Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom Investment Publications
Morning Comments, Tuesday Feb 12th, 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 11th , 2001
6:00 PM Eastern Standard Time
The Frenzied Forex Front
March Yen
Recommended Open Position Long 7429
Support should appear near 7486 and 7428 to 7414..Under 7414 some buyers should emerge near the 7342 to 7328 region..
March Euro Currency (EC)
Support should appear near the 8723 and the 8683 to 8668 region. BW traders can buy at 8683 and risk a close under 8622 for three days in a row .
Resistance is at 8762 to 8777, a close over 8777 is friendly and augurs for a test of 8816 and the 8856 to 8871 region.
BW traders should go long if a close over 8777 occurs.
March Swiss Franc
Resistance should appear near 5945 to 5957 and 6023 to 6035.
Support should appear near 5912 and the 5880 to 5855 region.. a close under 5855 is negative and augurs for a test of 5805 to 5795 and 5729 to 5716.. BW Traders should go short if a close under 5854 occurs..
March British Pound
Support should appear near 1.4150 and 1.4072. .
Resistance is at 1.4210 then 1.4252 and 1.4336.
March Canadian Dollar
Recommended Open Position Long at 6284
Support should appear at 6261 to 6256 and 6227
Resistance is at 6305 , a close over 6305 is friendly and augurs for a test of the 6337 to 6350 region
March Aussie Dollar
Recommended Open Position Long at 5111
Support is at 5098. Below that buyers should near the 5067 to 5056..
Resistance should appear near 5129 to 5135 and 5176
The Sensational Stocks and Bonds
Dow Jones Industrial Average
Resistance should appear near 9921 to 9937 .Above that a test of 10,021 to 10,037 region is likely.
Support should appear near the 9837 to 9821 region
March SP500
Nearby Resistance should appear near 1115.50 and 1122.70 ' Well heeled'
BW Traders can sell at 1115.40 and risk a close over 1135 for three days in a row
Nearby Support should appear at 1108.70 and 1101 to 1098
*Stay Tuned for BW Updates and MC trades during the trading sessions..
Nasdaq Composite
Resistance is at 1858 to 1865 , beyond that sellers should appear near 1902 to 1909 and the 1946 to 1952 region. .
Support is at 1840 and the 1822 to 1808 region..
Pick Your Poison…
Nearby Resistance is at the 1484 to 1496 region .. A close over 1496 is friendly and augurs for a test of
1529 to 1535.
Nearby support is at 1459 to 1453 and 1421 to 1415 ,
Trade Accordingly and Stay tuned….
March 10 Year T-Note
Resistance should appear near 107-04 and 107-17 to 107-23 , which should cap a rally for a bit...
Support is at 106-23 and 106-08.. Under that a test of 105-23 region is likely.
Precious Metals
April Gold
Nearby Support should appear near the 299 to 297.2 region. Under that support is 293.7 to 292.8
.BW Traders can buy at 293.8 or better and hold for higher prices..
Resistance is at 303.6 to 304.5
BW Traders should go long if a close over 304.5 occurs
March Copper
Recommended Open Position Long at 7260
Support should appear near 7255 to 7240. Under that buyers should appear near the 7170 to 7140.
and the 7090 to 7075 region
Resistance should appear near 7325 to 7345 and the 7415 to 7430.region.
BW Traders should go long if a close over 7430 occurs
March Silver
Recommended Open Position Long 438.5
Support should appear near 438.5 to 437 and the 431 to 430 region. Below that 425 to 423.5 should contain a decline for a bit..
Resistance is at 442.5 to 444.5 and 450.5 to 451.5
Aggressive BW Traders should go long if a close over 451.5 occurs. ..
The Exciting Energies
March Crude Oil
Recommended Open Position Long 1997
Support should appear near 2134 to 2126 and 2088 to 2080 under that buyers should appear near the 2042.
Resistance is at the 2219 to 2226 region.. Beyond that sellers should appear near the 2315 to 2322 region.
Recommended Open Position Long 5810
Support should appear near 6115 to 6105 and the 6035 to 6025 region...
Resistance is at the 6255 to 6370 region.. Beyond that sellers should appear near 6335 to 6350 and the 6415 to 6415 region ... Above that resistance should appear near the 6740 to 6755 region.. BW Traders can sell at 6745 and risk a close over 6835 for three days in a row.
Nearby Resistance is at 5645 to 5655 Above that a resistance is at 5855 to 5880 . a close over is friendly and augurs for an eventual test of 6100 to 6115
Nearby Support should appear near the 5580 to 5555 and the 5505 to 5490 region, under that 5430 to 5415 should hold.. .
The Lively Livestock
April Live Cattle
Recommended Open Position Long 7602
Support should appear near 7587 and 7552 . Below that support should appear near 7512 to 7487.
Resistance is at 7637 and 7672 to 7692
April Hogs
Recommended Open Position Short at 6017
Nearby Support is at the 5957 to 5942 region. A close under is negative and augurs for a test of the 5882 to 5857
Resistance is at the 6022 to 6037 and the 6102 to 6112 region...
June Hogs
Nearby Support is at the 6672 to 6657 region a close under is negative and augurs for a test of the 6592 to 6577 and eventually the 6512 to 6482 region ..
Resistance is at the 6742 to 6757.. Beyond that sellers should appear near 6807 to 6837
March Pork Bellies
Nearby Support should appear at 7487 and 7427 to 7412.. under that buyers should appear near the
7342 to 7327 region
Nearby Resistance is at 7587 to 7602 and 7672 to 7687 Beyond that sellers should appear near 7776 to 7777. Aggressive BW Traders can sell at 7762 and hold for lower prices..
-Stay tuned for Livestock and Belly Updates and Flashes-
The Grande' Grains
March Soybeans
Resistance is at 431 1/2 , a close over is friendly and augurs for a test of 437 to 438 1/2 and the 442 1/2 to 444 3/4 region .
Support should appear near 425 to 423 and the 418 1/4 to 416 1/2 region.. BW Traders can buy at 425 ¼ and
risk a close under 416 1/4 for three days in a row..
BW Traders should go long if a close over 431 1/2 occurs
March Soybean Meal
Support should appear near 145.9 to 145.3 and 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 148.4 to 149.6 , a close over 149.6 is friendly and augurs for a test of 152.9 to 153.5 and 156.9 to 157.6 .
BW Traders should go long if a close over 149.6 occurs.
Support is near 1529 and 1496 to 1484 ..
Resistance should appear near 1552, a close over is friendly and augurs for a test of 1569 to 1576 .
March Corn
Resistance should appear near 208 to 208 3/4.
Support is at the 204 1/4 to 203 1/2 region.. Under that buyers should appear near 199 3/4 to 198 1/4
BW Traders should go, long if a close over 208 3/4 occurs..
March Wheat
Nearby Support should appear near 279 1/4.. Below that buyers should appear near the 277 1/2 to 275 3/4 region. Under that 272 1/2 to 271 3/4 should contain a decline...
Resistance is at 282 to 282 3/4 and the 287 1/2 to 288 1/4 region.
Aggressive BW Traders should go long if a close over 282 3/4 occurs..
The Satisfying Softs
May Cotton
Nearby Support should appear near the 3865 to 3855.region. BW Traders can buy at 3860 and risk a close under 3730 for three days in a row. Under that buyers should appear near 3620 to 3610.
Resistance is at 3910 to 3930 and 3982 to 3992
May Coffee
Recommended Open Position: Long 4655
Support is near 4580 to 4570 and the 4515 to 4505 region.
Resistance should appear near 4640 to 4655 and 4695 to 4715
Support should appear near the 539 to 534 region. Below that 515 to 507 should hold ..BW Traders can buy at 516 for a bounce and risk a close under 467 for three days in a row.
Resistance should appear near 559 to 562 and 582 to 586, a close over augurs for a test of 601 to 609
BW Traders should go long if a close over 586 occurs.
May Cocoa
Resistance is at 1484 to 1496, a close over is friendly and augurs for a test 1529 to 1535 and eventually the 1569 to 1576 region ..
Support should appear near1459 to 1453 and the 1421 to 1415 region. BW Traders can buy at 1422 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 February 11th 2002
7:30 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.
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FuturesCom Investment Publications Copyright@1996-2002 all rights reserved
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 2-11-2002
Long 20 March EC 8757 avg
Long 10 March Aussie Dollar 5156 avg
Short 10 March SP500 1087.20 avg
Long 20 April Gold 300.8 avg
Short 25 April Hogs 6067 avg
Short 9 March Bellies 7640 avg
Long 20 March Soybeans 442 avg
Long 10 March Soymeal 153.6 avg
Long 40 May Wheat 294 3/4 avg
Long 5 March Coffee 4920
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 2-11-2002
Short 8 March SP500 1096.20