FuturesCom
Investment Publications
Morning Comments Friday January 9th 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
Friday January 9th, 2004
1:00 AM Eastern time
The Frenzied Forex Front
March Yen
Support
should appear near 9337 to 9316 and 9156 to 9140
Resistance should appear near 9429 to 9445.
March Euro Currency (EC)
Support
should appear at 12680 and 1.2530.
Resistance is at 12740and 1.2890
March Swiss
Franc
Recommended open position short at 8033
Resistance should appear near 8138
and 8194 to 8223
Support should appear
near 8119 and 8044 to 8029
March
British Pound
Recommended open position short at 18041
Support should appear near 18220 and
18150 to 18080
Resistance should appear 1.8400 and
18580 to 18650
March Canadian Dollar
Support should appear near 7777
to 7763 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
Support should appear near 7675
and 7601
to 7587
Resistance should appear near 7689 and
7763 to 7777
Dow Jones
Industrial Average
Resistance should appear
near 10630 to
10680
Support should appear near 10580 then 10470 and 10360 to 10320
March SP500
Resistance
should appear near 1136.00 and 1150.00
Support should appear near 1130.00 then 1122.20 and 1115.50...Below that
1101 to 1096 should hold.
Nasdaq Composite
Resistance should appear
near 2126 to 2134
Support should appear near 2089 to 2080
March Mini
Nasdaq 100
Resistance is at 1535 and 1569 to 1576
Support is at 1529 and 1496 to 1484
March 10 Year T-Note
Resistance should
appear near 112-22 and 113-07
Support
is
at 112-07 and 111-22.
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 11010 to 10960 and 10820
Resistance should appear near 11300 to 11360
March Silver
Support should appear 619 to 616.5 and 611.5 to 610.5
Resistance is at 633.5 to 635 and 641.5 to 643
--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 10020
to 10035 and 10105 to 10120
Support should appear near 9835 to 9820 and 9640 to 9625
February
Heating Oil
Resistance should appear
near 10105 to 10135 and 10320 to 10360
Support should appear near 9745 to 9705 and 9545 to 9525
The
Lively Livestock
February
Live Cattle
Support should appear near 7512 to 7487 and 7432 to 7417
Resistance is at 7585 to 7605
April Cattle
Support should appear near 7587 and 7427 to 7412
Resistance is at 7587 to 7602
February
Lean Hogs
Support is at 5357 to 5342 and 5282 to 5257
Resistance is at 5417 to 5432 and 5492 to 5507
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 8557
Support should appear near 8407 to 8392 and 8222
Resistance is at
8557 to 8587 and 8667 to 8682
The
Grande’ Grains
March Soybeans
Recommended open position short at 783 1/4
Resistance is at 802 1/2 to 804 1/2
and 811 3/4 to 813 1/2
Support should appear at 795 1/2 to
793 3/4 and 777 3/4 to 776 1/4
March Soymeal
Support should appear near 241.1 and 237.0 to
235 .4
Resistance should appear near 246.1 to 246.9
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 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 6835 to 6810 and the 6670 to 6655 region.
Resistance should appear near 6905 to 6920 then 6990 to 7005 and the 7140 to 7170 region.
March Cocoa
Support is at 1576 to 1569 and 1535 to 1529
Resistance should appear near 1642 to 1655
and 1689 to 1696
March Sugar
Recommended open position short 580
Support should appear near 562 to 559
Resistance should appear near 582 to 586
March
Cotton
Support should
appear near 7430 to 7415 and 7345 to 7325 .
Resistance should appear near 7515 then 7585 to 7605 and the 7675 to
7690 region.
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
Friday January 9th, 2004
2 00 AM 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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