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, Thursday February 28th, 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

Wed Feb 27th , 2002
4:40 PM Eastern Standard Time

The Frenzied Forex Front

March Yen
Recommended Open BW Position Long 2 at 7491
Support remains near 7428 to 7414. Under 7414 some buyers should emerge near the
7342 to 7328 region..
Resistance should appear near 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
Recommended Open BW Position Long at 5147
Support is at 5135 to 5129 and 5098, below that a test of the 5067 to 5056 region is likely.
Resistance should appear near 5176 and 5200 to 5211,

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 1759 then 1774 to 1780 and the 1809 to 1822 region. .
Support is at the 1738 to 1731 region.

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

Trade Accordingly and Stay tuned….

June 10 Year T-Note
Resistance should appear near 106-07 and 106-22.
Support is at 105-23 and 105-12 . Below that buyers should appear near 105-07 and 104-23

Precious Metals

April Gold
Recommended open Position Long 298.2
Support should appear at 295.4 and 293.7 to 292.8.
Resistance is at 297.2 to 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 7170 to 7140 and 7090 to 7075 ..
Resistance should appear near 7240 to 7255 and 7325 to 7340

May Silver
Support should appear near 442.5 then 438.5 to 437 and the 431 to 430 region
Resistance is at 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
Support should appear near 6655 then 6590 to 6570 and 6510 to 6480
Resistance is at 6740 to 6755 and 6805 to 6835

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

The Lively Livestock

April Live Cattle
Recommended Open BW Position Short at 7487
Support should appear near the 7427 to 7412
Resistance is at 7487 to 7512...

April Hogs
Support is at 5957 to 5942
Resistance is at 6022 to 6037 Beyond that sellers should appear near 6102 to 6112 and the 6165 to 6190 region.. BW Traders can sell at 6102 and risk a close over 6192 for three days in a row..

June Hogs
Support is at the 6592 to 6577

Resistance is at the 6672 and 6742 to 6757

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 8027 to 8047 Traders can sell at 8022 and hold for lower prices..Above that sellers should appear near 8117 to 8132 and the 8300 to 8317 region…

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande' Grains

May Soybeans
Resistance is at 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 444 1/2 to 442 1/2 and 438 1/4 to 437 ..
BW Traders should go long if a close over 451 ½ occurs

July Soybeans
Resistance is at 451 ½ and 457 to 458 1/2
Support should appear at 450 then 444 3/4 to 442 ½ and 438 ¼ to 437
BW Traders should go long if a close over 451 ½ occurs

May Soybean Meal
Recommended open BW Position ,long at 153.6
Support should appear near 152.9 then 151.2 and 149.6 to148.4
Resistance is at 156.9 to 157.6

May Soybean Oil
Support is near 1535 to 1529 .
Resistance should appear near 1569 to 1576 and the 1609 to 1615 region.

May Corn
Resistance should appear near 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 1453 to 1459 and 1484 to 1496
Support should appear near the 1421 to 1415 region.

May Coffee
Recommended Open BW Position , long at 4850
Support is near 4635 and 4585 to 4570
Resistance should appear near 4695 to 4715 and 4775 to 4795

May Sugar
Support should appear near 534. 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 558 to 562

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
Wed February 27th 2002
6:25 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.