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 29th, 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 28th, 2003
3:00 PM eastern standard time

The ‘Frenzied’ Forex Front

March Yen
Recommended Open Position , Short at 8454
Support should appear near the 8406 to 8391 region, a close under is negative and indicates a test of 8314 to 8300 and eventually the 8223 to 8194 region..
Resistance should appear near 8484 to 8499 and 8560 to 8589..

March Euro Currency (EC)
Recommended Open Position , Long at 10832
Support should appear at 10780 and 10725. …BW Traders can buy at 10729 and hold for higher prices..
Below that buyers should appear near 10680 and the 10630 to 10580 region
Resistance is at 10820 then 10855 and 10890

March Swiss Franc
Resistance should appear near 7414 to 7428 and the 7486 to 7513 region. .
Support should appear near 7342 to 7328 and 7255 to 7242..BW Traders can buy at 7257 for a bounce and hold for higher prices.. Aggressive BW traders should go long if a close over 7432 occurs.

March British Pound
Recommended Open Position , Long at 1.6284
Support should appear near 1.6284 and 1.6150 to 1.6090
Resistance should appear near the 1.6420 to 1.6550 region.
BW Traders should go long if a close over 1.6558 occurs

March Canadian Dollar
Recommended Open Position , Long at 6544
Support should appear near 6509 to 6483
Resistance is at 6577 to 6591,
BW Traders should go long if a close over 6677 occurs

March Aussie Dollar
Recommended Open Position , Long at 5883
Support is at 5855 and 5830 Under that buyers should appear near 5805 to 5791.
Resistance is at 5880 then 5912 and 5945 to 5957
Aggressive BW Traders should go long if a close over 5961 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8119 to 8134 and the 8194 to 8223 region.. Beyond that sellers should appear near 8300 to 8315 and Cap a rally..
Support should appear near 8044 to 8029 and the 7954 to 7939 region...

March SP500
Resistance is at 858.90. Beyond that sellers should appear near 866.80 to 868.30 and the 876.20 to 877.70 region.
Support should appear near 856.00 and 849.90 to 848.40 Below that buyers should appear near 840.60 to 839.10 which should contain a decline for a bit..

Nasdaq Composite
Resistance is at 1346 then 1361.5 and 1377 to 1383
Support should appear near the 1334 and the 1310 to 1304 region...

March Mini Nasdaq 100
Resistance is at 1018.5 and 1032 to 1036
Support is at 1000 then 994.00 to 992.00 and the 983.50 to 982.00.region

March Ten Year T-Notes
Resistance should appear near the 114-07 and 114-23
Support is at 113-23 and 113-16 . A close under is negative and augurs for a test of 113-07 and 112-23 ,
which should contain a decline for a bit.

The Precious Metals

April Gold
Recommended Open Position , Long at 368.3
Support should appear at 368.2 to 366.3 and the 362.3 to 361.3 region..

Resistance is at 373.6 to 374.3 and the 379.5 to 380.6 region
BW Traders should go long if a close over 374.7 occurs

March Copper
Recommended Open Position , short at 7600
Support should appear near 7515 to 7485 and 7430 to 7415
Resistance should appear near 7605 then 7675 to 7690 and 7760 to 7775

March Silver
Recommended Open Position , Long at 481.5
Support should appear near 485.5 to 484.5 and 478.5 to 477.5.
Resistance is at 491.5 to 493 and 497.0 to 499.5
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 . Below that Support is at 3157 to 3148 and the 2102 to 3094 region. Which should contain a decline.
Resistance is at 3270 the 3319 to 3328 region..

March Unleaded Gas
Support should appear near 9230 and 9155 to 9140 . Below that buyers should appear near the 9060 to 9045 region .
Resistance is at 9315 to 9345 and 9425 to 9445.

March Heating Oil
Resistance is at 9045 to 9060 and 9140 to 9155
Support should appear near 8965 to 8935 then 8870 to 8855 and the 8780 to 8765 region

March Natural Gas
Support is at 5.282 to 5.259 then 5.210 to 5.200 and 5.139 to 5.127 ..
Resistance is at 5.356 then 5.418 to 5.430 and 5.492 to 5.504

The Lively Livestock

April Live Cattle
Resistance should appear near 7837 to 7867 , beyond that sellers should appear near the 7937 to 7957.
region and cap the rally for a while..
Support is at 7777 to 7762 and 7687.

April Lean Hogs
Support is at 5507 to 5492 which should hold for a bit .. below that buyers should appear near 5432 to 5417 and the 5357 to 5342 region.

Resistance is at 5552 to 5577 and 5637 to 5652..
BW Traders should go short if a close under 5487 occurs.

June Lean Hogs
Recommended Open BW Position Long 2 at 6320
Support is at 6192 to 6167 and the 6117 to 6102 region.
Resistance is at 6257 to 6272

March Pork Bellies
Recommended Open BW Position Long 2 at 7922 avg
Support should appear at 7957 to 7937 and 7867 to 7837 .

Resistance is at 8027 to 8042 and 8117 to 8137

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Resistance is at 579 ½ to 580 ½
Support should appear near 571 3/4 and 565 1/4 to 564
BW Traders should go long if a close over 573 3/4 occurs.

March Soymeal
Recommended Open Position , Long at 172.4
Support should appear near 169.6 to 168.9
Resistance is at 173.1 to 173.8 and 175.6

March Soybean Oil
Resistance should appear near 2080 to 2088
Support should appear near 2042 to 2034 and the 1996 to 1982 region. BW Traders can buy at 2043 and hold for higher prices…
BW Traders should go long if a close over 2092 occurs.

March Corn
Resistance should appear near 241 1/4 to 242
Support is at the 237 to 235 1/2 and 232 ¼ to 231 ½

March Wheat
Recommended Open Position , Long at 316 1/2
Support should appear at 315 3/4 to 314 3/4 and 310 1/4 to 309 1/2.
Resistance is at 319 1/2 to 321 1/4 and the 326 1/4 to 327 region .
BW Traders should go long if a close over 321 3/4 occurs.

The Satisfying Softs

March the ‘ Monster’ Coffee
Recommended Open Position, Long 2 at 6745 avg
Support is near 6510 to 6485 and 6430 to 6415
Resistance should appear near 6575 to 6590 and 6655 to 6670.
BW Traders should go long if a close over 6845 occurs

March Cocoa
Recommended Open Position, Long at 2229
Support is at 2275 to 2267 and 2226 to 2219
Resistance should appear near 2315 2322 and the 2354 to 2370 region.

March Sugar
Recommended Open Position , Long 2 at 813 avg
Support should appear near 823 to 814 and 791 to 795 .
Resistance should appear near 847 to 852 and the 877 to 882 region.

March Cotton
Recommended Open Position , Long at 5070
Support should appear near the 4995 to 4975 and the 4930 to 4915 region, which should hold..
Resistance is at 5035 to 5065 and 5125 to 5140 , a close over augurs for a test of 5200 to 5215
BW Traders should go long if a close over 5145 occurs..

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill
wil@futurescom.com

Tuesday, January 28th, 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.