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 3rd, 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 February 2nd  , 2004
1:00 PM eastern time

 The Frenzied Forex Front

March Yen
Recommended Open position short 9427
Support should appear near 9445 to 9429.  
Resistance
should appear near 9526 to 9543 region.. 
BW Traders should go short if a close under 9389 occurs

March Euro Currency (EC)
Support
should appear at 1.2380 to 1.2320.
Resistance is at the 12530 and 12680 to 12740 region.
BW  Traders can sell at 12672 and risk  a close over 12770  for three days in a row..


March
Swiss Franc
Resistance
should appear near 7939 to to 7954 and 8029 to 8044 
Support
should appear near 7864 to 7836 and 7777 to 7763

March British Pound
Support
should appear near 1.8080 and 1.7800 to 1.7740
Resistance
should appear 18220 and 1.8400

March Canadian Dollar
S
upport should appear near 7428 to 7415 
Resistance is at 7486 to 7513   

March Aussie Dollar
Support
should appear near 7513 to 7486.
Resistance
should appear at 7587 to 7601

   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 2 at 1149.10 avg
Resistance should appear near the 1164 to 1169 region
Support
should appear near 1136 to 1130 then1115.50 and the 1101 to 1096 region
BW Traders can buy at 1101.30 for a bounce and risk a close under 1094.70 for three days in a row.
Under that  buyers should appear near the 1068 to 1058 region which should hold

Nasdaq Composite
Resistance 
should appear near 2080 to 2089.
Support should appear near 2042 to 2034

March  Mini Nasdaq 100
Recommended Open Position long 1553.5 
Resistance is at 1529.00 to 1535.00 .
Support is at 1496 to 1484.00 and 1459 to 1453

March 10 Year T-Note
Resistance
should appear near 113-22 and 114-07
Support is at 113-08 and 112-22

Precious Metals

April Gold
Support should appear at 392.9 to 390.9 and 386.7 to 385.8
Resistance is at 404.6 to 405.6 and the 411.0 to 412.0 region 

March Copper
Recommended Open Position Long at 1.1455
Support
should appear near 1.1360 to 1.1300 and 1.1010  to 1.0960
Resistance should appear near 1.1640 to 1.1690 and 1.1920 to 1.2030

March Silver
Recommended Open position long at 604.5
Support
should appear near 603.5 to 602.5 then  595.5 to 594.5 and the 588 to 585.5 region
Resistance is at 610 to 611.5  and 616.5 to 619

Trade Accordingly

                                     The Exciting Energies

March Crude Oil
Support
should appear near the 3443 to 3425 and 3386 to 3377 
Resistance is at 3493 to 3503 and the 3553 to 3563 region 

March Unleaded  Gas
Resistance should appear near 10320 to 10360 ad 10580 to 10630 and 10680
Support should appear near 10035 to 10020 then 9835 to 9820 and 9735 to 9705

March Heating Oil  
Resistance should appear near 9525 to 9545 and 9625 to 9640.
Support
should appear near 9345 to 931and 9155 to 9140

                                                                 The Lively Livestock

April Cattle
Support
should appear near 7257 to 7242 and 7172 to 7142 
Resistance
is at 7327 to 7342 and 7412 to 7427

April Hogs
Recommended Open Position Short at 5852
Support
is at 5957 to 5942 and 5882 to 5857
Resistance
should appear near 6022 to 6037 and the 6102 to 6112 region. 

March
Pork Bellies
Support
should appear near 8587 to 8562 and 8502 to 8487. 
Resistance is at 8667 to 8682.. beyond that sellers should cap a rally near the 8762 to 8777 region. 
 

   The Grande’ Grains

March Soybeans
Resistance
is at 777 3/4 to 776 1/4 and 768 3/4 to 767 1/2
Support should appear at 795 1/2 and 802 3/4 to 804 1/2   

March Soymeal
Support
should appear near 241.9 to 241.1 
Resistance
should appear near 251.1 to 251.9

March Soybean Oil

Resistance should appear near  2928 to 2937 and 2972 to 2990
Support should appear near 2883 to 2874 and 2829 to 2820

March Corn
Support
should appear near 267 1/4 to 266 1/4 and 262 to 261 1/4  
Resistance
is at 271 1/4 to 272 1/2 and 275 3/4 to 277 1/2   

March CBOT Wheat
Support 
should appear near 380 3/4 to 379 1/2 and 374 1/4 to 373 1/2 
Resistance
 should appear near 385 3/4 to 386 3/4 and 390 3/4 to 392 3/4 

Trade Accordingly and Stay tuned for updates

                                         The Satisfying Softs

March the ‘Monster’ Coffee
Recommended open position long at 2 at  7545 avg
Support is near 7485  then 7430 to 7414 and 7345 to 7325. Below that support should surface near 7255 to 7240 and the 7170 to 7145 region...BW Traders can buy at 7175 and hold for higher prices.. risk a close under 6970 for  three days in a row.. .
Resistance
should appear near 7585 to 7605 and 7675 to 7690beyond that a test of 7760 to 7775 is likely.   

March Cocoa 
Support
is at 1496 to 1484 and the 1459 to 1453 region 
Resistance
should appear near 1535 and 1569 to 1576

March Sugar
Support
should appear near 562 to 588 
Resistance
should appear near 582 to 586

March Cotton
Support should appear near 6835 to 6810 and 6755 to 6740
Resistance should appear near 6905 to 6920 and 6990 to 7005   

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

Stay tuned for flashes and updates in all markets.. 

Happy Trading!  

Bill  wil@futurescom.com

1-866-409-3890

Monday February 2nd 
2:30 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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