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Morning Comments Tuesday January 25th , 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
Monday, January 24th 2005
1:30 PM Eastern time
Dow Jones Industrial Average
Resistance should
appear near 10470 and 10580 to 10630
Support should appear near 10360 to 10320
March SP500
Recommended open position long 3 at 1189.40 avg
Resistance should appear near 1175.7 and 1180.50
Support should appear near 1169 to 1164.00.
Nasdaq
Composite
Support should appear near 1996 to 1984
Resistance should appear near 2034 to 2042
March Mini Nasdaq 100
Recommended open position long at 1577
Resistance is at 1529 to 1535
Support is at 1496 to1484
March Mini Russell 2000
Recommended open position long 620
Support is at 603.50
to 602.30 .
Resistance is at 616.5 to 619.0
March 10 Year T-Note
Resistance should
appear near 112-22 and 113-07
Support is
at 112-07 and 111-22..
The Frenzied Forex Front
March Yen
Recommended open position short 9610
Resistance should appear near 9821 to 9837
Support should appear near 9737 to 9706
March
Euro Currency (EC)
Recommended open position short at 13037
Support should appear at 13040 then 12965 and 12890.
Resistance should appear near 13100 then 13160 and 13220
March
Swiss Franc
Recommended open position short at 8501
Resistance should appear near 8484 to 8499 and the 8560 to 8589 region..
Support should appear near 8406 to
8391, a close under augurs for a test of 8314 to 8300.
BW Traders should go short if a close under 8387 occurs
March
British Pound
Support should
appear near 18650 to 18580
Resistance should appear near 18867 and 19020 to 19090
BW Traders should go short if a close under 18576 occurs.
March
Canadian Dollar
Support should appear near 8134 to 8119 .
Resistance is at 8194 to 8223
March
Aussie Dollar
Recommended open position short at 7532
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
Recommended open position short at 14140
Support should appear near 14210 to 14150
Resistance should appear near 14530 to 14590.
BW Traders should go short if a close under 13740 occurs
March Silver
Support should appear near 675.5 to 674.0
Resistance is at 699.0 to 700.5.
The Exciting Energies
March Crude Oil
Resistance should appear
near 4915 to 4926 and 4973 to 4995
Support should appear near 4785 to 4775 and 4717 to 4695
March Unleaded Gas
Recommended open position short at 12830
Resistance should appear near the 13340 to 13460 region .
Support should appear near 13040 and 12740 to 12680
March Heating Oil
Recommended open position short at 13270
Resistance should appear near
14150 to 14210 and 14530 to 14590.. Which should cap a rally..
Support should appear near 13830 to 13770 and 13460 to 13340
The Lively Livestock
February Cattle
Recommended open position short 8940
Support should appear near 8857 and 8777 to 8762.
Resistance is at 8937 to 8967 and 9042 to 9062
February
Hogs
Support is 7512 to 7487 and 7427 to 7412
Resistance should appear near 7587
to7602 and 7677 to 7692
April Hogs
Support is 7602 to 7587 and 7512 to7487
Resistance should appear near 7672 to 7692 and 7762 to 7777
February Pork Bellies
Recommended open Position Short at 9340
Resistance should appear near 9422 to 9447 and
9527 to 9542
Support is at 9347 to 9317
and the 9157 to 9137 region
The
Grande’ Grains
March Corn
Support should appear 195 1/4 to 194 3/4 and 190 3/4 to 190 1/4
Resistance is at 198 1/4 to 199 3/4 and 203 1/2 to 204 1/4 .
March
Soybeans
Support is 513 3/4 to 512
3/4
Resistance is at 525 3/4
to 528 1/2
March
Soymeal
Support should appear near 153.5 to 152.9
Resistance should appear near 156.9 to 157.6
March
Soybean Oil
Resistance should appear near 2034 to 2042and 2080 to2088
Support
should appear near 1953 to1946 and 1909 to
1902.
March CBOT Wheat
Support should appear near 293 3/4 to 292 3/4 region.
Resistance should appear near 303 3/4 to 304 1/2
The Satisfying Softs
March ‘The Monster’ Coffee
Recommended open position long 2 at 10415 avg
Support
is near 10185 and 10135 to 10105
Resistance should appear near 10360 and 10580 to 10680
March
Cocoa
Support is at 1496 to 1484 region
Resistance is at 1535 and 1569 to 1576.
BW Traders should go short if a close under 1483 occurs..
March
Sugar
Support should appear near 882 to 877, a close under augurs for a test of
852 to 847
Resistance should appear near 907 to 912 and 932 to 941.. BW
Traders can sell at 907 for
a turn lower and risk a close over 947 for three days in
row.
March
Cotton
Recommended open position long at 4675
Support should appear
near 4585 to 4570 and 4515 to 4505
BW traders can buy at 4520 for the Pull..
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
Monday January 24th, 2005
2:30 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
Long March Mini Nasdaq 1577
Long March Mini Russell 620
Short March Yen 9610
Short March EC 13037
Short March Swiss Francs 8501
Short March Aussie Dollars 7532
Short March Unleaded Gas 12830
Short March Heating Oil 13270
Short Feb Cattle 8940
Short Feb Bellies 9340
Long 2 March Coffee 10415 avg
Long March Cotton 4675