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, Tuesday January 7th, 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

Monday January 6th, 2003
3:30 PM Eastern Standard Time

The ‘Frenzied’ Forex Front

March Yen
Support should appear near 8406 to 8391 and 8352.
Resistance should appear near 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 10415 and 10360 to 10320.
Resistance is at 10470 and the1.0580 to 1.0630 region.
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 7206 and 7242 to 7253
Support should appear near 7170 to 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 1.5968 and 1.5926
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 6417 to 6430

March Aussie Dollar
Support is at 5717 and 5683
Resistance is at 5739 and the 5855 to 5880 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8777 and 8856 to 8871
Support should appear near 8762 and 8683 to 8668

March SP500
Resistance is at 931.60 to 934.70 and 942.90 to 944.50
Support should appear near 923.60 and the 915.60 to 914.00 region.

Nasdaq Composite
Nearby Resistance is at 1437 and 1453 to 1459
Support should appear near 1421 to 1415

March Mini Nasdaq 100
Resistance is at 1068 then 1082 and the 1096 to 1101 region
Support is at 1058 and 1047.5

March Ten Year T-Notes
Resistance should appear near 113-21 and 114-07
Support is at 113-04 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 7345 to 7325 and 7255 to 7240.
Resistance should appear near 7415 to 7430 and the 7485 to 7515 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 3213 to 3194 and 3157 to 3148
Resistance is at 3261 to 3270

Feb Unleaded Gas
Support should appear near 8780 to 8765 then 8685 to 8665 and the 8590 to 8560 region.
Resistance is at 8935 to 8965 and 9040 to 9060 .

Feb Heating Oil
Resistance is at 8930 to 8965 and 9140 to 9155
Support should appear near 8875 to 8855 and 8780 to 8760.

Feb Natural Gas

Resistance is at 4.995 and 5.127 to 5.139 .
Support is at 4.926 to 4.915 and 4.856 to 4.845

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 5142 to 5127 then 5067 to 5037 and 4997 to 4972 region, which should hold..
BW Traders can buy at 5002 for a turn higher and hold for higher prices.. Risk a close under 4907 for three days in a row.
Resistance is at 5197 to 5212 and 5257 to 5282.

February Pork Bellies
Recommended Open BW Position Long 2 at 8730 avg
Support should appear at 8407 to 8392 and 8317 to 8300
Resistance is at 8662 to 8682 and 8777 to 8762. ..

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
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
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 and 337 3/4 to 338 3/4
Support is at 327 to 326 1/4

The Satisfying Softs
March Cocoa
Support is at the 2185 to 2170 and 2138 to 2126
Resistance should appear near 2219 to 2226 and 2267 to 2275

March Coffee
Recommended Open BW Position Long at 6325
Support is near 6270 to 6255 and 6195 to 6165 .
Resistance should appear near 6335 to 6350 and augurs 6415 to 6430

March Sugar
Recommended Open BW Position , Long 761
Support should appear near 751 then 739 to 735 and 712 to 704
Resistance should appear near 763 to 767 and the 791 to 795 region. ..

March Cotton
Recommended Open BW Position , Long 5140
Support should appear near the 5065 to 5035 and the 4995 to 4975 region .
Resistance is at 5125 to 5140 and 5200 to 5215

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

Monday Jan 6th, 2003
4:30 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.