Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Friday March
8th, 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
Thursday
March
7th , 2002
9:00 PM Eastern Standard Time
The Frenzied Forex Front
March Yen
Recommended open BW position Short at 7762
Support should appear near 7777 to 7762.
and 7727
Resistance
should appear
near 7836 to 7864 .Beyond
that, resistance should appear near 7939 to 7954
Recommended open BW Position Long at 8832
Support
should appear at 8777 to 8762 and 8726.
Resistance is at 8816 and the 8856 to 8871 region.. Beyond that a test of the
8934 to 8964 region is
likely.
Resistance
should appear near 6023 to 6035
and 6101 to 6113.
Support
should appear near 5957 to 5942 and 5912
Support should appear near 1.4180 and 1.4150 .. which hold on a
bit of decline
Resistance is at 1.4272 and
1.4336..
June Canadian
Dollar
Support should appear
near 6305 and 6271 to 6256 and 6225.
Nearby Resistance is at the 6337 to 6350
region. .
June Aussie Dollar
Resistance should appear near 5259 to 5282..
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
June SP500
Resistance should appear near
1166.50 to 1169 and 1180.50.. .
Support should appear at 1157 and
1150 .
Stay Tuned for BW Updates and additional trades during the trading
sessions..
March SP500
Resistance should appear near
1164 then 1169 and 1180.50..
Support should appear at 1150 and
1143
Nasdaq
Composite
Resistance is at 1902 to
1909 and 1946 to 1953
Support
is at 1865 to 1858, under that a slip towards and 1840 and the 1822 to 1808
is likely.
June Mini
Nasdaq 100
Resistance is at 1529 to 1535 then 1552 and 1569 to 1576
Trade Accordingly and Stay
tuned….
June 10 Year
T-Note
Resistance should appear near 103-27 and 104-07.
Support is at 103-07 and 102-22.
Precious
Metals
April
Gold
Recommended
open Position Long
Support
should appear at 288.3 to 287.4
and 285.1
Resistance is at 290.4 and 292.8
to 293.70
May
Copper
Support should
appear near 7430 to 7415 and 7355 to 7340 ..
Resistance should appear near
7515 and 7585 to 7605
May
Silver
Support should appear near 444.5 to 442.5
and 438.5 to 437
Resistance is at 450 to 451.5 and 457.to 458.5
Stay tuned for
Updates
April Crude Oil
Support
should appear near 2354
and 2322 to
2315 then 2275 to
2267.
Resistance is at 2411 to 2419
and
the 2461 to 2469 region..
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 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 5807 to 5792 and the
5732 to 5717.region.
Resistance is at 5852 to
5882 and 5912
Support is at 6672 to 6657 and 6592 to 6577
Resistance is
at 6742
to 6757 and 6807 to 6837
May Pork
Bellies
Support should
appear at 8312 to 8297 then 8222
to 8192 and 8137 to 8117 .
-Stay tuned for Livestock and Belly Updates and Flashes-
May Soybeans
Resistance is at 463 3/4 to
465
Nearby Support should appear at 457 and 451 1/2 to 450 1/4
July Soybeans
Resistance is at 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 153.8 to
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 206 3/4. and 204 1/4 to 203 1/2
BW Traders
should go long if a close over 213 1/2 occurs..
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 1529
to 1535 and 1569 to 1576
Support should
appear near 1496 to1484 then 1472 and 1459 to 1453
May
Coffee
Support is near 4855 to 4845 and 4785 to 4775
Resistance should appear near 4915
to 4930 and 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 occurs
May Sugar
Support should appear near 593 then 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 3805 to 3795 and 3745 to 3735
Resistance
is
at 3855 to 3865 and 3910 to 3930 and 4045 to 4055
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
March 7th, 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2002 all rights reserved