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FuturesCom Investment Publications
Morning Comments Friday Feb 10th 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 9th 2006
1:30 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 10820.00 and the 10680.00 to 10580.00 region. .
March SP500
Recommended open Position Long at 1289.7
Support should appear near 1271.00 to 1268.00 and 1260.50
Resistance should appear near 1274.00 then 1281.50 and 1289.00
NASDAQ Composite
Support should appear near 2267.00 and 2246.50
Resistance should appear near 2295.00 and the 2315.00 to 2322.00 region
March Mini Nasdaq 100
Resistance remains near 1689.00 to 1696.00
Support should appear near the 1655.00 to 1642.00 region ..
March Mini Russell 2000
Recommended open position Long 717.2
Support is at 725.50 to 724.20 and 717.00 to 714.30
Resistance should appear near 732.80 to 734.20 and 741.40 to 742.80
March 10 Year T-Note
Resistance should appear near 108-07 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 112-21 and 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 11975 to 11920.
Resistance should appear near 12030 and 12102
March Swiss Franc
Recommended open position short 2 at 7799
Resistance should appear near 7763 to 7777
Support should appear near 7689 to 7675
March British Pound
Support should appear near the 17380 to 17310 and 17136 .
Resistance should appear near 17560 and 17740 to 17800
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 7342 to 7328
Resistance should appear near 7414 to 7428
Precious Metals
April Gold
Resistance should appear at 571.6 to 572.9 and 579.2 to 580.5
Support is at 565.3 to 564.0 and 557.7 to 555.3
March Copper
Support should appear near 22750 to 22670 and 21850 to 21700
Resistance should appear near 23540 to 23700. and 24110 to 24190
March Silver
Support should appear near 954.5 to 952.5 and 934.5 to 931.5
Resistance is at 970.5 to 973.5 and 982.0 to 983.5 0
The Exciting Energies
March Crude Oil
Resistance should appear near 6337 to 6350 and 6417 to 6430
Support should appear 6190 to 6165 and 6113 to 6101
March Unleaded Gas
Resistance should appear near 15690 to 15760 and 16090 to 16150
Support should appear near 14590 to 14530 and 14210 to 14150
March Heating Oil
Resistance should appear at 16890 to 16960 and 17310 to 17380 .
Support should appear near 16550 to 16420 and 16150 to 16090
The Lively Livestock
April Cattle
Support should appear near 8967 to 8937 and 8872 to 8857
Resistance is at 9047 to 9062 and 9137 to 9157
April Hogs
Recommended open positions Short at 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 6192 to 6162 and the 6117 to 6102 region
Resistance is at 6257 to 6272 and the 6337 to 6352 region
BW Traders can sell at 6247 for a turn lower
June Hogs
Support is at 6837 to 6812 and 6757 to 6742
Resistance is at 6992 to 7002 and 7072 to 7087
March Pork Bellies
Resistance should appear near 7762 to 7777 and 7837 to 7867
Support is at 7692 to 7672 and 7517 to 7487 .
The Grande’ Grains
March Soybeans
Resistance at 594 1/4 to 595 3/4 and 602 1/4 to 603 1/2
Support should appear near 580 1/2 to 579 1/4 and 572 3/4 to 571 3/4
March Soymeal
Resistance should appear near 185.8 to 186.5
Support should appear near 180.8 and 178.0 to 177.4
March Soybean Oil
Resistance should appear near 2267 to 2275 and 2315 to 2322
Support should appear near 2226 to 2219 and 2185 to 2170
March Corn
Recommended open position Short at 216 3/4
Resistance should appear near 226 3/4 to 227 1/2 and the 231 1/2 to 232 1/4 region
Support is at 222 3/4 to 221 3/4 and the 218 1/2 to 217 region
March Wheat
Resistance should appear near 366 1/4 to 368 1/4 and 373 1/2 to 374 1/4
Support should appear near 356 1/4 to 355 1/4 and 350 1/4 to 349 1/4
The Satisfying Softs
March ‘ The Monster ' Coffee
Recommended open position long 2 at 12025 avg
Support should appear near 11360 to 11300 and 11010 to 10960
Resistance should appear near 11640 to 11690 and 11920 to 12030
March Cocoa
Recommended open position Short at 1453
Support is at 1496 to 1484 and 1459 to 1553 and 1421 to 1415
Resistance should appear near 1529 to 1535 and 15469 to 1576
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 5580 to 5555 and 5505 to 5490
Resistance should appear near 5715 to 5730.. Beyond that sellers should appear near 5795 to 5805
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 9th 2006
2:55 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 2-9-2006
Long March SP500 1289.7
Long March Mini Russell 717.20
Short 2 March Swiss Francs 7799 avg
Short March Aussie Dollar 7412
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