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, Wed January 8th, 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

Tuesday January 7th, 2003
3:45 PM Eastern Standard Time

The ‘Frenzied’ Forex Front

March Yen
Recommended Open BW Position , Short 8323
Support should appear near 8314 to 8300 and the 8223 to 8194 region
Resistance should appear near 8352 and 8391 to 8406

March Euro Currency (EC)
Support should appear at 10360 to 10320.
Resistance is at 10415 and 10470.
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 1.5886
Resistance should appear near 1.6026 and 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
Support is at 5683 and 5653 to 5640
Resistance is at 5716 to 5729

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8762 to 8777 and 8856 to 8871
Support should appear near 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 1082 and the 1096 to 1101 region
Support is at 1068 to 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 344.3 to 342.5
Resistance is at 349.3 to 350.3

March Copper
Recommended Open BW Position , Short 2 at 7170 avg
Support should appear near 7325 and 7255 to 7240.
Resistance should appear near 7415 to 7430 and the 7485 to 7515 region

March Silver
Support should appear near 478.5 to 477.5
Resistance is at 484.5 to 485.5

The Exciting Energies
Feb Crude Oil
Support should appear near 3102 to 3092 and 3045 to 3036
Resistance is at 3148 to 3157 and 3194 to 3213

Feb Unleaded Gas
Support should appear near 8405 to 8390 and 8315 to 8300
Resistance is at 8485 to 8500and 8560 to 8590 .

Feb Heating Oil
Resistance is at 8665 to 8690 and 8760 to 8775
Support should appear near 8500 to 8480 and 8410 to 8390

Feb Natural Gas
Resistance is at 5.200 to 5.211 and 5.259 to 5.282
Support is at 5.139 to 5.127 and 5.067 to 5.036

The Lively Livestock

February Live Cattle
Resistance should appear near 8197 to 8227
Support is at 8137 to 8117 .

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 8227 to 8192
Resistance is at 8302 to 8317. ..

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Resistance is at 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 241 1/4 to 242
Support should appear near 237 to 235 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 6415 to 6430 and 6480 to 6510

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

Tuesday Jan 7th, 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.