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, January 9th
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
Tuesday January 8th, 2002
3:00 PM
Financial
Markets
On the Frenzied
Forex Front
March Yen
Support
should appear 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 the
7687 to 7601 and 7635.
.
March
EC
Support is at the
8871 to 8856 region
Resistance is at the 8934
to 8949 and 8964.
March Swiss Franc
Support should appear
near the 6035 to 6023 region.
Resistance should appear near 6068 and the 6101 to 6113 region..
March British
Pound
Recommended open position long 2
at 1.4428
avg
Support
should appear near 1.4276 and 1.4210 to
1.4150
Resistance is at 1.4372 and
1.4452.
March Canadian Dollar
Recommended open position long 6271
Support
should appear near 6257 and 6225 to
6190
Resistance is at 6305 and 6337 to
6350
March Aussie
Dollar
Support is at the 5211 to 5200 and 5176.
Resistance should appear near the
5255 to 5270 region...
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 10,320 to 10,360.. Beyond that a test of 10,470 is likely..
Support should appear near 10,136 to 10,120 then
10,104 and 10,069.
March
SP500
Recommended open position short 2
at 1155.70 avg
Resistance should appear near 1164 to 1166 and 1169 .Beyond that sellers should appear near 1180.50
Support
should appear at 1157 a slip under
is negative and augurs for a test of 1150 ..
Nasdaq Composite
Resistance is at 2061 and 2080 to 2088
Support is at 2042 to 2034
and the 1996 to 1982 region.
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.
March 10
Year T-Note
Resistance should appear
near 105-23 and 106-07
Support is at 104-23
and 104-07 which should contain a decline ...
Precious Metals
February Gold
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 BW Traders
should go long if a close over 282.8
occurs.
March
Copper
Support should
appear near 7070 and 7005 to 6990m under that a test of 6925 to 6910 is likely. .
Resistance should appear near 7140 to 7170 then 7240 to 7255, beyond that a test of 7325 to
7340 is likely. .
March Silver
Recommended open position long at 458.5
Support should appear near 463 and 458.5 to
457 ..Under that support should appear near 451.5 to 450 and the 444.5 to 442.5
region.
Resistance should
appear near the 469.5 to 471.5 region..Beyond that a test of 477.5 to 478.5 is
likely.
Stay tuned for Updates..
The Exciting Energies
February
Crude Oil
Support
should appear near 2088 to 2080 and the 2045
to 2030 region
Resistance is at
2126 to 2134 then 2170 to 2185 and the 2219 to 2226 region
February Unleaded Gas
Support
should appear near 6035 to 6020 and the 5960
to 5945 region
Resistance is at 6165 to
6190 then 6255 to
6270 and 6335 to
6350 .
February
Heating Oil
Resistance is at 5715 to 5730 and 5795 to 5805 then 5855 to 5880 ..
Support should appear near 5655 to 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 7002 to 6992, below
that an eventual test of the 6922 to 6907 region is
likely..
Resistance
is at 7072 to
7087 then 7117and the 7142 to 7172 region.
February Lean Hogs
Support is
at 5432 to 5417 and the 5357 to 5342 region
Resistance is at 5492 to 5507
then 5552 to 5577
and 5612
April Hogs
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 7762 and 7692 to 7672.. Under that
buyers should appear near the
7602 to 7587 region.. BW traders can buy at 7602 for a bounce , risk a close
under 7487 for three days in a row.
Resistance
is
at 7832 to 7867 and 7937 to 7952.
The ‘Grand’
Grain
Markets
March Soybeans
Resistance is at 437 to 438 1/4 and the 442 1/2 to 444 3/4 region
Support should appear
near 431 1/2 to 430 and 425 to 423 1/2 , day traders can buy
at 425 3/4 and risk 10 cents under that support is at 418 1/2 to 416 1/4
BW Traders should go long if a close over 438 1/2 occurs.
March Soybean Meal
Support should appear near 145.3 and 143.7 and 142.1 to 141.5..
Resistance
is at 145.9 then 147.1 and the
148.9 to 149.6 region.
.
March Soybean Oil
Recommended open position long at 1600
Support
is near 1642 and 1615 to 1609 .
Resistance should appear near 1655. Beyond
that a test of 1689 to 1696 is likely to occur..
Trade
Accordingly..
March Corn
Resistance should
appear near 212 3/4 to 213 1/2.. Beyond that a test of the 217 to 218 1/2
region is likely.
Support is at 208 3/4 to 208 and the 204 1/4 to 203 1/2
region
March
Wheat
Recommended Open Position long
at 300
Support
should appear near 304 1/2 to 303 3/4
and 299 to 297 1/4. Under that buyers should appear near the 293 3/4 to
292 1/2 region.
Resistance is at the 309
1/4 to 310 1/2, an extended trade over is friendly and augurs for a test of 314
3/4 to 315 3/4
Buy Dips
The Satisfying Softs
March Cotton
Support should appear near 3805 to 3795 and 3745 to 3730
Resistance is at3855 to
3865..Beyond that sellers should appear
near the 3910 to 3930 and the
3982 to 3992 region.
March Coffee
Recommended
open position, Long 4735
Support
is near 4785 to 4775 then 4715 to 4695 and 4650 to 4635
Resistance
should appear near 4915 to 4925
and the 4970
to 4995 region.
Stay tuned for updates
March
Sugar
Recommended open position Long
771
Resistance should appear near
791 to 795
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 1399 and 1415 to 1421..
Beyond that the 1453 to 1459 region should cap a rally for a bit.. BW Traders
can sell at 1452 and hold for lower price.. Risk a close over 1496 for three
days in a row..
Support should
appear near 1383 to 1377 and 1361 under that buyers should appear near 1345 to
1335.
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 8th, 2002
4:15 PM
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.
-----------------------------------------------------------------------------------------
Premier
Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 1-8-2002
Short
10 March Yen 7584
Long 20 March EC 8988 avg
Long 10 March Swiss Franc
6067
Long 5 Aussie Dollar 5180
Short 9 March SP500 1146.20 avg
Long 15 Feb Gold
279.5
Short 5 Feb Bellies 7855
Long 10 March Soybeans 431 3/4
Long 20
March Wheat 296 1/4
Long 10 May Wheat 301
Long 5 March Coffee
4740
Index Program
http://www.futurescom.com/index01.htm
Recommended
Open Position as of 1-8-2002
Short 7 March SP500 1158.80
avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
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