March Yen Recommended Open Position Long at 7554 Support remains near 7428 to 7414

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Wed. February 27th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Tuesday Feb 26th , 2002
7:15 PM Eastern Standard Time

The Frenzied Forex Front

March Yen
Recommended Open BW Position Long at 7554
Support remains near 7458 and 7428 to 7414, BW traders can buy at 7429 and hold for higher prices. Under 7414 some buyers should emerge near the 7342 to 7328 region..

Resistance should appear near 7452 then 7486 to 7513. A close over is friendly and augurs for a test 7587 to 7601 and eventually the 7675 to 7687.
Aggressive BW Traders should go long if a close over 7513 occurs.

March Euro Currency (EC)
Recommended open BW position, long at 8723
Nearby Support should appear at 8589 to 8560 and the 8499 to 8484 region.
Resistance is at 8667 to 8683

March Swiss Franc
Resistance should appear near 5880 and 5912
Support should appear near 5805 to 5795 .. .
Aggressive BW Traders should go short if a close under 5854 occurs..

March British Pound
Recommended Open BW Position , long at 1.4212
Support should appear near 1.4150 and 1.4072.
Resistance is at 1.4210 and 1.4256

March Canadian Dollar
Support should appear near the 6190 to 6165 region. . Below that 6113 to 6101 should contain a decline.
Nearby Resistance is at 6256 to 6271, a close over is friendly and augurs for a test of the 6337 to 6350 region. BW Traders should go long if a close over 6272 occurs.

March Aussie Dollar
Support is at 5098, below that a test of the 5067 to 5056 region is likely. Under that the 4996 to 4975 region should bring buyers out for the woodwork contain a decline for a bit..
Resistance should appear near 5129 to 5135 then 5176 and 5200 to 5211,

Aggressive BW Traders should go long if a close over 5135 occurs

The Sensational Stocks and Bonds

Dow Jones Industrial Average
Resistance should appear near 10,137 then 10,185 and 10,255, beyond that sellers should appear near 10,320 to 10,360 which should cap a rally for a bit

Support should appear near 10,104 and 10,037 to 10,021

March SP500
Resistance should appear near 1115.50 and 1122.70....Beyond that sellers should appear near 1130 to 1136 and 1143 and 1150.Day Traders can sell at 1129.90 and hold for lower prices..

Support should appear at 1101.00 to 1098.00 and 1096.. |

Aggressive BW Traders should go short if a close under 1089 occurs..

*Stay Tuned for BW Updates and additional trades during the trading sessions..

Nasdaq Composite
Resistance is at 1774 to 1780 and the 1809 to 1822 region. .
Support is at 1759 and the 1738 to 1731 region.

March Mini Nasdaq 100
Resistance is at 1415.00 to 1421.00. Beyond that sellers should appear near 1459.00 and the 1484.00 to 1496.00 region ..
Support is at 1396 and the 1383 to 1377 region.

Trade Accordingly and Stay tuned….

June 10 Year T-Note
Resistance should appear near 105-23 and 106-07 .
Support is at 105-12 . Below that buyers should appear near 105-07 and 104-23

Precious Metals

April Gold
Recommended open Position Long 2 at 296.0 avg
Support should appear at 297.2 then 295.4 and 293.7 to 292.8.
Resistance is at 299 , beyond that a test of the 303.6 to 304.5 region is likely to occur..

May Copper
Recommended Open BW Position, Long at 7125
Support should appear near 7090 to 7075 and 7005 to 6990, under that buyers should appear near 6920 to 6910 and the 6835 to 6810 region. Aggressive BW traders can buy at 6925 and hold for higher prices.. Initially plan on risking a close under 6805 for three days in row.. ..

Resistance should appear near 7140 to 7170 . a close over is friendly and augurs for a test of 7240 to 7255 and 7325 to 7340

May Silver
Recommended Open BW Position Long at 438.5
Support should appear near 438.5 to 437 and the 431 to 430 region
Resistance is at 444.5 , a close over 444.5 is friendly and augurs for a test of 450.5 to 451.5

Aggressive BW Traders should go long if a close over 444.5 occurs. ..Stay tuned for Updates

The Exciting Energies

April Crude Oil
Recommended Open BW Position Long at 2141
Support should appear near 2134 then 2088 to 2080 and 2042 to 2032. ..
Resistance is at 2170 to 2185 and 2219 to 2226

April Unleaded Gas
Recommended Open BW Position Long at 6515
Support should appear near 6590 to 6570 and 6510 to 6480
Resistance is at the 6655 to 6670 and 6740 to 6755

April Heating Oil
Recommended open BW Position Short at 5275
Resistance is at 5640 to 5655 and 5715 to 5730
Support should appear near 5580 to 5555 and 5505 to 5490under that 5430 to 5415 should contain a decline.. .

The Lively Livestock

April Live Cattle
Support should appear near the 7342 to 7327 and 7257 to 7242.. BW traders can buy at 7257 for a turn higher, risk a close under 7137 for three days in a row.
Resistance is at 7412 to 7427 and 7487 to 7512...
BW Traders can sell at 7487 and risk a close over 7602 for three days in a row..

April Hogs
Support is at 5807 to 5792 , which should contain a decline.. BW Traders can buy at 5807 and risk a close under 5712 for three days in a row. Below that support is at 5732 to 5717..

Resistance is at 5882 then 5912 and 5942 to 5957

June Hogs
Support is at the 6512 to 6482 region .. Below that buyers should appear near 6432 to 6417
.BW. Traders can buy at 6432 and hold for higher prices going forward..

Resistance is at the 6577 to 6592 and 6657 to 6672

March Pork Bellies
Recommended Open BW Position Short at 7770
Nearby Support should appear at 7687 to 7672 under that buyers should appear near 7602 to 7587 and the 7512 to 7487 region…
Nearby Resistance is at 7762 to 7777 and 7832 to 7867

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande' Grains

May Soybeans
Recommended Open BW Position ,long at 438 1/2
Resistance is at to 442 1/2 to 444 3/4 and 450 1/2 to 451 1/2, a close over is friendly and augurs for a test of 457 to 458 1/4
Nearby Support should appear at 438 1/4 to 437 and the 431 ½ to 430 ½ region.. ..
BW Traders should go long if a close over 451 ½ occurs

July Soybeans
Resistance is at to 450 ½ to 451 ½ ,
Support should appear at 442 ½ and 438 ¼ to 437
BW Traders should go long if a close over 451 ½ occurs

May Soybean Meal
Support should appear near 148.4 and 145.9 to 145.3..BW Traders can buy at 145.9 for a bounce and risk a close under 145.3 for three days in a row. Under that support should appear near 142.1 to 141.5

Resistance is at 149.6 and the 152.9 to 153.5 region.

BW Traders should go long if a close over 151.2 occurs.

May Soybean Oil
Support is near 1569 and 1535 to 1529 .
Resistance should appear near the 1596 and 1609 to 1615 region.

May Corn
Resistance should appear near 206 3/4 and 208 to 208 3/4
Support is at 204 3/4 to 204.

May Wheat
Recommended Open BW Position Long at 285
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 the 282 to 282 3/4

The Satisfying Softs

May Cocoa
Resistance is at 1484 to 1496, beyond that an eventual test of 1529 to 1535 is likely to occur.
Support should appear near the 1459 to 1453 and the 1421 to 1415 region.

May Coffee
Recommended Open BW Position , long at 4850
Support is near 4715 to 4695 and the 4650 to 4635 region.
Resistance should appear near 4775 to 4795 and 4845 to 4855

BW Traders should go long if a close over 4995 occurs.

May Sugar
Support should appear near 558 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 Cotton
Support should appear near 3565 to 3553 and 3505 to 3490
Resistance is at the 3615 to 3625, beyond that a test of 3735 to 3745 is likely

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 February 26th 2002
7:45 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.