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

FuturesCom Investment Publications
Morning Comments January 15th, 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
Monday , January 14th, 2001
5:00 PM Eastern Standard Time

Financial Markets

On the Frenzied Forex Front

Japanese Yen
March Yen
Support should appear near 7587..A close 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 7635 and the 7675 to 7689 region

March EC
Support is at 8871 to 8856 and 8818.
Resistance is at 8934 to 8964, a close over 8964 is friendly and augurs for a test of 9044 to 9060

Aggressive BW traders should go long if a close over 8965 occurs..Stay tuned for Updates…

March Swiss Franc
Resistance should appear near 6068 and 6101 to 6113.

Support should appear near 6035 to 6023 and 5990.

Aggressive BW Traders should go long if a close over 6069 occurs..

March British Pound
Support should appear near 1.4412 and 1.4372 BW traders can buy at 1.4372 for a bounce , risk a close under 1.4336 for three days in a row.
Resistance is at 1.4452 and 1.4530 to 1.4590.

BW Traders should go long if a close over 1.4456 occurs..

March Canadian Dollar
Support should appear at 6257 and 6225 to 6190. BW Traders can buy at 6226 and risk a close under 6189 for three days in a row.

Resistance is at 6271 and 6305

BW Traders should go long if a close over 6272 occurs. ..

March Aussie Dollar
Support is at 5137 to 5129..BW Traders can buy at 5131 and risk a close under 5098 for three days in a row.
Below that buyers should near the 5067 to 5056..

Resistance should appear near 5176 and the 5200 to 5211 region..a close over 5211 is friendly and augurs for a test of 5250 to 5282 region…

BW Traders should go long if a close over 5211 occurs

Stay tuned for Forex Updates

                                      The Sensational Stock and Bond Markets




Dow Jones Industrial Average
Resistance should appear near 9921 to 9937 and 9979..

Support should appear near 9879 and the 9837 to 9821 region..

March SP500
Nearby Resistance is at 1143 then 1150 and the 1164 to 1169 region ..BW Traders ' Who Sleep on a bed of nails' can sell at 1156.90 for a turn lower, risk a close over 1169 for three days in a row.. Beyond that a test of 1180.50 and the 1192 to 1203 region is likely.

Nearby Support should appear at the 1136 to 1130 region. Failure there augurs for a test of 1115.5 and eventually the 1101 to 1096 region..

Stay Tuned for BW Updates.

Nasdaq Composite
Resistance is at the 1996 and 2034 to 2042 . A close over 2034 is friendly and indicates a trade towards the 2080 to 2088 region..

Support is at 1982 then 1953 to 1946 , failure there augur for a test of 1909 to 1902 and 1883..

March Mini- Nasdaq 100
Nearby Resistance is at 1609 to 1615 and the 1642 to 1655 region,

Support is at 1576 to 1569 and the 1535 to 1529 region..

Trade Accordingly and Stay tuned….

March 10 Year T-Note
Resistance should appear near 107-07 and 107-23.

Support is at 106-12 and 106-07 then 105-23

                                              Precious Metals

February Gold
Support should appear near the 282.9 to 282.0 region. BW traders can buy at 283.0 and hold for higher prices..
Initially plan on a risking a close under 279.7 for three days in a row.

Resistance is at 287.4 to 288.3 and the 292.8 to 293.7 region..

Aggressive BW Traders should go long if a close over 288.3 occurs.

March Copper
Support should appear near 7005 to 6990.. a close under 6990 is negative and augurs for a test of 6920 to 6910 and eventually the 6835 to 6805 region. .BW Traders can buy at 6835 and risk a close under 6655 for three days in a row

Resistance should appear near 7075 to 7090 and 7140 to 7170

March Silver
Recommended Open Position Long 452
Support should appear near 451.5 to 450.5 Below that buyers should appear near the 444.5 to 442 region.. which should contain the decline for a bit...
Resistance is at 457 to 458.5

The Exciting Energies

March Crude Oil
Recommended Open Position Long 1955
Support should appear near 1909 to 190.. .Under that buyers should appear near 1865 to 1858 .

Resistance is at 1946 to 1953 and 1982 to 1995

February Unleaded Gas
Support should appear near 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, Below that support is at 5210 to 5200..Which should contain a decline for a bit...

Resistance is at the 5555 to 5580 and 5645 to 5655

February Heating Oil
Recommended Open Position Long 5295
Resistance is at 5200 to 5210 and 5260 to 5290.

Support should appear near the 5140 to 5125 region Under that 5065 to 5055 should contain a decline for a bit...

Trade Accordingly and stay tuned for updates.

The Lively Livestock Markets

February Live Cattle
Recommended Open Position Short 7032
Support should appear near the 7037 and 7002 to 6992 .
Resistance is at the 7072 to 7087 region. Beyond that resistance should appear near 7142 to 7172 .

Stay tuned for updates…

February Lean Hogs
Support is at the 5507 to 5490 region and 45432 to 5417 .BW Traders can buy at 5507and risk a close under 5417 for three days in a .

Resistance is at 5552 to 5577 and 5612 then 5647 to 5657 .

BW Traders should go long if a close over 5657 occurs.

Stay tuned for Updates and new trades in the Hogs..

April Hogs
Nearby Support is at 6037 to 6022, a close under is negative and augurs for a test of the 5957 to 5942 and the 5882 to 5857 region ..BW Traders can buy at 5887 and risk a close under 5792 for three days in a row.

Resistance is at 6102 to 6112 region Above that sellers should appear near 6162 to 6192

Aggressive BW Traders should go long if a close over 6112 occurs.

February Pork Bellies
Support should appear near the 7342 to 7327 region…Under that buyers should appear near 7257 to 7242 and the 7172 to 7142 region BW Traders can buy at 7172 and hold for higher prices..
Resistance is at 7412 to 7427 and 7487 to 7512 then 7587 to 7602 aggressive BW traders can sell at 7587
and hold for lower prices.. .

-Stay tuned for Livestock and Belly Updates and Flashes-

The ‘Grand’ Grain Markets

March Soybeans
Recommended Open Position Long 446 3/4
Resistance is at to 450 1/4 to 451 1/2
Support should appear near 444 3/4 to 442 1/2 and 438 3/4 to 437 .BW.Traders can buy at 439 and risk a close under 430 ¼ for three days in a row..

Trade Accordingly and stay tuned….

March Soybean Meal
Support should appear near 157.6 to 156.9
Resistance is at 160.9.to 161.5. .

March Soybean Oil
Support is near 1569 and 1535 to1529.
Resistance should appear near 1609 to 1615

BW Traders should go long if a close over 1615 occurs.

Trade Accordingly..

March Corn
Resistance should appear near 212 3/4 to 213 1/2 .
Support is at 210 ½ then 208 3/4 to 208 and the 204 1/4 to 203 1/2 region..

BW Traders should go, long if a close over 213 ½ occurs..,

March Wheat
Nearby Support should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4 BW Traders can buy at 299 ¼ and hold for higher prices..

Resistance is at the 309 1/2 to 310 1/4.
.
Aggressive BW Traders should go long if a close over 310 3/4 occurs..

                                   The Satisfying Softs

March Cotton .
Support should appear near 3665 and the 3565 to 3555.region.

Resistance is at the 3730 to 3745 region..A close over is friendly and augurs for a test of 3855 to 3865

March Coffee
Recommended Open Position Long 5040
Nearby Support should appear near 4995 to 4970 and the 4930 to 4915 region. under that buyers should appear
near 4855 to 4845.. Below that support is at 4785 to 4775 ...BW Traders can buy at 4790 and risk a close under 4755 for three days in row..

Resistance should appear near 5125 to 5140 and the 5200 to 4210 region.. .

March Sugar
Resistance should appear near 763 to 767 and 791 to 795

Support should appear near 739 to 735....BW Traders can buy at 741 and risk a close under
704 for three days in a row..

BW Traders should go long if a close over 795 occurs.

March Cocoa
Recommended Open Position Long 1300
Resistance is at 1304 to 1310 and 1322 and 1334 to 1346.
Support should appear near 1289 and the 1274 to 1268 region.. BW Traders can buy at 1276 and risk a close under 1232 for three days in a row

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

Happy Trading !
Bill
bill@futurescom.com

1--561-433-2995

Monday January 14th 2002
6:00 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 1-14-2002
Long 10 March EC 8916
Long 10 March Swiss Franc 6035
Short 5 March SP500 1144.30
Short 8 February Pork Bellies 7500 avg

Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 1-14-2002
Short 4 March SP500 1143.90 avg

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