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FuturesCom Investment Publications
Morning Comments Thursday January 5th 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
"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable –
ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be
more than a mercantile mollusk--” Reminiscences of a Stock operator-
* Traders should take note that we have adjusted some close only BW recommendations
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 1274.00 to 1268.00 and the 1238.00 to 1232.00 region .
BW Traders can buy at 1238.10 for a bounce and hold for higher prices..
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
Resistance should appear near 2267 to 2275.00
March Mini Nasdaq 100
Resistance should appear near the 1731.00 to 1738.00 region
Support should appear near 1696 to 1689
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
Resistance should appear near 12175 and the 12320 to 12380 region
* BW Traders should go short if a close under 12102 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 7836 occurs.
March British Pound
Recommended Open Position Short at 17540
Support should appear near 17380 to 17310 .
Resistance should appear near 17740 to 17800 .
March Canadian Dollar
Resistance should appear near 8762 to 8777 region .
Support is at 8589 to 8560.
March Aussie Dollar
Recommended open position Short at 7412
Support should appear near 7428 to 7414 and 7342 to 7328
Resistance should appear near 7486 to 7513 and 7587 to 7601.
Precious Metals
Feb Gold
Resistance should appear near 549.5 to 550.5 and the 555.5 to 557.5 region ..
BW Traders can sell at 555.0 and risk a close over 567.0 for three days in row
Support is at 528.2 to 525.9 and 521.1 to 520 , a close under is negative and augurs for a test of 499.5 to 497.3
* Aggressive BW Traders should go short if a close under 525.2 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 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 6417 to 6430 and the 6483 to 6509 region
Support should appear near 6190 to 6165 and 6035 to 6023
Feb Unleaded Gas
Resistance should appear near 18080 to 18220 and the 18580 to 18650 region
Support should appear near 17380 to 17310 and the 16960 to 16890 region
Feb Heating Oil
Resistance should appear at 19020 to 19090 and 20340 to 20420
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 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 6352 to 6337 and 6272 to 6257 .
Resistance is at 6482 to 6512 and 6577 to 6592
April Hogs
Support is at 6742 then 6672 to 6657 and 6592 to 6577
Resistance is at 6807 to 6837 and 6907 to 6922 ..
Feb Pork Bellies
Recommended Open position Short at 8557
Resistance should appear near 8667 to 8682 and the 8762 to 8777 region
Support is at 8502 to 8482 and the 8407 to 8392 region
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. Beyond that 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 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 11010 to 10960 then 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 11300 to 11360, beyond that a test of 11640 to 11690 is likely.
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 1529 to 1535
Support should appear near 1459 to 1453 .
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 --
Stay tuned for Updates and Flashes in all markets
Happy Trading !
Bill wil@futurescom.com
1-866-409-3890
Wed January 4th 2006
7:00 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 – 2006 all rights reserved Terms
BW Recommended Open Positions 1-04-2006
Short March Yen 8667
Short March EC 11917
Short March Swiss Francs 7671
Short March Aussie Dollar 7412
Short Feb Bellies 8557
Short March Soybeans 618
Short March Bean Oil 2267
Long March Coffee 10875