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 5th, 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 Feb 4th, 2002
3:55 PM Eastern Standard Time

                                                      Financial Markets 
On the Frenzied Forex Front

March Yen 

Support should appear near 7550 then 7513 to 7486 

Resistance
should appear near 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)
Recommended Open Position Long at 8686
Support should appear near  6883 to 8668 and 8629 then 8589 to 8560 and 8499 to 8484
Resistance is at 8762 to 8777 

March Swiss Franc 
Recommended Open Position long at 5891
Resistance should appear near 5912 and 5945 to 5957.
Support should appear near 5880 to 5855 and 5805 to 5795
.

March  British Pound
Support
should appear near 1.4150 then 1.4072 and 1.3990 .. 
R
esistance is at 1.4210 and 1.4272

March Canadian Dollar
Support should appear at  6256 and 6225.

Resistance
is at 6305 and 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  9737 and 9779 beyond that 9821 to 9837 offers resistance    
Support should appear near 9673 and the 9641 to 9625  region. 
 

March SP500
Resistance
is at the 1096 to 1098 and 1101 then 1108.30  , beyond that a test of 1115.5  is likely.. 
Support should appear at 1082.00 , below that buyers should appear near 1068.00 to 1063.00 and 1058.

Nasdaq Composite
Resistance
is at 1858 to 1865 and 1883.5
Support is at 1822 to 1808 and the 1780 to 1774 region.

March Mini- Nasdaq 100
Resistance is at 1496 and the 1529 to 1535 region
Support
is at 1486 then 1459 to 1453 and 1421 to 1415
Trade Accordingly and Stay tuned…. 

March 10 Year  T-Note
Resistance
should appear near 107-07 and 107-17 to 107-21
Support is at 106-23 and 106-12 to 106-07.  

Precious Metals

April Gold 
Recommended open position long at 282.9
Support
 should appear near  288.3 to 287.7 and 285.2
Resistance
is at 292.8  to 293.7

March Copper
Recommended open position long at 7335
Support
should appear near 7255 to 7240 and 7170 to 7140
Resistance should appear near 7325 to 7345 and 7415 to 7430   

March Silver
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 1996 to 1982 then 1953 to 1946 and the 1909 to 1902 region.. 
Resistance is at 2034 to 2042... 

March Unleaded Gas
Support should appear near  the 5880 to 5855 region. Below that buyers should appear near
 5805 to 5790.  
Resistance
is at the  5945 to 5955 and 6020 to 6035. 
 

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--

April  Hogs 
Recommended Open Position Short at 6100
Support is at the 6177 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 6672 to 6657 and 6592 to 6577.   
Resistance is at 6742 to 6757 and 6807 to 6837 and 6907 to 6922

March Pork Bellies
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  437 to 438 1/2 
Support should appear near 431 1/2 to 430 1/2 and 425 to 423 ..


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 
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 279 3/4  and the 277 1/2 to 275 1/2  region. 
Resistance is at 282 to 282 3/4 and 285 1/4


                       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. 


M
arch Coffee
Recommended Open Position Long at 4790
Support
is near the 4505 to 4515 then 4445 to 4425 and 4315 to 4305.
Resistance should appear near 4570 to 4580 and 4635 to 4650 

March Sugar
Resistance  should appear near 630 to 634 and 656 to 661
Support
should appear near 620 and 609 to 601 
Trade Accordingly

March Cocoa 
Resistance
is at  1415 to 1421.. Beyond that 1453 to 1459 should cap the rally for a bit.. Traders can sell at 1452 and hold for lower prices..  Risk a close over 1496 for three days in a row
Support
should appear near 1383 to 1377 and 1346 to 1334

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  
4:12 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

Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 2-04-2002
Long 10 March EC 8813
Long 10 March Swiss Franc 6035
Long 10 March Aussie Dollar 5156 avg
Short 2 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 2-04-2002
NONE

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

FuturesCom Investment Publications
Copyright@1996-2002 all rights Reserved