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FuturesCom Investment Publications
Morning Comments Tuesday Feb 15th, 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 Feb 14th  2005
4:30 PM  Eastern time   

Open BW Positions 

                                        The Sensational Stock and Bond Markets  
Dow Jones Industrial Average
Resistance should appear near 10820 and the 10960 to 11010 region
Support should appear near 10757 and the 10680 to 10580 region..

March SP500
Resistance should appear near 1217.50 an extended trade over augurs for a test of 1232 to 1238.
Support should appear near the 1203.00 to 1196.00 ands 1192.00   BW Traders can buy at 1203.1 for a bounce and hold for higher prices .. Below that  Buyers should appear near 1180.5 and the 1169.00 to 1164.00 region  BW Traders can buy at 1180.5 and risk a close under 1171.90 for three days in a row..

Nasdaq Composite
Support should appear near 2042 to 2034.and 1996 to 1982
Resistance should appear near 2088.. An extended trade over is friendly and augurs for a test 
of 2126 to 2134 

March Mini Nasdaq 100  
Recommended open position long at 1537.5
Resistance is at 1569 to 1576, beyond that a test of 1609 to 1615 is likely.
Support is at 1535 to 1529 and the 1496 to 1484 region. 

March Mini Russell 2000
Support is at 627 to 625.7 and 619 to 616.5.  Below that buyers should appear near 611.3 to 610.1 and the 603.50 to 602.30. Which should hold.  BW Traders can buy at 603.50 for a bounce and risk a close under 600.9 for three days in a row.
Resistance is at 635.00. Beyond that a trade towards 641.7 to 643 and the 648.30 to 650.9 region is likely.
BW Traders should go long if a close over 635.5 occurs

March 10 Year T-Note  
Resistance should appear near 112-22 and 113-07, which should cap a rally..  
Support is at 112-07 and 111-22., a close under augurs for a test of  111-07 and 110-22

                           The Frenzied Forex Front
March Yen
Resistance should appear near 9526 to 9542 and 9625 to 9641. Above that sellers should appear near  9706 to 9737..  BW Traders can sell at 9705 and hold for lower prices. 
Support should appear near 9445 to 9429.. Below that buyers should appear near 9347 to 9316….Failure there augurs for a test of 9156 to 9140 
Aggressive BW Traders should go short if a close under 9427 occurs

March Euro Currency (EC)
Support should appear at 12890 and  the 12740 to 12680 region..
Resistance should appear near 13030 to 13100..BW  Traders can sell at 13027 and risk a close over 13107 for three days in row.  Beyond that sellers should appear near 13220 and the 13340 to 13460 region

BW Traders should go short if a close under 12890 occurs

March Swiss Franc
Resistance should appear near 8391 to 8406 .BW Traders can sell at 8389 for a turn lower and risk  a close over 8417 for three days in row.   Beyond that sellers should appear near 8484 to 8499 
Support should appear near 8314 to 8300 and 8223 to 8194n
BW Traders should go short if a close under 8261 occurs

March British Pound
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 at 8117
Support should appear near 8044 to 8029 and 7954 to 7939 
Resistance is at 8119 to 8134 and the 8194 to 8223 region ..
BW Traders should go short if a close under 8026 occurs.

March Aussie Dollar
Resistance should appear near 7864 and the 7939 to 7954 region    
Support should appear at 7777 to 7763 and 7689 to 7675.. 

Precious Metals

April Gold  
Resistance should appear at 430.4 to 431.5 and the 437 to 438.1 region
BW Traders can sell at 436.9 and risk a close over 439.5 for three days in a row
Support is at 424.9 to 423.8 and 418.3 to 416.3    
Aggressive BW Traders should go short if a close under 415.9 occurs..

May Copper
Support should appear near 14210 to 14150 and 13830 to 13770,
Resistance should appear near 14530 to 14590 and 14840 to 14960
BW Traders should go short if a close under 13740 occurs

May Silver  
Support should appear near 725.5 to 724 and 717 to 714.0
Resistance is at  734.5 and the 748.5 to 751.5 region

 

                                   The Exciting Energies
April Crude Oil
Resistance should appear near 4845 to 4856 and the 4915 to 4926 region. 
Support should appear near 4785 to 4775 and 4717 to 4695, .a slip under augurs for a test of  the 4650 to 4639 region.

March Unleaded Gas 
Resistance should appear near 13040 to 13100 and the 13340 to 13460 region.
Support should appear near 12680 and 12380 to 12320.  A close under augurs for a test of 12030 to 11920 

March Heating Oil
Resistance should appear 13040 to 13100 and 13340 to 13460
Support should appear near the 12740 to 12680 region.  Below that a test of 12380 to 12320  is likely. 

The Lively Livestock  

April Cattle  
Support should appear near 8682 to 8667 and 8587 to 8557
Resistance is at  8762 to 8777 and 8857 to 8872 
BW Traders should go short if  a close under 8662 occurs

April Hogs
Support is  should appear near  7242 and  7172 to 7142.. a close under augurs for a test of 
 the 7087 to 7072 region. 
Resistance should appear near 7327 to 7342 and the 7417 to 7427 region.  BW Traders can sell at 7322 
and risk a close over 7447 for three days in a row .
BW Traders should go short if a close under 7232 occurs

June Hogs
Support is at 7687 to 7672 and 7602 to 7587 
Resistance should appear near  7762 to 7777 and the 7837 to 7862 region. Which should cap a rally..

March Pork Bellies
Resistance should appear near 8857 to 8872 and the 8932 to 8962 region .. Beyond that sellers should appear near 9042 to 9062 and the 9137 to 9157 region.  BW Traders can sell at 9037 and risk a close over 9162 for three days in row.. 
Support is at 8762.  A close under is negative and augurs for a test of 8592 to 8562 and 8317 to 8302 

                                The Grande’ Grains

May Soybeans
Recommended open position long 535 1/2
Support is 528 1./2 to 525 3/4  and 521 1/4  to 520.. Below that buyers should appear near 
513 3/4 to  512 3/4  Traders can buy at 514 1/4  for a bounce and hold for higher prices.. ...
Resistance is at  541 3/4 to 543 and 549 1/2 to 550 1/2

May Soymeal
Recommended open position long 160.8
Support should appear near 157.6 to 156.9 and 153.5 to 152.9
Resistance should appear near 160.9 to 161.5 and the 164.2 to 165.5  region.

May Soybean Oil
Recommended open position Long at 1997
Resistance should appear near 2034 to 2042 and 2080 to 2089..
Support should appear near 1996 to 1984 and 1953 to 1946. 
BW Traders should go long if a close over 2044 occurs

May Corn
Support should appear  204 1/2 to 203 1/2 and 199 3/4 to 198 1/4 
Resistance is at 208 3/4 and 212 3/4 to 213 1/2.

May CBOT Wheat
 Recommended open position long 309 1/4
Support should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4
Resistance should appear near 310 1/2 and the 314 3/4 to 315 3/4 region 

The Satisfying Softs

March  ‘The Monster’ Coffee  
Support is near 11155 and 11010 to 10960 .. below that buyers should appear near 10680 to 10580 
Resistance should appear near 11300 to 11360 and 11640 to 11690

May Coffee
Recommended open position Long 4 at 11205 avg  
Support is near 11500, below that buyers should appear near  the 11360 to 11300 region. Under that support should appear near 11010 to 10960 and the 10680 to 10580 region, which should contain a decline.
Resistance should appear near 11640 to 11690 and the 11920 to 12030 region. A close over is friendly and augurs for a test of 12320 to 12380 and the 13040 to 13100 region. 

May Cocoa 
 Recommended open position short at 1569
Support is at 1535 to 1529 and the 1496 to 1484 region..
Resistance is at 1569 to 1576.. Beyond that sellers should appear near 1609 to 1615
BW Traders should go short if a close under 1527 occurs.. 

May Sugar
Support should appear near  and 912 to 907..
BW Traders can buy at 914 and risk a close under 905 for three days in a row.
Resistance should appear near 968 to 972 

May Cotton
Support should appear near 4585 to 4570 and 4515 to 4505 ..BW  Traders can buy at 4525 and risk a close under 4365 for three days in a row.. 
Resistance should appear near 4635 to 4650 , a close over is friendly and augurs for a test of 4695 to 4715 and the 4845 to 4855 region. 
BW Traders should go long if a close over 4655 occurs.

- 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  Feb 14th 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

BW Recommended Open Positions
Long March Mini Nasdaq 1535.5
Short March Canadian Dollars 8117
Spread : Short 2 April Hogs 7255  / Long 2  July Hogs  7320
Long May Soybeans 535 1/2
Long May Soybean Meal 160.8
Long May Bean Oil 1997 
Long May Wheat 309 1/4 
Long 4  May Coffee 11205 avg
Short May Cocoa 1569