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 23rd, 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

Courage in a Speculator is merely confidence to act on the decision of his mind

Wed January 22nd, 2003
2:30 PM eastern standard time

The ‘Frenzied’ Forex Front
March Yen
Support should appear near 8445 and 8406 to 8391
Resistance should appear near 8484 to 8499 and 8560 to 8589

March Euro Currency (EC)
Recommended Open Position , Long at 10692
Support should appear at 10680 then 10630 ad 10580
Resistance is at 10730 and10820
.

March Swiss Franc
Resistance should appear near 7342 then 7378 and 7414 to 7428.
Support should appear near 7328 then 7306 and 7255 to 7242.
Aggressive BW traders should go long if a close over 7347 occurs.

March British Pound
Support should appear near 1.6090 and 1.6002 .. below that 1.5922 should contain a decline
Resistance should appear near 1.6150 region. A close over indicates a test of 1.6260 and eventually the 1.6420 to 1.6550 region BW Traders should go long if a close over1.6170 occurs

March Canadian Dollar
Support should appear near 6509 to 6483 and 6430 to 6417, BW Traders can buy at 6431 and risk a close under 6377 for three days in a row…
Resistance is at 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 5830 and 5805 to 5790
Resistance is at 5855 to 5880.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8391 to 8406 and 8484 to 8499 . .
Support should appear near 8314 to 8300 and 8223 to 8194

March SP500
Resistance is at 885.60 to 887.10 then 893.40 to 896.40 and 904.40 to 906.00
Support should appear near 877.70 to 876.20 and the 858.90 to 856.00 region, which should contain a decline.

Nasdaq Composite
Nearby Resistance is at 1377 to 1383 and 1399
Support should appear near 1361.5 and 1346 to 1334

March Mini Nasdaq 100
Resistance is at 1018.5 and 1032 to 1036
Support is at 1005 to 1000 and 993.50 to 992.00

March Ten Year T-Notes
Resistance should appear near 114-23 and 115-07
Support is at 114-07 then 113-23 and 113-04

The Precious Metals

Feb Gold
Recommended Open Position , Long at 358.1
Support should appear at 356.3 to 355.3 and 350.3 to 349.3..
Resistance is at 361.3 to 362.3 and the 366.3 to 368.2 region

March Copper
Support should appear near 7690 to 7675 and 7605 to 7585.
Resistance should appear near 7760 to 7775 and the 7835 to 7865 region.

March Silver
Support should appear near 484.5 then 478.5 to 477.5 and the 471.5 to 469.5 region.
Resistance is at 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 3270 to 3261 then 3213 to 3194 and 3157 to 3148.
Resistance is at 3319 to 3328 and the 3377 to 3386 region. region..

March Unleaded Gas
Support should appear near 9045 then 8965 to 8935 and 8875 to 8855.
Resistance is at 9140 to 9155 then 9235 and 9315 to9345 ..

March Heating Oil
Resistance is at 8935 to 8965 and the 9040 to 9060 region. . Beyond that sellers should appear near 9315 to 9345
Support should appear near 8870 to 8855 then 8780 to 8760 and 8590 to 8560

March Natural Gas
Resistance is at 5.640 to 5.653 and 5.716 to 5.725
Support is at 5577 to 5553 and 5504 to 5492 .
The Lively Livestock

February Live Cattle
Resistance should appear near the 8117 to 8137 region.
Support is at 8027 then 7992 and 7957 to 7937

April Lean Hogs
Support is at 5507 to 5492 and 5432 to 5417
Resistance is at 5557 to 5577 and 5637 to 5652

February Pork Bellies
Support should appear at 7957 to 7937 and 7867 to 7832
Resistance is at 8027 to 8047 and 8117 to 8137

March Pork Bellies
Recommended Open BW Position Long 7845

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Resistance is at 564 to 565 1/4 and 571 3/4 to 572 1/2
Support should appear near 557 3/4 to 555 1/4 and 550 1/4 to 549 1/2

March Soymeal
Support should appear near 165.5 to 164.2 and 161.5 to 160.9
Resistance is at 168.9 to 169.6.

March Soybean Oil
Resistance should appear near 2080 to 2088
Support should appear near the 2042 to 2034 and the 1996 to 1982 region.

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

March Wheat
Support should appear at 310 1/4 to 309 1/2
Resistance is at 319 1/2 to 321 1/4..

The Satisfying Softs

March the ‘ Monster’ Coffee
Recommended Open Position, Long at 6815
Support is near 6755 to 6740 then 6670 to 6655 and 6590 to 6575
Resistance should appear near 6835 and the 6990 to 7005 region..

March Cocoa
Support is at the 2134 to 21256 and 2088 to 2080
Resistance should appear near the 2170 to 2185 and 2219 to 2226
BW Traders should go long if a close over 2189 occurs.

March Sugar
Recommended Open Position , Long at 787
Support should appear near 767 to 763 and 751
Resistance should appear near 779 and the 791 to 795 region .

March Cotton
Recommended Open Position , Long at 5070
Support should appear near 4915 and 4855 to 4845
Resistance is at 4975 to 4995 and 5035 to 5065..

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 January 22nd, 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.