FuturesCom Investment Publications
Nearby Resistance is at 1399 to 1402, traders can sell at 1398.70 and hold for lower prices, Above that sellers should appear near 1410.20.and the 1415 to 1418 region and 1421.. A close over 1421 is friendly and indicates a test of 1437 and eventually the 1453 to 1457 region.
On the DownSide Nearby Support is at 1394.20 , a close under is negative and augurs for a ‘tap’ of the 1383 to 1380 region which now appears more likely to occur than not… under that buyers should appear near 1377..A close under 1377 is negative and augurs for a test of 1361.50 Below that support is at 1354.30 and 1346 to 1340 under that 1334 to 1333.20 should contain a decline basis the close for a bit.. Aggressive Traders can buy at 1340 and risk a close under 1334 for three days in a row.
Traders should Stay Tuned for SP500 Flashes
Dow Jones Industrial Avg.
Resistance should appear near 10,475 and the 10,580 to 10,630 region , beyond tat 10,680 should cap an early rally.. .. a close over 10,680 is friendly and augurs for a test of 10,757 and more likely the 10,800 to 10,820..region .. An extended trade over 11,820 is friendly and augurs for an eventual test of 10,960 to 11,010.. Beyond resistance is at 11,087.
Support is should appear near 10,419 and 10360 to 10,340 then 10,320 which should contain a decline basis the close for the time being. However a close under 10,320 is negative and augurs for a test of 10,293 and the 10,181 to 10,155 region.
Cash NASDAQ
Nearby Resistance is at 4403 then 4425 to 4446 and the 4503 to 4514 region.
Beyond that sellers should appear near 4571 to 4582 and the 4639 to 4650 region.. Above that 4695 to 4715 should cap a rally for the time being..
Support is at 4381 to 4370 . below that support should appear near 4342 then 4315 to 4304 .A close under 4304 is negative an augurs for a test of 4250 to 4235 and more likely a tap of the 4183 to 4163 region.. Below that support is at 4120 to 4110 which should contain a decline for a bit.
March NASDAQ 100
Support is at 3992 to 3982 and the 3929 to 3909 region…A close under 3909 is negative and augurs for a test of 3865 to 3855 and eventually the 3807 to 3795 region..Below that support is at 3743 and the 3565 to 3553 region which should contain a decline for the time being..
Resistance is at 4046 to 4056 and the 4110 to 4120 region ..beyond that sellers should appear near 4163 to 4183 and the 4238 to 4249 region. Above that 4305 to 4315 should Cap a rally
March Bonds
Support is at 92-29 and 92-22 then 9216.. Under that support is at 92-07 and the 91-21 to 91-16 region Which should contain a decline for a bit. Under that 90-23 should hold...Traders can buy at 90-23 for a bounce and risk a close under
90-07 for three days in a row. Trade accordingly.
On the Upside Nearby resistance is at 93-08 and 93-22 to 93-28. Beyond that sellers should appear near 94-06 to 94-12 and 94-28.. Traders can sell at 94-06 for a turn lower, initially risk close over 94-28 for three days in a row Above that resistance should appear near 95-09 and the 95-22 region.
On the Frenzied Forex Front
March Japanese-Yen
Nearby Resistance is at 9236 , a close over 9236 is friendly and augurs for a test of 9300 to 9314 and more likely the 9429 to 9445 region, an extended trade over 9445 is friendly and augurs for a test of 9485 and eventually the 9526 to 9542 region..Above that sellers should appear near 9581 to 9588.
Nearby Support should appear near 9156 to 9140 region. Traders can buy at 9156 and risk a close under 9140 for three days in a row. Below that 9060 to 9044 should contain any further sell off...
Traders should go long is a close over 9239 occurs. ....Stay Tuned for Flashes
March Swiss
Nearby Resistance is at 6172 and 6190.. Beyond that sellers should appear near 6233 and the 6257 to 6270 region. Above that sellers should appear near 6304 and the 6337 to 6350 region. Traders can sell at 6337 for quick turn lower , initially risk a close over 6417 for two days in a row ..
Nearby Support is at 6139, aggressive traders can buy at 6139 for a bounce, risk a close under 6101 for two days in a row..Under that buyers should appear near 6088 and the 6035 to 6022 .region . Traders can buy at 6035 and risk a close under 6022 for three days in a row. Below that support should appear near 5951.
Stay tuned for Flashes...
March British Pound
Support should appear near 1.5926. Below that 1.5760 to 1.5690 should hold. Traders can buy at 1.5760 and hold for higher prices.. Under that support is at 155.20 and the 1.5350 to 1.5290 region..
Resistance is at 1.5986 and the 1.6090 to 1.6150 region, a close over 1.6150 is friendly and augurs for a test of 1.6286..
Trade Accordingly and stay tuned for Flashes..
March Canadian Dollar
Nearby Support is at 6871 below that support is at 6836 to 6809.. traders can buy at 6837 and hold for higher prices.. Below that buyers should appear near 6783 and 6755 to 6741 region. Where buyers should appear and stop a decline
Resistance is at 6906 to 6919 and 6955. Beyond that resistance is near 6990 to 7003 Traders can sell at 6990 for a turn lower and risk a close over 7003 for three days in a row. Beyond that resistance is at 7035 and the 7074 to 7090 region.
Trade Accordingly and Stay tuned for FuturesCom's Forex flashes
Precious Metals
April Gold
Nearby Support is at 312.5 then 310.10 to 309.20 and 306.9.. Below that good buyers should appear near the 304.5 to 302.6 region….Under that buyers should appear near the 299 to 297 region and 294 to 292
Resistance is at 314.8 to 316, a close over 316 is friendly and augurs for a test of 319.4 to 321.3 and more likely the 326.1 to 327.5 region. Beyond that a test of 331.9 to 332.8 and beyond towards 337 to 339.is likely to occur..
March Copper
Nearby Support is at 8405 to 8390 and 8315 to 8300 and should hold. Below that support is at 8225 to 8190 and 8135 to 8115.. under that support at 8045 to 8025 should contain a decline.. Traders can buy at 8225 and risk a close under 8115 three days in a row.
Nearby Resistance is at 8485 to 8495 beyond that sellers should appear near 8560 to 8590 then 8625 and the 8665 to 8690 region.. Traders can go short at 8665for a turn lower and risk a close over 8690 for three days in a row. Beyond that good sellers should appear near 8760 to 8775 and the 8855 to 8875 region.
March Silver
On the Nearby Support should appear near 534.5 and 528.5 to 526. Aggressive Traders can buy at 531.5 and hold for higher prices....Under that support is at 521.5 to 520 and the 517 region Below that support at 514 to 512.5 should contain a decline basis the close..
On the Upside. Nearby resistance is at 538.5 and the 541.5 to 543.region Beyond that a test of the 549 to 550.5 region is likely. A close over 550.5 is friendly a augurs for a test of the 564 to 565.5 region.
Traders should go long if a close over 538.5 occurs.
Stay tuned for Flashes...
The Exciting Energies
April Crude
Resistance is at 2875 to 2885. Beyond that 2928 to 2937 should bring out sellers.. A close over 2937 is friendly and augurs for a test of the 2972 to 2990 region and beyond towards 3036 to 3045 .. Above that 3090 to 3102 should cap any rally for a bit.. traders can sell at 3092 and hold for lower prices..
Nearby Support is at 2829 to 2820 and the 2775 to 2755 region.. Aggressive traders can buy at 2829 and risk a close under 2755 for two days in a row .. Below that buyers should appear near the 2724 to 2716 region..Under that buyers should contain a decline near 2672 to 2659 and the 2620 to 2612 region. Under that 2570 to 2550 offers good support and should hold basis the close..
Trade Accordingly and Stay Tuned For Flashes
Mar Unleaded Gas
Resistance should appear at 8119 to 8134 and the 8195 to 8225 region , beyond that a test of 8300 to 8315 is likely.. Traders can sell at 8300 and risk a close over 8315 for three days in a row. Beyond that resistance is at 8390 to 8405 and the 8485 to 8500 region.
Nearby Support is 8045 to 8030. A close under 8030 s negative and augurs for a test of 7955 to 7939 and eventually the 7865 to 7835 region. Under that support is at 7777 to 7765 … Traders can buy at 7865 and risk a close under 7762 for two days in a row. Below that buyers should appear near 7689 to 7675 and 7605 to 7685.
Mar Heating Oil
Resistance is at 7429.. Beyond that resistance should appear near the 7486 to 7513 region.. Beyond that sellers should appear near 7590 to 7605 and 7676 to 7690. Traders can sell at 7590 for a turn lower , risk a close over 7695 for tow days in a row Above that resistance should appear near the 7763 to 7777 region and 7835 to 7865..
Nearby Support is at 7345 to 7325 and 7255 to 7245 and 7175 .. Below that support is 7088 to 7077 and 7003 to 6990. Under that buyers should appear near the 6835 to 6805 region.
Trade Accordingly. and Stay tuned for Flashes
The Grand Grains
March Beans
Support is at 503 3/4 under that buyers should appear near the 499 1/2 to 497 region, a close under 497 is negative and augurs for a test of 492 3/4 to 491 1/2..beloew that support is at 485 3/4 to 484 1/2 ..traders can buy at 492 3/4 and risk a close under 484 for three days in a row.
Resistance is at 506 3/4 and 509 1/2.. Beyond that a test of 512 3/4 to 515 3/4 is likely.. A close over 515 3/4 is friendly and augurs for a test of 525 to 528 and 534 1/2 to 535 3/4 Stay tuned for Flashes
Traders should go long if a close over 516 occurs.
March Soybean Meal
Support is near the 1.648 to 164.2 under that support is at 161.5 and 160.9..Traders can buy at 160.9 and hold for higher prices Under that support is at 157.6 to 156.9 and the 153.5 to 152.9.
Resistance is at 165.5 and 167.2 to 168.9 then 169.6 and the 173.1 to 173.8 region. Traders can sell at 173.1 and risk a close over 173.8 for three days in a row.
March SoyBean Oil
Support is at 1535 to 1529 and the 1496 to 1484 region. Below that buyers should appear near the 1459 region.
Resistance should appear 1569 to 1576 , a close over 1576 is friendly and augurs for a test of 1609 to 1615 and eventually the 1642 to 1655 region.. Beyond that sellers should appear 1690..
Traders should go long if a close over 1576 occurs
March Wheat
Resistance is at 271 3/4 to 272 1/2, a close over 272 1/2 is friendly and augurs for a test of 275 3/4 to 277 3/4. Beyond that a test of 282 to 282 3/4 is likely..
Support is at 267 1/2 to 266 3/4 and the 262 to 261 1/4 region traders can buy at 267 3/4 and risk a close under 261 for three days in a row .. Under that support at 225 3/4 to 255 1/2 47 should hold..
Traders should go long if a close over 272 1/2 occurs
March Corn
Resistance is at 222 3/4, a close over is friendly and augurs for a test of 226 1/4 to 227 1/4 and the 231 1/2 to 232 1/4 region. Beyond that resistance should appear near 235 1/2 to 237 and the 241 to 242 region. Traders can sell at 241 and risk a close over 242 1/4 for three days in a row.
Support should appear near the 219 1/4 to 217 region. Below that buyers should appear near the 215 to 213 1/2 region and contain a decline for a bit. Below that 208 3/4 should hold...Trade Accordingly.
Traders should go long of a close over 224 1/2 occurs.
The Satisfying Softs
March Cotton
On the DownSide Nearby Support is at 5655 under that buyers should appear near 5577 to 5553 and the 5505 to 5490 region.. Aggressive traders can buy at 5577 for a turn higher ,risk a close under 5490 for three days in a row. Below that support at 5430 to 5418 should contain a decline..
Resistance is at 5715 to 5730 and the 5795 to 5805 region.. Above that sellers should appear near 5855 to 5880 and the 5945 to 5955 region..A close over 5945 is friendly and augurs for a test of the 6025 to 6035 region and more likely 6100 to 6110... Trade Accordingly
March Sugar
Support is at 538 to 534 which should contain a decline over the near term. However a close under 534 indicates a test of 515 to 507, traders can buy at 539 and risk a close under 515 for three days in a row..Below that support is at 490 then 471 to 468.
Resistance is at 562, a close over 562 is friendly and indicates a test of the 582 to 586 region and beyond towards 593. Above that good sellers should appear near 601 to 609 Beyond that a test of 630 to 634 is likely.
Trade Accordingly
March 'the Monster' Coffee
Support is at 108.20... Under that support is at 106.80 to 106.30 and 105.80. Below that support is at 104.75 and the 103.60 to 103.20 region.
Resistance should appear near 109.60 to 110.10 , a close over 110.10 is friendly and augurs for a test of 111.55 and eventually the 113.00 to 113.60 region, Beyond that resistance is at 115.00 and the 116.40 to 116.9 region
Traders should go long if a close over 110.10 occurs
Trade Accordingly and Stay Tuned for Flashes
May Cocoa
Resistance is at 814 to 823 and 847 to 852, beyond that a test of 877 to 882 is likely.
Support is at 795 to 791 and 779, under that support is at 767 to 763 traders can buy at 767 for a bounce , risk a close under 751 for three days in a row. Under that 739 to 735 should hold and contain the decline for a bit.
Stay Tuned for Flashes.
The Lively Livestock
April Cattle
Support is at 7087 to 7077 and the 7002 and 6987 region Under that support should appear near 6922 where Traders can buy at 6922 and risk a close under 6902 for three days in a row.
Nearby Resistance is at 742 to 7172 and 7207 , A close over 7172 is friendly and augurs for a test of 7207 and eventually the 7242 to 7257 region. Beyond that resistance should appear near the 7327 to 7342 region and 7412 to 7427.
Traders should go long if a close over 7172 occurs.
April Hogs
Support should appear near 5917 then 5882 to 5855 ..Traders can buy at 5917 and risk a close under 5855 for three days in a row.. below that support is at 5807 to 5792 under that buyers should appear near 5732 to 5716 and 5652..
Resistance is at 5947 to 5957 then 5992 and 6022 to 6037. A close over 6037 is friendly and augurs for a test of 6102 to 6112 and eventually the 6162 to 6192 region. Beyond that a test of 6257 to 6272 is likely.
March Bellies
Support is at 8777 to 8762 , traders can buy at 8762 and hold for higher prices..
below that support is at 8682 to 8667 and the 8592 to 8562 region. Below that support is at 8497 to 842 .. Aggressive traders can buy at 8592 and risk a close under 8482 for three days in a row.
Resistance is at 8857 to 8872, a close over 8872 is friendly and augurs for a test of 8932 to 8967 and eventually 9042 to 957 then 9137 to 9157.. beyond that a trade towards 9312 to 9347 and beyond is likely..
Traders should go long if a close over 8872 occurs.
Traders Should Stay Tuned Flashes in the Pork complex...
A ship in Harbor is Safe.. But that's not what ships are built for.
Happy Trading
Bill
Sunday, Feb 13, 2000
11:25 AM
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 IS 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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