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Morning Comments Friday March 11th, 2005
Serving
Professional and Individual Traders World Wide since 1988
7690 Rockport Circle , Lake Worth , Florida
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Thursday March 10th , 2005
3:15 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near 10960.00 to 11010.00
Support should appear near 10680 to 10580
June SP500
Resistance
should appear near 1232.00 to 1238.00
Support should appear near 1203.00 to 1192.00.
Nasdaq Composite
Support should appear near 2043 to 2034
Resistance should appear near 2080.00 to 2089.00
June Mini Nasdaq 100
Resistance
should appear near 1552.00 and 1569.00 to 1576.00
Support is at 1529.00 and 1512.50
June Mini Russell 2000
Recommended open position long at 645.50
Support is at 627.00 to 625.70 and 619.00 to 616.50
Resistance is at 633.70 to 635.00 and 641.7 to 643.00 .
June 10 Year T-Note
Resistance should appear near 109-07 and 109-22.
Support is at 108-22 and 108-07
The Frenzied Forex Front
June Yen
Resistance
should appear near 9706 to 9737 and the 9821 to 9837 region
Support should appear near 9641 to 9625 and the 9542 to 9526 region
BW Traders should go short if a close under 9524 occurs
June Euro Currency (EC)
Recommended open position short at 13337
Support should appear at 13430 to 13400 and 13340
Resistance should appear near 13615 and 13770 to 13830
June Swiss Franc
Recommended open position short at 8567
Resistance should appear near 8762 to 8777
Support should appear near 8683 to 8668
June British Pound
Recommended open position short at 18973
Support should appear near 19090 to 19020
Resistance should appear near 19276 and 19460 to 19530
June Canadian Dollar
Support should appear near 8223 to 8194 and 8134 to 8119
Resistance is at 8314 and 8391 to 8406
June Aussie Dollar
Resistance should appear near 7939 to 7954 and 8029 to 8044
Support should appear at 7836 and 7777 to 7763
Precious Metals
April Gold
Resistance
should appear at 444.6 and 450.3 to 451.4
Support is at 438.1 to 437.0
May Copper
Support should appear near 14960 to 14840 and 14590 to 14530
Resistance should appear near 15290 to 15350 and 15690 to 15760
May Silver
Support should appear near 750.5 to 748.5 and 734.5 to 732.5
Resistance is at 767.5 to 769.0 and 776.0 to 777.5
The Exciting Energies
April Crude Oil
Resistance should appear near 5418 to 5430 and 5490 to 5504
Support should appear near 5356 to 5344 and 5282 to 5259
April Unleaded Gas
Resistance should appear 14960 and 15290 to 15350.
Support should appear near 14590 to 14530
April Heating Oil
Resistance should appear 15290 to 15350 and 15690 to 15760
Support should appear near 14960 to 14840 and 14590 to 14530
April Cattle
Recommended open position short at 8545
Support should appear near 9062 to 9042 and 8967 to 8932
Resistance is at 9137 to 9157 and 9317 to 9347
April Hogs
Support
should appear near 7172 to 7142 and 7087 to 7072
Resistance should appear near 7327 to 7342 and 7412 to 7427
June Hogs
Support is at 7867 to 7837 and the 7777 to 7762 region.
Resistance should appear near 7937 to 7957 and 8027 to 8047
May Pork Bellies
Resistance should appear near 8857 to 8872 and the 8932 to 8967 region.
Support is at 8777 to 8762 and the 8682 to 8667 region.
The Grande’ Grains
May Soybeans
Support is 635 to 633 3/4 and 627 to 625 3/4
Resistance should appear near 641 3/4 to 640 and 648 1/4 to 650 3/4
May Soymeal
Support should appear near 186.4 to 185.8 and 182.2 to 180.8
Resistance should appear near 190.2 to 190.9 and 194.6 to 195.3
May Soybean Oil
Resistance should appear near 2370 and 2411 to 2419
Support should appear near 2322 to 2315 and 2275 to 2267
May Corn
Support should appear near 218 1/2 to 217 and 213 1/2 to 212 3/4.
Resistance is at 221 3/4 to 222 3/4 and 226 3/4 to 227 1/2
May CBOT Wheat
Resistance should appear near the 349 1/4 to 350 1/4 and the 355 1/4 to 356 1/4 region
BW Traders can sell at 355 1/4 and risk a close over 363 1/4 for three days in a row. .
Support should appear near 344 1/4 to 342 1/2 and 338 3/4 to 337 3/4
The Satisfying Softs
May 'The Monster' Coffee
Recommended open position Long at 121.80
Support is near 13770 then 13460 to 13340 and 13100 to 13040
Resistance should appear near the 14150 to 14210 and 14530 to 14590
May Cocoa
Support is at 1738 to 1731 and 1696 to 1689
Resistance is at 1780 and 1808 to 1822.
May Sugar
Recommended Open Position Long at 906
Support should appear near 882 to 877
Resistance should appear near 907 to 912.
May Cotton
Recommended open position Long at 5155
Support should appear near 5140 to 5125 and 5070 to 5055
Resistance should appear near 5285 and 5345 to 5355
- 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
Thursday March 10th , 2005
4:05 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 June Mini Russell 645.50
Short June EC 13337
Short June Swiss Francs 8567
Short June British Pounds 18973
Short April Cattle 8545
Long May Coffee 12180
Long May Sugar 906
Long May Cotton 5155