FuturesCom
Investment Publications
Morning Comments Tuesday January 6th 2004
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 January 5th, 2004
2:00
PM Eastern time
The Frenzied Forex Front
March Yen
Recommended open position short 9417
Support should appear near 9429 and 9347 to 9316
Resistance should appear near the 9526 to 9543 region.
BW Traders should go short if a close under 9316 occurs
March Euro Currency (EC)
Recommended open position short 12672
Support should appear at 1.2530 and 1.2380 to 1.2320 ..
Resistance is at the1.2680 to 1.2740 region.
March Swiss
Franc
Recommended open position short at 8117
Resistance should appear near 8194
to 8223.
Support should appear
near 8119 and 8044 to 8029
Aggressive BW Traders should go short if a close under 7988 occurs
March
British Pound
Support should appear near 1.7940 and 1.7800 to 1.7740
Resistance should appear 1.8080 to 1.8220
March Canadian Dollar
Support should appear near 7777
to 7762 and 7689 to 7675
Resistance is at the 7836 to 7864
region. BW Traders can sell at 7833 and risk a close over
7957 for three days in a row.
BW Traders should go short if a close under 7671 occurs
March Aussie Dollar
Recommended open position short at 7582
Support should appear near 7601
to 7587
Resistance should appear near 7675 to
7689
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near10580 to 10630 and
10680
Support should appear near 10470 and 10360 to 10320
March SP500
Recommended Open Position Long 2 at 1111.8 avg
Resistance
should appear near the 1130.00 to 1136.00 region.
Support should appear near 1115.50 and the 1101 to 1096 region
Nasdaq Composite
Resistance should appear
near 2034 to 2042 and 2080 to 2089
Support should appear near 1996 to 1982 and 1953 to 1946
March Mini
Nasdaq 100
Resistance is at 1484 to 1496 and 1529 to 1535
Support is at 1459
to 1453 and 1421 to 1415
March 10 Year T-Note
Resistance should
appear near 111-22 and 112-07
Support
is
at 111-07 and 110-22..
Precious
Metals
February Gold
Support should appear at 423.8 and
418.3 to 416.3
Resistance is at 437 to 438
and 442.5 to 444.5
March Copper
Support should appear near 10820 and 10680 and 10630
Resistance should appear near 10960 to 11010 and 11300 to 11360
March Silver
Support should appear 619 to 616.5 and 603.5 to 602.5
Resistance is at 641.5 to 643 and 657 to 659
--Stay tuned for updates--
The
Exciting Energies
February
Crude Oil
Support should appear near
3328 to 3319 and 3213 to 3194
Resistance is at 3425 to 3443 and 3493 to 3503
February Unleaded
Gas
Resistance should appear near 9820 to 9835 and 10020 to 10035
Support should appear near 9640 to 9625 and 9345 to 9315
February
Heating Oil
Resistance should appear
near 9705 to 9735 then 9820 to 9835 and 10105 to 10135
Support should appear near 9545 to 9525 and 9445 to 9430
The
Lively Livestock
February
Live Cattle
Support should appear near 7512 to 7492 and 7432 to 7417
Resistance is at 7587
to 7602
April Cattle
Support should appear near 7257 to 7242 and 7172 to 7142
Resistance is at 7417
to 7432 and 7487 to 7512
February
Lean Hogs
Support is at 5577 to 5552 and 5507 to 5492
Resistance is at 5637 to 5652 , beyond that sellers should appear near 5717 to 5732
April Hogs
Recommended open position short at 5500
Support is at 5732 to 5717 and
5652 to 5637
Resistance is at 5807 and the 5852 to 5882 region.. Which
should cap a rally for a bit..
BW Traders can sell at 5852 and risk a close over 5962 for three days in a
row…
February Pork
Bellies
Recommended open position short 2 at 8657 avg
Support should appear near 8592 to 8562
Resistance is at
8762 to 8777 .. Beyond that sellers should appear near 8857 to 8872 and the 8937 to 8967 region.
The
Grande’ Grains
March Soybeans
Recommended open position short at 783 1/4
Resistance is at 802 1/2 to 804 1/2
and the 811 3/4 to 813 1/2 region
Support should appear at 795 1/2 to
793 3/4 and 777 3/4 to 775 1/4
March Soymeal
Support should appear near 241.9 to 241.1
Resistance should appear near 246.1 to 246.9 and 251.1 to 251.9
March Soybean Oil
Resistance should appear near 2874 to 2883.
Support should appear near 2829 to 2820
March Corn
Resistance should appear near 255 1/4 to 256 3/4
Support is at 252 to 251 1/4 and 246
3/4 to 246 1/4
March CBOT Wheat
Recommended open position short at 378 3/4
Support should
appear near 398 1/4 and 386 3/4 to 385 3/4
Resistance should appear near 404 3/4
to 405 3/4 and 411 to 412
The
Satisfying Softs
March the ‘Monster’ Coffee
Recommended open position long at 6380
Support is near 6755 to 6740 and 6670 to 6655
Resistance should appear near 6905 to 6920 and 6990 to 7005 .
March Cocoa
Support is at 1453 to 1459 and the 1421 to 1415 region
Resistance should appear near 1484 to
1496 and 1529 to
1535
March Sugar
Recommended open position short 580
Support should appear near 562 to 588 and the 538 to 534 region.
Resistance should appear near 582 to 586 and 601 to 609
March
Cotton
Recommended open position long at
7395
Support should appear near 7430 to 7415 and 7350 to 7335
Resistance should appear near 7585 to 7605 and 7675 to 7690
A Ship in Harbor is Safe.. But that is not what ships
are built for –
Happy
Trading!
Bill wil@futurescom.com
1-866-409-3890
Monday January 5th, 2004
3 00 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved
Terms
of Use