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FuturesCom Investment Publications
Morning Comments Friday Feb 24th 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
"Among the hazards of speculation the happening of the unexpected - I might even say the unexpectable- ranks high.
There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes
to be more than a mercantile mollusk" --Reminiscences of a Stock operator--
Thursday Feb 23rd 2006
7:30 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should now appear near the 11,300.00 to 11,360.00 region
Support should appear near 11,010.00 to 10,960.00
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
March Mini Nasdaq 100
Resistance remains near 1689.00 to 1696.00.. Beyond that a test of 1713.5 is likely..
Support should appear near 1655.00 to 1642.00 and 1628.50
Trade Accordingly
March Mini Russell 2000
Support should appear near 725.50 to 724.20 and the 717.00 to 714.30 region
Resistance should appear near the 741.40 to 742.80 and 748.60 to 751.30
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 113-07 and 113-21
Support is at 112-21 and 112-07
The Frenzied Forex Front
March Yen
Resistance should appear near 8668 to 8683 and 8762 to 8777
Support should appear near the 8589 to 8560 and the 8499 to 8484 region
March Euro Currency (EC)
Recommended open position short at 11920
Support should appear at 11862 then 11805 and the 11690 to 11640 region..
Resistance should appear near 11947 to 11975 and 12030 .
March Swiss Franc
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 17380 to 17320 and 17136 .
Resistance should appear near 17560 and 17740 to 17800
March Canadian Dollar
Resistance should appear near.8683 and the 8762 to 8777 region
Support is at 8668 and the 8589 to 8560 region
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 555.3 to 557..5 and 564.0 to 565.30
Support is at 543.0 to 541.6 and the 535.6 to 534.4 region
May Copper
Support should appear near 21850 to 21700 and 21340 to 21260
Resistance should appear near 22190 to 22260 and 22670 to 22750.
May Silver
Support should appear near 954..5 to 952.5 and 944.5 to 942.5
Resistance is at 970.5 to 973.5 and 982.0 to 983.5
The Exciting Energies
April Crude Oil
Resistance should appear near 6101 to 6113 and the 6165 to 6190 region.
Support should appear 6035 to 6023 and 5957 to 5945
March Unleaded Gas
Resistance should appear near 15290 to 15350 and 15690 to 15760
Support should appear near 14210 to 14150 and 13830 to 13770
March Heating Oil
Resistance should appear at 16890 to 16960 and 17740 to 17800 region
Support should appear near 16150 to 16090 and 15760 to 15690
The Lively Livestock
April Cattle
Support should appear near 8682 to 8667 and the 8592 to 8562 region
Resistance is at the 8762 to 8777 and the 8857 to 8872 region
April Hogs
Recommended open positions Short 2 April Hogs 6142 avg
Spread: Short 3 April Hogs avg 6410 / Long 3 August Hogs 6472 avg + 62 avg (August over April)
Support should appear near 6117 to 6102 the 6037 to 6022 region
Resistance should near 6257 to 6272 and 6347 to 6352 ..
June Hogs
Support is at 7002 to 6987 and 6922 to 6907
Resistance should appear near at 7072 to 7087 and 7142 to 7172.
March Pork Bellies
Recommended Open Position short at 8300
Resistance should appear near 8667 to 8682 and 8762 to 8777
Support is at 8592 to 8562 and the 8502 to 8482 region
The Grande’ Grains
May Soybeans
Resistance at 594 1/2 to 595 3/4 and 602 3/4 to 603 1/2
Support should appear near 580 1/2 to 579 1/4 and 572 4/5 to 571 3/4
May Soymeal
Resistance should appear near 177.4 to 178.0 and 180.8 to 182.2
Support should appear near 173.8 to 173.1 and the 169.6 to 168.9 region
BW Traders can buy at 169.8 and risk a close under 156.4 for three days in a row. .
May Soybean Oil
Resistance should appear near 2354 to 2370 and 2411 to 2419
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 1/4 to 231 1/2 and 227 1/2 to 226 3/4
May Wheat
Resistance should appear near 379 1/2 to 380 3/4 and 385 3/4 to 386 3/4 ..
Support should appear near 374 1/4 to 373 1/4 and the 368 1/4 to 366 1/4 region
The Satisfying Softs
May ‘ The Monster ' Coffee
Recommended open position Long 2 at 11300 avg
Support should appear near 11155 and 11010 to 10960
Resistance should appear near 11300 to 11360 and 11500
July Coffee
Recommended open Position Long at 11090
May Cocoa
Support is at 1421 to 1415 .
Resistance should appear near 1484 to 1496
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 and 5580 to 5555 ..
Resistance should appear near 5715 to 5730 and 5790 to 5805
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 23rd 2006
8:35 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 2-23-2006
Long March SP500 1289.7
Short March EC 11920
Short 2 April Hogs 6142 avg
Short March Pork Bellies 8300
Spread: Short 3 April Hogs avg 6410 / Long 3 August Hogs 6472 avg ( - +62 avg August over April)
Long 2 May Coffee 11300 avg
Long July Coffee 11090