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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 17th, 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
Wed , January 16th, 2001
5:20 PM Eastern Standard Time

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 7587 to 7601 and 7638...

March EC
Support is at 8777 to 8762 region..
Resistance is at 8818 and 8856 to 8871

March Swiss Franc
Resistance should appear near 6035 and 6068.
Support should appear near the 6023 then 5990 and the 5957 to 5945 region.

March British Pound
Recommended trade elected long at 14372
Support should appear near 1.4276 and the 1.4210 to 1.4150 region. BW Traders can buy at 1.4212 for a bounce and hold for higher prices..
Resistance is at 1.4372 then 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 6225 to 6190. BW Traders can buy at 6226 and risk a close under 6189 for three days in a row.
Resistance is at 6256 to 6271 and 6305

March Aussie Dollar
recommended open position long at 5131
Support is at 5098, below that buyers should near the 5067 to 5056..
Resistance should appear near 5129 to 5137 and 5176

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 9737 then 9779 and 9821 to 9837 .
Support should appear near 9706 and the 9641 to 9625 region. .

March SP500
Resistance is at 1130 to 1133 and 1136 , beyond that a test of 1143 is likely.
Support should appear at 1115.5 and the 1101 to 1096 region..
Stay Tuned for BW Updates.

Nasdaq Composite
Resistance is at the 1946 to 1953 and 1961.. beyond that sellers should appear near 1982 to 1996 ..
Support is at 1909 to 1902 and 1883.

March Mini- Nasdaq 100
Resistance is at 1592.5 then 1609 to 1615 and 1642 to 1655.
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 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 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 5505 to 5490 and 5430 to 5415.. Below that buyers should appear near the 5355 to 5345 region..

Resistance is at 5580 and 5645 to 5655 then 5715 to 5730

February Heating Oil
Resistance is at 5345 to 5355 and 5415 to 5430.
Support should appear near 5280 to 5255 then 5210 to 5200 the 5140 to 5125 region .

Trade Accordingly and stay tuned for updates.

The Lively Livestock Markets

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

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 6037 to 6022
Resistance is at 6102 to 6112 then 6162 to 6192 and the 6257 to 6272 region.

February Pork Bellies
Recommended open position Short 7635
Support should appear near 7512 to 7487 and the 7427 to 7412 region….
Resistance is at 7587 to 7602 and 7677 to 7692.

-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 457 1/4 to 458 1/2
Support should appear near 451 1/2 to 450 1/2 and the 444 3/4 to 442 1/2 region. Under buyers should appear
near 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 161.5 to 160.9 and 157.6 to 156.9
Resistance is at 164.2.to 165.5. .

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

Trade Accordingly..

March Corn
Recommended position long at 214 3/4
Resistance should appear near 217 to 218 1/2.
Support is at 213 1/2 to 212 3/4 then 210 1/2 then 208 3/4 to 208 .

March Wheat
Recommended open position long at 298
Support should appear near 299 to 297 1/4. 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 3745 to 3730 then 3685 to 3665 .

Resistance is at the 3795 to 3805 and the 3855 to 3865 region.

March Coffee
Recommended Open Position Long 5040
Nearby Support should appear near the 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 4975 to 4995 and 5035 to 5065. .

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
Resistance is at 1346 and the 1377 to 1383 region.
Support should appear near 1322 then 1310 to 1304 and 1289..

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

Wed January 16th 2002
6:50 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 1-16-2002
Long 20 March EC 8868
Long 10 March Swiss Franc 6035
Long 5 March Aussie Dollar 5140
Short 4 March SP500 1145.30
Long 5 Feb Gold 284.5
Long 5 March Silver 453.5
Short 4 Feb Bellies 7640
Long 20 March Soybeans 445 3/4
Long 5 March Soymeal 157.8
Long 20 March Corn 213 3/4
Long 20 March Wheat 302 1/4
Long 5 March Coffee 4920

Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 1-16-2002
NONE

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