FuturesCom
Investment Publications
Morning Comments Friday January 23rd 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
Thursday January 22nd, 2004
2:00 PM Eastern time
The Frenzied Forex Front
March Yen
Support
should appear near 9347 to 9316
Resistance should appear near 9445 and 9526 to 9542
March Euro Currency (EC)
Support
should appear at 12680 and 12530
Resistance is at 12710 to 12740 and
12890
March Swiss
Franc
Recommended open positon Short 8028
Resistance
should appear near 8119 to 8134 and
8194 to 8223
Support should appear near 8044 to 8029
March British Pound
Support should appear near 1.8220 to 1.8080
Resistance should appear 1.8580 to 1.8560
March Canadian Dollar
Support should appear near 7689
to 7675
and 7601 to 7587
Resistance is at 7763 to 7777.
March Aussie Dollar
Support should appear near 7689 to 7675 .
Resistance should appear at 7763 to 777
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10680.. beyond that a a test of 10,820 and the
10960 to
11,1010 region is likely.
Support should appear near 10,580 then 10470 and 10360 to 10320
March SP500
Recommended Open Position Long 2 at 1146.2
Resistance
should appear near 1150.00 then 1164.00 to 1166.50 and 1169.00 .
Support should appear near 1136 to 1134 and 1130 .. below that buyers
should appear near 1115.50 , which should hold... below that support is 1101 to
1096 .BW Traders can buy at 1101.30 for a bounce and risk a close under 1094.7 for
three days in a row.
Nasdaq Composite
Resistance should appear near
2170 to 2185.
Support should appear near 2126 and 2089 to 2080.
March Mini Nasdaq 100
Resistance
is at 1569 to 1576
Support is at 1535 to 1529
March 10 Year T-Note
Resistance should
appear near 114-22 and 115-07
Support is at 114-07 and 113-22
Precious
Metals
February Gold
Support
should appear at 405.6 to 404.6 and
392.9 to 390.9
Resistance is at 411 to 412
and 416.3 to 418.0
March Copper
Recommended Open Position Long 11200
Support should appear near the
11010 to 10960 and the 1.0680
to 1.0580 region.
Resistance should appear near 11300
to 11360 and 11640 to 11690
BW Traders should go long if a close over 11185 occurs.
March Silver
Support
should appear near 633 and 627 to 625.5
Resistance is at 641.5 to 643 and
648.5 to 650.5
The
Exciting Energies
March
Crude Oil
Support should appear near
3443 to 3425 and 3386 to 3377
Resistance is at 3493 to 3503 and the 3553 to 3563 region.. which
should cap a rally for a while
March Unleaded
Gas
Resistance should appear
near 10580 to 10680
and 10960 to 11010...
BW Traders can sell at 10960 for a turn lower and risk a close over 11205 for
three days in a row,
Support should appear near the
9935 to 9920 . below that buyers should appear near 9545 to 9525
March Heating Oil
Resistance should appear near 10320
to 10360 and10580 to 10680
Well Heeled BW Traders can sell at 10320
for the pull and risk a close over 10710 for three days in a row.
Support should appear near 9945 to 9920 and
9745 to 9705
The
Lively Livestock
April Cattle
Support
should appear near 7602 to 7587 and 7512 to 7487
Resistance is at 7672 to 7692 and 7762 to 7777
April Hogs
Support is at 5652 to 5637 and 5577 to
5552
Resistance is at 5717 to 5732 and 5792 to 5807.
BW Traders can sell at 5852 and risk a close over 5962 for three days in a
row….
February Pork Bellies
Support
should appear near 8222 to 8192 and 8137 to 8117.
Resistance is at 8302 to 8317
then 8392 to 8407
and 8487 to 8502 .
Traders should stay tuned for Updates
…The
Grande’ Grains
March Soybeans
Resistance
is at 848 3/4 to 849 3/4 and 856 to 858 3/4
Support should appear at 839
1/2 and 831 1/2 to 830 1/4
March
Soymeal
Support should appear near 262 to 261.2 and 251.9 to 251.1
Resistance should appear near 266.3 to 267.2
March Soybean Oil
Resistance should appear near 2928 to
2937 .
Support should appear near 2883 to 2874
March Corn
Resistance should appear near 275 3/4 to 277 1/2 and 282 to 282 3/4
Support is at 272 1/2 to 271 3/4 and 267
1/4 to 266 1/4
March CBOT Wheat
Support should
appear near 386 3/4 to 385 3/4 and 380 3/4 to 379 1/2
Resistance should appear near 390 3/4 to 392 3/4 and 398 1/4 to 399 1/2
Trade Accordingly and Stay tuned for updates
The
Satisfying Softs
March the ‘Monster’ Coffee
Support
is near 7430 to 7415 and 7345 to 7325
Resistance should appear near 7585 to 7605, beyond that a test of 7760 to
7780 is likely.
March Cocoa
Support
is at 1655 to 1642 and 1615 to 1609.
Resistance should appear near 1689 to 1696
March Sugar
Support should appear near 562 to 558
Resistance should appear near 586 and 601 to 609 .
March
Cotton
Support should appear near 7515 to 7485 and 7430 to 7415
Resistance should appear near 7585 to 7605
and 7675 to 7690
A Ship in Harbor is Safe.. But that is not what ships are built for –
Happy
Trading!
Bill
wil@futurescom.com
1-866-409-3890
Thursday January 22nd
, 2004
3 00 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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