FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Monday January 6th, 2003
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

"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 January 5th, 2003
1:00 PM Eastern Standard Time

The ‘Frenzied’ Forex Front

March Yen
Support should appear near 8352 and 8314 to 8300 a close under is negative and indicates a test of 8223 to 8195 and eventually the 8045 to 8025 region..
Resistance should appear near 8391 to 8406 a close over is friendly and augurs for a test of 8445.. Above that sellers should appear near the 8484 to 8499 region . BW Traders can sell at 8482 for a turn lower and risk a close over 8522 for three days in a row.

Aggressive BW Traders can go short if close under 8347 occurs…

March Euro Currency (EC)
Support should appear at 10360 to 10320 and 10285..BW Traders can buy at 10287 and hold for higher prices..
Resistance is at 10415, beyond that a test of 10470 and the1.0580 to 1.0630 region. is likely..
BW Traders should go long if a close over 1.0477 occurs..

March Swiss Franc
Recommended Open BW Position , Long 7223
Resistance should appear near 7170 and 7206
Support should appear near 7143 then 7115 and 7088 to 7074
BW Traders can buy at 7118 for a bounce and hold for higher prices.

March British Pound
Support should appear near 1.5926 and 1.5858 below that buyers should appear near 1.5760 to 1.5690
Resistance should appear near the 1.6090 to 1.6150 region

March Canadian Dollar
Support should appear near 6350 to 6337 and 6305
Resistance is at 6383 and 6417 to 6430

March Aussie Dollar
Recommended Open BW Position , Long 5637
Support is at 5608 and 5577 to 5553
Resistance is at 5640 to 5653 and 5716 to 5739

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8668 to 8683 and 8762 to 8777
Support should appear near 8589 to 8560.

March SP500
Resistance is at 914.00 to 915.60 and 923.60
Support should appear near 906.00 to 904.40

Nasdaq Composite
Nearby Resistance is at 1399 and 1415 to 1421
Support should appear near 1383 to 1377

March Mini Nasdaq 100
Resistance is at 1047.5 and the 1058 to 1068 region
Support is at 1032 and 1018.5 Which should contain a decline

March Ten Year T-Notes
Resistance should appear near 113-23 and 114-07
Support is at 113-07 and 112-23 .

The Precious Metals

Feb Gold
Recommended Open BW Position , Long 351.6
Support should appear at 350.3 to 349.3 and 344.3 to 342.5
Resistance is at 355.3 to 356.3 , beyond that an eventual test of the 361.3 to 362.3 region is likely.

March Copper
Recommended Open BW Position , Short 2 at 7170 avg
Support should appear near 7255 to 7240 and 7170 to 7145.
Resistance should appear near the 7325 to 7345 region and the 7415 to 7430 region

March Silver
Support should appear near 485.5 to 484 and 478.5 to 477.5
Resistance is at 491.5 to 492.5 and 497 to 499.5

The Exciting Energies
Feb Crude Oil
Support should appear near 3270 to 3261 and 3213 to 3194
Resistance is at 3319 to 3328. A close over is friendly and augurs for a test of 3377 to 3386 and eventually the 3425 to 3443 region.. Beyond that sellers should appear near 3493 to 3503. BW Traders should go long if a close over 3332 occurs..

Feb Unleaded Gas
Support should appear near 9155 to 9140 and the 9060 to 9045 region . Below that buyers should appear near 8875 to 8855 and contain a decline…
Resistance is at 9315 to 9345 . A close over is friendly and augurs for a test of 9425 to 9445 and the 9705 to 9735 region.. Beyond that a test of 9920 to 9935 is likely , which should cap a rally for a bit.. before an advance towards 10105 to 10135 occurs..
BW Traders should go long if a close over 9355 occurs..

Feb Heating Oil
Resistance is at 9225 a close over is friendly and augurs for a test of 9420 to 9450 and the 9625 to 9640 region. . Beyond that sellers should appear near 9820 to 9835
Support should appear near 9060 to 9045 and 8965 to 8935 …
BW Traders should go long if a close over 9255 occurs…

Feb Natural Gas
Resistance is at 5.344 to 5.356 and 5.418 to 5.430.
Support is at 5.211 to 5.200 and 5.139 to 5.127

The Lively Livestock

February Live Cattle
Recommended Open BW Position , short 7902
Resistance should appear near 8117 to 8137.
Support is at 8047 to 8027 .

February Lean Hogs
Recommended Open BW Position , short 5160
Support is at 5282 to 5257 , a close under is negative and augurs for a test of 5212 to 5197
Resistance is at 5342 to 5357 and 5417 to 5432. Beyond that sellers should appear near 5492 to 5507 and the 5552 to 5577 region . BW Traders can sell at 5492 and risk a close over 5587 for three days in a row,., Beyond that sellers should appear near 5637 to 5652 and 5717 to 5732..

February Pork Bellies
Recommended Open BW Position Long 2 at 8730 avg
Support should appear at 8772 to 8762 and 8682 to 8667.
Resistance is at 8857 to 8872 and the 8932 to 8967 region. A close over is friendly and augurs for a test of 9042 to 9062 ..Aggressive BW traders should go long if a close over 8972 occurs..

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Recommended Open BW Position , Long 565 3/4
Resistance is at 579 1/2 to 580 1/2 , beyond that sellers should appear near the 585 ½ to 588 region .. Support should appear near 573 to 571 3/4 and 565 1/4 to 564

March Soymeal
Recommended Open BW Position , Long at 172.0
Support should appear near 169.6 to 168.9 .
Resistance is at 173.1 to 173.8

March Soybean Oil
Recommended Open Position , Long at 2138
Resistance should appear near 2126 to 2134,
Support should appear near 2088 to 2080

March Corn
Resistance should appear near 237 and 241 1/4 to 242
Support should appear near 232 1/4 to 231 1/2

March Wheat
Recommended Open BW Position Long at 2 at 350 3/4
Resistance should appear at 331 3/4 to 332 3/4
Support is at 327 to 326 1/4

The Satisfying Softs
March Cocoa
Support is at the 2138 to 2126 and the 2088 to 2080 region , below that 2042 to 2034 should hold.
Resistance should appear near 2170 to 2185 and 2219 to 2226

March Coffee
Support is near 6115 to 6100 and 6035 to 6020.. Below that buyers should appear near 5880 to 5855 and contain a decline BW Traders can buy at 5890 and risk a close under 5705 for three days in a row.
Resistance should appear near 6190 and 6255 to 6270 . Beyond that sellers should appear near 6335 to 6350 , which should Cap a rally for a bit .. However a close over is friendly and augurs for a test of 6655 to 6675

BW Traders should go long if a close over 6195 occurs

March Sugar
Recommended Open BW Position , Long 761
Support should appear near 739 to 735 and 712 to 704
Resistance should appear near 751 and the 763 to 767 region..

March Cotton
Recommended Open BW Position , Long 5140
Support should appear near the 5140 to 5125 and the 4995 to 4975 region .
Resistance is at 5215 and the 5345 to 5355 region. .. A close over is friendly and augurs for a test of 5550 to 5575

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill
wil@futurescom.com
1-561-433-2995

Sunday Jan 5th, 2003
2:05 PM , South Florida Beach Time

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.