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 24th, 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

Friday January 24th, 2003
4:30 AM 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)
Support should appear at 10725 then 10680 and 10630
Resistance is at 10790 and 10820
.

March Swiss Franc
Recommended Open Position , Long at 7355
Resistance should appear near 7378 and 7414 to 7428.
Support should appear near 7342 to 7328 and 7306
.

March British Pound
Support should appear near 1.6150 to .6090 and 1.6002 .. below that 1.5922 should contain a decline
Resistance should appear near 1.6260 and the 1.6420 to 1.6550 region
BW Traders should go long if a close over1.6170 occurs

March Canadian Dollar
Recommended Open BW Position Long 6544
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.

March Aussie Dollar
Support is at 5880 to 5855 and 5830
Resistance is at 5945 to 5957

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 1399 and 1415 to 1421
Support should appear near 1383 to 1377

March Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1047.5
Support is at 1018.5 then 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
Support should appear at 362.3 to 361.3 and 356.3 to 355...
Resistance is at 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 478.5 to 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 3213 to 3194 and 3157 to 3148.
Resistance is at 3261 to 3270 and 3319 to 3328.

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 8855 then 8780 to 8760 and 8590 to 8560

March Natural Gas
Resistance is at 5492 to 5504 and 5553 to 5577
Support is at 5430 to 5418 and 5356 to 5344.
The Lively Livestock

February Live Cattle
Resistance should appear near 8027 to 8047.
Support is at 7957 to 7937

April Lean Hogs
Support is at 5577 to 5552 and 5507 to 5492
Resistance is at 5637 to 5652 and 5717 to 5727

June Lean Hogs
Recommended Open BW Position Long 6320

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
Recommended Open BW Position Long 2229
Support is at the 2226 to 2219 then 2185 to 2170 and 2134 to 2126
Resistance should appear near the 2267 to 2275 and 2315 to 2322

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 4995 to 4975 and 4925 to 4915
Resistance is at 5035 to 5065 and 5125 to 5140 .

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
Friday January 24th, 2003
5:25 AM , 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.