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FuturesCom Investment Publications
Morning Comments Friday Feb 17th 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 16th 2006
8:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should now appear near the 11300.00 to 11360.00 region
Support should appear near 11,010.00 to 10960.00
March SP500
Recommended open Position Long at 1289.7
Support should appear near 1289.00 and the 1274.00 to 1268.00 region.
Resistance should appear near the 1304.00 to 1310.00 region
Stay tuned for Updates and Flashes
NASDAQ Composite
Support should appear near 2275.00 to 2267.00
Resistance should appear near 2315.00 to 2322.00.
Trade Accordingly
March Mini Nasdaq 100
Resistance remains near 1713.50 and the 1731.00 to 1738.00 region.
Support should appear near 1689.00 and 1672.00, below that buyers should
appear near the 1655.00 to 1642.00.region
March Mini Russell 2000
Support should appear near 725.50 to 724.20 and 720.3
Resistance should appear near 737.8 and the 741.40 to 742.80 region
March 10 Year T-Note
Resistance should appear near 108-07 and 108-21
Support should appear near 107-21 and 107-07
March 30 Year T-Bond
Resistance should appear near 112-21 and 113-07
Support is at 112-07 and 111-21
The Frenzied Forex Front
March Yen
Recommended open position Short at 8529
Resistance should appear near 8499 and the 8560 to 8589 region
Support should appear near the 8406 to 8391 region
Trade accordingly and Stay tuned for Updated and Flashes
March Euro Currency (EC)
Recommended open position short at 11920
Support should appear at 11805 and the 11690 to 11640 region..
Resistance should appear near 11920 to 11975 and 12030..
March Swiss Franc
Recommended open position short 2 at 7783 avg
Resistance should appear near 7675 to 7689 and 7763 to 7777 .
Support should appear near 7601 to 7587 and .7513 to 7487.
March British Pound
Support should appear near 17320 and 17136 .
Resistance should appear near 17380 then17560 and 17740 to 17800
March Canadian Dollar
Resistance should appear near 8667 to 8683.
Support is at 8589 to 8560
March Aussie Dollar
Support should appear near 7342 to 7328. ..
Resistance should appear near 7414 to 7428
Precious Metals
April Gold
Resistance should appear at 549.2 to 550.4 and 555.3 to 557.7
Support is at 535.6 to 534.4 and the 528.2 to 525.9 region
May Copper
Support should appear near 213.4 to 212.6 and 20890 to 20800
Resistance should appear near 221.9 to 222.6 and 22670 to 22750.
May Silver
Support should appear near the 934.5 to 931.5 and 915.50 to 914.0
Resistance is at 952.5 to 954.5 and 962.5 to 964.0 .
The Exciting Energies
April Crude Oil
Nearby Resistance should appear near 6101 to 6113 and 6165 to 6190
Support should appear 5957 to 5945 and 5880 to 5855
March Unleaded Gas
Resistance should appear near 14530 to 14590 and the 14840 to 14960 region
Support should appear near 13830 to 13770 and 13460 to 13340
March Heating Oil
Resistance should appear at 16420 to 16550 and 16890 to 16960.
Support should appear near 15760 to 15690 and 15350 to 15290
The Lively Livestock
April Cattle
Recommended open position Short 8937
Support should appear near 8857 and the 8777 to 8762 region..
Resistance is at 8932 to 8967 and 9042 to 9062
April Hogs
Recommended open positions Short 2 April Hogs 6142 avg
Spread: Short 5 April Hogs avg 6575 / Long 5 August Hogs 6550 avg - 25 avg (August under April)
Spread: Short 2 April Hogs 6102 / Long 2 June Hogs 6815 +712 (June over April )
Support should appear near 6112 to 6102 and the 637 to 6022 region
Resistance is at should appear near 6162 to 6192 and 6257 to 6272
June Hogs
Support is at 6922 to 6907 and 6837 to 6807 ..
Resistance should appear near at 6907 to 6922 and 6987 to 7002 .
March Pork Bellies
Resistance should appear near 8192 to 8222 and the 8302 to 8317 region. BW Traders can sell at 8297 and
risk a close over 8517 for three days in row. Beyond that sellers should appear near 8392 to 8407
Support is at 8137 to 8117 and 8047 to 8027
The Grande’ Grains
May Soybeans
Resistance at 610 1/4 to 611 1/4 and 616 1/2 to 619
Support should appear near 595 3/4 to 594 1/2 and 588 to 585 1/2 .
May Soymeal
Resistance should appear near 185.8 to 186.5 and 190.2 to 190.9
Support should appear near 182.2 to 180.8, a close under is negative and augurs for a test of 178.0 to 177.4. .
May Soybean Oil
Resistance should appear near 2315 to 2322 and 2354 to 2370
Support should appear near 2275 to 2267 and 2226 to 2219
May Corn
Resistance should appear near 235 1/2 to 237 and 241 1/4 to 241 3/4 .
Support is at 232 3/4 to 231 3/4 and 227 1/2 to 226 3/4
May Wheat
Resistance should appear near 373 1/2 to 374 1/2 then 379 1/2 to 380 1/2 and the 385 3/4 to 386 3/4 region
BW Traders can sell at 384 3/4 and risk a close over 393 3/4 for three days in a row.
Support should appear near 368 1/4 to 366 1/4 and the 356 1/4 to 355 region
The Satisfying Softs
May ‘ The Monster ' Coffee
Recommended open position Long 2 at 11300 avg
Support should appear near 10820 then 10680 to 10580 and 10470
Resistance should appear near 10960 to 11010 and the 11300 to 11360 region
July Coffee
Recommended open Position Long at 11090
May Cocoa
Support is at 1459 to 1453. .
Resistance should appear near 1529 to 1535
May Sugar
Resistance should appear near 1774 to 1780 and 1808 to 1822
Support should appear near 1738 to 1731.and 1696 to 1689
May Cotton
Support should appear near 5655 to 5640.. A close under is negative and augurs
for a test of 5580 to 5555 and eventually the 5355 to 5345 region...
Resistance should appear near 5715 to 5730 then 5790 to 5805 and the 5855 to 5880 region
BW Traders should go short if a close under 5635 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 February 16th, 2006
9:30 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.
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BW Recommended Open Positions 2-16-2006
Long March SP500 1289.7
Short March Yen 8529
Short March EC 11920
Short March Swiss Francs 7640
Short April Cattle 8937
Short 2 April Hogs 6142 avg
Spread: Short 5 April Hogs avg 6575 / Long 5 August Hogs 6550 avg ( - 25 avg August under April)
Spread Short 2 April Hogs 6102 / Long 2 June Hogs 6815 (+712 June over April )
Long 2 May Coffee 11300 avg
Long July coffee 11090