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FuturesCom Investment Publications
Morning Comments  Friday January 6th 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                                                      


Thursday January 5th  2006
2:00 PM  South Florida Beach Time                                   

"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-

 

                                         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 2275.00 and 2315 to 2322

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 691.90 to 690.60 and 683.60 to 680.90.
Resistance should appear near 699.00 to 700.30 and 707.40 to 708.80

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 7939 to 7954..
Support should appear near the 7777 to 7763
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 8668 to 8683 and 8762 to 8777 .
Support is at 8589 to 8560.and 8499 to 8484

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 534.4 to 535.6 then 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 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 20800 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 877.5 to 876.0 and 831.5 to 830.0
Resistance is at 904.5 to 906.0 and 931.5 to 934.5. 

Trade Accordingly

 

The Exciting Energies

 

Feb  Crude Oil
Resistance should appear near 6337 to 6250 and 6417 to 6430
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  18080 to 18220 and 18580 to 18650
Support should appear near 17380 to 17310 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 7457 to 6742 and 6672 to 6657
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 then 8762 to 8777 and the 8857 to 8872  region.
Support  is at 8592 to 8562 and 8502 to 8482  

                                       The Grande’ Grains

March Soybeans
Recommended open position short at 618
Resistance at 625 3/4 to 627 and 633 3/4 to 635. 
Support should appear near 616 1/2 and 611 1/4 to 610 1/2, a close under augurs  for a test of 603 1/2 to 602 1/4

BW Traders should go short if a close under 609 3/4 occurs..

March Soymeal
Recommended open position short at 191.7
Resistance  should appear near 194.6 to 195.3 and 198.2 to 199.6
Support should appear near  190.9 to 190.2 and 186.5 to 185.8  

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

March Corn
Resistance should appear near 217 to 218 1/2 and 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 342 1/2 to 344 1/4 then 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 338 3/4 to 337 3/4 then 332 3/4 to 331 3/4 and 321 1/4 to 319 /2

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

                                              The Satisfying Softs

March  ‘ The Monster ' Coffee
Support  should appear near 11690 to 11640 then 11360 to 11300 and the  11010 to 10960 region.
Resistance should appear near 11920 to 12030 and the 12320 to 12380 region. 
Stay tuned for Flashes and Updates.

March Cocoa
Support is at 1496 to 1484, a close under augurs for a test of 1459 to 1453 and the 1421 to 1415 region ..
Below that buyers should appear near 1383 to 1377  
Resistance should appear near 1`529 to 1535 and 1569 to 1576.. beyond that sellers 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 1496 and the1529 to 1535 region
Support  should appear near 1459 to 1453 and the 1421 to 1415 region.

March Cotton
Support should appear near  5430 to 5415 and 5355 to 5345.. below that a test of 5285 to 5255 is likely. .
Resistance should appear near 5495 to 5505 then 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
Thursday January 5th  2006
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 – 2006 all rights reserved Terms

BW Recommended Open Positions 1-05-2006
Short March Yen 8667
Short March EC 11917
Short March Swiss Francs 7671
Short March British Pounds 17540
Short March Aussie Dollar 7412
Short Feb Bellies 8557 
Short March Soybeans 618
Short March Bean Oil 2267
Short March Soymeal 191.7