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Morning Comments Wed Feb 23rd, 2005
Serving
Professional and Individual Traders World Wide since 1988
7690 Rockport Circle , Lake Worth , Florida
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- Intl : 1- 561-433-2995 http://www.futurescom.com
Tuesday Feb 22nd 2005
3:00 PM Eastern time
Resistance should appear near
10680 and the 10960 to 11010 region
Support should appear near 10630 to 10580.,. whihinthe current
enviroment should hold. .
March SP500
Recommended open position Long at 1203.1
Resistance should appear near 1192to1203
Support 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 2034 and 2015
Resistance should appear near 2042 and 2061
March Mini Nasdaq 100
Resistance is at 1529.00 to 1535.00
Support is at 1496.00 to 1484.00
March Mini Russell 2000
Recommended open position long at 635.5
Support is at 619.00 to 616.50 and 611.3 to 610.1
Resistance is at 625.0 to 627.7
June 10 Year T-Note
Resistance should appear near 110-22 and 111-07.
Support is at 110-07., a close under augurs for a test of 109-22 and 109-07
The Frenzied Forex Front
March Yen
Resistance should appear near 9625 to 9641
Support should appear near 9542 to 9526
March Euro Currency (EC)
Recommended open position Short at 13027
Support should appear at 13100 to13040.
Resistance should appear near 13340
to 13460
March Swiss Franc
Resistance should appear near 8667 to 8682
Support should appear near 8589 to
8560
March British Pound
Support should appear near
19090 to 19020
Resistance should appear near
19276 and 19460 to 19530
March Canadian Dollar
Recommended open position short at 8117
Support should appear near
8134 to 8119
Resistance is at 8194 to 8223.
March Aussie Dollar
Resistance should appear near 7939 to 7954.
Support should appear at 7864 to 7836.
Precious Metals
April Gold
Resistance
BW Traders can sell at 436.9 and risk a close over 439.5 for three days in a row
Support is at 431.5 to 430.4
Support
Resistance should appear near the 15290 to 153.50 region
May Silver
Support should appear near 734.0 to 732.5
Resistance
is at 776.0 to 777.5
The Exciting Energies
April Crude Oil
Resistance should appear near 5259
to 5282
Support should appear near
5139 to 5127and 5067 to 5056
April Unleaded Gas
Resistance should appear near
14530to 14590
Support should appear near 13830 to
13770
April Heating Oil
Resistance should appear 14150
to14210
Support should appear near 13830 to 13770
The Lively Livestock
April Cattle
Support
should appear near 8502 to 8482 and 8407 to 8392.. Below that a trade towards
8318 to 8302 is likely.
Resistance is at 8562 to 8592 and 8667 to 8682
April Hogs
Recommended open position short at 7340
Support is should appear near 7342
to 7327and 7257 to 7242 .
Resistance should appear near 7417 to 7427 and 7487to 7512
BW Traders should go short if a close under 7232 occurs
June Hogs
Support is at 7777 to 7762 and 7687 to 7672
Resistance should appear near 7837 to
7862 and 7937 to 7957
March Pork Bellies
Resistance should appear near 8562 to 8592 and the 8667 to 8682 region
Support is at 8407 to 8392 and the 8317 to 8302 region
The Grande’ Grains
May Soybeans
Support
is 550 1/2 to 541 3/4 and 543 to 541 3/4.
Resistance is at 585
1/2 to 588 and 602 1/4 to 6031/2
May Soymeal
Support
should appear near 173.8 to 173.1
Resistance should appear near 177.4 to 178.0 and 180.8 to 182.2
May Soybean Oil
Resistance
should appear near 2219 to 2226
Support should appear near
2185 to 2170
May Corn
Support should appear 213 1/2 to 212 3/4
Resistance is at 217 to 218 1/2
May CBOT Wheat
Support
should appear near 326 1/4 to 327and 331 3/4 to 332 3/4
Resistance should appear near 321 1/4 to 319 1/2 and 315 3/4 to 314
3/4
The Satisfying Softs
May 'The Monster' Coffee
Recommended open position Long 4 at 11205 avg
Support is near 11690 to 11640 below that buyers should appear near 11500
Resistance should appear near 11920 to 12030 and 12320 to 12380.
March Coffee
Support
is near 11360 to 11300
Resistance should appear near 11640 to 11690
May Cocoa
Recommended open position short at 1569
Support is at 1576 to 1569
Resistance is at 1609 to 1615
May Sugar
Recommended Open Position Long at 906
Support should appear near 932 and 912 to 907..
Resistance should appear near 968 oto 972
May Cotton
Recommended open position long at 4685
Support should appear near
4855to 4845 and 4785 to 4775
Resistance should appear near 5055 to 5065 and 5200 to 5210
- 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
Tuesday Feb 22nd 2005
4:00 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.
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Publications © copyright 1996 – 2005 all rights reserved Terms
BW Recommended Open
Positions
Long March SP500 1203.1
Long March Mini Nasdaq 1535.5
Long March Mini Russell 635.5
Short March EC 13027
Short March Canadian Dollars 8117
Short April Hogs 7340
Spread : Short 2 April Hogs 7255 / Long 2 July Hogs 7320
Long 4 May Coffee 11205 avg
Short May Cocoa 1569
Long May Sugar 906
Long May Cotton 4685