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Morning Comments Friday Feb 25th, 2005
Serving
Professional and Individual Traders World Wide since 1988
7690 Rockport Circle , Lake Worth , Florida
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Thursday Feb 24th 2005
4:15 PM Eastern time
Resistance should appear near 10820 and the 10960 to 11010 region
Support should appear near 10680 to 10630 and 10580 .
March SP500
Recommended open position Long at 1203.1
Resistance should appear near 1203.00...Beyond that a test of 1217.50 is likely
Support should appear near 1197.50 to 1192.00 and 1180.5
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 2015
Resistance should appear near 2061 and the 2080 to 2089 region
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 625.7 and 619.00 to 616.50
Resistance is at 633.70 to 635.00
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 and the 9445 to 9429 region
BW Traders should go short if a close under 9426 occurs
March Euro Currency (EC)
Recommended open position Short at 13027
Support should appear at 13160 and 13100 to13040.
Resistance should appear near 13220 and 13340
to 13460
March Swiss Franc
Resistance should appear near 8668 to 8683 and 8762 to 8777
Support should appear near 8589 to
8560 and 8499 tom 8484
March British Pound
Support should appear near 19020 then 18836 and 18650 to 18580
Resistance should appear near 19090 then 19276 and 19460 to 19530
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 8194 to 8223.
BW Traders should go short if a close under 8026 occurs
March Aussie Dollar
Resistance should appear near 7864 and 7939 to 7954.
Support should appear at 7836 and 7777 to 7763
Precious Metals
April Gold
Resistance
should appear at the 437 to 438.1 region and 442.5 to 444.5
Support is at 431.5 to 430.4 and 424.9 to 423.8
Support
Resistance should appear near 14960 and 15290 to 153.50
May Silver
Support should appear near 742.5 to 741.5 and 734.0 to 732.5
Resistance
is at 748.5 to 751.5 and 776.0 to 777.5
The Exciting Energies
April Crude Oil
Resistance should appear near 5127 to 5139 then 5259
to 5282 and 5344 to 5356
Support should appear near 5067 to 5056 and 4926 to 4915 and 4856 to 4845
April Unleaded Gas
Resistance should appear near 14530 to 14590 and 14840 to 14960
Support should appear near 14210 to 14150 and 13830 to
13770
April Heating Oil
Resistance should appear 14530 to 14590 and 14840 to 14960
Support should appear near 14210 to 14150 and 13830 to 13770
The Lively Livestock
April Cattle
Support
should appear near 8592 to 8562 and 8502 to 8482.
Resistance is at 8667 to 8682 and 8762 to 8777
April Hogs
Recommended open position short at 7340
Support is should appear near 7512 to 7487 and 7427
to 7417.
Resistance should appear near 7587 to 7602 and 7672 to 7687
June Hogs
Support is at 7867 to 7837 and 7777 to 7762
Resistance should appear near 7937 to 7957 and 8027 to 8042
March Pork Bellies
Resistance should appear near 8667 to 8682 and the 8762 to 8777 region
Support is at 8592 to 8562 and 8502 to 8482
The Grande’ Grains
May Soybeans
Support
is 572 3/4 to 571 3/4 and 565 1/4 to 564
Resistance is at 585
1/2 to 588 then 594 1/2 to 595 3/4 and 602 1/4 to 6031/2
May Soymeal
Support
should appear near 173.8 to 173.1 and 169.6 to 168.9
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 and 208 3/4 to 208
Resistance is at 217 to 218 1/2 and 221 3./4 to 222 3/4
May CBOT Wheat
Resistance
should appear near 326 1/4 to 327and 331 3/4 to 332 3/4
Support 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 12320 then 12030 to 11920 and 11820
Resistance should appear near 12680 to 12740 and the 13340 to 13460 region
March Coffee
Support
is near 12030 to 11920 and 11690 to 11640
Resistance should appear near 12320 to 12360 and 12680 to 12740
May Cocoa
Recommended open position short at 1569
Support is at 1615 to 1609 and 1576 to 1569
Resistance is at 1642 to 1655 and 1689 to 1696
May Sugar
Recommended Open Position Long at 906
Support should appear near 912 to 907..
Resistance should appear near 932 to 941
May Cotton
Recommended open position long at 4685
Support should appear near 4855 to 4845 and 4785 to 4775
Resistance should appear near 4915 to 4925 and 5055 to 5065
- 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 23rd 2005
4:30 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 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 Gold 436.9
Short April Cattle 8545
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