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FuturesCom Investment Publications
Morning Comments Thursday January 19th 2006
Serving Professional and Individual Traders World Wide since 1979
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The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near the 10,960.00 to 11,010.00 region. An extended close over is friendly and augurs for a test of 11,300.00 to 11,360. Which now appears likely to occur..
Support should appear near 10,820 and the 10680.00 to 10580.00 region. .
March SP500
Recommended open position long at 1289.7
Support should appear near the 1274.00 to 1268.00 region
Resistance should appear near 1289.00 and 1296.50, a close over is friendly and augurs for a test of 1304.00 to 1310.00 region...
BW Traders should go long if a close over 1296.80 occurs.
Stay tuned for Updates and Flashes
NASDAQ Composite
Support should appear near the 2275.00 to 2267.00 region..
Resistance should appear near 2315.00 to 2322.00
March Mini Nasdaq 100
Resistance remains should appear near 1756.00 and 1774.00 to 1780.00
Support should appear near 1731.00 then 1713.50 and 1696.00 to 1689.00 .
March Mini Russell 2000
Recommended Open Position Long at 700.70
Support is at 700.30 to 699.00 Below that buyers should appear near 691.90 to 690.60
Resistance should appear near 714.30 to 717.00 and the 724.20 to 725.50 region.. .
BW Traders should go long if a close over 717.40 occurs.
March 10 Year T-Note
Resistance should appear near 110-07 and 110-21
Support should appear near 109-21 and 109-07
March 30 Year T-Bond
Resistance should appear near 115-07 and 115-21
Support is at 114-21 and 114-07.
The Frenzied Forex Front
March Yen
Recommended open position short 2 at 8691 avg
Resistance should appear near 8762 to 8777
Support should appear near 8683 to 8667
March Euro Currency (EC)
Support should appear at 12102 and the 12030 to 11920 region..
Resistance should appear near 12175 then 12247 and the 12320 to 12380 region
March Swiss Franc
Recommended open position short 2 at 7799
Resistance should appear near 7864 then 7901 and the 7939 to 7954.region
Support should appear near 7777 to 7763 and the 7689 to 7675 region
March British Pound
Recommended open position short at 17540
Support should appear near the 17380 to 17320 region .
Resistance should appear near 17740 to 17800
March Canadian Dollar
Resistance should appear near 8589 and 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 and 7342 to 7328
Resistance should appear near 8486 to 7513 and 7587 to 7601 .
Precious Metals
Feb Gold
Resistance should appear at 549.2 to 550.4 and 555.3 to 557.7
Support is at 543.00 to 541.8 a slip under augurs for a test of 535.6 to 534.4
March Copper
Support should appear near 208.90 to 208.0 and 199.60 to 198.20
Resistance should appear near 21700 to 21850 and 221.90 to 22.60
March Silver
Support should appear near 906.0 to 904.50 below that a test of 887.00 to 885.50 is likely .
Resistance is at 914.0 to 915.5 and 931.5 to 934.5
The Exciting Energies
March Crude Oil
Resistance should appear near 6743 to 6755 and the 6809 to 6836 region.
Support should appear near 6673 to 6659 and 6591 to 6577
Feb Unleaded Gas
Resistance should appear near 18580 to 18650 and the 19020 to 19090 region
Support should appear near 18220 to 18080 and 17800 to 17740
Trade Accordingly
Feb Heating Oil
Resistance should appear at 18080 to 18220 and the 19020 to 19090 region
Support should appear near 17380 to 17310 and 16960 to 16890
The Lively Livestock
Feb Cattle
Recommended open position Short at 9422
Support should appear near 9642 to 9622 and 9542 to 9527
Resistance is at 9707 to 9737 and 9822 to 9837.. 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 9517 occurs.
Feb Hogs
Support should appear near 5882 to 5852 and 5807 to 5792
Resistance is at 5957 then 6022 to 6037 and the 6102 to 6112 region..
April Hogs
Recommended Open Spread position Short 4 April / Long 4 August at - 75 avg (Aug under April)
Recommended open position Short at 6462
Support is at 6432 to 6417, a close under augurs for a test 6350 to 6337
Resistance is at 6482 to 6512 and 6577 to 6592 BW Traders can sell at 6572 and risk a close over 6682 for three days in a row...
Stay Tuned for Flashes and Updates..
Feb Pork Bellies
Resistance should appear near the 8392 to 8407 and 8482 to 8502 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 then 8222 to 8192 and the 8137 to 8117 region. .
The Grande’ Grains
March Soybeans
Recommended open position Short at 579 1/4
Resistance at 572 3/4 and 579 1/4 to 580 1/2. Beyond that sellers should appear near the 585 1/2 to 588 region.
Support should appear near 565 1/4 to 564 and 557 3/4 to 555 1/2
March Soymeal
Recommended open position short at 180.3
Resistance should appear near 180.8 to 182.2 and 185.8 to 186.5. BW Traders can sell at 185.6 and
risk a close over 191.20 for three days in a row. ..
Support should appear near 178.0 to 177.4. and 173.8 to 173.1
March Soybean Oil
Recommended open position Short 2 at 2194 avg
Resistance should appear near 2126 to 2134 and 2170 to 2185
Support should appear near 2089 to 2088 and 2042 to 2034
BW Traders should go short if a close under 2162 occurs. .
March Corn
Recommended open position short at 208 3/4
Resistance should appear near 212 3/4 to 213 1/2 and 217 to 218 1/2 BW Traders cam sell at 216 ¾ and hold for lower prices.|
Support is at 208 3/4 to 208 region and the 204 1/4 to 203 1/2 region ..
March Wheat
Recommended open position Short at 330 ¾
Resistance should appear near 331 3/4 to 332 3/4 and 337 3/4 to 338 3/4
Support should appear near 327 to 326 1/4 and 321 1/4 to 319 1/2.
The Satisfying Softs
March ‘ The Monster ' Coffee
Recommended open position long at 12350
Support should appear near 12320 and 12030 to 11920... Below that 11690 to 11640 should hold..
BW Traders can buy at 11710 for a turn higher.
Resistance should appear near 12680 to 12740 and the13040 to 13100
March Cocoa
Support is at 1535 to 1529 and 1496 to 1484, an extended trade or close under is negative and indicates a test of 1459 to 1453
Resistance should appear near 1576.. Beyond that sellers should appear near 1609 to 1615.and the 1642 to 1655 region. .. .
BW Traders can sell at 1607 and risk a close over 1659 for three says in a row.
BW Traders should go short if a close under 1481 occurs
March Sugar
Resistance should appear near 1569 to 1576 and 1609 to 1615
Support should appear near 1535 to 1529 and 1496 to 1484
BW Traders should go short if a close under 1483 occurs.
March Cotton
Recommended open position short at 5570
Support should appear near 5580 to 5550 and 5505 to 5490
Resistance should appear near 5640 to 5655 and 5715 to 5730
- 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 17th 2006
5:00 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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