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FuturesCom Investment Publications
Morning Comments Monday Feb 7th, 2005
 Serving Professional and Individual Traders World Wide since 1988
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                      " We are what we repeatedly do. Excellence, then, is not an act, but a habit."   -Aristotle-

Sunday Feb 6th  2005
7:00 AM  Eastern time   

Open BW Positions

                                      The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10820 and 10960 to 11010
Support should appear near 10680 to 10630 and 10580 .

March SP500
Recommended open position long at 1181 70
Resistance should appear near 1203.00 and 1217.50
Support should appear near 1192.00 and 1186.7.  

Nasdaq Composite
Support should appear near 2080 and 2042.00 to 2034.00 
Resistance should appear near 2088.00 and 2126 to 2134

March Mini Nasdaq 100
 Resistance is at 1535 and 1569 to 1576
Support is at 1529 and 1496 to 1484 

March Mini Russell 2000
Support is at 635 to 633.70.
Resistance is at  641.70 to 643.00 

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 at 9705
Resistance should appear near 9641 and 9706 to 9737
Support should appear near 9542 to 9526.. 

March Euro Currency (EC)
Recommended open position short 13037
Support should appear at 12740 to 12680.
Resistance should appear near 12890 and 12965

March Swiss Franc
Recommended open position Short  8332
Resistance should appear near 8300 to 8314  
Support should appear near 8223 to 8194 . 

March British Pound
Recommended open position Short 18576
Support should appear near 18650 to 18580 and 18220 to 18080 
Resistance should appear near 18876 and 19020 to 19090

March Canadian Dollar
Recommended open position Short 8008
Support should appear near 7954 to 7939 and 7864 to 7836
Resistance is at 8029 to 8044 and 8119 to 8134. 

March Aussie Dollar
Recommended open position short at 7532
Resistance should appear near 7689 and  7763 to 7777  
Support should appear at  7601 to 7587  

Precious Metals

April Gold
Resistance should appear at 416.3 to 418.3
Support is at 412 to 411    

March Copper
Support should appear near 13460 to 13340 
Resistance should appear near 13770 to 13830 
BW Traders should go short if a close under 13740 occurs

March Silver
Support should appear near 659.5 to 657.5 and  650.5 to 648.0 region
 Resistance should appear near 665.5 to 667.50 and 674.5 to 675.5


                                     The Exciting Energies
March Crude Oil
Resistance should appear near 4695 to 4717 and 4775 to 4785 
Support should appear near 4639 to 4650 and 4582 to 4571

March Unleaded Gas 
Resistance should appear near 12680 to 127540 and 13040 to 13100 
Support should appear near 12380 to 12320 and 12030 to 11920

March Heating Oil
Resistance should appear 13340 to 13460 and the 13770 to 13830 region. 
Support should appear near 12740 to 12680 and 12530.
                                                         
                                                             The Lively Livestock

April Cattle
Support should appear near 8777 to 8762 and 8682 to 8667 ..
Resistance is at 8857 to 8872 and 8937 to 8967.    
BW Traders should go short if  a close under 8662 occurs

April Hogs
Recommended open Position Short 2 at 7432 avg 
Spread : Short 2  April / Long 2 July  Hogs  +120 
Support should appear near 7257 to 7242 and the 7172 to 7142 region  
Resistance should appear near 7327 to 7342 and 7412 to 7427

March Pork Bellies
Resistance should appear near 8937 to 8967 and 9042 to 9062
Support is at 8857 then  8777 to 8762 and 86
.
             

                                   The Grande’ Grains

March Corn
Support should appear 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 should appear near 499 1/2 to 497 1/2 and the 492 3/4 to 491 1/2 region is likely.. Under that buyers should appear near 485 3/4 to 484 1/2
BW Traders can buy at 485 1/4  for a good bounce .. risk a close under 476 3/4 for three days in a row
Resistance is at 505 3/4 to 506 3/4 and 512 3/4 to 513 3/4

March Soymeal
Support should appear near 148.4 .Below that buyers should appear near 145.9 to 145.3 
BW Traders can buy at 146.1 and hold for higher prices
Resistance should appear near 152.9 to 153.5 and 156.9 to 157.6 

March Soybean Oil
Resistance should appear near 1909 and 1946 to 1953 
Support should appear near 1865 to 1858 and 1822 to 1808
BW Traders can buy at 1867 for a bounce and risk a close under 1802 for three days in a row.. 

March CBOT Wheat
Support should appear near  287 1/2 and the 282 3/4 to 282 region..  
BW Traders can buy at 282 3/4 for a turn higher , risk a close under 275 1/4 for three days in a row.
Resistance should appear near  292 3/4 to 293 3/4 and the 297 1/4 to 299 region. 

                                                                      The Satisfying Softs

March  ‘The Monster’ Coffee
Recommended open position Long 2 at 10730 avg    
Support is near 11010 to 10960 and 10820 below that buyers should appear near 10680 to 10580
Resistance should appear near 11300 to 11360 and 11500 

May Coffee
Recommended open position Long 2  at 10990 avg   
Support is near 11010 to 10960 and 10680 to 10580 
Resistance should appear near 11300 to 11360 and 11640 to 11690

May Cocoa 
Support is at 1576 to 1569 and 1535 to 1529
Resistance is at  1609 to 1615 and 1642 to 1655
BW Traders should go short if a close under 1527 occurs.. 

May Sugar
Support should appear near 941 to 932   
Resistance should appear near 968 to 972

March Cotton
Recommended open position Long 2 at 4595 avg   
Support should appear near 4315 to 4305 and 4250 to 4235
Resistance should appear near 4370 to 4385 and 4435 to 4445       
--Traders should prepare to roll to May Cotton--
           - 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  
Sunday  Feb 6th 2005
9:00 AM 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

BW Recommended Open Positions
Long March SP500 1181.70 
Short March Yen 9705
Short March EC 13037
Short March Swiss Francs 8332 
Short March British Pounds 18576
Short March Aussie Dollars  7532
Short March Canadian Dollars 8008
Short 2  April Hogs  7432 avg
Spread : Short 2 April Hogs / Long 2  July Hogs  -120 
Long 2  March Coffee  10730  avg
Long 2  May Coffee      10990 avg
Long  2 March Cotton 4595 avg