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FuturesCom Investment Publications
Morning Comments  Wed  Feb 1st 2006
 Serving Professional and Individual Traders World Wide since 1979
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Tuesday January 31st  2006
2:30 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 10,820.00 and the 10680.00 to 10580.00 region.  . 

March SP500
Recommended open Position Long at 1289.7
Support should
appear near 1281.50 and the 1274.00 to 1268.00 region.
Resistance should appear near the 1304.00 to 1310.00 region...

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 near 1731.00 to 1738.00 and the 1774.00 to 1780.00 region.
Support  should appear near 1696.00 to 1689.00 .. Below that buyers should appear near the 1655.00 to 1642.00 region ..
Trade Accordingly

March Mini Russell 2000
Support
is at 725.50 to 724.20 and 717.00 to 714.30 .BW .Traders can buy at 717.20 and risk a close under 707.10  for three days in a row..
Resistance should appear near 741.40 to 742.80, a close over is friendly and augurs for a test of 748.60 to 751.30 and the 759.7 to 760.10 region..  .. .  

March 10 Year T-Note  
Resistance
should appear near 108-21 and 109-07
Support
 is at  108-07 and  107-21  

March 30 Year  T-Bond
Resistance
should appear near  113-07 and 113-21
Support  is
at 112-21 and 112-07

                                          The Frenzied Forex Front
March  Yen
Resistance
should appear near 8560 to 8589 and 8668 to 8683
Support should appear near. 8499 to 8484  the 8406 to 8391 region
 

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 7836 to 7864 and 7939 to 7954 
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 17560 and 17380 to 17320 .
Resistance should appear near 17740 to 17800 and 17940

March  Canadian Dollar
Resistance
should appear near 8762 to 8777 .. Beyond that sellers should appear near 8856 to 8871.
Support is at  8683 to 8668 and 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 7513 and 7587 to 7601

                                                   Precious Metals

April Gold
Resistance
should appear at the 571.6 to 572.9 region.. Beyond that sellers should appear near 579.2 to 580.5 .
Support is at  565.3 to 564 and 557.7  to 555.3 

March Copper
Support
should appear near 21850 to 2170 and  208.90 to 208.0   
Resistance
should appear near  22670 to 22750  and 23150 to 23220 . 

March Silver 
Support
should appear near  964.0 to 962.5 and 944.5 to 942.5
Resistance is at 982.0 to 983.5 .. Beyond that sellers should appear near  992.0 to 993.5 

The Exciting Energies

March Crude Oil
Resistance
should appear near 6906 to 6919 and 6990 to 7002 .
Support
should appear 6755 to 6743 and 6673 to 6659 .

March Unleaded Gas 
Resistance
should appear near 19020 to 19090.. beyond that sellers should appear near and the 19460 to 19530 region
Support  should appear near 18220 to 18080 and 17800 to 17740  .

March Heating Oil
Re
sistance
should appear at  19020 to 19090.. Beyond that 19820 to 19960 should cap a rally  
Support should appear near 18220 to 18080 and 17380 to 17310 .

                                           The Lively Livestock  
Feb  Cattle
Recommended open position Short at 9495
Support should appear near 9317.. An extended trade under is negative and augurs for a test of 9237 and the  9157 to 9137 region
Resistance is at  9347 and 9427 to 9447 and 9527 to 9542

April  Cattle
Recommended open position Short 9115
Support should appear near 9062 to 9042 and the 8967 to 8937 region
Resistance is at 9137 to 9157 and 9317 to 9347
BW Traders can sell at 9312 for a turn lower and risk a close over 9457 for three days in a row.

April Hogs
Short 4 April Hogs / long 4 August Hogs  - 75 avg (august under April)
Short 2 April Hogs / Long 2 June Hogs       +712 (June Over April )
Support
 should appear near 6117 to 6102, a close under augurs for a test of 6037 to 6022 
Resistance is at  6192 and the 6257 to 6172 region..BW  Traders can sell at 6247 for a turn lower.
Beyond that, sellers should appear near  6337 to 6352

BW Traders should go short if a close under 6097 occurs..

June  Hogs
Support
is at 6837 to 6807 and the 6757 to 6742 region
Resistance is at  6907 to 6917 and 6992 to 7002  region. 

March Pork Bellies
Resistance
should appear near  7587 to 7602 and 7762 to 7777 region....
Support  is at 7427 to 7417 and the 7342 to 7327 region  

                                         The Grande’ Grains                            

March Soybeans
Resistance
at 602 1/4 to 603 1/2 and the 610 1/4 to 611 1/4 region ..Beyond that sellers should appear near 616 1/2 to 619
Support
should appear near 588 to 585 1/2 , a close under is negative and augurs for a test of 580 1/2 to 579 1/4 and
eventually the 572 3/4 to 571 ¾ region  

March Soymeal
Recommended open Position Short at 185.6
Resistance  should appear near  190.2 to 190.9 and the 194.6 to 195.3 region .
Support should appear near 186.5 to 185.8 and 182.2. to 180.8

March  Soybean Oil
Resistance
should appear near 2226 and 2267 to 2275.. Beyond that sellers should appear near 2315 to 2322  
Support should appear near  2185 to 2170 and 2134 to 2126,

March Corn
Recommended open position Short at 216 3/4
Resistance should appear near 221 3/4 to 222 3/4 .and  226 3/4 to 227 1/2.
Support
is at  217 and  213 1/2 to 212 3/4

March Wheat
Resistance
should appear near 355 1/4 to 356 1/2 region and 361 1/4 to 362 1/4.
Support should appear near 344 1/4 to 342 1/2 ,  a close under is negative and augurs for a test of 332 3/4 to 331 3/4

                                                  The Satisfying Softs

March  ‘ The Monster ' Coffee
Recommended open position long 2 at 12025 avg
Support
  should appear near the 12030 to 11920 region  Below that buyers should appear near 11690 to 11640
Resistance should appear near 12320 to 12380 and 12680 to 12740
BW  Traders should go long if a close over 12755 occurs

March Cocoa
Recommended open position Short at 1453
Support
is at 1459 to 1453 and  1421 to 1415
Resistance should appear near  1484 to 1496 and 1529 to 1535  

March  Sugar
Resistance
should appear near 1858 to 1865 and 1902 to 1909  
Support
 should appear near  1780 to 1774 and  1738 to 1731. 

March Cotton
Support
should appear near 5505 to 5495, a close under is negative and augurs for a test of  5430 to 5415  
Resistance
should appear near 5555 to 5580 then  5640 to 5655 and 5715 to 5730
BW  Traders can sell at 5710 for a turn lower and risk a close over 5825 for three days in a row ..
..  
BW Traders should go short if a close under 5485 occurs.

- 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
Monday Jan 30th 2005
2:30 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 1-30-2006
Long March SP500 1289.7
Short 2 March Swiss Francs 7799 avg
Short March British Pounds 17540
Short March Aussie Dollar 7412
Short Feb Cattle 9495
Short April Cattle 9115
Short 4 April Hogs / long 4 August Hogs  - 75 avg (august under April)
Short 2 April Hogs / Long 2 June Hogs +712 (June over April )
Short March Soymeal 185.6
Short March Corn 216 3/4
Long 2  March Coffee 12025
Short March Cocoa 1453