Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Monday March
4th, 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--
Sunday March
3rd , 2002
8:00 AM Eastern Standard Time
The Frenzied Forex Front
March Yen
Support remain appear near 7486 and 7453... Day
traders can buy at 7453 and risk 50 pts..
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.
Recommended open BW position, long at 8723
Nearby Support
should appear at 8628 under that 8589 to 8560 should hold..
Resistance is at 8668 to 8683
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..
Recommended Open BW Position , long at 1.4212
Support should appear near 1.4150 and 1.4072.
Resistance is at 1.4180 to
1.4210
March Canadian
Dollar
Recommended Open Position long at 6281
Support should appear
near the 6271 to 6256 and 6225.
Nearby Resistance is at 6337 to 6350
region. .
March Aussie Dollar
Resistance should appear near 5200 to 5211.
Dow Jones
Industrial Average
Resistance should appear near 10,470 and 10,580 to 10,630.
Nearby Support should appear near 10,360
to 10,320
March SP500
Resistance should appear near 1136.00
and 1143.00 beyond that sellers should appear near
1150.00
Support should appear at 1130.00 and
1122.70, Day traders can buy at 1122.70 and hold for higher
prices...Under that 1115.50 should contain any decline
* Aggressive BW Traders should go short if a close under 1115.50 occurs..
*Stay Tuned for BW Updates and additional trades during the trading
sessions..
Nasdaq
Composite
Resistance is at 1809 to 1822 region, beyond that a test of 1840 is likely
Support
is at 1794 and 1780 to 1774.
March Mini
Nasdaq 100
Resistance is at 1453 to 1459 and 1471.50.
Trade Accordingly and Stay
tuned….
June 10 Year
T-Note
Resistance should appear near 105-12 and 105-22.
Support is at 104-27 and 104-23
Precious
Metals
April
Gold
Recommended
open Position Long
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
Support should
appear near 7255 to 7240 and 7170 to 7140 ..
Resistance should appear near 7340 and the
7415 to 7430 region. Beyond that a test of 7485 to
7515 is likely
May
Silver
Recommended
open BW Position Long at 451.5
Support should appear near 451.5 to 450 and
444.5 to 442.5
Resistance is at 457.5 to 458.5 and 463.5 to
465.0.. eventually a test of 484.5 is in the cards if it holds..
Stay tuned for
Updates
April Crude Oil
Support
should appear near 2226 to
2219 and 2185 to 2170.
Resistance is at 22267 to 2285
beyond that a test of 2315 to 2322 is likely to occur..
April Unleaded
Gas
Recommended
open position short at 7065
Support should appear near 6020 to 6905 and 6835 to 6810
Resistance is at 7075 to 7090 and
7145 to 7170.
April
Heating Oil
Resistance is at 6020 to 6045 and 6100 to 6115.
Support should appear near 5855 and
5730 to 5715, which should contain a decline for a bit
April Natural Gas
Nearby Resistance is at 2.461 to 2.469 and 2.511 to 2.519
Nearby Support should appear near 2.419
to 2.411 and 2.370 to 2.354..
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 and 5912..
Resistance is at 6022 to
6037 and 6102 to 6112. BW Traders
can sell at 6102 and risk a close over 6192 for three days in a row..
Support is at the 6655 and
6592 to 6577
Resistance is
at the 6742 to 6757 and 6805 to 6835
May Pork
Bellies
Recommended Open BW Position Short 2 at 8400
Support should
appear at 8317 to 8300 and the 8227 to
8192 region.
-Stay tuned for Livestock and Belly Updates and Flashes-
May Soybeans
Recommended Open BW Position , long at 451 1/2
Resistance is at 457 to 458 1/4 and the 463 1/2 to 465 region
Nearby Support should appear at 450 1/4 and 448 1/4 , day traders can buy
at 448 1/2 and risk 7 cents initially...
Below that buyers should appear near 444 3/4 to 442 1/2
July Soybeans
Recommended Open BW Position long at 455 1/2
Resistance is at 457 to 458 1/2 and 469 1/2
to 471 1/2
Support should appear at 451 1/2 to 450 1/4 and 449
1/4
May
Soybean Meal
Recommended
open BW Position ,long at 153.6
Support should appear near
152.9 and 149.6 to148.4
Resistance is at
156.9 to 157.6
May
Soybean Oil
Support is
near 1596 and 1576 to 1569
Resistance should appear near 1609 to 1615
beyond that a test of 1642 to 1655 is likely.
May Corn
Resistance should
appear near 208 3/4 and 210 1/2
Support is
at 208 then 206 3/4 and 204 3/4
to 204.
May Wheat
Support should
appear near 277 1/2 to 275 3/4 . Under that 272 1/2 to 271 3/4 should
contain a decline...
Resistance is at the 282 to 282
3/4 region
The Satisfying Softs
May
Cocoa
Resistance
is at 1529 to 1535
Support should
appear near 1484 and 1472..
May
Coffee
Recommended
Open BW Position
, long at 4850
Support is near 4715 to 4695 and 4585 to 4570 and 4515 to 4505
Resistance should appear near 4775 to
4785 and 4845 to 4855
May Sugar
Recommended Open BW position , long at 596
Support should appear near 586 to 582 and 562 to 558.
Resistance should appear near
601 to 609.. Beyond that a trade towards 630 to 634 is likely.
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
Sunday,
March 3rd, 2002
9:30
AM
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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