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FuturesCom Investment Publications
Morning Comments Tuesday March 22nd  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  March 21st,  2005
2:00  PM  Eastern time   

Open BW Positions   

                                         The Sensational Stock and Bond Markets  
Dow Jones Industrial Average
Resistance is near 10580.00 to 10680.00
Support should appear near 10470.00 and 10360.00 to 10320.00

June SP500
Resistance should appear near 1192.00 to 1197.50 and 1203.00    
Support should appear near  1180.50.. Below that buyers should appear near  the 1169.00 to 1164.00 region.  BW  Traders can buy at 1169.10 and hold for higher prices.. Aggressive  BW Traders should go long if a close over 1217.60 occurs

Nasdaq Composite
Support should appear near the 1996.00 to 1982.00 region  
Resistance should appear near 2034.00 to 2042.00

June Mini Nasdaq 100  
Recommended open postion long at 1497
Resistance should appear near 1529 to 1535
Support is at 1484 and 1459 to 1453

June Mini Russell 2000
Recommended open position long at 645.50
Support is at  619.00 to 616.50 and 611.30 to 610.10. Below that 603.5 to 602.3 should contain a decline 
Resistance is at 625.70 to 627.00 and the 633.7 to 635.0 region   

June 10 Year T-Note  
Resistance should appear near 109-07 and  109-22. Beyond that 110-07 should cap a rally 
Support  should appear near 108-22 and 108-07.. Below that 107-22 should hold

                              The Frenzied Forex Front

June Yen
Resistance should appear near 9625 to 9641 and 9706 to 9737
Support should appear near 9542 to 9526 and the 9445 to 9429 region.  
BW Traders should go long  if a close over 9739 occurs. 

June Euro Currency (EC)
Support should appear at  the 13100 to 13040 region..  
Resistance should appear near 13220 and 13340 to 13460 

June Swiss Franc
Resistance should appear near 8560 to 8589 and 8668 to 8683   
Support should appear near 8499 to 8484 and the 8406 to 8391 region 

June British Pound
Support should appear near 1.8836 abd the 18650 to 18580 region. 
Resistance should appear near 19020 to 19090 and 1.9276

June Canadian Dollar
Support should appear near 8223 to 8194 
Resistance is at  8300 to 8314 and 8352 

June Aussie Dollar
Resistance should appear near 7836 to 7864 
Support should appear near 7777 to 7763

Precious Metals 

April Gold  
Resistance should appear at  437 to 438.1 and  442.5 to 444.6 
Support is at  430.4 then 424.9 to 423.8 and .the 418.3 to 416.3 region. 

May Copper
Support should appear near  14840 then 14590  to 14530 and the 14210 to 14150 region. 
Resistance should appear near 15290 to 15350  BW. Traders can sell at 152.70 and risk a close over 1.5830 for three days in a row..  
BW Traders should go short if a close under 145.10 occurs.

May Silver  
Support should appear near 700.5 to 699.0 and the 683 3/4 to 680 3/4 region. 
Resistance is at 714.5 to 717.0 and the 724.5 to 725.5 region. 

                                    The Exciting Energies
May Crude Oil
Resistance should appear near 5716 to 5729 and 5792 to 5805
Support should appear near 5577 to 5553 and 5504 to 5492

April Unleaded Gas 
Resistance should appear 16090 to 16150 and the 16420 to 16550 region 
Support should appear near 15690 and the 15350 to 15290 region 

April Heating Oil
Resistance should appear 15760 and the 16090 to 16150 region 
Support should appear near 15350 to 15290 and the 14960 to 14840 region. 

 The Lively Livestock  

April Cattle
Recommended open position Short 2 at 8897 avg
Support should appear near 8777 to 8762 and the 8682 to 8667 region
Resistance should appear near 8857 to 8872 and the 8932 to 8967 region.   

April Hogs
Support should appear near 7087 to 7072 and 7002 to 6992  
Resistance should appear near 7142 to 7172  and the 7242 to 7257 region. 

June Hogs
Support is 7957 to 7937 and the 7867 top 7837 region. 
Resistance should appear near 8047 then 8117 to 8137 and the 8192 to 8222 region. 

May Pork Bellies
Recommended open position short at 9137
Resistance should appear near 9317 to 9347 and 9427 to 9447  
Support is at 9237 and 9157 to 9142

                                  The Grande’ Grains
May Soybeans
Support is at  625 3/4 and the 619 to 616 1/2 region.. BW Traders can buy at 619 3/4 for a bounce and risk 
a close under 601 1/4  for three days in a row.
Resistance should appear near 633 3/4 to 635 and the 641 3/4 to 643 region.    

May Soymeal
Support should appear near 186.5 to 185.8 and 182.2 to 180.8
Resistance should appear near 190.1 to 190.9 and 194.6 to 195.3 

May Soybean Oil
Resistance should appear near  2267 to 2275 and 2315 to 2322
Support should appear near 2226 to2219 and 2185 to 2170 

May Corn
Support should appear  near 213 1/2 to 212 3/4 and the 208 3/4 to 208 region.  
Resistance is at  217 to 218 1/2 and 221 3/4 to 222 3/4 . 

May CBOT Wheat
Recommended open position short 355 1/4
Resistance should appear near 344 1/4 and 349 1/4 to 350 1/4 
Support should appear near 338 3/4 to 337 3/4 and 327to 326 1/4  

                                  The Satisfying Softs  
May  'The Monster' Coffee
Recommended open position Long 2  at 128.25 avg  
Support is near  13040  Below that buyers should appear near 12740 to 12680 and contain a decline.. BW Traders can buy at 12750 and risk a close under 11890 for three days in a row.
Resistance should appear near 13340 to 13460 and the 13770 to 13830 region. A close over is friendly and augurs for a test of the 14150 to 14210 region.  

BW Traders should go long if a close over 13840 occurs

May Cocoa 
Support is at 1696 to 1689 and 1655 to 1642 
Resistance is at  1738  and 1774 to 1780  

May Sugar
Recommended open position Long at 912
Support should appear near 852 to 847
Resistance should appear near 877 to 882 
 
May Cotton
Recommended open position Long at 5155
Support should appear near 4995 to 4975 and 4925 to 4915  
Resistance should appear near 5055 to 5065 and the 5125 to 5140

- 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 March 21st, 2005
3:00 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.
FuturesCom Investment Publications © copyright 1996 – 2005 all rights reserved Terms

BW Recommended Open Positions
Long June Mini Nasdaq 1497
Long June Mini Russell 645.50
Short 2  April Cattle 8897 avg
Short May Pork Bellies 9137
Short May Wheat 355 ¼
Long 2  May Coffee 12825 avg 
Long May Cotton 5155
Long May Sugar 912