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Precious Metals - Energy - Livestock - Grains - Softs

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FuturesCom Investment Publications
Morning Comments, Tuesday March 16th, 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 15th  2004
6:00 PM eastern time   

Open Positions

                                         The Frenzied Forex Front
June Yen
Resistance should appear near 9140 to 9156 and 9237
Support should appear near 9060 to 9044

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 7864 and 7939 to 7954 .. Beyond that 8029 to 8044 should cap a rally 
BW Traders can sell at 7991 and risk a close over 8083 for three days in a row.  

Support
should appear near 7836 and 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 7486to 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  71242 and 7170 to 7143
Resistance should appear at  7328 to 7342

Trade Accordingly and stay tuned for Updates..

  The Sensational Stock and Bond Markets

Dow Jones Industrial Average  
Resistance
should appear near 10136 and 10180
Support should appear near  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 1946 to 1953  
Support should appear near 1909 to 1902   


June  Mini Nasdaq 100
Resistance
is at 1415 to 1421
Support is at  1383 to 1379

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 399.2 to 398.2 
Resistance is at 404.6 to 405.6

May Copper
Recommended open Position Long at 134.75
Support should appear near 134.60  to 133.40 and 13100 to 13030 
Resistance
should appear near 13770 to 13830  

May Silver
Support
should appear 700.5 to 699 then 692 to 690.5 and 683.5  to 681.0
Resistance is at 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 3858 to 3867 and 4046 to 4056
Support
is at 3682 to 3663.

April Unleaded  Gas
Resistance should appear near 11640 to 11690 and 11920 to 12030 
Support should appear near 11010 to 10960

April Heating Oil  
Resistance should appear near 9315 to 9345 and 9525 to 9540
Support
should appear near 9060 to 9045 and 8965 to 8935

Trade Accordingly…

                                                                The Lively Livestock

April Cattle
Support
should appear near 8045 to 8027 and 7867 to 7837
Resistance
is at 8122 to 8137 and 8302 to 8312 

April Hogs
Support
is at 6352 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 9642 to 9622 then 9542 to 9527 and 9447 to 9427
Resistance is at 9707 to 9737 then 9822 to 9837 and 9922 to 9937 
BW Traders should go short if a close under 9522 occurs

The Grande’ Grains

May Soybeans
Resistance is at 982 1/4 to 983 3/4 1002 1/4 to 1003 3/4  
Support
should appear at 973 3/4 to 970 3/4 and 954 1/4 to 952 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 299 and 303.6 to 304.5

May  Soybean Oil
Resistance should appear near 3377 to 3386 and 3425 to 3443 
Support
should appear near 3328 to 3319 and 3270 to 3261

May Corn
Recommended Open position Long at 301 1/2 
Resistance should appear near 309 1/4 to 310 1/4 and the 314 3/4 to 315 3/4 region
Support
is at 304 1/2 to 303 3/4 and 299 to 297 1/2

May CBOT Wheat
Recommended Open Position Long 362 1/4
Support should appear near 368 1/4 to 366 1/4 and 362 1/4 to 361 1/4  
Resistance
 should appear near 373 1/2  to 374 1/4 and 385 3/4 to 386 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 2 at 7555 avg
Support
is near 7690 to 7675 and 7605 to 7585
Resistance
should appear near 7765 to 7780 and then 7935 to 7955 region 

May Cocoa   
Support
is at 1421 to 1415 and 1383 to 1377 
Resistance
should appear near 1484 to 1496 and 1529 to 1535 

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  6510 to 6485 then 6430 to 6415 and 6350 to 6335 
Resistance
should appear near 6575 to 6590 and 6655 to 6670

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 15th   2004  
7:30 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. 
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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 May Copper 134.75
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