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 January 25th, 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
Thursday, January 24th, 2002
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 the 7428 to 7412 region , which should stop the decline for as bit

Resistance should appear near the 7455 and the 7486 to 7512

March EC
Support is at 8724.. Under that buyers should appear near the 8683 to 8668 region. BW Traders can buy at 8669 and hold for higher prices...
Resistance is at 8662 to 8771.

March Swiss Franc
Resistance should appear near 5990 and the 6023 to 6035 region.
Support should appear near the 5957 to 5945 region.

March British Pound
Recommended open position long 2 at 14292
Support should appear near 1.4150 and 1,4072
Resistance is at 1.4210 and 1.4288

March Canadian Dollar
Recommended open position long 2 at 6258 avg
Support should appear at 6225 and 6190 to 6165
Resistance is at 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 the 9821 to 9837 region. Beyond that sellers should appear near 9879 and the 9921 to 9937 region.
Support should appear near 9779 a slip under is negative and augur for a test of 9737 to 9706...below that support should appear near 9641 to 9625....

March SP500
Recommended Open Position Short 2 at 1125.50
Resistance is at 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 1130 then 1126.40 and 1122.80.. Below that support should appear near 1115.50 and the 1101 to 1096 region.

Stay Tuned for BW Updates.

Nasdaq Composite
Resistance is at 1946 to 1953.and 1967.5 and 1982 to 1996
Support is at 1927.5 then 1909 to 1902 and the 1865 to 1858 region

March Mini- Nasdaq 100
Resistance is at 1576 then 1593.5 and the 1609 to 1615 region.
Support is at the 1552 and 1535 to 1529.. Below that support should appear the 1496 to 1484 region

Trade Accordingly and Stay tuned….

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

Precious Metals

February Gold
Recommended open position long at 283.0
Support should appear near the 277.5 to 275.8 region. Under that buyers should appear near 272.4 to 271.6
Resistance is at 279.7 and the 282 to 282.8 region

March Copper
Support should appear near 7140 and 7090 to 7070
Resistance should appear near 7240 to 7255 and the 7325 to 7340 region

March Silver
Recommended Open Position Long 452
Support should appear near 425 to 423.5 and 418 to 417 .
Resistance is at 430.5 to 431 5

                                 The Exciting Energies
March Crude Oil
Nearby Support should appear near 1946 and 1928.. Below that support should appear near 1909 to 1902.
Resistance is at 1982 to 1996 and 2034 to 2042

March Unleaded Gas
Support should appear near 5730 to 5715 and 5655 to 5640.
Resistance is at 5805 and the 5855 to 5880 region.. Beyond that sellers should appear near 5945 to 5960

March Heating Oil
Resistance is at 5345 to 5355 and the 5415 to 5430 region. Beyond that a test of 5490 to 5505 is likely..
Support should appear near 5210 to 5200 and the 5140 to 5125 region. Under that support should appear near the   5065 to 5055 region.

Trade Accordingly

The Lively Livestock Markets

February Live Cattle
Support should appear near 7142 and 7112 .
Resistance is at 7242 to 7252

Stay tuned for updates…

February Lean Hogs
Support is at 5612 then 5577 to 5552 and 5507 to 5492.
Resistance is at 5642 to 5652 and the 5717 to 5732 region.

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

April Hogs
Support is at 6037 to 6022 , a close under is negative and augurs for a test of 5957 to 5942 and the 5882 to 5857 region ..
Resistance is at 6102 to 6112 and the 6167 to 6192 region..

February Pork Bellies
Support should appear at 7587 and 7512 to 7487, a slip under augurs for a test of 7432 to 7417.
Resistance is at 7677 to 7692 and the 7762 to 7777 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 438 1/4 and 4421/2 to 444 3/4
Support should appear near 431 1/2 to 430 and 425 to 423 1/2

Trade Accordingly and stay tuned….

March Soybean Meal
Support should appear near 149.6 to 148.4..Below that 145.9 to 145.3 should hold..
BW Traders can buy at 149.7 for a bounce and risk a close under 145.3 for three days in a row.

Resistance is at 152.9 to 153.5. .

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 297 1/2 and 293 3/4 to 292 3/4. Day Traders can buy at 293 3/4 and risk 8 cents ..
Resistance is at 299 and the 303 3/4 to 304 1/2 region.

                                   The Satisfying Softs

March Cotton
Support should appear near 3565 to 3555 and the 3505 to 3490 region. .
Resistance is at 3610 to 3625 and 3735 to 3745

March Coffee
Recommended Open Position Long 2 at 4915
Support should appear near 4635 and the 4585 to 4570 region.
Resistance should appear near 4695 to 4715 and the 4775 to 4785 region

March Sugar
Recommended open position , long at 741
Resistance should appear near 704 to 712
Support should appear near 686 to 682

March Cocoa
Resistance is at 1334 to 1346 and 1361 .
Support should appear near the 1310 to 1304 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

Thursday January 24th, 2002
4:15 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.

-----------------------------------------------------------------------------------------
Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 1-24-2002
Long 10 March Yen 7487
Long 20 March EC 8813
Long 10 March Swiss Franc 6035
Long 10 March Aussie Dollar 5156 avg
Short 7 March SP500 1125.70 avg
Long 10 Feb Gold 284.6 avg
Long 5 March Silver 453.5
Short 20 April Hogs 6052 avg
Short 9 Feb Bellies 7587 avg
Long 30 March Soybeans 443 1/4 avg
Long 5 March Soymeal 157.8
Long 20 March Corn 213 3/4
Long 30 March Wheat 301 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 1-24-2002
NONE

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