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 March
7th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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1-561-433-2995 http://www.futurescom.com
Description of Services   Premier Service


Wed March 6th , 2002
8:00  PM Eastern Standard Time
 

                                                 The Frenzied Forex Front                               

March Yen 
Support should appear near  7601 and 7587.. Day traders can buy at 7601 and hold for higher prices  
Resistance should appear near 7675 to 7687.Beyond that, resistance should appear near 7763 to 7777 and the 7835 to 7865 region..  BW Traders can sell at 7762 and risk a close over 7865 for three days in a row..
 
March Euro Currency (EC) 
Support should appear at 8723 and 8683 to 8668 and 8628 under that 8589 to 8560 should hold..    
Day Traders can buy at 8726 and hold for higher prices...

Resistance is at  the 8762 to 8777region..   Aggressive BW should go long if a close over 8777 occurs.. Beyond that a test of 8818 and the 8856 to 8871 region is likely. 

March Swiss Franc   
Resistance 
should appear near 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 5912 then 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..


March  British Pound
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 6305 and 6271 to 6256 and 6225.
Nearby Resistance is at the 6337 to 6350 region. .


March Aussie Dollar  
Support
is at 5211 to 5200 and 5176.
Resistance should appear near 5259 to 5282.. 

                          
  The Sensational Stocks and Bonds
                             

Dow Jones Industrial Average
Resistance should appear near 10580, Beyond that sellers should appear near 10,630 to 10,680..  
Support should appear at 10,470 and 10,425

The Dow is like the downhill skier racing and making time.. 10,580 to 10,680 is the tree....

March SP500 
Resistance
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  1157 and 1150  and should hold ..Day Traders can buy at 1150.10 and hold for higher prices.. 

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

Nasdaq Composite
Resistance
is at  1902 to 1909 
Support
is at 1883 and 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
Support
is at  the 1496 to 1484 then 1471 and 1459 to 1453. 

 Trade Accordingly and Stay tuned…. 
 

June 10 Year 
T-Note
Resistance
should appear near 104-27 and 105-12.
Support is at 104-12 and 104-07.. 

Precious Metals  

April Gold  
Recommended open Position Long
  298.2 
Support
 should appear at 292.8 and 288.3 to 287.4
Resistance
is at  295.4 and 297.2 to 299 

May Copper
Support should appear near 7430 to 7415 and 7355 to 7340  ..
Resistance should appear near o 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

                                                      The Exciting Energies  

                        
April Crude Oil
Support
should appear near 2322 to 2315 and 2275 to 2267.  
Resistance is at  2354 to 2370, beyond that sellers should appear near 2411 to 2419 and the 2461 to 2469 region..BW  Traders can sell at 2459 and hold for lower prices

April Unleaded Gas
Support should appear near 7515 to 7485 and 7430 to 7415. 
Resistance is at 7675 to 7690 and the 7765 to 7780 region..   

April Heating Oil 
Resistance is at 6165 to 6190, beyond that a test of  6255 to 6270 is likely 
Support
should appear near 6035 to 6025 and 5955 to 5945 

April Natural Gas

Resistance is at 2.663 to 2.672
Support
should appear near 2.568 to 2.552 
                                                

                                         The Lively Livestock 

April Live Cattle
Support should appear near 7512 to 7487 and 7452
Resistance
is at 7587 to 7602

April Hogs 
Recommended Open  BW Position Long at 5807
Support
is at 5792 and the 5732 to 5717.region. 
Resistance is at  5852 to 5882 and 5912 

June Hogs 
Support
is at 6592 to 6577   
Resistance
is at 6657 to 6672

May Pork Bellies
Support
should appear at the 8137 to 8117  and  the 8047 to 8027 region.. 
Resistance is at 8197 to 8222 and 8300 to 8317

-Stay tuned for Livestock and Belly Updates and Flashes-

                                                                         The Grande'  Grains 

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 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 to 282 3/4 and 285 1/4

 

The Satisfying Softs 

May Cocoa 
Resistance
is at 1496 and 1529 to 1535
Support
should appear near 1484 then 1472  and 1459 to 1453 

May
Coffee
Support is near 4925 to 4915 and 4855 to 4845..
Resistance should appear near  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
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 3625 to 3615 and 3565 to 3553 then 3505 to 3490 
Resistance is at 3735 to 3745 and 3855 to 3865
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 March 6th, 2002  
10:00 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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