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Investment Publications
Morning Comments,
Tuesday March 23rd, 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 22nd 2004
4:30 PM .. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9429 to 9445
Support should appear near 9347 to 9316
June Euro Currency (EC)
Support should appear at 12175 and 1.2030
to 1.1960.
Resistance is at 12320 to 12380
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 8029
to 8044.. .Beyond that 8119 to 8134 and the 8194 to 8223 region should cap a
rally for a bit. BW Traders can sell at 8194
and risk a close over 8232 for three days in a row.
Support should appear near
76954 to 7939 and 7864 to 7836 .However
a close under is negative and augurs for a test of 7777 to 7763 and the
7689 to 7675 region .
Aggressive BW Traders should go
short if a close under 7834 occurs.
June British Pound
Support should appear near 1.8220 to 1.8150
and 1.8080
Resistance should appear near 1.8580
to 1.8560 and the 19020 to 1.9090 region.
BW Traders should go short if a close under 18072 occurs.
June Canadian Dollar
Recommended Open Position Short 7467
Support should appear near 7428
to7414 and 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...BW Traders should go short if a close under 7482 occurs..
June Aussie Dollar
Support should appear near the 7428 to 7414 and 7342 to 7328 region ,
Resistance should appear at 7486 to 7513 and 7586 to 7601.
BW Traders should go short if a close under
7326 occurs.. Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow
Jones Industrial Average
Resistance should appear
near 10104 to 10136
Support should appear near 10,037 to 10,021 and 9937 to 9921
June SP500
Recommended Open Position Long at 1101.3
Resistance should appear near 1096.00 to 1101.00
Support should appear near 1082 and the 1068 to 1058 region
Aggressive BW Traders should go long if a close over 1115.90 occurs
Nasdaq Composite
Support should appear near 1909 to 1902, below that buyers should appear
near 1865 to 1858
Resistance should appear
near 1946 to 1953
June Mini
Nasdaq 100
Resistance is at 1415 to 1421
Support is at 1383 to 1377 and 1346 to 1334
June
10 Year T-Note
Resistance should
appear near 116-07 and116-22.
Support is
at 115-22 and 115-07..
Precious Metals
April Gold
Recommended Open Position Short 2 at 403.1 avg
Support should appear at 412 to
411
Resistance is at 418.3 and the
423.8 to 424.9 region
May Copper
Support should appear near 134.6 to 133.40 and the 131.00 to 130.40 region..
Resistance should appear near 137.70
to 138.30 and 141.50 to 142.10.
May Silver
Support should appear 751.5 to 748.5 and 734.2 to 732.8
Resistance is at 776.5 to 777.5 and the 802.9 to 804.4 region.
The Exciting Energies
May
Crude Oil
Resistance should
appear near 3734 to 3743 and 3795 to 3806
Support is at 3682 to 3663 and
the 3623 to 3613 region.
May Unleaded
Gas
Recommended open position Short 11265
Resistance should appear
near 11320 to 11360
Support should appear near 11010 to
10960
May Heating Oil
Recommended open position short 9095
Resistance should appear near 9140 to
9155 and 9315 to 9345
Support should appear near 9060 to 9045 and 8870 to 8855.
Trade Accordingly…
The Lively Livestock
June Cattle
Support should appear at 7512 to 7487 and 7432 to 7412
Resistance is at 7587 to 7602 and 7672 to 7692.
BW Traders should go short if a close under 7482 occurs
June Hogs
Support is at 7092 to 7072 below that buyers should appear near 7002
to 6992
Resistance is at 7142 to 7172 and 7242 to 7257, a close over indicates a
test of 7327 to 7242
Aggressive BW Traders should go
long if a close over 7257 occurs .
July Hogs
Support is at the 6757 to 6742 region. Below that buyers should appear near
6672 to 6652
and the 6592 to 6577 region.. BW Traders can buy at 6672 and risk a close under 6482 for
three days in a row.
Resistance is at 6812 to 6837 and 6912
to 6922 , a close over augurs for a test of
6987 to 7002 and the 7072 to 7087 region..Below riders should go long if a close over 6932 occurs.
May Pork
Bellies
Recommended open position Short 10122
Support should appear near 10102 and the 9937 to 9922 region.
A slip or close under augurs
for a test of 9737 to 9707
Resistance is at 10237 and 10320
to 10360
The Grande’ Grains
May Soybeans
Resistance is at 1058 to 1068 .. beyond that some selling should appear
near 1096 to 1101 and the 1130 to 1136 region.
Support should appear at 1036 to 1032 and 1005 to 1000.
May
Soymeal
Support should appear near 321.3 to 319.4 and 310.1 to 309.2.
Resistance should appear near 326.1 to 327 and the 337.7 to 338.6 region
May Soybean Oil
Resistance should appear near 3493 to 3503 and 3553 to 3563.
Support should appear near 3443 to 3425 and 3386 to 3377
July Corn
Recommended open position long at 323 1/2
Resistance should appear near 326
1/4 to 327 and the 331 3/4 to 332
3/4 region..
Support is at 321 1/4 to 319 1/2 and 315 3/4 to 314 1/4
May CBOT Wheat
Recommended Open Position Long at 391 ½
Support should appear near 418 1/4 to 416 1/2 and 412 to 411
Resistance should appear
near 423 3/4 to 424 3/4 and 437 to 438
1/4
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
7645
Support is near 7690 to 7675 and 7605 to 7585
Resistance should appear near 7765
to 7780 , a close over augurs for a test trade to 7835 to 7865 and 7935 to 7955
..BW Traders should go long if a close over 7785 occurs .
May Cocoa
Support is at 1484 and 1459 to 1453
Resistance should appear near 1529 to 1535
and 1609 to 1615 .BW Traders can sell at 1607 and risk
a close over 1659 for three days in a row.
May
Sugar
Support should appear near 682 and 671
Resistance should appear near the 704 to 712
region. Beyond that sellers should surface near
735 to739 BW traders can sell at 703 and risk a close over 744 for three days in a row .
BW Traders should go short if a close under 670 occurs.
May Cotton
Support
should appear near 6670 to
6655.and the 6510 to 6480 region.
Resistance should appear near 6740 to 6755 and 6810 to 6835. A close over is
friendly and augurs for a test 6905 to 6920 BW Traders should go long if a close over 6845 occurs
A 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 22nd, 2004
5:20 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
Short June Canadian Dollars 7467
Long June SP500 1101.30
Short 2 April Gold 403.1 avg
Short May Unleaded Gas 11265
Short May Heating Oil 9095
Short May Pork Bellies 10122
Long July Corn 323 1/2
Long May Wheat 391 1/2 9095
Long May Coffee 7645