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, Thursday January 9th, 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

Wed January 8th, 2003
3:45 PM Eastern Standard Time

The ‘Frenzied’ Forex Front

March Yen
Recommended Open BW Position , Short 8323
Support should appear near 8406 to 8391
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.

March Euro Currency (EC)
Support should appear at 10415 and 10360 to 10320.
Resistance is at 10470.. and the1.0580 to 1.0630 region. Beyond that a test of 1.0680 is likely.. A close over augurs for a test of 108.20 and the 10960 to 110.10 region, where sellers should appear and Cap a rally.. BW Traders should go long if a close over 1.0477 occurs..

March Swiss Franc
Recommended Open BW Position , Long 2 at 7170 avg
Support should appear near 7170 to 7140 and 7115
Resistance should appear near 7242 to 7255, an extended trade or close over is friendly and augurs for a test of the 7328 to 7342 region.

March British Pound
Support should appear near 1.6026 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 5729 to 5716 and 5683
Resistance is at 5759 and 5792 to 5805

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 and 8499 to 8484

March SP500
Resistance is at 914.00 to 915.60 then 923.60 and 931.60 to 934.70
Support should appear near 906.00 to 904.40 and 896.40 to 893.40

Nasdaq Composite
Nearby Resistance is at 1415 to 1421 and 1437
Support should appear near 1399 and the 1383 to 1377 region.

March Mini Nasdaq 100
Resistance is at 1047.50 and the 1058.00 to 1068.00 region.
Support is at 1036 to 1032 and 1005 to 1000

March Ten Year T-Notes
Resistance should appear near 114-07 and 114-22
Support is at 113-23 and 113-07

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 a test of 361.3 to 362.3

March Copper
Recommended Open BW Position , Short 2 at 7170 avg
Support should appear near 7430 to 7415 and 7345 to 7325.
Resistance should appear near 7485 to 7515 and the 7585 to 7605 region

March Silver
Support should appear near 485.5 to 484.5 and 478.5 to 477.5
Resistance is at 491.5 to 492.5 and 497.5 to 499.5

The Exciting Energies
Feb Crude Oil
Support should appear near 3045 to 3036
Resistance is at 3092 to 3102

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 8390 to 8405 and 8560 to 8590
Support should appear near 8315 to 8300 and 8135 to 8115

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 8117 to 8137 and 8197 to 8227
Support is at 8047 to 8032 .

February Lean Hogs
Recommended Open BW Position , short 5160
Support is at 5197 and 5142 to 5127 then 5067 to 5037
Resistance is at 5212 and 5257 to 5282.

February Pork Bellies
Recommended Open BW Position Long 2 at 8730 avg
Support should appear at 8317 to 8297 and 8227 to 8192
Resistance is at 8392 to 8407 and 8482 to 8502 ..

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Resistance is at 585 1/2 to 588
Support should appear near 580 1/2 to 579 1/4 and 573 to 571 3/4

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 2170 to 2185,
Support should appear near 2134 to 2126 and 2088 to 2080

March Corn
Resistance should appear near 246 1/4 to 246 3/4
Support should appear near 242 to 241 1/4

March Wheat
Recommended Open BW Position Long at 340 1/4
Resistance should appear at 337 3/4 to 338 3/4 and 342 1/2 to 344 1/2
Support is at 332 3/4 to 331 3/4 and 321 1/4 to 319 1/2

The Satisfying Softs
March Cocoa
Support is at the 2088 to 2080 and 2042 to 2034
Resistance should appear near 2126 to 2134

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 6415 to 6430

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

March Cotton
Support should appear near the 5140 to 5125 and 5065 to 5035 .
Resistance is at 5200 to 5215 and 5255 to 5280

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

Wed Jan 8th, 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.