Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Thursday, January 10th
2002
Experienced Since 1979 -
Serving Professional and Individual Traders World Wide since 1988
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Description of
Services
Premier Service
Morning
Comments
Wed January 9th, 2002
4:15 PM
Financial
Markets
On the Frenzied
Forex Front
March Yen
Support
should appear near 7552 and 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
7587 to 7601 and 7635.
.
March
EC
Support is at the
8871 to 8856 region Under that 8818 should bring buyers out of the
shadows...
Resistance is at 8901 and
the 8934
to 8949 region...
March Swiss Franc
Support should appear
near 5990 and 5960 to 5945.
Resistance should appear near 6035 and 6068..
March British
Pound
Recommended open position long 2
at 1.4428
avg
Support
should appear near 1.4276 and 1.4210 to
1.4150
Resistance is at 1.4336 and
1.4372.
March Canadian Dollar
Recommended open position long 6271
Support
should appear near 6257 and 6225 to
6190
Resistance is at 6270 and 6305
March Aussie
Dollar
Support is at the 5211 to 5200 and 5176.
Resistance should appear near the
5255 to 5270 region...
Stay tuned for Forex Updates
The Sensational Stock and Bond
Markets
Dow Jones Industrial Average
Resistance should appear
near 10,104 to 10,120 and 10,136 . Beyond that a test of 10,185 is likely..
Support should appear near 10,069, a slip under augurs
for a test of 10,037 to 10,021...
March
SP500
Recommended open position short 2
at 1155.70 avg
Resistance should appear near 1157 then 1164 to 1166 and 1169 .Beyond that sellers should appear near 1180.50
Support
should appear at 1150 a slip under
is negative and augurs for a test of 1143 and eventfully the 1136 to 1133
region ..
Nasdaq Composite
Resistance is at 2061 and 2080 to 2088
Support is at 2042 to 2034
and the 1996 to 1982 region.
March
Mini- Nasdaq 100
Resistance is at 1672 then 1689 to 1696 and 1713.5... Beyond that a
test of the 1731 to 1738 region is likely.
Support is at 1655 to 1642 and
1628.5
March 10
Year T-Note
Resistance should appear
near 105-23 and 106-07
Support is at 105-07 then 104-23
and 104-07 which should contain a decline ...
Precious Metals
February Gold
Recommended Open Position Long at 283.7
Support should appear
near 282.8 to 282 and 297.8... Under that buyers should appear near 277.5 to
275.8..
Resistance
is
at 287.4 to 288.3
March
Copper
Support should
appear near 7090 to 7070 and 7005 to 6990, under that a test of 6925 to 6910 is likely. .
Resistance should appear near 7140 to 7170 then 7240 to 7255, beyond that a test of 7325 to
7340 is likely. .
March Silver
Support should appear near 669.5 and the
465.0. to 463.5 region. Under that support should appear near
458.5 to 457.5
Resistance should
appear near 477.5 to 478.5.. Above that sellers should appear near 484.5 to
485.5.
Stay tuned for Updates..
The Exciting Energies
February
Crude Oil
Support
should appear near 2030.. A slip under augurs
for a test of 1996 to 1982 and the 1953 to 1946 region..
BW Traders can buy at 1955 for a bounce and risk a close under 1902 for three
days in a row.
Resistance is at 2061 then 2080 to 2088 and 2126 to 2134
February Unleaded Gas
Support
should appear near 5805 to 5790 and 5655 to
5645 under that support should appear near 5580 to 5555
and 5430 to 5415.. Below that buyers should appear near the 5355 to 5345
region. BW Traders can buy at 5360 and risk a close under 5255 for three days in a
row,
Resistance is at 5945 to 5955
and the 6020 to 6035 region... Beyond that sellers should appear near 6100 to
6115 .
February
Heating Oil
Resistance is at 5490 to 5505 and 5555 to 5580 .. Beyond that sellers should appear
near 5710 to 5730
Support should appear near 5355
to 5345 and the 5215 to 5200 region..
Trade Accordingly
The Lively Livestock Markets
February Live Cattle
Recommended open position, short 7070
Support
should appear near 7072 then 7037 and
the 7002 to 6992 region.
Resistance
is at 7087 then 7117and the 7142 to 7172 region.
February Lean Hogs
Support is
at 5432 to 5417 and the 5357 to 5342 region
Resistance is at 5492 to 5507
then 5552 to 5577
and 5612
April Hogs
Support
is at 5880 to 5855 and 5807 to 5792
Resistance is at 5942 to 5957
and 6022 to
6037.beyond a trade towards the 6102 to 6112 region is likely.
February Pork
Bellies
Recommended Open Position Long at 7602
Support should appear near the 7427 to 7412 and 7257 to 7242.
Resistance
is
at 7512 and 7587 to 7602.
The ‘Grand’
Grain
Markets
March Soybeans
Recommended open Position Long at 439 1/2
Resistance is at the 442 1/2 to 444 3/4 region Beyond that sellers should
appear near 450 1/4 to 451 1/2
Support should appear
near 438 1/4 to 437 and 431 1/2 to 430..day traders can buy
at 431 3/4 and risk 10 cents .
March Soybean Meal
Support should appear near 147.1 and 145.9 to 145.3.
Resistance
is at 149.6 and 152.9 to 153.5
.
March Soybean Oil
Recommended open position long at 1600
Support
is near 1615 to 1609 .
Resistance should appear near 1642 to
1655..
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 299 to 297 1/4. Under that buyers should appear near the 293 3/4 to
292 1/2 region.
Resistance is at the 303
3/4 to 304 1/2, a close over is friendly and augurs for another test of 309
1/4 to 310 1/2
Buy Dips
The Satisfying Softs
March Cotton
Support should appear near 3745 to 3730 and 3625 to 3610.
Resistance is at 3795 to 3805 and the
3855 to
3865 region..Beyond that sellers should appear
near 3910 to 3930
March Coffee
Recommended
open position, Long 4735
Support
is near 5065 to 5035 then 4925 to 4915 and
4855to 4845
Resistance
should appear near 5125 to 5140
and the 5200
to 5210 region
Stay tuned for updates
March
Sugar
Resistance should appear near
814 to 823 and 847 to 852
Support should appear near 795 to 791 and 779
March
Cocoa
Resistance is at 1399 and 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
Wed January 9th, 2002
5:45 PM
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.
-----------------------------------------------------------------------------------------
Premier
Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 1-9-2002
Short
10 March Yen 7584
Long 20 March EC 8988 avg
Long 20 March Swiss Franc 6045
avg
Long 5 Aussie Dollar 5182
Short 9 March SP500 1146.20 avg
Long 15 Feb Gold
279.5
Long 10 March Soybeans 431 3/4
Long 20
March Wheat 296 1/4
Long 10 May Wheat 301
Long 10 March Coffee 4875 avg
Index Program
http://www.futurescom.com/index01.htm
Recommended
Open Position as of 1-9-2002
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
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