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Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs

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FuturesCom Investment Publications
Morning Comments Thursday January 13th 2005
 Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle ,  Lake Worth ,  Florida 33467 -  USA and Canada Toll Free :
1-866-409-3890 -  Intl : 1- 561-433-2995  http://www.futurescom.com


“A lot of people approach risk as if it’s the enemy,  when it’s really fortunes accomplice.”  

Wed January 12th  2005
7:00 PM  Eastern time   

Open BW Positions

                                    The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance
should appear near 10630 to 10680.. A close over is friendly and augurs for a test of 10820.    
Support should appear near 10580 and 10525 to 10470

March SP500
Recommended open position long at 1203.00
Resistance should appear near 1192.00 and 1197.50 to1203.00
Support should appear near 1180.50 and the 1169.00 to 1164.00 region   
BW traders can buy at 1169.30 and plan on risking  a close under 1161.00 for  three days in a row

BW Traders should go long if a close over 1197.70 occurs

Nasdaq Composite
Support
should appear near 2088to 2080 
Resistance should appear near 2126 to 2134.  

March Mini Nasdaq 100
Recommended open position long at 1577 
Resistance
is at 1576 and the 1609 to 1615 region 
Support is at 1569 and 1535 to 1529. 
BW Traders should go long if a close over 1593  occurs 

March Mini Russell 2000
Recommended open position Long at 620
Support
is at  611.3 to 610.1 and 595.7 to 594
Resistance
is at 616.5 to 619.0 and 633.7 to 635 

March 10 Year T-Note
Resistance should appear near 111-22  and 112-07.Beyond that sellers should appear near 112-22 
Support
is at 111-07 and 110-22  Below that support should appear near 110-07

                                The Frenzied Forex Front
March Yen
Recommended open position Short at 9610
Resistance should appear near 9821 to 9837
Support should appear near 9737 to 9706   

March Euro Currency (EC)
Support
should appear at 13220 and 13100 to 13040 
Resistance
should appear near 13340 to 13460

March Swiss Franc
Resistance
should appear near 8668 to 8683
Support
should appear near 8589to 8560. 

March British Pound
Support
should appear near 18650 to18580 
Resistance should appear near  18876 and 19020 to 19090

March Canadian Dollar
Recommended open position short at 8187
Support should appear near 8314 to 8300  
Resistance
is at 8390 to 8406

March Aussie Dollar
Support
should appear near 7601 to 7587 
Resistance should appear at 7675 to 7689

                                     Precious Metals

February Gold
Resistance
should appear at 430.4 to 431.5 
Support is at 424.9 to 423.8    

March Copper
Support
should appear near 13830 to13770 
Resistance
should appear near 14150 to 14210

March Silver
Support
should appear near 667.5 to 665.5 and 659.5 to 657.5
Resistance
is at 674 to 675.5 and 680.5 to 683.5 

                                       The Exciting Energies

Feb Crude Oil
Resistance
should appear near 4695 to 4717 
Support should appear near 4582 to 4571  

Feb Unleaded Gas 
Resistance should appear near 12320 to 12380 and  12680 to 12740  
Support should appear near 12030 to 11920  and 11690 to 11640.

Feb Heating Oil
Re
sistance should appear near 13040 to 13100 and 13340 13460
Support
should appear near 12740 to 12680 and 12380 to 12320


                                                              The Lively Livestock

February Cattle
Support
should appear near 9157 to 9142 and 8967 to 8932 
Resistance
is at 9317 to 9347 and 9427 to 9447

February Hogs
Recommended open position short at 7575
Short 2 Feb / Long 2 June Hogs  -195 
Support is 7512 to 7487 and the 7427 to 7412 region.  
Resistance should appear near 7587 to 7602 and the 7672 to 7692

February Pork Bellies
Recommended open position short at 9622
Resistance should appear near 9622 to 9642 and  9707 to 9737 
Support is at 9542 to 9527and 9447 to 9427.. Below that a test of 9347 to 9312 is likely. 

BW Traders should go short if a lose under 9312 occurs. 


                                        The Grande’ Grains

March Corn
Recommended open position long at 209 1/4
Support should appear near 199 3/4 to 198 1/4 
Resistance is at 203 1/2 to 204 1/4

March Soybeans
Support
is at 528 1/4 to 525 1/2 and 5211/4 to 520. 
Resistance is at 534 1/2 to 535 3/4 and 541 3/4 to 543

March Soymeal
Support
should appear near 161.5 to 160.9 and 157.6 to 156.9  
Resistance
should appear near 164.2 to 165.5 and 168.9 to 169.6  
BW Traders can sell at 168.8 for a turn lower and risk a close over 174.1 for three days in row.  

March Soybean Oil
Resistance
should appear near 1982 to 1996 and 2034 to2042 
Support
should appear near 1953 to1946 and 1909 to 1902

March CBOT Wheat
Recommended open position long 304 3/4
Support should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4
Resistance should appear near 314 3/4 to 315 3/4 and 219 1/2 to 321 1/4 
BW Traders should go long if a close over  310 3/4 occurs


                                      The Satisfying Softs
March  ‘The Monster’ Coffee    
Recommended open position long 2  at 10150 avg
Support is near 9835 to 9820 then 9735 to 9705.and the 9645 to 9625 region. 
Resistance
should appear near 10020 to 10035 and 10105 to 10135 ... Beyond that a test of 10320 to 10360 is likely

March Cocoa 
Support
is at the1459 to 1453 and 1421 to 1415
Resistance is at 1489 to 1496 and 1529 to 1535

March Sugar
Support
should appear near 852 to 847
Resistance
should appear near 877 to 882  

March Cotton
Support should appear near 4585 to 4570  and 4515 to 4505
Resistance
should appear near 4695 to 4715 and 4775 to 4785

- A Ship in Harbor is Safe...But that is not what ships are built for –

Happy Trading!  

Bill  wil@futurescom.com

1-866-409-3890

Wed
January 12th, 2005
8:00 PM South Florida Beach Time
 

THIS PUBLICATION IS SUBJECT TO REVISIONS AND 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 – 2005 all rights reserved Terms

Current BW Recommended Open Positions
Long March SP500 1203.00 
Long March Mini Nasdaq 1577
Long March Mini Russell 620
Short March Yen 9610
Short March Canadian Dollar 8187
Short Feb Hogs 7575
Short 2 Feb / Long 2 June Hogs  -195 
Short Feb Bellies 9622 
Long March Corn 209 1/4 
Long March Wheat 304 3/4
Long 2 March Coffee 10150 avg