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FuturesCom Investment Publications
Morning Comments Friday Feb 3rd 2006
Serving Professional and Individual Traders World Wide since 1979
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 Feb 2nd 2006
5:20 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 1271.00 to1268.00 and 1253.00
Resistance should appear near 1274.00 and 1289.00....
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 1713.50 and 1731.00 to 1738.00
Support should appear near 1689.00 .. Below that buyers should appear near 1671.50 and 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 108-08 and 108-21
Support is at 107-21 and 107-07
March 30 Year T-Bond
Resistance should appear near 113-07 and 113-21
Support is at 112-07 and 111-21
The Frenzied Forex Front
March Yen
Resistance should appear near 8484 to 8499 and 8560 to 8589
Support should appear near.8406 to 8391 and 8314 to 8300
March Euro Currency (EC)
Support should appear at 12102 and the 12030 to 11920 region..
Resistance should appear near 12137 and 12175
March Swiss Franc
Recommended open position short 2 at 7799
Resistance should appear near 7836 to 7864
Support should appear near 7689 to 7675
March British Pound
Recommended open position short at 17540
Support should appear near 17740 and 17560.
Resistance should appear near 17800 and 17940
March Canadian Dollar
Resistance should appear near 8762 to 8777.
Support is at 8683 to 8668 ..
March Aussie Dollar
Recommended open position short at 7412
Support should appear near 7513 to 7486 ..
Resistance should appear near 7587 to 7601
Precious Metals
April Gold
Resistance should appear at 579.2 to 580.5 and 585.5 to 588
Support is at 565.3 to 564 and 557.7 to 555.3
March Copper
Support should appear near 21850 to 21700 and 20890 to 20800
Resistance should appear near 23150 to 23220 and 23540 to 23700.
March Silver
Support should appear near 964.0 to 962.5 and 944.5 to 942.5
Resistance is at 992.0 to 993.5 and 10.000 to 10050
The Exciting Energies
March Crude Oil
Resistance should appear near 6483 to 6509 and 6577 to 6591
Support should appear 6350 to 6337 and 6113 to 6101
March Unleaded Gas
Resistance should appear near 16890 to 16969 and 17310 to 17380
Support should appear near 16550 to 16420 and the 16150 to 16090 region
March 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
April Cattle
Recommended open position Short 9115
Support should appear near 8967 to 8937 and 8872 to 8857
Resistance is at 9047 to 9062 and 9137 to 9157
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 April Hogs 6007
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 5957 to 5942 and 5882 to 5857
Resistance is at the 6022 to 6037 and 6102 to 6112
June Hogs
Support is at 6757 to 6742 and the 6672 to 6657 region
Resistance is at 6807 to 6837 and 6907 to 6917 .
March Pork Bellies
Resistance should appear near 7327 to 732 then 7417 to 7427 and the7487 to 7512 region
Support is at 7257 to 7242 then 7172 to 7142 and the 7087 to 7072 region
The Grande’ Grains
March Soybeans
Resistance at 585 1/2 to 588 and 594 1/2 to 595 3/4
Support should appear near the 572 3/4 to 571 3/4 and 565 1/4 to 564 1/4
March Soymeal
Resistance should appear near 185.8 to 186.5 and 190.2 to 190.9 .
Support should appear near 180.8 and 178.0 to 177.4
March Soybean Oil
Resistance should appear near 2219 to 2226 and 2267 to 2275.
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
Support is at 213 1/2 to 212 3/4
March Wheat
Resistance should appear near 349 1/4 to 350 1/4 and 355 1/4 to 356 1/4
Support should appear near 338 3/4 to 337 3/4 and 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 11690 to 11640 and 11360 to 11300
Resistance should appear near 11920 to 12030 and 12320 to 12380
BW Traders should go long if a close over 12755 occurs
March Cocoa
Recommended open position Short at 1453
Support is at 1421 to 1415 and 1383 to 1377
Resistance should appear near 1459 and 1484 to 1496
March Sugar
Resistance should appear near 1946 to 1953 and 1982 to 1996
Support should appear near 1865 to 1856 and 1822 to 1808.
March Cotton
Recommended open position Short at 5710
Support should appear near 5655 to 5640 and 5580 to 5555
Resistance should appear near 5790 to 5805 and 5855 to 5880
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
Thursday Feb 2nd 2006
6:45 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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BW Recommended Open Positions 2-2-2006
Long March SP500 1289.7
Short 2 March Swiss Francs 7799 avg
Short March British Pounds 17540
Short March Aussie Dollar 7412
Short April Cattle 9115
Short April Hogs 6007
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 Corn 216 3/4
Long 2 March Coffee 12025
Short March Cocoa 1453
Short March Cotton 5710