Economic
and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones -
Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Friday Feb 8th, 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
Thursday
Feb 7th, 2002
4:50
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
March
Euro Currency (EC)
Support
should
appear near 8683 to 8668 and 8629
Resistance
is at 8723
and the 8762
to 8777 region..
March
Swiss Franc
Resistance
should appear near 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 6226 and 6190 to 6165.
Resistance is
at 6257 to 6270
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 9641 then 9673 and 9706 to 9737.. beyond that
9779 offers resistance
Support should appear near 9625. Under that
a test of the 9542 to 9526 region is likely.
March SP500
Resistance
is at 1082 then 1085.60 and 1089
beyond that sellers should appear near 1096 to 1101.
Support should appear near the 1068.00 to 1063.00
region . Below that 1058.00 offers support..
Nasdaq
Composite
Resistance is
at 18008 to 1822 then 1840 and 1858 to 1865
Support should appear near the 1780 to 1774 region.
Below that 1738 to 1731 should contain a decline for a bit..
March
Mini- Nasdaq 100
Resistance is at 1415 to 1421 and 1453 to 1459
Support
is at 1383 to 1377 and the 1346 to 1334
region.
Trade Accordingly and Stay tuned….
March
10 Year T-Note
Resistance should
appear near 106-23 and 107-07 to 10712
Support is at 106-12 to 106-07 and 105-22.
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 7340 to 7325 and 7255 to 7240 then 7170 to 7140
Resistance should appear near 7415 to 7430 and the 7485 to 7515
region.
March
Silver
Support should
appear near 431.5 to 430.5 and 425 to 423 1/2.
Resistance
is at 437 to 438 1/2 and the 442 1/2 to 444.5 region..
The
Exciting Energies
March
Crude Oil
Support should
appear near 1953 to 1946 and the 1909 to 1902 region..
Resistance is at 1982 to 1996 and 2034 to 2042...
March Unleaded Gas
Support should appear near the 5655 to 5645 region. Below that buyers should
appear near
5580 to 5550.
Resistance is
at the 5730
then 5790 to 5805 and the 5855 to 5880 region.
March Heating Oil
Resistance
is at 5255 to 5280 then 5345 to 5355 and 5415 to 5430..
Beyond that sellers should appear
near 5490 to 5505
Support should appear near 5200 and the 5140 to 5125 region
. Below that Buyers should appear near 5065 to 5035
Trade Accordingly .
The
Lively Livestock Markets
April
Live Cattle
Support
should
appear near 7602 to 7587 and 7517 to 7487
Resistance is
at 7672 to 7692
-Stay tuned for updates--
Support is at the 6112 to 6102
region.. A slip under augurs for a test of 6037 to 6022
Resistance is
at 6162 to 6192 and 6257 to 6272
.
June
Hogs
Support is at the 6672 to 6657 region.
Resistance is
at 6742 to 6757 and the 6807 to 6837 region.
March
Pork Bellies
Support should appear near 7602 to 7587 and 7512 to 7487
Resistance is at the
7672 to 7692 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
Resistance is 437 to 438 1/2
Support should appear near 530 1/4 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..
Resistance is
at 152.9 to 153.5 and 156.9 to 157.6
March
Soybean Oil
Resistance
is near 1552 and the 1569 to 1576.region.
Support should appear near
1535 to 1529
and 1496 to 1484
March Corn
Resistance
should
appear near 208 to 208 3/4
Support is
at 204 1/4 to 203 1/2 and 199 3/4 to 198 1/2
March Wheat
Nearby
Support should appear near 279 3/4 under
that 277 1/2 to 275 1/2 should hold.
Resistance is at 282 to 282 3/4 and 285 1/4
The Satisfying Softs
March
Cotton
Support should
appear near the 3795 and 3745 to 3735 and the 3695 to 3665 region.
Resistance is at the 3855 to 3865 and the 3910 to 3930 region.
March Coffee
Support is
should appear near 4445 to
4425 and 4315
to 4305.
Resistance should appear near 4515 then 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 1453 to 1459
and should cap the rally for a bit.. Beyond that a test
of 1484 to 1496 is likely
Support should
appear near 1421 to 1415 and 1396 , under that buyers should appear near the 1383 to 1377
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 Feb 7th, 2002
6:45 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 2-07-2002
Long 10 March EC 8813
Long 20 March Swiss Franc 5963 avg
Long 10 March Aussie Dollar 5156 avg
Short 5 March SP500 1090.00
Long 10 April Gold 298.4
Long 10 March Silver 443.2 avg
Short 25 April Hogs 6067 avg
Short 5 Feb Bellies 7400
Short 4 March Bellies 7652
Long 20 March Soybeans 442 avg
Long 10 March Soymeal 153.6 avg
Long 20 March Corn 213 3/4
Long 20 March Wheat 299 1/4 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 2-07-2002
Short 4 March SP500 1088.00
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom
Investment Publications
Copyright@1996-2002 all rights Reserved