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Morning Comments,
Thursday March 25th, 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
Wed March 24th 2004
2:30 PM .. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9445 and 9526 to 9542
Support should appear near 9347 to 9316
June Euro Currency (EC)
Support should appear at 1.2030
to 1.1960.
Resistance is at 12175 and 12320 to 12380.
June Swiss
Franc
Resistance should appear near 7939
to 7954
Support should appear near 7836 and
the 7777 to 7763 region .Aggressive BW Traders should go
short if a close under 7834 occurs.
June British Pound
Support should appear near 1.8080 and
17800 to 17740
Resistance should appear near 1.8150
to 1.8220
BW Traders should go short if a close under 18072 occurs.
June Canadian Dollar
Recommended Open Position Short 7430
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...
June Aussie Dollar
Support should appear near the 7342 to 7328 region ,
Resistance should appear at 7414 to 7428
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 and 10185..
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 and 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
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 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
Support
should
appear near 3682 to 3663 and 3623 to
3613
Resistance is at 3734 to 3743.
May Unleaded
Gas
Recommended open position Short 11265
Resistance should appear
near 11640 to 11690
Support should appear near 11300 to
11340
May Heating Oil
Recommended open position short 9095
Resistance should appear near 9140 to
9156 and 9316 to
9347
Support should appear near 9060 to 9044 and 8964 to 8934
Trade Accordingly…
The Lively Livestock
June Cattle
Recommended open position Short 7357
Support should appear at 7257 to 7242 and 7170 to 7142
Resistance is at 7327 to 7342 and 7417 to 7427
June Hogs
Support is at 7002
to 6992 and 6922 to 6907
Resistance is at 7072 to 7087 and 7142 to 7172
July Hogs
Support is at 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 6742 to 6757 and 6812 to 6837
.
May Pork
Bellies
Recommended open position Short 10122
Support should appear near 10360 to 10320 and 10187
Resistance is at 10470.and 10580 to
10630
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 1005 to 1000 and the 983 3/4 to 982 1/4 region
May
Soymeal
Support should appear near 310.1 to 309.2 and 304.5 to 303.6
Resistance should appear near 319.4 to 321.2 and 326.1 to 327
May Soybean Oil
Resistance should appear near 3425 to 3443 and 3493 to 3503
Support should appear near 3386 to 3377 and
3328 to 3319
July Corn
Recommended open position long at 323 1/2
Resistance should appear near 319 1/2 to
321 1/4 .
Support is at 314 1/4 and 310 1/4 to 309 1/4
May CBOT Wheat
Recommended Open Position Long at 391 1/2
Support should appear near 412 to 411 and 405 3/4 to 404 3/4
Resistance should appear
near 416 1/4 to 418 1/4 and 423 3/4 to 424 3/4
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
7645
Support is near 7485 and 7345 to 7325
Resistance should appear near 7585 to
7605 and 7675 to
7690.
BW Traders should go long if a close over 7785 occurs .
May Cocoa
Support is at 1459 to 1453 and 1421 to 1415
Resistance should appear near 1484 to 1496 and
1529 to 1535
May
Sugar
Recommended Open position Short 703
Support should appear near 712 to 704 and 686 to 682
Resistance should appear near 735 to739
May Cotton
Support
should appear near 6430 to
6415 and the 6350 to 6335 region.
BW Traders can buy at 6355 and risk a close under 6245 for three days in a
row.
Resistance should appear near 6575 to 6590 and 6655 to 6670.
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
Wed March 24th, 2004
3:35 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 7430
Long June SP500 1101.30
Short 2 April Gold 403.1 avg
Short May Unleaded Gas 11265
Short May Heating Oil 9095
Short June Cattle 7357
Short May Pork Bellies 10122
Long July Corn 323 1/2
Long May Wheat 391 1/2 9095
Long May Coffee 7645
Short May Sugar 703