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 15th, 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 14th, 2003
5:15 PM eastern standard time

The ‘Frenzied’ Forex Front
March Yen
Recommended Open Position , Short at 8482
Support should appear near the 8445 and 8406 to 8391 a close under is negative and indicates a test of 8314 to 8300 then 8223 to 8195 and eventually the 8045 to 8025 region..

Resistance should appear near 8499 region. and 8560 to 8589
Aggressive BW Traders can go short if close under 8391 occurs…

March Euro Currency (EC)
Recommended Open Position , Long at 10556
Support should appear at 10525 and 10470 . Below that buyers should appear near 10415 and the 10360 to 10320 region , which should contain a decline for a bit ..BW Traders can buy at 10417 and risk a close under 10318 for three days in a row

Resistance is at the 1.0580 to 1.0630 region. Beyond that a test of 1.0680 is likely..
Aggressive BW Traders should go long if a close over 1.0634 occurs..

March Swiss Franc
Recommended Open Position , Long at 7118
Resistance should appear near 7243 to 7255 and the 7328 to 7342 region. …
Support should appear near 7208 and the 7170 to 7143 region . BW traders can buy at 7177 for a bounce and hold for higher prices.. Below that 7088 to 7074 should contain a decline
Aggressive BW traders should go long if a close over 7347 occurs.

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 1.5988 and the 1.6090 to 1.6150 region.
BW Traders should go long if a close over1.6170 occurs

March Canadian Dollar
Support should appear near 6430 to 6417, BW Traders can buy at 6431 and risk a close under 6377 for three days in a row…
Resistance is at 6483 to 6509 and 6577 to 6591 . Beyond that a test of 6659 to 6673 is likely.
BW Traders should go long if a close over 6516 occurs

March Aussie Dollar
Support is at 5805 to 5792 and 5729 to 5716…BW Traders can buy at 5737 and risk a close under 5702 for three days in a row .

Resistance is at 5855 to 5880 , a close over is friendly an augurs for a test of 5945 to 5957
Aggressive BW Traders should go long if a close over 5834 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8856 to 8871 beyond that sellers should appear near 8934 to 8964 and the 9044 to 9060 region where sellers should appear attempt to Cap an early rally.
Support should appear near 8777 to 8762 and the 8683 to 8668 region.

March SP500
Resistance is at 931.60 to 934.70 and 942.90 to 944.50. A close over is friendly and augurs for a test of 952.60 to 954.20 and the 962.50 to 964.10 region.. where sellers should be evident and cap an advance for a bit.
Support should appear near 923.60 , a close under is negative and augurs for a test of 915.60 to 914.00 and the 906.00 to 904.40 region. Below that buyers should appear near 887.10 to 885.60 , which should contain a decline

BW Traders should go short if a close under 923.40 occurs.

Nasdaq Composite
Nearby Resistance is at 1467 . Beyond that a test of 1484 to 1496 is likely and should cap a rally . Above that sellers should appear near 1529 to 1535
Support should appear near 1459 to 1453 and 1437..

March Mini Nasdaq 100
Resistance is at 1096 to 1101 and 1130 to 1136
Support is at 1068 to 1058 a close under is negative and augurs for a test of 1036 to 1032

March Ten Year T-Notes
Resistance should appear near 113-17 and 113-23
Support is at 113-04 and 112-23

The Precious Metals

Feb Gold
Recommended Open Position , Long at 351.4
Support should appear at 350.3 to 349.3 and the 344.3 to 342.5 region..
Resistance is at 355.3 to 356.3 and the 361.3 to 362.3 region ..
BW Traders should go long if a close over 356.8 occurs

March Copper
Recommended Open Position , short at 7315
Support should appear near 7585 and 7515 to 7485.
Resistance should appear near 7605 and the 7675 to 7690 region.
Aggressive BW Traders should go short if a close under 7405 occurs

March Silver
Recommended Open Position , Long at 481.5
Support should appear near 477.5 and the 471.5 to 469.5 region.
Resistance is at 484.5 to 485.5 and 491.5 to 493
Aggressive BW Traders should go long if a close over 494.5 occurs

The Exciting Energies

March Crude Oil
Support should appear near 3157 to 3148 and 3102 to 3092 . Below that Support is at 3045 to 3036.
Resistance is at 3194 to 3213 then 3261 to 3270 and the 3319 to 3328 region..

March Unleaded Gas
Support should appear near 8875 to 8855 and 8775 to 8760.
Resistance is at 9045 to 9060 . A close over is friendly and augurs for a test of 9315 to9345 ..

March Heating Oil
Resistance is at 8760 to 8780 a close over is friendly and augurs for a test of 8935 to 8965 and the 9040 to 9060 region. . Beyond that sellers should appear near 9315 to 9345
Support should appear near 8590 to 8560 and 8495 to 8480 Under that buyers should appear near 8405 to 8390

March Natural Gas
Nearby Resistance is at 5.127 to 5.139 and 5.200 to 5.210
Support is at 5.067 to 5.036 and 4.995 to 4.971..Below buyers should appear near 4.926 to 4.915.

The Lively Livestock

February Live Cattle
Resistance should appear near 8102 to 8117 and 8192 to 8227
Support is at 8047 to 8032 and the 7957 to 7932 region..

February Lean Hogs
Recommended Open Position , short at 5242
Support is at 5257 and 5212 to 5197.
Resistance is at 5342 to 5357

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 , a close over is friendly and augurs for a test of 8482 to 8502 and eventually the 8560 to 8587 region..

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Resistance is at 555 1/4 to 557 3/4 and 564 to 565 3/4..
Support should appear near 543 to 541 3/4 and the 535 3/4 to 534 1/2 region.. BW Traders can buy at
535 3/4 and risk a close under 525 1/4 for three days in a row..

March Soymeal
Support should appear near 161.5 to 160.9.. Below that buyers should appear near 157.6 to 156.9
Resistance is at 164.2 to 165.5 and 168.9 to 169.6.
BW Traders should go long if a close over 165.7 occurs.

March Soybean Oil
Resistance should appear near 2042 and 2080 to 2088
Support should appear near the 1996 to 1982 region.

March Corn
Resistance should appear near 231 1/2 and 232 1/4 and 235 1/2 to 237.
Support is at the 227 1/2 to 226 3/4region.

March Wheat
Support should appear at 310 1/4 to 309 1/2 which should contain the decline.. Under that buyers should appear near 304 1/2 to 303 3/4 |
Resistance is at 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4

The Satisfying Softs

March the ‘ Monster’ Coffee
Recommended Open Position, Long at 6315
Support is near 6430 to 6415 and 6350 to 6335. Below that buyers should appear near 6270 to 6255 and the 6190 to 6165 region. BW Traders can buy at 6195 and risk a close under 6095 for three days in a row.
Resistance should appear near 6510 then 6575 to 6590 and 6655 to 6675 , a close over is friendly and augurs for a test of 6810 to 6835 and eventually the 6990 to 7005 region..
BW Traders should go long if a close over 6680 occurs

March Cocoa
Support is at the 2042 to 2034 region.. BW Traders can buy at 2047 and hold for higher prices. Below that 1996 to 1982 should hold.
Resistance should appear near the 2080 to 2088 2126 to 2134
BW Traders should go long if a close over 2189 occurs.

March Sugar
Recommended Open Position , Long at 761
Support should appear near 763 then 751 and 739 to 735.

Resistance should appear near 767 and 777
Aggressive BW Traders should go long if a close over 779 occurs.

March Cotton
Support should appear near 5125 then 5065 to 5035 and the 4930 to 4915 region, which should hold..
BW Traders can buy at 5070 and risk a close under 5030 for three days in a row..

Resistance is at 5200 to 5215 and the 5345 to 5355 region. ..
BW Traders should go long if a close over 5220 occurs..

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, January 14th, 2003
6:15 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.