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 7th  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


Tuesday January 6th, 2004
2:30 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.

March Euro Currency (EC)
Recommended open position short 12720
Support
should appear at 12680 and 1.2530 .
Resistance
is at  1.3040 to 1.3100

March Swiss Franc
Recommended open position short at 8117
Resistance should appear near 8194 to 8223
Support  should appear near 8134 to 8119  

March  British Pound
Support
should appear near 18080 and .1.7800 to 1.7740
Resistance should appear 1.8220 and 18580 to 18650

March Canadian Dollar
S
upport should appear near 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.

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 1117.90 avg
R
esistance
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  2080 to 2089 and 2126 to 2134
Support should appear near 2042 to 2034 and the 1996 to 1982 region 

March  Mini Nasdaq 100
Resistance
is at 1529 to 1535 
Support is at  1496 to 1484  

March 10 Year T-Note
Resistance
should appear near 112-22 and 113-07 
Support is at  111-23 and 111-07.

                                                                            Precious Metals

February Gold
Support should appear at 418.3 to 416.3 and 412.0 to 411.0
Resistance is at 423.8 to 424.9 and 430.4  to 431.5  

March Copper
Support should appear near 10680 and 10630 and 10580
Resistance
should appear near 10820 and 10960 to 11010  

March Silver
Support
should appear  627 to 625.5 and 619 to 616.5 
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 9705 to 9735 and  9820 to 9835 
Support
should appear near 9640 to 9625 and 9345 to 9315  

February Heating Oil
Resistance should appear near 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 7342 to 7327 and 7257 to 7242  
Resistance
is at 7417 to 7427 and 7487 to 7512  

April Cattle
Support
should appear near 7257 to 7242 and 7172 to 7142 
Resistance
is at  7327 to 7342 and 7417

February Lean Hogs
Support
is at  5432 to 5417 and 5357 to 5342 
Resistance is at 5492 to 5507 and 5552 to 5577

April Hogs
Recommended open position short at 5500
Support is at 5732 to 5717 and 5652 to 5637
Resistance
is at 5792 to 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 8502 to 8482 and the 8407 to 8392 region
Resistance
is at 8667 to 8682 and 8762 to 8777

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 786 1/2 to 783 3/4 and 777 3/4 to 776 1/4 

March Soymeal
Support should appear near 241.9 to 241.1 and 237.0  to 235 .4
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 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 392 3/4 to 390 3/4 and 386 3/4 to 385 3/4 
Resistance
 should appear near  398 1/4 to 399 1/4 and 404 3/4 to 405 3/4

                                      
    The Satisfying Softs

March the ‘Monster’ Coffee
Support
is near 6920 to 6905 and 6755 to 6740 
Resistance
should appear near 7140 to 7170 and the 7325 to 7345 region.

March Cocoa 
Support is at 1535 to 1529 and 1496 to 1494
Resistance
should appear near 1569 to 1576 and 1642 to 1655

March Sugar
Recommended open position short 580
Support should appear near 562 to 588 and  the 538 to 534 region.
Resistance
should appear near 586 and 601 to 609

March Cotton
Support should
appear near 7515 to 7485 and 7430 to 7415  
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

Tuesday January 6th, 2004
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. 
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