FuturesCom
Investment Publications
Morning Comments, Wed. Feb 13th,
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 12th ,
2001
3:45 PM Eastern Standard
Time
The Frenzied Forex
Front
March Yen
Support
should
appear near 7549 then 7513 to 7486 and 7428 to 7414.
Resistance
should
appear near 7587 to 7601. .
March
Euro Currency (EC)
Support
should
appear near 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
BW Traders should
go short if a close under 5854 occurs..
March British Pound
Support
should
appear near1.4272 and 1.4210 .
Resistance is at 1.4336 and
the 1.4372 region
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 5067 to
5051
Resistance should appear near 5097 and 5129 to 5135
The Sensational Stocks and
Bonds
Dow
Jones Industrial Average
Resistance
should
appear near 9879 then 9921 to 9937 and the 10,021 to 10,037 region .
Support should appear near
the 9837 to 9821 region
and 9779 and the 9737 to 9706 region.
March
SP500
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
*Stay
Tuned for BW Updates and MC trades during the trading sessions..
Nasdaq
Composite
Resistance
is
at1857 to 1865 , beyond that sellers should appear near 1902 to 1909 and the 1946 to 1952 region.
.
Support is at
1808 and 170 80 t0 1070
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.
Trade Accordingly and Stay
tuned….
March 10
Year
T-Note
Resistance
should
appear near 196022 then 107-04 and 107-17 to 107-23
Support is at 106-07 and 115.30
to 1115.00
.. 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 7345, beyond that a trade towards the 7415 to 7430.region is
likely..
A close over 7430 is friendly and augurs for a test of
7585 to 7600 ..
BW Traders should go long if a close over 7430
occurs
March Silver
Recommended
Open Position Long 438.5
Support should appear near 444.5 to 442
and the 438.5 to 437 region..
Resistance is at
450.5 to 451.5 , a close over 451.5 is friendly and augurs for another test
of the 457 to 458.5 region..
Aggressive BW Traders should go
long if a close over 451.5 occurs. ..
The Exciting Energies
March Crude Oil
Support should
appear near 2042 to 2034 under that buyers should appear near the 1996 to
1982.
Resistance is at the 2080 to 2088
and 2126 to 2134
March Unleaded Gas
Support should
appear near 5960 to 5945 and 5880 to
5855.
Resistance is at the 6025 to 6035 then
6100 to 6115 and 6165 to 6190. ..
March Heating Oil
Nearby
Resistance is at
5490 to 5505 and 5555 to 5580
Nearby Support should appear
near 5415 and the 5355 to 5345
region and the 5285 to 5260 region..
BW Traders should go short if
a close under 5255 occurs.. .
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
5882 to 5857 and the
5807
to 5792 region.. Which should contain a decline..
BW Traders can buy at
5807 and risk a close under 5712 for three days in a
row
Resistance is at the 5957 then 5992 and the 6022
to 6037 region.
June
Hogs
Support
is at
6592 to 6577 and the 6512 to 6482 region ..
Resistance
is
at the 6657 to 6672 and 6742 to 6757..
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
Recommended Open Position Long at 436
Resistance is
at 437 to 438 1/2 and the 442
1/2 to 444 3/4 region
.
Support should appear near 431 1/2 to 430 1/2 and the 425 to 423
region.
BW Traders can buy at 425 1/4 and risk a close under 416
1/4 for three days in a row..
March Soybean Meal
Recommended
Open Position Long at 149.8
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
152.9 to 153.5 and 156.9 to 157.6 .
March
Soybean Oil
Support
is near
1535 to 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 3980 and 3930 to 3910 and 3865 to 3855.region. BW Traders can
buy at 3860 and risk a close under
3730 for three days in a row.
Resistance is at 4045 to
4055 and the 4110 to 41220 region.
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
May
Sugar
Support should
appear near the 559 and 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
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 ..
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
Wed 12th ,February 2002 11th
2002
4:45 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 2-12-2002
Long 20 March
EC 8757 avg
Long 10 March Aussie Dollar 5156 avg
Short 15 March SP500 1092.10
avg
Long 20 April Gold
300.8 avg
Short 15 April Hogs
6022 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 2-12-2002
Short 8 March
SP500
1096.20