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, Friday January 10th, 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

Thursday January 9th, 2003
3:00 PM Eastern Standard Time

The ‘Frenzied’ Forex Front

March Yen
Support should appear near 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.

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 7118
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 1.5926 and 1.5882
Resistance should appear near 1.6012 and the 1.6090 to 1.6150 region

March Canadian Dollar
Support should appear near 6383 and 6350 to 6337
Resistance is at 6430 and 6456

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 8777 and 8856 to 8871
Support should appear near 8689 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 915.60 to 914.00

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

March Mini Nasdaq 100
Resistance is at 1096 to 1101 and 1115.50 .
Support is at 1068 to 1058

March Ten Year T-Notes
Resistance should appear near 112-23 and 113-07
Support is at 112-07 and 111-23

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 a test of 361.3 to 362.3

March Copper
Recommended Open BW Position , Short 2 at 7170 avg
Support should appear near 7585 and 7430 to 7415.
Resistance should appear near 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 3157 to 3148
Resistance is at 3261 to 3270

Feb Unleaded Gas
Resistance should appear near 9044 to 9060 and 9140 to 9156
Support is at 8935 and 8870 to 8855 below that 8590 to 8560 should hold. .

Feb Heating Oil
Resistance is at 8760 to 8780 and the 8935 to 8965 region. Beyond that a test of 9140 to 9155 is likely.
Support should appear near 8590 to 8560 and 8315 to 8300

Feb Natural Gas
Resistance is at 5.340 to 5.356 and 5.418 to 5.430
Support is at 5.282 to 5.259 and 5.211 to 5.200

The Lively Livestock

February Live Cattle
Resistance should appear near 8197 to 8227 and 8297 to 8317
Support is at 8137 to 8117 .

February Lean Hogs
Recommended Open BW Position , short 5160
Support is at 5282 to 5257
Resistance is at 5342 to 5357 and 5417 to 5432 .

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 580 1/2 and 585 1/2 to 588
Support should appear near 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 2126 to 2134
Support should appear near 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 331 3/4 to 332 3/4
Support is at 327 to 326 1/4 and 321 1/4 to 319 1/2

The Satisfying Softs
March Cocoa
Resistance is at the 2170 to 2185 and 2219 to 2226
Support should appear near 2126 to 2134 and 2088 to 2080

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 751 and 739 to 735
Resistance should appear near the 763 to 767 and the 791 to 795 region. ..

March Cotton
Support should appear near the 5065 to 5035 and 4995 to 4975.
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

Thursday Jan 9th, 2003
3:45 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.