FuturesCom Investment Publications Bi

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Monday, January 7th 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com
Description of Services Premier Service

Morning Comments
Saturday January 5th, 2002
9:30 AM

                                                         Financial Markets

On the Frenzied Forex Front

March Yen
Support should appear near 7635 and the 7601 to 7587 region.. .A slip under is negative and augurs for a test of support near the 7513 to 7487 region . BW Traders can buy at 7515 for a good turn higher and risk a close under 7412 for three days in a row...

Resistance should appear near the 7675 to 7689 region. .Beyond that sellers should appear near 7726..
Day Traders can sell at 7725 and hold for lower prices..Above that resistance should appear near the 7763 to 7777 region and cap a rally for a bit.. .

March EC
Support is at 8902, under that buyers should appear near the 8871 to 8856 region and contain
a decline.. Day Traders can buy at 8872 and risk 30 pts.. Under that 8816 should contain a decline
Resistance is at the 8934 to 8949 and 8964.. A close over is friendly and augurs for a test of the 9044 to 9060 region..

March Swiss Franc
Support should appear near the 6035 to 6023 region...Day Traders can buy at 6036 and risk 20 pts..
Resistance should appear near 6068 and the 6101 to 6113 region.. A close over 6113 augurs for a test of 6165 to 6190.. Day Traders can sell at 6165 and risk 30 pts..

March British Pound
Recommended open position long 2 at 1.4428 avg
Support should appear near 1.4372 and 1.4210 to 1.4150
Resistance is at 1.4452, an extended trade over is friendly and augurs for a test of the 1.4530 to 1.4590 region.

March Canadian Dollar
Recommended open position long 6271
Support should appear near 6225 to 6190
Resistance is at 6270 and 6305.

March Aussie Dollar
Support is at 5176 and the 5139 to 5127 region.
Resistance should appear near the 5200 to 5211region.. Above that sellers should appear near 5255 to 5285..

Stay tuned for Forex Updates

                                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,320 to 10,360.. Beyond that a test of 10,470 is likely..
Support should appear near 10,185 and the 10,136 and 10,104 region.

March SP500
Recommended open position short 2 at 1155.70 avg
Resistance should appear near 1180.50 and the 1192 to 1203 region.
Support should appear at 1174.70 then 1169 to 1166

Nasdaq Composite
Resistance is at 2061 and 2080 to 2088
Support is at 2042 to 2034 and 1996 to 1982

March Mini- Nasdaq 100
Resistance is at 1689 to 1696 and the 1731 to 1738 region.
Support is at 1655 to 1642 and 1628.5.

March 10 Year T-Note
Resistance should appear near 104-23 and 105-07..Beyond that sellers should appear near 105-23
Support is at 104-07 and 103-22 which should contain the decline for a bit...

                                                              Precious Metals
February Gold
Support should appear near 277.5 to 275.8.. Under that buyers should appear near 272.4 to 271.6..
Resistance is at 279.70 and 282 to 282.8 , a close over is friendly and augurs for a test of 287.4 to 288.3

Aggressive BW Traders should go long if a close over 282.8 occurs.

March Copper
Support should appear near 6670 to 6655 and the 6590 to 6575 region.
Resistance should appear near 6755 and the 6805 to 6835 region.

March Silver
Recommended open position long at 458.5
Support should appear near 463 and 458.5 to 457 ..Under that support should appear near 451.5 to 450 and the 444.5 to 442.5 region.
Resistance should appear near the 469.5 to 471.5 region..Beyond that a test of 477.5 to 478.5 is likely.

Stay tuned for Updates..

The Exciting Energies

February Crude Oil
Support should appear near 2134 to 2126 and 2088 to 2080.
Nearby Resistance is at 2170 to 2185 and the 2219 to 2226 region Beyond that sellers should appear near 2267 to 2275 and the 2315 to 2322 region.. BW traders ca sell at 2314 and risk a close over 2372 for three days in a row..

February Unleaded Gas
Recommended Open Position Short 6335
Support should appear near 6270 to 6255..Under that buyers should appear near 6225 to 6190 and the 6115 to 6100 region..
Resistance is at 6335 to 6350 and the 6415 to 6430 region..

February Heating Oil
Resistance is at 5855 to 5880 and 5945 to 5955 , beyond that a test of 6100 to 6115 is likely..

Support should appear near 5730 to 5715 and 5655 to 5645.. Under that 5580 to 5555 should hold.

Trade Accordingly

The Lively Livestock Markets

February Live Cattle
Recommended open position, short 7070
Support should appear near 7002 to 6992, below that an eventual test of the 6922 to 6907 region is likely..
Resistance is at 7072 to 7087 then 7117and the 7142 to 7172 region.

February Lean Hogs
Recommended open position long 2 at 5607 avg
Support is at 5502 to 5487 and the 5432 to 5417 region. .
Resistance is at 5552 to 5577 and 5612...

April Hogs
Recommended position long at 6005
Support is at 5957 to 5942 and 5880 to 5855.
Resistance is at 6022 to 6037.beyond a trade towards the 6102 to 6112 region is likely.

February Pork Bellies
Support should appear near the 7867 to 7837. under that light support should appear near 7777 to 7762
BW traders can buy at 7777 and hold for higher prices..Below that support should appear near 7692 to 7672 and the 7602 to 7587 region.. BW traders can buy at 7602 for a bounce , risk a close under 7487 for three days in a row.

Resistance is at 7937 to 7952 and the 8027 to 8042 region.
Day Traders can sell at 7932 and hold for lower prices..

                                                -Stay tuned for Livestock and Belly Updates and Flashes-

The ‘Grand’ Grain Markets

March Soybeans
Resistance is at 425 and 430 to 431 1/2.. an extended trade over 431 1/2 is friendly and augurs for a test of
437 to 438
Support should appear near 418 1/2 to 416 1/4 and the 412 to 411 region.

March Soybean Meal
Support should appear near 142.1 to 141.5 under that 138.3 to 137.7 should contain a decline..

Resistance is at 145.3 to 145.9
.
March Soybean Oil
Recommended open position long at 1600
Support is near 1576 to 1569 and the 1535 to 1529 region.
Resistance should appear near 1609 to 1615 and the 1640 to 1655 region.

Trade Accordingly..

March Corn
Resistance should appear near 212 3/4 to 213 1/2.. Beyond that a test of the 217 to 218 1/2 region is likely.
Support is at 208 3/4 to 208 and the 204 1/4 to 203 1/2 region

March Wheat
Recommended Open Position long at 300
Support should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4. Under that buyers should appear near the 293 3/4 to 292 1/2 region.
Resistance is at the 309 1/4 to 310 1/2, an extended trade over is friendly and augurs for a test of 314 3/4 to 315 3/4
Buy Dips

The Satisfying Softs

March Cotton
Support should appear near 3610 and the 3565 to 3555 region. Under that buyers should appear near 3445 to 3425. Resistance is at 3665 to 3680 then 3730 to 3745. A close over is friendly and augurs for a test of 3855 to 3865.
Beyond that sellers should appear near the 3982 to 3992 region.

March Coffee
Recommended open position, Long 4735
Support is near 4715 to 4695 and 4650 to 4635 then 4585 to 4570 region
Resistance should appear near 4915 to 4925 and the 4970 to 4995 region.

Stay tuned for updates

March Sugar
Recommended open position Long 771
Resistance should appear near 769 then 779 and 791 to 795
Support should appear near 751 under that 735 and 723 should hold
BW Traders can buy at 724 and risk a close under 704 for three days in a row..

March Cocoa
Resistance is at 1415 to 1421.. Beyond that the 1453 to 1459 region should cap a rally for a bit.. BW Traders can sell at 1452 and hold for lower price.. Risk a close over 1496 for three days in a row..
Support should appear near 1383 to 1377 and 1361 under that buyers should appear near 1345 to 1335.

A Ship in Harbor is Safe.. But that's not what ships are built for --

Happy Trading !
Bill bill@futurescom.com
1--561-433-2995
Saturday, January 5th, 2002
12:15 PM

THIS PUBLICATION 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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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 1-4-2002
Long 20 March EC 8988 avg
Long 10 March Swiss Franc 6067
Short 9 March SP500 1146.20 avg
Long 5 Feb Gold 279.8
Short 4 Feb Bellies 7990
Long 40 March Soybeans Beans 427 3/4avg
Long 10 March Wheat 288 3/4
Long 10 May Wheat 301
Long 5 March Coffee 4740

Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 1-4-2002
Short 3 March SP500 1150

Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html