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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 16th, 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 15th, 2001
5:00 PM Eastern Standard Time

Financial Markets

On the Frenzied Forex Front

March Yen
Support should appear near 7635 and the 7602 to 7587 region.. .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..
Resistance should appear near the 7675 to 7689 region Beyond that sellers should appear near 7725 ..

March EC
Support is at 8777 to 8762 region..
Resistance is at 8856 to 8871

March Swiss Franc
Resistance should appear near 6023 to 6035 .
Support should appear near the 5957 to 5945 region.

March British Pound
Recommended trade elected long at 14372
Support should appear near 1.4336 and the 1.4210 to 1.4150 region. traders can buy at 1.4212 for a bounce and hold for higher prices..
Resistance is at 1.4452 and 1.4530 to 1.4590.

BW Traders should go long if a close over 1.4456 occurs..

March Canadian Dollar
Recommended open position long at 6291
Support should appear at 6271 to 6257 and 6225 to 6190. BW Traders can buy at 6226 and risk a close under 6189 for three days in a row.
Resistance is at 6305 an extended trade over is friendly and augurs for a test of 6337 to 6350.

March Aussie Dollar
Support is at 5137 to 5129..BW Traders can buy at 5131 and risk a close under 5098 for three days in a row.
Below that buyers should near the 5067 to 5056..

Resistance should appear near 5176 and the 5200 to 5211 region..a close over 5211 is friendly and augurs for a test of 5250 to 5282 region…

BW Traders should go long if a close over 5211 occurs

Stay tuned for Forex Updates

                                      The Sensational Stock and Bond Markets




Dow Jones Industrial Average
Resistance should appear near 9937 and 9979 and the 10,021 to 10,037 region.
Support should appear near 9921 then 9879 and the 9837 to 9821 region..

March SP500
Resistance is at 1150 and the 1164 to 1169 region ..BW Traders ' Who Sleep on a bed of nails' can sell at 1156.90 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 the 1136 to 1130 region. Failure there augurs for a test of 1115.5 and eventually the 1101 to 1096 region..

Stay Tuned for BW Updates.

Nasdaq Composite
Resistance is at the 2034 to 2042 . A close over 2042 is friendly and indicates a trade towards the 2080 to 2088 region..

Support is at 1996 to 1982 then 1953 to 1946 , failure there augur for a test of 1909 to 1902 and 1883..

March Mini- Nasdaq 100
Resistance is at 1642 to 1655 and the 1689 to 1696 region.
Support is at 1615 to 1609 and 1576 to 1569.

Trade Accordingly and Stay tuned….

March 10 Year T-Note
Resistance should appear near 107-07 and 107-23.

Support is at 106-23 then 106-12 and 106-07

                                              Precious Metals

February Gold
Recommended open position long at 283.0
Support should appear near the 282.9 to 282.0 region. under that buyers should appear near 279.7 ad the b277.5 to 275.8 region.
Resistance is at 287.4 to 288.3 and the 292.8 to 293.7 region..
Aggressive BW Traders should go long if a close over 288.3 occurs.

March Copper
Support should appear near 7005 to 6990.. a close under 6990 is negative and augurs for a test of 6920 to 6910 and eventually the 6835 to 6805 region. .BW Traders can buy at 6835 and risk a close under 6655 for three days in a row
Resistance should appear near 7075 to 7090 and 7140 to 7170

March Silver
Recommended Open Position Long 452
Support should appear near 451.5 to 450.5 Below that buyers should appear near the 444.5 to 442 region.. which should contain the decline for a bit...
Resistance is at 457 to 458.5

The Exciting Energies

March Crude Oil
Recommended Open Position Long 1955
Support should appear near 1909 to 1902. .Under that buyers should appear near 1865 to 1858 .
Resistance is at 1946 to 1953 and 1982 to 1995

February Unleaded Gas
Support should appear near 5430 to 5415.. Below that buyers should appear near the 5355 to 5345 region.
BW Traders can buy at 5360 and risk a close under 5255 for three days in a row, Below that support is at 5210 to 5200..Which should contain a decline for a bit...

Resistance is at the 5555 to 5580 and 5645 to 5655

February Heating Oil
Recommended Open Position Long 5295
Resistance is at 5200 to 5210 and 5260 to 5290.
Support should appear near the 5140 to 5125 region Under that 5065 to 5055 should contain a decline for a bit...

Trade Accordingly and stay tuned for updates.

The Lively Livestock Markets

February Live Cattle
Recommended Open Position Short 7032
Support should appear near the 7142 and 7087 to 7072 .
Resistance is at 7172 and the 7242 to 7257 region. .

Stay tuned for updates…

February Lean Hogs
Support is at the 5612 then 5577 to 5552 and 5507 to 5492 ..
BW Traders can buy at 5507and risk a close under 5417 for three days in a .

Resistance is at 5647 to 5657, a close over is friendly and augurs for a test of the 5717 to 5732 region and eventually 5792 to 5807.. where sellers should cap a rally for a bit.
BW Traders should go long if a close over 5657 occurs.

Stay tuned for Updates and new trades in the Hogs..

April Hogs
Recommended open position long at 6132
Support is at 6112 to 6102 and 6037 to 6022.
Resistance is at 6162 to 6192 and the 6257 to 6272 region.

February Pork Bellies
Support should appear near 7427 to 7412 and the 7342 to 7327 region…Under that buyers should appear near 7257 to 7242 and the 7172 to 7142 region BW Traders can buy at 7172 and hold for higher prices..
Resistance is at 7487 to 7512 then 7587 to 7602 aggressive BW traders can sell at 7587
and hold for lower prices.. .Beyond that sellers should appear near the 7672 to 7687 region.

-Stay tuned for Livestock and Belly Updates and Flashes-

The ‘Grand’ Grain Markets

March Soybeans
Recommended Open Position Long 446 3/4
Resistance is at to 450 1/4 to 451 1/2
Support should appear near 444 3/4 to 442 1/2 and 438 3/4 to 437 .BW.Traders can buy at 439 and risk a close under 430 1/4 for three days in a row..

Trade Accordingly and stay tuned….

March Soybean Meal
Support should appear near 157.6 to 156.9 and 153.5 to 152.9
Resistance is at 160.9.to 161.5. .

March Soybean Oil
Support is near 1535 to1529.
Resistance should appear near 1569 to 1576

Trade Accordingly..

March Corn
Resistance should appear near 213 1/2 and 217 to 218 1/2.
Support is at 210 1/2 then 208 3/4 to 208 .

BW Traders should go, long if a close over 213 ½ occurs..,

March Wheat
Nearby Support should appear near 299 to 297 1/4 BW Traders can buy at 299 ¼ and hold for higher prices..
Below that 293 34/ to 292 3/4 should hold..
Resistance is at 303 3/4 to 304 1/2 and the 309 1/2 to 310 1/4.
Aggressive BW Traders should go long if a close over 310 3/4 occurs..

                                   The Satisfying Softs

March Cotton .
Support should appear near 3665 and the 3565 to 3555.region.

Resistance is at the 3730 to 3745 region..A close over is friendly and augurs for a test of 3855 to 3865

March Coffee
Recommended Open Position Long 5040
Nearby Support should appear near 4995 to 4970 and the 4930 to 4915 region. under that buyers should appear
near 4855 to 4845.. Below that support is at 4785 to 4775 ...BW Traders can buy at 4790 and risk a close under 4755 for three days in row..
Resistance should appear near 5035 to 5065 and 5125 to 5140 then 5200 to 5210. .

March Sugar
Resistance should appear near 791 to 795 and 804
Support should appear near 767 to 763 then 739 to 735.
..BW Traders can buy at 741 and risk a close under 704 for three days in a row..

BW Traders should go long if a close over 795 occurs.

March Cocoa
Recommended Open Position Long 2 at 1288 avg
Resistance is at 1310 and 1322 and 1334 to 1346.
Support should appear near 1289 and the 1274 to 1268 region..

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

Happy Trading !
Bill
bill@futurescom.com

1--561-433-2995

Tuesday January 15th 2002
6:00 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 1-15-2002
Long 20 March EC 8868
Long 10 March Swiss Franc 6035
Short 20 March Yen 7641 avg
Short 9 March SP500 1144.80 avg
Long 5 Feb Gold 284.5
Long 10 March Wheat 304 3/4
Long 5 March Soymeal 157.8

Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 1-15-2002
Short 4 March SP500 1143.90 avg

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