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

FuturesCom Investment Publications
Morning Comments January 2nd, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Morning Comments
Tuesday, January 1st, 2002
2:15 PM est.

                                                          Financial Markets

On the Frenzied Forex Front

March Yen
Support should appear near 7601 to 7587..A close 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..Under that support should appear near 7342 to 7325 and the 7255 to 7240 region..

Resistance should appear near 7675 to 7689 and the 7763 to 7777 region , a close over augurs for a test of 7836 to 7864. Traders can sell at 7835 and risk a close over 7865 for three days in a row.. .Beyond that 7939 to 7954 should cap a rally for a bit.

March EC
Recommended open position long 8878
Support is at 8871 to 8856 and 8818, under that buyers should appear near the 8777 to 8762 region and contain
a decline..
Resistance is at 8902 and 8934 to 8964 and beyond towards the 9044 to 9060 region..

March Swiss Franc
Recommended open position long 6020
Resistance should appear near 6023 to 6035. Beyond that a trade towards the 6101 to 6113 region is likely to occur. A close over 6113 augurs for a test of 6165 to 6190 and beyond.

March British Pound
Recommended open position long 1.4486
Support should appear near 1.4372, traders can buy at 1.4372 for a bounce , risk a close under 1.4336 for three days in a row.
Resistance is at 1.4530 to 1.4590.. Beyond that a trade towards the 1.4840 to 1.496 region is likely..

March Canadian Dollar
Recommended open position long 6271
Support should appear at 6270 to 6256... Below that buyers should appear near 6225 to 6190
Resistance is at 6305 a close over is friendly and augurs for a test of the 6337 to 6350 region...

March Aussie Dollar
Support is at 5067 to 5036 Traders can buy at 5052 and risk a close under 4972 for three days in a row.

Resistance should appear near 5092 and the 5127 to 5139 region, an extended trade over is friendly and augurs for a test of 5200 to 5211 and eventually the  5250 to 5282 region.

BW Traders should go long if a close over 5092 occurs.

Stay tuned for Forex Updates

                                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,069 and 10,104 to 10,136 . An extended period over 10,136 is friendly   and augurs for a test of 10,185 which should cap a rally for a bit

Nearby Support should appear near 10,036 to 10,021 and contain a bit of a decline.. However a slip under is negative and augurs for a test of 9979 eventually the 9937 to 9921 region.

March SP500
Recommended open position short 1147.50
Nearby Resistance should appear near 1150 and the 1164 to 1169 region ..BW Traders ' Who Sleep on a bed of nails' can sell at 1163.90 for a turn lower, risk a close over 1169 for three days in a row.. Beyond that a test of 1180.50 and the 1192 to 1203 region is likely.
Support should appear at 1143 and 1136 to 1133 then 1130.. Failure there augurs for a test of 1115.5 and eventually the 1101 to 1096 region..

*Stay Tuned for BW Updates* .

Nasdaq Composite
Nearby Resistance is at 1967.5 and the 1982 to 1996 region. Beyond that a test of 2034 to 2042 is likely..
Nearby Support is at 1946 and 1927, failure there augur for a test of the 1909 to 1902 region.

March Mini- Nasdaq 100
Resistance is at the 1609 to 1615 and the 1642 to 1655 region, a close over 1655 is friendly and augurs for a test of 1689 to 1696 and the 1731 to 1738 region.
Support is at 1576 to 1569 and the 1535 to 1529 region..

Trade Accordingly and Stay tuned....

March 10 Year T-Note
Resistance should appear near 105-12 to 105-17..Beyond that sellers should appear near 106-07 to 106-12

Support is at 104-27 to 104-23 and 104-06.

                                                              Precious Metals
February Gold
Recommended open position : Long 2 at 278.4 avg
Support should appear near 277.5 to 275.8.. Under that buyers should appear near 272.4 to 271.6..

Resistance is at 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 6575 and the 6510 to 6485 region.
Resistance should appear near 6655 to 6670 ...

March Silver
Recommended open position long at 458.5
Support should appear near 451.5 to 450 and 444.5 to 442.5
Resistance is at 463.5 to 465 and the 469.5 to 471.5 region.

Stay tuned for Updates..

The Exciting Energies

February Crude Oil
Support should appear near 1953 to 1946 and the 1909 to 1902 region. . BW Traders can buy at 1955 and risk a close under 1902 for three days in a row..
Resistance is at 1982 to 1996 and 2034 to 2042. .

February Unleaded Gas
Support should appear near 5730 to 5715 and 5655 to 5640 , under that support should appear near 5580 to 5555
Resistance is at 5855 to 5880 and 6020 to 6035 .

February Heating Oil
Recommended open position long 5510
Resistance is at 5555 to 5580 and 5640 to 5655 ,
Support should appear near 5505 to 5490 and the 5355 to 5345 region. Below that support should appear
near 5210 to 5200 and the 5140 to 5125 region

Pick Your Poison ..Trade Accordingly and stay tuned for updates.

The Lively Livestock Markets

February Live Cattle
Recommended open position, short 2 at 7027
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
Nearby Support is at 5652 to 5637 and the 5577 to 5552 region. Under that BW Traders can buy at 5507and risk a close under 5417 for three days in a row.
Resistance is at 5717 to 5742 and the 5792 to 5807 region..

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

Aggressive Traders should go long if a close over 5957 occurs.

February Pork Bellies
Recommended open position , short 8192
Support should appear near 8137 to 8117 and 8047 to 8022.
Nearby Resistance is at 8192 to 8227 and the 8302 to 8317 region. Beyond that sellers should appear near 8392 to 8407 and cap a rally for a bit. .

-Stay tuned for Livestock and Belly Updates and Flashes-

The ‘Grand’ Grain Markets

March Soybeans
Recommended open position long at 432
Resistance is at 423 1/2 to 425 and 430 to 431 1/2
Support should appear near 418 1/4 to 416 1/4 and should contain the decline..

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 to1529. 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 3/4 to 208

March Wheat
Recommended Open Position , long 293
Nearby Support should appear near 288 1/4 to 287 1/2 and 282 3/4 to 282. BW Traders can buy at 282 3/4 hold for higher prices..
Resistance is at the 292 3/4 to 293 3/4 region. A close over is friendly and augurs for a test of 297 1/2 to 299

Buy Dips .

BW Traders should go long if a close over 293 3/4 occurs..

The Satisfying Softs

March Cotton
Nearby Support should appear near 3555.Under that buyers should appear near 3445 to 3425. Below that 3390 to 3370 should hold

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 4960
Nearby Support is near the 4585 to 4570 region... Under that support should appear near 4515 to 4505 and 4445 to 4425 .. Below that buyers should appear near 4315 to 4305..
Traders can buy at 4305 for a turn higher and risk a
close under 4160 for three days in a row..

Nearby Resistance should appear near 4635 to 4650 and the 4695 to 4715 region, a close over 4715 is friendly augurs for a test of 4845 to 4855 and the 4915 to 4925 region.. Beyond that a test of 5035 to 5065 is likely.

Aggressive Traders should go long if a close over 4715 occurs. .

Stay tuned for updates

March Sugar
Resistance should appear near 751, a close over is friendly and augurs for a test of 763 to 767 and 791 to 795, beyond that a
resistance is at 814 to 823 and the 847 to 852 region. Above that a test of 877 to 882 is likely..Traders can sell at 876 for a turn lower risk a close over 883 for three days in a row.
Support should appear near 735 and 723....Traders can buy at 724 and risk a close under 704 for three days in a row.. Below that buyers should appear near 712 to 704 and the 686 to 682 region.


                                               Traders should go long if a close over 752 occurs.
March Cocoa
Resistance is at 1334 to 1346 .Beyond that a test of 1377 to 1383 is likely Above that sellers should appear near
1415 to 1421.. Beyond that 1453 to 1459 should cap the rally for a bit.. Traders can sell at 1452 and hold for lower prices.. Risk a close over 1496 for three days in a row.. Above that sellers should appear near 1529 to 1535..

Support should appear near 1304 and 1289 under that buyers should appear near 1274 to 1268.. Below that support should appear near 1238 to 1232 and the 1203 to 1192 region.. 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

Tuesday, January 1st, 2002
3:05 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 12-31-2001
Short 4 March SP500 1129.00
Long 5 Feb Gold 279.8
Short 4 Feb Bellies 7990
Long 20 March Soybeans Beans 437 1/2
Long 10 March Bean Oil 1580
Long 20 March Wheat 287 1/4
Long 5 March Coffee 4740

Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-31-2001
NONE

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