Economic
and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones -
Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments Feb 4th, 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
Sunday
Feb
3, 2002
11:00
PM
Eastern Standard Time
Financial
Markets
On
the Frenzied Forex Front
March Yen
Recommended
open position , long at 7515
Support
should
appear near 7513 to 7486 and 7458 under that 7428 to 7414 should continue to
contain declines ...
Resistance should appear near the 7550 , beyond that a test of 7587
to 7601 is likely , a close over 7601 is friendly and augurs for a test of 7675
to 7690..
BW Traders should go long if a close over 7601 occurs..
March
Euro Currency (EC)
Support
should
appear near 8589 to 8560 and 8499 to 8484
Resistance
is at
8628, beyond that sellers should appear near 8668 to 8683
March
Swiss Franc
Resistance
should appear near 5835 and 5855 to 5880.
Support should appear near
5805 to 5795
BW Traders should go long if a close over 5880 occurs.. which now
appears more likely than not to occur this week....
March
British Pound
Support should
appear near 1.4072 and 1.3990 ..
Resistance is
at 1.4150 to 1.4210.
March
Canadian Dollar
Support
should appear at 6271 to 6256 and 6225.
Resistance is
at 6335 to 6350
March Aussie Dollar
Support is at
5067
to 5035
and 4995 to
4975
Resistance should appear near 5098, beyond that a test of
5127 to 5135 is likely
Stay tuned for Forex Updates
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear near 9921to 9937 and 10,021 to 10,037
Support should appear near 9879, below that a test of 9837 to 9821is
likely to occur..
March SP500
Recommended Open Position Short
4 at 1116.50 avg
Resistance
is at the 1126.70 then 1130 to 1133 and 1136 ,
beyond that a test of 1143 is likely..
Support should appear at 1115.5 and 1108.70.. Below that a test of 1101
to 1096 is likely to occur..
Nasdaq
Composite
Resistance is
at 1946 to 1953
Support is at 1909 to 1902 and 1883
March
Mini- Nasdaq 100
Resistance is at 1552 and the 1569 to 1576 region
Support
is at 1529 , below that support is at 1496 to 1484
Trade Accordingly and Stay tuned….
March
10 Year T-Note
Resistance should
appear near 106-12 and 106-23 then 107-07
Support is at 106-04 then 105-23 and 105-12 under that 104-23 should contain a
decline.
Precious Metals
April Gold
Recommended open position long at 282.9
Support should appear near 282.8 to 282.0 and 279.7 then 277.5 to 275.8..
Resistance is
at 287.4 to 288.3
March Copper
Recommended open position long at 7335
Support
should appear near7345 to 7325 and 7255 to 7240..
Resistance should appear near 7415 to 7430 and 6485 to 7515.
March
Silver
Recommended open position long at 452
Support should
appear near 425.5 to 423 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 437 to 438.5 and the 442 1/2 to 444.5 region.
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 1982 then 1953 to 1946 and the 1909 to 1902 region..
Resistance is at 2034 to 2042...
March Unleaded Gas
Recommended Open Position ,long at 5880
Support should appear near 5945 and the 5880 to 5855 region. Below
that buyers should appear near
5805 to 5790.
Resistance is
at the 6020 to
6035 and the 6100 to 6115 region.
March Heating Oil
Resistance
is at 5490 to 5505 and the 5550 to 5575 region
Support should appear near the 5355 to 5345 then 5280 to 5255 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 7517 to 7487
Resistance is
at 7587 to 7602 and 7672
-Stay tuned for updates--
Recommended Open
Position Short at 6100
Support is at the 6190 to 6165 ..a close under is negative and augurs for a test of
6115 to 6102 ...
Resistance is
at 6257 to 6272
.
June
Hogs
Support is at 6752 to 6252 and 6672 to 6657 .
Resistance is
at 6807 to 6837 and 6907 to 6922
March
Pork Bellies
Recommended Open
Position Short at 7650
Support should appear near 7602 to 7587 then 7512 to 7487 and the 7432 to 7417
region..
Resistance is at the 7677 to 7682 region Beyond that
sellers should appear near 7762 to 7777
-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..
BW 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 152.9 to 153.5 and 156.9 to 157.6
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 208 to 208 3/4
Support is
at 204 1/4 to 203 1/2
March Wheat
Recommended Open Position , Long at 298
Nearby
Support should appear near 282 3/4 to 282 and the 277 1/2 to 275 1/2 region.
Resistance is at 287 3/4 to 288 1/4 and 292 3/4 to 293 3/4
The Satisfying Softs
March
Cotton
Support should
appear near the 3695 to 3665 and 3625 to 3610.
Resistance is at the 3795 to 3805 and 3855 to 3865.
March Coffee
Recommended Open Position Long at 4790
Support is
near the 4445 to
4425 and 4315
to 4305.
Resistance should appear near 4570 to 4580 and 4635 to 4650
March Sugar
Resistance
should appear near 656 to 661
Support should appear near 634 to
630 and 609 to 601
Trade Accordingly
March
Cocoa
Resistance is
at 1361 and 1377 to 1383 and 1415 to 1421
Support should
appear near 1346 to 1334.. Below that support should appear near 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 Feb 4th, 2002
12:50 AM
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 2-01-2002
Long 10 March EC 8813
Long 10 March Swiss Franc 6035
Long 10 March Aussie Dollar 5156 avg
Short 5 March SP500 1106.50
Long 10 April Gold 282.9
Long 10 March Silver 443.2 avg
Short 25 April Hogs 6067 avg
Short 5 Feb Bellies 7400
Short 4 March Bellies 7652
Long 30 March Soybeans 443 1/4 avg
Long 10 March Soymeal 153.6 avg
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 2-01-2002
Short 4 March SP500 at 1117.50 Avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom
Investment Publications
Copyright@1996-2002 all rights Reserved