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 21st 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 20th, 2004
1:00 PM Eastern time  

The Frenzied Forex Front

March Yen
Support
should appear near 9316 and 9156 to 9140
Resistance
should appear near 9347 and 9429 to 9445

March Euro Currency (EC)
Support
should appear at 12530 and the 12380 to 1.2320 region 
Resistance is at 12680 to 12740 

March
Swiss Franc
Recommended open position short at 7892
Resistance should appear near 8029 to 8044 and 8119 to 8134
Support
should appear near 7954 to 7939 

March British Pound
Support
should appear near 1.8080 and 179 42  
Resistance should appear 1.8220 and 1.8356.    

March Canadian Dollar
Recommended open position short at 7675
Support should appear near 7689 to 7675
Resistance
is at 7763 to 7777.

March Aussie Dollar
Support
should appear near 7601 to 7587 .
Resistance should appear at 7675 to 7689

   The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near  10580 to 10630 and 10680
Support should appear near 10470 and 10360 to 10320

March SP500
Recommended Open Position Long at 4 at 1135.30 avg
R
esistance
should appear near 1150.00 then 1164.00 to 1166.50 and 1169.00 . 
Support
should appear near 1136 to 1134 and 1130 .. below that buyers should appear near 1115.50 , which should hold... below that support is 1101 to 1096 .BW Traders can buy at 1101.30 for a bounce and risk a close under 1094.7 for three days in a row.

Nasdaq Composite
Resistance 
should appear near 2170 to 2185. 
Support should appear near 2134 to 2126 and 2089 to 2080.

March  Mini Nasdaq 100
Recommended open position long at 1545.5
Resistance is at  1569 to 1576
Support is at 1535 to 1529

March 10 Year T-Note

Resistance
should appear near 114-22 and 115-07
Support is at 113-22 and 113-07

Precious Metals

February Gold
Support
should appear at 412 to 411 and 405.6 to 404.6 
Resistance
is at  416.3 to 418.0 

March Copper
Support should appear near 11010 to 10960 and 1.0840.
Resistance should appear near 11300 to 11360 and the 11640 to 11690 region 
BW Traders should go long if a close over 11185 occurs.

March Silver
Support
should appear near 627 to 625.5 and 619 to 616.5
Resistance is at 633.5 to 637 and 641.5 to 643

The Exciting Energies

March Crude Oil
Support
should appear near 3442 to 3425 and 3386 to 3377 
Resistance
is at 3493 to 3503 and the 3553 to 3563 region.. which should cap a rally for a while 

March Unleaded  Gas
Resistance should appear near 1.0320 to 1.0360 and 10580 to 10680.Beyond that sellers should appear near 10960 to 11010. BW Traders can sell at 10960 for a turn lower and risk a close over 11205 for three days in a row,
Support should appear near  the 9935 to 9920 and 9740 to 9705 . below that buyers should appear near 9345 to 9315 

March Heating Oil
Resistance should appear near 10020 to 10040 . Beyond that sellers should appear near 10320 to 10360 and the 10960 to 11010 region. Well Heeled  BW Traders can sell at 10320 for the pull and risk a close over 10710 for three days in a row. 
Support
should appear near 9840 to 9820 and 9740 to 9705

 The Lively Livestock

April Cattle
Recommended open position short 2 at 7562 avg
Support should appear near 7687 to 7672 
Resistance
is at 7762 to 7777

April Hogs

Recommended open position short 2 at 5535 avg

Support
is at 5792 then 5732 to 5717 and 5652 to 5637
Resistance is at  5852 to 5882 and the 5942 to 5957 region. 
BW Traders can sell at 5852 and risk a close over 5962 for three days in a row…
.

February
Pork Bellies
Support
should appear near 8222 to 8192 and  8137 to 8117 
Resistance
is at 8302 to 8317 then 8392 to 8407 and 8487 to 8502 .

Traders should stay tuned for Updates

 

The Grande’ Grains

March Soybeans
Resistance
is at 830 1/4 to 831 1/2  amd 839 1/4 to 840 3/4
Support
should appear at 822 1/4 to 819 1/2 and 804 1/2 to 802 3/4   

March Soymeal
Support
should appear near 256.8 to 255.2 and 246.9 to 246.1 
Resistance
should appear near 261.2 to 262 and 266.3 to 267.2 

March Soybean Oil
Resistance should appear near 2972 to 2990 and 3036 to 3045.
Support
should appear near 2937 to 2928

March Corn
Resistance
should appear near 277 1/2 and 282 to 282 3/4
Support is at  271 3/4 and 267 1/4 to 266 1/4 

March CBOT Wheat
Support 
should appear near 392 3/4 to 390 3/4 and 380 3/4 to 379 1/2 
Resistance
 should appear near 404 3/4 to 405 3/4 and 416 1/4 to 418 1/4 

Trade Accordingly and Stay tuned for updates

     

           The Satisfying Softs

March the ‘Monster’ Coffee
Recommended open position long 6955 
Support is near 7430 to 7415 and 7170 to 7140 
Resistance
should appear near 7585 to 7605, beyond that a test of 7760 to 7780 is likely. 

March Cocoa 
Recommended open position short at 1605
Support
is at 1576 to 1569 and the 1535 to 1529  region.. 
Resistance
should appear near 1609 to 1612 and 1642 to 1655

March Sugar
Recommended open position short at 580
Support
should appear near 562 to 558
Resistance
should appear near 582 to 586 and 601 to 609 .

March Cotton
Recommended open position long 7525 
Support should appear near 7515 to 7485 and 7430 to 7415 
Resistance
should appear near 7585 to 7605 and the 7765 to 7780 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

Tuesday January 20th , 2004
3:25 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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