and 683.5  to 681.0
Resistance is at 707.5 to 708.5 then 714.5 to 717.0 and 724.5 to 725.5  
--Stay tuned for updates—

 

The Exciting Energies

April Crude Oil
Resistance 
should appear near 3663 to 3682 and 3734 to 3743
Support
is at 3613 and 3563 to 3553.. a slip under augurs for a test of 3503 to 3493 and the 3443 to 3425 region.

April Unleaded  Gas
Resistance should appear near 11010  then 11300 to 11360 and the 11640 to 11690 region. 
Support should appear near 10680 to 10580 and 10360 to 10320

April Heating Oil  
Resistance should appear near 9045 to 9060 and  9315 to 9345 
Support
should appear near 8775 to 8760. A close under augurs for another test of 8590 to 8560

Trade Accordingly…

                                                                The Lively Livestock

April Cattle
Support
should appear near 8137 to 8117 and 7957 to 7937
Resistance
is at 8192 to 8222 and 8302 to 8312 

April Hogs
Support
is at 6353 to 6337 and 6272 to 6257 
Resistance
is at 6482 to 6507 and 6577 to 6592

Recommended Open Position
Long 2 July Short 2 April + 97.5 avg

May Pork Bellies
Support
should appear near 9737 to 9707 then 9642 to 9622 and 9542 to 9527
Resistance is at 9822 to 9837 then 9922 to 9937 and 10022 to 10037

The Grande’ Grains

May Soybeans
Resistance is at 970 3/4 to 973 3/4 and 982 1/4 to 983 3/4 
Support
should appear at 954 1/4 to 952 3/4 and 944 1/2 to 942 3/4  

Trade According and Stay tuned for Updates

May Soymeal  
Support
should appear near 288.3 to 287.4 and 277.5 to 275.8
Resistance
should appear near 297.2 to 299 and 303.6 to 304.5

May  Soybean Oil
Resistance should appear near 3319 to 3328 and 3377 to 3386    
Support
should appear near 3270 to 3261 and 3213 to 3194

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

May CBOT Wheat
Recommended Open Position Long 362 1/4
Support should appear near 362 1/4 to 361 1/4 and 356 1/4 to 355 1/4  
Resistance
 should appear near 366 1/4 to 368 1/4 and 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 2 at 7555 avg
Support
is near 7585 then 7515 to 7485 and  7430 to 7415
Resistance
should appear near 7675 to 7690 then 7765 to 7780 and 7835 to 7865 

May Cocoa   
Support
is at 1383 to 1377 and 1346 to 1334
Resistance should appear near 1415 to 1421 and 1484 to 1496

May  Sugar  
Support
should appear near 661 to 656 and 634 to 630
Resistance
should appear near 682 to 686 and 704 to 712 

May  Cotton
Support should appear near  6430 to 6415 and 6350 to 6335 
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

Saturday March 13th   2004  
9:00 AM    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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FuturesCom Investment Publications Copyright@1996-2004 all rights reserved

Recommended Open Positions 
Short June Swiss Franc 7777
Short June Canadian Dollars 7467
Long June Aussie Dollar 7257
Long 2 June SP500 1110.20 avg
Short April Gold 395.60
Long 2 July Hogs / 2 Short April Hogs  +97.5
Long May Corn 301 1/2 
Long May Wheat 362 1/4 
Long 2 May Coffee 7550 avg