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, Thursday January 3rd 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

Morning Comments 01-03-2002
Wed, January 2nd, 2002
2:40 PM

                                                         Financial Markets

On the Frenzied Forex Front

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

Resistance should appear near 7601 then 7638 and the 7675 to 7689 region. .

March EC
Support is at 8964 to 8934 and 8902, under that buyers should appear near the 8871 to 8856 region and contain
a decline..
Resistance is at the 9044 to 9060 region. Beyond that a test of 9100 is likely. .

March Swiss Franc
Support should appear near 6068 and the 6035 to 6023 region.
Resistance should appear near the 6101 to 6113. A close over 6113 augurs for a test of 6165 to 6190 and beyond.

March British Pound
Recommended open position long 2 at 1.4428avg
Support should appear near 1.4372 and 1.4336 then 1.4210 to 1.4150
Resistance is at 1.4452 and 1.4530 to 1.4590.

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 5139 region, an extended trade over is friendly and augurs for a test of 5200 to 5211 and eventually the  5250 to 5282 region.

Stay tuned for Forex Updates

                                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,0021 to 10,037 then 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 9979 . However a slip under is negative and augurs for a test of 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 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 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 457 to 458.5 and 463.5 to 465.

Stay tuned for Updates..

The Exciting Energies

February Crude Oil
Support should appear near 2088 to 2080 then 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 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 5855 to 5880 and 5945 to 5955.. Beyond that a test of 6020 to 6040 is likely ,
Support should appear near 5730 to 5715 and the 5655 to 5645 region.. Under that 5580 to 5555 should hold..

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

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
Nearby Support is at 5652 to 5737 then 5602 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 5992 then 5957 to 5942 and 5880 to 5855.
Resistance is at 6037.beyond a trade towards the 6102 to 6112 region is likely.

February Pork Bellies
Support should appear near the 7957 to 7937 region. Under that buyers should appear near 7867 to 7837 and the 7777 to 7762 region BW Traders can buy at 7777and hold for higher prices..
Nearby Resistance is at 8027 to 8047 then 8117 to 8137 and the 8192 to 8227region..

-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 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 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 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 3625 to 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
Nearby Support is near 4650 to 4635 and 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 4845 to 4855 and the 4915 to 4925 region.. Beyond that a test of 5035 to 5065 is likely.

Stay tuned for updates

March Sugar
Recommended open position , long 771
Resistance should appear near 791 to 795, beyond that resistance is at 814 to 823
Support should appear near 767 to 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

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 1-2-2002
Long 5 March EC 9006
Short 4 March SP500 1129.00
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 20 March Wheat 287 1/4
Long 5 March Coffee 4740

Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 1-2-2002
Short 2 March SP500 1143

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