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, Tuesday February 4th, 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

Monday, Feb 3rd , 2003
3:00 PM eastern standard time

The ‘Frenzied’ Forex Front

March Yen
Support should appear near 8314 to 8300 and 8261
Resistance should appear near 8345 and 8391 to 8406.

March Euro Currency (EC)
Recommended Open Position , Long 2 at 10780 avg
Support should appear at 10750 then 10715 and the 10680 to 10630 region
Resistance is at 10785 and 10820

March Swiss Franc
Resistance should appear near 7378 and 7414 to 7428 .
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.. Below that 7170 to 7140 should contain a decline
BW traders should go long if a close over 7432 occurs.

March British Pound
Support should appear near 1.6326 and 1.6286
Resistance should appear near 1.6420 and 1.6484 to 1.6550.
BW Traders should go long if a close over 1.6558 occurs

March Canadian Dollar
Support should appear near 6577 then 6543 and the 6509 to 6483 region
Resistance is at 6591 and 6659 to 6672
BW Traders should go long if a close over 6677 occurs

March Aussie Dollar
Recommended Open Position , Long at 5883
Support is at 5805 to 5791.
Resistance is at 5855 to 5880
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 then 8164 and 8194 to 8223
Support should appear near 8081 then 8044 to 8029 and 7991

March SP500
Resistance is at 866.80 to 868.30 and 876.20 to 877.70.
Support should appear near 856.00 and 849.90 to 848.40

Nasdaq Composite
Resistance is at 1334 to 1346 and 1377 to 1383
Support should appear near 1310 to 1304 and 1274 to 1268 .

March Mini Nasdaq 100
Nearby Resistance is at 992.00 top 994.00 and 1000.00 to 1005.00
Support is at 983.50 to 982.00 and 974.00 to 970.50

March Ten Year T-Notes
Resistance should appear near 114-07 then 114-23 and 115-07
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 379.5 to 380.6
BW Traders should go long if a close over 374.7 occurs

March Copper
Support should appear near 7865 to 7835 and 770 to 7760
Resistance should appear near 7945 to 7955 and 8030 to 8045

March Silver
Recommended Open Position , Long at 481.5
Support should appear near 478.5 to 477.5
Resistance is at 484.5 to 485.5
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 and 3213 to 3194 .
Resistance is at 3319 to 3328 and 3377 to 3386

March Unleaded Gas
Support should appear near 9545 to 9525 and 9445 to 9425
Resistance is at 9625 to 9640 and 9705 to 9735

March Heating Oil
Resistance is at 9235 and 9305 to 9335
Support should appear near 9155 to 9140 and 9060 to 9045 ..

March Natural Gas
Support is at 5.729 to 5.715 and 5.653 to 5.640 .
Resistance is at 5.790 to 5.805 and 5.855 to 5.880

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 5492 then 5432 to 5417 and 5357 to 5342.
Resistance is at 5552 to 5577 and the 5637 to 5652 region

June Lean Hogs
Support is at 6192 to 6162 and 6117 to 6102
Resistance is at 6257 to 6272 and 6337 to 6352

March Pork Bellies
Recommended Open BW Position Long 8000
Support should appear at 8317 to 8292 then 8222 to 8192 and 8137 to 8117 .
Resistance is at 8392 to 8407 and the 8282 to 8502 region. .

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Support is at 565 1/4 to 564 and 555 3/4 to 554 3/4
Resistance should appear near 571 3/4 to 573 and 579 1/2 to 580 1/2
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 and 165.5 to 164.2
Resistance is at 173.1 to 173.8 and 177.4 to 178.0

March Soybean Oil
Recommended Open Position , Long at 2043
Resistance should appear near 2088 and the 2126 to 2134 region
Support should appear near 2042 to 2034 and the1996 to 1982 region.
BW Traders should go long if a close over 2092 occurs.

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 323 1/2
Support should appear at 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4
Resistance is at 326 1/4 to 327 and the 331 3/4 to 332 3/4 region

The Satisfying Softs

March the ‘ Monster’ Coffee
Recommended Open Position, Long at 6680
Support is near 6590 to 6575 and 6510 to 6480
Resistance should appear near 6655 to 6675 and 6740 to 6755

March Cocoa
Support is at 2370 to 2354 and 2322 to 2315
Resistance should appear near 2411 to 2419 and 2461 to 2469

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 5150
Support should appear near the 5215 to 5200 and 5140 to 5125 .
Resistance is at 5255 to 5285 and 5345 to 5355

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

Happy Trading!
Bill
wil@futurescom.com

Monday, Feb 3rd, 2003
3:50 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.