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FuturesCom Investment Publications
Morning Comments  Wed  January 4th 2006
 Serving Professional and Individual Traders World Wide since 1988
1650 SW Malmo Rd , Port St. Lucie ,  Florida 34953 -  USA and Canada Toll Free : 1-866-409-3890 -  Intl : 1- 772-621-4234  http://www.futurescom.com                                                      


Tuesday January 3rd  2006
4:30 PM  South Florida Beach Time                                       

            The Sensational Stock and Bond Markets  

                
Dow Jones Industrial Average
Resistance remains near the 10,960.00 to 11,010.00 region.
Support should appear near 10,820 and the 10680.00 to 10580.00 region.  .

March SP500
Support should appear near 1268.00 and 1253.00 and the 1238.00 to 1232.00 region .
Resistance should appear near 1289.50  and the 1304.00 to 1310.00  region
Traders Should Stay tuned  for Updates and Flashes

Nasdaq Composite
Support should appear near the 2226 to 2219 and 2185.00 to 2170.00.
Which should contain a decline
Resistance should appear near 2267 to 2275.00..

March Mini Nasdaq 100
Resistance should appear near 1696.00 and the 1731.00 to 1738.00 region
Support  should appear near 1672.00 and 1655.00 to 1642.00 

March Mini Russell 2000
Support is at 683.60 to 680.90 and the 667.30 to 665.90 region, which should hold. BW Traders can buy at 667.40 and risk a close under 657.20 for three days in a row..
Resistance should appear near 690.60 to 691.90 and the 699.00 to 700.30 region

March 10 Year T-Note  
Resistance should appear near 110-07 , beyond that sellers should appear near 110-21 and 111-07.
Support  should appear near 109-07 and  108-21

March 30 Year  T-Bond
Resistance should appear near  114-21 and 115-07
Support  is at 113-21 and  113-07                                             

                                            The Frenzied Forex Front

March  Yen
Recommended open position short at 8667
Resistance should appear near 8762 to 8777
Support should appear near 8589 to 8560 

Aggressive BW Traders should go short if a close under 8529 occurs..

Trade Accordingly  and Stay tuned for Updated and Flashes

March  Euro Currency (EC)
Recommended open position short at 11917
Support should appear at 12030 to 11920 and 11805 
Resistance should appear near 12102 then 12175 and the 12320 to 12380 region

BW Traders should go short if a close under 11802  occurs.

March Swiss Franc
Recommended open position short at 7671
Resistance should appear near 7836 to 7864 and 7939 to 7954..
Support should appear near the 7777 to 7763 and 7689 to 7675

BW Traders should go short if a close under 7634 occurs.

March British Pound
Support should appear near 17380 to 17310 .
Resistance should appear near 17560 and 17740 to 17800  ..BW  Traders can sell at 17540 for a turn lower and risk 100 pts..

March  Canadian Dollar
Resistance  should appear near 8668 to 8683 and the 8762 to 8777 region .
Support is at 8589 to 8560 and 8499 to 8484.. Below that a test of 8406 to 8391 is likely..

March Aussie Dollar
Recommended open position Short at 7412
Support should appear near 7342 to 7328  
Resistance should appear near 7414 to 8428 region .Beyond that 7486 to 7513 should cap a rally..

Aggressive BW Traders should go short if a close under 7289  occurs..

 

                                              Precious Metals

Feb Gold
Resistance should appear at the 534.5 to 535.5 region.. Beyond that sellers should appear near 555.5 to 557.5 ..
BW Traders can sell at 555.0 and risk a close over 567.0 for three days in row 
Support is at 521.1 to 520 and 513.9 to 512.7 , a close under is negative and augurs for a test of 499.5 to 497.3 and the 485.6 to 484.5  region.  Aggressive BW Traders should go short if a close under 512.7 occurs.
.

March Copper
Support should appear near 204.20 to 203.40 , a close under augurs for a test of  19090 to 19020 and 18650 to 18580 region  
Resistance should appear near 2080 to 20890 and the 21260 to 21340 region ..Beyond that 21700  to 21850 should cap a rally.. well Heeled BW Traders can sell at 216.50 and risk a close over 223.5 for three days in a row.
Aggressive BW  Traders should go short if a close under 202.50 occurs

March Silver 
Support should appear near 9060 to 904.5.and 877.5 to 876.0
Resistance is at  923.6 and 931.5 to 934.5.. Beyond that sellers should appear near the 970.5 to 973.5 region..Which Cap a rally for a bit. 

Trade Accordingly

 

The Exciting Energies

 

Feb  Crude Oil
Resistance should appear near 6337 to 6350 and 6417 to 6430.
Support should appear near 6190 to 6165 and 6035 to 6023

Feb Unleaded Gas 
Resistance should appear near 17740 to 178000 and the 18080 to 18220 region
Support  should appear near 16960 to 16890 and the 16550 to 16420 region.

Feb Heating Oil
Resistance should appear at 18080 to 18220 and the 19020 to 19090 region
Support should appear near 17800 to 17740 and 16960 to 16890


                                                                     The Lively Livestock  

Feb  Cattle
Support should appear near 9542 to 9527 , a close under is negative and augurs for a test of  9347 to 9317  
Resistance is at  9642 and 9707 to 9737  BW  Traders can sell at 9707 for a turn lower  and hold for lower prices. initially plan on risking  a close over 9952 for three days in a row..

BW Traders should go short if a close under 9522 occurs.

Feb Hogs
Support  should appear near 6432 to 6412 and the 6352 to 6337 ..
Resistance is at 6577 to 6592 and the 6657 to 6672 region.

April Hogs
Support is at 6757 to 6742 and 6672 to 6657
Resistance is at 6907 to 6922 and the 6992 to 7002  region.. 

Feb Pork Bellies
Resistance should appear near the 8392 to 8407 region .. Beyond that sellers should appear near 8557 to 8587..
BW  Traders can sell at 8557 and hold for lower prices.
Support  is at 8317 to 8302 and 8222 to 8192.

                                       The Grande’ Grains

March Soybeans
Recommended open position short at 618
Resistance at 633 3/4 to 635 and the 648 1/4 to 650 3/4 region. 
Support should appear near 627 to 625 3/.4 and 619 to 616 1/2 .
Traders should go short if a close under 609 3/4 occurs..

 

March Soymeal
Resistance  should appear near 198.2 to 199.6 and the 203.4 to 204.2 region. Sellers should appear near 208.0 to 208.9
BW Traders can sell at 207.9 and risk a close over 213.9 for three days in a row.
Support should appear near  195.3 to 194.6, A close under is negative and augurs for a test of 190.9 to 190.2  
Aggressive BW traders can go short if a close under 194.4 occurs.

March  Soybean Oil
Recommended open position short at 2267
Resistance should appear near the 2354 to 2370 and 2411 to 2419
Support should appear near 2275 to 2267 and 2226 to 2219

March Corn
Resistance should appear near the 221 3/4 to 222 3/4 region
BW  Traders can sell at 221 3/4 for a turn lower, risk a close over 228 1/4 for three days in a row..
Support is at  213 1/2 to 212 3/4  and the 208 3/4 to 208 region.  ...

March Wheat
Resistance should appear near 349 1/4 to 350 1/4 and the 355 1/4 to 356 1/4 region..BW Traders can sell at 354 3/4 and risk a close over 363 for three days in a row...
Support should appear near 332 3/4 to 331 3/4 and 321 1/4 to 319 1/2

BW Traders should go short if a close under 337 1/4 occurs.

                                              The Satisfying Softs

March  ‘ The Monster ' Coffee
Recommended open position Long at 10875
Support  should appear near 10680 to 10580  and the 10360 to 10320 region ..
BW Traders who have ‘Ice Water’ running thru their veins can buy at 10370 for a turn higher.. Initially plan on risking a close under 10015 for three days in a row..
Resistance should appear near 10960 to 11010 . A close over is friendly and augurs for a test of 11300 to 11360 

Stay tuned for Flashes and Updates.

March Cocoa
Support is at  1535 to 1529 and 1496 to 1484, 
Resistance should appear near 1609 to 1615.and the 1642 to 1655 region. .
BW Traders can sell at 1608 and risk a close over 1657 for three days in row..

BW Traders should go short if a close under 1481 occurs

March  Sugar
Resistance should appear near 1453 to 1459
Support  should appear near  the 1383 to 1377 region .

March Cotton
Support should appear near  5430 to 5415 and 5355 to 5345.
Resistance should appear near 5555 to 5585 and the 5640 to 5655 region. BW Traders can sell at 5550 for a turn lower and risk a close over 5655 for three days in row..  Above that sellers should appear near 5715 to 5730 and the 5855 to 5880 region, Which should cap a rally.

- 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 January 3rd  2006
6:00 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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BW Recommended Open Positions 1-03-2006
Short March Yen 8667
Short March EC 11917
Short March Swiss Francs 7671
Short March Aussie Dollar 7412
Short March Soybeans 618
Short March Bean Oil 2267
Long March Coffee 10875