FuturesCom Investment Publications Bi

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Friday, January 4th 2002
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
Description of Services Premier Service

"If the Creator had a purpose in equipping us with a neck,
he surely meant for us to stick it out. " ----Arthur Koestler

Morning Comments
Thursday January 3rd, 2002
7:35 PM

                                                         Financial Markets

On the Frenzied Forex Front

March Yen
Support should appear near 7601 to 7587 and 7551 .A slip under is negative and augurs for a test of support near the 7513 to 7487 region . BW Traders can buy at 7515 for a good turn higher and risk a close under 7412 for three days in a row...

Resistance should appear near 7601 then 7638 and the 7675 to 7689 region. .
Day Traders can sell at 7674 and risk 30 pts..

March EC
Support is at 8934 and 8902, under that buyers should appear near the 8871 to 8856 region and contain
a decline..
Resistance is at the 8901 and the 9044 to 9060 region..

March Swiss Franc
Support should appear near the 6035 to 6023 region... Day Traders can buy at 6024 and risk 40 pts..
Resistance should appear near the 6101 to 6113. A close over 6113 augurs for a test of 6165 to 6190..
Day Traders can sell at 6165 and risk 30 pts..

March British Pound
Recommended open position long 2 at 1.4428avg
Support should appear near 1.4210 to 1.4150
Resistance is at 1.4372.

March Canadian Dollar
Recommended open position long 6271
Support should appear near 6225 to 6190
Resistance is at 6257 to 6270 and 6305.

March Aussie Dollar
Recommended position long at 5128
Support is at 5088 then 5067 to 5036 BW Traders can buy at 5052 and risk a close under
4972 for three days in a row.
Resistance should appear near the 5127 to 5139 region, an extended trade over is friendly and augurs for a test of 5200 to 5211.

Stay tuned for Forex Updates

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,185 then 10, 257 and the 10,320 to 10,360 region.
Support should appear near 10,136 and 10,104. .

March SP500
Recommended open position short 2 at 1155.70 avg
Nearby Resistance should appear near 1169 and 1174.70 Beyond that a test of 1180.50 and the 1192 to 1203 region is likely.
Support should appear at 1164 and 1157. Failure there augurs for a test of 1150 and eventually the 1136 to 1133 region..

Nasdaq Composite
Resistance is at 2061 and 2080 to 2088
Support is at 2042 to 2034 and 1996 to 1982

March Mini- Nasdaq 100
Resistance is at 1689 to 1696 and the 1731 to 1738 region.
Support is at 1655 to 1642 and 1628.5 under that a test of 11615 to 1609 is likely. .

Trade Accordingly and Stay tuned....

March 10 Year T-Note
Resistance should appear near 104-22 and 105-07..Beyond that sellers should appear near 105-23
Support is at 104-06 then 103-23 and 103-07.. which should contain the decline for a bit...

                                                              Precious Metals
February Gold
Recommended open position : Long 275.9
Support should appear near 277.5 to 275.8.. Under that buyers should appear near 272.4 to 271.6..
Resistance is at 279.70 and 282 to 282.8 , a close over is friendly and augurs for a test of 287.4 to 288.3

Aggressive Traders should go long if a close over 282.8 occurs.

March Copper
Recommended open position long 6675
Support should appear near 6590 to 6575 and the 6510 to 6485 region.
Resistance should appear near 6655 to 6670 , a close over 6670 is friendly and augurs for a test of the 6740 to 6755

March Silver
Recommended open position long at 458.5
Support should appear near 458.5 to 457 and 451.5 to 450 and 444.5 to 442.5
Resistance is at 463.5 to 465 and the 569.5 to 471.5 region..

Stay tuned for Updates..

The Exciting Energies

February Crude Oil
Support should appear near 2042 to 2034 and the 1996 to 1982 region. Below that BW Traders can buy at 1955 and risk a close under 1902 for three days in a row..
Resistance is at 2080 to 2088 then 2126 to 2134 and the 2170 to 2185 region. .

February Unleaded Gas
Support should appear near 6045 to 6025 then 5960 to 5945 and the 5880 to 5860 region Under that buyers should appear near 5730 to 5715
Resistance is at 6115 and the 6165 to 6190 region. Beyond that sellers should appear near the 6340 to 6350 region. BW traders can sell at 6335 for a turn lower , risk 150 pts. .

February Heating Oil
Resistance is at 5715 to 5730 then 5855 to 5880 and 5945 to 5955..

Support should appear near 5645.. Under that 5580 to 5555 should hold.

Trade Accordingly

The Lively Livestock Markets

February Live Cattle
Recommended open position, short 7070
Support should appear near 7037 and 7002 to 6992.
Resistance is at 7087 then 7117 and the 7142 to 7172 region.

February Lean Hogs
Recommended open position long at 5705
Support is at 5502 to 5487... BW traders can buy at 5507and risk a close under 5417 for three days in a row.
Resistance is at 5577 and 5612..

April Hogs
Recommended position long at 6005
Support is at 5957 to 5942 and 5880 to 5855.
Resistance is at 6022 to 6037.beyond a trade towards the 6102 to 6112 region is likely.

February Pork Bellies
Support should appear near the 8047 to 8027 and the 7957 to 7937 region. Under that buyers should appear near 7867 to 7837 .
Resistance is at 8137 and the 8192 to 8227region..Beyond that sellers should appear near 8302 to 8317
and 8392 to 8407.

-Stay tuned for Livestock and Belly Updates and Flashes-

The ‘Grand’ Grain Markets

March Soybeans
Recommended open position long at 432
Resistance is at 425 and 430 to 431 1/2
Support should appear near 418 1/2 to 416 1/4 and the 412 to 411 region.

March Soybean Meal
Support should appear near 142.1 to 141.5 under that 138.3 to 137.7 should contain a decline..

Resistance is at 145.3 to 145.9
.
March Soybean Oil
Support is near 1535 to 1529. Under that buyers should emerge near 1496 to 1484

Resistance should appear near the 1569 to 1576 , a close over is friendly and augurs for a test of 1609 to 1615

BW Traders should go long if a close over 1576 occurs.

Trade Accordingly..

March Corn
Resistance should appear near 210 1/2 and 212 3/4 to 213 1/2
Nearby Support is at 208 and the 204 1/4 to 203 1/2 region

March Wheat
Recommended Open Position long 2 at 296 1/2 avg
Support should appear near 299 to 297 1/4 and the 293 3/4 to 292 1/2 region.
Day traders can buy at 295 1/4 and risk 4 cents
Resistance is at the 303 3/4 to 304 1/2 and 309 1/4 to 310 1/2
Buy Dips

The Satisfying Softs

March Cotton
Support should appear near 3610 and the 3565 to 3555 region. Under that buyers should appear near 3445 to 3425.

Resistance is at 3665 to 3680 and the 3730 to 3745 region. A close over is friendly and augurs for a test of 3855 to 3865.Beyond that resistance should appear near the 3982 to 3992 region.

March Coffee
Recommended open position, long 2 at 4845 avg
Support is near 4715 to 4695 and 4650 to 4635 then 4585 to 4570 region.
Resistance should appear near 4775 to 4785 and 4845 to 4855 .

Stay tuned for updates

March Sugar
Recommended open position , long 771
Resistance should appear near 779 and 791 to 795
Support should appear near 763 and 751 under that 735 and 723 should hold
BW Traders can buy at 724 and risk a close under 704 for three days in a row..

March Cocoa
Resistance is at 1304 to 1310 and 1334 to 1346
Support should appear near 1289 under that buyers should appear near 1274 to 1268.. Below that support should appear near 1238 to 1232 BW Traders can buy at 1276 and risk a close under 1232 for three days in a row,...Below that Support should appear 1169 to 1164

A Ship in Harbor is Safe.. But that's not what ships are built for --

Happy Trading !
Bill
bill@futurescom.com

1--561-433-2995

Thursday, January 3rd, 2002
8:55 PM

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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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 1-3-2002
Long 20 March EC 8988 avg
Long 10 March Swiss Franc 6067
Short 9 March SP500 1146.20 avg
Long 5 Feb Gold 279.8
Short 4 Feb Bellies 7990
Long 40 March Soybeans Beans 427 3/4avg
Long 10 March Bean Oil 1580
Long 10 March Wheat 288 3/4
Long 5 March Coffee 4740

Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 1-3-2002
Short 3 March SP500 1150

Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html