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FuturesCom Investment Publications
Morning Comments Tuesday March 7th 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
“Observation, Experience, Memory and Mathematics--These are what a successful trader must depend on.
A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory.” -Reminiscences of a Stock Operator-
Monday March 6th 2006
9:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 11,010.00 and 11,155.00
Support should appear near 10,890.00 and 10,820.00. .
March SP500
Recommended open Position Long at 1289.7
Support should appear near 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
Recommended Open position Long 1672.50
Resistance should appear near the 1689.00 to 1696.00 region
Support should appear near 1672.5 and the 1655.00 to 1642.00 region.
March Mini Russell 2000
Support is at 725.50 to 724.80
Resistance should appear near 732.80 to 734.20
Trade Accordingly
June 10 Year T-Note
Resistance should appear near 107-07 and 107-21
Support is at 106-21 and 106-07
June 30 Year T-Bond
Resistance should appear near 110-21 and 111-07
Support is at 110-07 and 109-21
The Frenzied Forex Front
June Yen
Resistance should appear near 8667 to 8683
Support should appear near.8589 to 8560 .
June Euro Currency (EC)
Recommended open position Short 2 at 12047 avg
Support should appear at 2030 to 11920 ..
Resistance should appear near 12102 and 12175. BW Traders can sell at 12175 and hold for lower prices..
June Swiss Franc
Recommended open position Short 2 at 7757
Resistance should appear near 7777 and 7807 .
Support should appear near the 7689 to 7675 and 7638
June British Pound
Support should appear near 17380 to 17320
Resistance should appear near 17560 and 17740 to 17800
June Canadian Dollar
Resistance should appear near 8856 to 8871
Support is at 8777 to 8762 ..
June Aussie Dollar
Support should appear near 7342 to 7328
Resistance should appear near 7414 to 7428
Precious Metals
April Gold
Resistance should appear at 564.0 to 565.3 and 571.6 to 572.9 . .
Support is at 550.4 to 549.2 and 543.0 to 541.8
May Copper
Support should appear near 21850 to 21700 and 20890 to 20800.
Resistance should appear near 22670 to 22750 and 23150 to 23220.. Beyond that 23540 to 23700 should cap a rally ..
BW Traders can sell at 23500 and risk a close over 2430 for three days in a row..
May Silver
Support should appear near the 993.5 to 992.0 and 973.5 to 970..5
Resistance is at 1010.5 to 1013.0 and 1032.0 to 1036.0
The Exciting Energies
April Crude Oil
Resistance should appear near at 6257 to 6270 and 6337 to 6350.
Support should appear 6190 to 6165 and 6113 to 6101
April Unleaded Gas
Resistance should appear near 16890 to 16960 and 17310 to 17380
Support should appear near 16150 to 16090 and 15760 to 15690
April Heating Oil
Resistance should appear at 18580 to 18650 and 19020 to 19090
Support should appear near 16960 to 16890 and 16550 to 16420
Trade Accordingly .. .
The Lively Livestock
April Cattle
Support should appear near 8562 and the 8502 to 8482 region ..
Resistance is at 8667 to 8682 and 8762 to 8777 .
April Hogs
Recommended open positions Short 2 April Hogs 6142 avg
Spread: Short 3 April Hogs 6272 avg / Long 3 August Hogs 6572 avg
Support should appear near 6037 to 6022 and 5957 to 5942
Resistance is at 6102 to 6112 and 6162 to 6192
June Hogs
Support is at 6922 to 6907 and 6837 to 6807
Resistance should appear near 6992 to 7002 and 7072 to 7087
Stay Tuned for Flashes and Updates..
May Pork Bellies
Resistance should appear near 8932 to 8967 and 9042 to 9062
Support is at 8872 to 8857 then 8777 to 8762 and 8682 to 8667
March Pork Bellies
Recommended Open Position Short at 8300
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 88 to 585 1/2 .
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 2511 to 2519 and 2558 to 2568
Support should appear near 2469 to 2461 and 2419 to 2411
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 385 3/4 to 386 3/4 and 390 3/4 to 392 3/4
Support should appear near 374 1/4 to 373 1/2 and 368 1/4 to 366 1/4
The Satisfying Softs
May ‘ The Monster ' Coffee
Support should appear near 11010 to 10960 and 10680 to 10580
Resistance should appear near 11300 to 11360 and 11640 to 11690
May Cocoa
Support is at 1421 to 1415. and 1383 to 1377.
Resistance should appear near 1459 and 1484 to 1496 .
May Sugar
Resistance should appear near 1808 to 1822 and 1858 to 1865
Support should appear near 1738 to 1731 and 1696 to 1689
May Cotton
Support should appear near 5355 to 5345 and 5285 to 5255
Resistance should appear near 5415 to 5430 and 5490 to 5505
- 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 March 6th 2006
10:15 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 3-6-2006
Long March SP500 1289.7
Long March Mini Nasdaq 1672.5
Short 2 June EC 12047 avg
Short 2 June Swiss Francs 7757
Short 2 April Hogs 6142 avg
Short March Pork Bellies 8300
Spread: Short 3 April Hogs 6272 avg / Long 3 August Hogs 6572 avg