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, Friday March 1st, 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

"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk"
-- Reminiscences of a Stock operator--

Thur Feb 28th , 2002
8:00 PM Eastern Standard Time

The Frenzied Forex Front

March Yen
Support remain appear near 7452 and 7428 to 7414. Day traders can buy at 7453 and risk 40 pts..
Under 7414 some buyers should emerge near the 7342 to 7328 region..
Resistance should appear near 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 8667 and 8628 under that 8589 to 8560 should hold..
Resistance is at 8683 an extended trade over is friendly and augurs for an eventual test of 8762 to 8777

March Swiss Franc
Resistance should appear near 5912 and the 5945 to 5957 region.
Support should appear near 5855 and 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 1.4072.
Resistance is at 1.4150 and 1.4180 to 1.4210

March Canadian Dollar
Support should appear near the 6225 then 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 1108.7 then 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 1738 and 1759 then 1774 to 1780 and the 1809 to 1822 region. .
Support is at 1731below that a slip towards the 1696 to 1689 is likely to occur..

March Mini Nasdaq 100
Resistance is at 1377 to 1383 and 1396 .
Support is at the 1346 to 1334...

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
Day Traders can buy at 105-23 and hold for higher prices.. Risk 15 pts..

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
recommended open BW Position Long at 451.5
Support should appear near 450 and 444.5 to 442.5
Resistance is at 457.5 to 458.5
Stay tuned for Updates

The Exciting Energies

April Crude Oil
Recommended Open BW Position Long at 2141
Support should appear near 2160 and 2143 to 2134 under that 2088 to 2080 should contain a decline.
Resistance is at 2185 and 2219 to 2226

April Unleaded Gas
Support should appear near 6755 to 6740 and 6675 to 6655 then 6590 to 6570 and 6510 to 6480
Resistance is at 6805 to 6835 Beyond that a test of 6905 to 6920 is likely to occur.

April Heating Oil
Resistance is at 5790 to 5805 and 5855 to 5880
Support should appear near 5655 to 5645, which should contain a decline for a bit

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 6022 and 5957 to 5942
Resistance is at 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 6675 to 6655 and 6592 to 6577

Resistance is at the 6742 to 6757 and 6805 to 6835

March Pork Bellies
Recommended Open BW Position Short 2 at 7897
Support should appear at 8042 to 8022
Nearby Resistance is at 8117 to 8132 and the 8300 to 8317 region…

We will be rolling analysis to May over the weekend..

-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 438 1/4 to 437, day traders can buy at 438 1/2 and risk 10 cents initially 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 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 149.6 to148.4
Resistance is at 152.9 to 153.6

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
Support should appear near 275 3/4 . Under that 272 1/2 to 271 3/4 should contain a decline...
Resistance is at the 277 1/2 and 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 4585 to 4570 and 4515 to 4505
Resistance should appear near 4635 to 4650 and 4695 to 4715

May Sugar
Support should appear near 559 to 552 and 538 to 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 582 to 586, a close over augurs for a test of 601 to 609.. Beyond that a trade towards 630 to 634 is likely. 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
Thursday, February 28th 2002
8:25 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.