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 29th, 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
Monday
January 28th,
2001
3:30
PM
Eastern Standard Time
Financial
Markets
On
the Frenzied Forex Front
March Yen
Recommended
open position , long at 7515
Support
should
appear near 7486 and the 7428 to 7414 region.
Resistance should appear near 7549 and the 7587 to 7601 region. A
close over is friendly and augurs for a test 7675 to 7687.
Aggressive BW Traders should go long / add if a close over 7601 occurs.
March
Euro Currency (EC)
Support
should
appear near the 8589 to 8560
Resistance
is at
8668 to 8683
Aggressive BW traders should go long if a close over 8683 occurs..Stay
tuned for Updates
March
Swiss Franc
Resistance
should appear near 5880 and 5912 .
Support should appear near
5855 then 5805 to 5795
BW Traders should go long if a close over 5880 occurs .
March
British Pound
Support should
appear near 1.3990 and the 1.3830 to 1.3770 region..
Resistance is
at 1.4086 then 1.4150 to 1.4210.
March
Canadian Dollar
Recommended Open Position , Long
2 at 6258 avg
Support
should appear at 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.
Resistance should appear near 5176 and 5200 to 5211, a close over
5211 is friendly and augurs for a test of
5250 to 5282 region…Aggressive BW Traders should go long if a close
over 5176 occurs
Stay tuned for Forex Updates
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear near 9921 to 9937 and 10,021 to 10,037
Support should appear near 9837 to 9821
March SP500
Recommended Open Position Short 2
at 1125.50
Resistance
is at 1143.00 and 1150.00.. Beyond that sellers should appear near the 1164.00
to 1169.00 region
Support should appear at 1136.00 to 1133.00 and 1130.00
Nasdaq
Composite
Resistance is
at 1946 to 1952 and 1982 to 1996 ..
Support is at 1909 to 1902 and 1883
Marc
Mini- Nasdaq 100
Resistance is at 1576 then 1592.5 and 1609 to 1615
a close over 1615 is friendly and augurs for a test of
1642 to 1655
Support
is at 1569 and 1552, a slip under augurs for a test of
the 1535 to 1529 region..
Trade Accordingly and Stay tuned….
March
10 Year T-Note
Resistance should
appear near 105-23 then 106-07 and 106-23..
Support is at 105-07 and 104-23..
Precious Metals
April Gold
Recommended Open Position Long at 279.7
Support should appear near 277.5 to 275.8..
Resistance is
at 282.0 to 282.8
BW Traders should go long if a close over 282.8 occurs
March Copper
Support
should appear near 6920 to 6910 and the 6835 to 6805
region.. .Below that support is at 6755 to 6740 and the 6670 to 6655 region.
BW Traders can buy at 6675 and
risk a close under 6655 for three days in a row.
Resistance should appear near 7075 to 7090 and 7140 to 7170 a
close over is friendly and augurs for a test of
7240 to 7255 then 7325 to
7340
BW Traders should go long if a close over 7170 occurs
March
Silver
Recommended open position long at 452
Support should
appear near 423.5 and 418.5 to 416...Below that support should appear near the
412 to 411 region.. which should contain a decline for a bit...
Resistance
is at 430 to 431.5 and 437 to 438.5
Aggressive
BW Traders should go long if a close over 432.0 occurs. ..Stay tuned
for Updates
The
Exciting Energies
March
Crude Oil
Recommended Open Position Long at 1996
Support should
appear near 1996 to 1982 under that buyers should appear near the 1953 to
1946 region..
Below that support should appear near 1909 to 1902 .
Resistance is at 2034 to 2042 and 2080 to 2088
March Unleaded Gas
Recommended Open Position ,long at 5880
Support should appear near 5880 to 5855 and 5805 to 5790 under that support
should appear near 5730 to 5720 ..
Resistance is
at the 5945 to
5955 and 6020 to 6035
March Heating Oil
Recommended Open Position Long at 5285
Resistance
is at 5345 to 5355 and 5415 to 5430
Support should appear near 5285 to 5255. Below that
support should appear near 5210 to 5200 and the 5140 to 5125 region
Trade Accordingly and stay tuned for updates.
The
Lively Livestock Markets
April
Live Cattle
Recommended Open
Position Short at 7487
Support
should
appear near 7487 and 7427 to 7412 region. .
Resistance is
at 7512 and 7552 then 7587 to 7602.
-Stay tuned for updates--
Recommended Open
Position Short at 6100
Support is at 6037 to 6022
Resistance is
at 6112 then 6162 to 6192 and the 6257 to 6272 region
.
June
Hogs
Support is at 6592 to 6577..
Resistance is
at 6672 and 6742 to 6757
February
Pork Bellies
Recommended Open
position Short at 7587
Support should appear near 7432 to 7417 and 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 7487 to 7512
and 7587 to 7602
-Stay
tuned for Livestock and Belly Updates and Flashes-
The
‘Grand’ Grain Markets
March
Soybeans
Recommended Open Position , Long 442 3/4 avg
Resistance is 431 1/2 and
437 to 438 1/2
Support should appear near 425 to 423 and the 418 1/4 to 416
1/2 region..
March Soybean Meal
Support should
appear near 149.6 to 148.4..Below that 145.9 to 145.3 should hold.. Traders can
buy at 145.9 for
a bounce and risk a close under 145.3
for three days in a row.
Resistance is
at 153.5 and 156.9 to 157.6
Don't be short...
March
Soybean Oil
Support
is near 1496 to 1484 and the 1459 to 1453 region...
Resistance should appear near
1529 to 1535.
March Corn
Recommended Open Position , Long at 214 3/4
Resistance
should
appear near 212 3/4 to 213 1/2,
Support is
at 204 1/4 to 203 1/2
BW Traders should go, long if a close over 213 1/2 occurs..
March Wheat
Recommended Open Position , Long at 298
Nearby
Support should appear near 288 1/4 to 287 1/2
and should contain the decline...
Day Traders can buy 2 at 288 1/2 and risk 7 cents
Resistance is at 292 3/4 to 293 1/2
The Satisfying Softs
March
Cotton
Support should
appear near the 3565 to 3555.region. Under that buyers should appear near 3445
to 3425.
Resistance is at the 3665 to 3685 and the 3730 to 3745
region..
March Coffee
Recommended Open Position Long at 4790
Support is
near the 4445 to
4425 and 4315
to 4305.
Resistance should appear near 4515 and 4570 to 4580
March Sugar
Recommended Open Position Long at 741
Resistance
should appear near 721 and 735 to 739
Support should appear near
712 to 704 and the 686 to 682 region.
Trade Accordingly
March
Cocoa
Resistance is
at 1361 and 1377 to 1383.
Support should
appear near 1334 then 1310 to 1304. BW traders can buy at 1311 and hold
for higher prices..
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 28th 2002
5:15 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications -Copyright@1996-2002 all rights reserved
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 1-28-2002
Long 10 March Yen 7487
Long 10 March EC 8813
Long 10 March Swiss Franc 6035
Long 10 March Aussie Dollar 5156 avg
Short 12 March SP500 1128.60 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 1-28-2002
Short 4 March SP500 at 1134.70 avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom
Investment Publications
Copyright@1996-2002 all rights Reserved