Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Wed March
6th, 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
Courage
in a Speculator is merely confidence to act on the decision of his mind
Tuesday March
5th , 2002
2:45 PM Eastern Standard Time
The Frenzied Forex Front
March Yen
Support remain appear near 7551 and 7513 to 7486 .. Day
traders can buy at 7514 and hold for higher prices
Resistance
should appear
near 7587 to
7601, an extended trade over is friendly and augurs for a test of 7675 to 7687 region.
Support
should appear at 8683 to 8668 and 8628 under that 8589 to 8560 should hold..
Day Traders can buy at 8684 and risk 30 pts.
Resistance is at 8722, an extended trade over is friendly and augurs for a test of
the 8762 to 8777
region.. Aggressive BW should go long if a close over
8777 occurs..
Resistance
should appear near
5912 and 5945 to 5957. Beyond that a test of 6023 to 6035 is likely..
Day Traders can sell at 6022 and hold for lower prices..
Support
should appear near 5880 to 5855 and
5835, under that 5805 to 5795 should contain a decline
Aggressive BW
Traders should go short
if a close under 5854 occurs..
Support should appear near 1.4210 to 1.4180 and 1.4150
Resistance is at 1.4272 and
1.4336..
March Canadian
Dollar
Support should appear
near 6271 to 6256 and 6225.
Nearby Resistance is at 6305
and the 6337 to 6350
region. .
March Aussie Dollar
Resistance should appear near 5211 and 5259 to 5282..
Dow Jones
Industrial Average
Resistance should appear near 10,470 then 10,535 and 10580, Beyond that
sellers should appear near 10,630 to 10,680..
Support should appear at 10,425 and the 10,360
to 10,320 region.
March SP500
Resistance should appear near 1150.00
and 1157.00 beyond that sellers should appear near
1164 to 1169 and 1180.50.. Day Traders can sell at 1166.40 and hold for lower prices..
Support should appear at 1143.00 and
1136.00 under that 1133 to 1130 should hold ..
Day Traders can buy at 1133.10 and hold for higher prices..Stay Tuned for BW Updates and additional trades during the trading
sessions..
Nasdaq
Composite
Resistance is at 1883.5 beyond that a test of 1902 to
1909 is likely
Support
is at 1865 to 1858, under that a slip towards and 1840 and the 1822 to 1808
is likely.
March Mini
Nasdaq 100
Resistance is at 1529 to 1535 and 1552
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 293.7 to
292.8 and 288.3 to 287.4
Resistance is at 295.4 and 297.2
to 299
May
Copper
Support should
appear near 7355 to 7340 and 7255 to 7235 ..
Resistance should appear near 7415 to 740 then 7485 to
7515 and 7585 to 7605
May
Silver
Support should appear near 451.5 to 450 and
444.5 to 442.5
Resistance is at 457 to 458.5 and 463.5 to 465.0
Stay tuned for
Updates
April Crude Oil
Support
should appear near 2275 to
2267 and 2226 to
2219, under that buyers should appear near 2185 to 2170.
Resistance is at 2322 an
extended trade over is friendly and augurs for a test of 2354 to 2370,
beyond that sellers should appear near 2411 to 2419..
April Unleaded
Gas
Support should appear near 7255 to 7240 and 7170 to 7145.
Resistance is at 7415 to 7430, beyond
that a test of the 7485 to 7510 region is likely.
April
Heating Oil
Resistance is at 6020 to 6045, beyond that a test of 6100 to 6115 is likely Above
that sellers should appear near 6255 to 6270
Support should appear near 5955 to 5945
and 5880 to 5855t
April Natural Gas
Resistance is at 2.511 to 2.519
Support should appear near 246.9 to
2.461 and 2.419 to 2.411
April Live
Cattle
Support
should
appear near 7412 and
the 7342 to 7327 region.
Resistance
is
at 7437 and 7487
to 7512...
April Hogs
Support is at 5882 to 5857
and the 5807 to 5792 region..
BW Traders can buy at 5807 and risk a close under 5712 for three days in a row.
.
Resistance is at 5942 to
5957 and the 6022 to
6037 region.
Support is at 6657 and
6592 to 6577
Resistance is
at 6742 to 6757 and 6805 to 6835
May Pork
Bellies
Support should
appear at the 8227 to
8192 region. A close under 8192 is negative and augurs for
a test of the 8047 to 8027 region..
-Stay tuned for Livestock and Belly Updates and Flashes-
May Soybeans
Resistance is at 457 to 458 1/4
and 463 3/4
Nearby Support should appear at 451 1/2 to 450 1/4 under that
444 3/4 to 442 1/2 should hold.
July Soybeans
Resistance is at 463 3/4 to 465 and 469 1/2
to 471 1/2
Support should appear at 458 1/4 to 457 and 451 1/2 to 450 1/4
May
Soybean Meal
Support
should appear near 152.9
then 151.2 and 149.6 to148.4
Resistance is at 155.2
and the 156.9 to 157.6 region.
May
Soybean Oil
Support is
near 1615 to 1609 and 1596 under that support is at 1576 to 1569
Resistance should appear near 1642 to 1655.
May Corn
Resistance
should
appear near 210 1/2 and 212 3/4 to 213 1/2
Support is
at 208 3/4 to 208 and 206 3/4.
BW Traders
should go long if a close over 213 1/2 occurs..
May Wheat
Support should
appear near 279 1/2 and 277 1/2 to 275 3/4 .
Resistance is at 282
3/4 and 285 1/4
The Satisfying Softs
May
Cocoa
Resistance
is at 1484 to 1496
Support should
appear near 1472 and 1459 to 1453
May
Coffee
Recommended
Open BW Position
, long at 4850
Support is near 4785 to 4775 and 4715 to 4695 under
that 4650 to 4635 should hold..
Resistance should appear near 4845 to 4855 , beyond that a test
of 4915 to 4925 is likely.
above that
resistance is at 4970
to 4995. A close over 4995 is friendly and augurs for a test of
5125 to 5140 and the 5200 to 5210 region. BW Traders should go long
if a close over 4995 occur
May Sugar
Recommended Open BW position , long at 596
Support should appear near 586 to 582 and 562 to 558.
Resistance should appear near
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
Tuesday,
March 5th, 2002
4:15
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.
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