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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 22nd, 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 21st, 2001
1:00 PM Eastern Standard Time

Financial Markets

On the Frenzied Forex Front

March Yen
Support should appear 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 7587 to 7601 and 7638...

March EC
Support is at 8777 to 8762. Under that buye4rs should appear near the 8683 to 8668 region.
BW Traders can buy at 8669 and hold for higher prices...
Resistance is at 8818, an extended trade over is friendly and augurs for a test of the 8856 to 8871.region.

March Swiss Franc
Resistance should appear near 6023 to 6035, a close over is friendly and augurs for a test of 6068.
Support should appear near 5990 and the 5957 to 5945 region.

March British Pound
Recommended trade elected long at 14372
Support should appear near 1.4276 and the 1.4210 to 1.4150 region. BW Traders can buy at 1.4212 for a bounce and hold for higher prices..
Resistance is at 1.4336 and 1.4372.
BW Traders should go long if a close over 1.4456 occurs..

March Canadian Dollar
Recommended open position long 2 at 6258 avg
Support should appear at 6190 to 6165
Resistance is at 6225 then 6256 to 6271

March Aussie Dollar
Recommended open position long at 5131
Support is at 5137 to 5129 and 5098, below that buyers should near the 5067 to 5056..
Resistance should appear near 5176 and the 5200 to 5211 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 9779 and the 9821 to 9837 region.
Support should appear near 9737 to 9706

March SP500
Resistance is at 1133 to 1136 and 1143.. Beyond that sellers should appear near 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..
Support should appear at 1130, an extended trade under is negative and augurs for a test of 1121.70 and 1115.5.

Stay Tuned for BW Updates.

Nasdaq Composite
Resistance is at 1946 to 1953 and 1967.5.
Support is at 1909 to 1902

March Mini- Nasdaq 100
Resistance is at 1569 to 1576 .
Support is at the 1535 to 1529 region.

Trade Accordingly and Stay tuned….

March 10 Year T-Note
Resistance should appear near 106-23 and 107-07.
Support is at 105-23 and 105-12 to 105-07

                                              Precious Metals

February Gold
Recommended open position long at 283.0
Support should appear near the 282.9 to 282.0 region. under that buyers should appear near 279.7 ad the b277.5 to 275.8 region.
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 6920 to 6910 and 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 7005 and 7070 to 7090

March Silver
Recommended Open Position Long 452
Support should appear near the 431.5 to 430 .
Resistance is at 437 to 438 5

The Exciting Energies

March Crude Oil
Recommended Open Position Long 1955
Nearby Support should appear near 1865 to 1858. Below that support should appear near 1822 to 1808.
Resistance is at 1902 to 1909

February Unleaded Gas
Support should appear near 5355 to 5345 and the 5210 to 5200 region.
Resistance is at 5415 to 5430 and 5490 to 5505

February Heating Oil
Resistance is at 5255 to 5280 and 5345 to 5355.
Support should appear near 5140 to 5125 and the 4930 to 4915 region

Trade Accordingly

The Lively Livestock Markets

February Live Cattle
Support should appear near the 7142 and the 7087 to 7072 region .
Resistance is at 7172 and 7242 to 7252

Stay tuned for updates…

February Lean Hogs
Support is at 5612 then 5577 to 5552 and 5507 to 5492 ..
BW Traders can buy at 5507and risk a close under 5417 for three days in a .

Resistance is at 5647 to 5657, a close over is friendly and augurs for a test of the 5717 to 5732 region and eventually 5792 to 5807.. where sellers should cap a rally for a bit. BW Traders should go long if a close over 5657 occurs.

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

April Hogs
Recommended open position long at 6132
Support is at 6112 to 6102 and the 6037 to 6022 region.
Resistance is at 6162 to 6192 and the 6257 to 6272 region.

February Pork Bellies
Nearby Support should appear at 7602 to 7587 and 7512 to 7487
Resistance is at 7677 to 7692 and the 7762 to 7777 region..Beyond sellers should appears near 7832 to 7867
and the 7937 to 7952 region.

-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 451 1/2 and the 457 1/4 to 458 1/2 region.
Support should appear near the 444 3/4 to 442 1/2 region. Under buyers should appear near 438 3/4 to 437 .BW.Traders can buy at 439 and risk a close under 430 1/4 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 1.6150. .

March Soybean Oil
Support is near 1535 to1529.
Resistance should appear near 1569 to 1576

Trade Accordingly..

March Corn
Recommended position long at 214 3/4
Resistance should appear near 212 3/4 to 213 1/2.
Support is at 210 1/2 and 208 3/4 to 208 .

March Wheat
Recommended open position long at 298
Support should appear near 297 1/4. Below that 293 34/ to 292 3/4 should hold.. Day Traders can buy at 293 3/4 and risk 8 cents ..
Resistance is at 303 3/4 to 304 1/2 and 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 3730 and 3685 to 3665 .

Resistance is at 3795 to 3805 and 3855 to 3865.

March Coffee
Recommended Open Position Long 2 at 4915
Nearby Support should appear near
Resistance should appear near 4715 to 4695 and the 4650 to 4635 region..

March Sugar
Recommended open position , long at 741
Resistance should appear near 735 to 739
Support should appear near 712 to 704.

March Cocoa
Resistance is at 46 and the 1289 and 1304 to 1310 .
Support should appear near the 1274 to 1268 region..Under that buyer should appear near the
1238 to 1232 region. .

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 21st, 2002
2:15 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 1-18-2002
Long 30 March EC 8815 avg
Long 10 March Swiss Franc 6035
Long 5 March Aussie Dollar 5140
Long 10 Feb Gold 284.6 avg
Long 5 March Silver 453.5
Long 20 March Soybeans 445 3/4
Long 5 March Soymeal 157.8
Long 20 March Corn 213 3/4
Long 20 March Wheat 302 1/4 avg
Long 20 May Wheat 301 1/2 avg
Long 5 March Coffee 4920

Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 1-18-2002
Short 2 March SP500 at 1132.70

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