FuturesCom
Investment Publications
Morning Comments
Wednesday February 4th, 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 February 3rd , 2004
1:30 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 8029
to 8044 and 8119 to 8134
Support should appear near 7954 to 7939 and 7864 to 7836
March British Pound
Support should appear near 18220 to 18150 and 1.8080
Resistance should appear 1.8400 and 18580 to 18650
March Canadian Dollar
Support should appear near 7428
to 7415
Resistance is at 7486 to 7513
March Aussie Dollar
Support
should appear near 7587 and 7513 to 7486.
Resistance should appear at 7601 and 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 2 at 1149.10 avg
Resistance
should appear near the 1164 to 1169 region
Support should appear near 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 1484.00 and 1459 to 1453
March 10 Year T-Note
Resistance should
appear near 114-07 and 114-22
Support is at
113-22 and 113-08
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 411 to 412
March
Copper
Support should appear near 115.25 and 1.1360 to 1.1300
Resistance should appear near 1.1690
and 1.1920 to 1.2030
March Silver
Support should appear near 611.5 to 610 and 595.5 to 594.5
Resistance is at 616,5 to 619 and 625.5 to 627
Trade Accordingly
The Exciting Energies
March
Crude Oil
Support should appear near
3386 to 3377 and the 3328 to 3319 region
Resistance is at 3425
to 3443 then 3493 to 3503 and
3553 to 3563
March Unleaded
Gas
Resistance should appear
near 10320 to 10360 and 10580 to 10680
Support should appear near 9935 to
9920 and 9735 to
9705
March Heating Oil
Resistance should appear near 9315 to
9345 and 9425 to
9445.
Support should appear near 9155 to 9140,
below that a test of 9060 to 9045 is likely
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 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 811 3.4 to 813 1/2 and 830 to 831 1/2
Support should appear at 795 1/2 to 793 3/4 and 786 1/2 to 783 3/4
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 3036 to 3045
Support should appear near 2937 to 2928
March Corn
Support should appear near 272 1.2 to 271
3/4
Resistance is at 275 3/4
to 277 1/2 and 282 to 282 3/4
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 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
7515 and 7585 to 7605
March Cocoa
Support is at 1576 to 1569 and 1535 to 1529
Resistance should appear near 1609 to 1615 and 1642 to 1655
March Sugar
Support should appear near 562 to 588
Resistance should appear near 582 to 586
March
Cotton
Support should
appear near 6755 to 6740 and 6670
to 6655
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
Tuesday February 3rd
2:45 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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