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FuturesCom Investment Publications
Morning Comments Monday January 9th 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
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
Resistance should appear near the1304.00 to 1310.00 region
Traders Should Stay tuned for Updates and Flashes
Nasdaq Composite
Support should appear near the 2275 to 2267
Resistance should appear near 2315 to 2322
March Mini Nasdaq 100
Resistance should appear near 1774.00 to 1780.00
Support should appear near 1738.00 to 1731.00
March Mini Russell 2000
Support is at 700.30 to 699.00 and 691.90 to 690.60 .
Resistance should appear near 707.40 to 708.80 and 714.30 to 717.00
March 10 Year T-Note
Resistance should appear near 109-21 and 110-07
Support should appear near 109-07 and 108-21
March 30 Year T-Bond
Resistance should appear near 114-07 and 114-21
Support is at 113-21 and 113-07
The Frenzied Forex Front
March Yen
Recommended open position short at 8667
Resistance should appear near 8856 to 8871
Support should appear near 8777 to 8762
Aggressive BW Traders should go short if a close under 8757 occurs..
Trade Accordingly and Stay tuned for Updated and Flashes
March Euro Currency (EC)
Recommended open position short 2 at 12060 avg
Support should appear at 12175 and 12030 to 11920
Resistance should appear near 12247 and the 12320 to 12380 region
March Swiss Franc
Recommended open position short 2 at 7791 avg
Resistance should appear near 7939 to 7954 and 8029 to 8044.
Support should appear near the 7864 to 7836 and 7777 to 7763
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 .
Support is at 8499 to 8484
March Aussie Dollar
Recommended open position Short at 7412
Support should appear near 7428 to 7414
Resistance should appear near 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 535.6 to 534.4 and 528.2 to 525.9
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 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 906.0 to 904.0 and 877.5 to 876.0
Resistance is at 931.5 to 934.5.and 942.5 to 944.5
Trade Accordingly
The Exciting Energies
Feb Crude Oil
Resistance should appear near 6483 to 6509 and 6577 to 6591
Support should appear near 6350 to 6337 and 6190 to 6165
Feb Unleaded Gas
Resistance should appear near 18580 to 18650 and 19460 to 19530
Support should appear near 17800 to 17740 and the 16960 to 16890 region
Feb Heating Oil
Resistance should appear at 18080 to 18220 and 19020 to 19090
Support should appear near 17380 to 17310 and 16550 to 16420
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 9627 to 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 6352 to 6337 and 6272 to 6257 .
Resistance is at 6482 to 6512 and 6577 to 6592
April Hogs
Support is at 6757 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 8762 to 8777 and the 8857 to 8872 region.
Support is at 8682 to 8667 and 8592 to 8562
The Grande’ Grains
March Soybeans
Recommended open position short at 618
Resistance at 616 1/2 to 619 and 625 3/4 to 627
Support should appear near 610 1/2 and 603 1/2 to 602 1/4 below that a test of
595 3/4 to 594 1/2 is likely.
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 190.2 to 190.9 and 194.6 to 195.3
Support should appear near 186.5 to 185.8 and 182.2 to 180.8
March Soybean Oil
Recommended open position short at 2267
Resistance should appear near 2315 to 2322 and 2354 to 2370
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
Recommended open position short at 330 3/4
Resistance should appear near 331 3/4 to 332 3/4 and 337 3/4 to 338 3/4.
Support should appear near 321 1/4 to 319 /2 and 315 3/4 to 314 3/4
The Satisfying Softs
March ‘ The Monster ' Coffee
Support should appear near 11690 to 11640 then 11360 to 11300. Below that 10820 should contain a decline , BW Traders can buy at 11390 for a bounce and hold for higher prices... Below that buyers should appear near 11010 to 10960 and the 10820 region. .
Resistance should appear near 12030 then12320 to 12380 and the 13040 to 13100 region.
Stay tuned for Flashes and Updates.
March Cocoa
Support is at 1535 to 1529 and 1496 to 1484, a close under augurs for a test of 1459 to 1453 and the 1421 to 1415 region ..
Resistance should appear near 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 5495 then 5430 to 5415 and the 5355 to 5345.region .
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
Saturday January 7th 2006
8:15 AM 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 1-06-2006
Short March Yen 8667
Short 2 March EC 12060 avg
Short 2 March Swiss Francs 7799 avg
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
Short March Wheat 330 3/.4