FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

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 February 19th, 2003
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

“Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-

Tuesday, February 18th , 2003
4:00 PM eastern standard time

The ‘Frenzied’ Forex Front

March Yen
Recommended Open BW Position Long at 8224
Support should appear near the 8407 to 8391 and 8314 to 8300.
Resistance should appear near 8445 and the 8484 to 8499 region.

March Euro Currency (EC)
Recommended Open BW Position Long at 10825
Support should appear near 10630 to 10580
Resistance is at 10680 and 10715

March Swiss Franc
Recommended Open BW Position Long at 7257
Support should appear near 7255 to 7242.. Below that 7170 to 7140 should contain a decline
Resistance should appear near 7291 and 7328 to 7342

March British Pound
Support should appear near 1.5760 to 1.5690
Resistance should appear near 1.5926 and 1.6008 .

March Canadian Dollar
Support should appear near 6543 and 6509 to 6483.
Resistance is at 6577 to 6591

March Aussie Dollar
Recommended Open BW Position Long at 5934
Support is at 5880 to 5855.
Resistance is at 5912 and 5945 to 5957.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8044 and 8819 to 8134. Beyond that sellers should appear near 8194 to 8223 and Cap a rally..
Support should appear near 8029 then 7991 and the 7864 to 7836 region.

March SP500
Resistance is at 856.00 to 858.90 and the 866.80 to 868.30 region
Support should appear near 849.90 to 848.40 and 840.60 to 839.10

Nasdaq Composite
Resistance is at 1346 then 1361.5 and 1377 to 1383
Support should appear near 1334 and 1322 and 1310 to 1304

March Mini Nasdaq 100
Resistance is at 1032.00 to 1036.00 and 1058 to 1068
Support is at 1005 to 1000 and 993.50 to 992.00 .

March Ten Year T-Notes
Resistance should appear near 115-07 and 115-23
Support is at 114-23 and 114-07.

The Precious Metals

April Gold
Support should appear at 344.3 to 342.5 and the 338.6 to 337.7 region, which should hold.. BW Traders who have ice water in their veins can buy at 337.8 and hold for higher prices..
Resistance is at 349.3 to 350.3 and 355.3 to 356. 3.

March Copper
Support should appear near 7430 to 7410 and the 7345 to 7325
Resistance should appear near 7485 to 7515 and the 7585 to 7605 region

March Silver
Recommended Open BW Position Long at 463.5
Support should appear near 451.5 to 450.5 and 444.5 to 442.5
Resistance is at 457.0 to 458.5 and the 463.5 to 465 region.

The Exciting Energies

May Crude Oil
Support should appear near 3386 to 3377 then 3320 to 3319 and the 3270 to 3261 region.
Resistance is at 3425 to 3443 and the 3493 to 3505 region. .

March Unleaded Gas
Support should appear near 9935 to 9920 then 9835 to 9820 and 9735 to 9705
Resistance is at 10020 to 10035 then 10105 to 10135 and the 10320 to 10360 region

March Heating Oil
Resistance is at 10680 then 10820 and the 10960 to 11010 region
Support should appear near 10630 to 10580 then 10470 and the 10360 to 10320 region..

March Natural Gas
Resistance is at 5.945 to 5.957 then 6.023 to 6.035 and 6.101 to 6.113
Support is at 5.880 to 5.855 then 5.805 to 5.792 and 5.729 to 5.716

The Lively Livestock

April Live Cattle
Resistance should appear near 7602 and 7672 to 7687
Support should appear near 7587 and 7512 to 7487

April Lean Hogs
Support is at 5282 to 5257 and 5212 to 5197
Resistance is at 5342 to 5357 and the 5417 to 5432 region .

June Lean Hogs
Recommended Open BW Position Long at 2 at 6145 avg
Support is at 6117 to 6102 and the 6037 to 6022 region.
Resistance is at 6167 to 6192 and 6257 to 6272

March Pork Bellies
Support should appear at 8682 to 8667 and 8597 to 8557
Resistance is at the 8762 to 8777, beyond that a test of 8857 to 8872 is likely.

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains
March Soybeans
Recommended Open BW Position Long at 572
Resistance is at 579 1/4 to 580 1/2 and the 585 1/2 to 588 region
Support should appear near 572 1/2 to 571 1/2 and the 565 1/4 to 564 region ..

March Soymeal
Support should appear near 173.8 to 173.1 .
Resistance is at 177.4 to 178.0 and the 180.8 to 182.2 region

March Soybean Oil
Recommended Open BW Position Long 2 at 2026 avg
Resistance should appear near 2080 to 2088
Support should appear near 2042 to 2034

March Corn
Resistance should appear near 241 1/4 to 242
Support is at the 237 to 235 ½ region ..

March CBOT Wheat
Recommended Open BW Position Long at 327 1/2
Support should appear at 332 3/4 to 331 3/4 and the 327 to 326 1/4 region
Resistance is at 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4

The Satisfying Softs

May the ‘ Monster’ Coffee
Recommended Open BW Position Long 2 at 6825 avg
Support is near 6430 to 6415 and 6350 to 6335.
Resistance should appear near the 6575 to 6590 and 6655 to 6670

May Cocoa
Support is at 2322 to 2315 and 2275 to 2267 .
Resistance should appear near 2354 to 2370 and the 2411 to 2419 , beyond that test of 2461 to 2469 is likely. BW Traders should go long if a close over 2374 occurs

May Sugar
Recommended Open BW Position Long 2 at 843 avg
Support should appear near 847 and 823 to 814 .
Resistance should appear near 852 and the 877 to 882 region.

May Cotton
Recommended Open BW Position Long at 5710
Support should appear near the 5655 to 5640 and 5575 to 5555
Resistance is at 5715 to 5730 and 5790 to 5805.

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

Happy Trading !
Bill
wil@futurescom.com

1-561-433-2995
Tuesday, February 18th, 2003
5:15 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.