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FuturesCom Investment Publications
Morning Comments Wed March 23rd 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 

Tuesday  March 22nd,  2005
7:00  PM  Eastern time   

Open BW Positions   

                                         The Sensational Stock and Bond Markets  
Dow Jones Industrial Average
Resistance is near 10580.00 to 10630.00  and  10680.00
Support should appear near 10470.00 and 10360.00 to 10320.00

June SP500
Resistance should appear near 1180.50 and 1192.00 to 1203.00    
Support should appear near the 1169.00 to 1164.00 region.  BW  Traders can buy at 1169.10 and hold for higher prices.. 

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 1484 to 1496 
Support is at 1459 to 1453

June Mini Russell 2000
Recommended open position long at 645.50
Support is at  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 108-22 and 109-07 
Support  should appear near 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 13100 to 13040 and 12890  
Resistance should appear near 13220 and 13340 to 13460 

June Swiss Franc
Resistance should appear near 8484 to 8499   
Support should appear near  the 8406 to 8391 region 

June British Pound
Support should appear near the 18650 to 18580 region. 
Resistance should appear near 18836 and 19020 to 19090

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

June Aussie Dollar
Resistance should appear near 7763 to 7777 
Support should appear near 7689 to 7675

Precious Metals 

April Gold  
Resistance should appear at  430.4 to 431.5 and 437 to 438.1 
Support is at 424.9 to 423.8 and .the 418.3 to 416.3 region. 

May Copper
Support should appear near 14590  to 14530 and the 14210 to 14150 region. 
Resistance should appear near 14960 and 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 683.5 to 680.5 and the 667.5 to 665.5  region. 
Resistance is at 707.5 to 708.5 and 714.5 to 717.0  

                                    The Exciting Energies
May Crude Oil
Resistance should appear near 5553 to 5577 and 5640 to 5653
Support should appear near 5504 to 5492 and the 5430 to 5418 region 

April Unleaded Gas 
Resistance should appear 15690 to 15750 and 16090 to 16150 
Support should appear near 15350 to 15290 and the 14960 to 14840 region  

April Heating Oil
Resistance should appear 15350 and 15690 to 15760 
Support should appear near 14960 to 14840 and 14590 to 14530 

 The Lively Livestock  

April Cattle
Recommended open position Short at 8845
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance should appear near 8777 then 8857 to 8872 and the 8932 to 8967 region.   

April Hogs
Support should appear near 7002 to 6992 and the 6922 to 6907 region 
Resistance should appear near 7072 to 7087 and 7142 to 7172. 

June Hogs
Support is 7867 to 7837 and the 7777 to 7762 region  
Resistance should appear near 7937 to 7957 and 8027 to 8047. 

May Pork Bellies
Recommended open position short at 9137
Resistance should appear near 9527 to 9542 the 9627 to 9642 and 9707 to 9737 
Support is at 9447 to 9427 then 9347 to 9317 and 9237  

                                  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 349 1/4 to 350 1/4 and the 355 1/4 to 356 1/4 region 
Support should appear near 338 3/4 to 337 3/4 and 327 to 326 1/4  

                                  The Satisfying Softs  
May  'The Monster' Coffee
Recommended open position Long 2  at 128.25 avg  
Support is near 13100 to 13040  Below that buyers should appear near 12740 to 12680 and the 12380 to 12320 region..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. 

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  1731 to 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 5065 to 5055 and 4995 to 4975  
Resistance should appear near 5200 to 5210 and 5255 to 5285

- 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 March 22nd, 2005
8:20 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
ShortApril Cattle 8845
Short May Pork Bellies 9137
Short May Wheat 355 ¼
Long 2  May Coffee 12825 avg 
Long May Cotton 5155
Long May Sugar 912