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 6th, 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
Tuesday
Feb 5th, 2002
3:00
PM
Eastern Standard Time
Financial
Markets
On
the Frenzied Forex Front
March Yen
Support
should
appear near 7486 and 7457 then 7428 to 7414
Resistance should appear near 7513 then 7550 and then 7587
to 7601 region
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 8629 then 8589 to 8560 and 8499 to 8484
Resistance
is at 8683
and the 8762
to 8777 region..
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 1.4072 and 1.3990 ..
Resistance is
at 1.4150 to 1.4210 and 1.4272
March
Canadian Dollar
Support
should appear at 6256 and 6225.
Resistance is
at6270 then 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 9706 to 9737 and 9779 beyond that 9821 to
9837 offers resistance
Support should appear near the 9673.5 and the 9641 to 9625 region. Under that
a test of the 9542 to 9526 region is likely.
March SP500
Resistance
is at 1089 and the 1096 to 1098 region..
beyond that a test of 1101 is likely..
above that sellers should appear near 1108.7 and 1115.50.
Support should appear at 1082.00,under that a test of the 1068.00 to 1063.00
region is likely.
Below that 1058.00 offers support..
.
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 1484 to 1496 and the 1529 to 1535 region
Support
is at 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
Resistance should appear near 303.5 to 304.5 and 309 to 310.5
Support is
at 297.2 and 293.7to 292.8
March Copper
Support
should appear near 7255 to 7240 and 7170 to 7140
Resistance should appear near 7345 and 7415 to 7430
March
Silver
Recommended Open Position long at 439.5
Support should
appear near 438.5 to 437 and 431.5 to 430.5 ..
Resistance
is at the 442 1/2 to 444.5 region.. Beyond that a test of 450.5 to 451.5 is
likely.
The
Exciting Energies
March
Crude Oil
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 5805 to 5790 region. Below
that buyers should appear near
5725 to 5715.
Resistance is
at the 5855
to 5880 and 5945 to
5955.
March Heating Oil
Resistance
is at 5415 to 5430 then 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--
Support is at 6242 and 6192 to 6167
Resistance is
at 6337 to 6352
.
June
Hogs
Support is at 6757 to 6742.
Resistance is
at 6837 and 6907 to 6922
March
Pork Bellies
Support should appear near 7682 to 7677 and 7602 to 7587
..
Resistance is at the
7762 to 7777 region Beyond that
sellers should appear near 7837 to 7867
-Stay
tuned for Livestock and Belly Updates and Flashes-
The
‘Grand’ Grain Markets
March
Soybeans
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 1576 to 1569 and the 1535 to 1529 region...
Resistance should appear near
1609 to 1615.
March Corn
Resistance
should
appear near 208 to 208 3/4
Support is
at 204 1/4 to 203 1/2
March Wheat
Nearby
Support should appear near 282 3/4 to 282 and 279 3/4 under
that 277 1/2 to 275 1/2 should hold.
Resistance is at 285 1/4 and the 287 1/2 to 288 1/4 region
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
Support is
should appear near 4445 to
4425 and 4315
to 4305.
Resistance should appear near 4505 to 4515 then 4570 to 4580 and 4635 to 4650
March Sugar
Resistance
should appear near 656 to 661
Support should appear near 630
then 620
and 609 to 601
Trade Accordingly
March
Cocoa
Resistance is
at 1396 and 1415 to 1421..
Beyond that 1453 to 1459 should cap the rally for a bit..
BW 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 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
Tuesday Feb 5th, 2002
4:05 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 2-05-2002
Long 10 March EC 8813
Long 20 March Swiss Franc 5963 avg
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 2-05-2002
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom
Investment Publications
Copyright@1996-2002 all rights Reserved