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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 23rd, 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
Tuesday, January 22nd, 2001
3:00 PM Eastern Standard Time

Financial Markets

On the Frenzied Forex Front

March Yen
Recommended open position long at 7515
Support should appear near 7456 then 7428 to 7412
Resistance should appear near the 7512 and 7549

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 8856 to 8871.

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 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 1.4286 and 1.4336

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 under that a test of the 9640 to 9625 region is likely..

March SP500
Resistance is at 1130 to 1133 and 1136 then 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 1115.5 , an extended trade under aufgurs for a test of 1101 to 1096

Stay Tuned for BW Updates.

Nasdaq Composite
Resistance is at 1902 to 1909 and 1946 to 1953.
Support is at 1865 to 1858

March Mini- Nasdaq 100
Resistance is at 1529 to 1535 and 1569 to 1576 .
Support is at the 1496 to 1484 and 1460 to 1453

Trade Accordingly and Stay tuned….

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

Precious Metals

February Gold
Recommended open position long at 283.0
Support should appear near 279.7 and the 277.5 to 275.8 region.
Resistance is at 282 to 282.8

March Copper
Support should appear near 7005 to 6990 and 6920 to 6910
Resistance should appear near 7070 to 7090

March Silver
Recommended Open Position Long 452
Support should appear near the 418 to 417 .
Resistance is at 430.5 to 431 5

The Exciting Energies

March Crude Oil
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 5430 to 5415 and 5355 to 5345.
Resistance is at 5505 then 5555 to 5580 and 5640 to 5655

February Heating Oil
Resistance is at 5200 to 5210 then 5255 to 5280 and 5345 to 5355.
Support should appear near 5065 to 5055 and the 4930 to 4915 region

Trade Accordingly

The Lively Livestock Markets

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

Stay tuned for updates…

February Lean Hogs
Recommended open position long at 5507
Support is at 5492 and 5432 to 5417.
Resistance is at 5552 to 5577.

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

April Hogs
Support is at 5957 to 5942 and the 5882 to 5857 region .. below that 5807 to 5792 should contain a decline.. BW Traders can buy at 5887 and risk a close under 5792 for three days in a row.
Resistance is at 6022 to 6037 and 6102 to 6112

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 2 at 442 3/4 avg
Resistance is at 4421/2 to 444 3/4
Support should appear near 438 3/4 to 437 and 431 1/2 to 430.

Trade Accordingly and stay tuned….

March Soybean Meal
Support should appear near 153.5 to 152.9
Resistance is at 156.9 to 157.6. .

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 208 3/4 to 208 .

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

                                   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 should appear near 4650 to 4635 and the 4585 to 4570 region.
Resistance should appear near 4715 to 4695 and the 4775 to 4785 region

March Sugar
Recommended open position , long at 741
Resistance should appear near 751and 763 to 767
Support should appear near 738 to 735 and 723.

March Cocoa
Resistance is at 1346 then 1361 and the 1377 to 1383 region. .
Support should appear near the 1310 to 1304 region..Under that buyer should appear near 1289 .

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 1-22-2002
Long 10 March Yen 7487
Long 30 March EC 8815 avg
Long 10 March Swiss Franc 6035
Long 10 March Aussie Dollar 5156 avg
Short 5 March SP500 1122.50
Long 10 Feb Gold 284.6 avg
Long 5 March Silver 453.5
Short 10 April Hogs 6105
Short 4 Feb Bellies 7825
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 1-22-2002
NONE

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