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 30th, 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

Wed, January 29th, 2003
3:45 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
Support should appear near 1.6326 then 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 866.80 to 868.30 then 876.20 to 877.70 and the 886.60 to 887.10 region.
Support should appear near 858.90 to 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 1361.5 and 1377 to 1383
Support should appear near 12346 to 1334.

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 366.3 and the 362.3 to 361.3 region..

Resistance is at 368.3 and 373.6 to 374.3
BW Traders should go long if a close over 374.7 occurs

March Copper
Recommended Open Position , short at 7600
Support should appear near 7605 to 7585 and 7515 to 7485
Resistance should appear near 7675 to 7690 and 7760 to 7775

March Silver
Recommended Open Position , Long at 481.5
Support should appear near 478.5 to 477.5.and 471.5 to 469.5
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 3328 to 3319 and 3270 to 3261 .
Resistance is at 3377 to 3386 and 3425 to 3443 .

March Unleaded Gas
Support should appear near 9545 to 9525 and 9345 to 9315 .
Resistance is at 9705 to 9735 and 9820 to 9835

March Heating Oil
Resistance is at 9425 to 9445 and 9520 to 9545
Support should appear near 9315 and 9235, below that 9155 to 9140 should hold ..

March Natural Gas
Support is at 5.577 to 5.553 and 5.504 to 5.492.
Resistance is at 5.716 to 5.729 and 5.790 to 5.805

The Lively Livestock

April Live Cattle
Resistance should appear near 8027 to 8047 and 8117 to 8132
Support is at 7957 to 7937 and 7867 to 7837.

April Lean Hogs
Support is at 5652 to 5637 and 5577 to 5552.

Resistance is at 5717 to 5732 and 5792 to 5807.

June Lean Hogs
Support is at 6352 to 6337 and 6272 to 6257
Resistance is at 6417 to 6492 and 6482 to 6512

March Pork Bellies
Recommended Open BW Position Long 8000
Support should appear at 8137 to 8117 and 8047 to 8027. .
Resistance is at 8227 and 8297 to 8317 and the 8392 to 8407 region.

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Resistance is at 555 ¾ to 554 ¾ BW. Traders can buy at 556 ½ and hold for higher prices. Under that buyers should appear near 543 to 541 ¾ .
Support should appear near 564 to 565 1/4

March Soymeal
Recommended Open Position , Long at 172.4
Support should appear near 165.5 to 164.2
Resistance is at 168.9 to 169.6

March Soybean Oil
Recommended Open Position , Long at 2043
Resistance should appear near 2034 to 2042
Support should appear near the 1996 to 1982 region.

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

March Wheat
Recommended Open Position , Long at 316 1/2
Support should appear at 310 1/4 to 309 1/2. and 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.
BW Traders should go long if a close over 321 3/4 occurs.

The Satisfying Softs

March the ‘ Monster’ Coffee
Recommended Open Position, Long at 6680
Support is near 6272 to 6257 and 690 to 6165
Resistance should appear near 6415 to 6430 and 6480 to 6510 .

March Cocoa
Support is at 2322 to 2315 and 2275 to 2267
Resistance should appear near 2354 to 2370 and the 2411 to 2419 region.

March Sugar
Recommended Open Position , Long 838
Support should appear near 852 to 847 and 823 to 814 .
Resistance should appear near 877 to 882 and 907 to 912.

March Cotton
Recommended Open Position , Long at 5070
Support should appear near the 5065 to 5035 and 4995 to 4975..
Resistance is at 5140 then 5200 to 5215 and 5255 to 5285
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

Wed, January 29th, 2003

4:51 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.