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Morning Comments Thursday Feb 10th, 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
Wed Feb 9th 2005
5:00 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10680 and 10960 to 11010
Support should appear near 10630 to 10580 .
March SP500
Resistance
should appear near 1203.00 and 1217.50
Support should appear near 1192.00 and 1186.7.
Nasdaq
Composite
Support should appear near 2042.00 to 2034.00
Resistance should appear near 2080 to 2088
March
Mini Nasdaq 100
Resistance is at 1529 to 1535
Support is at 1496 to 1484
March Mini Russell 2000
Support is at 619 to 616.5 and 611.30 to 610.10. Below that buyers should appear near 603.50 to 602.30 and the 595.70 to 594.50 region. Which should hold. BW Traders can buy at 611.4 for a bounce and risk a close under 600.9 for three days in a row.
Resistance is at 627.00 an extended trade over is friendly and augurs for a test of the 633.70 to 635.00 region.
March 10 Year T-Note
Resistance should
appear near 113-22 and 114-07
Support is
at 113-07 and 112-22
The Frenzied Forex Front
March Yen
Resistance should appear near 9526 to 9542 and 9625 to 9641
Support
should appear near 9445 to 9429 and the 9347 to 9316 region
March
Euro Currency (EC)
Support
should appear at 12740 to 12680.
Resistance should appear near 12890 and 12965
March
Swiss Franc
Resistance
should appear near 8262 and 8300 to 8314
Support should appear near 8223 to 8194
March
British Pound
Support
should
appear near 18400 and 18220 to 18080
Resistance should appear near 18580 to 18650
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
Resistance
should appear near 7689 and 7763 to 7777
Support should appear at 7675 and 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 13770 and 13460 to 13340
Resistance should appear near 14150 to 14210 and 14530 to 14590
BW Traders should go short if a close under 13740 occurs
March Silver
Support should appear near 650.5 to 648.0 and 635 to 633.5
Resistance should appear near 659 then 665.5 to 667.50 and 680.5 to 683.5
The
Exciting Energies
March Crude Oil
Resistance should appear
near 4571 to 4582 and 4639 to 4650
Support should appear near 4514 to 4503 and 4446 to 4425
March Unleaded Gas
Resistance should appear near 12680 to 12740
Support should appear near 12380 to 12320
March Heating Oil
Resistance should appear 12680 to 12740 and 13040 to 13100
Support should appear near 12380 to 12320 and 12030 to 11920
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 7342 to 7327 and 7257 to 7242
Resistance should appear near 7417 to 7427 and 7487 to 7512
March Pork Bellies
Resistance
should appear near 9042 to 9062 and 9142 to 9157
Support is at 8967 to 8937 and 8872 to 8857
.
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 506 3/4 to 505 3/4 and 499 1/2 to 497 1/4
Resistance is at 512 3/4 to 513 3/4 and 520 to 521 1/4
March
Soymeal
Support should appear near the 149.6 to 148.4 region. .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 153.5 and 156.9 to 157.6
March
Soybean Oil
Resistance should appear near 1902 to 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 288 1/4 to 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
Support
is near11010 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 4 at 11205 avg
Support is near 11360 to 11300 and 11010 to 10960
Resistance should appear near 11640 to 11690 and 11920 to 12030
May
Cocoa
Support
is at 1535 to 1529 and 1496 to 1484
Resistance is at 1569 to 1576 and 1609 to 1615
May
Sugar
Support
should appear near 941 to 932
Resistance should appear near 968 to 972
May
Cotton
Recommended open position Long 2 at 4410
Support should appear
near 4380 to 4370 and 4315 to 4305
Resistance should appear near 4445 and 4505 to 4515.. beyond that a test of 4570 to 4585 is likely.
--
- 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 Feb 9th 2005
6:10 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
BW Recommended Open
Positions
Short March Canadian Dollars 8008
Short 2 April Hogs 7432 avg
Spread : Short 2 April Hogs / Long 2 July Hogs -120
Long 4 May Coffee 11205 avg
Long 2 May Cotton 4410